Índico Capital Partners has launched its sixth fund, Indico VC Fund III, with a capital target of €125 million. The fund has successfully secured a major anchor commitment of €30 million from The European Investment Fund (EIF), the arm of the European Investment Bank Group (EIB Group) specialized in equity investments in small and medium firms (SMEs) and mid-cap.
Indico VC Fund III will primarily focus its investment strategy on innovative technology companies built in Portugal, Spain, and Italy, while also actively seeking opportunities with companies from these countries currently located in the US, UK and elsewhere. The fund will concentrate on investments ranging from Seed to Series B, specifically targeting companies developing enterprise SaaS, AI, and Deep Tech solutions, as well as those in spacetech and oceantech.
“We are excited to join forces with Índico Capital Partners to support the vibrant ecosystem of technological innovators in Portugal, Spain and Italy. Through this operation the EIF will support equity investments in companies that are making a difference in AI, deep tech and blue economy,” said Marjut Falkstedt, EIF Chief Executive.
Índico Capital Partners currently manages over €240 million in Assets Under Management (AuM) across five funds and has supported 53 companies that together have raised more than €2.5 billion. The firm has contributed to the growth of several leading technology businesses in Southern Europe, including four unicorns through its previous funds.
“We are strategically positioned to identify and scale the best global companies, leveraging the region’s top talent and bringing them into the international capital spotlight,” said Stephan de Moraes, Managing General Partner at Índico. “We believe that by providing smart capital and hands-on support, we are truly shaping the next wave of European technological leadership at a global scale.”
