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 11 cities, with 63 investment firms tracked by Goldilocks AI. The largest hubs are Madrid (35), Barcelona (15), Valencia (4).
AI dominates the investment landscape in Spain, with 51% 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: 20 October 2026
Investment Firms
63
Total Investments
1,635
Top Sector
Fintech
Top Stage
Series A
Top Investment Sectors in Spain
The most popular sector focus among Spain investment firms is AI, with 32 investment firms (51%) investing in the space. This is followed by SaaS (30), Fintech (28), Healthcare (24), Climate & Energy (21).
Investment Stages in Spain
Spain investment firms are most active at the Series A stage (61 investment firms). This is followed by Seed (61), Series B (39), Pre-Seed (33), Growth (25).
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 (63)
Showing 1–36 of 63 investment firms
Telefonica
Madrid, Spain
85 investments
Series A, Seed
AI, Cybersecurity, Fintech …
Kfund
Madrid, Spain
82 investments
Seed, Pre Seed
AI, Data & Analytics, Infrastructure & Cloud …
Nauta Capital
Barcelona, Spain
80 investments
Series A, Seed
SaaS, Enterprise Software, Fintech …
Inveready
San Sebastián, Spain
73 investments
Series A, Seed
SaaS, Enterprise Software, Cybersecurity …
Kibo Ventures
Madrid, Spain
57 investments
Series A, Seed
AI, Cybersecurity, Data & Analytics …
Seaya
Madrid, Spain
51 investments
Series A, Series B
AI, Fintech, Climate & Energy …
JME Ventures
Madrid, Spain
51 investments
Seed, Series A
Fintech, SaaS, Healthcare …
Acurio Ventures
Bilbao, Spain
50 investments
Series A, Seed
E-Commerce & Marketplace, SaaS
Adara Ventures
Madrid, Spain
48 investments
Series A, Seed
Cybersecurity, Data & Analytics, Infrastructure & Cloud …
Axon Partners Group
Madrid, Spain
43 investments
Series A, Seed
AI, Biotech & Life Sciences, Climate & Energy …
Mundi Ventures
Madrid, Spain
43 investments
Series A, Series B
Fintech, Insurance, AI …
Ysios Capital
San Sebastián, Spain
42 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
Angels Capital
Valencia, Spain
39 investments
Seed, Series A
SaaS, Fintech, Consumer …
Caixa Capital Risc
Barcelona, Spain
38 investments
Series A, Seed
Biotech & Life Sciences, Healthcare, AI …
Nina Capital
Barcelona, Spain
35 investments
Seed, Series A
Healthcare, Biotech & Life Sciences, Data & Analytics
Athos Capital
Madrid, Spain
34 investments
Seed, Series A
SaaS, AI, Fintech …
Bonsai Partners
Madrid, Spain
33 investments
Series A, Series B
SaaS, E-Commerce & Marketplace, Fintech …
Columbus Venture Partners
Valencia, Spain
31 investments
Series B, Seed
Biotech & Life Sciences, Healthcare
Mission (formerly Demium)
Madrid, Spain
31 investments
Pre Seed, Seed
AI, Fintech, E-Commerce & Marketplace …
Banco Sabadell
Sabadell, Spain
30 investments
Seed, Series A
Fintech, Enterprise Software, AI …
Samaipata
Madrid, Spain
29 investments
Series A, Seed
AI, E-Commerce & Marketplace, SaaS …
BBVA
Madrid, Spain
29 investments
Series D, Series C
Fintech, SaaS, AI …
Sabadell Venture Capital
Barcelona, Spain
29 investments
Series A, Seed
Fintech, SaaS, Healthcare
Asabys Partners
Barcelona, Spain
29 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Cardumen Capital
Madrid, Spain
27 investments
Series A, Seed
AI, Cybersecurity, Data & Analytics …
Ship2B Ventures
Barcelona, Spain
27 investments
Seed, Series A
Healthcare, Climate & Energy, Education …
4Founders Capital
Barcelona, Spain
26 investments
Seed, Series A
AI, SaaS, Fintech …
GoHub
Valencia, Spain
26 investments
Seed, Series A
SaaS, Healthcare, AI …
Big Sur Ventures
Madrid, Spain
25 investments
Series A, Seed
SaaS, AI, E-Commerce & Marketplace …
Zubi Capital
Madrid, Spain
25 investments
Seed, Series A
Climate & Energy, Education, Fintech …
Enisa (Empresa Nacional de Innovación)
Madrid, Spain
21 investments
Pre Seed, Seed
AI, Fintech, Healthcare …
Draper B1
Valencia, Spain
20 investments
Seed, Series A
AI, Defense & Space, Cybersecurity …
Faraday
Madrid, Spain
20 investments
Series A, Seed
Enterprise Software, Cybersecurity, AI …
Eoniq.fund
Seville, Spain
19 investments
Series A, Pre Seed
Mobility & Transportation, Logistics & Supply Chain, E-Commerce & Marketplace …
Swanlaab
Madrid, Spain
18 investments
Series A, Seed
Enterprise Software, Food & Agriculture, SaaS
Encomenda
Barcelona, Spain
17 investments
Seed, Pre Seed
AI, SaaS, Fintech
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