Spain’s venture capital market has matured quietly but decisively. Over the last decade, a group of homegrown and Europe-focused investors has helped turn local startups into global companies, backing founders not just with capital, but with long-term conviction.
1. Seaya Ventures
Seaya Ventures has become one of Spain’s most internationally respected VC firms, known for backing digital-first companies with global scale from day one.
Focus: Consumer internet, fintech, marketplaces
Stage: Early to growth
Seaya was an early backer of Glovo, supporting its expansion beyond Spain into multiple international markets before its acquisition by Delivery Hero.
2. K Fund
K Fund is deeply embedded in Spain’s founder ecosystem, often investing at the very first institutional round.
Focus: Platforms, SaaS, consumer tech
Stage: Pre-seed to Series A
K Fund invested early in Factorial, an HR software startup that scaled across Europe and reached unicorn valuation while remaining operationally based in Spain.
3. Nauta Capital
With offices in Barcelona and London, Nauta Capital specializes in helping European B2B companies access international markets.
Focus: B2B SaaS, cloud software
Stage: Series A–B
Nauta backed Holded, a business management platform for SMEs that later became one of Spain’s most notable SaaS acquisitions by Visma.
4. Kibo Venture
Kibo Ventures is known for its technical depth and selective approach, investing in companies with strong engineering foundations.
Focus: Deep tech, AI, cybersecurity
Stage: Early stage
Kibo invested in Carto, a location intelligence company that grew into a global data platform used by governments and Fortune 500 firms.
5. Caixa Capital Risc
As the venture arm of CaixaBank, this fund plays a strategic role in Spain’s innovation pipeline.
Focus: Fintech, healthtech, industrial innovation
Stage: Seed to growth
Caixa Capital Risc supported Wallbox, an electric vehicle charging company that later listed on the New York Stock Exchange.
6. Inveready
Inveready is one of the most active early-stage investors in Spain, particularly strong in technology-led businesses.
Focus: Software, hardware, life sciences
Stage: Seed to Series A
The firm invested in Red Points, a brand-protection SaaS company that now operates globally and serves large enterprise clients.
7. Samaipata
Samaipata focuses on marketplace and platform businesses, particularly in Southern Europe.
Focus: Marketplaces, network-effect businesses
Stage: Early stage
Samaipata backed DocPlanner, a healthcare booking platform that expanded across Europe and Latin America, becoming a category leader.
8. JME Ventures
JME Ventures has a long history of backing Spanish entrepreneurs with international ambitions.
Focus: Internet businesses, SaaS, e-commerce
Stage: Early to growth
JME invested in Flywire, a global payments company founded in Spain that later went public on NASDAQ.
9. Cabiedes & Partners
One of Spain’s earliest tech investors, Cabiedes & Partners is known for taking risks at seed stage.
Focus: Digital platforms, online services
Stage: Seed
The firm was an early investor in Tuenti, Spain’s first major social network, later acquired by Telefonica.
10. GP Bullhound (Spain)
Operating at the intersection of venture capital and advisory, GP Bullhound supports companies through growth and exit stages.
Focus: Technology, marketplaces, digital media
Stage: Growth
GP Bullhound worked closely with Idealista, Spain’s leading real estate platform, during its expansion and multiple ownership transitions.
Why These Investors Matter
Together, these ten investors reflect the core strength of Spain’s venture ecosystem a mix of early conviction, operational support, and global perspective. Their track records show that Spanish startups are no longer regional plays, but international businesses built from local roots.
