Lisbon-based Índico Capital Partners introduced at present the launch of its sixth fund, Indico VC Fund III, with a capital goal of €125 million so as to spend money on early-stage expertise firms throughout Portugal, Spain and Italy.
The fund has efficiently secured an anchor dedication of €30 million from The European Funding Fund (EIF), the arm of the European Funding Financial institution Group (EIB Group) specialised in fairness investments in SMEs and mid-cap.
Stephan de Moraes, Managing Basic Associate at Índico, mentioned: “We’re extremely proud to launch the third era of Índico funds, with Indico VC Fund III. Securing the anchor dedication from the EIF, our main LPs in earlier funds, reveals robust institutional assist for Índico’s technique of backing world-class groups creating world class winners and is a powerful validation of our observe report and technique to deal with Enterprise SaaS, AI, and DeepTech throughout Southern Europe and its diaspora.”
The launch of Indico VC Fund III comes towards a transparent upswing in European VC exercise in DeepTech, AI and software program. That development is seen in a number of notable 2025 funding strikes tracked by EU-Startups:
These developments present that Indico’s new fund is a part of a broader move of capital into tech-enabled, high-innovation segments throughout Southern Europe and past.
Armilar’s Iberia-focused fund and Future Vitality Ventures’ pan-European CleanTech automobile each mirror related investor confidence in early-to-growth-stage DeepTech, SaaS and AI firms – the identical sectors Indico targets.
Indico VC Fund III subsequently seems well-positioned to leverage rising momentum in European DeepTech and SaaS funding.
“We’re strategically positioned to establish and scale one of the best world firms, leveraging the area’s prime expertise and bringing them into the worldwide capital highlight. We imagine that by offering good capital and hands-on assist, we’re really shaping the subsequent wave of European technological management at a worldwide scale,” provides de Moraes.
Based in 2017, Índico Capital Companions is an unbiased VC fund supervisor, investing in Southern European associated world and sustainable expertise firms. Índico funds spend money on DeepTech, software program as a service, marketplaces, AI, SpaceTech, FinTech, cybersecurity and ocean associated firms.
Índico ́s vary of investments goes, largely, from Seed to Collection B (€500k and €10 million) in Portuguese, Spanish and Italian associated startups.
Indico VC Fund III will primarily focus its funding technique on modern expertise firms in-built Portugal, Spain, and Italy, whereas additionally actively searching for alternatives with firms from these international locations at present positioned within the US, UK and elsewhere.
Marjut Falkstedt, EIF Chief Government says: “We’re excited to affix forces with Índico Capital Companions to assist the colourful ecosystem of technological innovators in Portugal, Spain and Italy. By way of this operation the EIF will assist fairness investments in firms which might be making a distinction in AI, deeptech and blue economic system.”
Índico Capital Companions at present manages over €240 million in AUM throughout 5 funds and has supported 53 firms that collectively have raised greater than €2.5 billion.
