COFIDES is Spain's state-owned development finance institution, backing the internationalisation of Spanish companies and impact investment.
COFIDES is a Spanish state-owned company that channels public, own and third-party funds into private investment projects. It finances the internationalisation of Spanish companies and attracts foreign investment into strategic sectors at home, drawing on its own resources alongside the state funds it manages. Companies bring it projects through a public intake process, and it both lends to and takes equity stakes in the businesses it backs.
The vehicles it manages include the co-investment fund FOCO, the Social Impact Fund FIS, the foreign investment funds FIEX and FONPYME, the COVID-19 recapitalisation fund FONREC, and blending facilities co-financed with the European Union. COFIDES is accredited to the United Nations Green Climate Fund and works with European development finance institutions on climate and development mandates. Its investments reach more than a hundred countries.
Companies similar to COFIDES include Impact Bridge, Bolsa Social and Q-Impact.
COFIDES was founded in 1988.
COFIDES' headquarters is located in Madrid, ES.
COFIDES has 151 employees as of Sep 29, 2026.
Competing Products
State trust fund backing Spanish-interest foreign investments with equity and loans.
Competing Products
Equity and loan financing from COFIDES's own balance sheet abroad.
Competing Products
Climate finance channelled to developing countries as an accredited entity.
Competing Products
Blended finance combining EU grants with COFIDES loans and equity.
Competing Products
Public impact fund financing purpose-driven enterprises across Spain.
Competing Products
Medium- and long-term equity and loan financing for Spanish companies investing abroad.
Competing Products
Public co-investment fund pairing foreign capital with Spanish strategic-sector firms.
COVID-era fund that recapitalised Spanish mid-sized companies with equity and debt.
