Biscay Anchor Fund (BAF), promoted by Bizkaia Seed Capital, and established in February 2022, is making steady progress in its mission to attract specialized venture capital investment to Bizkaia through an anchor co-investment model. Under this scheme, selected funds commit to investing three times the amount received from the vehicle within the territory, thereby strengthening the inflow of strategic capital and fostering the development of high-impact projects.
Since its launch, BAF has formalized investment commitments totaling €6.86 million with thirteen national and international funds, 50% of which has already been deployed. These funds operate in sectors that are key to Bizkaia’s competitiveness, including the food industry and its transformation, healthcare, cybersecurity, enabling technologies, decarbonization, impact investing, and other fields linked to innovation and the sustainable transition.
The activity generated by the funds integrated into BAF has produced a direct impact exceeding €60 million, channelled into 18 companies based in the territory. These investments have contributed to their growth, international expansion, and technological consolidation, demonstrating the effectiveness of the anchor model as a tool to strengthen Bizkaia’s business ecosystem.
In recent months, BAF has expanded its portfolio with new commitments to a healthcare-focused fund and an impact fund, reinforcing its commitment to high value-added sectors. In addition, an investment has been completed in a venture builder aimed at the creation and launch of new startups in Bizkaia, supporting the generation of projects from their earliest stages.
The fund continues to maintain an active deal flow with several operations currently under analysis, with the objective of further broadening its sectoral reach and consolidating its role as a catalyst for investment and economic development in Bizkaia.
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