La Caixa launches new €23m fund

The fund will focus on Spanish SMEs and is part of the public-private financing Innvierte Program. It has already made its first investment at the beginning of November: Caixa Capital Risc injected €800,000 into Xtraice, a manufacturer and distributor of ecological synthetic ice.

Investors in the fund are understood to include CaixaBank (€12m), the Center for Industrial Technological Development (CDTI, €9m), and the Catalan Institute of Finance (ICF, €2m).

The fund will make investments in the €500,000-3m range. It will target sectors such as transportation, equipment and machinery, as well as the chemical and pharmaceutical industries.

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• Topics
• Venture
• Southern Europe
• Spain
• La Caixa