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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

SODENA is a government-backed investment entity in Navarre, Spain, founded in 1984 to promote regional business development through venture capital. It serves as the Government of Navarre's main instrument for entrepreneurship and economic growth, deploying capital to long-term investments and to stakes in group companies and associates. The organization maintains a diversified portfolio across long-term financial investments, cash and liquid assets, real estate, and other holdings, all aimed at supporting regional companies. Ownership is held by the Government of Navarre with indirect participation through related entities, reflecting its public mandate to stimulate the Navarre economy.

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.

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.

Easo Ventures is a venture capital firm established in 2018 and based in Donostia, Spain, aimed at fostering the growth of startups and SMEs in the Basque Country. Recognizing the lack of a supportive investment ecosystem in the region, Easo Ventures brings together nearly 100 local companies and entrepreneurs to provide not only financial backing but also valuable expertise and mentorship. The firm targets innovative projects with clear growth potential, offering a structured investment program tailored to different phases of development. Startups in their initial stages can access an acceleration program with an initial investment, while more established companies with proven business models can secure larger investments, supplemented by specialized support. Easo Ventures aspires to be a pivotal player in the Basque investment landscape, addressing the financing needs of emerging businesses and contributing to the region's economic development.

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.

FJ Labs is a New York-based venture capital firm founded in 2015 by Fabrice Grinda. It is stage-agnostic and focuses on marketplaces and consumer-facing startups, making seed and Series A investments. Typical checks range from 50,000 to 5,000,000 dollars. The firm supports early-stage companies across sectors such as e-commerce, fintech, ad tech, mobile, and software-as-a-service, seeking opportunities with high growth potential in the United States and internationally. Its portfolio includes a mix of consumer brands and marketplace platforms, reflecting an emphasis on business models that connect buyers and sellers or enable direct consumer experiences. FJ Labs aims to back entrepreneurs building scalable, disruptively positioned products and services, often partnering with founders early in their development to help accelerate growth.

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.

Big Sur Ventures is a venture capital firm founded in 2012 and based in Madrid, Spain. It concentrates on early-stage technology-driven investments, supporting founders at the seed phase across a wide range of sectors, including B2B and B2C, information technology, media, internet retail, SaaS, mobile, e-commerce, advanced manufacturing, artificial intelligence, big data, clean technology, education technology, the Internet of Things, augmented reality, climate technology, cloud technology, construction technology, cybersecurity, digital health, food technology, infrastructure, insurtech, legaltech, manufacturing, micro-mobility, nanotechnology, mobility technology, space technology, and virtual reality, serving the Southern European region.

Angels Capital is an angel group based in Valencia, Spain, founded in 2013. It primarily makes early-stage investments in information technology, manufacturing, business services, and consumer services, with a focus on technology and sustainability. The group seeks to identify capable entrepreneurs and support startups to grow, fostering employment and economic value in the region.

Adara Ventures is a Madrid-based venture capital firm that backs early-stage technology companies across Europe. The firm focuses on deep-technology sectors such as cybersecurity, data applications and infrastructure, DevOps, hardware components, and digital health, and seeks ambitious founders capable of scaling internationally. It maintains a European footprint, investing across Spain, Portugal, France, Ireland, and the United Kingdom, and supports teams from product development through initial go-to-market stages. By providing early capital and guidance, Adara Ventures aims to accelerate growth for innovative startups at the intersection of software, hardware, and related infrastructure technologies.

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.

Demium is an incubator and startup studio founded in 2013 and headquartered in Valencia, Spain. It operates as an operational venture builder that helps aspiring entrepreneurs create companies from scratch by forming co-founders, refining ideas into viable business models, and pursuing seed investment. Demium provides office space, mentorship, training, a six-month incubation program, and practical support for product development and market validation. The firm focuses on internet-enabled ventures and collaborates with founders to adapt proven models from other markets to local opportunities, with activity spanning several countries.

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.

Draper B1 is a seed and early-stage venture capital firm based in Valencia, Spain. Founded in 2010, it targets investments in B2B and B2B2C startups, with a focus on companies operating on the internet or in mobile applications.

Athos Capital is a venture capital firm founded in 2016 and based in Madrid, Spain, that provides early-stage capital to technology companies across Europe, with a particular emphasis on Spain. It targets startups in areas including cloud-based farm management software, data storage, the Internet of Things, corporate accommodation platforms, and financial and educational technology.

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.

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

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.

Going Investment is a private equity group based in Zaragoza, Spain, focused on capital investment in unlisted Spanish SMEs in the manufacturing and services sectors. The firm acquires equity stakes and partners with entrepreneurs and management teams to promote growth, support succession, and create long-term value. Founded in 1998, Going Investment aims to develop SMEs and achieve mid- to long-term profitability that exceeds general capital markets by increasing equity, guiding change, and pursuing value creation. It typically takes minority stakes, around 30–40%, and seeks board involvement to support governance and execution, backing companies through growth stages to scale operations and improve performance.

Samaipata is a Madrid-based venture capital firm that backs early-stage digital platforms with network effects across Europe. Founded in 2016, the firm focuses on seed and startup investments in sectors such as e-commerce, marketplaces, and technology, including B2B and B2C products and services in Southern Europe, France, the United Kingdom and broader Europe. Typical checks range from half a million to one and a half million euros, with preference for portfolio companies in Europe and potential follow-on rounds. Samaipata has backed around 40 European companies through two funds totaling over €150 million in assets under management and maintains offices in Madrid, London and Paris. The firm aims to support mission-driven entrepreneurs seeking to build scalable European platforms and unicorns.

Faraday Venture Partners is a Madrid-based venture investment firm that operates as a private investors club to support early-stage startups across Europe. The organization analyzes innovative projects in need of private financing, identifying investment opportunities for partners, co-investors, and business angels. It provides project analysis and confidential due diligence, guides active management of investment stakes, and conducts acquisition and exit assessments of existing portfolio interests. The firm emphasizes ongoing involvement with portfolio companies, offering personalized support and resources to entrepreneurial ventures and facilitating strategic empowerment initiatives. Founded in 2011, Faraday Venture Partners focuses on building long-term relationships with portfolio companies and partners, combining rigorous evaluation with hands-on guidance to foster growth and successful exits.

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.

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.

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.

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.

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.

BeAble Capital, founded in 2016 and based in Madrid, Spain, is a venture capital firm focused on science and technology driven opportunities. It concentrates on deep science and technology transfer, intellectual property rich industrial endeavors, and sectors such as advanced materials, nanotech, photonics, micro and nano electronics, ICT platforms, nanotechnology, biotechnology, energy, environment, healthcare and wellbeing, medtech, robotics, artificial intelligence, agriculture and food. The firm supports the creation and development of technology-based companies from early stages, emphasizing strong IP and long research and development backgrounds. Services include identifying technologies, valuing and transferring IP, company creation, fundraising, marketing, internationalization, and strategic and managerial guidance to help startups scale within Spain and beyond. BeAble Capital positions itself as a science-first investor that bridges scientific discovery with entrepreneurship to foster technology transfer and the growth of startups grounded in solid research and IP.

XesGalicia is the private equity and venture capital arm of Instituto Gallego de Promoción Económica, based in Santiago de Compostela, Spain. It invests in seed and start-up projects, early venture and emerging growth, buyouts and growth capital in unquoted companies, with a focus on innovative technologies across biotechnology, telecommunications, renewables and the environment. The firm prefers newly formed companies and opportunities in the Galicia region but may consider investments in other parts of Spain and Portugal, including the north of Portugal. It does not invest in finance sector companies or in companies quoted on primary stock markets. Typical investments range from €0.06 million to €0.2 million per transaction, often taking temporary minority stakes. Investments in a single portfolio may not exceed 15% of the fund’s total assets, and investments in companies within the same group may not exceed 35% of assets; the firm may take minority stakes up to 45% of a company's equity. Founded in 1999, XesGalicia supports innovative business development.

Swanlaab Venture Factory is a Madrid-based venture capital firm that invests in early-stage and expansion-stage technology companies, primarily in Spain but with international reach. It targets B2B software, cloud, cybersecurity, information technology, internet, hardware, and telecom sectors, and favors companies with scalable business models ready to scale globally. The firm typically commits equity ranging from €1 million to €5 million and supports follow-on rounds, often taking a minority stake for a 4- to 6-year investment horizon. It combines financial backing with operational resources, including market acceleration, technology, operations, administration, talent development and networking, to help entrepreneurs manage risk and accelerate growth. The organization emphasizes helping Spanish ventures reach multiple international markets—3 to 4 within 18 to 24 months—through its international teams and network. Its Madrid base is complemented by a presence in Tel Aviv, reflecting a cross-border approach designed to support internationalization and scalable expansion for portfolio companies.

Bullnet Capital is a Madrid-based independent venture capital firm that specialises in early-stage investments in technology and healthcare companies across Spain, with a focus on software, hardware and related high value services.

Global Founders Capital is a Berlin, Germany-based venture capital firm with a global focus that invests across seed, early, and later-stage companies. It maintains a stage-agnostic approach, seeking innovative ideas with potential impact and feasibility in global markets.

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.

Invertidos is a technology-focused advisory and asset management firm founded in 2018 and based in Málaga, Spain. The firm operates globally across multiple stages and is industry-agnostic, investing through primary rounds as well as direct and structured secondary transactions. It supports entrepreneurs and a range of investors by addressing liquidity and capital needs, while aiming to balance risk and upside for its clients. Built on long-term, trust-based partnerships, Invertidos emphasizes transparent relationships and access to a robust deal flow in the technology sector.

Sherpa Capital Entidad Gestora is a Spanish venture capital fund manager that oversees investment activities in special situations and restructuring. The firm manages roughly 100 million euros and focuses on providing financing to mid-market companies facing strategic, operational, or financial challenges. Investments typically combine equity and debt to support companies with strong strategic positioning that require capital to execute turnaround plans or transformational initiatives. As a manager, the firm aims to enable value creation by actively supporting portfolio companies through expert governance, strategic guidance, and flexible capital solutions within Spain's business landscape.

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.

Qualitas Equity Partners is a Madrid-based private equity and venture capital firm founded in 2003 that manages direct investments and fund-of-funds strategies in Europe. It pursues buyouts, management buyouts, growth and expansion capital, and buy-and-build opportunities in mid-market companies, with a focus on Spain, Portugal and broader Western Europe. The firm targets sectors such as industrials, consumer products and services, energy and renewables, and business services, and often engages in co-investments through its fund-of-funds activities.

Kinnevik is an industry-focused investment company based in Sweden that builds digital consumer businesses by partnering with talented founders and management teams to create, invest in, and lead fast-growing companies in developed and emerging markets. The group seeks to deliver shareholder value while contributing positively to society through well-governed ventures and responsible governance. Founded in 1936 by the Stenbeck, Klingspor and von Horn families, Kinnevik concentrates on digital consumer platforms and related technologies across global markets.

Dozen Investments is a Spain-based venture capital and private equity firm that operates an open equity crowdfunding platform, enabling individual investors to pool resources and direct capital toward growth and innovation, while supporting portfolio companies at various stages.