SODECAN
Wholly owned public company of Gobierno de Canarias
Also known as Sociedad para el Desarrollo Económico de Canarias, S.A., SODICAN
Canary Islands Government company managing ERDF-backed financial instruments; has granted participative loans to innovative SMEs (Fondo Jeremie, Fondo Canarias Financia 1).
- HEADQUARTERS
- Las Palmas de Gran Canaria, Spain
- FOUNDED
- 1976
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
FOCUS
- STAGES
- SeedSeries A
- SECTORS
- —
- ASSET MIX
- Direct investmentsVenture capital
- GEOGRAPHY
- Spain
WHAT IT IS
Government-backed Fund. Public money — a state or EU-backed vehicle investing on behalf of taxpayers, often with policy goals.
ABOUT
SODECAN is a wholly owned public company of the Government of the Canary Islands that manages public financial instruments, including loans, co-investments and repayable aid. Under Fondo Canarias Financia 1 (ERDF 2014-2020) it granted participative loans to 23 innovative-SME projects, and the earlier Fondo Jeremie Canarias financed 28 projects with participative loans for technology-based firms. Fondo Canarias Financia 2 (ERDF 2021-2027) includes subordinated loans, a fund of funds for innovation and entrepreneurship, and a co-investment instrument.
INVESTMENT THESIS
Knowledge-based, technology or innovative SMEs with a permanent establishment in the Canary Islands, aligned with the RIS3 Canarias strategy; no guarantees or fees required on participative loans.
PORTFOLIO (6)
- Adventurees Alliance, S.L.Software & SaaS
- Isobars Atlántica, S.L.Climate & Energy
- Lighting Dynamic, S.L. (Hispalux)Industrial & Manufacturing
- InOpinia, S.L.Artificial Intelligence
- Out Of Office Games, S.L. (Triple O Games)Media & Entertainment
- Mindiff Technology Canarias, S.L.Media & Entertainment
TEAM
LINKS
FAQ
SODECAN is a government-backed fund based in Las Palmas de Gran Canaria, Spain, founded in 1976.
Yes. SODECAN invests directly in private companies.
SODECAN invests at Seed and Series A stages.
Key people at SODECAN include Domingo Jesús Martín Méndez (Chief Executive (Consejero Delegado)) and Gustavo González de Vega (Chair of the Board).
SODECAN's investments include Adventurees Alliance, S.L., Isobars Atlántica, S.L., Lighting Dynamic, S.L. (Hispalux), InOpinia, S.L., Out Of Office Games, S.L. (Triple O Games) and Mindiff Technology Canarias, S.L..
SODECAN states that it accepts submissions through its official contact page.
No. SODECAN invests its own capital and does not raise money from outside investors.