Índico Capital Partners has launched its sixth fund, Indico VC Fund
III, with a target size of €125 million. The fund has secured a €30 million
anchor commitment from the European Investment Fund (EIF), a part of the
European Investment Bank Group (EIB Group) focused on equity investments in
small and medium-sized enterprises (SMEs) and mid-cap companies.
Índico Capital Partners is an independent venture capital fund
manager based in Portugal, focused on investing in global and sustainable
technology companies with a connection to Southern Europe.
Its funds invest in
areas such as deep tech, software as a service, marketplaces, artificial
intelligence, space technology, fintech, cybersecurity and ocean-related
businesses. Since 2019, Índico has invested over €123 million in 53 companies,
which together have raised more than €2.5 billion from global investors.
Indico VC Fund III will focus on innovative technology companies
originating from Portugal, Spain and Italy, while also considering
opportunities involving companies from these countries that are currently based
in the US, UK or other markets.
The fund will target investments from Seed to
Series B stages, with a particular emphasis on enterprise SaaS, AI, Deep Tech
and companies operating in the spacetech and oceantech sectors.
Stephan de Moraes, Managing General Partner at Índico, noted that
the EIF’s anchor commitment, building on its role as a major limited partner in
previous funds, reflects solid institutional confidence in Índico’s approach of
supporting top-tier teams aiming to build global category leaders. He added
that it also reinforces the firm’s track record and its strategic focus on
enterprise SaaS, AI and Deep Tech across Southern Europe and its diaspora:
We are strategically positioned to identify and scale the best
global companies, leveraging the region’s top talent and bringing them into the
international capital spotlight. We believe that by providing smart capital and
hands-on support, we are truly shaping the next wave of European technological
leadership at a global scale.
The EIF investment aligns with the EIB Group’s core strategic
priority of promoting technological innovation and digitalisation, as outlined
in the EIB Group 2024–2027 Strategic Roadmap.
The transaction is supported by
InvestEU, an EU programme aiming to mobilise over €372 billion in investment by
2027, and by Portugal Blue, a programme designed to strengthen Portugal’s blue
economy by providing equity funding to start-ups, SMEs and mid-cap companies.