GVC Gaesco Alternative Investments, part of the Barcelona-based financial group GVC Gaesco, has launched a €70 million fund focused on Infratech startups developing core physical and digital infrastructure.
The fund, named Resilient Infratech Ventures FCRE, S.A. (RIF), is designed to support capital-intensive technology companies operating at the intersection of infrastructure and innovation. It targets a segment often underserved by traditional venture capital and conventional infrastructure financing.
What The Company Does
Through its alternative investment arm, GVC Gaesco is positioning the new fund to address financing gaps for startups building infrastructure-related technologies. These companies typically require significant upfront capital and longer development timelines, which can make them less compatible with standard venture capital models.
The RIF fund will focus on businesses developing technologies across energy systems, industrial processes, and digital infrastructure. This includes areas such as energy storage, grid networks, industrial electrification, automation, resource efficiency, and data infrastructure.
By investing in these sectors, the fund aims to support technologies that underpin the functioning of modern economies, particularly as digitalisation and energy transitions increasingly converge.
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Market Context / Industry Background
Infrastructure and technology are becoming increasingly interconnected, particularly in Europe where policy frameworks are accelerating the transition toward more sustainable and digitally integrated systems. The shift toward renewable energy, electrified industry, and advanced data infrastructure is creating demand for new types of hardware and system-level innovation. At the same time, the convergence of physical and digital systems is redefining how infrastructure is designed, deployed, and managed, requiring higher levels of integration, resilience, and adaptability.
However, financing these technologies remains challenging. Traditional venture capital often prioritises software-driven, asset-light models with faster return cycles, while infrastructure investors typically focus on established, revenue-generating assets. This creates a funding gap for early- and growth-stage companies building capital-intensive infrastructure technologies. These ventures often face longer development timelines, higher upfront costs, and increased regulatory complexity, making them less attractive to conventional funding models.
Funds such as RIF are emerging to bridge this gap by combining elements of venture investing with an infrastructure-oriented perspective, enabling support for companies that require both technological development and physical deployment. This hybrid approach reflects a broader shift in investment strategies, as investors increasingly recognise the strategic importance of infrastructure technologies in supporting economic resilience, energy transition, and long-term industrial competitiveness.
Founder / Investor Commentary
Paco Illueca, General Manager of GVC Gaesco Alternative Investments, pointed to increasing investor interest in strategies linked to tangible economic activity and technological transformation. He noted that diversification beyond traditional asset classes is becoming more relevant in the current market environment.
“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,” he said.
Growth Plans / Use Of Funds
The Resilient Infratech Ventures fund will primarily invest across Europe, with a particular focus on Southern European markets including Spain, Italy, France, and Portugal. The fund has received regulatory approval from the Spanish National Securities Market Commission (CNMV), allowing it to operate within established financial frameworks.
Capital will be allocated to companies developing critical infrastructure technologies, with an emphasis on supporting their growth from early-stage development through to deployment and scaling. The fund is expected to play a role in enabling technologies that contribute to Europe’s industrial competitiveness and energy transition.
About GVC Gaesco
GVC Gaesco is an independent financial group headquartered in Barcelona, with over 50 years of experience in wealth management, securities brokerage, research, and corporate finance. Its alternative investments division focuses on private market strategies, supporting companies and projects linked to technological innovation and the real economy.
