Sodical

A board of directors makes the decisions. The Castilla y León regional development agency holds the chair and vice-chair. Iberdrola, Grupo Antolin, Ibercaja Banco, Nicolás Correa and Pastas La Carolina each occupy a board seat, so investment policy is shaped jointly by the public mandate and the industrial shareholders.

Sodical operates the financial instrument for business innovation capitalization under the Castilla y León FEDER 2021-2027 program. Its capital comes from the regional operational program's EU structural funds, complemented by the balance sheets of its industrial and financial shareholders. No standalone AUM figure is publicly disclosed.

Yes. The mandate requires the target company to maintain a physical or operational presence in Castilla y León. This geographic restriction is embedded in the firm's bylaws and its FEDER funding conditions.

The firm takes minority equity stakes and issues participatory loans — quasi-equity instruments that reward revenue or profit growth. It also provides medium- and long-term ordinary loans to companies already in its portfolio, giving it a flexible toolkit beyond standard venture equity.

Sodical covers early-stage seed and start-up rounds, expansion and late-stage growth, as well as general venture. The unifying criterion is viability and profitability potential within Castilla y León, rather than a strict stage boundary.

Sodical does not publish an exclusion list. Its stated criteria — viability, profitability and location — filter out companies without a regional operating footprint or whose business model cannot support its loan-plus-equity repayment structure.

The regional development agency, Instituto para la Competitividad Empresarial de Castilla y León, is the majority public shareholder and holds the presidency of the board. Sodical is the designated implementer of the region's FEDER-backed business innovation instrument, so its policy objectives align with the regional government's industrial strategy.