Spanish Agency for International Development Cooperation (AECID)

What they do

AECID is a public law entity attached to the Ministry of Foreign Affairs, European Union and Cooperation of Spain, serving as the cornerstone of the Spanish Cooperation system. Through its financial arm, FONPRODE, AECID acts as a sovereign impact investor, deploying capital into developing countries via blended finance, microfinance support, and investments in private equity and venture capital impact funds. It emphasizes "Feminist Cooperation" and climate resilience, often co-investing with the European Union, World Bank, and COFIDES.

What they look for

AECID’s stated mission is to eradicate poverty, reduce social inequality, promote gender equality, defend human rights, and foster sustainable human development in impoverished countries. Through FONPRODE, it seeks to build the social and productive fabric of developing nations by financing MSMEs, smallholder farmers, and sustainable infrastructure. They look for high-impact projects, financial institutions, and investment funds that strictly align with the UN Sustainable Development Goals (SDGs), prioritizing initiatives that create stable jobs, increase the income of vulnerable populations, and drive digital or green transitions.

Stage

Series B+

Sectors

Food and agriculture, Fintech, Climate, Healthcare, SaaS

Based

Madrid, ES