Top Venture Capital Firms Spain - Venture Capital Spain

List of Venture Capital Firms in Spain: Top Investment Companies to Watch

Spain has become one of Europe's top destinations for tech startups, with a thriving ecosystem of venture capital firms supporting the growth of innovative companies.

These firms invest in a wide range of industries, from fintech and healthcare to e-commerce and renewable energy.

To help entrepreneurs and investors navigate the Spanish VC landscape, a list of the top venture capital firms in Spain has been compiled.

This list includes firms such as Active Venture Partners, Ysios Capital, and Bonsai Venture Capital, which have a proven track record of investing in successful startups and providing valuable support to help them grow.

Whether you're an entrepreneur looking for funding or an investor seeking opportunities, this list of venture capital firms in Spain is a valuable resource to help you navigate the thriving startup ecosystem in this dynamic country.

Understanding Venture Capital in Spain

Spain has become one of the leading destinations for tech startups in Europe.

The country's venture capital firms have invested a total of €1.9 billion across 691 deals in 2021, which represents a 248% increase compared to the previous year.

This growth is partly due to the Spanish government's efforts to promote entrepreneurship and innovation, as well as the country's highly skilled workforce and strategic location within the EU.

Venture capital is a type of private equity investment that provides funding to early-stage, high-growth companies with the potential for significant returns. In Spain, venture capital firms typically invest in startups that are focused on technology, healthcare, and consumer products.

These firms provide not only capital but also expertise, mentorship, and networking opportunities to help startups grow and succeed.

Madrid is the hub of the Spanish venture capital industry, with many of the top firms headquartered in the city. However, there are also notable firms located in other parts of the country, including Barcelona, Valencia, and Bilbao.

Spanish venture capital firms are also active in the broader EU market, with many investing in startups in other European countries. This cross-border investment helps to foster innovation and collaboration across the continent.

Top Venture Capital Firms Spain

Overall, the Spanish venture capital industry is experiencing strong growth and is poised for continued success in the coming years.

With a supportive government, talented workforce, and strategic location within the EU, Spain is an attractive destination for startups and venture capital firms alike.

Key Players in Spain's Venture Capital Scene

Spain's venture capital industry has grown significantly over the past few years, with a number of key players emerging as major investors in the country's startup ecosystem.

Some of the most active venture capital firms in Spain include:

• Active Venture Partners: Founded in 2004, Active Venture Partners is a Barcelona-based venture capital firm that invests in early-stage technology startups across Europe. The firm has a particular focus on mobile and digital technologies, and has invested in companies such as Wallapop, Cabify, and Typeform.

• Caixa Capital Risc: Caixa Capital Risc is the venture capital arm of CaixaBank, one of Spain's largest financial institutions. The firm invests in early-stage technology startups across a range of sectors, including life sciences, information technology, and industrial technologies.

• Seaya Ventures: Seaya Ventures is a Madrid-based venture capital firm that invests in early-stage technology startups across Spain and Latin America. The firm has a particular focus on the consumer internet, fintech, and software sectors, and has invested in companies such as Cabify, Glovo, and Spotahome.

• Nauta Capital: Nauta Capital is a Barcelona and London-based venture capital firm that invests in early-stage technology startups across Europe and the United States. The firm has a particular focus on the software and internet sectors, and has invested in companies such as Socialpoint, Brandwatch, and Scytl.

• Kibo Ventures: Kibo Ventures is a Madrid-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as Jobandtalent, Flywire, and Cabify.

• Mundi Ventures: Mundi Ventures is a Madrid-based venture capital firm that invests in early-stage healthcare and life sciences startups across Europe and the United States. The firm has a particular focus on companies developing innovative medical technologies and digital health solutions.

• 4Founders Capital: 4Founders Capital is a Madrid-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as OnTruck, Housell, and Spotahome.

• Asabys Partners: Asabys Partners is a Barcelona-based venture capital firm that invests in early-stage healthcare and life sciences startups across Europe. The firm has a particular focus on companies developing innovative medical technologies and digital health solutions.

• Bonsai Venture Capital: Bonsai Venture Capital is a Barcelona-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as Onna, Housfy, and Glovo.

• Lanta Digital Ventures: Lanta Digital Ventures is a Barcelona-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as Signaturit, Red Points, and Badi.

• Samaipata: Samaipata is a Madrid-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the consumer internet and e-commerce sectors, and has invested in companies such as OnTruck, Spotahome, and Glovo.

• Ysios Capital: Ysios Capital is a Barcelona-based venture capital firm that invests in early-stage healthcare and life sciences startups across Europe. The firm has a particular focus on companies developing innovative medical technologies and digital health solutions, and has invested in companies such as Minoryx Therapeutics, STAT-Diagnostica, and Sanifit.

• JME Venture Capital: JME Venture Capital is a Madrid-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as OnTruck, Spotahome, and Glovo.

• Invivo Capital: Invivo Capital is a Barcelona-based venture capital firm that invests in early-stage healthcare and life sciences startups across Europe. The firm has a particular focus on companies developing innovative medical technologies and digital health solutions, and has invested in companies such as Sanifit, STAT-Diagnostica, and Oryzon Genomics.

• Inveready: Inveready is a Barcelona-based venture capital firm that invests in early-stage technology startups across Spain and Europe. The firm has a particular focus on the software and internet sectors, and has invested in companies such as Onna, Signaturit, and Housfy.

List of Venture Capital Firms in Spain

Focus Areas for Venture Capital Firms in Spain

Spain's venture capital firms have invested in a wide range of sectors, including AI, startups, technology, internet, mobile, business, healthcare, biotech, life sciences, fintech, Spanish startups, online, energy, medical devices, design, information technology, industrial technologies, deep tech, consumer tech, machine learning, and sector agnostic.

In recent years, there has been a particular focus on innovative technology projects, with investors looking for companies that can offer unique solutions to problems in various industries.

For example, there has been a growing interest in healthcare and biotech startups that are developing new treatments and technologies to improve patient outcomes.

Fintech is also a growing area of interest, with investors looking for companies that can provide innovative solutions to traditional financial services.

The rise of digital banking and payment platforms has created opportunities for startups to disrupt the traditional banking industry.

Another area of focus for venture capital firms in Spain is the industrial sector, with investors looking for companies that can provide innovative solutions to traditional manufacturing and production processes.

There has also been a growing interest in deep tech startups that are developing cutting-edge technologies such as artificial intelligence, blockchain, and quantum computing.

Overall, venture capital firms in Spain are looking for companies that have the potential to disrupt traditional industries and create new markets. They are seeking out innovative technologies and solutions that can provide a competitive advantage in a rapidly changing business landscape.

Investment Stages and Sizes

Venture capital firms in Spain typically invest in startups at different stages of development.

The stages of investment include seed, series A, series B, and later stage financing rounds.

Seed funding is typically the first round of investment, where startups receive initial capital to develop their product or service. Series A funding is the next stage, where startups receive larger amounts of capital to scale their business. Series B funding is for companies that have already established a strong market presence and are looking to expand their operations.

The investment size of venture capital firms in Spain varies depending on the stage of investment.

Seed capital Bizkaia, for example, invests up to €500,000 in seed-stage startups. Other firms, like Active Venture Partners, invest between €1 million and €10 million in series A and series B rounds.

Early-stage startups in Spain can also benefit from government-backed initiatives such as the Spanish National Innovation Company (ENISA), which provides loans of up to €1.5 million to innovative companies.

List of Venture Capital Firms in Spain

Overall, venture capital firms in Spain offer a range of investment sizes and stages to help startups grow and scale their businesses. It is important for startups to research and identify the right venture capital firm that aligns with their business goals and stage of development.

Notable Investments and Success Stories

Spain has a thriving venture capital industry, with many firms investing in a range of sectors from technology to life sciences. Some of the most successful investments in recent years include:

• Wallapop: This mobile app allows users to buy and sell second-hand items in their local area. It has been a huge success in Spain and has expanded to other markets such as the UK. In 2020, Wallapop raised €157 million in funding from investors including Korelya Capital, Accel, and 14W.

• Medlumics: This medical technology company develops advanced imaging systems for use in surgery. It has raised over €20 million in funding from investors including Ysios Capital, Caixa Capital Risc, and VI Partners.

• Glovo: This on-demand delivery service allows users to order anything from food to groceries to pharmaceuticals. It has been a huge success in Spain and has expanded to other markets such as Latin America. In 2020, Glovo raised €100 million in funding from investors including Drake Enterprises, Idinvest Partners, and Lakestar.

• Cabify: This ride-hailing app competes with Uber and has been successful in markets such as Spain and Latin America. It has raised over €400 million in funding from investors including Rakuten, Seaya Ventures, and TheVentureCity.

• CornerJob: This job search app connects job seekers with employers in their local area. It has raised over €50 million in funding from investors including Randstad Innovation Fund, Northzone, and e.ventures.

These success stories demonstrate the strength and diversity of the venture capital industry in Spain.

With many more promising startups emerging every year, it is clear that the future of the industry is bright.

Role of Accelerators and Incubators

Accelerators and incubators play a significant role in the growth and development of startups in Spain.

These entities provide startups with resources, mentorship, funding, and networking opportunities that are essential for their success.

Accelerators are programs that offer startups a fixed-term, intensive, and mentor-driven experience.

They provide seed funding, workspace, and access to a network of mentors, investors, and other entrepreneurs. Some of the top accelerators in Spain include Lanzadera Accelerator, Wayra, and Seedrocket.

Incubators, on the other hand, are programs that offer startups a supportive environment to develop their business ideas.

They provide office space, mentorship, and access to resources such as legal and accounting services. Some of the top incubators in Spain include Antai Venture Builder and Nuclio.

Accelerators and incubators are crucial for startups that are in the early stages of development.

They offer a range of benefits, including access to funding, mentorship, and networking opportunities. These benefits can help startups overcome the challenges they face in the early stages of development.

In addition to the benefits mentioned above, accelerators and incubators also help startups refine their business models and strategies.

They provide startups with the necessary tools and resources to develop their products and services, as well as to reach their target audience.

Overall, accelerators and incubators play a vital role in the success of startups in Spain.

List of Venture Capital Firms in Spain

They provide startups with the support they need to grow and succeed, and they help to create a thriving startup ecosystem in the country.

Influence of Corporations and Banks

In Spain, corporations and banks have a significant impact on the venture capital industry.

According to a study by González and González, the concentration of banks and institutions in Spain has a significant influence on the capital structure of investee companies.

Bankinter, one of the largest banks in Spain, has a venture capital arm called Bankinter Capital Riesgo.

The firm invests in Spanish companies that have high growth potential and is particularly interested in the technology, healthcare, and renewable energy sectors.

La Caixa, a Spanish savings bank, has a venture capital arm called Caixa Capital Risc. The firm invests in early-stage companies that are developing innovative technologies and products.

Caixa Capital Risc has a particular focus on the life sciences, information technology, and industrial technology sectors.

Both Bankinter Capital Riesgo and Caixa Capital Risc are members of SPAINCAP, the Spanish Association of Capital, Growth, and Investment. SPAINCAP brings together venture capital and private equity firms in Spain, as well as their investors, including insurance companies and pension funds.

In addition to these banks, there are several corporations in Spain that have established venture capital arms. For example, Telefonica, the Spanish telecommunications company, has a venture capital arm called Telefonica Ventures.

The firm invests in companies that are developing innovative technologies in areas such as artificial intelligence, cybersecurity, and the Internet of Things.

Overall, corporations and banks have a significant influence on the venture capital industry in Spain.

Many of these institutions have established venture capital arms to invest in innovative companies with high growth potential.

Regional Venture Capital Activity in Spain

Spain has become one of Europe's leading destinations for tech startups, with venture capital firms investing in a total of €1.9 billion across 691 deals in 2021, a 248% increase compared to the previous year.

The country's venture capital ecosystem is spread across various regions, with Madrid, Catalonia, and Valencia being the most active ones.

Madrid

Madrid is the capital of Spain and the country's financial hub. It is home to several venture capital firms that invest in startups across various sectors, including technology, healthcare, energy, and finance.

Some of the top venture capital firms in Madrid include Adara Ventures, Kibo Ventures, and Seaya Ventures.

Catalonia

Catalonia is a region in northeastern Spain that includes the city of Barcelona, which is known for its vibrant startup ecosystem.

The region is home to several venture capital firms that invest in startups across various sectors, including technology, healthcare, and finance. Some of the top venture capital firms in Catalonia include Caixa Capital Risc, Nauta Capital, and Inveready.

Valencia

Valencia is a region in eastern Spain that includes the city of Valencia, which is known for its innovative startups.

The region is home to several venture capital firms that invest in startups across various sectors, including technology, healthcare, and finance. Some of the top venture capital firms in Valencia include Angels Capital, Big Sur Ventures, and Startcaps Ventures.

Top Venture Capital Firms Spain

Overall, Spain's venture capital ecosystem is thriving, with several regions contributing to its growth. Madrid, Catalonia, and Valencia are among the most active regions in terms of venture capital activity, with several top venture capital firms investing in startups across various sectors.

Future Trends in Spanish Venture Capital

Spain's venture capital industry has been growing rapidly in recent years, with a record-breaking €1.9 billion invested across 691 deals in 2021 alone. This growth is expected to continue, with a number of future trends emerging in the Spanish venture capital space.

One of the key trends is a focus on innovation.

Spanish venture capital firms are increasingly looking for startups that are developing innovative solutions to pressing problems. This is in line with the country's wider push towards innovation, with the Spanish government investing heavily in research and development.

Another trend is the emergence of leading Spanish venture capital firms with global ambition.

These firms are looking to invest not just in Spanish startups, but in promising startups from around the world.

This has the potential to bring more international investment and attention to the Spanish startup ecosystem.

In addition, there is a growing interest in startups that are focused on innovative solutions to global problems.

This includes startups that are working on solutions to climate change, healthcare, and social inequality. Spanish venture capital firms are increasingly looking to invest in these types of startups, which have the potential to make a significant impact on society.

Overall, the future of Spanish venture capital looks promising, with a focus on innovation, global ambition, and innovative solutions to pressing problems.

List of Venture Capital Firms in Spain

As the Spanish startup ecosystem continues to grow and mature, we can expect to see more exciting developments in the years to come.

Challenges and Opportunities for Venture Capital in Spain

Spain has experienced a significant increase in venture capital investments in recent years, making it one of the top destinations for tech startups in Europe. However, challenges remain that need to be addressed to ensure the continued growth and success of the venture capital industry in Spain.

One of the biggest challenges is the limited availability of funds for venture capital investments.

While venture capital firms in Spain have invested a total of €1.9 billion across 691 deals in 2021, there is still a need for more money to be invested in the industry. Private investors and project management firms may need to play a more active role in supporting startups and SMEs in Spain.

Another challenge is the lack of viable startups in Spain. While there has been a significant increase in the number of startups in Spain in recent years, many of them are not considered to be viable. Venture capital firms need to carefully evaluate the potential of startups before investing in them.

Tourism is a significant industry in Spain, but it has been hit hard by the COVID-19 pandemic.

This has created both challenges and opportunities for venture capital in Spain. While some startups in the tourism industry may struggle, others may find new opportunities to innovate and adapt to the changing market.

Despite these challenges, there are also many opportunities for venture capital in Spain.

The country has a strong entrepreneurial ecosystem, with many talented individuals and innovative ideas. Additionally, Spain has a favourable regulatory environment for venture capital investments, making it an attractive destination for investors.

In conclusion, while there are challenges that need to be addressed, there are also many opportunities for venture capital in Spain.

With the right support and investment, the industry has the potential to continue its growth and success in the years to come

Top Venture Capital Firms Spain