# VC firms based in Spain (2026 list)

> 520 VC firms based in Spain, 9% active in the last 12 months. Led by K Fund, Inveready, Sherpa Capital. Ranked by what they funded.

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

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

# VC firms based in Spain

Updated 7 November 2026

VC firms headquartered in Spain.

[See all 520 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-spain)The top 25

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

**236** cheques in 12 months *-14%* against the market

**$2.4M** median round they joined *-70%* against the market median

**9%** wrote a cheque in 12 months

**4%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (22)

- 1 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen
- 2 [Inveready](https://millionrounds.com/fund/inveready) *Deploying now* VC firm · Spain **160** **$3.5M** median round **Oct 2026** last seen
- 3 [Sherpa Capital](https://millionrounds.com/fund/sherpa-capital) *Deploying now* VC firm · Spain **97** **$28M** median round **Aug 2026** last seen
- 4 [Caixa Capital Risc](https://millionrounds.com/fund/caixa-capital-risc) dormant VC firm · Spain **70** **$2.2M** median round **Jun 2022** last seen
- 5 [JME Ventures](https://millionrounds.com/fund/jme-ventures) *Deploying now* VC firm · Spain **70** **$3.2M** median round **Sept 2026** last seen
- 6 [Acurio Ventures](https://millionrounds.com/fund/acurio-ventures) *Deploying now* VC firm · Spain **64** **$6.8M** median round **Oct 2026** last seen
- 7 [Draper B1](https://millionrounds.com/fund/draperb1) *Deploying now* VC firm · Spain **62** **$1.2M** median round **Sept 2026** last seen
- 8 [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) *Deploying now* VC firm · Spain **60** **$12M** median round **Oct 2026** last seen
- 9 [Big Sur Ventures](https://millionrounds.com/fund/big-sur-ventures) *Deploying now* VC firm · Spain **54** **$2.7M** median round **Jul 2026** last seen
- 10 [Nina Capital](https://millionrounds.com/fund/nina-capital) *Deploying now* VC firm · Spain **53** **$2.4M** median round **Sept 2026** last seen
- 11 [4Founders Capital](https://millionrounds.com/fund/4founders-capital) *Deploying now* VC firm · Spain **50** **$1.6M** median round **Oct 2026** last seen
- 12 [Jose Marin](https://millionrounds.com/fund/jose-marin) quiet VC firm · Spain **49** **$3M** median round **Nov 2015** last seen
- 13 [Bonsai Partners](https://millionrounds.com/fund/bonsai-partners) *Deploying now* VC firm · Spain **46** **$6.6M** median round **Mar 2026** last seen
- 14 [Criteria Venture Tech](https://millionrounds.com/fund/criteria-venture-tech) *Deploying now* VC firm · Spain **45** **$3.4M** median round **Oct 2026** last seen
- 15 [Angels Capital](https://millionrounds.com/fund/angels-capital) *Deploying now* VC firm · Spain **44** **$1.1M** median round **Oct 2026** last seen
- 16 [Kibo Ventures](https://millionrounds.com/fund/kibo-ventures) *Deploying now* VC firm · Spain **44** **$13M** median round **Jun 2026** last seen
- 17 [Clave Capital](https://millionrounds.com/fund/clave-capital) *Deploying now* VC firm · Spain **40** **$1.3M** median round **Oct 2026** last seen
- 18 [Capital Cell](https://millionrounds.com/fund/capital-cell) *Deploying now* VC firm · Spain **36** **$1.1M** median round **Sept 2026** last seen
- 19 [GoHub Ventures](https://millionrounds.com/fund/gohub-ventures) *Deploying now* VC firm · Spain **36** **$3.1M** median round **Oct 2026** last seen
- 20 [Demium Capital](https://millionrounds.com/fund/demium) *Deploying now* VC firm · Spain **35** **$602K** median round **Sept 2026** last seen
- 21 [Ysios Capital](https://millionrounds.com/fund/ysios-capital) *Deploying now* VC firm · Spain **35** **$33M** median round **Sept 2026** last seen
- 22 [EASO Ventures](https://millionrounds.com/fund/easo-ventures) *Deploying now* VC firm · Spain **33** **$1.3M** median round **Oct 2026** last seen
- 23 [Banco Sabadell](https://millionrounds.com/fund/banco-sabadell) *Deploying now* VC firm · Spain **32** **$3.5M** median round **Sept 2026** last seen
- 24 [Samaipata](https://millionrounds.com/fund/samaipata) *Deploying now* VC firm · Spain **32** **$8.8M** median round **May 2026** last seen
- 25 [Active Venture Partner](https://millionrounds.com/fund/active-venture-partners) quiet VC firm · Spain **30** **$3.1M** median round **Sept 2015** last seen

**495 more on this list**

All 520 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%2Fvc-firms-based-in-spain)

## The Newest Cheques

Rounds this list's investors joined most recently

- **3** Nov **[CyberKord](https://millionrounds.com/company/cyberkord)** Pre-seed · $3M *With* [Addendum Capital](https://millionrounds.com/fund/addendum-capital)
- **2** Nov **[Hypersonica](https://millionrounds.com/company/hypersonica)** Series B · $112M *With* [201 Ventures](https://millionrounds.com/fund/201-ventures)
- **28** Oct **[Artiso](https://millionrounds.com/company/artiso)** Pre-seed · $3.4M *Led by* [Criteria Venture Tech](https://millionrounds.com/fund/criteria-venture-tech)
- **27** Oct **[FinMaq](https://millionrounds.com/company/finmaq)** Series A · $6.5M *With* [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures)
- **23** Oct **[Remolonas](https://millionrounds.com/company/remolonas)** Other *With* [Clave Capital](https://millionrounds.com/fund/clave-capital)
- **21** Oct **[HAWK Biosystems](https://millionrounds.com/company/hawk-biosystems)** $3.9M *Led by* [Inveready](https://millionrounds.com/fund/inveready)

## Stages This Year

198 rounds

- Seed **27%**
- Venture **21%**
- Pre-seed **16%**
- Series A **10%**
- Series B **6%**
- Other **20%**

## What They Backed

Sectors, last 12 months

- AI **67**
- Biotech **22**
- Healthcare **19**
- Software **13**
- Fintech **11**
- Financial Services **9**

## Cheques by Quarter

Led Joined

81 Q1 25

69 Q2 25

83 Q3 25

54 Q4 25

64 Q1 26

79 Q2 26

55 Q3 26

20 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states)
- [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states)
- [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom)
- [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china)
- [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india)
- [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada)
- [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany)
- [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom)
- [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states)

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

## Quick answers about VC firms based in Spain

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

By cheques observed, the most active are K Fund, Inveready, Sherpa Capital, Caixa Capital Risc and JME Ventures.

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

520 are on record. 9% made an investment in the last 12 months and 4% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (36%) and Pre-seed (22%).

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

The typical (median) round among the leading investors here is $3.1M.

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

In the last 12 months, mostly AI, Biotech and Healthcare.

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

K Fund (3 led), Caixa Capital Risc (2 led) and Bonsai Partners (2 led).

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

Recent rounds include CyberKord (Pre-seed, Nov 2026, with Addendum Capital), Hypersonica (Series B, Nov 2026, with 201 Ventures) and Artiso (Pre-seed, Oct 2026, with Criteria Venture Tech).

### How is this list of VC 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)