Startup Investors
An ongoing estimate of investment in the startup ecosystem across Spain

Angels

ESBAN is the Spanish association of business angels.
AngelList has an excellent database of 351 angels resident in Spain and 3,157 angels interested in investing in Spain.

Spanish Venture Capital Firms

VC Firm
About
Location
Funding Rounds
Typical Cheque Size (k Eur)
101 Startups is a Barcelona, Spain-based venture capital firm that invests in Internet technology companies in seed stage.
Barcelona
Seed
100 - 1,250
Active Venture Partners is a private equity firm based in Barcelona that makes both early stage and expansion/late stage investments in Europe. The firm has a particular focus on investments in Spain, Germany, Austria, Switzerland, and Scandinavia. Active Venture Partners invests in a variety of technology-based industries including clean technology, security, communication and wireless, enterprise software and services, and consumer internet and media sectors.
Barcelona
Seed, A, B, C, D, E, F
500 - 10,000
Adara Venture Partners is a venture capital firm that focuses on early stage, deep-tech companies with a particular focus on cyber-security, big data, AI and other digital enterprise areas. The firm concentrates on investments the European Atlantic Rim: Spain, France, UK, Portugal and Ireland.
Madrid
Seed, A, B, C
1,000 - 13,000
Ade Capital Sodical (Ade) is a Valladolid-based venture capital firm that invests in companies that contribute to the development of Castilla y Leon, through a temporal and minority stake in their share capital. The firm also issues medium and long term loans to its portfolio companies. The company invests across a diverse range of industries, including the food, automotive, chemical, renewable energy and tourism industries. Ade also makes strategic investments in the aeronautic and biotechnology industries.
Valladolid
Seed, A, B, C, D, E, F
85 - 3,250
Alantis Capital is a Spain-based venture capital firm that makes early stage investments. Though the firm primarily focuses on the internet sector, they still consider other investments where they can see a defensible competitive advantage.
Madrid
Seed, A, B, C
0 - 200
Founded in 2017, All Iron Ventures is a Madrid-based venture firm that primarily invests in technology companies. The firm primarily participates in Pre-series A rounds, but will invest in companies at all stages of growth.
Madrid
Seed, A, B, C
1,000 - 10,000
Alter Capital provides equity loans and subordinated debt to companies operating across a wide range of industries, excluding financial services and real estate. The firm targets companies with proven track records and sustainable competitive advantages. Through minority and majority stakes, Alter Capital provides capital and expertise for organic and inorganic growth.
Sevilla
C,D,E,F
?
Amadeus Ventures is the venture capital arm of Amadeus, and makes strategic early stage investments in start-ups creating travel related technologies.
Madrid
Seed, A, B, C
7,500
Ambar Capital y Expansión, previously known as Gala Fund Management, is a private equity general partner that makes venture capital, growth, and buyout investments in Spain. The firm invests in various industries except the financial and real estate sector and can enter a companies' life-cycle at any stage.
Madrid
Seed, A, B, C
1,000 - 3,000
Angels Capital is a Valencia, Spain-based venture capital firm that focuses on early stage seed and start up investments within Spain. The firm concentrates investment within the consumer and retail sectors.
Valencia
Seed, A, B, C
200 - 1,000
Asabys Partners, founded in 2018 by Josep Ll. Sanfeliu, is an investment firm specialized in providing seed capital to biotech projects in the early stages, in medical technologies and in health innovation projects. Asabys Partners aims to invest the majority of its capital in Spain, the rest will be abroad, focusing on the rest of the EU, Israel and the UK.
Barcelona
Seed, A, B, C
?
Athos Capital is a Madrid-based venture firm that makes investments across diversified industries with a digital component, except real estate and healthcare industries.
Madrid
Seed, A, B, C, D, E, F
Aur
Aurorial
Aurorial, founded in 2016, is the Murcia, Spain-based investment arm of PcComponentes. The firm focuses on technology-based companies.
Murcia
Seed, A, B, C
250 - 3,000
Avindia Capital
Avindia Capital is a Valencia, Spain-based venture capital firm, focused on investment in renewable energy, water, waste and the environment. The firm looks to deploy 80% of committed capital in Europe, mainly in Spain, France, Italy and Germany, with the remaining 20% being deployed in the US, Chile and Brazil, with potential opportunistic investment in Argentina. The firm looks to target scalable projects that can enter the international market.
Valencia
Seed, A, B, c
Axon Partners Group is an international investment, alternative asset manager, corporate development and consulting firm. The firm makes growth capital investments across the southern geographies (southern Europe, south Asia and Latin America) in the digital economy sector, energy, healthcare and emerging markets.
Madrid
Seed, A, B, C, D, E, F
1,000 - 6,000
Bankinter Capital Riesgo, SGEIC, S.A., is a private equity/venture capital arm of Bankinter S.A. based in Madrid. The firm focuses on early venture, mid venture, late venture, emerging growth, buyout, industry consolidation, and middle market. The firm provides growth capital to small and medium-sized Spanish companies and seeks to invest in all sectors with a focus on energy, metals and mining, construction, hotels, restaurants, and leisure, media, distributors, biotechnology, consumer staple, real estate, renewable energies, natural resources, environment, and lifestyle services and products.
Madrid
A, B, C, D, E, F
Baring Private Equity Partners España is based in Madrid and has been operating in Spain since 1987 as a specialist in private equity investment, combining the management of both national and regional private equity funds. Originally a part of Baring Private Equity International, the firm is now independent. Their investors include Spanish and European financial institutions, as well as corporations and family offices. Baring's main focus is on companies in Spain and Portugal, though it considers investments in other EU countries. The firm invests in a variety of industry sectors, seeking businesses that show potential for growth or exploiting a competitive market advantage.
Madrid
Seed, A, B, C, D, E, F
?
Founded in 2010, Business Booster is a Spanish accelerator program based in Valencia, Spain. The firm focuses on investments in internet and mobile application startup companies.
Valencia
Seed, A, B, C, D, E, F
100 - 600
Beable Capital is a seed venture capital company specialized in the identification, valuation, launch and development of technologies in the sectors of advanced materials (nanotechnology and industrial biotechnology), photonics, microelectronics and Information and communications technologies (ICT) platforms.
Madrid
Seed, A, B, C
1,000
Last modified 3yr ago