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ICF Capital

ICF Capital

Barcelona, Spain·Founded 2010··icf.cat

ICF Capital, formally Institut Catala de Finances Capital SGEIC, is the direct equity and venture capital arm of the Institut Catala de Finances, the public finance institution wholly owned by the Government of Catalonia, and it invests equity in Catalan companies from seed to private equity through vehicles such as ICF Capital Expansio II and ICF Venture Tech II.

AUM
Funds
2
vintages 2019
Portfolio
17
Exits
3

Key facts

HQBarcelona, Spain
Founded2010
Websiteicf.cat

Recent exits

Semillas Batlle
Semillas Batlle
Agriculture2026 · 6yr hold
Ray
Mobility2024 · 4yr hold
BuildAir
Industrials2022 · 4yr hold

Coverage notes

2 funds tracked, 20 portfolio companies (17 active · 3 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

20 companies
Industrials
5 · 25%
SaaS
3 · 15%
Consumer
2 · 10%
Fintech
2 · 10%
Agriculture
1 · 5%
LegalTech
1 · 5%
PropTech
1 · 5%
MedTech
1 · 5%

Funds & portfolio

Every fund ICF Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
ICF Capital Expansió IIGrowthHarvesting
2019 · 7yr€50M6 active · 2 realized

Unrealized

6 held
ConsumerSpain· Entry 2018
Grup BoixActive
IndustrialsSpain· Entry 2023
PastisartActive
ConsumerSpain· Entry 2020
PMPActive
IndustrialsSpain· Entry 2022
Reyes Varó
Reyes VaróActive
IndustrialsSpain· Entry 2018
IndustrialsSpain· Entry 2022

Realized

2 exits
BuildAirExited 2022
IndustrialsSpain· Entry 2018
Semillas Batlle
Semillas BatlleExited 2026
AgricultureSpain· Entry 2020
Secondaryto
ICF Venture Tech IIVCHarvesting
2019 · 7yr€20M11 active · 1 realized

Unrealized

11 held
Bigle Legal
Bigle LegalActive
LegalTechSpain· Entry 2021
Goin
GoinActive
FintechSpain· Entry 2020
HarmonixActive
SaaSSpain· Entry 2025
Housfy
HousfyActive
PropTechSpain· Entry 2022
MedTechSpain· Entry 2021
Kintai
KintaiActive
FintechSpain· Entry 2023
LodgifyActive
SaaSSpain· Entry 2022
Quside
QusideActive
CybersecuritySpain· Entry 2023
Top DoctorsActive
HealthTechSpain· Entry 2021
BiotechSpain· Entry 2019
Zinklar
ZinklarActive
SaaSSpain· Entry 2019

Realized

1 exit
RayExited 2024
MobilitySpain· Entry 2020
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Last updated August 2026 · Sourced from public filings · Report an issue