ICF Capital
VC Fund
Barcelona, Spain
ICF Capital is a venture and growth capital management firm from ICF. ICF is a public financial institution founded in 1985 and owned by the Government of Catalonia. Our mission is to foster and improve access to funding for companies that operate in Catalonia in order to contribute to the growth of the region's economy while complementing the private financial sector. ICF provides funding to Catalan companies and entrepreneurs. They assist them in their development and growth, generating value for society at large. The institution offers companies a range of products and services in the area of corporate finance, focusing on loans and guarantees and venture capital investments. ICF operates via a parent company, two subsidiaries (IFEM and ICF Capital), and an investee (AVALIS). ICF, through IFEM, supports the creation and growth of innovative start-ups through the investment in venture capital funds for seed segments and co-investment with private investors through participative loans. ICF Capital, which manages closed-end UCITS and is authorized by Spain's National Securities Market Commission (CNMV), manages, nurtures, and advises public and/or private funds or venture capital firms that provide capital to Catalan companies. At present, ICF Capital directly manages 2 venture capital firms: ICF Capital Expansió II and ICF Venture Tech II.
- Total investments:
- 117
- Last investment:
- Lead investor:
- 22%
- Fund size:
- $44M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries ICF Capital invests in
Stages ICF Capital invests in
Countries ICF Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.2M–$7.6M
- Debt Financing
- $110k–$1.7M
- Venture - Series Unknown
- $560k–$6M
Investment Focus
Industry
- Software 23 (20%)
- Health Care 13 (11%)
- Artificial Intelligence 13 (11%)
- Biotechnology 12 (10%)
- E-Commerce 10 (9%)
Stage
- Debt Financing 62 (53%)
- Venture - Series Unknown 9 (8%)
- Seed 7 (6%)
- Series A 7 (6%)
- Series B 5 (4%)
Country
- Spain 84 (72%)
- United States 4 (3%)
- Mexico 2 (2%)
- Germany 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Adrià Torrelles
Investment Director (Growth Division)
|
Investment Director (Growth Division) | Total investments: 1 | Find email | |
|
Emilio Gómez Jané
Investment Director (Venture Division)
|
Investment Director (Venture Division) | Total investments: 6 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Flavii Therapeutics is a biotechnology company that develops epigenetic therapies for central nervous system disorders with high unmet medical need. Flavii’s lead program, FLVA-27, is a first-in-class small-molecule inhibitor of G9a, a key epigenetic regulator of brain function. FLVA-27 demonstrates exceptional brain penetration, favorable PK/PD properties, and a robust safety profile. | $944.5K / Pre-Seed / Oct 09, 2026 | ||
| Covides is a prominent Spanish wine cooperative that integrates grape production, vinification, and international commercial distribution for local winegrowers. | $2.1M / Debt Financing / Jul 30, 2026 | ||
| Kintai's a lending platform aiming to help small and medium companies with their funding needs. Based on a merchant cash advance model, companies can return their loans on a daily basis with low frictionless amounts. | $11.4M / Series A / Jul 13, 2026 | ||
| ATTSU is a machinery manufacturing company that offers steam boilers and thermal oil boilers for industrial purposes. | $9.2M / Debt Financing / Mar 30, 2026 | ||
| Salicru offers energy optimization and protection of technological equipment that causes incidences in the electrical supply. | $3M / Debt Financing / Jan 27, 2026 | ||
| LINDE + WIEMANN specializes in the manufacture of structural parts for vehicle construction, including the front end, cockpit and chassis. | $2.9M / Debt Financing / Dec 03, 2025 | ||
| Grupo Construcía is a corporation that specializes in building infrastructure for companies | $1.7M / Debt Financing / Nov 26, 2025 | ||
| Qida is a home care company that offers expert, personalized, and humane in-home care for elderly or dependent people. This procedure is carried out in accordance with the Individualized Work Plan (PTI), a comprehensive plan that incorporates the major international assessment scales in the health and social fields. Qida is a social impact entitythat selects the best caregiver and also accompanies the person cared for and their family throughout the process through the figure of the Social Reference. | $42.5M / Series B / Nov 04, 2025 | ||
| Bookline is the leading travel-tech company in conversational artificial intelligence for the hospitality sector in Europe and LATAM, covering restaurants, hotels, campings, and mobility. With over 1,500 clients across 16 countries and a team of more than 50 employees, we have established ourselves as a key player in the digital transformation ofthe tourism industry. | $4.1M / Series A / Sep 30, 2025 | ||
| Visoren is a rented housing facility company that aims to build, promote and manage rented housing for citizens. | $17.8M / Debt Financing / Sep 22, 2025 | ||
| See all 117 investments → | |||
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FAQ
What does ICF Capital invest in?
ICF Capital invests primarily in Software, Health Care and Artificial Intelligence startups, most often at Debt Financing and Venture - Series Unknown stage. Most of the 117 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does ICF Capital invest in?
ICF Capital typically joins rounds of $1.2M–$7.6M at Seed, $110k–$1.7M at Debt Financing and $560k–$6M at Venture - Series Unknown. These are whole funding-round sizes, not ICF Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds ICF Capital took part in.
How do I contact ICF Capital?
Public channels for ICF Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at ICF Capital?
The team at ICF Capital includes Adrià Torrelles (Investment Director (Growth Division)) and Emilio Gómez Jané (Investment Director (Venture Division)). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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