Led · Equity · Aug 2026

Hydnum Steel is developing what it describes as the first clean-steel factory in the Iberian Peninsula, with an expected annual flat-steel production capacity of 2.7 million tonnes. The plant’s process eschews fossil fuels in favor of electric-arc furnaces powered by green hydrogen and 100% renewable electricity, aiming to cut Scope 1 and 2 CO2 emissions by up to 98% relative to traditional blast-furnace methods. The facility will be fully digitalized and incorporate technologies such as Arvedi ESP continuous strip production and a Zero Liquid Discharge water-treatment system to maximize water reuse. The total project investment is expected to exceed €1.5 billion and to generate more than 5,000 jobs across its phases, including over 1,000 direct technically skilled positions. Hydnum Steel has obtained initial approval as a Proyecto de Singular Interés, cleared key environmental and hydrological permits, secured 500 MW of grid access, and aims to start earthworks and construction in late 2026. The project has been recognized by the World Economic Forum among leading industrial decarbonization initiatives and reports offtake agreements covering first-phase capacity for the initial five years.

Participated · Series B · Jun 2026

Ona Therapeutics is a spin-off from IRB Barcelona and ICREA that develops precision-engineered antibody-drug conjugates (ADCs) to target treatment-resistant cancers. The company uses a proprietary, patient-driven discovery platform to identify tumor-specific antigens and epitopes that enable efficient internalization and targeted payload delivery. Its lead clinical program is ONA-255, initially focused on breast cancer, and it is also advancing ONA-389 targeting colorectal cancer. The company integrates target validation, antibody engineering, optimized payload selection and validated linker-payload technologies in its ADC development approach. Led by CEO Valerie Vanhooren, Ona plans to use the Series B proceeds to advance clinical development of its lead and second programs. The article does not disclose revenue, user metrics or a company valuation.

Participated · Series C · Jun 2026

Oxford Quantum Circuits, founded as a spinout from Oxford University in 2017 and based in Reading, develops superconducting quantum computing hardware and supporting software. The company deploys its machines in data centres and offers access to customers and researchers as a cloud service. OQC targets business and government customers, citing demand from financial services, defence and security companies for secure quantum technology. It positions itself to move from long-term promise toward near-term commercial delivery and plans to scale internationally and advance its technology roadmap. The company recently strengthened its financial position by raising a £260 million Series C to accelerate commercialization and market expansion. No revenue or user metrics were disclosed in the provided article.

Led · Equity · Apr 2026

EYSA provides mobility and infrastructure services with an emphasis on sustainable mobility and digitalization of transport systems. Since Tikehau Capital completed its acquisition of EYSA in 2025, the firm has been working with management to scale operations and pursue decarbonization objectives. The company plans to implement advanced digital tools for managing urban and interurban mobility and to modernize critical infrastructure. The recent €90 million minority investment from COFIDES via the FOCO vehicle strengthens EYSA’s financial base to accelerate innovation and operational expansion. EYSA’s strategy includes consolidating its position in the Spanish market and exploring greater international projection in transport and infrastructure sectors. The investment aligns the company with Tikehau’s broader decarbonization program and FOCO’s goals of fostering digital and green transformation.

Participated · Series C · Mar 2026

PLD Space is developing the MIURA 5, a two-stage, partially reusable rocket designed to deploy small satellites into orbit with higher flexibility and reduced scheduling complexity. The company plans MIURA 5’s first test flight in 2026 and expects the vehicle to support up to 30 missions per year from several spaceports, including the Guiana Space Centre. PLD Space aims to scale its industrial and launch infrastructure to serve a global pipeline of commercial and institutional customers. The MIURA 5 program emphasizes reusability to provide a more sustainable approach to launches. Financially, PLD Space reported securing €210 million in 2026, which includes a €180 million Series C closed in March and a €30 million venture debt loan from the European Investment Bank. The company positions itself among a select group of private firms developing end-to-end launch systems to enable reliable access to space.