Prime Highlight
- Índico Capital Partners launched its sixth fund, Indico VC Fund III, aiming to raise €125 million.
- The fund received a €30 million anchor commitment from the European Investment Fund, signaling strong confidence in its strategy.
Key Facts
- Índico has invested over €123 million in 53 companies, which raised more than €2.5 billion globally.
- The new fund will invest in Seed to Series B tech companies, focusing on AI, SaaS, Deep Tech, spacetech, and oceantech.
Background
Índico Capital Partners has launched its sixth investment fund, Indico VC Fund III, aiming to raise €125 million. This move strengthens its role in Europe’s growing technology ecosystem. The fund has already secured a major boost with a €30 million anchor commitment from the European Investment Fund (EIF), part of the European Investment Bank Group that supports small and medium-sized businesses across the region.
Based in Portugal, Índico Capital Partners is an independent venture capital manager known for backing global and sustainable technology companies linked to Southern Europe. Since its launch in 2019, the firm has invested more than €123 million in 53 companies, which have together raised over €2.5 billion from international investors.
The new fund will keep this momentum by investing in innovative tech companies from Portugal, Spain, and Italy. It will also look at opportunities involving founders from these countries who have moved to major markets such as the US and UK. Investments will cover stages from Seed to Series B, with a strong focus on enterprise SaaS, artificial intelligence, Deep Tech, and businesses working in spacetech and oceantech.
Stephan de Moraes, Managing General Partner at Índico, said the EIF’s support highlights long-term confidence in the firm’s strategy. He stated that Índico is well placed to spot strong global companies and help them scale by connecting Southern European talent with international capital.
The EIF’s investment aligns with the EIB Group’s 2024–2027 Strategic Roadmap, which emphasises technological innovation and digital growth. The fund also receives backing from InvestEU, the EU programme aimed at mobilising over €372 billion by 2027, and Portugal Blue, an initiative that supports the country’s expanding blue economy.
