The Social Impact Fund (FIS), managed by COFIDES, has committed an investment of up to 15 million euros in the Partech Impact Fund, the impact vehicle of the French management company Partech Partners.
With a size of 300 million euros, this fund will finance between 12 and 15 European growth‑stage B2B technology companies generating more than 10 million euros in revenue and developing solutions aimed at addressing social and environmental challenges such as decarbonization, the sustainability of the agri‑food value chain, energy efficiency, healthcare, or education.
The FIS contribution will help attract this benchmark fund—known for its mobilized capital and the scale of its operations in the European impact tech sector—to the Spanish impact ecosystem. Its arrival will complement the offer of domestic funds, which generally focus their investments on earlier business stages, and will support social impact companies in scaling and continuing their growth trajectory.
Ángela Pérez, Chair and Chief Executive Officer of COFIDES, highlighted: “the Partech Impact Fund’s strategy is fully aligned with the social and environmental challenges identified in the FIS Theory of Change. This operation will help address the financing gap that innovative companies in their growth stage sometimes face, as they tend to be more dependent on patient capital, and it will strengthen the essential technology‑impact nexus in our country.”
Rémi Said and Arnaud Minvielle, General Partners at Partech, commented: “We are proud to have attracted a world‑class, global LP base and to be backing companies that are shaping more sustainable value chains across Europe, with tangible ROI for their customers; demonstrating that impact and strong economic performance are mutually reinforcing. Partnering with COFIDES is helping us to anchor our strategy in the very dynamic Spanish impact tech ecosystem”.
ABOUT THE SOCIAL IMPACT FUND (FIS)
The FIS is a fund created by the Spanish Government through the addendum to the Recovery, Transformation and Resilience Plan (PRTR) and is financed with resources from the NextGenerationEU instrument. Managed by COFIDES and attached to the Ministry of Inclusion, Social Security and Migration, it is a public financial instrument aimed at strengthening Spain’s impact ecosystem by supporting investment projects carried out by companies and other entities in Spain that generate a positive and measurable social and/or environmental impact.
The fund has an allocation of 400 million euros and provides financial support to projects that are financially sustainable and that help address underserved social and environmental challenges, while also promoting the mobilization of additional private capital.
ABOUT PARTECH
Partech is a global technology investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Milan, Nairobi, and San Francisco. Founded 40 years ago in San Francisco, Partech today manages close to €3 billion in assets for a current portfolio of 220 companies in 40 countries across four continents. Partech Impact is Partech’s growth impact fund, investing in European impact technology B2B champions that have already demonstrated a proven business model and are looking to accelerate their growth. The fund backs companies seeking to fundamentally transform value chains across industry, infrastructure and construction, agriculture, mobility and healthcare.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages financial funds from the Spanish State, as well as its own resources and those of third-party institutions with various objectives: the internationalization of the Spanish economy, the attraction of foreign investment into strategic sectors in Spain, the promotion of the impact economy in Spain, and the contribution to the development of the countries in which it invests. In addition to the State, which holds a majority position, other shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America.
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