ICF Capital is a private equity and venture capital firm based in Barcelona, Spain, founded in February 2010. It specializes in direct investments and manages venture capital funds with a focus on supporting mid-sized companies in Catalonia. ICF Capital primarily targets sectors such as information technology, biotechnology, social services, and electronics, among others. The firm typically invests between €0.5 million and €2.4 million in companies with annual sales ranging from €0.3 million to €100 million, often acquiring minority stakes. It operates as a subsidiary of the Institut Català de Finances, a public financial institution established in 1985 to enhance funding access for enterprises in Catalonia. ICF Capital manages two venture capital firms, ICF Capital Expansió II and ICF Venture Tech II, and aims to foster the growth of innovative startups and mid-market companies through its investment activities.

Inveready Asset Management is a San Sebastián, Spain-based venture capital firm established in 2008 that specializes in incubation, seed and early-stage investments, venture debt and growth capital. It focuses on technology and biotechnology sectors across Spain and Europe, with a preference for opportunities in Catalonia and the Madrid region, and operates offices in Barcelona and Madrid. The firm backs startups in software, security, hardware, fintech, healthcare technology and related fields, typically investing at early to expansion stages. Through multiple investment vehicles, Inveready supports a broad portfolio of companies and seeks exits via acquisitions by multinational buyers or public listings. The group emphasizes a hands-on approach to help portfolio companies scale, and while its activity is anchored in Spain, it pursues a wider European tech and biotech investment scope.

Criteria Venture Tech is a Barcelona-based venture capital firm that serves as the technology investing arm of CriteriaCaixa. It backs B2B software, SaaS, and deep-tech companies across Europe, the United States, and Canada, targeting both early and growth-stage opportunities. The firm focuses on information technology, SaaS, and related B2B sectors, with typical equity investments ranging from 0.5 to 20 million euros to support international growth and product-scale efforts.

Lanai Ventures is a Barcelona-based venture capital firm, founded in 2016, that backs early-stage startups in Spain with a sector-agnostic approach focused on pre-seed and seed rounds. It leverages a network of prominent founders who participate as investors, providing strategic guidance and connections to portfolio companies across information technology, financial services, consumer products and services, and related sectors.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

JME Venture Capital is a Madrid-based early-stage venture capital firm founded in 2009 that invests in technology companies across Europe, with a focus on Spain. The firm backs seed and early-stage startups across sectors including information technology, SaaS, mobile, e-commerce, fintech, edtech, gaming, and related digital businesses, as well as hardware and other technology-enabled ventures. It operates from Madrid and has activity in Barcelona, seeking opportunities primarily in Spain while exploring international deals. Investments are typically made in early rounds to support growth and product development.

4Founders Capital is a venture capital firm based in Barcelona, Spain, established in 2017 to back high-growth technology companies. The firm focuses on information technology and related digital businesses, seeking market-tested products or services with scalable models and clear paths to revenue and profitability. It emphasizes strong teams and capital-efficient growth, aiming to help portfolio companies reach international markets. Investments range from €100,000 at early stages to follow-on funding up to €4 million per company, with co-investors commonly involved to support growth. By combining operational insight with a focus on scalable, revenue-generating technology ventures, 4Founders Capital seeks to maximize value for its portfolio while supporting entrepreneurs to build global leaders.

Cabiedes & Partners is a Madrid-based venture capital firm founded in 2009 that provides seed and early-stage investments, and in some cases later-stage financing, focusing on Internet, fintech, and technology sectors in Spain, particularly Madrid and Barcelona. The firm typically makes initial investments in the range of €50,000 to €500,000 with enterprise values of €1 million to €5 million, and follows on with €1-2 million investments. It seeks minority stakes, often around 10-20%, with funding sometimes deployed from personal capital.

K Fund is a Madrid-based venture capital firm that backs startups at early stages, with investments across Spain, Portugal and Latin America. Founded in 2016 by Inaki Arolla, Carina Szpilka and Ian Noel, it focuses on digital-first, technology-driven companies with global growth potential. The firm pursues seed, early and later stage investments in sectors including information technology, mobile, big data, e-commerce, gaming, the internet of things, and both business and consumer products and services. It is based in Madrid and maintains offices in Barcelona and Lisbon to cover the Spain and Portugal region.

Asabys Partners is a venture capital firm based in Barcelona, Spain, established in 2018, that focuses on the life sciences and healthcare sectors. The firm backs companies across healthtech, biopharma, and related areas, investing in innovations with potential to transform medicine and patient care both in Spain and internationally. It emphasizes sourcing and financing disruptive technologies and collaborates with industry talents to push the boundaries of science and medicine.

Bonsai Partners is a venture capital firm based in Madrid, Spain. It invests in European technology startups, pursuing both primary and secondary opportunities across pre-series A to series C rounds.

Nero Ventures is a Barcelona-based venture capital firm that invests across Europe in seed- to growth-stage technology companies, with a focus on enterprise software and B2B2C models. Its focus includes cloud, SaaS, data centers, security, and networking, as well as advertising, e-commerce, marketplaces, and mobile services. The firm emphasizes sector and technology specialization and active investment management to help portfolio companies scale through a pan-European network.

Grupo ItNet is an internet business incubator and venture capital firm based in Barcelona, Spain. Founded in 1996 by Carlos Blanco, the company focuses on investments in early-stage digital startups, particularly in the e-business, telecommunications, media, and entertainment sectors. ItNet not only provides financial backing but also offers mentoring and networking opportunities to support its portfolio companies. Through its targeted investments, Grupo ItNet aims to foster innovation and growth within the digital and game leisure industries.

Wayra is a corporate venture arm and innovation hub connected to Telefónica, operating as a global accelerator and open-innovation platform that links startups and scaleups with the Telefónica group. With a presence in ten countries including Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela, Wayra collaborates with entrepreneurs to identify and develop joint business opportunities. It serves as the interface between Telefónica and entrepreneurial ecosystems worldwide, providing access to networks, capital, mentorship, and potential pilot deployments. Wayra runs accelerator programs and themed calls, such as the Wayra Call and the Health Hub with partners, to support tech startups across sectors like health tech, cybersecurity, smart city, and IT, aiming to scale startups through engagement with Telefónica's global assets and corporate partnerships.

Ennea Capital Partners is a European investment and advisory firm founded in 2016 and headquartered in Munich, with additional offices in Berlin, Amsterdam, London, Cologne, and Barcelona. It provides strategic advisory, merger and acquisition services, and venture capital investments, supporting companies in travel, hospitality, food, media, information technology, mobility, blockchain, and artificial intelligence across Europe and Asia. The firm engages in direct investments and fund activities, spanning early-stage to growth opportunities, and offers related services such as due diligence, fundraising support, valuations, outsourced M&A, and market strategy consulting. Ennea collaborates with clients to improve business development, market insight, and go-to-market plans, often serving as a partner for companies pursuing expansion or transactions.

Ona Capital is a venture capital firm based in Barcelona, Spain, founded in 2007, focused on investing in information technology companies across Southern Europe.

Alta Life Sciences is a Barcelona-based venture capital firm focused on life sciences. Founded in 2016, it provides multistage funding to companies across biotechnology, medical devices, diagnostics, genomics, digital health, and nanotechnology, supporting ventures from seed through growth stages.

Nauta Capital is a pan-European venture capital firm backing early-stage B2B software companies. Headquartered in London with offices in Barcelona and Munich, it operates across Europe and targets Series A to late seed and Series B investments in technology ventures. The firm focuses on B2B software with strong network effects, vertically oriented enterprise tech for large industries, and deep-tech applications that address enterprise challenges, including sectors such as retail tech, revenue tech, fintech, insurtech, health tech, enterprise software, developer tools, infrastructure, AI and ML, and security and privacy. With more than half a billion in assets under management and a team of around 20 professionals, Nauta is regarded as one of Europe’s larger B2B-focused investors.

Nekko Capital is a Barcelona-based venture capital firm that backs scalable early-stage digital transformation companies led by strong teams with global ambitions. It focuses on B2B and B2B2C startups in mobility, travel technology, proptech, fintech and insurtech, and maintains offices in Barcelona and Madrid. Founded in 2017, the firm was acquired in November 2023 by Carlos Blanco, Telmo Perez and Miguel Sanz.

Point Nine Capital is a Berlin-based venture capital firm that concentrates on early-stage Internet investments, with a focus on software-as-a-service (SaaS), online marketplaces, and mobile. It backs startups from their earliest stages and has supported notable companies such as Delivery Hero, Clio, Shiftplanning, Vend, Typeform, and Zendesk. The firm operates across Europe and North America, targeting SaaS, software, and related digital businesses, and seeks to help portfolio companies scale through critical growth phases.

Kibo Ventures is a Madrid-based venture capital firm focusing on seed and early-stage technology companies, including pre-Series A and Series A rounds, with offices in Madrid, Barcelona and Lisbon. It invests globally, with emphasis on Europe, the United States and Latin America, in sectors including internet and direct marketing retail, online services, systems software, digital technology, wireless and telecom equipment, mobile devices, and consumer and enterprise software. The firm backs exceptional founders building global businesses and takes an active, hands-on approach in portfolio companies, often facilitating co-investment with other investors.

GoHub Ventures is the corporate venture capital arm of Global Omnium, based in Valencia, Spain, with additional offices in Seville and Barcelona. It invests in technology companies at seed to growth stages, focusing on B2B software, artificial intelligence and machine learning, Internet of Things, robotics, AR/VR, and cybersecurity, and broadening to Web3, fintech, climate tech, and digital health. Typical ticket sizes range from approximately €0.5 million to €3 million, and the firm backs founders across Europe, North America, and Latin America, supporting portfolio companies from early development through growth.

Ysios Capital is a Spanish independent venture capital firm that provides private equity financing to early- and mid-stage life sciences and human healthcare companies developing therapeutic products, diagnostics, medical devices and related platform technologies. Founded in 2008 and based in Donostia-San Sebastián, it manages approximately €350 million across three dedicated funds and focuses on biotechnology, pharmaceuticals, digital health and related sectors across Europe and North America. The firm supports portfolio companies through product development and growth with the aim of building long-term value and pursuing exits through public offerings or acquisitions.

Invivo Capital Partners is a venture capital firm focused on early-stage investments in biomedical and healthcare sectors, including life sciences, biotechnology, medical devices and digital health. It primarily targets Spanish companies and seeks investments of roughly €0.5 million to €4 million. The firm is based in Barcelona, Spain.

Founded in Barcelona, Spain, Grow Venture Partners is a venture capital firm investing primarily in B2B companies and technologies across Europe.

Aldea Ventures is a Barcelona-based fund of funds and venture investment firm focusing on disruptive technologies with the potential to reshape economies in Europe. Founded in 2020, the firm invests across sectors including business products and services, consumer products and services, information technology, mobile, telecommunications, media, and health tech. It partners with micro-venture capital firms to access operational expertise, investment experience, and market data, enabling co-investment in leading European and U.S. startups. By leveraging these partnerships, Aldea Ventures seeks high-growth opportunities while maintaining a responsible approach to technology deployment.

Enion Venture Partners is a Barcelona-based venture capital firm focused on impact investing in early-stage technology companies that accelerate the energy transition. The firm backs startups involved in sustainable energy generation, digitalization of the energy system, energy storage, green hydrogen, distributed generation, flexibility, and sustainable mobility, as well as enabling technologies such as artificial intelligence, big data, sensors, the Internet of Things, and blockchain. By supporting ventures across the energy ecosystem, Enion Venture Partners seeks to drive climate action and the adoption of innovative solutions for a more sustainable, resilient energy system.

Active Venture Partners is a Barcelona-based venture capital firm, founded in 2002, that provides early-stage and growth capital to technology-driven startups across Europe. It focuses on enterprise software and services, digital and consumer internet, media, mobile, security, and energy efficiency/clean technology, investing generally €0.5–€5 million per company and taking minority stakes (roughly 5–49%) with board participation. The firm supports founders through strategic guidance, sector expertise and proactive partnerships beyond capital, aiming to help portfolio companies scale. Its geographic reach spans Europe, with emphasis on Spain, Germany (DACH), the Nordics, and other European markets.

Ship2B Ventures is an impact-focused venture capital firm based in Catalonia, Spain. Founded in 2020, it finances seed and early-stage social enterprises in Spain, targeting ventures operating in disruptive innovations and technologies sectors that address social or environmental goals.

Impact Partners is a Paris-based venture capital firm specializing in growth equity for companies delivering social impact. It operates across Europe with offices in Paris, Barcelona, Frankfurt and Copenhagen. The firm typically makes minority investments ranging from €0.5 million to €5 million and supports scaling businesses in healthcare, edtech, circular economy, welfare tech and inclusive urban employment. By aligning financial returns with social outcomes, Impact Partners seeks to accelerate market-driven solutions that promote inclusion and sustainable development.

Lanta Digital Ventures is a Barcelona-based venture capital firm that concentrates on early-stage, seed, and startup investments in internet, mobile, healthcare, and technology companies. It aims to back startups with large addressable markets and clear, scalable solutions, often investing between EUR 0.1 million and EUR 1 million in companies valued up to about EUR 10 million. The firm prefers teams of roughly five to twelve people and pursues opportunities in the United States and Europe, with a focus on Spain. It distinguishes itself by taking a hands-on, founder-friendly approach, drawing on the partners’ experience as former founders, CEOs, board members and senior executives to support portfolio companies through growth and execution.

Smartech Capital is a venture capital partnership and investment firm based in Barcelona. Founded in 2016, it targets early-stage B2B and B2C technology startups across Southern Europe, the United Kingdom, France, and the United States. The team includes six professionals with extensive experience in entrepreneurship, venture capital, and corporate finance, united to support startups with global ambition. Smartech aims to boost the Southern European startup ecosystem by backing disruptive technologies that show potential for strong returns for both the portfolio companies and investors. The team provides ongoing momentum to help portfolio startups achieve notable success.

Toubkal Partners is a venture capital firm based in Barcelona, Spain. Founded in 2015, it primarily invests in seed-stage technology companies and also targets opportunities in consumer goods and financial industries.

NewTech is a technology-focused corporate finance boutique and early-stage investor based in Barcelona that provides independent M&A, fundraising, and strategic advisory services to technology companies. It serves a wide range of tech sectors, including fintech, AI, cybersecurity, health tech, edtech, proptech, e-commerce, mobility, data, and HR tech, supporting startups and growth-stage firms through strategic consulting, investment banking, and capital-raising activities such as Series A and B rounds. By combining practical industry knowledge with a tailored approach, NewTech helps young technology companies accelerate growth and execute transactions across their growth trajectory.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

Nara Capital is an asset management firm that invests on behalf of third parties. The firm emphasizes capital preservation and opportunity management. Its investment style combines value orientation, specialization, and trust, applying disciplined criteria. It aims to transform portfolio companies into industry leaders through a hands-on, long-term approach and by investing its own capital. Nara Capital seeks sustainable value and responsible investing to generate positive community impact. Each investment is analyzed in detail to create shared value for investors, partners, customers, suppliers, and workers.

Secways is a family office based in Girona, Spain, founded in 2018 as the family office of Pere Hospital. It invests in startups and funds and focuses on backing resilient founders.

Gasol16 Ventures is a venture capital firm established in 2023 and located in Barcelona, Spain. The firm specializes in investments within the sports and health & wellness sectors, emphasizing areas such as sports technology, equality, entertainment, access, and promotion. In addition to its focus on sports, Gasol16 Ventures also targets health and wellness initiatives, including nutrition, physical activity, mental wellness, rest and recovery, and coaching. The firm is committed to supporting Spanish entrepreneurship with a global impact and actively participates in private equity opportunities.

OceanFlow Ventures is a venture capital firm founded in 2021 and based in Barcelona, Spain. It focuses on seed- and early-stage investments in technology, SaaS, mobility, and B2B companies.

Viriditas Ventures is a venture capital firm based in Barcelona, Spain, founded in 2000 by Angel Asin, Yago Perrin and Yago Arbeloa. It invests in information technology and early‑stage technology companies, pursuing initial and tiered investments to support emerging startups.

Neoko Capital is a venture capital firm based in Barcelona, Spain, founded in 2009. The firm invests in companies across e-commerce, digital payments, sports technology, education, subprime financing, and human capital.

Invivo Capital is a venture capital firm based in Barcelona, Spain, founded in 2012, focused on investing in early-stage healthcare, biotechnology, medical devices, and digital health companies headquartered in Spain. The firm emphasizes its team of professionals with scientific, technical, and financial expertise to evaluate and support investments, and maintains a network of strategic relationships within the health ecosystem to create value for portfolio companies.

Founded in Barcelona, Spain in 2020, 5G Ventures co-builds startups focused on telecom infrastructure, Industry 4.0, IoT, cybersecurity, AR/VR, AI, and other emerging technologies, unlocking the potential of 5G.

Kalonia Venture Partners is a venture capital firm based in Barcelona, Spain. It invests across seed to growth stages in Fintech, B2B, e-procurement, mobile and artificial intelligence, typically committing up to €5 million and taking stakes from about 10%, often co-investing with other like-minded investors. The firm has been described as focusing on early-stage B2B fintech opportunities, including in Latin America.

We Venture Capital, based in Barcelona, Spain, is the venture capital arm of Werfen, a global leader in specialized diagnostics. It invests in early-stage and early-growth startups focused on diagnostics, digital solutions, and biotechnology within the diagnostics sector. The firm partners with companies close to market entry or early scale-up, providing strategic support, leveraging Werfen's expertise, and taking an active role through board engagement to foster success.

PaoCapital is a Barcelona-based venture capital firm, founded in 2009, that invests in seed and early-stage technology startups and provides advisory services and board positions.

GP Bullhound is a London- and globally oriented technology advisory and investment firm founded in 1999. It provides independent strategic and financial advice to technology companies, including mergers and acquisitions, private placements, IPOs, and capital-raising activities. The firm combines technology insight with access to a global network of buyers and capital across Europe, the United States, and Asia, helping entrepreneurs and growth companies navigate complex transactions. In addition to advisory work, GP Bullhound maintains an investment arm that backs technology-focused opportunities across seed to late-stage rounds, with a track record of working with category-leading clients. With offices across Europe, the United States, and Asia, the firm serves sectors including software, fintech, media, and other technology-enabled services, aiming to help teams build scalable, billion-dollar businesses.

Telefónica is a global telecommunications group that provides fixed-line and mobile connectivity and a broad range of digital services to residential and business customers. The company operates an extensive international footprint across Europe and Latin America, including Spain, the United Kingdom, Germany, Brazil and other Latin American markets, serving hundreds of millions of customers. It focuses on delivering innovative information and communications technologies to enhance everyday life and business performance, with activities spanning network operations, consumer and enterprise services and digital offerings. Telefónica is one of the largest telecom operators worldwide and maintains a diversified portfolio to pursue growth through international scale and digital transformation opportunities.

Alma Mundi Ventures is a Madrid-based venture capital firm founded in 2015 that backs technology-driven companies, primarily with B2B and B2B2C models. The firm concentrates on sectors including insurance technology, fintech, health technology, deep tech, climate technology, and retail technology, supporting growth-stage startups across Europe and beyond. It maintains an operational presence in Madrid, with activity in Barcelona, London and Seattle to assist portfolio companies in Europe, North America and other regions.

All Iron Ventures is a European early-stage venture capital firm based in Bilbao, Spain. It invests in seed and Series A rounds across the United States and Europe, focusing on information technology, consumer products and services, and business products and services. The firm combines the flexibility of a business angel with the discipline and resources of traditional venture capital to partner with founders aiming to improve customer experience and increase operational efficiency through technology.