Top 20 Venture Capital Firms in Spain for Startups in 2026
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. This list ranks the most active VC firms by deal volume, so you know who’s actually writing the most checks.
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.
💰 Size: Variable (Seed–Series B)
📍 Stage: Seed to Series B
🌐 Caixa Capital Risc
2. 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.
💰 Size: €250K–€2M
📍 Stage: Early to Growth
🌐 Inveready
3. 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.
💰 Size: €100K–€1.8M
📍 Stage: Seed
🌐 Encomenda Smart Capital
4. 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.
💰 Size: €1M–€5M
📍 Stage: Pre-Series A to Series A
🌐 Kibo Ventures
5. 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.
💰 Size: €100K–€500K
📍 Stage: Pre-seed to Seed
🌐 Pitchdrive
6. 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.
💰 Size: €1M–€5M
📍 Stage: Late Seed to Series B
🌐 Nauta Capital
7. 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.
💰 Size: €300K–€3M
📍 Stage: Seed to Series A
🌐 All Iron Ventures
8. Samaipata
Location: Madrid, Paris, London
Samaipata invests in early-stage digital businesses with network effects, supporting founders through capital, mentorship, and an empowering community.
💰 Size: €500K–€3M
📍 Stage: Pre-seed to Seed
🌐 Samaipata
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.
💰 Size: €500K–€2M
📍 Stage: Seed to Early
🌐 Lanta Digital Ventures
10. 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.
💰 Size: €200K–€10M
📍 Stage: Seed to Late
🌐 Cabiedes & Partners
11. 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.
💰 Size: €5M–€10M
📍 Stage: Series A–B
🌐 Mundi Ventures
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.
💰 Size: €1M–€20M
📍 Stage: Early to Mid
🌐 Ysios Capital
13. 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.
💰 Size: Undisclosed (typical early-stage)
📍 Stage: Early
🌐 JME Ventures
14. 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.
💰 Size: €250K–€3M
📍 Stage: Seed to Growth
🌐 GOHUB 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.
💰 Size: Undisclosed (typically €1M–€5M)
📍 Stage: Early
🌐 Adara Ventures
16. 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.
💰 Size: Undisclosed
📍 Stage: Early
🌐 Cemex Ventures
17. 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.
💰 Size: €100K–€4M
📍 Stage: Pre-seed to Series A+
🌐 4 Founders Capital
18. Asabys Partners
Location: Barcelona
Asabys Partners is a health-focused VC backing biotech and healthtech startups developing transformative, patient-impacting solutions.
💰 Size: Undisclosed
📍 Stage: Seed to Series B
🌐 Asabys Partners
19. CLAVE Capital
Location: Zaragoza
CLAVE Capital focuses on health, medtech, e-health, and biotech solutions, encouraging close collaboration with entrepreneurs and innovation stakeholders.
💰 Size: Undisclosed
📍 Stage: Early
🌐 CLAVE Capital
20. Sabadell Ventures
Location: Barcelona
Sabadell Venture Capital, part of Banco Sabadell, supports early-stage digital and technology companies with venture debt and strategic backing.
💰 Size: €200K–€2M
📍 Stage: Seed to Series A
🌐 Sabadell Ventures
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.