Sociedad Regional de Promoción del Principado de Asturias (SRP)
Public-private investment company majority-owned (62.47%) by the Principado de Asturias, whose shareholder rights are exercised by Agencia de Ciencia, Competitividad Empresarial e Innovación Asturiana (Sekuens)
Also known as SRP, Sociedad Regional de Promoción, SRP Asturias
Asturias public-private investment company (62.47% Principado de Asturias) taking temporary minority stakes and granting participative loans to Asturian firms since 1984; LP in Successful Fund.
- HEADQUARTERS
- Llanera, Spain
- FOUNDED
- 1984
- AUM
- —
- OUTSIDE CAPITAL
- —
- TEAM LISTED
- 1 people
Focus
- STAGES
- SeedSeries AGrowth
- SECTORS
- —
- ASSET MIX
- Direct investmentsVenture capital
- GEOGRAPHY
- Spain
Overview
Sociedad Regional de Promoción del Principado de Asturias (SRP) has financed Asturian companies since 1984 through two instruments: temporary minority stakes in share capital and participative loans. For startups it runs Fondo Asturias Startup (€4.5M), which grants convertible participative loans of €50k–€100k in Phase I and up to €200k in Phase II. In 2024 it committed €1.5M as a limited partner to Successful Fund, an early-stage startup fund managed by Successful Capital SGEIC that must invest at least 1.5 times that amount in Asturias. SRP reported about €300M approved for nearly 400 projects over its first 40 years.
Investment thesis
Projects of special interest for the region, technology-based and other innovative companies, and internationalisation projects of Asturian firms; real estate and financial sectors excluded.
PORTFOLIO (5)
- OkticketNOTABLEFintech
- H2VectorClimate & Energy · since 2024
- Plexigrid, S.L.Climate & Energy
- Guppy Movilidad Sostenible, S.L.Mobility & Logistics
- Successful Fund (fund commitment, €1.5M)since 2024
People
- David GonzálezChair (also Executive Director of Agencia Sekuens) · source
Links
Frequently asked questions
Sociedad Regional de Promoción del Principado de Asturias (SRP) is a government-backed fund based in Llanera, Spain, founded in 1984.
Yes. Sociedad Regional de Promoción del Principado de Asturias (SRP) invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Sociedad Regional de Promoción del Principado de Asturias (SRP) invests at Seed, Series A and Growth stages.
Sociedad Regional de Promoción del Principado de Asturias (SRP)'s stated ticket size is €50K–€200K.
Key people at Sociedad Regional de Promoción del Principado de Asturias (SRP) include David González (Chair (also Executive Director of Agencia Sekuens)).
Sociedad Regional de Promoción del Principado de Asturias (SRP)'s investments include Okticket, H2Vector, Plexigrid, S.L., Guppy Movilidad Sostenible, S.L. and Successful Fund (fund commitment, €1.5M).
The most recent publicly reported investment by Sociedad Regional de Promoción del Principado de Asturias (SRP) is H2Vector, announced in Sep 2024.
Sociedad Regional de Promoción del Principado de Asturias (SRP) states that it accepts submissions through its official contact page.