Spanish venture capital is in vogue. A few days ago we learned of the funds selected in the 8th Fondico call and several firms have announced the imminent launch of new funds. Among them we have detected funds focused on technology, healthcare and energy.
26 funds in 3 different categories: Expansion Capital, Venture Capital and Incubation, participated in the 7th Fondico call. Of these 26 funds, 9 have been selected, three in each category. Fondico will distribute €157M among these funds. Given the multiplier effect generated by this instrument, the funds participating thanks to this call will invest a minimum of €660M in Spain, which is 4.2 times the amount of €157M committed by FOND-ICO Global.
Due to the good performance of the Fondico Global fund of funds two years ago, ICO has decided to increase the FOND-ICO Global endowment by €300M, from €1,200M to €1,500M.
Technology startups in our country are growing considerably, and are even being able to grow and compete in the international market. Venture capital is playing an important role in this phenomenon. In recent days we have heard news about the creation of new funds that we would like to share with you.