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ICF Capital
The Institut Català de Finances was created in 1985 by the Government of Catalonia. Vanessa Servera i Planas serves as CEO and chairs the capital arm.
ICF Capital
The Institut Català de Finances was created in 1985 by the Government of Catalonia. Vanessa Servera i Planas serves as CEO and chairs the capital arm. The structure operates as a public development bank with a mandate to support Catalan economic activity. ICF Capital deploys across venture capital funds and direct equity. It targets seed through growth stages in technology, biotechnology, and real estate. Confirmed holdings include Quside, Housfy, Lodgify, Top Doctors, Inbrain Neuroelectronics, Pastisart, and PMP. Activity centers on Catalonia with additional exposure across Spain. Co-investors include Caixa Capital Risc. The firm reports approximately 2.9 billion USD in assets. It maintains a headquarters in Barcelona and participates in industry groups such as ELTI and EAPB. Vanessa Servera i Planas also serves as trustee of Fundació Catalunya Cultura and the Institut d'Estudis Financers. In May 2024 the firm sponsored the EAPB General Assembly in Barcelona. ICF Capital functions as the dedicated investment vehicle of a regional public bank. Its sourcing occurs through government networks and local company relationships rather than open LP commitments.
General information
Firm type
Government / Public Body
Year founded
1985
Location
Region
Europe
Country
Spain
City
Barcelona
Corporate office
Gran Via de les Corts Catalanes 635, 08010 Barcelona, Spain
Principals
Vanessa Servera i Planas
CEO of ICF and Chair of ICF Capital
Sector focus
Frequently asked questions
Who runs investment decisions at ICF Capital?
Vanessa Servera i Planas serves as CEO of the Institut Català de Finances and Chair of ICF Capital. Decisions follow the mandate set by the Ministry of Economy and Finance of Catalonia.
Does ICF Capital participate in fund commitments or only direct deals?
ICF Capital commits to venture funds and makes direct equity investments. Positions are held through vehicles such as ICF Venture Tech II and ICF Capital Expansió II.
What investment stages does ICF Capital typically target?
The firm focuses on seed, start-up, and expansion stages. Ticket sizes range from 0.11 million to 5.4 million USD.
Where does the underlying capital come from?
ICF Capital is 100 percent owned by the Government of Catalonia. It operates as a state-owned promotional bank.
Which sectors does ICF Capital explicitly prioritize?
Priority sectors include information technology, biotechnology, software, and real estate technology. Holdings span cybersecurity, medtech, and food and beverage.
How is ICF Capital related to the Government of Catalonia?
The Institut Català de Finances was founded by the regional government and remains fully owned by it. The entity reports through the Ministry of Economy and Finance.
Does ICF Capital maintain co-investment relationships?
Yes. Frequent co-investors include Caixa Capital Risc. The firm also partners with the European Investment Bank and European Investment Fund.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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