Investment Firms in Spain
The ecosystem is anchored by vibrant hubs in Barcelona and Madrid, which benefit from strong government innovation programs and deep university research ties. Its venture capital landscape is relatively young but has matured around key strengths in sectors like fintech, healthcare, and digital infrastructure. This focus is supported by a growing network of accelerators and a strategic position as a gateway to Latin American markets.
Spain has a deep venture capital ecosystem spanning 10 cities, with 58 investment firms tracked by Goldilocks AI. The largest hubs are Madrid (31), Barcelona (15), Valencia (4).
AI dominates the investment landscape in Spain, with 55% of investment firms focused on this sector.
Spain is a particularly strong hub for early-stage investing, with over 97% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 9 September 2026
Investment Firms
58
Total Investments
1,289
Top Sector
Biotech & Life Sciences
Top Stage
Series A
Top Investment Sectors in Spain
The most popular sector focus among Spain investment firms is AI, with 32 investment firms (55%) investing in the space. This is followed by SaaS (30), Fintech (27), Healthcare (24), Enterprise Software (18).
Investment Stages in Spain
Spain investment firms are most active at the Seed stage (56 investment firms). This is followed by Series A (54), Pre-Seed (34), Series B (32), Growth (19).
Where they are
Each circle is a city; its area is the number of investment firms based there, and darker circles hold more.
Browse by City
All Investment Firms (58)
Showing 1–36 of 58 investment firms
Telefonica
Madrid, Spain
80 investments
Series A, Seed
AI, Cybersecurity, Fintech …
Inveready
San Sebastián, Spain
67 investments
Series A, Seed
SaaS, Enterprise Software, Cybersecurity …
Kfund
Madrid, Spain
64 investments
Seed, Pre Seed
AI, Data & Analytics, Infrastructure & Cloud …
Nauta Capital
Barcelona, Spain
63 investments
Series A, Seed
SaaS, Enterprise Software, Fintech …
Banco Sabadell
Sabadell, Spain
52 investments
Seed, Series A
Fintech, Enterprise Software, AI …
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 …
Acurio Ventures
Bilbao, Spain
36 investments
Series A, Seed
E-Commerce & Marketplace, SaaS
Athos Capital
Madrid, Spain
36 investments
Seed, Series A
SaaS, AI, Fintech …
Ysios Capital
San Sebastián, Spain
36 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
Caixa Capital Risc
Barcelona, Spain
29 investments
Series A, Seed
Biotech & Life Sciences, Healthcare, AI …
Samaipata
Madrid, Spain
28 investments
Series A, Seed
AI, E-Commerce & Marketplace, SaaS …
Nina Capital
Barcelona, Spain
28 investments
Seed, Series A
Healthcare, Biotech & Life Sciences, Data & Analytics
Bonsai Partners
Madrid, Spain
28 investments
Series A, Seed
SaaS, E-Commerce & Marketplace, Fintech …
Angels Capital
Valencia, Spain
27 investments
Seed, Series A
SaaS, Fintech, Consumer …
Columbus Venture Partners
Valencia, Spain
26 investments
Seed, Series B
Biotech & Life Sciences, Healthcare
Cardumen Capital
Madrid, Spain
25 investments
Seed, Series A
AI, Cybersecurity, Data & Analytics …
Sabadell Venture Capital
Barcelona, Spain
24 investments
Series A, Seed
Fintech, SaaS, Healthcare
GoHub
Valencia, Spain
24 investments
Seed, Series A
SaaS, Healthcare, AI …
4Founders Capital
Barcelona, Spain
23 investments
Seed, Series A
AI, SaaS, Fintech …
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
Ship2B Ventures
Barcelona, Spain
21 investments
Seed, Series A
Healthcare, Climate & Energy, Education …
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 …
Asabys Partners
Barcelona, Spain
17 investments
Series C, Series B
Biotech & Life Sciences, Healthcare
Swanlaab
Madrid, Spain
15 investments
Series A, Seed
Enterprise Software, Food & Agriculture, SaaS
Draper B1
Valencia, Spain
14 investments
Seed, Series A
AI, Defense & Space, Cybersecurity …
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 …
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