Seed Capital Bizkaia

Seed Capital Bizkaia is a venture capital firm established in 1989 and located in Bilbao, Spain. It operates under the auspices of the Biscay Regional Council's Department of Economic Development and Innovation. The firm is dedicated to investing in a diverse range of sectors, excluding finance, real estate, and marketing. Its primary objective is to support and promote entrepreneurial initiatives within the region, contributing to the economic development of Biscay through strategic investments. By focusing on innovative ventures, Seed Capital Bizkaia aims to foster growth and sustainability in the local economy.

Susana Celaya

Director

Oscar Ugarte

Managing Director

Past deals in Spain

Begas Motor

Venture Round in 2025
Begas Motor, S.L., founded in 2015 and located in Loeches, Spain, specializes in the design and manufacture of alternative fuel engines and associated technologies. The company focuses on liquefied petroleum gas (LPG) systems, offering products that include engine control electronics, communication buses, and diagnostic systems. Notably, Begas has developed the first engine for industrial vehicles powered entirely by LPG, enabling the remotorization of vehicles to meet ecological standards, specifically achieving the Euro VI certification.

Barbara

Seed Round in 2022
Barbara IoT S.L. is a Madrid-based company established in 2016 that specializes in developing software for internet of things (IoT) devices. The company offers solutions that facilitate the integration of data into various cloud systems, including big data platforms, enterprise resource planning, and customer relationship management systems, while also providing security and unified device access services. Additionally, Barbara serves as an Edge AI platform for organizations aiming to enhance their artificial intelligence deployments within distributed environments. Its offerings are particularly tailored for energy distributors, infrastructure operators, and industrial manufacturers, enabling them to add intelligence to their equipment while ensuring privacy, autonomy, and real-time capabilities that cloud solutions may not provide.

Barbara

Seed Round in 2021
Barbara IoT S.L. is a Madrid-based company established in 2016 that specializes in developing software for internet of things (IoT) devices. The company offers solutions that facilitate the integration of data into various cloud systems, including big data platforms, enterprise resource planning, and customer relationship management systems, while also providing security and unified device access services. Additionally, Barbara serves as an Edge AI platform for organizations aiming to enhance their artificial intelligence deployments within distributed environments. Its offerings are particularly tailored for energy distributors, infrastructure operators, and industrial manufacturers, enabling them to add intelligence to their equipment while ensuring privacy, autonomy, and real-time capabilities that cloud solutions may not provide.

Begas Motor

Private Equity Round in 2019
Begas Motor, S.L., founded in 2015 and located in Loeches, Spain, specializes in the design and manufacture of alternative fuel engines and associated technologies. The company focuses on liquefied petroleum gas (LPG) systems, offering products that include engine control electronics, communication buses, and diagnostic systems. Notably, Begas has developed the first engine for industrial vehicles powered entirely by LPG, enabling the remotorization of vehicles to meet ecological standards, specifically achieving the Euro VI certification.

SATLANTIS

Series A in 2016
SATLANTIS is a company specializing in the design and manufacture of high-performance Earth observation payloads for small satellites, operating from both Spain and Florida. It focuses on developing advanced microsatellite technology, including its flagship product, the Integrated Standard Imager for Earth Observation Microsatellites (iSIM). This optical imaging system is tailored for microsatellites weighing between 20 to 75 kilograms, delivering exceptional performance and flexibility at a reduced cost compared to traditional Earth observation instruments. SATLANTIS aims to foster collaboration among universities, industries, and government agencies to enhance the utilization of microsatellite constellations for scientific and commercial purposes. The company is also forming partnerships in the U.S. and Europe to establish the necessary infrastructure for the manufacture, integration, launch, and operation of standardized microsatellites, while leveraging AI-enabled payloads to enhance remote sensing capabilities and provide clients with high-resolution Earth observation services.

Boletus Network

Seed Round in 2016
Boletus Network, SL is a company based in Bilbao, Spain, established in 2012. It specializes in developing a location-based mobile application for iPhone and Android users, which enables them to view real-time offers and advantages from nearby stores and hotels. The application also allows users to make purchases directly in the participating establishments where the offers are available. Through its innovative platform, Boletus Network enhances the shopping experience by providing users with timely access to local deals.

StemTek Therapeutics

Seed Round in 2016
StemTek Therapeutics is a biopharmaceutical company dedicated to the research and development of innovative drugs for cancer treatment, specifically targeting cancer stem cells. Founded in 2013 and based in Derio, Spain, the company employs advanced technologies, including 3D culture models, to profile the effects of drug compounds on cancer stem cell populations. StemTek offers a range of research services, such as functional high-throughput screening and in vivo efficacy studies, to support drug discovery and development. By focusing on a stem cell-centric approach, StemTek aims to enhance cancer therapy options for physicians, facilitating more effective treatment strategies against this challenging disease.

Oberon Space

Seed Round in 2007
Oberon Space S.L.L provides comprehensive software and hardware engineering services tailored for the aerospace sector. The company specializes in systems design and analysis, modeling of space effects and environments, flight dynamics, and mission analysis. It develops guidance, navigation, and control simulators, along with attitude control systems, control moment gyroscopes, and laser communications solutions. Additionally, Oberon Space engages in the design and development of simulators, printed circuit boards (PCBs), electronic circuits, unmanned aerial vehicles (UAVs), and inertial navigation systems. With a focus on the space, defense, science, and telecommunications industries, Oberon Space is headquartered in Zamudio, Spain.
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