AXIS (AXIS Participaciones Empresariales SGECR, S.A.) is the venture capital and private equity management subsidiary of Spain's Instituto de Crédito Oficial (ICO), wholly owned by the Spanish state. Founded in 1986 and registered as Spain's first venture capital management company, AXIS manages the Fond-ICO Global fund-of-funds (endowed with €4.5 billion) and invests across all stages from early-stage venture capital to growth capital, focusing on innovative technology companies, infrastructure, energy, and social services.
Average disclosed round size is $95.2M (across 11 rounds with reported amounts).
Portfolio
8
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
Kushagra Kumar
Managing Director & Head of BFSI - Investment Banking
Suraj Krishnaswamy
Managing Director & Head of IBD Coverage
David Phillips
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Cabify | Series B | $110M | Mar 2023 |
| Cabify | Unknown | $66.4M | Jan 2023 |
| EElpha Secure Technology Inc. | Series A | $20M | Oct 2022 |
 Swiggy | Growth | $700M | Jan 2022 |
 Healthcare.com | Series B | $18M | Nov 2019 |
 Elpha | Series A | $1.1M | Jan 2019 |
 Furlenco | Series A | $30M | Oct 2016 |
| Furlenco | Series B | $15M | Jan 2016 |
| Furlenco | Series B | $30M | Jan 2015 |
 FutureProof | Unknown | $6.5M | — |
| HHoop Carpool | Unknown | — | — |
| Healthcare.com | Series C | $50M | — |
Top Co-Investors
Last updated: 7 October 2026