Founded in Barcelona in 2016, Lanai Partners is an angel group that invests in digital startups across Spain. They collaborate with industry experts to maximize the value of their investments.

Kibo Ventures is a Madrid-based venture capital firm that specializes in seed and early-stage technology companies. It focuses on digital and internet-enabled businesses, including software, online services, consumer and enterprise software, and related digital technologies, with investment interest across Europe, the United States and Latin America. The firm typically supports rounds from seed to Series A, and often seeks minority stakes in portfolio companies, providing hands-on guidance through an experienced team. Founded in the early 2010s, Kibo maintains offices in Madrid and Barcelona, with additional presence in Lisbon, reflecting its European reach. Investment sizes commonly range from a few million euros to several million per company, aligning with early-stage financing needs and strategic growth objectives. The team emphasizes backing ambitious founders with scalable products and global market potential, and promotes co-investment with other investors to support portfolio growth.

Founded in 2015, FJ Labs is a New York-based venture capital firm focusing on stage-agnostic investments in marketplaces and consumer-facing startups. Their investment range varies from $50,000 to $5,000,000, typically at seed or series A stages.

Established in 2011 and headquartered in Madrid, Spain, Faraday Venture Partners is a private investment club that specializes in analyzing innovative startup projects requiring private financing. The company offers exclusive investment opportunities to its partners, along with active management and assessment of investments.

Bonsai Partners is a venture capital firm based in Madrid, Spain. Founded in 2001, it invests in European tech startups at stages from pre-Series A to Series C, pursuing both primary investments and secondary opportunities.

Adara Ventures is a Madrid-based venture capital firm focused on early-stage technology companies across Europe. It backs deep-technology startups in cybersecurity, data and applications, infrastructure, DevOps, hardware components, digital health, and the energy transition, partnering with founders to accelerate growth. With a European footprint, the firm maintains a diversified portfolio across markets such as Spain, Portugal, France, Ireland and the United Kingdom, and supports teams from initial rounds through scale-up by providing capital and strategic guidance. Founded in 2005, Adara seeks ambitious teams with capacity, courage and vision to execute and commercialize innovative technologies.

Going Investment is a Spanish private equity firm founded in 1998, specializing in investments in middle market companies across various sectors. It focuses on Small and Medium Enterprises (SMEs), providing capital and strategic support to promote growth, facilitate management succession in family businesses, or aid turnaround situations. The firm typically invests between €3 million to €10 million, seeking minority stakes of 30% to 40%, with an average investment duration of 4 to 5 years.

Inveready Asset Management, S.G.E.I.C., S.A. is arm of Inveready Technology Investment Group, specializes in incubation, seed, start-ups, early stage, expansion, venture debt, and growth capital investments. The firm seeks to invest in all industries with a focus on security, SaaS, productivity software, mobile, nutrition, marketplace, IOT, hardware, gaming & entertainment, enabling technologies, drug discovery, diagnostic, devops & infrastructure, cloud computing, AR/VR, algorithms/data analysis, adtech, technology companies, biotechnology, Information Technology, e-commerce, medical equipment, nanotechnology, healthcare technology, clean-tech, social media, infrastructure tools, renewable energies, information and communications technology, water purification, telecommunication services, medical devices, reprofilling and advanced software. The firm invests in tech and biotech companies through equity and hybrid debt / equity instruments. It prefers to invest in Spain with a special focus on companies based in Catalonia or in the Madrid region. The firm typically invests between €0.1 million ($0.11 million) and €2 million ($2.28 million) in companies with sales above €1 million ($1.14 million) and enterprise values between €0.3 million ($0.34 million) and €2.5 million ($2.85 million). Inveready Asset Management, S.G.E.I.C., S.A. was founded in 2008 and is based in San Sebastián, Spain with additional offices in Barcelona, Spain and Madrid, Spain.

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.

AXIS Participaciones Empresariales is the corporate venture capital arm of Instituto de Crédito Oficial, based in Madrid, Spain. Established in 1986, it has been wholly owned by ICO since 1993, making it one of the sector's longstanding venture capital operators in Spain. It invests in seed to growth stages for Spanish-based companies across sectors including B2B, commercial products and services, healthcare, retail, infrastructure, and energy, supporting ventures from startup to scale in the Spanish market.

MCH, formerly known as MCH Private Equity, S.L., is a private equity and venture capital firm based in Madrid, Spain, specializing in investments in mid-sized companies across various sectors. Founded in 1998, MCH focuses on early-stage, mezzanine, and mid-market investments, as well as management buy-outs and expansion capital. The firm seeks to invest between €1 million and €80 million in non-publicly traded companies that generate revenues exceeding €30 million and have an enterprise value ranging from €15 million to €200 million. MCH's investment strategy emphasizes sectors such as internet services, commercial surveillance, restaurants, telecom, and new technologies, while explicitly avoiding startups, real estate, and industries like tobacco and gambling. The firm aims to take significant stakes in its portfolio companies, with a preference for exiting investments within four to six years. MCH is also involved in advising venture capital funds, managing over €500 million across its investment vehicles.

Founded in 2006, Atomico is an international investment firm based in London. It focuses on partnering with disruptive technology companies across Europe and beyond, providing operational support to accelerate growth. The firm invests at various stages, from seed to growth capital.

Founded in 2016, K Fund is a Madrid-based venture capital firm focusing on early-stage investments in digital-first companies across Spain, Portugal, and Latin America. It aims to promote the evolution of the Spanish startup ecosystem.

Founded in 2000, DN Capital is an early-stage venture capital firm investing primarily in Europe and North America. It focuses on companies aiming to establish operations on both sides of the Atlantic, assisting them in building international businesses.

Speedinvest is a venture capital firm based in Vienna, with offices in Berlin, Paris, London, Munich, and San Francisco, that focuses on early-stage technology investments across Europe, including Central and Eastern Europe. The firm backs seed to early growth rounds in areas including deep tech, fintech, health, industrial tech, marketplaces, consumer tech, software-as-a-service, and network effects, with a platform philosophy and hands-on support via an in-house Platform+ team that provides growth marketing, human resources, US business development, and networking assistance from day one. Typical investments range from a few hundred thousand euros up to about three million euros, with a preference for minority stakes up to around 20% and for taking co-entrepreneurial operational roles for six months to a year. Speedinvest was founded in 2011 and is known for combining capital with hands-on operational support to help portfolio companies scale.

Founded in Madrid, Spain in 2016, Samaipata is a venture capital firm focusing on early-stage investments across Europe. It specializes in digital platforms with network effects and seeks to invest between €0.5 million to €1.5 million per round. The firm backs mission-driven entrepreneurs aiming to build the next European unicorn.

JME Venture Capital is an early-stage venture capital firm based in Madrid and Barcelona, Spain. Founded in 2009, it backs European technology startups in their growth phase, with a focus on information technology, SaaS, mobile, e-commerce, blockchain, education technology, fintech, food technology, gaming, and legal tech. The firm seeks opportunities across Spain and Europe, partnering with founders to support product development, go-to-market strategies, and scaling operations.

Founded in Madrid, Spain, Swanlaab Venture Factory is a venture capital firm that invests in early-stage Spanish companies with global growth potential. With over 80 professionals from diverse nationalities, they provide operational support alongside financial investment to accelerate ventures' growth while minimizing risks. Their focus lies in B2B businesses integrating technological innovation, aiming for international expansion within 18-24 months.

Founded in Madrid, Spain in 2020, Fondo Bolsa Social is a venture capital firm investing in seed and series A startups across Portugal and Spain. It focuses on companies generating positive social and environmental impact, primarily in sectors such as health and well-being, education, sustainable production and consumption, climate action, and social integration.

Swanlaab Venture Factory SGEIC, S.A., formerly known as Swanlaab Venture Factory SGECR, S.A. is a venture capital firm specializing in early venture investments, series A and B, startups, and fund of fund investments in venture capital funds. It does not invest in seed capital. The firm primarily invests in Smart Enterprise, IoT, cleantech, healthcare, semiconductors, Cybersecurity, Storage, Digital Health, Machine Learning, Big Data, Computer vision, Data Signal Processing, internet, mobile, IT, B2B technology, software, cloud, cyber security, hardware, and telecommunication. It targets investments in Spain and for special and minority cases, Europe and Latin America. It typically invests between €1 million ($1.10 million) and €5 million ($5.51 million) in equity, with investment between €1 million ($1.11 million) and €3 million ($3.31 million) initially, with the commitment to invest between €3 million ($3.31 million) and €4 million ($4.41 million) more later on. The firm prefer to invest in companies for a period of 4-6 years. It prefers to take a minority stake. The firm exits through corporates or with other financial investors. Swanlaab Venture Factory SGEIC, S.A was founded in 2014 and is based in Madrid, Spain with an additional office in Tel Aviv, Israel.

GP Bullhound is a London-headquartered technology advisory and investment firm founded in 1999. It provides independent strategic advice and capital services to entrepreneurs, companies, and investors, focusing on mergers and acquisitions, private placements, IPOs, and other corporate transactions in the technology sector. The firm blends technology insight with financial expertise to help founders build scalable, category-defining businesses, leveraging access to buyers and capital across Europe, the United States, and Asia. GP Bullhound maintains a global footprint with offices in multiple regions and has advised notable technology leaders such as Spotify, Delivery Hero, Avito, and Fjord. Its services span software, consumer tech, and related sectors, positioning GP Bullhound as an independent advisor and deal-maker for technology companies.

Conexo Ventures is a Madrid-based venture capital firm founded in 2019 that invests in software startups, with a focus on artificial intelligence and scalable, defensible business models. The firm targets opportunities across Europe and North America, prioritizing sectors such as cybersecurity, digital marketplaces, payments and finance, health, enterprise software, and related AI applications. It seeks to back early-stage companies with strong teams and growth potential, aiming to support disruptive innovation in high-growth markets.

Qualitas Equity Partners is a Madrid-based private equity and venture capital firm founded in 2003. It specializes in direct investments, secondary direct transactions, and fund-of-funds strategies across Western Europe, with a primary focus on Spain and Portugal. The firm typically invests between €5 million and €25 million in unquoted Iberian companies with turnover above €25 million and sales between €20 million and €100 million, and also allocates €50 million to €500 million for private equity funds in its fund-of-funds program. It pursues both majority and minority stakes, often alongside co-investors, with exits aimed in three to seven years. Sector interests include industrials, security and safety services, human resources and employment services, consumer products, lodging and fast food, specialized services, and renewable electricity and electric power. While centered on Iberia, Qualitas Equity Partners engages in select opportunities across Europe, including major markets such as Germany, France, the Netherlands, and the UK, focusing on growth, buyouts, buy-and-build, and related flexibility in middle-market companies.

Founded in Paris in 2015, Cathay Innovation is a global venture capital firm investing in transformative businesses across Europe, North America, Asia, Latin America, and Africa. It manages over €2.5B AUM, connecting startups with investors and corporations to scale and innovate in sectors like commerce, fintech, digital health, and mobility/energy.

14W is a venture capital firm founded in 2010 and based in New York, New York. The firm specializes in investing in sectors such as healthcare, software, and marketplaces, with a focus on companies that enhance accessibility, efficiency, and connectivity. With a global presence that includes teams in London and Madrid, 14W aims to partner with exceptional founders who are disrupting traditional industries and creating new categories across North America and Europe. The firm is also a Registered Investment Adviser, emphasizing its commitment to thoughtful and conviction-driven investment strategies.

BITKRAFT Ventures is a global venture capital firm founded in 2015 by Jens Hilgers. It maintains a multi-city team with offices in Berlin, Los Angeles, San Francisco, New York, London, Madrid and Lisbon, and focuses on early-stage investments in videogames, esports and related immersive digital entertainment. Positioned as a global investment platform, it pursues opportunities across video gaming, immersive technology, interactive media, Web3 and AI, with activity spanning North America, Europe and Asia Pacific.

Bonsai Venture Capital SA SCR is the venture capital division of Thermo Fisher Scientific, focused on early-stage investments, growth capital, and seed funding for startups. The firm primarily targets domestic internet companies in Spain, with a specific interest in sectors such as classifieds, e-health, gaming, payments, security, and travel. Bonsai typically invests between €0.25 million and €2.5 million, aiming to acquire minority stakes of 10 to 25 percent in its portfolio companies. The investment horizon generally spans five years before the firm seeks to exit its positions. Founded in 1999, Bonsai Venture Capital operates out of Madrid, Spain, with an additional office in Pozuelo de Alarcón. The firm's management team, which owns over 60% of the capital, reflects a blend of ownership and management expertise, rooted in the entrepreneurial vision of its founder, Javier Cebrián Sagarriga.

Wayra UK is the corporate venture arm and accelerator of Wayra, the global open-innovation program of Telefónica. It runs accelerator programs for early-stage technology startups across industries including health care, information technology, cybersecurity, smart transport and smart city, and 5G, providing investment and acceleration support. The unit connects startups with Telefónica’s networks and partners to enable collaboration and scale opportunities, aiming to generate joint business opportunities between innovators and Telefónica. As part of a worldwide network spanning multiple countries, Wayra UK positions itself as a bridge between entrepreneurs and corporate-scale opportunity, facilitating access to capital, mentorship, and business development.

Established in 2013, Pinama Inversiones is a Madrid-based angel investment group focused on supporting early-stage companies across Spain.

BStartup is an initiative by Banc Sabadell aimed at supporting young companies in their project development. The company focuses on investing in Spanish startups with a technological and digital foundation, emphasizing those with strong growth potential and scalable, innovative business models. BStartup offers specialized products and services tailored to meet the needs of entrepreneurs, fostering collaborative innovation to enhance the likelihood of success for these emerging businesses.

Inveready is a prominent alternative investment firm based in Southern Europe, specializing in early-stage venture capital and debt investments primarily in the technology sector. Established in 2007, the company manages over €2 billion in assets across more than 35 funds, encompassing various investment strategies, including biotechnology, private equity, and infrastructure. Inveready has a diverse portfolio with over 250 active companies and has successfully executed 64 exits, with several portfolio companies being acquired by major multinational corporations such as Intel, Symantec, IBM, and Facebook. Additionally, some of its investments are publicly listed on stock exchanges, including NASDAQ and Euronext Growth.

Keyword Venture Capital, established in 2013, is a corporate venture capital firm based in Madrid, Spain, and operates as the investment arm of Cube Ventures. The firm focuses on early-stage digital companies that demonstrate strong traction and possess international growth potential. Its investment portfolio primarily includes businesses in the B2C marketplaces, classified ads, vertical e-commerce, and software as a service (SaaS) sectors. Keyword Venture Capital typically invests an average of 400,000 euros in these emerging companies, aiming to support their development and expansion in the digital marketplace.

Copernion is a venture capital firm based in Madrid, Spain. It invests in high-potential technology startups globally, with a focus on artificial intelligence, big data, cloud computing, Internet of Things, and robotics sectors.

FinLeap GmbH is a venture capital firm based in Berlin, Germany, founded in 2014. The company specializes in investments in early-stage fintech startups, particularly those offering software-as-a-service (SaaS) solutions and digital services within the financial services market. FinLeap typically invests between €0.5 million and €5 million in its portfolio companies. Over its operational years, the firm has built or invested in numerous ventures and developed several corporate joint ventures, collectively valued at over €3 billion at one point. In addition to its Berlin headquarters, FinLeap has established offices in San Francisco, Milan, Madrid, and Paris, reflecting its commitment to fostering innovation in the global fintech landscape.

Net Zero Ventures is a venture capital firm established in 2022 and located in Madrid, Spain. The firm is dedicated to supporting the transformation of the energy sector by investing in cleantech companies. Its focus areas include advanced mobility, industry decarbonization, renewable energy, and digital enabling technologies. Through these investments, Net Zero Ventures aims to contribute to the development of innovative solutions that address the challenges of energy sustainability and environmental impact.

Founded in Barcelona, Nekko Capital is a venture capital firm investing in early-stage digital transformation companies. It focuses on B2B and B2B2C businesses operating in sectors such as mobility, travel tech, proptech, fintech, and insurtech. The firm backs outstanding teams with global ambitions.

Diana Capital, SGEIC, S.A., formerly known as Diana Capital S.G.E.C.R., S.A., is a private equity and venture capital firm specializing in middle market, buildups, industry consolidation, growth, and expansion transactions. It seeks to invest in companies which have been controlled and run by families or entrepreneurs and are in a stage of generational transition and also the previous owners retains a significant ownership stake in the company. The firm invests across all sectors, except financials and real estate sector. It seeks to invest in mid-cap unlisted companies based in Spain and Portugal. The firm typically invests between €8 million ($9.82 million) and €25 million ($33.17 million) with the average size of any particular investment around €10 million ($12.28 million) generally through a capital increase, but also considering replacement transactions with low financial leverage. It can invest larger amounts through co-investments. The firm seeks to hold its investments between three years and six years and exits through buy-back, trade sale, or a stock market float. It takes a seat on the board of portfolio companies. It seeks to take minority equity stakes between 20 percent and 40 percent or majority stake in its portfolio companies. Diana Capital, SGEIC, S.A. was founded in 2000 and is based at Madrid, Spain.

Founded in 2016, BeAble Capital is a Madrid-based venture capital firm focused on investing in early-stage companies within advanced materials, photonics, microelectronics, and information communications technologies sectors. The company bridges the gap between scientific research, entrepreneurship, and investment to facilitate technology transfer and startup creation.

Amadeus is a global technology company serving the travel industry. It processes transactions and provides IT solutions to travel providers and agencies worldwide, connecting them through a robust distribution platform. Amadeus Ventures, its venture capital arm, invests in early-stage startups at the intersection of travel and technology, particularly in hospitality and related software industries. The firm co-invests with other strategic partners and takes minority stakes, supporting innovation relevant to the travel sector. Established in 2014, Amadeus Ventures is headquartered in Madrid, Spain, with an additional office in Nice, France.

Finnovista is an accelerator and venture capital firm focused on transforming the financial services and insurance sectors by fostering collaboration between large corporations and startups in the fintech and insurtech industries. Established in 2012 and headquartered in Madrid, Spain, with an additional office in Mexico City, Finnovista offers a three-month acceleration program designed to support the growth of startups in Latin America and Spain. The firm is recognized as a key player in the startup ecosystem and is particularly active in investing in fintech innovations. Finnovista also organizes FINNOSUMMIT, a leading conference in the fintech and insurtech space in Latin America, and develops various corporate innovation programs in partnership with major financial institutions. Through these initiatives, Finnovista aims to empower entrepreneurs and promote financial inclusion by connecting them with essential resources and networks in the industry.

Ad4Ventures is the venture capital arm of Mediaset SpA, focusing on investments in start-ups, mid-stage, and growth-stage companies primarily within the digital B2C sector. The firm targets a variety of industries, including consumer staples, digital goods, technology, and retail, with specific interests in clothing, luxury items, and digital services such as social media, finance, and e-commerce. While it primarily invests in Italian and Spanish companies, it also considers foreign businesses that are not yet established in these markets. Ad4Ventures typically seeks minority stakes in its portfolio companies, opting for equity or revenue shares depending on the anticipated impact of media cooperation on growth and revenue. Established in 2013 and based in Cologno Monzese, Italy, with an additional office in Madrid, Spain, Ad4Ventures leverages its access to the consumer market to identify and support companies with promising management teams and innovative solutions.

201 Ventures is a venture capital firm headquartered in Madrid, Spain. It focuses on investing in intelligence, defense, and dual-use technology sectors across Europe with the aim of fostering innovation and autonomy.

Enzo Ventures is a Madrid-based venture capital firm founded in 2019 that invests in technology companies across Southern Europe.

Veos Ventures is a venture capital investment firm established in 2022 and based in Madrid, Spain. The firm focuses on supporting pre-seed early-stage companies across various sectors, including healthcare, wellness, pharmaceuticals, medtech, cosmetics, natural products, shared mobility, biostimulants, agri-technologies, and renewable energy. By acting as an accelerator and incubator, Veos Ventures aims to nurture innovative startups to help them grow and succeed in their respective industries.

Founded in 2016, Enagás Emprende is a corporate venture capital firm based in Madrid, Spain. It invests in startups focusing on renewable gases, sustainable mobility, energy efficiency, digitalization, and cleantech within the energy transition sector.

Alpha Wave Global is an investment company with expertise in private equity, private credit, and public markets. Established in 2012, the company focuses on partnering with exceptional founders and management teams in growth-stage companies, primarily within the information technology sector.

Founded in 2021, Pascual Innoventures is a venture capital firm based in Madrid, Spain. It invests in startups and entrepreneurs within the food industry, focusing on agtech, delivery services, consumer tech, food science, and food service sectors.

Athos Capital is a venture capital firm established in 2016 and located in Madrid, Spain. The firm specializes in investing in early-stage technology companies across various sectors, including cloud-based farm management software, storage solutions, Internet of Things applications, corporate accommodation platforms, as well as financial and educational technology. Athos Capital primarily focuses its investment efforts within Europe, with a particular emphasis on opportunities in Spain.

Established in 2008, Goodgrower is a Madrid-based investment firm focused on healthcare investments. It backs innovative management teams and invests across the healthcare value chain, excluding pharma and biotech sectors.

GrayBella Capital is a European venture capital firm founded in 2019 and headquartered in London, focused on technology and healthcare investments across Europe. It backs companies from seed through growth stages, with a strategic emphasis on Health Tech and Deep Tech. In Health Tech, it targets diagnostics, biomarker discovery, MedTech, remote patient monitoring, and platform technologies for drug development. In Deep Tech, it backs material science, robotics, and SaaS platforms, as well as related scalable technologies. The firm's geographic reach includes major European markets and pan-European opportunities, and it aims to support portfolio companies with strategic guidance and governance.