Bullnet Capital

Bullnet Capital, established in 2001, is a Madrid-based venture capital firm specializing in early-stage investments. It focuses on technology-oriented projects, particularly in software, hardware, and high-value-added services, with a primary focus on companies based in Spain. The firm typically invests between €1 million and €2.5 million per round, with flexibility to consider smaller or larger rounds, and often co-invests in larger projects. Bullnet Capital has a strong track record in the healthcare sector and is open to investments in other technology sectors, aiming to support around 15 companies per fund.

Carmen Arenzana

Financial Director

Miguel del Cañizo

Founding Partner and Board Member

Jorge Fernández

Investment Associate

Past deals in Madrid

Wooptix

Series C in 2025
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in developing advanced imaging technologies. The company focuses on light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. Wooptix's platform enables the three-dimensional modulation of images, allowing for higher data points at elevated frame rates in volumetric images and videos. This technology facilitates enhanced image quality and advanced post-processing capabilities, providing users with innovative ways to interact with and visualize their environments. Wooptix aims to improve human experiences through its cutting-edge imaging solutions.

Wooptix

Series B in 2023
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in developing advanced imaging technologies. The company focuses on light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. Wooptix's platform enables the three-dimensional modulation of images, allowing for higher data points at elevated frame rates in volumetric images and videos. This technology facilitates enhanced image quality and advanced post-processing capabilities, providing users with innovative ways to interact with and visualize their environments. Wooptix aims to improve human experiences through its cutting-edge imaging solutions.

2EyesVision

Series A in 2023
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Series A in 2022
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Funding Round in 2022
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

KDPOF

Series C in 2021
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

2EyesVision

Venture Round in 2020
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Venture Round in 2017
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

Wooptix

Series A in 2016
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in developing advanced imaging technologies. The company focuses on light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. Wooptix's platform enables the three-dimensional modulation of images, allowing for higher data points at elevated frame rates in volumetric images and videos. This technology facilitates enhanced image quality and advanced post-processing capabilities, providing users with innovative ways to interact with and visualize their environments. Wooptix aims to improve human experiences through its cutting-edge imaging solutions.

KDPOF

Series B in 2014
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

KDPOF

Venture Round in 2012
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

KDPOF

Venture Round in 2011
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

Netspira Networks

Venture Round in 2002
Netspira Networks develops software tools and applications for the management of added-value services in the data networks of mobile telephone operators. Founded in 2001, it is based in Madrid, Spain.
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