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AXIS
Fund of fund · Founded 1986 · Madrid, Spain
Who AXIS is.
- Historical Background
- AXIS was established in 1986, making it one of Spain's most longstanding venture capital management firms. The firm is wholly owned by the Instituto de Crédito Oficial (ICO), the Spanish state-owned bank.
- Source of Capital
- Capital is sourced from its parent entity, the Instituto de Crédito Oficial (ICO). AXIS manages funds with a total capitalization of up to 12.15 billion euros.
- Allocation Strategy
- The firm operates as a private equity and venture capital manager, providing companies with capital and quasi-capital instruments. Investment activities are concentrated on Spanish companies, with a mandate to support growth, innovation, and international expansion. The strategy involves two primary approaches: direct investment in companies and projects, and indirect investment through other funds that, in turn, finance Spanish enterprises.
The funds AXIS backs.
AXIS is a limited partner in 87 funds. 1 of them place in the Power Law Investor Ranking; those lead, best-ranked first.











How AXIS’s fund book is spread.
The 87 funds AXIS backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 87100%
Spain 73 · France 5 · Luxembourg 2 · Portugal 2
How established those managers are
Managers grouped by how many funds they have raised — across the 63 of 87 with a fund history on record.
The companies AXIS backs directly.
AXIS holds 12 companies directly, separate from the funds it commits to as a limited partner.












Inside AXIS’s portfolio.
The 12 highest-funded portfolio companies, of 10 tracked.
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AvWhere AXIS’s portfolio founders come from.
26 founders across the 12 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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Spain23
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British Indian Ocean Territory1
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Sweden1
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United States1
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IE Business School4
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Carlos III University of Madrid2
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Comillas Pontifical University2
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Complutense University of Madrid2
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IESE Business School2
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IMD Business School2
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National University of Distance Education2
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Stanford University Graduate School of Business2
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Technical University of Madrid2
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University of Barcelona2
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Deimos-imaging3
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Airbus2
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Barcelona Supercomputing Center2
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Boston Consulting Group2
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CNIC2
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IMD Business School2
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IQVIA2
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Massachusetts Institute of Technology2
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Mount Sinai Health System2
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Strategy&2
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to AXIS by combined power-law score — Europe first, then the nearest worldwide.
