CDTI Innovación, through Innvierte, approves 45 new co-investments and participation in 7 investment vehicles, with a commitment of over €952 million

CDTI Innovación, the innovation agency of the Ministry of Science, Innovation and Universities, as promoter of the Innvierte initiative and sole shareholder of this entity, approved during 2025 the co-investment in 45 companies, with a committed contribution from Innvierte of €145.9 million, of which €80.3 million are allocated to three strategic co-investments.

Of the approved co-investments, 19 are initial investments in new companies, and 26 are follow-on investments in portfolio companies.

Regarding the sectors, the co-investments are distributed as follows:

45 Companies	Innverte Commitments (€M)
18 companies in Bio, Health, and Agri-food	40.3
8 companies in the ICT sector	2.5
10 companies in the Industrial sector	92.2
8 companies in the Energy and Environment sector	5.5
1 company in Other sectors	5.4
Total	145.9

Regarding the development or maturity stage of the companies in which co-investment has been approved — following definitions agreed upon by the main European venture capital associations — the breakdown is:

Company Maturity	Number of Companies
Seed	19
Start-up	9
Other early stages	15
Later stage venture	1
Growth capital	1

Regarding the registered office of the companies in which co-investment was approved, the regional distribution is as follows:

Autonomous Community	Number of Companies
Andalusia	1
Cantabria	1
Catalonia	19
Valencian Community	5
Galicia	1
Community of Madrid	8

Non-strategic co-investments will be made alongside 71 previously accredited investors, who will contribute €83.7 million.

In addition to the co-investment commitments, participation in 7 investment vehicles has also been approved, with a financial commitment of up to €806.3 million, bringing the total commitment to €952.2 million.

So far this year, 16 new professional private investors have also been accredited, bringing the total number of accredited investors by Innvierte to 185. Of these, 144 investors are actively submitting co-investment requests to Innvierte.

Innvierte

Innvierte is an initiative aimed at promoting business innovation by supporting venture capital investment in technology-based or innovative companies. The program operates through the closed-end investment company Innvierte Economía Sostenible SICC S.M.E., S.A., self-managed and supervised by the Spanish National Securities Market Commission (CNMV), with CDTI Innovación as sole shareholder.

To date, CDTI Innovación has committed €2.661 billion in 61 investment vehicles that have invested in over 609 companies, and through its co-investment line, it has directly committed €718 million in 190 companies.

Innvierte is part of the Spanish Strategy for Science, Technology and Innovation 2021–2027, approved by the Council of Ministers in September 2020. This strategy outlines the objectives, reforms, and measures to be adopted across the R&D&I ecosystem to boost its growth and impact. It serves as one of the cornerstones of the Government's R&D&I policy for the coming years.

CDTI Innovación

The Centre for the Development of Industrial Technology (CDTI E.P.E.) is the innovation agency of the Ministry of Science, Innovation and Universities, with the objective of promoting technological innovation in the business sector. CDTI’s mission is to ensure that Spanish businesses generate and transform scientific and technical knowledge into globally competitive, sustainable, and inclusive growth. In 2024, under a new strategic plan, CDTI provided over €2.3 billion in support to Spanish companies and startups.

You can consult the terms and conditions of CDTI Innovación’s support instruments at: www.cdti.es

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