Top 26 Venture Capital Firms in Spain in 2022

The startup community has been growing in Spain in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Spain.

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26 Venture Capital Firms in Spain

1) MassChallenge

MassChallenge is a startup accelerator providing early-stage capital and mentorship to startups across North America and Europe.

Details of the VC firm:

• Country: USA, Israel, Mexico, Switzerland, South Korea, Australia, China, Colombia, France, Poland, Ireland, Taiwan, Thailand, United Kingdom, Spain, Russia, Morocco
• City: Boston, Texas City
• Started in: 2010
• Founders: John Harthorne, Akhil Nigam
• Industries: Fintech, Healthcare, Cybersecurity, Climate & Sustainability
• Stages: Early Stage
• Maximum check size: $2,000,000
• Number of investments: 2103
• Number of exits: 562
• Funds raised: $8,600,000,000
• 3 remarkable investments: Frenalytics, Neurava, SheFly

You can find their website here.

You can send them an email at info@masschallenge.org.

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2) Plug and Play Tech Center

Plug and Play provides an array of services including accelerators, mentorships, and capital to entrepreneurs of all backgrounds.

Details of the VC firm:

• Country: USA, Canada, Brazil, United Arab Emirates, Netherlands, Belgium, Spain, Switzerland, Morocco, Germany, Turkey, South Africa, Italy, France, China, Japan, South Korea
• City: Chicago, Cleveland, Detroit, São Paulo, Topeka, Toronto, Abu Dhabi, Amsterdam, Antwerp, Barcelona, Basel, Ben Guerir, Cairo, Geneva, Hamburg, Istanbul, Johannesburg, Madrid, Milan, Munich, Paris, Bangkok, Beijing, Kyōto, Ōsaka, Seoul, San Francisco
• Started in: 2006
• Founders: Ali Safavi, Jackie Hernandez, Saeed Amidi
• Industries: DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy
• Stages: Early Stage, Series A, Series B, Series C
• Minimum check size: $50,000
• Maximum check size: $250,000
• Number of investments: 1447
• Number of exits: 140
• Funds raised: $45,500,000
• 3 remarkable investments: Truebill, Honey, Life360

You can find their website here.

You can send them an email at investment@plugandplaytechcenter.com.

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3) Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

• Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
• City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
• Started in: 1998
• Industries: Life Sciences, Industrial
• Stages: Pre-Seed, Seed, Series A, Series B, Series C
• Maximum check size: €50,000
• Number of investments: 686
• Number of exits: 78
• Funds raised: €216,100,000
• 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

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4) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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5) Caixa Capital

Caixa Capital Risc is a Spanish venture capital investing in three main themes: Information Technology, Life Sciences, and Industrial Technologies.

Details of the VC firm:

• Country: Spain
• City: Madrid, Barcelona
• Started in: 2004
• Founders: Xavier Álvarez Forn
• Industries: Life Sciences, Climate & Sustainability, Industrial, AI & ML, Big Data & Analytics, IoT, Cybersecurity, Cloud, Enterprise, Fintech, InsurTech, Agriculture, Marketing, Supply Chain & Logistics
• Stages: Seed, Series A
• Minimum check size: €250,000
• Maximum check size: €2,000,000
• Number of investments: 320
• Number of exits: 159
• Funds raised: €181,100,000
• 3 remarkable investments: iPronics, AlgaEnergy, Cebiotex

You can find their website here.

You can send them an email at protecciondatos@caixacapitalrisc.es.

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6) Eurazeo

Eurazeo is an investment firm providing initial to Series C deals to digital services and technologies companies.

Details of the VC firm:

• Country: USA, Brazil, United Kingdom, Spain, France, Luxembourg, Germany, Italy, Singapore, China, South Korea
• City: New York, São Paulo, London, Madrid, Paris, Luxembourg, Frankfurt, Milan, Berlin, Singapore, Shanghai, Seoul
• Started in: 2001
• Founders: Michel David-Weill, Virginie Morgon
• Industries: DTC, Cloud, Climate & Sustainability, Consumer, Enterprise, Healthcare, Fintech, Food & Beverage, Internet & Mobile, Industrial, Travel & Hospitality, Life Sciences, Proptech & Real Estate, Advertising, Marketing, SaaS
• Stages: Early Stage, Series C, Seed, Series A, Series B
• Number of investments: 220
• Number of exits: 50
• Funds raised: €3,250,000,000
• 3 remarkable investments: Nest New York, Deezer, Gisou

You can find their website here.

You can send them an email at accueil@eurazeo.com.

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7) Heartcore Capital

Heartcore is a consumer technology VC investing in European B2C and B2B2C companies.

Details of the VC firm:

• Country: Denmark, Germany, France, USA, Austria, Sweden, Spain, Hungary, Poland, United Arab Emirates
• City: Copenhagen, Berlin, Paris, Lisbon, Stockholm
• Started in: 2007
• Founders: Jimmy Fussing Nielsen, Christian Lindegaard Jepsen,
• Industries: Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy
• Stages: Early Stage, Seed, Pre-Seed, Series A
• Minimum check size: €300,000
• Maximum check size: €6,000,000
• Number of investments: 210
• Number of exits: 51
• 3 remarkable investments: Reddit, Insight, Werlabs

You can find their website here.

You can send them an email at contact@heartcore.com.

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8) Nauta Capital

With offices across Europe, Nauta Capital invests in B2B software companies from seed to series A.

Details of the VC firm:

• Country: Spain
• City: Madrid
• Started in: 2016
• Founders: Jose Del Barrio
• Industries: Enterprise, SaaS, Deep Tech & Hard Science
• Stages: Early Stage, Seed, Series A
• Minimum check size: $1,000,000
• Maximum check size: $3,000,000
• Number of investments: 156
• Number of exits: 34
• Funds raised: $190,000,000
• 3 remarkable investments: Cledara, Circular, Loyal Guru

You can find their website here.

You can send them an email at london@nautacapital.com.

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9) The Venture City

The Venture City is a female-founded VC firm investing in early-stage startups across America and Europe.

Details of the VC firm:

• Country: USA, Spain
• City: Miami, Madrid
• Started in: 2017
• Founders: Laura González-Estéfani
• Industries: Fintech, Advertising, Media, Marketing, SaaS, Mobility, Marketplace, Sports, Travel & Hospitality, Cybersecurity, Health & Wellness, Proptech & Real Estate, E-Commerce, Supply Chain & Logistics, Productivity, Gaming
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: $100,000
• Maximum check size: $4,000,000
• Number of investments: 123
• Number of exits: 11
• Funds raised: $125,000,000
• 3 remarkable investments: Bfore.Ai, Delitbee, Sturdy Exchange

You can find their website here.

You can send them an email at hello@theventure.city.

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10) JME Capital

JME Venture Capital partners with Spanish founders since 2009.

Details of the VC firm:

• Country: Spain
• City: Madrid
• Started in: 2009
• Founders: Javier Alarcó
• Industries: Fintech, Human Resources, Transportation, Productivity, Automation, Crypto & Blockchain, Supply Chain & Logistics
• Stages: Early Stage, Seed, Series A
• Number of investments: 89
• Number of exits: 20
• Funds raised: $115,300,000
• 3 remarkable investments: Twenix, GoTrendier, Multiverse.com

You can find their website here.

You can send them an email at backme@jme.vc.

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11) Mundi Ventures

Mundi Venture is a global VC firm investing in companies targeting the Spanish-speaking market across the areas of technology, fintech, and B2B tech.

Details of the VC firm:

• Country: Spain
• City: Madrid, Barcelona
• Started in: 2016
• Founders: Rajeev Singh-Molares
• Industries: InsurTech, Fintech, Deep Tech & Hard Science, Climate & Sustainability, Cybersecurity, Healthcare
• Stages: Early Stage, Late Stage, Series A, Series B
• Minimum check size: €5,000,000
• Maximum check size: €10,000,000
• Number of investments: 87
• Number of exits: 8
• Funds raised: €250,000,000
• 3 remarkable investments: Element Insurance, Convelio, Betterfly

You can find their website here.

You can send them an email at contact@mundiventures.com.

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12) Seaya Ventures

Seaya ventures is a European tech venture capital providing seed to series B funding.

Details of the VC firm:

• Country: Spain
• City: Bilbao
• Started in: 1989
• Industries: Fintech, InsurTech, Education, Healthcare, Mobility, Proptech & Real Estate, Cybersecurity, Agriculture
• Stages: Series A, Series B
• Minimum check size: $5,000,000
• Maximum check size: $10,000,000
• Number of investments: 79
• Number of exits: 16
• Funds raised: $165,000,000
• 3 remarkable investments: Seabery, Wuolah, Alma

You can find their website here.

You can send them an email at info@seayaventures.com.

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13) 4Founders Capital

4Founders typically co-invest with angel investors and other VC firms to fund early-stage European tech companies.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2017
• Founders: Javier Perez-Tenessa
• Industries: Fintech, SaaS, Travel & Hospitality, Crypto & Blockchain, Gaming, Education, Climate & Sustainability, Entertainment, Marketplace
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: €100,000
• Maximum check size: €4,000,000
• Number of investments: 65
• Number of exits: 9
• Funds raised: €62,000,000
• 3 remarkable investments: StockAgile, Improfit, Banktrack

You can find their website here.

You can send them an email at info@4founderscapital.com.

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14) Breega

Breega is a European venture capital firm backing ambitious founders from seed or series A to growth stages.

Details of the VC firm:

• Country: United Kingdom, France, Spain
• City: London, Paris, Barcelona
• Started in: 2013
• Founders: Ben Marrel, François Paulus, Maximilian Bacot
• Industries: Advertising, Agriculture, Consumer, Cybersecurity, Fintech, Hardware, Healthcare, IoT, Human Resources, InsurTech, Supply Chain & Logistics, Marketing, Productivity, Mobility, Proptech & Real Estate, Quantum Computing
• Stages: Seed, Early Stage, Series A
• Minimum check size: €500,000
• Maximum check size: €15,000,000
• Number of investments: 65
• Number of exits: 6
• Funds raised: €465,000,000
• 3 remarkable investments: WayKonect, Ponicode, Lylo

You can find their website here.

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15) Kibo

Kibo Ventures is a Spanish venture capital firm financing tech startups in Europe.

Details of the VC firm:

• Country: Spain, Portugal
• City: Madrid, Lisbon, Barcelona
• Started in: 2012
• Founders: Aquilino Peña, Javier Torremocha, José María Amusátegui
• Industries: Social, API, Fintech, Travel & Hospitality, Transportation, SaaS, Cloud, AI & ML, Big Data & Analytics, E-Commerce, Consumer, Enterprise, Proptech & Real Estate, Marketplace
• Stages: Seed, Series A
• Minimum check size: €2,000,000
• Maximum check size: €5,000,000
• Number of investments: 63
• Number of exits: 20
• Funds raised: €1,500,000,000
• 3 remarkable investments: Trip4real, Jetlore, Captio

You can find their website here.

You can send them an email at hello@kiboventures.com.

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16) Bonsai Venture Capital

Bonsai Venture Capital has been investing in early-stage companies since 1999.

Details of the VC firm:

• Country: Turkey, Belgium, Spain, Saudi Arabia, Colombia
• City: Riyadh, Brussels, Madrid, Istanbul, Bogotá, Medellín
• Started in: 2006
• Founders: Alfonso De León
• Industries: Gaming, Fintech, Healthcare, Cybersecurity, Travel & Hospitality
• Stages: Early Stage, Growth
• Minimum check size: €250,000
• Maximum check size: €2,500,000
• Number of investments: 63
• Number of exits: 38
• Funds raised: €3,500,000
• 3 remarkable investments: Frenetic, Signaturit, Miss Tipsi

You can find their website here.

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17) Ysios Capital

Based in Spain, Ysios Capital is a European venture capital firm investing in early to mid-stage life science companies since 2008.

Details of the VC firm:

• Country: Spain
• City: Barcelona, San Sebastián de los Reyes
• Started in: 2008
• Founders: Joël Jean-Mairet
• Industries: Life Sciences, Biotech
• Stages: Series A
• Maximum check size: €20,000,000
• Number of investments: 61
• Number of exits: 16
• Funds raised: €260,000,000
• 3 remarkable investments: Mineralys, Corwave, SparingVision

You can find their website here.

You can send them an email at ysios@ysioscapital.com.

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18) Adara Ventures

Adara Ventures, based in Spain, supports European founders in building breakthrough solutions in the B2B market.

Details of the VC firm:

• Country: Spain, Luxembourg
• City: Madrid, Luxembourg
• Started in: 2005
• Founders: Alberto Gomez, Jesus Sainz, Nicolas Goulet
• Industries: Cybersecurity, Deep Tech & Hard Science, Cloud, SaaS, Developer Tools, Devops
• Stages: Early Stage, Seed
• Number of investments: 60
• Number of exits: 11
• 3 remarkable investments: Bigle Legal, Carevelo, Freeverse.Io

You can find their website here.

You can send them an email at info@adara.vc.

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19) Market One Capital

Market One Capital is a pan-European seed fund only investing in marketplace startups.

Details of the VC firm:

• Country: Luxembourg, Poland, Spain
• City: Warsaw, Barcelona
• Started in: 2017
• Founders: Marcin Zabielski
• Industries: SaaS, Marketplace, Marketing, Big Data & Analytics, Cloud, Fintech
• Stages: Seed
• Minimum check size: €200,000
• Maximum check size: €1,500,000
• Number of investments: 57
• Number of exits: 19
• Funds raised: €45,000,000
• 3 remarkable investments: Docplanner, Brainly, Tier Mobility

You can find their website here.

You can send them an email at marketing@moc.vc.

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20) Samaipata

Samaipata backs early-stage founders building companies in Europe.

Details of the VC firm:

• Country: Germany, Spain, United Kingdom
• City: Berlin, Barcelona, London
• Started in: 2004
• Founders: Daniel Sanchez
• Industries: Marketplace, E-Commerce, DTC, Consumer, Human Resources, Legal, Food & Beverage, SaaS, Enterprise
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: €500,000
• Maximum check size: €750,000
• Number of investments: 54
• Number of exits: 6
• Funds raised: €200,000,000
• 3 remarkable investments: Geomiq, Karmen, Fintecture

You can find their website here.

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21) Axon Partners Group

Axon Partners Group is a sector-agonistic global investment firm since 2006.

Details of the VC firm:

• Country: Spain
• City: Madrid
• Started in: 1999
• Founders: Javier Cebrián Monereo
• Industries: Energy, Healthcare, Life Sciences, Deep Tech & Hard Science
• Stages: Early Stage
• Number of investments: 50
• Number of exits: 17
• Funds raised: $40,000,000
• 3 remarkable investments: Dogfy Diet, Billpocket, BYHOURS

You can find their website here.

You can send them an email at marketing@axonpartnersgroup.com.

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22) Active Venture Partners

Active Venture Partners is an early-stage VC funding European companies in B2B software, B2C, internet, media, communication, cleantech and security industries.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2002
• Founders: Christopher Pommerening
• Industries: Advertising, Social, Internet & Mobile, SaaS, Cybersecurity, Healthcare, E-Commerce, Big Data & Analytics
• Stages: Early Stage, Seed, Series A
• Number of investments: 46
• Number of exits: 23
• Funds raised: $74,000,000
• 3 remarkable investments: ODILO, Incubout, Percentil

You can find their website here.

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23) Nina Capital

Nina Capital is a Spanish VC firm investing in health tech companies.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2019
• Founders: Marta-Gaia Zanchi
• Industries: Healthcare, Deep Tech & Hard Science
• Stages: Pre-Seed, Seed, Series A
• Minimum check size: €250,000
• Maximum check size: €500,000
• Number of investments: 34
• Number of exits: 1
• Funds raised: €63,600,000
• 3 remarkable investments: Ultromics, Medasystem, Zetta Genomics

You can find their website here.

You can send them an email at info@nina.capital.

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24) Asabys Partners

Asabys Partners is a Spanish venture capital specialising in health tech and biopharma investments.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2019
• Founders: Josep Ll. Sanfeliu
• Industries: Healthcare, Life Sciences
• Stages: Early Stage
• Number of investments: 17
• Number of exits: 1
• Funds raised: $55,000,000
• 3 remarkable investments: AgomAb Therapeutics, Sidekick, Origo Biopharma

You can find their website here.

You can send them an email at info@asabys.com.

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25) Lanta Digital Ventures

Lanta Digital Ventures is a Spanish venture capital investing in early-stage European startups.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2013
• Founders: Ángel García
• Industries: Internet & Mobile, Advertising, E-Commerce, Gaming, Media, Social, Healthcare, Big Data & Analytics
• Stages: Seed, Early Stage
• Number of investments: 9
• Number of exits: 4
• Funds raised: $1,200,000
• 3 remarkable investments: Populetic, Traity, Apartum

You can find their website here.

You can send them an email at investors@lantacapital.com.

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26) Invivo Capital

Invivo Ventures is a Spanish investment firm providing capital to early-stage healthcare companies.

Details of the VC firm:

• Country: Spain
• City: Barcelona
• Started in: 2019
• Founders: Luís Pareras
• Industries: Biotech, Healthcare, Life Sciences
• Stages: Early Stage
• Minimum check size: €500,000
• Maximum check size: €2,000,000
• Number of investments: 8
• Funds raised: €44,400,000
• 3 remarkable investments: Corteria Pharmaceuticals, Gyala Therapeutics, Pulmobiotics

You can find their website here.

You can send them an email at info@invivo.capital.

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