Ship2B Ventures launches BSocial Impact Fund II, an €80 million social impact fund

Ship2B Ventures, a leading social impact venture capital manager in Spain, has announced the launch of BSocial Impact Fund II, the largest social impact venture capital fund in the country, with a target size of €80 million. With this first close of €65 million, the manager now exceeds €120 million in assets under management. The new vehicle will invest in startups that improve the quality of life of vulnerable groups and the elderly, or that contribute to the decarbonisation of key industrial sectors and to ecosystem regeneration.

The first close of the new vehicle once again includes the support of the European Investment Fund (EIF), the manager’s first investor and the anchor investor for this fund, together with Axis (ICO Group) and Banco Sabadell, the main private investor in BSIF I and a key investor for Ship2B Ventures. New investors such as VidaCaixa, the Institut Català de Finances (ICF) and several leading Spanish family offices have also joined. Soon, COFIDES is expected to join through the Social Impact Fund (FIS), with its investment commitment subject to the signing of the corresponding legal documentation, and Barcelona City Council through the Barcelona Investment Fund, will join shortly. This strong investor commitment underscores a management model that combines financial returns with measurable impact, demonstrating that impact investing is a solid and sustainable alternative within the financial markets.

The EIF’s investment has been made possible through InvestEU, the European Union programme designed to mobilise more than €372 billion in investment by 2027, specifically through its Social Impact Equity product.

BSocial Impact Fund II incorporates a blended finance structure, pioneering in the Spanish market, combining institutional capital with investment-protection mechanisms —such as first-loss coverage— and technical assistance to strengthen the strategic development of portfolio companies, both provided by the Social Impact Fund managed by COFIDES. This first-loss tranche has acted as key catalytic capital to attract new private investors.

The launch of this new fund takes place during the 12th edition of the Ship2B Impact Forum, held on 17–18 November in Barcelona, once again positioning the city as the capital of the impact economy. The event brings together more than 500 leaders from business, finance, philanthropy and the public sector to analyse and address major social and environmental challenges.