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 56% of the country's 36 investment firms. Other hubs include Barcelona and Valencia.
Cybersecurity dominates the investment landscape in Spain, with 42% of investment firms focused on this sector.
Spain is a particularly strong hub for early-stage investing, with over 75% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 24 April 2026
Investment Firms
36
Total Investments
306
Top Sector
Cybersecurity
Top Stage
Series A
Top Investment Sectors in Spain
The most popular sector focus among Spain investment firms is Cybersecurity, with 15 investment firms (42%) investing in the space. This is followed by Fintech (14), Healthcare (13), AI (10), Consumer (9).
Investment Stages in Spain
Spain investment firms are most active at the Series A stage (27 investment firms). This is followed by Seed (25), Series B (13), Series C (9), Pre-Seed (7).
Browse by City
All Investment Firms (36)
All Iron Ventures
Bilbao, Spain
24 investments
Series A, Series B
Education, Consumer, Fintech …
Adara Ventures
Madrid, Spain
23 investments
Seed, Series A
Cybersecurity, AI, Marketing & Advertising
Seaya
Madrid, Spain
23 investments
Series A, Series B
Healthcare, Cybersecurity, E-Commerce & Marketplace …
Samaipata
Madrid, Spain
22 investments
Series A, Seed
HR & Talent, Logistics & Supply Chain, AI …
JME Ventures
Madrid, Spain
21 investments
Series A, Seed
Education, Cybersecurity, Healthcare
KFund
Madrid, Spain
20 investments
Pre Seed, Seed
AI, Healthcare, Enterprise Software …
Bonsai
Madrid, Spain
19 investments
Series A, Seed
E-Commerce & Marketplace, PropTech, Logistics & Supply Chain …
Cardumen Capital
Madrid, Spain
16 investments
Series A, Seed
AI, Cybersecurity, Biotech & Life Sciences …
Axon Partners Group
Madrid, Spain
12 investments
Series A, Series C
Biotech & Life Sciences, Construction, Manufacturing …
Angels Capital
Valencia, Spain
12 investments
Seed, Series A
Cybersecurity, Infrastructure & Cloud, Logistics & Supply Chain …
Sabadell Venture Capital
Barcelona, Spain
9 investments
Series A, Seed
Travel & Hospitality, Education, Defense & Space …
Wayra
Madrid, Spain
9 investments
Seed, Series A
Consumer, Fintech, Climate & Energy …
BBVA
Madrid, Spain
9 investments
Series C, Growth
Fintech, Travel & Hospitality, Climate & Energy …
Telefonica
Madrid, Spain
6 investments
Seed, Series A
Developer Tools, Consumer, Cybersecurity …
Ysios Capital
San Sebastián, Spain
6 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
Big Sur
Madrid, Spain
6 investments
Seed, Series A
Education, AI, Hardware & Semiconductors …
Inveready
San Sebastian, Spain
6 investments
Seed, Series A
Developer Tools, Healthcare, Cybersecurity …
Bankinter
Madrid, Spain
5 investments
Seed, Series A
Fintech, Hardware & Semiconductors, SaaS …
EIT Urban Mobility
Barcelona, Spain
5 investments
Series A, Pre Seed
Robotics & Automation, Infrastructure & Cloud, Logistics & Supply Chain …
Banco Sabadell
Barcelona, Spain
5 investments
Seed, Growth
Cybersecurity, Fintech, Mobility & Transportation …
Ship2B
Barcelona, Spain
5 investments
Seed, Series A
Healthcare, PropTech, Consumer
Cemex Ventures
Madrid, Spain
4 investments
Growth, Series A
Construction, Climate & Energy
Demium Capital
Valencia, Spain
4 investments
Pre Seed, Seed
Fintech, Defense & Space, AI …
Actyus
Madrid, Spain
4 investments
Growth, Series B
Fintech, Defense & Space, Cybersecurity
Adevinta Ventures
Barcelona, Spain
4 investments
Series A, Seed
PropTech, Enterprise Software, Consumer
Bullnet Capital
Pozuelo de Alarcón, Spain
3 investments
Series C, Series B
Hardware & Semiconductors
Myelin VC
Madrid, Spain
3 investments
Seed, Series C
AI, Infrastructure & Cloud, Gaming
ENISA
Madrid, Spain
3 investments
Seed, Pre Seed
Fintech, Logistics & Supply Chain
We Venture Capital
Barcelona, Spain
3 investments
Series A
Healthcare, Biotech & Life Sciences
GoHub
Valencia, Spain
3 investments
Seed, Series A
Logistics & Supply Chain, Marketing & Advertising, Consumer
Antai Venture Builder
Barcelona, Spain
2 investments
Healthcare, E-Commerce & Marketplace
Banco Santander
Boadilla del Monte, Spain
2 investments
Cybersecurity, Climate & Energy
Atresmedia
San Sebastián De Los Reyes, Spain
2 investments
SaaS, Consumer
Decelera Ventures
Madrid, Spain
2 investments
PropTech, E-Commerce & Marketplace
Addendum Capital
Madrid, Spain
2 investments
Cybersecurity, AI
Cabiedes & Partners
Madrid, Spain
2 investments
Fintech