Caixa Capital Risc backs Xtraice with €800,000

The investment was made through Caixa's latest fund, Caixa Innvierte Industria, which focuses on industrial technology companies and holds capital commitments totalling €23m. The fund backs firms headquartered in Spain operating in industrial technology, with plans for international expansion.

The capital injection will support Xtraice's plans for market consolidation and its growth strategy, which aims to quadruple sales figures in the next four years.

Company
Founded in 2003 and based in Seville, Xtraice develops and manufactures synthetic ice. To date, the firm has sold more than 240 ice rinks, installed in 52 countries across 5 continents. Clients include DisneyLand Paris and NHL Miami Panthers.

People
Carlos Trenchs is director of Caixa Capital Risc.

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