ICF Capital

ICF Capital is a private equity and venture capital firm based in Barcelona, Spain, founded in February 2010. It specializes in direct investments and manages venture capital funds with a focus on supporting mid-sized companies in Catalonia. ICF Capital primarily targets sectors such as information technology, biotechnology, social services, and electronics, among others. The firm typically invests between €0.5 million and €2.4 million in companies with annual sales ranging from €0.3 million to €100 million, often acquiring minority stakes. It operates as a subsidiary of the Institut Català de Finances, a public financial institution established in 1985 to enhance funding access for enterprises in Catalonia. ICF Capital manages two venture capital firms, ICF Capital Expansió II and ICF Venture Tech II, and aims to foster the growth of innovative startups and mid-market companies through its investment activities.

Emilio Gómez Jané

Investment Director

Adrià Torrelles

Investment Director

Past deals in Barcelona

Tecfys

Debt Financing in 2022
Tecfys operates a rental marketplace for electronics and household appliances. It offers subscription-based access to these items, allowing customers to avoid upfront costs and try out different products without long-term commitments.

Inbrain Neuroelectronics

Series A in 2021
Inbrain Neuroelectronics is a medical device company that designs and commercializes graphene-based neural interfaces and intelligent neuromodulation systems to treat brain disorders. The core platform is an implantable system that decodes brain activity with high resolution and provides focal, adaptive stimulation, enabling real-time precision neurology and autonomous therapy adjustments. This approach aims to maximize therapeutic outcomes while minimizing side effects for conditions such as Parkinson’s disease, epilepsy, and stroke rehabilitation. The company pursues strategic collaborations to extend its solutions to peripheral nerve and systemic disease applications, expanding the potential of neurotechnology and bioelectronics.

Inbrain Neuroelectronics

Seed Round in 2020
Inbrain Neuroelectronics is a medical device company that designs and commercializes graphene-based neural interfaces and intelligent neuromodulation systems to treat brain disorders. The core platform is an implantable system that decodes brain activity with high resolution and provides focal, adaptive stimulation, enabling real-time precision neurology and autonomous therapy adjustments. This approach aims to maximize therapeutic outcomes while minimizing side effects for conditions such as Parkinson’s disease, epilepsy, and stroke rehabilitation. The company pursues strategic collaborations to extend its solutions to peripheral nerve and systemic disease applications, expanding the potential of neurotechnology and bioelectronics.

Typs

Debt Financing in 2019
Typs Global S.L., founded in 2019 and based in Barcelona, Spain, develops a salary-on-demand software that provides employees with real-time access to their earned wages. This innovative application enables employees to view their daily earnings and transfer funds as needed, thus promoting financial wellness and reducing reliance on payday loans. By offering this benefit, companies can enhance employee retention and attraction while fostering a stronger emotional connection between employees and their employers. Typs operates as a subsidiary of Hastee Technologies Ltd., positioning itself as a unique solution in the market that helps organizations improve productivity and differentiate themselves through enhanced payroll transparency and employee support.

Mind the Byte

Debt Financing in 2016
Mind the Byte is a bioinformatics company focused on computational drug discovery through the use of big data, artificial intelligence, and machine learning. Founded in 2011 by Alfons Nonell-Canals, the company is based in the Barcelona Science Park and the Copenhagen Bio Science Park. Mind the Byte offers a range of software solutions that facilitate scalable and affordable in silico drug discovery, enabling biotechnology and pharmaceutical companies, as well as research centers, to accelerate the development of new drugs. Their services include consultancy partnerships and a user-friendly Software as a Service (SaaS) platform that allows clients to leverage high-performance computing on a flexible pay-per-use basis, eliminating the need for significant hardware or software investments. The company is recognized as an Amazon Web Services technology partner, highlighting its commitment to security and reliability in bioinformatics solutions.

Agile Content

Venture Round in 2015
Agile Content is a prominent technology company based in Barcelona, Spain, specializing in digital TV and video delivery solutions for telecom and media enterprises. The company offers a comprehensive range of scalable products and services designed to enhance the consumption and delivery of digital video content. Its cloud-based offerings include fully managed TV services, content management tools, and a modular OTT infrastructure platform that supports content processing and subscriber management. Agile Content's innovative technology facilitates personalized entertainment experiences and enables clients to implement flexible business models. With a presence in 24 countries and a team of over 250 video specialists, the company currently serves more than 50 million connected households globally. Agile Content has established partnerships with leading Tier 1 telecommunications companies, promoting efficient operations and revenue-sharing arrangements. The company has also expanded its portfolio through acquisitions, including the Swedish video distributor Edgeware and global WiFi solutions provider Fon.
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