Institut Català de Finances

icf.cat ↗ ·Barcelona ·Invests Seed – Series B

Institut Català de Finances (ICF) is the Barcelona-based public financial institution of the Government of Catalonia, founded in 1985, which supports Catalan companies through loans, guarantees and venture capital. Its venture capital activity runs through direct instruments for innovative start-ups (IFEM Innovació, IFEM Prova de Concepte and ICF Venture Tech), growth capital, and fund-of-funds commitments to independent venture capital and private equity managers. It invests mainly in ICT and digital companies, and selectively in health sciences, from early stage through Series A and Series B. In October 2025 it launched Catalunya Lidera, a €285M umbrella fund focused on health technology transfer, deeptech and advanced technologies, bringing its venture capital resources to €645M. Over two decades of venture capital activity, ICF has backed around 450 Catalan companies with roughly €730M invested.

Date	Company	Round	Amount	Lead
2026-11-03	VICIO	Venture Debt	€25M	Banco Santander +4 more
2026-10-29	ALLOX	Seed	€9.4M	Asabys Partners (Sabadell Asabys II) +2 more
2026-09-14	Open Cosmos	Series C	€300M	Lightrock (estimated lead) +17 more
2026-07-13	Kintai	Series A	€10M	Barlon Capital +3 more
2026-07-02	Wallbox	Post-IPO	approximately €11.8M	Lead unknown +4 more
2026-03-24	Peptomyc	Series A (estimated)	€5.7M	Alta Life Sciences, AurorA Science +4 more
2026-02-23	D-Sight	Seed	€2M	Clave Capital +3 more
2025-11-06	HealthTech Innovations	Public Loan	—	Institut Català de Finances (IFEM Prova de Concepte)
2025-11-04	Qida	Series B (estimated)	€37M	Quadrille Capital +7 more
2025-09-30	Bookline	Series A	€3.5M	ICF Capital +2 more
2025-05-14	Circular Partners	No stage disclosed	€1.2M	ICF Capital
2025-04-03	Harmonix	Series A (estimated)	€3.2M	4Founders Capital +3 more
2025-03-03	Reinforce3D	Seed	€1.2M	BeAble Innvierte KETs Fund (BIKF) +2 more
2024-12-09	Tesai Care	Seed (estimated)	€2.77M incl. debt: equity and debt, the split was not disclosed	Lead not disclosed +3 more
2024-07-23	Exoticca	Series D	€60M	Quadrille Capital +7 more
2024-05-28	Vytrus Biotech	Post-IPO	€2.3M	Boyser +3 more
2024-01-24	Permisso	Public Loan	—	ENISA, Institut Català de Finances
2023-11-02	Brickbro	Series A	$5M incl. debt: equity and debt, the split was not disclosed	Torsa Capital +4 more
2023-10-25	Piper AI	Public Loan	€500K	ENISA, Institut Català de Finances
2023-09-28	Globick	Seed (estimated)	€1.4M	Lead not disclosed +6 more
2023-07-26	Cooltra	Venture Debt	€22M	Santander Corporate & Investment Banking +5 more
2023-04-19	Nutual	Public Loan	—	Institut Català de Finances (ICF)
2023-02-06	Harmonix	Series A (estimated)	€3M	K Fund +6 more
2023-01-24	Kintai	Seed	€2.5M incl. debt: equity and debt, the split was not disclosed	Institut Català de Finances +1 more
2022-11-30	Quside	Series A	€10M	Trumpf Venture, Bullnet Capital +3 more
2022-11-03	Lodgify	Series B	$30M	Octopus Ventures +5 more
2022-07-07	Weecover	Public Loan	€200K	Institut Català de Finances
2022-05-11	Housfy	Series B	€30M	Frog Capital +6 more
2022-03-24	TECNIC Bioprocess Solutions	No stage disclosed	€2.5M	ICF Capital
2022-01-26	Vytrus Biotech	No stage disclosed	€2.4M	Zamit Capital +3 more
2021-11-17	Amphora Logistics	Public Loan	—	ENISA, Institut Català de Finances (ICF)
2021-10-14	Top Doctors	Series B	$13M	Lead not disclosed +2 more
2021-10-06	Bigle	Seed (estimated)	€2M	Adara Ventures, ICF Venture Tech II (Institut Català de Finances) +2 more
2021-05-06	Classpack	No stage disclosed	€1M	Lead unknown +1 more
2021-01-21	Inbiomotion	No stage disclosed	—	Alta Life Sciences +1 more
2021-01-12	Paymefy	Public Loan	€500K	Institut Català de Finances, ENISA
2020-12-10	Ray Electric Motors	Seed (estimated)	€2.5M	Lead not disclosed +2 more
2020-06-11	INBRAIN Neuroelectronics	Seed	approximately €1M	Asabys Partners, Alta Life Sciences +3 more
2020-03-12	Lince Works	Public Loan	€500K	Institut Català de Finances (ICF), Institut Català de les Empreses Culturals (ICEC)
2020-03-03	Aquí tu Reforma	Seed (estimated)	€700K	Lead not disclosed +2 more
2020-02-11	Vytrus Biotech	Public Loan	€0.5M	ICF Venture Tech II (Institut Català de Finances)
2020-01-28	Enertika	Public Loan	€600K	ENISA, Institut Català de Finances (ICF)
2020-01-28	Enertika	Series A (estimated)	€1.5M	SUSI Partners +3 more
2020-01-02	Zinklar	Seed (estimated)	€500K	Institut Català de Finances (ICF Venture Tech II)
2019-11-04	Aizon	Series B	$15M	Lead not disclosed +6 more
2019-09-05	Aquí tu Reforma	Seed (estimated)	€650K	Lead not disclosed +3 more
2019-03-28	Rentuos	Public Loan	—	Institut Català de Finances
2018-06-22	Science Bits	Series B	€2.5M	Athos Capital, Capitana Venture Partners, Institut Català de Finances (ICF) +3 more
2017-10-06	Enertika	Series A	€5M	Caixa Capital Risc +1 more
2017-09-20	Roomonitor	Seed	€650K	OceanicIdeas +2 more
2015-08	Agile Content	No stage disclosed	€5.3M	Lead not disclosed +1 more
2015-01-23	Minoryx Therapeutics	Seed (estimated)	€2.4M	Caixa Capital Risc +4 more
2014-09-24	Nanogap	Seed (estimated)	€2.2M	Caixa Capital Risc +5 more

Published	Article
2026-11-02	Dealflow #533: Gameto (Varsavsky) $1.4B deal. Lightspeed's 3rd investment in Spain (XploreAI). Perk expects $450M in revenue this year. ↗ Dealflow.es +1 source 2 reportsfirst 2026-11-02 Dealflow #533: Gameto (Varsavsky) $1.4B deal. Lightspeed's 3rd investment in Spain (XploreAI). Perk expects $450M in revenue this year.Dealflow.es · 2026-11-02↗ Dealflow #533: Gameto-Varsavsky $1.4B deal, Lightspeed's 3rd investment in Spain (XploreAI), Perk expects $450M in revenue this yearDealflow.es · 2026-11-02↗ 2026-11-02
2026-10-29	ALLOX capta €9,4 millones en una seed liderada por Asabys, con la participación de CDTI e ICF ↗ Capital-Riesgo.es 2026-10-29
2026-10-15	Universal Quantum and NetBird backer Nauta secures €60M first close for Fund VI ↗ Tech Funding News +4 sources 5 reportsfirst 2026-10-15 Universal Quantum and NetBird backer Nauta secures €60M first close for Fund VITech Funding News · 2026-10-15↗ Nauta Capital lanza su sexto fondo con un primer cierre de 60 millones y el respaldo del British Business BankPress Digital (Agencias) · 2026-10-15↗ Nauta Capital launches its sixth fund with a first closing of 60 million supported by the British Business BankDemócrata · 2026-10-15↗ Nauta Capital estrena su sexto fondo con 60 millones de euros y el apoyo del British Business BankEl Correo Gallego (El Periódico) · 2026-10-15↗ Nauta launches its sixth fund with a €60M first close to back European B2B software and deep tech companiesCapital-Riesgo.es · 2026-10-15↗ 2026-10-15
2026-09-29	Peptomyc cierra una ronda de financiación de 5,7 millones de euros con la entrada del ICF en su accionariado ↗ Capital-Riesgo.es 2026-09-29
2026-09-29	El ICF lanza Lidera Impuls Pime, un nuevo fondo de 70 millones para acelerar el crecimiento, la internacionalización y el relevo generacional de las pymes catalanas ↗ Capital-Riesgo.es 2026-09-29
2026-09-21	Open Cosmos, Exein y Fever, protagonistas de las rondas ↗ Forbes España 2026-09-21
2026-09-14	Open Cosmos Reaches $1B Unicorn Valuation Following $348M Series C Round ↗ SatNews +9 sources 10 reportsfirst 2026-09-14 Open Cosmos Reaches $1B Unicorn Valuation Following $348M Series C RoundSatNews · 2026-09-14↗ Open Cosmos cierra una ronda de 300 millones para acelerar la inteligencia espacial en tiempo realVIA Empresa · 2026-09-14↗ Open Cosmos raises €300 million to accelerate real-time intelligence and connectivity from spaceGlobeNewswire (press release) · 2026-09-14↗ Open Cosmos secures €300M to expand satellite intelligence and connectivityTech.eu · 2026-09-14↗ Open Cosmos levanta €300M: la mayor ronda de 2026 en EspañaEl Ecosistema Startup · 2026-09-14↗ Open Cosmos cierra una ronda de financiación de 300 millones para la conectividad desde el espacioPress Digital · 2026-09-14↗ Open Cosmos raises 300 million in a mega-round that consolidates the economic weight of Catalan spaceThe New Barcelona Post · 2026-09-14↗ Open Cosmos capta 300 millones para liderar la nueva conectividad espacialDemócrata · 2026-09-14↗ Open Cosmos consolida su liderazgo en la industria espacial tras captar 300 millones de eurosCatalunya Press · 2026-09-15↗ Open Cosmos (infraestructura satelital) cierra una ronda de €300M liderada por inversores europeos. Participa A&G y el ICFWebcapitalriesgo · 2026-09-15↗ 2026-09-14
2026-04-05	The long and winding road to the Catalan public bank ↗ Ara (English edition) 2026-04-05
2026-03-27	ICF posts a record year: €1 billion in activity driven by lending to businesses ↗ EAPB (European Association of Public Banks) 2026-03-27
2025-10-17	The ICF strengthens its investor role in Catalonia and increases to €645 million the resources allocated to venture capital projects ↗ Capital-Riesgo.es +1 source 2 reportsfirst 2025-10-17 The ICF strengthens its investor role in Catalonia and increases to €645 million the resources allocated to venture capital projectsCapital-Riesgo.es · 2025-10-17↗ The ICF increases resources for venture capital projects to 645 million eurosAra (English edition) · 2025-10-17↗ 2025-10-17
2025-10-06	Las rondas de la semana: Bookline, Reveni, Emblematic… ↗ Forbes España 2025-10-06
2025-07-29	New government attempt to turn the ICF into a public bank ↗ Ara (English edition) 2025-07-29
2025-07-11	Spain: EIB and ICF sign €100 million loan to back small businesses' investments in sustainability and climate change adaptation and mitigation ↗ European Investment Bank (press release) 2025-07-11
2025-06-16	EIF and ICF sign a guarantee agreement to mobilise €114 million for innovation and digitalisation projects thanks to the Next Generation EU funds ↗ ICF.cat (press room) 2025-06-16
2025-03-13	El ICF dispara su actividad un 32% hasta los 847 millones de euros en 2024 ↗ VIA Empresa 2025-03-13
2024-07-23	The ICF creates a new venture capital fund endowed with €40 million to promote technological and innovative companies in consolidated phases of growth ↗ Capital-Riesgo.es 2024-07-23
2024-03-04	EIF, ICF and Grow Venture Partners sign agreement to set up the Fondo de Inversión en Tecnología Avanzada (FITA) ↗ European Investment Fund (EIF) 2024-03-04
2023-11-27	ICF y Tech Barcelona se alían para impulsar la economía digital ↗ Crónica Global (El Español) 2023-11-27

Institut Català de Finances

Team

Portfolio companies 52

Funding rounds 39

Often invests with 58

News 18