Índico Capital Partners launches €125M Fund
Índico Capital Partners has unveiled its sixth fund, Indico VC Fund III, aiming to raise €125 million to bolster tech innovation across Southern Europe. The European Investment Fund (EIF), part of the European Investment Bank Group, has committed €30 million as the anchor investor, signaling confidence in the venture capital firm's strategy. This commitment underscores the EU's continued push to foster digital growth and technological independence. The fund will concentrate on tech companies in Portugal, Spain, and Italy, with a possible focus on companies from these countries that are currently based in the US and UK. Investments will span Seed to Series B stages, with a focus on enterprise SaaS, AI, Deep Tech, spacetech, and oceantech. Since 2019, Índico has invested over €123 million in 53 companies, which have raised over €2.5 billion from global investors, demonstrating its track record. This initiative directly impacts early-stage technology companies, particularly those in the Southern European region, providing crucial funding and strategic support. The EIF's involvement, aligned with the EIB Group's strategic roadmap, promotes digitalization and technological innovation. It also supports the InvestEU program, which aims to mobilize over €372 billion in investment by 2027, and Portugal Blue, which provides funding to strengthen Portugal’s blue economy. The launch of Indico VC Fund III highlights the growing importance of European venture capital in driving digital innovation and building globally competitive tech companies. This follows the strategic goal of developing Europe's tech leadership, and with it, its digital sovereignty, by funding the next generation of tech leaders.
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