About This Fund
CDTI Innvierte is Spain's national venture capital co-investment programme, implemented through Innvierte Economía Sostenible SICC S.M.E., S.A., a closed collective investment company fully owned by CDTI Innovación (Centro para el Desarrollo Tecnológico y la Innovación), Spain's innovation agency under the Ministry of Science, Innovation and Universities. Launched in 2012, the programme has deployed over €384 million across more than 20 investment vehicles and into more than 250 innovative Spanish technology companies, making it one of the largest public venture capital initiatives in Southern Europe. The programme operates as a regulated entity supervised by Spain's National Securities Market Commission (CNMV).
CDTI Innvierte pursues a dual strategy of fund-of-funds co-investment and direct technology company investment. Since 2019, the programme has partnered with CNMV-regulated venture capital entities, co-investing alongside private VC managers to support technology-based Spanish companies at various stages of growth. The programme also invests directly in technology transfer vehicles and high-growth strategic enterprises through dedicated sub-programmes, including the Innvierte Deep-Tech and Tech Transfer fund, and the Strategic Enterprise Investment line launched in 2022. Target investments span software, biotechnology, advanced manufacturing, and deep technology sectors, with a mandate to improve the commercialisation of research and help Spanish technology companies scale to international markets.
CDTI Innvierte has maintained a steady deployment pace, allocating €126.5 million across 13 new co-investments and one investment vehicle in a recent two-month period alone. Notable recent transactions include backing for Next Technology Ventures II focused on critical energy transition solutions, and a €30 million commitment to the Innvierte Deep-Tech fund targeting paediatric health innovation. By partnering with leading Spanish and European venture capital managers, CDTI Innvierte aims to crowd in private capital, bridge Spain's technology commercialisation gap, and build a sustainable national innovation ecosystem underpinned by rigorous public sector governance and CNMV supervision.