🏆 Deal of the Week · CW 48/2023
JPMorgan acquired a 10.6% stake in Indra Sistemas for 268 million EUR in a Venture – Series Unknown round; the valuation was not disclosed. The transaction was led solely by JP Morgan. This deal was recognised as Venionaire DealMatrix's Deal of the Week for KW 48/2023.
JPMorganIndra — key deal facts
| Company | JPMorganIndra |
| Founded | 1993 |
| Headquarters | Alcobendas, Spain |
| Amount raised | 268M EUR |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture – Series Unknown |
| Investors | JP Morgan (https://www.jpmorgan.com/AT/en/about-us) |
| Sectors | IT & Security |
Who invested in JPMorganIndra?
JP Morgan was the sole disclosed investor in this transaction. The participation of one of the world's largest investment banks in a Spanish defence and IT company is strategically notable, signalling institutional confidence in Indra's dual civil-defence technology portfolio and its positioning within European sovereign technology infrastructure.
What does JPMorganIndra do?
Indra Sistemas is a Spanish IT and defence company headquartered in Alcobendas, Spain, founded in 1992 through the merger of state-owned entities Ceselsa and Inisel. The company operates across two core divisions: Indra, focused on defence, security, and air traffic management; and Minsait, its digital transformation and technology services arm. Key proprietary offerings include IndraMind, covering cybersecurity and sovereign AI capabilities. José Vicente de los Mozos has served as CEO since 2023.
JPMorganIndra valuation & multiples
No multiples analysis is currently available for this transaction, as the post-money valuation was not disclosed. Once valuation data becomes available, EV/Sales and EV/EBITDA benchmarks for the IT & Security sector can be applied to contextualise the deal. Explore Venionaire DealMatrix's IT & Security sector multiples pages for comparable transaction benchmarks.
Frequently asked questions
How much did JPMorganIndra raise in its Venture – Series Unknown?
JP Morgan invested 268 million EUR to acquire a 10.6% stake in Indra Sistemas in a Venture – Series Unknown round in late 2023 (KW 48/2023).
What is JPMorganIndra's valuation?
The valuation associated with this transaction has not been publicly disclosed.
Who invested in JPMorganIndra?
JP Morgan was the sole investor in this round, acquiring a 10.6% stake in Indra Sistemas for 268 million EUR.
When was JPMorganIndra founded and where is it based?
Indra Sistemas was founded in 1992 and is headquartered in Alcobendas, Spain.
Source: original announcement — read the full report.