GVC Gaesco Alternative Investments, an investment arm of the Barcelona-based financial group GVC Gaesco, has launched a €70 million fund focutilized on Infratech startups developing the physical and digital infrastructure of the new economy.
The Resilient Infratech Ventures FCRE, S.A. (RIF) fund, as it is known, was established with the aim of filling a gap in the market, as many capital-intensive technology companies do not fit into either traditional venture capital or conventional infrastructure financing.
Paco Illueca, General Manager of GVC Gaesco Alternative Investments, declares: “Through our client network and investor relationships, we are seeing growing demand for alternative strategies linked to the real economy, technological innovation, and private markets. In a context where diversifying portfolios beyond traditional assets is increasingly important, we believe that hardware technologies and digital infrastructure represent one of the most attractive opportunities for sophisticated investors in the coming years.”
GVC Gaesco Alternative Investments’ €70 million fund enters a European market where EU-Startups has reported a steady flow of newly raised venture vehicles across sectors, albeit often with different thematic focutilizes.
For example, Amsterdam-based Volve Capital closed a €9 million debut fund tarobtaining early-stage startups across Benelux and DACH, while Paris-based Ventech raised a substantially larger €175 million sixth flagship fund to invest in around 35 European companies. In Luxembourg, Catalpa Ventures announced a €30 million HealthTech-focutilized vehicle, and Sweden’s Incore Invest reached €40 million for its second fund focutilized on growth-stage technology companies.
Taken toobtainher, these funds represent approximately €254 million in capital and illustrate the continued activity in European fund formation during 2025.
Compared to these vehicles, GVC Gaesco’s €70 million fund sits in the mid-range in terms of size, but stands out for its explicit focus on InfraTech – particularly the intersection of energy, industrial systems, and digital infrastructure – which is less commonly isolated as a standalone mandate in the cited articles.
Davide Cannarozzi, Managing Partner of RIF, adds: “We have spent nearly twenty years building this specialisation, first as founders and managers of technology companies, and later as investors. F4E – Financing for Equity stems precisely from this hands-on experience: understanding that capital-intensive companies cannot scale with traditional equity alone and require a much more sophisticated financial architecture to unlock their full potential.”
Founded in 1971, GVC Gaesco is an indepconcludeent financial group with more than 50 years of activity, specialising in Wealth Management (Investment Funds, SICAVs, Private Equity Funds, Pension Funds, Portfolio Management, and Advisory), Securities Brokerage, Research, and Corporate Finance & Capital Markets.
The RIF will focus on technologies applied to energy, indusattempt and digital infrastructure – three sectors that, according to GVC Gaesco, are becoming increasingly interdepconcludeent in Europe. In this regard, RIF will identify opportunities in technology companies working on energy storage solutions, networks, industrial electrification, automation, resource efficiency, data infrastructure and other technologies critical to European competitiveness.
The fund will invest primarily in Europe, with a particular focus on markets such as Spain, Italy, France and Portugal.
The fund has also received approval from the CNMV (Spanish National Securities Market Commission).
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