# Top 50 Retail VC (Venture Capital) Funds in Spain in May 2026

## Cabiedes & Partners
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: E-Commerce, Internet, Fashion

Cabiedes & Partners is a Spanish venture capital firm that provides seed funding and early-stage and later-stage investment services.
Cabiedes & Partners was founded in 2009 and is headquartered in Madrid, Spain.

## Big Sur Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Internet

BSV invests early, commits personally and team up with exceptional founders to help build extraordinary companies. What we do: Seed Phase, Technology Based & Investments.

## Draper B1
- Type: VC Fund
- Location: Valencia, Comunidad Valenciana, Spain
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Internet

Our mission is to help entrepreneurs who are innovating and transforming the way we live and work.

## ENISA
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 4
- Stages: Seed, Debt Financing, Pre-Seed
- Focus: Software, Health Care, Information Technology

ENISA is a public company under the Ministry of Industry, Energy and Tourism, through the Directorate General of Industry and Small and medium-sized enterprises which, since 1982, actively participates in the financing of viable and innovative business projects.

## Bonsai Venture Capital SCR
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: E-Commerce, Advertising, Mobile Apps

Bonsai Venture Capital has been encouraging entrepreneurs since 1999.

## Nauta Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Mobile

Nauta Capital is a Venture Capital firm investing in early stage technology companies. Main areas of interest include B2B Software propositions, disruptive Digital Media companies, and enabling technologies for Mobile and the Internet. Nauta has over €300 million under management and invests across Europe. Nauta operates from London (UK), Barcelona(Spain) and Munich (Germany).

## Faraday Venture Partners
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, SaaS, Software

Founded in 2011, Faraday Venture Partners is a pan-European Venture Capital firm investing in European innovative early-stage startups via its network of Clubs of  Investors and its own Funds.

## Wayra
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

## Kibo Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, E-Commerce, Mobile

Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $130 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25year-old private equity arm).Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential. Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest. Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors.

## Caixa Capital Risc
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Biotechnology, E-Commerce

Caixa Capital Risc (CCR) is the VC arm of CriteriaCaixa which invests in innovative companies in their start-up and growth stages. The company has three specialised teams in the areas of Information Technology, Life Sciences, and Industrial technologies.
Caixa Capital Risc currently manages more than €300m through 11 specialised vehicles.

## EASO Ventures
- Type: VC Fund
- Location: San Sebastian, Pais Vasco, Spain
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, Education

Easo Ventures es una Sociedad de Capital Riesgo Vasca y Privada, cuyo objetivo es invertir en Startups y PYMES con proyectos de crecimiento.

## Sabadell Venture Capital
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Series B
- Focus: Software, E-Commerce, Internet

Sabadell Venture Capital's main purpose is to support entrepreneurial Spanish projects during their initial stages (Seed and Early Stage). They want to be the financial partner of the startups and to be part of its innovative and transformative projects. They add value to the company through the different stages of its growth. Banco Sabadellis defined by its entrepreneurial spirit: “A bank by entrepreneurs, for entrepreneurs, helping entrepreneurs".

## Bankinter
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, FinTech, E-Commerce

Bankinter is an innovative Spanish commercial bank. From an investment perspective, Bankinter's Venture Capital team and Fundación Innovación Bankinter jointly develop a program called Venture Capital Program, focused on identifying and investing in high potential startups using the bank's resources. The program has been active since2013, and from that moment it has already invested in more than 40 startups. In addition to the investment itself, the program tries to add value to the companies with which it interacts through the sharing of experiences and best practices.A key part of the company's strategy is the quality of customer service and innovation. The spirit is defined by the values ​​agility, enthusiasm, integrity, and originality. The company offers a wide range of financial products and services, in addition to advising clients, aggregators, product simulators, and a variety of value-added services. The company's staff are trained, agile, flexible workforce, capable of adapting to technological and market changes.Bankinter was founded on 1965 and is headquartered in Madrid, Spain.

## Abac Nest
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: FinTech, Software, Information Technology

Abac Nest is a venture capital vehicle investing in seed-stage companies in Spain.

## BStartup
- Type: VC Fund
- Location: Sant Cugat Del Vallès, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Health Care

A Banc Sabadell initiative to support young companies in developing their projects. Bstartup is designed to support entrepreneurs so their projects can be developed with maximum guarantees of success.
- Investment and growth
- Specialized products and branches
- Collaborative innovation

## Mangrove Capital Partners
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Information Technology

Mangrove Capital Partners is a contrarian investment firm helping innovative entrepreneurs start and grow.

## ALLVP
- Type: VC Fund
- Location: Mexico City, Distrito Federal, Mexico
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Financial Services, Health Care, FinTech

Founded in 2012 by Federico Antoni, ALLVP is the first institutional fund seed and early venture capital of its kind in Mexico, formed to invest in entrepreneurs with strong components and scalable models of innovation. Across three funds, the firm has invested in more than 30 highly innovative and successful startups throughout Latin America :Cornershop scaled its unique on-demand marketplace from Chile to Canada; Flink provides access to free trading to nearly 2 million small investors; Nuvocargo enables thousands of cross-border shipments in the world's most active trade corridor; Robinfood is building the largest network of ghost restaurants in the region and Yana is the world's fastest-growing mental health app with over 6 million downloads.ALLVP is targeting companies led by founders who share our vision to democratize access to services and fix large inefficient industries such as Healthcare, Financial technology, Consumer Internet and Smart cities & Mobility.The firm is a member of the Latin-American Venture Capital Association (LAVCA), the Mexican Private Equity Association (AMEXCAP) and Endeavor Investor Network.

## Alantra
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Private Equity, Debt Financing, Series B
- Focus: Financial Services, Manufacturing, Information Technology

ALANTRA is a PROJECT, a firm being built by all its partners and professionals, a collective aspiration which aims to become an enduring institution for the generations to come.
It is a GLOBAL FIRM, being founded by the partners of the 19 countries we are present in.It is an open firm, articulated around the principles of ENTREPRENEURSHIP,PARTNERSHIP, INNOVATION and FLEXIBILITY.Their segment is the MID-MARKET, a space for growth, for new ambitions, for creative and innovative spirits. We grow with our clients, we share their mindset and we build very long-term relationships with them.

## 4Founders Capital
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

4Founders Capital is Venture Capital fund, founded in Barcelona in 2017 investing in high growth technology companies with a clear focus on profit generation, efficient use of capital and with solid teams.4Founders Capital is promoted by Jesús Monleón, Marc Badosa, Javier Pérez-Tenessa and Marek Fodor. 4Founders team's international DNA andextensive experience as Founders and CEOs of successful technology companies allows to assist entrepreneurs and maximize their chances of success to build high impact global technology businesses.We are interested in projects with solid teams, which aim to create large international companies, with a market-tested superior product or service, and a clear revenue and profit generation model. Companies are not required to be in break-even.We invest anywhere from €100K in early stage investments, and typically bring co-investors with us to increase that amount. We do follow-ons for up to €4M per company over the lifetime of our investment.

## Miura Private Equity
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Private Equity
- Focus: Health Care, Manufacturing, Retail

Miura Private Equity is an independent private equity firm based in Barcelona, specialized in investing in small and medium-sized Spanish companies, with attractive growth and consolidation plans and a clear international vocation. Miura provides control-oriented capital to lower mid-market companies whose owners and/or management are in needof a strategic financial partner. Their approach is based on a proactive involvement in all portfolio companies by an uncompromised investment of time, money and expertise with the final goal of building robust and sustainable businesses in the long term. They offer a commitment to long-lasting transformation based on excellence and experience.Since 2008, they have invested in more than 33 companies through their funds Miura Fund I and Miura Fund II. In 2018, coinciding with the firm´s 10th Anniversary, they have closed their third fund, Miura Fund III, at €330 million hard cap.

## Bynd Venture Capital
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Health Care

Bynd Venture Capital, former Busy Angels, is a Portuguese venture capital investor with more than 30 active investments in the portfolio in different funds. At Bynd Venture Capital we invest in companies:
- At the seed / early stage
- In IT/Digital and Sustainability (including Lifesciences, Clean Tech, among others) sectors
- FromPortugal, Spain and any startup that has a direct connection with these markets (founders, tech team, investors, ...).

## Bonsai Partners
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, E-Commerce, Logistics

Bonsai Partners is a Venture Capital investment company based in Madrid, Spain. We invest in both primary and secondary opportunities in Tech startups from Europe.

## Toubkal Partners
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: FinTech, Internet, Financial Services

Toubkal Partners is a Spanish investment firm focused on investments in consumer good, technology, and financial industries.

## ELRIM PARTNERS
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Retail, Sports, Bitcoin

Elrim Partners was founded in 2020 by an initial core of partners from the Alicante region (Spain).

## ASTARA Innovation & Venture Lab (formerly B4Motion)
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Automotive, Apps, Transportation

We are a Mobility Lab. We research, invest and build.

## 101 Startups
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Internet, Mobile, Software

101Startups is an investment firm based in Spain that specializes in early-stage startup companies.
The company is an investment fund which aims to invest in early stage digital and new technology companies.

## Zone2boost
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed
- Focus: B2B, SaaS, FinTech

Zone2boost is an open innovation program.

## General Atlantic
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Private Equity, Series B, Series C
- Focus: Software, E-Commerce, Health Care

We partner with leading entrepreneurs and innovative growth companies to deliver value for our family and institutional capital partners.

## Delivery Hero
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Food Delivery, E-Commerce, Delivery

Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.

## Glovo
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1

Glovo is a Barcelona based start-up that is transforming the way consumers access local goods, enabling anyone to get nearly any product delivered in less than 60 minutes. They are currently present in Spain, Italy, Portugal, France, Argentina, Chile, Bolivia, Peru, and many more to come.Glovo’s mobile application connects customers withindependent local couriers, who acquire goods from any restaurant or shop in a city and also deliver urgent packages for a variable fee. The mobile app allows users to find and place orders with their favorite restaurants which are picked up when ready and delivered to the user's doorstep.The platform’s features include geolocation, which allows customers to track their deliveries in real-time and locate the nearest glover (courier), thus optimizing speed and distance. It´s like a new personal courier available to everyone that runs your errands immediately and on-demand.

## TheVentureCity
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Our ticket size ranges from $100-500k for Pre-seed/Seed and $1-4M for Series A companies. We're in search of promising-founders with product-driven mindsets who have a passion for building. Those who've fallen in love with data. For we believe in fit---both product and with the team here. Got a great idea? Come to TheVentureCity and give it the expertise to help it grow.

## Banco Sabadell
- Type: VC Fund
- Location: Alicante, Comunidad Valenciana, Spain
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Software, E-Commerce, Internet

Banco Sabadell is a banking group that specializes in serving small and medium enterprises. It comprises of several banks, brands, subsidiaries, and associated banks.
The company was founded in 1881 and is headquartered in Alicante, Spain.

## Angels Capital
- Type: VC Fund
- Location: Valencia, Comunidad Valenciana, Spain
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Software, E-Commerce, Financial Services

Angels Capital philosophy is to find and support at 1 able to lead a project. Their goal is to support the entrepreneurial, helping to create new businesses, help grow their business sector, generate employment and create wealth.

## JME Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

JME Venture Capital is an early-stage investment fund based in Madrid and Barcelona. The company was established in 2009 and is based in Madrid, Spain.

## Insight Partners
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, SaaS, Information Technology

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies.

## All Iron Ventures
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Internet

All Iron Ventures partners up with bold founders promoting innovative startups. We mainly invest in the early stages of European companies that aspire to reshape the future of both consumers and enterprises through technology. We at All Iron Ventures have been and continue to be entrepreneurs. We know what it is to be a founder and empathize withthe challenges our partner founders face. We put our resources and experience creating, scaling and selling companies at their disposal to help them take their projects to the next level. Based in Bilbao, Spain, and with approximately €110Mn under management, All Iron Ventures was promoted by the founders of Ticketbis, a global marketplace sold to eBay in 2016, in what is one of the main success stories in Spain’s startup ecosystem.

## Fondo Bolsa Social
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: B2B, SaaS, Travel

Fondo Bolsa Social venture capital fund that invests into startups or new companies that generates positive social and environmental impact.

## LGT group
- Type: VC Fund
- Location: Vaduz, Vaduz, Liechtenstein
- Relevant deals: 1
- Stages: Series D, Series C, Series B
- Focus: FinTech, Health Care, Financial Services

For more than 100 years, LGT has been the global private bank for wealthy clients who want to invest in a forward looking and sustainable manner.

## Index Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Internet

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

## Cupido Capital
- Type: VC Fund
- Relevant deals: 1

Cupido Capital is the first investment vehicle that invests in pre-Seed Spanish startups.** Professional Investment since day 1 **We support your project even when you have not yet hit the market. TALENT is the most important factor.** Unique Entrepreneurs **Rockstars who want to change the world.** + 180 Startups Invested **
Ourentrepreneurs/investors know the drill and will help you with their experience and contacts.Send us your project!

## Gala Capital Partners
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Mobile, Retail

Private investment management firm headquartered in Madrid and established in 1998, with over 80 transactions executed. Direct Investments, Private Equity and Venture Capital.

## CBDSI GmbH
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Cannabis, E-Commerce

Holding

## The Crowd Angel
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed, Equity Crowdfunding
- Focus: Internet, E-Commerce, Software

The Crowd Angel is a premium equity crowdfunding platform that enables its users to invest from 3.000€ in a selection of the best Spanish startups. A hybrid between crowdfunding and venture capital, it takes an active part on the board of the companies invested. The platform opens the business angel model to people wanting to enter the startupecosystem.We have co-invested together with some of top Spanish VCs (Inveready, Keyword VC, Antai Venture Builder, Media Digital Ventures, Bankinter, etc). We are backed by Inveready and Keyword VC.

## VERI SEED CAPITAL
- Type: VC Fund
- Location: Palma De Mallorca, Islas Baleares, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Information Technology, B2B, Home Services

verus, veri (lat.) actual, genuine, real, true..

## Seed Capital Bizkaia
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Health Care

Seed Capital de Bizkaia is a Regional Council company affiliated to Biscay Regional Council's Department of Economic Development and Innovation (Departamento de Innovación y Promoción Económica de la Diputación Foral de Bizkaia) whose aim is to manage a Venture Capital Fund called “Seed Capital Bizkaia, F.C.R.”.

## FJ Labs
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Software, Financial Services

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

## Muzinich & Co
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Focus: Pet, Retail, Fashion

Muzinich & Co. is a privately-owned, institutionally-focused investment firm specializing in public and private corporate credit.

## Aurorial
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: B2B, Retail, Travel

Aurorial

## Daruan VC
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Seed, Series B, Series A
- Focus: Clean Energy, Energy, Retail

Daruan VC is a Madrid-based investment firm that finances seed stage companies in Spain.

## Telegraph Hill Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Enterprise Software

Telegraph Hill Capital is an early-stage venture capital firm focused on start-up companies primarily in North America.

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