Organization · Government VC
COFIDES
COFIDES is a Madrid-based public-private company that manages state funds to provide medium and long-term financing for private investments aligned with public policy objectives. It supports the internationalization of Spanish companies and attracts foreign investment in strategic sectors.
Overview
What COFIDES does
What COFIDES is
COFIDES is a Madrid-based public-private company that manages state funds to provide medium and long-term financing for private investments aligned with public policy objectives. It supports the internationalization of Spanish companies and attracts foreign investment in strategic sectors.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find COFIDES elsewhere
Open the official website or a supported primary organization account.
Capability profile
COFIDES as a funder
Investment thesis
COFIDES provides medium- and long-term financing for private investments tied to public policy objectives, focusing on internationalization, green and digital transitions, and social impact.
Focus narrative
COFIDES invests in private projects that are viable for internationalization, offering financing through both equity and debt instruments. It manages several funds, including the Fund for Investments Abroad (FIEX), the Fund for Operations of Investment Abroad for Small and Medium Enterprises (FONPYME), and the Fund for Recapitalization of companies affected by COVID-19 (FONREC). Additionally, COFIDES oversees the Fund for Co-Investment (FOCO) aimed at attracting foreign investment in activities related to green and digital transitions.
Value beyond capital
COFIDES adds value by providing not only financial support but also strategic guidance for internationalization and alignment with public policy objectives. It facilitates access to additional resources through co-investment structures and partnerships, enhancing the potential for sustainable growth and impact.
Terms and economics
- Typical check
- $75,000–$150,000,000
- Sweet spot
- $10,000,000
Focus and fit
- Stages
- Growth Equity · Pre-IPO · Bridge
- Sectors
- Renewable Energy · Energy Efficiency
- Regions
- Global · Europe · Latam · Africa
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 1,200
Portfolio context
Notable portfolio companies include: PLD Space: Received an 11 million euro loan for the launch base of its MIURA 5 rocket. Sacyr: Supported in two strategic projects in Chile, including the Américo Vespucio Oriente I and Ruta de la Fruta concessions. WIVI Vision: Received backing through a loan from FONPYME for its internationalization process. Optare Solutions: Acquired the Mexican company Cinko Shared Service Center with support from COFIDES. Spain Oman Private Equity Fund (SOPEF) II: A 100 million euro fund that expands collaboration between COFIDES and the Oman Investment Authority.
Common questions
What to know about COFIDES
Upseed classifies COFIDES under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.