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ICO, through AXIS, participates in Creas Impacto, the first institutional impact investment fund in Spain

09 April 2019

  • The investment, of an amount of 5 million euros, will be made through the FOND-ICOpyme, which will channel a total of 50 million euros into the Sustainability Funds and Social Impact sector.

AXIS, the venture capital manager wholly owned by ICO, today signed for its €5 million share in Creas Impacto, Spain's first institutional impact investment fund with a target size of €30 million, which will support growing social enterprises.

This share is part of a new initiative launched by AXIS in 2019, of a target amount of 50 million euros and within the framework of the FOND-ICOpyme , to invest in Sustainability and Social Impact Funds, an area in which the Public sector has a clear leadership responsibility.  

The Axis investment in Creas Impacto is aimed at small- and medium-sized companies that focus on health and well-being, environmental sustainability, education and social innovation, whose activity has a measurable social impact.

Creas Impacto is Spain's first institutional impact investment fund and the first with European EuSEF (European Social Entrepreneurship Fund) regulations. The fund will invest in 15 social companies, with a ticket of between 1 and 4 million euros per company.

Creas is a hands-on investor that, in addition to being a member of its investees¿ board of directors, also acts as a support partner in financial, management and strategic decisions, while helping to manage and scale its impact model.

This AXIS action is part of the ICO Group's global strategy, which includes sustainability criteria in all its activities and investments in order to promote the development of a sustainable economy. In this regard, it is worth highlighting the recent launch of the ICO's first green bond issue amounting to 500 million euros, which will be used to finance activities, investments and projects by Spanish companies that contribute to environmental protection and the fight against climate change.

In addition to being a leading issuer and catalyst for the transition of the financial and venture capital sectors towards sustainable economic development, ICO promotes sustainability as a structuring and transversal axis in all its facets and as an essential part of Corporate Social Responsibility policies.

About AXIS  

AXIS is a venture capital company 100% owned by ICO. It has been operating in the venture capital market for over 30 years and makes capital and quasi-capital instruments available to companies to finance their growth. AXIS currently manages three funds: FOND-ICOpyme, which offers long-term support to companies in their expansion and growth plans, through direct investment, in co-investment with other professional investors or indirectly through funds; Fond ICO Global , a private capital fund of funds that preferentially invests in Spanish companies, at all stages of their development; and ICO Infrastructure Fund, which mainly aims to invest in transport, energy and environment and social infrastructures.

About Creas Impacto  

Creas Impacto is Spain's first institutional impact investment fund. It has a target size of 30 million euros and has already exceeded 23 million euros.  It plans to invest in 15 companies in their growth phase that have a positive impact inherent in their business model. With 10 years of experience, Creas is a pioneer in Spain's impact investment market and, currently, the reference investment in the Spanish market. The Creas team is a hands-on investor as it not only offers financial support to its investees, but also offers them access to a network of top-level professionals and management support.

Press Contacts:  

AXIS: Begoña Amores

      Tel.: 91.592.16.41, e-mail: begonia.amores@ico.es

Creas Impacto: Francisco Soler

       Tel. +34 618 526 661 e-mail: francisco.soler@creas.org.es