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.
Investment activity in Spain is heavily concentrated in Madrid, which accounts for 73% of the country's 15 investment firms. Other hubs include Bilbao and Valencia.
Healthcare dominates the investment landscape in Spain, with 67% of investment firms focused on this sector.
Spain is a particularly strong hub for early-stage investing, with over 93% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 13 March 2026
Investment Firms
15
Total Investments
202
Top Sector
Healthcare
Top Stage
Series A
Top Investment Sectors in Spain
The most popular sector focus among Spain investment firms is Healthcare, with 10 investment firms (67%) investing in the space. This is followed by Fintech (9), Cybersecurity (9), HR & Talent (7), Education (7).
Investment Stages in Spain
Spain investment firms are most active at the Series A stage (14 investment firms). This is followed by Seed (14), Series B (9), Series C (5), Pre-Seed (3).
Browse by City
All Investment Firms (15)
Samaipata
Madrid, Spain
22 investments
Series A, Series B
HR & Talent, Logistics & Supply Chain, PropTech …
All Iron Ventures
Bilbao, Spain
22 investments
Series A, Series B
Education, Fintech, Marketing & Advertising …
Adara Ventures
Madrid, Spain
21 investments
Seed, Series B
Cybersecurity, AI, Marketing & Advertising …
Seaya
Madrid, Spain
19 investments
Series A, Series B
Cybersecurity, E-Commerce & Marketplace, SaaS …
Bonsai
Madrid, Spain
18 investments
Series A, Seed
E-Commerce & Marketplace, PropTech, AI …
KFund
Madrid, Spain
16 investments
Pre Seed, Series A
Healthcare, AI, Enterprise Software …
JME Ventures
Madrid, Spain
16 investments
Series A, Seed
Cybersecurity, Healthcare, Education …
Cardumen Capital
Madrid, Spain
14 investments
Series A, Seed
AI, Biotech & Life Sciences, Food & Agriculture …
Angels Capital
Valencia, Spain
12 investments
Seed, Series A
Cybersecurity, Infrastructure & Cloud, Logistics & Supply Chain …
Axon Partners Group
Madrid, Spain
10 investments
Series A, Series C
Biotech & Life Sciences, Construction, Manufacturing …
Sabadell Venture Capital
Barcelona, Spain
9 investments
Seed, Series A
Travel & Hospitality, Education, Defense & Space …
Wayra
Madrid, Spain
7 investments
Seed, Series A
Consumer, Climate & Energy, SaaS …
Telefonica
Madrid, Spain
6 investments
Seed, Series A
Developer Tools, Consumer, Cybersecurity …
Ysios Capital
San Sebastián, Spain
5 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
BBVA
Madrid, Spain
5 investments
Series C, Series F
Fintech, Climate & Energy, Enterprise Software