Enisa
State company attached to Ministerio de Industria y Turismo (Dirección General de Estrategia Industrial y de la PYME); 97.60% owned by the Dirección General del Patrimonio del Estado
Also known as ENISA, Empresa Nacional de Innovación, Empresa Nacional de Innovación, SME, SA
Spanish state company financing innovative startups and SMEs with participative loans (quasi-equity, €25K–€1.5M, no guarantees); also certifies startups under the Startups Law.
Spain's state SME-financing company; not to be confused with ENISA, the EU Agency for Cybersecurity.
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- —
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- SeedSeries AGrowth
- SECTORS
- —
- ASSET MIX
- Private credit
- GEOGRAPHY
- Spain
Investment arms & vehicles
- Fondo de Emprendimiento y de la Pequeña y Mediana Empresa (FEPYME), F.C.P.J.State fund without legal personality (F.C.P.J.); one of the sources of funds Enisa uses for its participative loans
Overview
Enisa is a public company dependent on the Ministerio de Industria y Turismo through the Dirección General de Estrategia Industrial y de la PYME; its shareholders are the Dirección General del Patrimonio del Estado (97.60%), CDTI (2.21%), IDAE (0.12%) and ICEX (0.07%). It finances viable, innovative projects of Spanish SMEs and startups with participative loans of €25,000 to €1.5M, without guarantees and without taking equity or management roles, using funds from several ministries and from the FEPYME State fund. It also certifies companies as “empresas emergentes” under Law 28/2022. Its website reports €1,544M invested, 9,964 loans disbursed and 8,619 companies financed.
Investment thesis
Diversify the financing sources of viable, innovative Spanish SMEs and startups, from early stages to growth, through participative loans that sit between bank lending and venture capital, with interest partly linked to the company's results.
People
Links
Frequently asked questions
Enisa is a government-backed fund based in Madrid, Spain.
Yes. Enisa invests its own capital in private companies.
Enisa invests at Seed, Series A and Growth stages.
Enisa's stated ticket size is €25K–€1.5M.
Key people at Enisa include Carolina Rodríguez Arias (Consejera delegada (CEO)), Aidé Barranco del Valle (Secretaria general) and Miguel Gómez-Pavón López (Presidente del Consejo de Administración (Director General de Estrategia Industrial y de la PYME)).
Enisa states that it accepts submissions through its official contact page.
No. Enisa invests its own capital and does not raise money from outside investors.