For the third consecutive year, domestic investors (LPs) were the main source of new resources for the Spanish Venture Capital & Private Equity sector.In terms of the contribution of new funds to private domestic Venture Capital and Private Equity vehicles in 2022, by geographic origin Spanish investors stood out once again, contributing 80% (€2,106M) – an all-time high – of total funds raised (€2,620.4M). New funds raised by Spanish private VC&PEs entities according to geographic breakdown of investor (LP) in 2022 Domestic LPs International LPs Source: SPAINCAP/webcapitalriesgo 900 800 700 600 500 400 300 200 100 0 Financial Institutions Pension funds Insurance companies Fund of funds Corporate investors Family office Family office agencies Other asset managers Other Sovereign wealth funds 126 8 62 10 149 24 26 129 345 40 820 84 469 199 38 0 17 13 55 7 € Millions Intended application of new funds raised by Spanish private VC&PEs entities in 2022 2021 2022 Source: SPAINCAP/webcapitalriesgo 0% 10% 20% 30% 40% 50% Other Leveraged Buyouts Growth Capital Venture Capital Read more Notes Notes 19 This data is developed based on the answers provided by those entities that responded to the question “Intended application of new funds raised” on the questionnaire. Start-up financing as the main recipient of capital raised by Spanish private entities19. Fun-draising for start-up financing has been placed above any other category as the main investment destination for new funds rai-sed. This is thanks to several lar-ger-than-average domestic Ven-ture Capital funds closing, some supported by the Fond-ICO Next Tech fund of funds, launched in 2021 by ICO/Axis and SEDIA (Se-cretariat of State for Digitization and Artificial Intelligence). Thanks to this new Venture Capital lands-cape, domestic GPs are gaining the ability to fund the growth of Spanish start-ups in more matu-re stages (late stage venture). In 2022, growth companies support accounted for the second highest application of new funds raised (34.5% of total). Mature compa-nies (MBO/MBI) accounted for 17.4% of intended application of new funds raised.