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Top 15 Infrastructure VC Funds & Investors in Spain (October 2026)

The most active venture capital funds investing in Spain Infrastructure startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Spain Infrastructure startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Criteria Venture Tech
VC Fund
4 Spain, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Biotechnology, E-Commerce $303k–$21M
Seed Capital Bizkaia
VC Fund
3 Spain, Mexico, Belgium Seed, Venture - Series Unknown Software, Biotechnology, Manufacturing $119k–$18M
Iberdrola
VC Fund
3 Spain, United States, Kenya Series A, Series B, Seed Energy, Manufacturing, Solar $500k–$40M
GoHub Ventures
VC Fund
2 Spain, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $284k–$50M
Bullnet Capital
VC Fund
1 Spain, United States, Mexico Seed, Series A Software, Manufacturing, Information Technology $567k–$11M
Keiretsu Forum Spain
VC Fund
1 Spain Pre-Seed B2B, B2C, Crowdfunding
Inveready
VC Fund
1 Spain, United States, France Seed, Venture - Series Unknown, Debt Financing Software, Biotechnology, Health Care $400k–$6.5M
CASTIVENTURES, S.L.
VC Fund
1 Spain Pre-Seed, Seed Artificial Intelligence, Information Technology, SaaS $102k–$1.1M
Basque Fondo
VC Fund
1 Spain Seed, Pre-Seed Artificial Intelligence, Software, Apps $932k–$2.8M
Buenavista Equity Partners
VC Fund
1 Spain, Portugal, Japan Debt Financing, Private Equity, Seed Biotechnology, Health Care, Restaurants $2M–$75M
Cofides
VC Fund
1 Spain, Ecuador, Uruguay Debt Financing, Private Equity, Venture - Series Unknown Manufacturing, Health Care, Construction $220k–$692M
Amper
VC Fund
1 Spain Seed Infrastructure, Telecommunications
Gestion De Capital Riesgo Del Pais Vasco
VC Fund
1 Spain, Ecuador Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $213k–$16M
Hercainvest Solutions
VC Fund
1 Spain Debt Financing Parking, Infrastructure, Asset Management
Aramco Ventures
VC Fund
1 United States, United Kingdom, China Series A, Series B, Seed Energy, Renewable Energy, Information Technology $3.6M–$139M
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Investor list

Criteria Venture Tech
VC Fund · Barcelona, Catalonia, Spain · 4 investments in Spain Infrastructure startups

Criteria Venture Tech is the tech VC fund of CriteriaCaixa which invests in B2B SaaS and DeepTech companies in early and growth stages (Seed to Series B) managing more than €300M of AUM.

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Investment focus

  • Industry: Software, Biotechnology, E-Commerce
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 172
  • Round size: Seed $303k–$3.8M; Series A $1.9M–$21M; Venture - Series Unknown $561k–$7.3M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $140M in 2026

Portfolio highlights

  • 8Layers — 8Layers is an artificial intelligence platform that offers cloud identity threat detection to organizations
  • Barbara — Barbara is the Cybersecure Industrial Edge Platform that enables companies to connect, deploy and scale gateways and edge applications in a few clicks
  • iPronics — iPronics develops the innovative concepts of general-purpose integrated programmable photonic systems.
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Seed Capital Bizkaia
VC Fund · Bilbao, Pais Vasco, Spain · 3 investments in Spain Infrastructure startups

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.“.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, Mexico, Belgium

Investor stats

  • Total investments: 37
  • Round size: Seed $119k–$2.8M; Venture - Series Unknown $968k–$18M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • NNEAT — NNEAT's CTEM platform maps full attack surface with live threat intelligence. Fix exposures with agentic action. For mid-market companies & MSSPs.
  • Walter Pack — Walter Pack is a manufacturer and seller of parts for the automotive industry.
  • Sherpa.ai — Secure AI. Private Data. Sovereign Intelligence. Sherpa.ai platform enables secure distributed AI deployments across enterprises, governments, and regulat
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Iberdrola
VC Fund · Bilbao, Pais Vasco, Spain · 3 investments in Spain Infrastructure startups

Iberdrola together with its subsidiaries engages in the production, switching, and distribution of electricity and gas worldwide. It generates electricity primarily through nuclear, fossil-fuel, and hydroelectric power. The company also engages in the retail of electricity under the tariff systems. In addition, IBERDROLA generates electricity fromrenewable energy sources, as well as engages in gas storage, and electricity and gas supply activities. Iberdrola is committed to the energy transition and has developed a sustainable business model based on renewable energy, smart grids, large-scale energy storage, and digital transformation to provide customers with advanced products and services.

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Investment focus

  • Industry: Energy, Manufacturing, Solar
  • Stage:Series A, Series B, Seed
  • Geography: Spain, United States, Kenya

Investor stats

  • Total investments: 36
  • Round size: Seed $549k–$9.5M; Series A $500k–$13M; Series B $3.8M–$40M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Nido — Heating & cooling accounts for nearly half of all energy consumption and 40% of energy-related carbon dioxide emissions. In the EU 65M+ boilers are over their useful life and 95% of them use fossil fuels and these need urgent change.At Nido, we are streamlining heat pump installation in the residential sector, enabling users to transition toclean heating & cooling faster with affordable pricing. We also support installers get the best out of their time by removing time consuming tasks and allowing them to focus on their preferred task - home installations!
  • Barbara — Barbara is the Cybersecure Industrial Edge Platform that enables companies to connect, deploy and scale gateways and edge applications in a few clicks
  • TRIBBU — Hoop Carpool is a SaaS Carpooling Platform for Companies, Universities and Citi-halls
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GoHub Ventures
VC Fund · Valencia, Comunidad Valenciana, Spain · 2 investments in Spain Infrastructure startups, 7 in the past 12 months

Early-stage VC investors backing founders in digital health and B2B software with long-term capital and hands-on support.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $460k–$6.2M; Pre-Seed $284k–$2.5M; Series A $1.8M–$50M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $64M in 2023

Portfolio highlights

  • Oska Health — Oska Health delivers digital-enabled care solutions for chronic kidney disease patients, a top clinical need for healthcare payers. By leveraging evidence-based medical best practices and behavioral science, Oska Health aims to empower individuals with kidney disease to mitigate their risk of cardiovascular complications and kidney failure whilesimultaneously lowering costs of care. The company partners with healthcare payers to provide a comprehensive solution that includes a personal coach, a state-of-the-art health app, and intelligent treatment plan algorithms, all designed to help individuals establish new routines and achieve optimal health outcomes.
  • aeon.life — Preventive healthcare platform that equips people with personalized insights and expert guidance for proactive whole-body health
  • Prevision Medicine — Prevision Medicine AG is a oncology company that provides cancer therapy, tests living cancer cells, and deliver clinical insights.
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Bullnet Capital
VC Fund · Pozuelo De Alarcón, Madrid, Spain · 1 investments in Spain Infrastructure startups

Independent Venture Capital Firm specialized in high technology Spanish start-ups. Helping tech entrepreneurs during the early stages of their company to build successful businesses

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Spain, United States, Mexico

Investor stats

  • Total investments: 68
  • Round size: Seed $1M–$3.2M; Series A $567k–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $87M in 2023

Portfolio highlights

  • FlexiiC — Reinventing the world of electronics with a revolutionary organic and flexible technology that enables a new generation of sensors and logic based on solution deposited functional inks at a low temperature, on low-cost substrates to make organic integrated circuits. Products and services FlexiiC presents design modeling services including Application Specific Integrated Circuits (ASIC) and Process ... Read more
  • Bioherent — Photonic biosensors for drug allergy diagnosis
  • Impetux Optics — Impetux is a worldwide key manufacturer and supplier of turnkey optical tweezers systems designed for mechanobiology studies in living cells and 3D tissues.
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Keiretsu Forum Spain
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain Infrastructure startups

Keiretsu Forum is the largest international association of private investors, con 19 sedes en EEUU, Europa y China, y más de 2.000 Miembros que han invertido 200 M$ en más de 250 empresas. Proporciona a sus Miembros Inversores una plataforma en la que relacionarse y encontrar oportunidades de invertir entre 100k€‚ y 1.000k€‚ en empresas de altopotencial de crecimiento, de todos los sectores (tecnología, energías limpias, ciencias de la salud, productos de consumo, etc.) Desde su fundación en España en el 2008, en Barcelona y Madrid sus Miembros han invertido 5.100k€ en el capital de 17 empresas innovadoras presentadas en los Foros.Keiretsu Forum was established in San Francisco, in September 2000, initially to provide Californian private investors with a professional organization for networking and investment opportunities. “Keiretsu” is a Japanese term that defines a group of company members with a common objective.At present, Keiretsu Forum is an international network of territorial associations that has over 800 associated investors, and with 18 local headquarters, in the US (Boise/Sun Valley, Bellevue/Eastside, Denver/Rockies, East Bay, Orange County, Los Angeles, San Diego, San Francisco, Seattle/Northwest, Silicon Valley y Westlake Village/Ventura), in Beijing (China), London (UK), Paris (France) and Barcelona and Madrid (Spain).Keiretsu Forum defines itself as an international association of private investors, of business leaders and entrepreneurs, who organize themselves into a capital forum to finance small and medium growing enterprises.Its members attend regularly presentations, in restricted forum, on business investment opportunities previously identified and chosen by Keiretsu Forum professional staff. Thereafter members are free to invest in the companies of their choice.

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Investment focus

  • Industry: B2B, B2C, Crowdfunding
  • Stage:Pre-Seed
  • Geography: Spain

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jolders — The first business social network powered by blockchain!
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Inveready
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain Infrastructure startups, 11 in the past 12 months

Inveready is a leading Spanish financial services firm focused on investment solutions and wealth management.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Venture - Series Unknown, Debt Financing
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 280
  • Round size: Seed $400k–$4.7M; Debt Financing $1.2M–$6.5M; Venture - Series Unknown $594k–$5.7M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $63M in 2024

Portfolio highlights

  • Mirai — Mirai offers solutions for balance sheet management, financial risk, and regulatory compliance.
  • Inventia Kinetics — Inventia Kinetics specializes in the design, analysis, and manufacture of equipment and assembly tools for electronics sector.
  • Connecta Therapeutics — Connecta Therapeutics is a biotechnology company that develops new treatments for unresolved medical needs of the central nervous system. It focuses on the development of a first-in-class drug for the treatment of fragile X syndrome.
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CASTIVENTURES, S.L.
VC Fund · 1 investments in Spain Infrastructure startups

CastiVentures is a startup investment fund focused on tech companies, in early stages and with valuations of between 2 and 3 million Euros.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Spain

Investor stats

  • Total investments: 13
  • Round size: Seed $102k–$821k; Pre-Seed $186k–$1.1M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Tauniqo — Use talentyou.ai to create personalized courses and deliver interactive experiences that boost your team's performance.
  • hello.app — Decentralized storage
  • Intelectia Telecom — Intelectia Telecom provides secure communications and 5G intelligent private networks.
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Basque Fondo
VC Fund · 1 investments in Spain Infrastructure startups

Basque Fondo is a venture capital investment firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Spain

Investor stats

  • Total investments: 6
  • Round size: Seed $932k–$2.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NNEAT — NNEAT's CTEM platform maps full attack surface with live threat intelligence. Fix exposures with agentic action. For mid-market companies & MSSPs.
  • Trak — Trak is a software tool for healthcare professional to provide AI-based tele-rehabilitation services like physiotherapy and others.
  • Veltium Smart Chargers — Veltium engages in the research, manufacturing, and marketing of electric vehicle recharging infrastructure that is simple to install and made available to the general public. Switching to electric mobility should not necessitate a change in the electricity contract or an increase in the electricity bill. They have mechanisms in place to helpclients get the most out of the contracted power and to ensure that the car recharges efficiently and intelligently. Their allows to control who can use their charger, plan the recharges to save money on the electricity bill, and check your history, among other things. With the rearm device, customers can assure that the charging installation complies with all technical rules and prevent the trouble of having to walk down to reset the counter and charger.
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Buenavista Equity Partners
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Infrastructure startups

GED is an independent Private Equity group operating in the Iberian Peninsula and South-Eastern Europe. The company was incorporated in 1996 and GED’s professional Partners hold a majority stake in the Management Companies of the Group.GED is positioned in the middle market, managing funds in excess of €300M through 4 different Private Equityvehicles and operates in two different private equity sectors; private equity and private equity-real estate.GED Private Equity is looking at buyouts and expansion deals maximizing the portfolio value through a clear buy and build strategy in the core countries: Romania, Bulgaria, Spain and Portugal, backing medium size companies that can become regional market leaders.GED Opportunity targets opportunistic and value added real estate investments in South Eastern Europe.GED has a strong track record in Eastern Europe and the Iberian Peninsula, achieved it during its 19 years activity in the region through offices in Madrid, Seville, Bucharest, Sofia and Oporto.

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Investment focus

  • Industry: Biotechnology, Health Care, Restaurants
  • Stage:Debt Financing, Private Equity, Seed
  • Geography: Spain, Portugal, Japan

Investor stats

  • Total investments: 24
  • Round size: Seed $2M–$4.2M; Debt Financing $17M–$75M; Private Equity $6.4M–$7.7M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely actively investing — fresh fund, raised $106M in 2024

Portfolio highlights

  • Highlight Therapeutics — Highlight Therapeutics is a private, clinical-stage company dedicated to unlocking the full potential of immuno-oncology.
  • Atir Hospitality — Atir Hospitality is a premier investor and operator in Spain's hospitality sector. Our offerings encompass all-included solutions.
  • New Capital Aparcamiento Torrecárdenas — New Capital Aparcamiento Torrecárdenas operates as a special purpose concessionaire focused on public-private infrastructure development and facility management. The company's core business model centers on executing long-term administrative concessions for the construction, structural maintenance, and commercial optimization of large-scaleparking assets. Its value proposition is built around providing modern, high-capacity, and sustainable vehicle parking solutions adjacent to high-traffic public complexes.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Cofides
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Infrastructure startups, 27 in the past 12 months

Cofides provides cost-effective, medium and long-term financial support for viable private investment projects.

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Investment focus

  • Industry: Manufacturing, Health Care, Construction
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: Spain, Ecuador, Uruguay

Investor stats

  • Total investments: 56
  • Round size: Debt Financing $220k–$24M; Private Equity $6.1M–$692M; Venture - Series Unknown $23M–$692M
  • Lead/follow: 91% lead, 9% follow

Portfolio highlights

  • Congalsa — Congalsa specializes in the development of healthy, convenient, and innovative culinary solutions for hospitality professionals.
  • PLD Space — PLD Space is a spanish innovative start-up company is to provide low cost and high reliability access to space. PLD Space offers suborbital and orbital launch services to its clients.
  • Anaconda BioMed — Anaconda Biomed, headquartered in Barcelona, Spain, is among the world's most innovative early stage medical technology companies. The company was founded by Dr. Ofir Arad and Dr. Marc Ribó in 2015, and is developing the ANCD BRAIN™, a novel 3rd Generation Stented Aspiration Thrombectomy System for the treatment of Acute Ischemic Stroke (AIS).
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Amper
VC Fund · Pozuelo De Alarcón, Madrid, Spain · 1 investments in Spain Infrastructure startups

Web Grupo Amper

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Investment focus

  • Industry: Infrastructure, Telecommunications
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Intelectia Telecom — Intelectia Telecom provides secure communications and 5G intelligent private networks.
Show all investments...

Gestion De Capital Riesgo Del Pais Vasco
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Spain Infrastructure startups

Gestión de Capital Riesgo del País Vasco SGECR, S.A. is a venture capital entity management company founded in 1985 by the Basque Government as part of the Sociedad para la Promoción y Reconversión Industrial (SPRI), with the aim of promoting and developing venture capital activity in the Basque Country.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, Ecuador

Investor stats

  • Total investments: 23
  • Round size: Seed $213k–$2.3M; Venture - Series Unknown $2.7M–$16M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • InspectRail — InspectRail was established to offer high-quality information on the state of railway infrastructure, thereby enhancing its operation, management, and maintenance.
  • Orbik Cybersecurity — Orbik Cybersecurity provides testing and compliance services for industrial equipment and embedded electronics.
  • Inmedical Therapeutics — Innovative medical devices designed to meet real clinical needs, combining science, know-how and therapeutic research.
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Hercainvest Solutions
VC Fund · 1 investments in Spain Infrastructure startups

Hercainvest Solutions is a privately held corporate holding company and asset management vehicle.

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Investment focus

  • Industry: Parking, Infrastructure, Asset Management
  • Stage:Debt Financing
  • Geography: Spain

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • New Capital Aparcamiento Torrecárdenas — New Capital Aparcamiento Torrecárdenas operates as a special purpose concessionaire focused on public-private infrastructure development and facility management. The company's core business model centers on executing long-term administrative concessions for the construction, structural maintenance, and commercial optimization of large-scaleparking assets. Its value proposition is built around providing modern, high-capacity, and sustainable vehicle parking solutions adjacent to high-traffic public complexes.
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Aramco Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 1 investments in Spain Infrastructure startups, 12 in the past 12 months

Aramco Ventures is a venture capital investment firm that invests in start-ups and technologies that have strategic relevance to Aramco's business, with the ability to scale and disrupt.

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Investment focus

  • Industry: Energy, Renewable Energy, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 48
  • Round size: Seed $3.6M–$53M; Series A $9.5M–$49M; Series B $6.4M–$139M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $4B in 2024

Portfolio highlights

  • Deep Intelligent Control — Deepin Intelligent Control is a smart energy innovation company.
  • MittiLabs — Mitti Labs leverages satellite & AI technology to enable a positive impact for nature & small-holder farming communities
  • Hang Ten Systems — Hang Ten Systems is an enterprise AI services company that helps large organizations turn AI investments into measurable business outcomes.
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Infrastructure VC funding in Spain at a glance

Stats across 60 deals from 65 investors.

65
investors
in Spain Infrastructure startups
60
deals
in Spain Infrastructure startups
$1.7M
median round
in Spain Infrastructure startups
35%
lead investors
lead at least one round
18%
Grant
most common funding stage

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