Top 5 Infrastructure VC (Venture Capital) Funds in Spain in May 2025

Last updated: May 2025 A list of 5 VC (Venture Capital) funds that invest in Infrastructure startups based in Spain. We rank investors based on the number of investments they made in Infrastructure companies from Spain. We update this investor list every month.

Top 5 Infrastructure VC (Venture Capital) Funds in Spain in May 2025

Investor	Infrastructure Spain investments
SODENA	1
Bullnet Capital	1
Gestion De Capital Riesgo Del Pais Vasco	1
Vigo Activo	1
Kibo Ventures	1

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Investor list

SODENA is the main instrument of the Government of Navarre for the business development of the region. SODENA carries out its activities as a public limited company, with a majority direct shareholding of 65.42% by the Government of Navarre, and an indirect participation through Nafinco (14.58%). It also participates in the shareholding of GrupoCorporativo Empresarial Caja Navarra (20%), through TME 2001 CorpCan, S.L.

Investment focus

Biotechnology, Health Care, Software
Debt Financing, Funding Round, Seed
Spain, United Kingdom

Portfolio highlights

MOA — MOA make healthy food for a sustainable world that solves growing global food demands. They are establishing a new industry of sustainable food that solves growing global food demands without the need for arable land. They are focused on designing high-value, natural and nutritious food.
Ysium Medical — Ysium Medical offers innovative technological solutions for the future of medicine.
Opportunity Health — Self-Applicable & Life-Saving | Fast, safe, and effective in emergencies | Contact us! | Opportunity Health

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

Investment focus

Software, Information Technology, Enterprise Software
Funding Round, Seed, Series A
Spain, United States, Mexico

Portfolio highlights

MLCode — Accelerated by massive AI/ML adoption, Data is to become the most critical resource for Enterprises. MLCode vision is to protect that Data. MLCode: Data Security Automation.
wooptix — Wooptix is a developer of light field and wavefront phase imaging platform designed to acquire all information about the light using...
Inspiration-Q — Inspiration-Q focuses on developing and commercializing software solutions inspired by quantum computing for financial applications.

GestiÃ³n de Capital Riesgo del PaÃs 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 PromociÃ³n y ReconversiÃ³n Industrial (SPRI), with the aim of promoting and developing venture capital activity in the Basque Country.

Investment focus

Biotechnology, Health Care, Medical
Funding Round, Seed, Series A
Spain

Portfolio highlights

Irisbond — Irisbond creates a new way for humans to communicate through precision eye-tracking technology. Irisbond’s advanced software algorithms interpret your eye gaze in order to provide natural, intuitive and hands-free access to information and control over a screen. Developed for use in mobile devices, automotive, smart homes, robotics, scientific,healthcare and manufacturing, eye tracking technology lets you learn, play, work and communicate with your eyes. A pioneer in the assistive technology market, Irisbond’s eye tracking solutions are based on years of R&D in cooperation with Vicomtech, a leader in the field of artificial vision. For more information about the power of the eyes, go to www.irisbond.com/en
InspectRail — InspectRail was established to offer high-quality information on the state of railway infrastructure, thereby enhancing its operation, management, and maintenance.
Inmedical Therapeutics — Innovation in medical needs

Vigo Activo is a venture capital company that seeks to contribute to the economic development of Galicia, and specifically Vigo and its area of influence. It promotes the renewal of the Galician industrial fabric by betting on effective people, with innovative projects and sectors with emerging technologies. The firm has supported the growth ofmany companies by providing them with venture capital financing and advice. With a total of disbursed funds exceeding 16 million euros and more than 20 years of history.

Investment focus

Automotive, Information Technology, Enterprise Software
Seed, Funding Round, Pre-Seed
Spain, Portugal

Portfolio highlights

Envita — Envita is a social innovation start-up for the development of innovative digital solutions for organizations.
Docuten — Docuten transforms clients into "paperless companies" by digitally transforming administrative processes through digital signature, electronic invoicing and payments. By relying on Docuten as their sole provider, companies can reduce costs by 50% and implementation can be carried out 2.5 times faster than working with several differentproviders.
Celtarys Research — We develop and commercialize new chemical tools to spread the use of fluorescence-based methods in drug discovery. Contact us!

Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $320 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25year-old private equity arm). Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential. Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest. Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors.