Investment Firms in Madrid, Spain
As a major European capital, it has developed a robust startup ecosystem with particular strengths in cybersecurity, healthcare, and developer tools. The hub benefits from strong university connections and a concentration of venture capital firms, many of which were established in the early 2010s. Investment activity is primarily focused on the seed to series B stages, supporting a mature pipeline for scaling companies.
Madrid, Spain's investment landscape is shaped by AI, with 68% of its 31 investment firms focused on this sector. The most active by portfolio size are Telefonica, Kfund, and Kibo Ventures.
AI dominates the investment landscape in Madrid, with 68% of investment firms focused on this sector.
Madrid is a particularly strong hub for early-stage investing, with over 94% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 9 September 2026
Investment Firms
31
Total Investments
707
Top Sector
AI
Top Stage
Series A
Top Investment Sectors in Madrid
The most popular sector focus among Madrid investment firms is AI, with 21 investment firms (68%) investing in the space. This is followed by Fintech (16), SaaS (14), Enterprise Software (12), Healthcare (12).
Investment Stages in Madrid
Madrid investment firms are most active at the Series A stage (30 investment firms). This is followed by Seed (29), Series B (21), Pre-Seed (16), Growth (14).
Telefonica
Madrid, Spain
80 investments
Series A, Seed
AI, Cybersecurity, Fintech …
Kfund
Madrid, Spain
64 investments
Seed, Pre Seed
AI, Data & Analytics, Infrastructure & Cloud …
Kibo Ventures
Madrid, Spain
51 investments
Series A, Seed
AI, Cybersecurity, Data & Analytics …
JME Ventures
Madrid, Spain
49 investments
Seed, Series A
Fintech, SaaS, Healthcare …
Adara Ventures
Madrid, Spain
43 investments
Series A, Seed
Cybersecurity, Data & Analytics, Infrastructure & Cloud …
Seaya
Madrid, Spain
41 investments
Series A, Seed
AI, Fintech, Climate & Energy …
Axon Partners Group
Madrid, Spain
37 investments
Series A, Series C
AI, Biotech & Life Sciences, Climate & Energy …
Athos Capital
Madrid, Spain
36 investments
Seed, Series A
SaaS, AI, Fintech …
Samaipata
Madrid, Spain
28 investments
Series A, Seed
AI, E-Commerce & Marketplace, SaaS …
Bonsai Partners
Madrid, Spain
28 investments
Series A, Seed
SaaS, E-Commerce & Marketplace, Fintech …
Cardumen Capital
Madrid, Spain
25 investments
Seed, Series A
AI, Cybersecurity, Data & Analytics …
BBVA
Madrid, Spain
22 investments
Series C, Series D
Fintech, SaaS, AI …
Mundi Ventures
Madrid, Spain
22 investments
Series A, Seed
Fintech, Insurance, AI …
Cemex Ventures
Madrid, Spain
21 investments
Series A, Seed
Construction
Big Sur Ventures
Madrid, Spain
19 investments
Series A, Seed
SaaS, AI, E-Commerce & Marketplace …
Mission (formerly Demium)
Madrid, Spain
19 investments
Pre Seed, Seed
AI, Fintech, E-Commerce & Marketplace …
Swanlaab
Madrid, Spain
15 investments
Series A, Seed
Enterprise Software, Food & Agriculture, SaaS
Actyus
Madrid, Spain
12 investments
Series A, Series B
Fintech, AI, PropTech …
Enisa (Empresa Nacional de Innovación)
Madrid, Spain
11 investments
Pre Seed, Seed
AI, Fintech, Healthcare …
Bullnet Capital
Madrid, Spain
10 investments
Series A, Series C
AI, Cybersecurity, Enterprise Software …
SETT
Madrid, Spain
10 investments
Series C, Series B
Data & Analytics, Hardware & Semiconductors, Telecom …
Myelin VC
Madrid, Spain
9 investments
Seed, Series C
AI, Biotech & Life Sciences, Consumer …
AXIS
Madrid, Spain
8 investments
Series B, Series A
Climate & Energy, Infrastructure & Cloud, Enterprise Software …
Zubi Capital
Madrid, Spain
8 investments
Seed, Series A
Climate & Energy, Education, Fintech …
Decelera Ventures
Madrid, Spain
7 investments
Seed, Series A
Climate & Energy, Enterprise Software, SaaS …
Fondo Bolsa Social
Madrid, Spain
6 investments
Series A, Pre Seed
Climate & Energy, Consumer, Education …
Santander Alternative Investments
Madrid, Spain
6 investments
Series B, Series C
Infrastructure & Cloud, Climate & Energy, PropTech …
Addendum Capital
Madrid, Spain
5 investments
Seed, Series A
SaaS
BBVA Spark
Madrid, Spain
5 investments
Series A, Series B
Fintech, Enterprise Software, AI …
Faraday
Madrid, Spain
5 investments
Series A, Pre Seed
Enterprise Software, Cybersecurity, AI …
Leadwind
Madrid, Spain
5 investments
Series A, Seed
AI, Data & Analytics, Enterprise Software …