# Cybersecurity investors in Spain (2026 list) > 20 cybersecurity investors in Spain, 100% active in the last 12 months. Led by Plug and Play, Wayra, MassChallenge. Ranked by what they funded. Source: https://millionrounds.com/lists/cybersecurity-investors-in-spain (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Cybersecurity investors in Spain Updated 7 November 2026 Firms observed backing a cybersecurity company in Spain in the last two years, wherever the firm is based. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcybersecurity-investors-in-spain)The top 20 **20** investors on the list *-1* this week **663** cheques in 12 months *-32%* against the market **$3M** median round they joined *-62%* against the market median **100%** wrote a cheque in 12 months **45%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 1 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 2 [Wayra](https://millionrounds.com/fund/wayra) *Deploying now* Corporate VC · Germany **1,160** **$2M** median round **Sept 2026** last seen - 3 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen - 4 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 5 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen - 6 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen - 7 [Notion Capital](https://millionrounds.com/fund/notion-capital) *Deploying now* VC firm · United Kingdom **202** **$9.2M** median round **Oct 2026** last seen - 8 [ENISA](https://millionrounds.com/fund/enisa) *Deploying now* VC firm · Greece **171** **$525K** median round **Oct 2026** last seen - 9 [Inveready](https://millionrounds.com/fund/inveready) *Deploying now* VC firm · Spain **160** **$3.5M** median round **Oct 2026** last seen - 10 [Santander](https://millionrounds.com/fund/santander) *Deploying now* VC firm · United Kingdom **125** **$66M** median round **Oct 2026** last seen - 11 [TheVentureCity](https://millionrounds.com/fund/theventurecity) *Deploying now* VC firm · United States **85** **$2.3M** median round **Sept 2026** last seen - 12 [JME Ventures](https://millionrounds.com/fund/jme-ventures) *Deploying now* VC firm · Spain **70** **$3.2M** median round **Sept 2026** last seen - 13 [VentureFriends](https://millionrounds.com/fund/venturefriends) *Deploying now* VC firm · Greece **55** **$4.1M** median round **Oct 2026** last seen - 14 [Adara Ventures](https://millionrounds.com/fund/adara-ventures) *Deploying now* VC firm · Luxembourg **46** **$6.5M** median round **Oct 2026** last seen - 15 [Encomenda VC](https://millionrounds.com/fund/encomenda-vc) *Deploying now* VC firm **42** **$861K** median round **Jul 2026** last seen - 16 [GoHub Ventures](https://millionrounds.com/fund/gohub-ventures) *Deploying now* VC firm · Spain **36** **$3.1M** median round **Oct 2026** last seen - 17 [Sabadell Venture Capital](https://millionrounds.com/fund/sabadell-venture-capital) *Deploying now* Corporate VC · Spain **35** **$2.7M** median round **Jun 2026** last seen - 18 [EASO Ventures](https://millionrounds.com/fund/easo-ventures) *Deploying now* VC firm · Spain **33** **$1.3M** median round **Oct 2026** last seen - 19 [Banco Sabadell](https://millionrounds.com/fund/banco-sabadell) *Deploying now* VC firm · Spain **32** **$3.5M** median round **Sept 2026** last seen - 20 [Athos Capital](https://millionrounds.com/fund/athos-capital) *Deploying now* VC firm · Spain **27** **$2.1M** median round **Jul 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **28** Oct **[Easol](https://millionrounds.com/company/easol)** Series A · $30M *With* [Notion Capital](https://millionrounds.com/fund/notion-capital) - **28** Oct **[Viatik](https://millionrounds.com/company/viatik)** Seed · $600K *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **27** Oct **[General Compute](https://millionrounds.com/company/general-compute)** Series A · $100M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **23** Oct **[RhymeQ](https://millionrounds.com/company/rhymeq)** Pre-seed · $2.2M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) ## Stages This Year 622 rounds - Seed **23%** - Venture **23%** - Series A **14%** - Grant **9%** - Pre-seed **8%** - Other **22%** ## What They Backed Sectors, last 12 months - AI **185** - Biotech **72** - Healthcare **58** - Fintech **35** - Energy **27** - Big Data & Analytics **20** ## Cheques by Quarter Led Joined 270 Q1 25 263 Q2 25 268 Q3 25 241 Q4 25 225 Q1 26 203 Q2 26 134 Q3 26 21 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states) - [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states) - [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom) - [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states) - [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states) - [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states) - [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states) - [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states) - [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in security - Hackers: Heroes of the Computer Revolution Steven Levy · 1984 4.16 from 8,649 ratings on Goodreads Security About the book A mere fifteen years ago, computer nerds were seen as marginal weirdos, outsiders whose world would never resonate with the mainstream. That was before one pioneering work documented the underground computer revolution that was about to change our world forever. With… On AmazonListen on Audible - The DevOps Handbook: How to Create World-Class Agility, Reliability, and Security in Technology Organizations Gene Kim · 2015 4.29 from 5,988 ratings on Goodreads Security Company building About the book Increase profitability, elevate work culture, and exceed productivity goals through DevOps practices.More than ever, the effective management of technology is critical for business competitiveness. For decades, technology leaders have struggled to balance agility, reliability,… On AmazonListen on Audible - Smartcuts: How Hackers, Innovators, and Icons Accelerate Success Shane Snow · 2014 3.88 from 6,577 ratings on Goodreads Security Company building Innovation About the book Entrepreneur and journalist Shane Snow (Wired, Fast Company, The New Yorker, and cofounder of Contently) analyzes the lives of people and companies that do incredible things in implausibly short time. How do some startups go from zero to billions in mere months? How did… On AmazonListen on Audible - The Innovators: How a Group of Hackers, Geniuses and Geeks Created the Digital Revolution Walter Isaacson · 2014 4.12 from 40,532 ratings on Goodreads Security Innovation Company building About the book Following his blockbuster biography of Steve Jobs, The Innovators is Walter Isaacson’s revealing story of the people who created the computer and the Internet. It is destined to be the standard history of the digital revolution and an indispensable guide to how innovation really… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=security). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about cybersecurity investors in Spain ### Who are the most active cybersecurity investors in Spain? By cheques observed, the most active are Plug and Play, Wayra, MassChallenge, EIC Accelerator and K Fund. ### How many cybersecurity investors in Spain are there? 20 are on record. 100% made an investment in the last 12 months and 45% have led a round. ### Which stages do cybersecurity investors in Spain back? Of the rounds with a named stage in the last 12 months, mostly Seed (33%) and Series A (20%). ### How big are the rounds cybersecurity investors in Spain join? The typical (median) round among the leading investors here is $3.1M. ### Which sectors do cybersecurity investors in Spain back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which cybersecurity investors in Spain lead the most rounds? Notion Capital (10 led), EIC Accelerator (9 led) and K Fund (3 led). ### Where are cybersecurity investors in Spain based? Among the most active, most are based in Spain (8), the United States (3) and the United Kingdom (2). ### What have cybersecurity investors in Spain invested in recently? Recent rounds include Lazarus AI (Nov 2026, with Plug and Play), Carryt (Nov 2026, with Plug and Play) and Easol (Series A, Oct 2026, with Notion Capital). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)