Andalucía TRADE
Public business agency of Junta de Andalucía (Consejería de Economía, Hacienda, Fondos Europeos y Diálogo Social)
Also known as Andalucía TRADE - Agencia Empresarial para la Transformación y el Desarrollo Económico, Agencia de Innovación y Desarrollo de Andalucía (IDEA), Agencia IDEA
Andalusian government business agency (absorbing Agencia IDEA) that backs three FEDER-cofinanced VC funds (€58.8M public, €76.7M total) and holds stakes in public and seed-capital companies.
- HEADQUARTERS
- Sevilla, Spain
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
- Pre-SeedSeedSeries AGrowth
- SECTORS
- Software & SaaSArtificial IntelligenceHealthTechFood & AgricultureIndustrial & ManufacturingClimate & EnergyBiotech & Life SciencesDeep Tech
- ASSET MIX
- Funds (as LP)Venture capital
- GEOGRAPHY
- Spain
Overview
Andalucía TRADE (Agencia Empresarial para la Transformación y el Desarrollo Económico) is the Junta de Andalucía’s public business agency, based in Seville, which has integrated Extenda and the Agencia Andaluza del Conocimiento and is completing the integration of the Agencia de Innovación y Desarrollo de Andalucía (IDEA). It channels FEDER-cofinanced public money into venture capital funds run by CNMV-authorised managers selected by tender: three funds totalling €76.7M (€58.8M public, €17.9M private) invest in Andalusian companies until December 2030 through equity or participative loans. In 2021 IDEA had launched an earlier set of three funds with €37M of public money. IDEA also holds stakes in companies including the seed-capital vehicles Inverseed and Innova Venture.
Investment thesis
Andalusian companies: technology or digital startups under 7 years old with revenue below €1M (Start Up fund, typically €300–400K, up to €600K incl. follow-on); SMEs with proven models, preferably €1–10M revenue (Expansión 1) or €2–15M revenue with international expansion plans (Expansión 2), €0.5–2.5M per company; market terms, independent managers.
PORTFOLIO (8)
- Fondo Start Up (managed by Mar Océana Venture Capital Investments SGEIC, €12.12M)since 2026
- Fondo Expansión 1 (managed by Alter Capital Desarrollo SGEIC, €27.1M first close)since 2026
- Fondo Expansión 2 (managed by Quadriga Asset Managers SGIIC, €24.505M first close)since 2026
- Sherry Venture (managed by Quadriga Asset Managers, €8M public of €10.1M)since 2021
- Alter Cap (managed by Alter Capital Desarrollo, €10M public of €15.15M)since 2021
- Corporación Bética de Expansión Empresarial (managed by Axon Partners Group, €19M public of €25M)since 2021
- Inverseed, S.I.C.C., S.A. (79.51%)Deep Tech
- Innova Venture, S.G.E.I.C., S.A. (100%)
People
Links
Frequently asked questions
Andalucía TRADE is a government-backed fund based in Sevilla, Spain.
Yes. Andalucía TRADE invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Andalucía TRADE invests at Pre-Seed, Seed, Series A and Growth stages in Software & SaaS, Artificial Intelligence, HealthTech, Food & Agriculture, Industrial & Manufacturing, Climate & Energy, Biotech & Life Sciences and Deep Tech.
Key people at Andalucía TRADE include Antonio Castro (Director General) and Carolina España (President (as Consejera de Economía, Hacienda, Fondos Europeos y Diálogo Social; per December 2025 news)).
Andalucía TRADE's investments include Fondo Start Up (managed by Mar Océana Venture Capital Investments SGEIC, €12.12M), Fondo Expansión 1 (managed by Alter Capital Desarrollo SGEIC, €27.1M first close), Fondo Expansión 2 (managed by Quadriga Asset Managers SGIIC, €24.505M first close), Sherry Venture (managed by Quadriga Asset Managers, €8M public of €10.1M), Alter Cap (managed by Alter Capital Desarrollo, €10M public of €15.15M), Corporación Bética de Expansión Empresarial (managed by Axon Partners Group, €19M public of €25M), Inverseed, S.I.C.C., S.A. (79.51%) and Innova Venture, S.G.E.I.C., S.A. (100%).
No. Andalucía TRADE invests its own capital and does not raise money from outside investors.