Top 20 Venture Capital Firms in Spain for Startups in 2025

Looking to raise funding in Spain? Here are the top VCs you should know.
From Madrid to Barcelona, Spain’s startup ecosystem is booming with innovation across fintech, SaaS, deep tech, and healthtech. Whether you’re pre-seed or scaling globally, these VC firms bring capital, expertise, and networks to help you grow.

‍

1. Caixa Capital Risc

Location: Barcelona
Caixa Capital Risc, part of CriteriaCaixa, invests in innovative companies across life sciences, digital, and industrial sectors. With specialized teams, they back disruptive startups from early to growth stages.
Stage: Seed to Series B
Size: Undisclosed
Type: Disruptive, tech-driven companies
Sector:
Life Sciences
Digital Tech
Industrial Tech
🌐 Caixa Capital Risc

‍

2. Kibo Ventures

Location: Madrid
Kibo Ventures is a leading early-stage VC helping European tech entrepreneurs scale globally. They invest with a hands-on approach and have a strong track record of successful exits.
Stage: Pre-Series A, Series A
Size: €1M–€5M
Type: High-growth startups across sectors
Sector:
Fintech
SaaS
Enterprise software
🌐 Kibo Ventures

‍

3. Mundi Ventures

Location: Madrid
Mundi Ventures backs early and growth-stage startups in insurtech, fintech, and enterprise tech, especially those targeting Spanish-speaking markets worldwide.
Stage: Series A–B
Size: €5M–€10M
Type: Purpose-driven, scalable ventures
Sector:
Insurtech
Enterprise tech
Fintech
🌐 Mundi Ventures

‍

4. All Iron Ventures

Location: Bilbao
Founded by the creators of Ticketbis (acquired by eBay), All Iron Ventures invests in early-stage European startups reshaping consumer and enterprise markets.
Stage: Seed to Series A
Size: €300K–€3M
Type: Ambitious, tech-driven companies
Sector:
Marketplaces
SaaS
Subscription models
🌐 All Iron Ventures

‍

5. Cabiedes & Partners

Location: Madrid
One of Spain’s VC veterans, Cabiedes & Partners has backed startups since 1998, focusing on B2C, retail, IoT, and technology companies across Europe and Latin America.
Stage: Seed to Late
Size: €200K–€10M
Type: Growth-stage innovators
Sector:
B2C
Retail
IoT
🌐 Cabiedes & Partners

‍

6. JME Ventures

Location: Madrid
JME Ventures partners with top Spanish founders, supporting early-stage startups across fintech, edtech, and tech sectors — from idea to exit.
Stage: Early
Size: Undisclosed
Type: Visionary, globally ambitious teams
Sector:
Fintech
Edtech
SaaS
🌐 JME Ventures

‍

7. Pitchdrive

Location: Barcelona
Pitchdrive is a founder-first, hands-on pre-seed VC helping startups get from pitch to launch with speed, clarity, and strategic support. Focused on SaaS, marketplaces, and AI, they help founders hit their first growth milestones fast.
Stage: Pre-seed to Seed
Size: €100K–€500K
Type: Early-stage, tech-forward startups
Sector:
SaaS
Marketplace
AI
🌐 Pitchdrive

‍

8. Inveready

Location: Barcelona
Inveready is one of Spain’s top asset managers, backing startups across deep tech, life sciences, and digital technology from early to growth stages.
Stage: Early to Growth
Size: €250K–€2M
Type: Innovative, fast-scaling startups
Sector:
Deep tech
Life sciences
SaaS
🌐 Inveready

‍

9. Lanta Digital Ventures

Location: Barcelona
Lanta Digital Ventures combines investment with expert advisory, helping early-stage startups succeed in internet, healthcare, education, and technology sectors.
Stage: Seed to Early
Size: €500K–€2M
Type: Digital-first, high-impact startups
Sector:
Internet
Mobile
Healthcare
🌐 Lanta Digital Ventures

‍

10. Nauta Capital

Location: Barcelona, London, Berlin
Nauta Capital is a pan-European VC specializing in B2B SaaS, deep tech, and enterprise solutions, with a hands-on approach from seed to Series B.
Stage: Late Seed to Series B
Size: €1M–€5M
Type: Capital-efficient, disruptor startups
Sector:
B2B SaaS
Enterprise tech
Deep tech
🌐 Nauta Capital

‍

11. Samaipata

Location: Madrid, Paris, London
Samaipata invests in early-stage digital businesses with network effects, supporting founders through capital, mentorship, and an empowering community.
Stage: Pre-seed to Seed
Size: €500K–€3M
Type: Network-effect startups with global ambition
Sector:
Digital platforms
SaaS
Fintech
🌐 Samaipata

‍

12. Ysios Capital

Location: Barcelona
Ysios Capital is Spain’s leading life sciences VC, backing early- and mid-stage biotech and healthcare companies developing groundbreaking therapeutic solutions.
Stage: Early to Mid
Size: €1M–€20M
Type: Science-driven, transformative ventures
Sector:
Biotech
Healthcare
Life sciences
🌐 Ysios Capital

‍

13. Encomenda Smart Capital

Location: Barcelona
Encomenda Smart Capital mixes the agility of angel investing with the capacity of VC, backing Spain’s most promising seed-stage digital startups.
Stage: Seed
Size: €100K–€1.8M
Type: Entrepreneur-focused, fast-execution startups
Sector:
Sector-agnostic digital
B2B SaaS
Fintech
🌐 Encomenda Smart Capital

‍

14. Cemex Ventures

Location: Madrid (global reach)
Cemex Ventures focuses on early-stage startups revolutionizing the construction industry through green solutions, supply chain innovations, and advanced building materials.
Stage: Early
Size: Undisclosed
Type: Construction tech disruptors
Sector:
Green construction
Industrial tech
Productivity solutions
🌐 Cemex Ventures

‍

15. Adara Ventures

Location: Madrid, Luxembourg
Adara Ventures backs B2B companies solving complex problems in cybersecurity, data, infrastructure, and digital health, with a global outlook.
Stage: Early
Size: Undisclosed
Type: Deep-tech B2B startups
Sector:
Cybersecurity
DevOps
Digital health
🌐 Adara Ventures

‍

16. GOHUB Ventures

Location: Valencia
GOHUB Ventures is the VC arm of Global Omnium, investing in B2B deep tech startups driving digitalization and sustainability across industries.
Stage: Seed to Growth
Size: €250K–€3M
Type: B2B tech with industrial applications
Sector:
IoT
AI
Industrial automation
🌐 GOHUB Ventures

‍

17. Sabadell Ventures

Location: Barcelona
Sabadell Venture Capital, part of Banco Sabadell, supports early-stage digital and technology companies with venture debt and strategic backing.
Stage: Seed to Series A
Size: €200K–€2M
Type: High-growth, innovative companies
Sector:
Digital tech
Fintech
B2B SaaS
🌐 Sabadell Ventures

‍

18. 4 Founders Capital

Location: Barcelona
4 Founders Capital is led by serial entrepreneurs, investing early in internet and tech-enabled businesses with a focus on international expansion and revenue growth.
Stage: Pre-seed to Series A+
Size: €100K–€4M
Type: Founders-first, high-growth companies
Sector:
Internet
E-commerce
SaaS
🌐 4 Founders Capital

‍

19. Asabys Partners

Location: Barcelona
Asabys Partners is a health-focused VC backing biotech and healthtech startups developing transformative, patient-impacting solutions.
Stage: Seed to Series B
Size: Undisclosed
Type: High-impact health innovators
Sector:
Biotech
Healthtech
Medical devices
🌐 Asabys Partners

‍

20. CLAVE Capital

Location: Zaragoza
CLAVE Capital focuses on health, medtech, e-health, and biotech solutions, encouraging close collaboration with entrepreneurs and innovation stakeholders.
Stage: Early
Size: Undisclosed
Type: Science-based, high-potential startups
Sector:
Medtech
Biotech
E-health
🌐 CLAVE Capital

‍

Final Thoughts

Spain’s VC firms landscape offers founders diverse options — from deep-tech specialists to corporate investors and life sciences leaders. Whether you’re a seed-stage innovator or scaling a Series B, connect with the right partner, tailor your approach, and get ready to expand your impact.

‍