The Social Impact Fund (FIS), managed by COFIDES, has committed €15 million in the first closing of Ship2B Ventures’ social impact fund, BSocial Impact Fund II, which has reached €65 million and aims for a final size of €80 million, consolidating its position as the largest social impact venture capital fund in Spain to date.
The fund’s strategy focuses on investing in startups that improve the lives of older adults and vulnerable groups or that contribute to industrial decarbonization and ecosystem regeneration.
Through this transaction, FIS strengthens its commitment to supporting projects that combine positive social and environmental impact with financial sustainability, helping to consolidate a solid impact investment ecosystem in Spain.
SIGNIFICANT CATALYTIC EFFECT
FIS’s and Ship2B Ventures’ contribution includes a first-loss tranche, a pioneering element in Spain’s impact investment funds, which acts as a powerful catalyst to attract private investment and multiply the fund’s reach. In addition, FIS will provide €350,000 in technical assistance to strengthen the impact measurement systems of the companies supported by the fund, ensuring effectiveness in achieving social and environmental outcomes.
Alongside COFIDES, the fund is backed by leading institutions such as the European Investment Fund (EIF), Axis (ICO Group), VidaCaixa, Banco Sabadell, the Catalan Institute of Finance (ICF), and several prominent family offices in Spain, reinforcing both institutional and private commitment to developing impact investing in the country.
Ángela Pérez, Chair and CEO of COFIDES, stated:
"Public-private collaboration is the most powerful tool to drive the development of pioneering projects. In this case, the involvement of FIS has also proven to be a key catalytic element in attracting new private investors."
Maite Fibla, co-founder and Managing Partner of Ship2B Ventures, added:
"The first closing of BSocial Impact Fund II is an important step to continue demonstrating that social and environmental impact can go hand in hand with profitability. We are very pleased with the trust placed by the Social Impact Fund managed by COFIDES and all the investors making this project possible."
ABOUT THE SOCIAL IMPACT FUND (FIS)
The FIS is a fund created by the Spanish government through an addendum to the Recovery, Transformation, and Resilience Plan (PRTR) and is financed with resources from the NextGenerationEU instrument. 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 that generate positive, measurable social and/or environmental impact.
The fund has a total endowment of €400 million and provides financial support to projects that are financially sustainable and address social and environmental challenges that are insufficiently served, while also promoting the mobilization of additional private resources.
ABOUT SHIP2B VENTURES
Ship2B Ventures invests in startups with high social and/or environmental impact that help improve the health and quality of life of vulnerable populations, contribute to sustainability, and protect the environment.
The fund targets early-stage startups with committed teams experienced in impact-driven business models, bringing innovation and disruptive technologies, and with scalable plans and a global vision.
More information: www.ship2bventures.com
ABOUT COFIDES
COFIDES is a Spanish state-owned company that manages public funds as well as its own and third-party resources for various purposes: promoting the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, fostering the impact economy in Spain, and contributing to the development of countries in which it invests. Its shareholders, in addition to the Spanish State (which holds a majority stake), include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF–Development Bank of Latin America
cloud technology axon
JG Ingenieros and Incosa, whose majority shareholder is Waterland Priv...
