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Government-backed FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 9 SOURCES

SODECO

Public company owned 50/50 by Sociedad Regional de Promoción del Principado de Asturias (SRP) and Hulleras del Norte, S.A., S.M.E. (HUNOSA)

Also known as Sociedad para el Desarrollo de las Comarcas Mineras, S.A., Sociedad para el Desarrollo de las Comarcas Mineras

Public development company for the central Asturias coalfields (50% SRP, 50% HUNOSA); mainly participative loans, plus temporary 5–45% minority stakes; €71.4M put into 108 projects.

HEADQUARTERS
Langreo, Spain
FOUNDED
1988
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
4 people

Focus

STAGES
SeedGrowth
SECTORS
—
ASSET MIX
Direct investmentsPrivate credit
GEOGRAPHY
Spain

Overview

Sociedad para el Desarrollo de las Comarcas Mineras, S.A. (SODECO) was set up on 13 October 1988 under Royal Decree 1108/1988, after an agreement between the Principado de Asturias, HUNOSA and the mining unions, to create alternative jobs in the central Asturian coalfields. Its main activity is financing business projects in ten municipalities through temporary minority stakes (5–45%, preferred shares, up to 10 years, with a buy-back promise from the promoters) and, mainly, participative loans. To 30 June 2026 it had formalised 108 projects with €487.1M of total investment, of which SODECO contributed €71.4M; at end-2024 its live portfolio was 18 companies with €9.1M invested. It also runs business incubators and in 2022 launched SODECO Crecimiento, a €2M seed-capital fund.

Investment thesis

Job-creating, innovative and viable projects located in its area (Langreo, San Martín del Rey Aurelio, Laviana, Mieres, Lena, Aller, Oviedo, Siero, Riosa and Morcín), with a tested business plan, qualified management and promoters committed personally and financially.

PORTFOLIO (13)

  • Asturiana de Laminados, S.A. (ASLA – El Zinc)NOTABLE
    Industrial & Manufacturing · Exited
  • Sputnik Climbing Asturias
    Consumer & E-commerce · since 2026
  • Alimentos El Arco, S.A.
    Consumer & E-commerce
  • Proa Sur, S.L. (Proasur)
  • Buen Día Tours Ibérica, S.L.U.
    Consumer & E-commerce
  • Arcea Hoteles, S.A.
    Consumer & E-commerce
  • Diecolpet, S.L.
    Consumer & E-commerce
  • Embajadores de Cine Asturias, S.L.
    Media & Entertainment
  • Fatuve, S.A.
    Industrial & Manufacturing
  • Válvulas Fevisa, S.A.U.
    Industrial & Manufacturing
  • Recuplas Economía Circular, S.L.
    Climate & Energy
  • Ruralpop Tech, S.L.
  • Veintiuno por Veintiuno, S.L.

People

  • Antonio Crespo Campillo
    Chair · source
  • Francisco Fernández Viesca
    Managing Director (Dirección General) · source
  • Silvia García Gallego
    Finance and Control Director · source
  • Alejandro González Valdés
    Investment Analysis · source

Links

Frequently asked questions

SODECO is a government-backed fund based in Langreo, Spain, founded in 1988.

Yes. SODECO invests its own capital in private companies.

SODECO invests at Seed and Growth stages.

Key people at SODECO include Antonio Crespo Campillo (Chair), Francisco Fernández Viesca (Managing Director (Dirección General)), Silvia García Gallego (Finance and Control Director) and Alejandro González Valdés (Investment Analysis).

SODECO's investments include Asturiana de Laminados, S.A. (ASLA – El Zinc), Sputnik Climbing Asturias, Alimentos El Arco, S.A., Proa Sur, S.L. (Proasur), Buen Día Tours Ibérica, S.L.U., Arcea Hoteles, S.A., Diecolpet, S.L. and Embajadores de Cine Asturias, S.L., among others.

The most recent publicly reported investment by SODECO is Sputnik Climbing Asturias, announced in Sep 2026.

No. SODECO invests its own capital and does not raise money from outside investors.