The Biscay Anchor Fund (BAF), established in February 2022, advances its mission to attract specialised venture capital investment to Bizkaia through an anchor co-investment model. This scheme requires selected funds to triple the investment received from the vehicle itself in the territory, thereby reinforcing the arrival of strategic capital and the development of high-impact projects.

Since its launch, the BAF has formalised investment commitments totalling 6,860,000 euros with thirteen national and international funds, of which 50% has already been disbursed. These funds operate in key areas for Bizkaia’s competitiveness, including the food industry and its transformation, healthcare, cybersecurity, enabling technologies, decarbonisation, impact investing, and other sectors linked to innovation and the sustainable energy transition.

The activity generated by the funds integrated into the BAF has had a direct impact of more than 60 million euros, channelled to 18 companies in the territory. These investments have contributed to their growth, internationalisation, and technological consolidation, demonstrating the effectiveness of the anchor model in strengthening Bizkaia’s business ecosystem.

In recent months, the BAF has expanded its portfolio through new commitments to a specialised healthcare fund and another impact fund, reinforcing its focus on high-value-added sectors. Likewise, an investment in a venture builder has materialised, with a focus on creating and launching new start-ups in Bizkaia, promoting the development of projects from their earliest stages.

The fund maintains an active dealflow, with various operations under review, and aims to continue expanding its sectoral scope and consolidating its role as a catalyst for investment and economic development in Bizkaia.