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Social impact investing fund

We invest in companies that take care of people and the planet

We count with 10 million euros to support the growth of young companies with potential that want to generate a positive and measurable social and environmental impact in the world.


Why Fondo Bolsa Social?

Build a fairer, more inclusive, sustainable and healthy society

At Fondo Bolsa Social we want to contribute to building a fairer, more inclusive, sustainable and healthy society, one that integrates all its members and advances open to innovation and in a way that respects the environment.

In recent years, the phenomenon of social entrepreneurship has emerged around the world as a bold response that applies innovative business tools to provide solutions to social and environmental problems in a sustainable way. Social companies are characterized because, subject to the discipline of the company, they have the primary mission of solving social or environmental challenges and improving the living conditions of vulnerable groups. These companies often find it very difficult to take the first steps to develop their impact projects due to the lack of adequate financing. However, they often have great potential and, with the right selection, can be interesting investment opportunities.

Impact investors, like those who invest in Fondo Bolsa Social, contribute conscious capital: they want to contribute to generating a positive impact on their society and, at the same time, obtain a fair financial return.

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How do we invest?

We invest in companies with a triple-impact

We invest in companies with a triple impact: economic, social and environmental, which contribute to the Sustainable Development Goals (SDGs), in five areas:

Good Health and well-being

Quality and inclusive education

Responsible production and consumption

Climate action

Social development and integration

Investment criteria

Companies aligned with the Sustainable Development Goals

The companies we invest in must be aligned with the UN Sustainable Development Goals (SDGs). The SDGs were adopted on September 25, 2015 by world leaders to eradicate poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Each objective has specific goals that must be achieved in the next 15 years. To achieve these goals, the UN also calls on the private sector, civil society and citizens to get involved in concrete actions. The initiative of this Fund is, therefore, a response to that call to individual and collective responsibility that the UN makes with the SDGs.

Good Health and Well-Being

· Good health
· Third age
· Physical and neurological disabilities
· Healthy nutrition

Quality and inclusive education

· Tech for education (EdTech)
· Cultural networks
· Educational methodologies

Responsible production and consumption

· Sustainable consumption
· Colaborative economy
· Circular economy
· Sustainable food

Climate change and environment

· CleanTech
· Smart Cities
· Sustainable cities
· Sustainable agriculture
· Energy optimization
· Sustainable transport

Social integration and social development

· Social innovation
· Accessibility
· Social integration
· Recovery of depopulated areas of Spain
· Access to employment for risk groups.
· Payment for results contracts


We have two investment lines


Social enterprises that have taken their first steps, have a good team and a working prototype in the market. We invest between 50,000 and 500,000 euros.

Series A

Social enterprises with a proven model in the market, seeking to grow or replicate their model on a larger scale. We invest up to 1 million euros.


José Moncada

José Moncada

Managing Director

Maria Echavarri

María Echávarri

Investment director

Jorge Pardo

Jorge Pardo Blázquez


Bolsa Social Fund benefits from Afi's recognized experience in the analysis and valuation of companies and investment projects in multiple sectors, as well as in the execution of corporate operations. In addition to its multi-sectoral analytical capacity, Afi contributes to the Fund its network of contacts for the origination of operations and support for participating companies, actively participating in the management bodies of the Fund.

Fondo Bolsa Social

Calle Marqués de Villamejor, 5
28006 Madrid (Spain)