Spain's startup scene is getting more attention, and for good reason. A growing number of venture capital firms are backing founders and helping build new companies across the country. You can see the activity in the numbers, with firms like Inveready funding over 270 companies and seeing more than 40 exits. Others, such as K Fund and Kibo Ventures, have each backed over 120 startups, showing a deep commitment to early-stage founders.
Below is our list of the best 35 VC firms in Spain.
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Buy It For $97 $297 →As a leading alternative investor in Southern Europe, Inveready backs companies across diverse stages from seed to private equity. Their multi-strategy approach, covering everything from biotech to venture debt, has led to portfolio companies being acquired by giants like Intel, IBM, and Facebook.
| Headquarters | San Sebastian, Pais Vasco, Spain |
| Year Founded | 2008 |
| Founders | Josep María Echarri, Roger Piqué Pijuan |
| Investment Stage | Debt, Early Stage, Private Equity, Secondary Market, Seed |
| Nº of Investments | 274 (118 as Lead Investor) |
| Nº of Exits | 44 (13 IPO'd) |
| Contact | info@inveready.com / (931)807-263 |
Focusing on the Spanish, Portuguese, and Latin American tech scenes, they provide early-stage venture investments for digital-first companies. Their mission is to advance the regional ecosystem by supporting founders from the earliest stages, with a portfolio that includes successes like Factorial.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2016 |
| Founders | Carina Szpilka, Ian Noel, Iñaki Arrola |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 123 (62 as Lead Investor) |
| Nº of Exits | 10 |
| Contact | info@kfund.vc |
Acurio Ventures is a European venture capital firm that backs visionary founders at the early stages, investing across a wide array of sectors and business models. The firm draws on its own entrepreneurial experience and a flexible investment strategy to help founders build their companies.
| Headquarters | Bilbao, Pais Vasco, Spain |
| Year Founded | 2017 |
| Founders | Ander Michelena |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 102 (18 as Lead Investor) |
| Nº of Exits | 9 |
| Contact | hello@acurio.vc / +34 619528983 |
Grow Venture Partners provides seed funding for startups with a clear purpose and a scalable business model. Their model is built on Conscious Capitalism, offering founders dedicated coaching and training to ensure their personal growth aligns with their company's success.
| Headquarters | Barcelona, Catalonia, Spain |
| Year Founded | 2022 |
| Founders | David Balcells, Francisco Badia, Ignacio Sala, Marc Almendros, María Morales |
| Investment Stage | Seed |
| Nº of Investments | 21 (13 as Lead Investor) |
| Nº of Exits | — |
| Contact | info@growventurepartners.com / +34 93 655 09 35 |
Backed by the Government of Catalonia's public financial institution, ICF Capital provides venture and growth capital to companies operating within the region. The firm manages public and private funds to stimulate local business development and strengthen the Catalan economy.
| Headquarters | Barcelona, Catalonia, Spain |
| Year Founded | 2010 |
| Founders | — |
| Investment Stage | Debt, Early Stage, Private Equity, Seed |
| Nº of Investments | 101 (16 as Lead Investor) |
| Nº of Exits | 11 (3 IPO'd) |
| Contact | infoifem@icf.cat |
JME Ventures provides early-stage, seed, and Series A funding to startups in industries ranging from fintech and logistics to automation. Their support has helped build a portfolio with companies like Twenix, GoTrendier, and Multiverse.com.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2009 |
| Founders | Javier Alarco |
| Total Funding | $115.3M |
| Industries | Fintech, Human Resources, Transportation, Productivity, Automation, Crypto & Blockchain, Supply Chain & Logistics |
| Investment Stage | Early Stage, Seed, Series A |
| Nº of Investments | 107 (40 as Lead Investor) |
| Nº of Exits | 8 (1 IPO'd) |
| Top Portfolio Startups | Twenix, GoTrendier, Multiverse.com |
| Contact | backme@jme.vc / +34 91 423 88 36 |
Big Sur Ventures invests in early-stage technology companies, teaming up with founders from the seed phase onward. Their approach is defined by a personal commitment to each venture, providing hands-on support to help build extraordinary companies.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2011 |
| Founders | José Miguel Herrero, Manuel Mates Garcia |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 75 (20 as Lead Investor) |
| Nº of Exits | 3 |
| Contact | info@bigsurventures.vc / +34 916237731 |
Seaya is a European venture capital platform investing in entrepreneurs who are building global technology companies. The firm accelerates growth by providing access to its global platform and network, with experience scaling companies like Glovo, Cabify, and Wallbox.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2013 |
| Founders | Beatriz Gonzalez |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 94 (46 as Lead Investor) |
| Nº of Exits | 12 (1 IPO'd) |
| Contact | info@seayaventures.com / +34 911 108 697 |
Kibo Ventures backs early-stage digital companies with committed teams aiming to capture large, international markets. The firm takes a hands-on role, following a stage-investment approach to provide ongoing financial support and promote co-investment as its companies grow.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2012 |
| Founders | Aquilino Pena, Javier Torremocha |
| Total Funding | €1.5B |
| Average Check Size | €5M |
| Industries | Social, API, Fintech, Travel & Hospitality, Transportation, SaaS, Cloud, AI & ML, Big Data & Analytics, E-Commerce, Consumer, Enterprise, Proptech & Real Estate, Marketplace |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Private Equity, Seed, Series A |
| Nº of Investments | 122 (34 as Lead Investor) |
| Nº of Exits | 21 (2 IPO'd) |
| Top Portfolio Startups | Trip4real, Jetlore, Captio |
| Contact | hello@kiboventures.com / +34 910 55 48 01 |
Combining investment with consulting, Axon Partners Group supports technology and innovation companies across their entire lifecycle, from seed funding to post-IPO. This model provides portfolio companies in sectors like healthcare and deep tech with both the capital to grow and the strategic guidance to succeed.
| Headquarters | Madrid, Madrid, Spain |
| Year Founded | 2006 |
| Founders | Alfonso de Leon, Francisco Velazquez, Pierluigi Paracchi |
| Total Funding | $40M |
| Industries | Energy, Healthcare, Life Sciences, Deep Tech & Hard Science |
| Investment Stage | Early Stage, Initial Coin Offering, Late Stage, Post-Ipo, Seed |
| Nº of Investments | 90 (52 as Lead Investor) |
| Nº of Exits | 14 (6 IPO'd) |
| Top Portfolio Startups | Dogfy Diet, Billpocket, BYHOURS |
| Contact | maria.capote@axonpartnersgroup.com / +34 91 310 28 94 |
25 Additional Spain VC Firms Worth Pitching
Our top picks represent some of the most active firms, but the list of investors backing Spanish startups is much longer. There are many other VCs writing checks and helping founders grow. Together, these additional firms have backed over 750 startups and guided more than 50 to an exit. Here’s a look at the rest of the venture capital firms funding what's next in Spain.