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)

101Startups

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

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

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 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

Atlantis Capital

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

All Iron Ventures

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

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

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 & Expansion

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

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

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

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

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

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

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

?

BBooster Venture

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

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

Belerofonte Capital

Belerofonte Capital is a financial boutique specialized in venture capital, business & financial advisory services, strategy and business consulting (M&A services, business & company valuations) and VC fund investment managers.

Madrid

Seed, A, B, C, D, E, F

?

Big Sur Ventures

Big Sur Ventures is a Madrid, Spain-based venture capital firm that makes early stage, seed and start-up investments in Spain through an open-ended fund. The firm invests across industry sectors, but focuses its investments into the IT, digital media, clean technology, internet, software, and other technology-related industry sectors.

Madrid

Seed, A, B, C, D, E, F

300 - 5,000

BO Venture Capital Management

BO Venture Capital Management is a venture capital firm that makes investments at all phases of development to companies in the clean tech, industrial, technology, IT, and communications sectors, mainly in Catalonia, Spain.

Barcelona

Seed, A, B, C, D, E, F

100 - 10,000

Bonsai Partners

Bonsai Partners is a technology venture capital firm, created by Bonsai Venture Capital & Cube Ventures, with a hybrid investment strategy focused on the secondary market. The firm aims to invest in high-growth companies through a mix of primary and secondary capital deployments.

Barcelona

Seed, A, B, C, D, E, F

?

Bonsai Venture Capital

Bonsai Venture Capital is a venture capital firm founded in 1999. The firm makes early stage and expansion investments in Spanish internet companies, though the firm only considers seed investments in experienced management teams. The firm concentrates investments on the internet sector, particularly mobile-focused startups based on classifieds, e-health, games, payments, security and travel. The firm doesn't invests in domestic internet companies with great mobile focus and global ambition.

Madrid

Seed, A, B, C, D, E, F

500 - 16,000

Boyser

Boyser SRL is a family business based in Spain that specializes in seed investments.

Barcelona

Seed, A

1,000

Breadfruit Invest

Breadfruit Invest is a Spain-based private equity firm that makes early stage investments across Europe. The firm is sector agnostic.

Malaga

Seed, A, B, C

?

Bull Partners

Bull Partners is an angel investment and consultancy firm based in Madrid, Spain. The firm invests globally in Internet and tech start-ups.

Madrid

Seed, A, B

?

Bullnet Capital

Bullnet Capital is a Spanish independent Venture Capital Firm specialized in high technology start-ups in the IT or closely related areas (software, electronics, laser technologies, photonics, medical devices, etc.)

Madrid

Seed, A, B, C

200 - 3,000

Cabiedes & Partners

Seed and early Series Investments in Internet and Technology Ventures in Spain

Madrid

Seed, A, B, C

0 - 100

Caixa Capital Risc

Caixa Capital Risc is an institutional investor with excellent references specialised in the early stages of innovative companies in Spain.

Barcelona

Seed, A, B, C

~2,000

Inveready

Inveready is one of the leading venture capital early-stage investment funds in Spain

Madrid

Seed, A

150 - 4,500

JME Venture Capital

JME Venture Capital

Madrid

Seed, A, B

0 - 400

Kibo Ventures

Invests in early-stage internet and mobile startups, with a "Super Angel" approach

Madrid

A, B, C

175 - 4,500

Santander

Bank with services specifically for retail and commercial sectors

Boadilla del Monte

Seed, A, B, C, D, E, F

25,000 - 75,000

Sabadell Venture Capital

Banco Sabadell unit in charge of venture capital

Barcelona

A, B, C

0 - 2,000

Samaipata Ventures

New Spanish fund led by one of the co-founders of La Nevera Roja

Madrid

Seed, A, B, C

150 - 2,000

Seaya Ventures

Spanish venture fund investing in early and growth stage companies, focusing on internet and technology-enabled business in Spain

Madrid?

A, B, C, D

2,000 - 9,000

Telefonica

One of the largest telecommunications companies in the world

Madrid

Seed, A, B, C, D, E, F

?

Wayra

Wayra is a Telefonica backed, digital business accelerator

Madrid

Seed, A, B, C, Grant

0 - 100

Ysios Capital

Private equity financing to early- and mid-stage human healthcare and life science companies

Barcelona

Seed, A, B, C, D, E, F

750 - 7,000