# PE firms based in Spain (2026 list)

> 166 PE firms based in Spain, 4% active in the last 12 months. Led by Grupo Financiero Riva Y Garcia, Iberdrola, Buenavista Equity Partners (formerly GED...

Source: https://millionrounds.com/lists/pe-firms-based-in-spain (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# PE firms based in Spain

Updated 7 November 2026

PE firms headquartered in Spain.

[See all 166 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-spain)The top 25

**166** investors on the list No change this week

**7** cheques in 12 months Too few cheques to tell

**$10M** median round they joined *+25%* against the market median

**4%** wrote a cheque in 12 months

**2%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (6)

- 1 [Grupo Financiero Riva Y Garcia](https://millionrounds.com/fund/grupo-financiero-riva-y-garcia) quiet Private equity · Spain **5** **$2M** median round **May 2010** last seen
- 2 [Iberdrola](https://millionrounds.com/fund/iberdrola) quiet Growth equity · Spain **5** **$10M** median round **Jul 2016** last seen
- 3 [Buenavista Equity Partners (formerly GED Capital)](https://millionrounds.com/fund/buenavista-equity-partners) *Deploying now* Private equity · Spain **3** **$50M** median round **Apr 2026** last seen
- 4 [Suma Capital](https://millionrounds.com/fund/suma-capital) *Deploying now* Private equity · Spain **3** **$10M** median round **Oct 2026** last seen
- 5 [Talde Private Equity](https://millionrounds.com/fund/talde-gestion-s-g-e-i-c-s-a) quiet Private equity · Spain **3** **$2.9M** median round **Sept 2008** last seen
- 6 [Lanta Digital Ventures](https://millionrounds.com/fund/lanta-digital-ventures) quiet Private equity · Spain **2** **$2.5M** median round **Jul 2014** last seen
- 7 [Nazca Capital](https://millionrounds.com/fund/nazca-capital) *Deploying now* Private equity · Spain **2** **$130M** median round **Apr 2026** last seen
- 8 [Alta Life Sciences](https://millionrounds.com/fund/alta-life-sciences) *Deploying now* Growth equity · Spain **1** **$87M** median round **Jun 2026** last seen
- 9 [Cleon Capital Advisors](https://millionrounds.com/fund/cleon-capital-advisors) quiet Private equity · Spain **1** **$4.5M** median round **Mar 2019** last seen
- 10 [Extremadura Avante](https://millionrounds.com/fund/extremadura-avante) quiet Private equity · Spain **1** **$326K** median round **Apr 2013** last seen
- 11 [Fides Capital](https://millionrounds.com/fund/fides-capital) quiet Private equity · Spain **1** **$4.1M** median round **May 2014** last seen
- 12 [GAT](https://millionrounds.com/fund/gat) quiet Growth equity · Spain **1** **$160M** median round **Jan 2018** last seen
- 13 [Genetrix](https://millionrounds.com/fund/genetrix) quiet Growth equity · Spain **1** **$38M** median round **Jan 2010** last seen
- 14 [Going Investment S.A.](https://millionrounds.com/fund/going-investment-s-a) quiet Private equity · Spain **1** **$3M** median round **Feb 2008** last seen
- 15 [Grupo Zriser](https://millionrounds.com/fund/grupo-zriser) quiet Private equity · Spain **1** **$223K** median round **Dec 2014** last seen
- 16 [Investing PROFit Wisely](https://millionrounds.com/fund/investing-profit-wisely) quiet Growth equity · Spain **1** **$11M** median round **Jan 2017** last seen
- 17 [Kereon Partners - Venture Capital](https://millionrounds.com/fund/kereon-partners-venture-capital) quiet Private equity · Spain **1** **$1.6M** median round **Nov 2015** last seen
- 18 [LDA Capital](https://millionrounds.com/fund/lda-capital) quiet Private equity · Spain **1** **$32M** median round **Oct 2025** last seen
- 19 [LEUKON CAPITAL](https://millionrounds.com/fund/leukon-capital) quiet Growth equity · Spain **1** **$15M** median round **Apr 2010** last seen
- 20 [MCH Private Equity](https://millionrounds.com/fund/mch-private-equity) *Deploying now* Private equity · Spain **1** **$130M** median round **Apr 2026** last seen
- 21 [NGC Partners](https://millionrounds.com/fund/ngc-partners) quiet Growth equity · Spain **1** **$1.9M** median round **Jul 2019** last seen
- 22 [eCrowd](https://millionrounds.com/fund/ecrowd) *Deploying now* Growth equity · Spain **1** **$20M** median round **Oct 2026** last seen
- 23 [5G Ventures](https://millionrounds.com/fund/5g-ventures) unknown Private equity · Spain **none observed** **-** median round **-** last seen
- 24 [7r Ventures](https://millionrounds.com/fund/7r-ventures) unknown Private equity · Spain **none observed** **-** median round **-** last seen
- 25 [ABE Capital Partners](https://millionrounds.com/fund/abe-capital-partners) unknown Private equity · Spain **none observed** **-** median round **-** last seen

**141 more on this list**

All 166 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-spain)

## The Newest Cheques

Rounds this list's investors joined most recently

- **13** Oct **[CarbonFarm](https://millionrounds.com/company/carbonfarm)** Series A · $7.8M *With* [Suma Capital](https://millionrounds.com/fund/suma-capital)
- **8** Oct **[Helical Fusion](https://millionrounds.com/company/helical-fusion)** Series B · $20M *With* [eCrowd](https://millionrounds.com/fund/ecrowd)
- **1** Sept **[Hydrosat](https://millionrounds.com/company/hydrosat)** Series B · $10M *With* [Suma Capital](https://millionrounds.com/fund/suma-capital)
- **4** Jun **[Ona Therapeutics](https://millionrounds.com/company/ona-therapeutics)** Series B · $87M *With* [Alta Life Sciences](https://millionrounds.com/fund/alta-life-sciences)
- **6** Apr **[Xoople](https://millionrounds.com/company/xoople)** Series B · $130M *Led by* [Nazca Capital](https://millionrounds.com/fund/nazca-capital)
- **6** Oct **[Bee Maps](https://millionrounds.com/company/bee-maps)** Series A · $32M *Led by* [LDA Capital](https://millionrounds.com/fund/lda-capital)

## Stages This Year

5 rounds

- Series B **80%**
- Series A **20%**

## What They Backed

Sectors, last 12 months

- Aerospace & Space **2**
- Agtech **1**
- Big Data & Analytics **1**
- Biotech **1**
- Cleantech **1**
- Climate Tech **1**

## Cheques by Quarter

Led Joined

1 Q1 25

Q2 25

Q3 25

1 Q4 25

Q1 26

4 Q2 26

1 Q3 26

2 Q4 26

The last bar is the quarter still running.

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[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about PE firms based in Spain

### Who are the most active PE firms based in Spain?

By cheques observed, the most active are Grupo Financiero Riva Y Garcia, Iberdrola, Buenavista Equity Partners (formerly GED Capital), Suma Capital and Talde Private Equity.

### How many PE firms based in Spain are there?

166 are on record. 4% made an investment in the last 12 months and 2% have led a round.

### Which stages do PE firms based in Spain back?

Of the rounds with a named stage in the last 12 months, mostly Series B (80%) and Series A (20%).

### How big are the rounds PE firms based in Spain join?

The typical (median) round among the leading investors here is $10M.

### Which sectors do PE firms based in Spain back most?

In the last 12 months, mostly Aerospace & Space, Agtech and Big Data & Analytics.

### Which PE firms based in Spain lead the most rounds?

Buenavista Equity Partners (formerly GED Capital) (2 led), Suma Capital (1 led) and Nazca Capital (1 led).

### What have PE firms based in Spain invested in recently?

Recent rounds include CarbonFarm (Series A, Oct 2026, with Suma Capital), Helical Fusion (Series B, Oct 2026, with eCrowd) and Hydrosat (Series B, Sept 2026, with Suma Capital).

### How is this list of PE firms based in Spain ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)