Investor

Axis Participaciones Empresariales

axispart.com ↗ ·Madrid ·Multi stage ·Actively investing

Axis is the venture capital and private equity management company wholly owned by Spain's state-owned bank, Instituto de Crédito Oficial (ICO). It manages a family of public-private funds (Fond-ICO Global, Fond-ICO Next Tech, Fond-ICO Crecimiento, Fond-ICO Infraestructuras ESG), investing both directly and as a fund-of-funds across seed to growth stages in sectors spanning B2B, healthcare, digital tech scale-ups, and infrastructure/ESG. Founded in 1986, it was Spain's first registered venture capital manager (CNMV registry #1) and has committed more than €12 billion across its funds, having backed 280+ companies and funds to date.

Portfolio
16
Team
2
AUM
n/a
Rounds
23
SectorsGeneralist / sector-agnostic, Technology & digital scale-ups, Healthcare, B2B & commercial services, Infrastructure & ESG VC MapPublic & regional funds

Profile updated 17 Jul 2026

Team

Guillermo Jiménez Gallego
Managing Director (Director General)
—
Manuel Illueca Muñoz
Chairman (President)
No one in this group yet.
No one in this group yet.

Portfolio companies 16

Funding rounds 23

Tucuvi Care · Series A · €5M
AXIS, the ICO Group's venture arm, invested €5M in Tucuvi through Fond-ICO Crecimiento. Tucuvi makes LOLA, a Class IIb CE-certified voice AI…
2026-09-23
Qida · Other · €15M
Axis (ICO's VC arm) approved up to €15M in home-care company Qida via Fond-ICO Crecimiento, funding acquisitions of local operators, its AI-…
2026-07-08
KD · Other · €3.67M
Spain's state bank ICO, through its venture arm Axis, approved a €3.67 million investment in KD (formerly KDPOF), a Tres Cantos-based fables…
2026-05-14
Xoople · Other · €22M
Xoople, the Madrid-based 'EarthAI' company building an AI-native Earth observation constellation, closed a €22M capital increase that lifts …
2025-07-30
deepull · Series C · €50M
Barcelona-based medtech deepull closed an oversubscribed €50 million Series C co-led by Columbus Venture Partners, Panakès Partners and Méri…
2025-04-29
INBRAIN Neuroelectronics · Series B · $50M
Barcelona-based INBRAIN Neuroelectronics, an ICN2/CSIC spin-off developing graphene-based brain-computer interfaces for neurological conditi…
2024-10-29
Wallapop · Series G · €20M
Wallapop extended its last financing round with €20 million from AXIS through the public Fond-ICO Next Tech vehicle, joining Korelya Capital…
2024-02-28
Paack · Other · €10M
Spain's public Fond-ICO Next Tech, managed by Axis (ICO), invested €10 million in last-mile delivery company Paack, entering its cap table a…
2024-02-09
Trucksters · Series B · €33M
Madrid-based long-haul relay trucking operator Trucksters closed a €33M Series B, bringing total funding to €54M, with new backers Continent…
2023-06-12
Cabify · Other · $110M
Madrid-based ride-hailing and multimobility group Cabify said it had raised $110M (about €100M) with no stage disclosed and no valuation giv…
2023-03-28
DeepUll · Series B · €17M
Barcelona Science Park-based DeepUll, which develops culture-free molecular diagnostics for early sepsis detection, announced that Sabadell …
2023-03-01
DeepUll · Series B · €13M
DeepUll develops culture-free diagnostics for early sepsis detection. It raised a €13M Series B led by Innvierte (CDTI) together with an und…
2022-10-20
Cabify · Series E · $110M
Cabify announced $110M of new financing — a mix of equity and debt — to fund growth across more than 25 cities in Spain and Latin America, f…
2022-07-26
Satlantis · Series A · €7.5M
Final tranche of Satlantis' second (2021-22) capital increase, in which US group Encino Environmental Holdings (an investment vehicle backed…
2022-04-04
Satlantis · Series A · €16.5M
Satlantis makes high-resolution earth-observation cameras for small satellites. It closed its second investment round at €16.5M in total whe…
2021-11-25
Satlantis · Series A · €16.5M
Satlantis makes high-resolution earth-observation cameras for small satellites. It closed its second investment round at €16.5M in total whe…
2021-11-25
Satlantis · Series A · €2.5M
Extension of Satlantis' second investment round: CDTI entered the capital through its Innvierte co-investment instrument, alongside Enagás E…
2021-11-25
Satlantis · Series A · €14M
Satlantis' second investment round, with Enagás (via Enagás Emprende) and SEPIDES (SEPI group) named as the two main new investors and 2016 …
2021-04-14
Satlantis · Series A · €14M
Satlantis' second investment round, with Enagás (via Enagás Emprende) and SEPIDES (SEPI group) named as the two main new investors and 2016 …
2021-04-14
DeepUll · Series A · €3.5M
DeepUll is based at the Barcelona Science Park and is developing a rapid diagnostic system for early-stage sepsis. It closed a €3.5M Series …
2020-07-07
Satlantis · Seed · €2.35M
Satlantis' first investment round, raised from four large companies (Telefónica, everis-NTT, engineering firm IDOM and Basque investment veh…
2016-11
Volotea · Series B · €15M
Capital increase of €15M (€1.45M nominal plus €13.57M share premium) subscribed pro rata by the existing shareholders - CCMP Capital, Axis P…
2013-01-23
Volotea · Series A · €50M
Launch equity round of more than €50M raised before the airline's first flight (Venice, April 2012), led by US private equity firm CCMP Capi…
2012-02-17

News & media 9

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