In the course of its 25 years’ existence, AXIS has invested in the growth of over 130 enterprises in all sectors and geographical areas for a total amount in excess of €250m.
- AXIS came into being in 1986 as an official banking initiative seeking to promote venture capital in Spain. It is registered as a fund manager under Number 1 at the CNMV (the Spanish Securities and Exchange Commission).
- It started its activity by managing a fund provisioned under the Economic and Social Agreement, the purpose of which was to boost the corporate network and job creation.
- After the privatization of State-owned banks, AXIS became part of Instituto de Crédito Oficial (ICO), which has been the sole shareholder since 1993.
In December 2009, ICO was instructed to start up the Sustainable Economy Fund for an amount of up to €20,000m. The fund would comprise several products, including those under AXIS’ management: the creation of an investment capital fund of up to €1,000m to finance infrastructures and energy (FESinfraestructuras)); and the provision of a venture capital fund amounting to €300m (se incrementa el patrimonio de FESpyme’sEquity was increased to €422m).