In November, Innvierte allocated over €21 million to five new co-investments in private equity

CDTI Innovación, the sponsor and sole shareholder of Innvierte, completed five co-investment transactions in November, one of them strategic, for a total amount of €21,348,000, specifically:

ETOSHI TECHNOLOGIES, S.L. (ATANI) (Madrid) develops an integrated investment platform for digital assets. The follow-on investment was carried out alongside CONEXO VENTURES FCR and JME VENTURES III, FCR, with CDTI Innovación contributing €180,000.

BASQUEVOLT, S.A. (Vitoria-Gasteiz) positions itself as a key player in the technological transformation towards the next generation of solid-state batteries, through the development of a proprietary hybrid polymer–electrolyte technology that will facilitate, among other applications, the mass adoption of electric mobility. The follow-on investment was made together with FUNDACIÓN BANCARIA VITAL, with a contribution from CDTI Innovación of €3,600,000.

POLIMERBIO, S.L. (San Sebastián–Donostia) is a biotechnology company focused on the research, design, development, and manufacture of biodegradable medical devices based on polymeric biomaterials, initially aimed at the treatment of urethral stenosis. The investment was made together with Orza Gestión y Tenencia de Patrimonios AIE and Kutxa Fundazioa, with CDTI Innovación contributing €450,000.

SMART PROTECTION, S.L. (Madrid) is a technology company dedicated to combating piracy and counterfeiting on the internet. The investment was carried out alongside SWANLAAB GIZA INNVIERTE I, FCR, with a contribution from CDTI Innovación of €135,000.

In addition, within the strategic companies line, CDTI Innovación committed €17,163,000 to BOUND 4 BLUE, S.L. (Cantabria), a company that develops wind-assisted propulsion systems for maritime transport (rigid sails), capable of reducing fuel consumption and emissions by up to 30%.

Since January 2025, CDTI Innovación, through Innvierte, has completed co-investment transactions in 60 companies with a total commitment of €175.23 million, and has invested in eight investment vehicles with a total commitment of €685.74 million.

Innvierte

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

To date, CDTI Innovación has committed, through Innvierte, €2,885.8 million to 54 investment vehicles and, through its co-investment line, has directly committed €829.4 million to 197 companies.

Innvierte forms part of the Spanish Strategy for Science, Technology and Innovation 2021–2027, approved by the Council of Ministers in September 2020. This strategy sets out the objectives, reforms, and measures to be adopted across the entire R&D&I system in order to drive growth and impact, and it is one of the pillars underpinning the design of the Government’s R&D&I policy for the coming years.

CDTI Innovación

The Centre for the Development of Technology and Innovation (CDTI E.P.E.) is the innovation agency of the Spanish Ministry of Science, Innovation and Universities, whose objective is to promote technological innovation within the business sector. CDTI’s mission is to ensure that the Spanish business fabric generates and transforms scientific and technical knowledge into globally competitive, sustainable, and inclusive growth. In 2024, within the framework of a new strategic plan, CDTI provided more than €2.3 billion in support to Spanish companies and startups.

The conditions of CDTI Innovación’s aid programs can be consulted on its website: www.cdti.es

More info

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