The ICF invests 1.4 million euros in 8 Catalan start-ups

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06/09/17

Through this co-financing facility established in 2012, the ICF has already invested 11.3 million euros in 72 start-ups. The ICF has accredited 15 private investors with whom it will co-invest in newly created innovative companies.

The Institut Català de Finances (ICF) has invested 1.4 million euros in eight Catalan start-ups through the co-investment facility with private investors to promote the creation and growth of micro, small and medium-sized businesses in Catalonia.

Through this public-private co-financing facility, the ICF invests in newly created innovative companies through participatory loans of up to 200,000 euros. The Catalan public financial entity undertakes this jointly with private investors - networks of business angels, venture builders, accelerators and venture capital funds - that invest additional funds in these companies.

Up to July, the ICF has invested in Housfy, together with the venture builder Nuclio; in Roomonitor, together with ESADE’s business angels network; in Trendy, jointly with Antai Business Angels; in Joyners, together with IESE’s business angels network; in Photoslurp, together with Inveready; and in Carnovo, together with the venture builder Antai.

The investment in each of these start-ups was 200,000 euros. As a novelty, part of this investment was in a participatory loan and part (10%) in capital.

Within the framework of the Corporate Entrepreneurship Programme, promoted jointly with ACCIÓ, the ICF has also invested in Imicroq (€ 86,300) together with Vento (Suez Group) and in Devicare (€ 133,000) jointly with Peroxfarma.

With these new investments, the ICF has already invested 11.3 million euros in 72 start-ups through this co-financing facility established in 2012.

New accredited private investors

Up to July, the ICF accredited 15 private investors with which it will jointly co-invest in newly-created Catalan companies and/or those in the early stages of expansion with a high growth potential. The goal is for the public-private collaboration to multiply the resources for Catalan start-ups in order to grow and consolidate their projects.

The public financial entity selected and validated them to co-invest after they had answered a call for a manifestation of interest (public competition) published at the beginning of the year through the subsidiary company IFEM - Financial Instruments for Innovative Companies.

Among the accredited private investors there are 7 networks of business angels, 2 venture builders, 1 accelerator and 5 venture capital funds. The 15 accredited private investors are:

  • Fundació Ship2b (Network of business angels)
  • Antai BAN (Network of business angels)
  • IESE BAN (Network of business angels)
  • Economistes BAN (Network of business angels)
  • ESADE BAN (Network of business angels)
  • SeedRocket (Network of business angels)
  • Eix Technova (Network of business angels)
  • Nuclio Venture Builder (Venture Builder)
  • Antai Venture Builder (Venture Builder)
  • mVentures (Accelerator)
  • Reus Venture Capital (Venture Capital)
  • Samaipata Ventures (Venture Capital)
  • Kibo Ventures (Venture Capital)
  • Seedrocket 4founders Capital (Venture Capital)
  • Inveready Venture Capital (Venture Capital)
The ICF invests 1.4 million euros in 8 Catalan start-ups