Loading organizations...
Sociedad Regional de Promoción del Principado de Asturias (SRP) is a public financial entity that provides capital to foster regional economic development. It offers financial support primarily through minority and temporary equity participation in companies and the granting of participatory loans. SRP focuses its investments on projects deemed of special interest for the Asturian region, innovative technology-based enterprises, other groundbreaking ventures, and initiatives aimed at internationalizing local businesses.
The Government of the Principality of Asturias established SRP in 1984. The founding insight centered on creating a dedicated financial instrument to stimulate and revitalize the business fabric of the region. As a result, SRP operates with a majority stake held by the regional government, acting as a key player in its economic promotion strategy.
SRP's primary beneficiaries are promoters of new business investment projects located in or looking to establish within Asturias. This includes small and medium-sized enterprises (SMEs) presenting innovative and economically viable proposals that contribute to the region's growth. The company's long-term vision is to proactively drive the development of the Asturian business ecosystem by providing strategic financial backing to promising local ventures.
Sociedad Regional de Promoci has 1 tracked investment across 1 company. The latest tracked deal is $350K Other Equity in Plexigrid in July 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 28, 2021 | Plexigrid | $350K Other Equity | EDP Ventures Espa, Sociedad Regional DE Promoci | — |