The Social Impact Fund (FIS) and Impact Bridge have jointly invested 5 million euros in tuTECHÔ, the first social company listed on the Spanish stock market, to enhance its capacity in combating homelessness in Spain.

Information on the Target

tuTECHÔ is a pioneering social enterprise headquartered in Spain, recognized as the first social company to be listed on the Spanish stock market. Founded in 2021 by Blanca Hernández, the company is dedicated to creating sustainable solutions for combating homelessness within the country. tuTECHÔ operates as a social and sustainable real estate company, aiming to provide dignified housing for vulnerable populations, including the homeless, victims of domestic violence, young care leavers, and immigrants without support networks. The enterprise has already provided shelter to over 1,800 individuals, collaborating with more than 75 social organizations, showcasing its significant role in the realm of social impact investment in Spain.

With a portfolio comprising 400 properties and cumulative investments exceeding 40 million euros, tuTECHÔ serves as a vital platform within the social investment landscape, not just focusing on profitability but prioritizing social needs across Spain. Its housing units are strategically located in areas of high demand for social housing, rather than merely high-profit zones, thereby enhancing community recovery and addressing the issue of rural depopulation.

Industry Overview in Spain

Spain faces a significant challenge with homelessness, which has been exacerbated by economic factors, fluctuating housing markets, and social disparities. The current real estate environment reflects both urban pressures and rural underpopulation, necessitatin