Overview

What they do
Founded in 1986, AXIS Participaciones Empresariales operates as the wholly owned private equity and venture capital subsidiary of the Instituto de Crédito Oficial (ICO), a Spanish state-owned bank. AXIS plays a cornerstone role in the Spanish entrepreneurial ecosystem by channeling public capital into private venture funds and making direct co-investments in innovative startups, scale-ups, and infrastructure projects. The firm is highly regarded for its dual approach: acting as an anchor LP to strengthen the domestic VC industry through its massive "Fond-ICO Global" fund of funds, while simultaneously backing high-growth, deep-tech, and sustainable enterprises directly through specialized vehicles like FOND-ICOpyme and Fond-ICO Next Tech.
axispart.com
What they look for
AXIS aims to promote the growth, development, and internationalization of Spanish companies. Its primary objective is to foster innovation, generate employment, and attract international investors to Spain by combining public backing with private sector management expertise.
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Stage
Seed, Series A, Series B+
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Sectors
Deeptech, Healthcare, AI, Climate, SaaS
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Based
Madrid, ES
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Sources

2026-09-01axispart.comAXIS is a venture/private capital manager wholly owned by Instituto de Crédito Oficial (ICO).
2026-09-01axispart.comPromote the financing of Spanish SMEs through investment in private investment funds with a…
2026-09-01axispart.comHoldings and commitments in companies/funds specialising primarily in the digital and…
2026-09-01axispart.comC/ Los Madrazo, 38 2ª 28014 MADRID.
2026-09-01capital-riesgo.esAXIS will invest a maximum ticket of €100 million in Growth Capital funds, without exceeding…
2026-09-01axispart.comDirect investment in companies. Relación de empresas. Company... Cabify... Xoople...…

Portfolio, cheque size and the rest

The 6 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.

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