Investors Directory

Zero Carbon is a leading deep tech climate fund backing visionary founders across Europe with pre-seed and seed investments.​ We target transformative scientific innovations that redefine industries by reducing costs and emissions.

Unicorn Founders Backing Future Unicorn Founders

The Unirisco is a Galician-based venture capital company, founded in 2001, that focuses on supporting early-stage technology startups and spin-offs emerging from universities and research centres in the region and beyond. It is jointly owned by the universities of A Coruña, Santiago de Compostela and Vigo, along with large regional companies such as Inditex, Abanca, Hijos de Rivera, Grupo Gadisa, Banco Santander and others. Unirisco invests in sectors like biotechnology, health technologies, agro-food, ICT, Industry 4.0, circular economy, new materials and sustainability, providing capital and strategic support to transform academic knowledge into commercially viable ventures. As of its 25-year anniversary, Unirisco reports having made more than 30 investments, created over 400 high-qualified jobs, and helped bring research inventions closer to market.

Suma Capital is an independent Spanish alternative asset manager founded in 2007, headquartered in Barcelona. It specialises in sustainable infrastructure, growth-capital and venture capital strategies with a clear mission to foster the energy transition, circular economy and long-term positive societal impact. With over €800 million under management, and offices also in Madrid and Paris, the firm works across Europe investing in profitable SMEs, infrastructure assets and early-stage ventures aligned with ESG and climate objectives. The team emphasises partnerships with entrepreneurs and industrial players, combining capital and operational support to scale businesses in sectors such as renewable energy, biomethane, waste-valorisation and sustainable mobility.

Clave Capital is a Pamplona-based Spanish venture capital firm founded in the early 2000s, specialising in tech-transfer and growth investments. It manages multiple funds targeting innovative health-tech, agri-food, industrial SMEs and renewable-energy projects, with initial investments typically between €0.5 m and €1 m and follow-on rounds up to ~€3 m. Clave actively partners with research institutions and industry to scale technologies from early stages to commercialisation.

BStartup is the startup-and-scaleup division of Banco Sabadell, created to provide specialised banking services and equity investment support to early-stage innovative companies in Spain. It serves thousands of startups via banking, mentorship and access to venture finance, and through its direct investment vehicle it backs seed-stage ventures (including dedicated verticals for health and green/industrial tech). The initiative has grown into one of Spain’s active early-stage investors, offering investment tickets up to around €200 000 and continuing follow-on backing through affiliated funds. Through Bstartup Health, we invest in health projects at the pre-seed and seed stages, where the investment is primarily aimed at validating the technology/research and business model, to help drive the leap into the next phases on the path to reaching the market and society.

Grow Venture Partners is a Barcelona-based venture capital firm specialising in early-stage “deep tech” startups, particularly spin-offs from universities and research centres. It invests in sectors such as AI, robotics, photonics, med tech, materials, circular economy and industrial technologies, typically writing initial checks of about €100,000 to €2 million. The firm supports entrepreneurs with hands-on mentoring and values-driven growth, aiming to build companies that create sustainable jobs and meaningful impact.

Bullnet Capital is an independent Spanish venture capital firm founded in 2001 and headquartered in Madrid, specialising in early-stage deep tech startups. The firm focuses on companies founded in Spain that develop proprietary hardware and software technologies—such as semiconductors, photonics, artificial intelligence, microelectronics, and medical devices—and supports these ventures with capital and strategic guidance from seed through growth stages.

At Swanlaab Venture Factory, our mission is to help build successful companies by investing in innovative, technology-driven projects. We partner with visionary entrepreneurs who develop cutting-edge technologies but face the challenges of company building—scaling to market, international expansion, and establishing a sustainable, scalable, and long-lasting business with solid corporate foundations. Our investment thesis began by backing early-stage B2B deep tech companies in Spain, providing initial capital and continuing our support through subsequent rounds until a successful exit. As we observed Spain’s ecosystem, we identified a significant opportunity in agrifood technology innovation and applied the same approach—helping to build companies with capital, know-how, and structured methodologies. Expanding our scope further, we entered the world of search funds, where we don’t invest in startups but rather in exceptional individuals with the right qualifications and leadership skills to acquire and scale mid-sized businesses. These companies often face challenges in growth, digital transformation, and technological adoption, and we help them evolve and reach the next level.

We are Invivo Partners, a venture capital firm specializing in early-stage companies in biotechnology and at the intersection of AI and deeptech. Managed by Luis Pareras, Albert Ferrer, and Laura Rodríguez, with investments in 17 portfolio companies and 4 successful exits. Our portfolio companies have raised over 450M€ from global VCs. Our team combines scientific, technical, and financial expertise to make impactful investments and foster growth in the health sector. With our deep understanding of Technology Transfer and market trends, we aim to become a leading player in Europe's biotech industry. Our investors base includes major institutional investors like the European Investment Fund, Instituto de Crédito Oficial (ICO), Institut Català de Finances (ICF - Catalan Finance Institute), Institut Valencià de Finances (IVF), Barcelona City Council, and a majority of private investors.

Nina Capital is a specialized venture capital firm investing in healthcare transformation powered by information technology led by need-driven founders.

NARA is an multi-strategy investment firm with the purpose of making a positive difference in the society and environment. The company is a regulated AIFM under the authorization and supervision of the Spanish Securities and Exchange Commission (CNMV). We currently manage 3 strategies: NARA VENTURES is a fund of top tier VC funds that invests globally. We co-manage the fund with PlugAndPlay, a pioneer investor in Silicon Valley with more than 35 unicorns. NARA HEALTH backs purpose driven entrepreneurs who are reimagining healthcare. Just like IT has changed the world BIO is on the precipice of changing every aspects of our lives. NARA HEALTH has been the winner of the 14th Fond-ICO call in the Tech Transfer category. NARA SUSTAINABILITY accelerates the transformation of the energy sector towards a Net-Zero world. The fund invests in the origination and development of new projects in photovoltaic solar, wind, hydrogen and storage.

BackFund Ventures is a Madrid-based Venture Capital (VC) firm that specializes in investing at the earliest stages (Pre-Seed and Seed) of high-potential technology startups, particularly those focused on Deep Tech and B2B solutions. The firm differentiates itself by being a highly hands-on partner that not only provides capital (with initial investments typically ranging from €50k-€150k) but also offers co-founding and deep technical/operational support to help founders accelerate their product development and global scaling. Their investment thesis centers on backing ambitious teams building globally-focused companies that use applied research to create defensible advantages in areas like Energy Transition, Spacetech, Agrotech, and AI & Quantum infrastructure. BackFund's model involves a community of "Backers" (experienced entrepreneurs and operators) who actively mentor and connect their portfolio companies with corporate clients and strategic partners.

Zubi Capital is an independent asset manager at the forefront of impact investing, proving that strong financial returns and positive impact can go hand in hand. We design high-performance investment strategies across asset classes, targeting market-rate returns while addressing global social and environmental challenges. Our approach blends rigorous financial analysis with deep triple impact expertise, unlocking long-term value. → Impact is our guiding light, financial performance is our edge → Investors no longer have to choose between profitability and purpose

Suda Partners is a Madrid-based Venture Capital (VC) firm that operates with a focus on providing "Smart Capital" and strategic support to startups, particularly in the Seed and early growth stages. Beyond just financial investment, Suda Partners emphasizes its role as an "Operating Partner" to both its portfolio companies and other VCs or Family Offices, offering services like building investment teams, providing strategic and operational services for scaling companies, and assisting in managing portfolio assets. The firm aims to support visionary entrepreneurs with strong implementation capabilities, leveraging four investment vehicles to invest in its portfolio of startups, often focused on B2B solutions and new technologies.