About COFIDES
COFIDES, established in 1988, is a private debt fund primarily based in Madrid, Spain. It specializes in financing Conventional Debt round of companies based in Spain. Its portfolio includes 12 firms, spanning the High Tech, Enterprise Applications sectors.
As of Jul 2026, COFIDES has witnessed 2 portfolio exits so far. Its most notable investments include companies like PLD Space, Oqc Tech and Qida.
Its latest investment was a $86.6M Series B round in Ona Therapeutics on Jun 04, 2026, which also saw participation from Columbus Venture Partners and Merieux Equity Partners.
COFIDES's List of Top Investments
COFIDES has a portfolio of 12 companies. Their most notable investmentis in Brooklyn FitboxingTheir portfolio spans across Spain and United Kingdom. They have invested in High Tech, Enterprise Applications, Telecom and 7 other sectors, across stages such as Conventional Debt, Venture Debt and 3 more. Here is the list of top investments by COFIDES:1. PLD Space
Provider of reusable launch vehicles for small payloads. It provides usersd with a company that offers a two-stage launch vehicle and a three-stage launch vehicle for small satellites and cube sats. These can carry and deploy cubes and microsatellites in LEO. The launchers are also provided with a CubeSat rack, single compartment, and double compartment.
Key facts about PLD Space
- Founded Year: 2011
- Location: Elche (Spain)
- Stage: Series C
- Total Funding till date: $348M
- Employee Count: 465 as on May 31, 2026
- Investors: ESA, European Investment Bank and 20 Others
- Latest Funding Round: Venture Debt, Apr 07, 2026, $*****
- Highlight: Editors' Pick
2. Oqc Tech
Developer of quantum computing hardware for commercial and research applications. These systems function as co-processors integrated with classical computing infrastructure to perform complex calculations. The hardware architecture utilizes physical qubits to execute gate operations for computational tasks. Access to these systems is provided through cloud environments and direct deployment within data centers. The technology supports the development of algorithms for various technical and scientific fields.
Key facts about Oqc Tech
- Founded Year: 2017
- Location: Reading (United Kingdom)
- Stage: Series C
- Total Funding till date: $500M
- Employee Count: 148 as on May 31, 2026
- Investors: Lansdowne Partners, SBI Investment and 21 Others
- Latest Funding Round: Series C, Jun 03, 2026, $*****
- Highlight: Editors' Pick
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3. Qida
Key facts about Qida
- Founded Year: 2018
- Location: Sabadell (Spain)
- Stage: Series C
- Total Funding till date: $67.3M
- Employee Count: 567 as on May 31, 2026
- Investors: Kibo Ventures, Endeavor and 11 Others
- Latest Funding Round: Series C, Nov 04, 2025, $*****
Ona Therapeutics provides therapeutics solution for metastatic cancer. It is a spin-off of ICREA and IRB and involved in developing biologics targeting the metastatic-initiating cells and lipid metabolism for the treatment of cancer.
Key facts about Ona Therapeutics
5. Medux
Mobile edge network solutions provider. It monitors the real-time measurement of fixed broadband networks and telecommunications services. It measures, analyzes, and predicts the quality of service of fixed and mobile telecommunications networks based on end-to-end and real-time data. It provides a set of QoS and QoE metrics enabling its customers to reduce costs by predicting network performance problems.
Key facts about Medux
- Founded Year: 2014
- Location: Madrid (Spain)
- Stage: Series B
- Total Funding till date: $16.9M
- Employee Count: 61 as on May 31, 2026
- Investors: Bright Pixel Capital, COFIDES and 4 Others
- Latest Funding Round: Venture Debt, Jan 11, 2024, $*****
- Highlight: Editors' Pick
COFIDES's Year-on-Year Investment Trends
COFIDES has invested in 12 companies over the last 17 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Ona Therapeutics and most recent follow-on round was in PLD Space.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
COFIDES's Investments by Stage
COFIDES has made 4 investments in Conventional Debt stage with an average round size of $16.9M, 3 investments in Venture Debt stage with an average round size of $322K, 2 investments in Series C stage with an average round size of $196M, 1 investment in Seed stage with an average round size of $647K and 1 investment in Series B stage with an average round size of $86.6M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 4 |
Venture Debt | 3 |
Series C | 2 |
Seed | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
COFIDES's Investments by Sector
COFIDES has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Healthcare, Telecom and Aerospace, Maritime and Defense Tech. Notably, it has invested in 6 Enterprise (B2B) companies, 5 Tech companies, 3 Software companies and at least 2 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
High Tech | 3 |
Healthcare | 2 |
Telecom | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
COFIDES's Investments by Geography
COFIDES has made most investments in Spain (10), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
Spain | 10 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
COFIDES's recent investments
COFIDES has made 3 investments in 2026 so far. Ona Therapeutics and Oqc Tech are the latest among them.Here are the most recent investments by COFIDES:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 04, 2026 | Spain | Series B | 7371 | ||
Jun 03, 2026 | United Kingdom | Series C | 2871 | [+10] | |
Mar 04, 2026 | Spain | Series C | 4238 | [+2] | |
Nov 04, 2025 | Spain | Series C | 5377 | [+6] | |
Dec 02, 2024 | Spain | Conventional Debt | 3545 | - |
IPOs and Publicly Listed companies in COFIDES's Portfolio
1 of COFIDES's portfolio company became public - Befesa. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2007.Here are COFIDES's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 10, 2007 | - | - | 5190 |
Acquired companies in COFIDES's Portfolio
1 company from COFIDES's portfolio has been acquired. The most recent acquisition was AXESS in Mar 2022 by Hispasat for $*****.Here are COFIDES's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 22, 2022 | Aug 20, 2020 | Conventional Debt | 2801 |
Co-investors of COFIDES
Over the past 17 years, 63 investors have co-invested in COFIDES's portfolio companies. This includes only funds.
- Invested before COFIDES: CDTI, Europa and 39 others have invested in rounds before COFIDES. There are 2 companies where CDTI has invested before COFIDES and 2 companies where Europa has invested before COFIDES.
- Top Co-investors of COFIDES: 18 investors entered a company along with COFIDES. These include investors like Bullhound Capital (1 company).
- Invested after COFIDES: A total of 4 investors have invested in COFIDES's portfolio after their investments. Top Investors include Mitsubishielectric (1 company) and Nazca (1 company).
Recent News related to COFIDES
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COFIDES Invests in MCH Iberian Capital Fund VI to Promote Internationalization of Spanish CompaniesWebcapitalriesgo•Jul 07, 2026•MCH, COFIDES
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Oryzon Genomics Launches Capital Increase and Secures 25 Million from CofidesExpansion•Jul 01, 2026•ORYZON, COFIDES
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QIA and COFIDES Launch $327 Million Joint Investment Fund for Spanish ProjectsGCC Business News•May 20, 2026•Qatar Investment Authority, COFIDES, Portobello Capital
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Enhol Gets Financing for 396-MW Solar Project in PeruRenewables Now•Apr 24, 2026•Grupo Enhol, COFIDES
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Cofides Supports Grupo Nexus Energía In The Acquisition Of 100% Of Its Portuguese Subsidiary LuzboaWebcapitalriesgo•Mar 24, 2026•COFIDES, Luzboa
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COFIDES invests €50M in PLD Space to accelerate access to space with MIURA 5Webcapitalriesgo•Mar 05, 2026•COFIDES, PLD Space, GrodiTech, Basquevolt and 7 others
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PLD Space lands €180M to orbit Europe’s next rocket generationTech Funding News•Mar 04, 2026•PLD Space, Mitsubishielectric, Nazca, COFIDES
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COFIDES' Social Impact Fund Commits €15M to BSocial Impact Fund II's First ClosingEl Referente•Jan 20, 2026•COFIDES