Spain is a hub for many startup incubators, accelerators, angel investors, as well as venture capital firms. As per a report published by Delaroom, Spain’s startup ecosystem is worth around  €100B, witnessing a growth of 3.6x since 2018.

So, to help with your question, are there any top-ranked VC firms in Spain that are actively funding businesses?

Yes! There are a lot of venture capital firms in Spain. To help you pick and pitch to some of these firms, we have prepared the following list of the top VC firms in Spain. 

Top 9 Venture Capital Firms in Spain

Here is the list of some of the top-ranked VC firms in Spain, as per their active involvement and total number of investments.

Demium Capital

Demium Capital is a venture capital firm that specializes in investing in pre-seed and seed-stage startups. It has a huge number of investments with an average of 75 investments per year and has a presence in multiple countries in Europe.

Similarly, Demium Capital works with entrepreneurs from the inception of their startups and helps them come across different challenges faced through the stages of a startup. They also have a huge network of 1000 investors who invest through pitching competitions, public fundraisers, and startup accelerators.

The investment range of Demium Capital is around  €200,000. 

Inveready 

Inveready is also a prominent asset manager and VC firm in Spain. Their investment focus is usually on early-stage venture capital (VC), growth VC, venture debt, strategic public equity, private equity, and infrastructure. The firm is currently managing around 1.2 Billion in assets and has been often named as one of the most active VC firms by SpainCap.

Moreover, the network consists of many experienced investors who fund and guide startups. Every year, Inveready organizes 2 to 4 pitching competitions and selects startups through an online screening test. Startups that are most sector-relevant and have the highest ROI get selected for a physical presentation.

The investment range of Inveready can range up to  €2M.

Seaya Ventures 

Seaya Ventures is a European and Latin American VC firm that invests in global tech startups. They focus on sectors such as mobility, clean energy, agriculture, fintech, food, healthcare, proptech, cybersecurity, industry tech, and content.

Similarly, Seaya Ventures invests in seed and early-stage startups that are led by experienced founders. The investors also have a criterion of only investing in sustainable startups that have a strong team and can easily generate 3-4x ROI. Currently, Seaya Ventures manages over €600 million across five early-stage venture funds. They have successfully exited from 18 companies.

The investment range of Seaya Ventures lies between  €1.5 to  €10M.

Kibo Ventures

Kibo Ventures is a European venture capital firm that empowers tech entrepreneurs to solve significant problems and helps them scale. Their portfolio companies have collectively raised over €1.5 billion in funding. Kibo Ventures manages four funds with a total of €300 million in assets under management and has backed four unicorn companies.

Moreover, the firm usually invests in SaaS, AI, machine learning, consumer apps, marketplace, travel, e-commerce, cybersecurity, IoT, and gaming. They are headquartered in Madrid but fund startups across Europe and the US.

The investment range of Kibo Ventures is between  €1M to  €5M.

K Fund

K Fund is also one of the most renowned VC funds in Spain. The firm was founded by Iñaki Arrola, Carina Szpilka, and Ian Noel as it aims to accelerate the Spanish venture capital industry. Their entrepreneur-centric philosophy revolves around providing value to technology companies with global ambitions. They invest in early-stage Internet and mobile companies.

Additionally, K Fund manages over €600 million across three funds, manages over  €600 Million across three funds and has had 6 exits. The investors usually fund startups in the consumer, technology, and healthcare sectors.

The investment range of K Fund is often dependent on the startup as they invest across all stages. Generally, the check size can range up to  €10M.

All Iron Ventures

All Iron Ventures is also an active VC firm in Spain. It is headquartered in Bilbao and usually funds 5-6 startups every year. All Iron Ventures consists of experienced investors who want to support entrepreneurs who are building sustainable solutions for the consumer.

When funding startups, the firm looks for businesses that solve real-time problems in the respective sector and usually invest in the seed stages of a startup. The team of investors is more interested in bold entrepreneurs who can prove their startup's growth potential and are ready to scale on an international level. 

Aside from investment activities, All Iron Ventures is also known for organizing different startup events such as networking events or fundraisers. The investment range of All Iron Ventures is around  €1M.

Nauta Capital

Nauta Capital, founded in 2013, is a European venture capital firm that invests in early-stage B2B software companies. They are interested in disruptive digital media companies and enabling technologies for mobile and the internet.

Moreover, the firm has successfully exited 8 businesses and is known for its amazing mentorship programs and business workshops. Initially, Nauta Capital conducts a pitching competition and allows startup leaders to apply from their website. Once the process has been finalized, startup leaders can appear for physical/online presentations.

Nauta Capital often prefers startups with an operational product and some traction, even if still pre-revenue. They are open to various sectors, including SaaS, AI, machine learning, consumer apps, marketplace, travel, e-commerce, cybersecurity, IoT, and gaming.

The investment range of Nauta Capital is between  €1M to  €5M.

Cemex Ventures

Cemex Ventures is the Corporate Venture Capital arm of Cemex, a global leader in building materials and construction solutions. The VC Firm has a strong presence across the EU and is known for its active involvement in funding early and seed-stage companies.

When funding businesses, Cemex Ventures invests in innovative startups that can revolutionize the construction industry and have a decent growth potential. Despite being based in Madrid, Cemex Ventures has a global focus and believes in making sustainable responsible investments.

The investment range of Cemex Ventures is around  €5-10M. 

Columbus Venture Partners

Columbus Venture Partners is a Spanish independent venture capital firm with a unique approach to investing in early-stage and high-growth startups. They actively seek out promising projects arising from renowned Spanish research institutions.

When funding startups, the firm seeks to invest in innovative startup ideas that can easily go international with the help of some funding. The team of investors wants a startup that is led by a strong team and an experienced startup leader. 

Once a startup has been funded, Columbus Ventures also provides it with various mentorship programs, workshops, and networking events. 

The investment range of Columbus Ventures is around  €5M.

Wrap-Up:

So, the list of top angel investors in Spain has finally come to an end. However, before concluding the discussion, we will share some important words to help you secure funding.

Before appearing for a pitch deck, spend some hours researching the specific VC firm or angel investor who will be meeting with you. Understand what he/she likes to see in a startup and present your pitch deck accordingly. If you’re feeling confused about how to prepare a pitch deck, check out some good examples of successful pitch decks to get started. 

Frequently Asked Questions