Madrid-based IDC Ventures (IDCV), a leading global venture capital platform, has launched its inaugural fund of funds, VC4 FoF I (VC4), with a €150M cap. The fund has secured €33M in its first closing in January 2025.
Through a capital preservation strategy designed for tech market volatility, VC4 invests in innovative sectors driving future economic growth. The fund takes a conservative investment approach while maintaining broad diversification across investment stages, geographies, and technology sectors to capture technology’s growth potential.
Behind IDC Ventures: the power behind the platform
IDC Ventures (IDCV), the venture capital arm of IDC Network, is a global multi-fund asset manager overseeing €650 million. As the partner of choice for more than 160 family offices across 30 countries, IDCV provides venture capital opportunities through proprietary funds, co-investments, and co-managed funds with industry leaders. The firm actively supports entrepreneurs by leading funding rounds, holding board seats, and offering expert guidance in entrepreneurship, investment banking, private equity, consulting, and law.
Founded in 2019 by Bobby Aitkenhead and Alejandro Ortega, IDCV has supported transformative founders from Series A to growth stages. It focuses on fintech and marketplaces in Europe, the US, and Latin America — especially Brazil and Mexico. The firm operates from offices in Madrid, Miami, and Denmark, maintaining a strong presence in New York, the UK, and Brazil.
What do we know about VC4 FoF I?
VC4 FoF I aims to preserve capital through diversification in top-tier technology venture capital funds, balancing risk and return. The fund takes a strategic, global investment approach across innovative sectors. Following successful Spanish exits like BIPI and investments in high-growth startups such as CookUnity, SuperSim, and RecargaPay, VC4 continues the firm’s mission to broaden access to diverse venture capital investments.
Through its extensive network of over 100 funds and 40 portfolio companies, VC4 maintains privileged access to premium investment opportunities that match the fund’s criteria. The fund plans to invest in roughly 30 venture capital funds, blending established top-quartile funds with emerging managers. Its focus spans fintech, marketplaces, healthtech, and other key tech sectors across the US, Latin America, and Europe while remaining flexible for strategic opportunities.
VC4 has gained substantial support from new and existing investors, including leading family offices, serial entrepreneurs, and industry experts. The GPs have invested €15M, which has been deployed across 10 funds, including Soma Capital (backers of Deel and Razorpay), G Squared (investors in Airbnb and Spotify), and Ensemble (early investors in Zoom and Carta). Some of these funds have achieved over 4x returns in previous investments.
VC4’s market position is gaining momentum
Early portfolio performance indicates that VC4 will likely avoid the J-curve effect, demonstrating the fund’s skill in identifying industry leaders. IDC Ventures has partnered with Creand Wealth Management to establish an exclusive investment vehicle alongside VC4 FoF I for institutional and high-net-worth investors. This collaboration provides Creand clients with direct access to premier venture capital opportunities.
Bobby Aitkenhead, Managing Director of IDCV and former serial entrepreneur leads the fund with Managing Partner Gonzalo Hinojosa, an experienced Private Equity veteran. Aitkenhead concluded: “Our new fund of funds, VC4 FoF I, marks a new chapter for IDC Ventures. We’re creating access to unique venture capital opportunities for both new and experienced investors through a diversified, balanced investment vehicle.”
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