One year after the launch of its venture debt fund, CaixaBank reaffirms its commitment to the technology company ecosystem, reaching €30 million through seven transactions that have contributed to the growth of innovative scale-ups across different industry verticals.
This instrument, launched in December 2024 with an initial allocation of €150 million, has allowed CaixaBank to make a strong entry into the alternative financing segment for technology-based companies. The transactions, structured as loans with flexible terms and the possibility of equity participation, have proven to be an effective tool to support companies during their expansion phases. With the consolidation of this instrument, CaixaBank reaffirms its role as a strategic partner for technology companies, driving their growth in both domestic and international markets.
The fund is part of CaixaBank’s strategy to position itself as a reference bank for the innovation economy, complementing its offering alongside the Added Value alternative debt fund, through which the bank provides additional financing to companies.
Technology-based scale-ups and start-ups
The vehicle targets technology-based scale-ups and start-ups in Spain and Portugal, with investments ranging from €1 million to €15 million per transaction. The deals are structured as loans, either bilateral or syndicated, with a maximum repayment term of 48 months and up to 18 months of grace period. The bank may also have the option to take equity in the companies, up to a maximum of 30% of the outstanding debt at any given time.
This venture debt instrument, funded from the bank’s own balance sheet, has an investment period of four years, with an additional five years for the recovery of investments.
This alternative financing vehicle completes the range of debt products offered by the bank’s Global Lending Solutions team in Corporate Banking and complements the Added Value Fund, operational since January 2023, which finances companies with EBITDA above €5–8 million.
Reference bank for the innovation economy
The strong performance of the venture debt vehicle in its first year reinforces CaixaBank’s positioning as a reference bank for the innovation economy. Through its specialized division for technology companies and their investors, DayOne, the bank enhances and expands its value proposition for technology-based companies.
Through DayOne, the bank supports technology companies of all growth stages and global reach that engage in value-added activities, offering tailored solutions for each phase of development.
To foster the development of young, innovative companies with high growth potential, the bank has launched the EmprendeXXI Awards annually since its creation in 2007, aimed at start-ups under three years old in Spain and Portugal. These awards have become a well-established and recognized benchmark, reaching their 18th edition this year.
Additionally, DayOne operates physical locations in Barcelona, Madrid, Valencia, Zaragoza, Bilbao, and Málaga, and has business managers in Murcia, the Canary Islands, Andalusia, Galicia, Catalonia, and the Balearic Islands, providing specialized services across 14 autonomous communities. It develops relational banking with different ecosystem players by facilitating connections, synergies, knowledge, and innovation through strategic alliances.
DayOne also offers specialized services for investors supporting the ecosystem’s growth, including Business Angels, Venture Capital firms, and Corporates
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