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Top 10 Infrastructure VC Funds & Investors in Spain (August 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Criteria Venture Tech
VC Fund
4 Spain, United States, United Kingdom Seed, Series A Software, Biotechnology, E-Commerce $256k–$21M
Iberdrola
VC Fund
3 Spain, United States, Kenya Series A, Series B, Seed Energy, Manufacturing, Solar $500k–$40M
Seed Capital Bizkaia
VC Fund
3 Spain, Mexico, Belgium Seed, Venture - Series Unknown Software, Biotechnology, Manufacturing $119k–$18M
GoHub Ventures
VC Fund
2 Spain, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $284k–$50M
Amper
VC Fund
1 Spain Seed Infrastructure, Telecommunications
Kibo Ventures
VC Fund
1 Spain, United States, United Kingdom Series A, Seed, Series B Software, E-Commerce, Mobile $823k–$51M
Keiretsu Forum Spain
VC Fund
1 Spain Pre-Seed B2B, B2C, Crowdfunding
SODENA
VC Fund
1 Spain, United Kingdom Debt Financing, Seed Health Care, Biotechnology, Manufacturing $37k–$1.2M
Vigo Activo
VC Fund
1 Spain, Portugal Seed, Venture - Series Unknown Software, B2B, Automotive $274k–$1.3M
Starburst Ventures
VC Fund
1 United States, Spain, France Seed, Series A, Series C Aerospace, Space Travel, Artificial Intelligence $2.2M–$45M
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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, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 158
  • Round size: Seed $256k–$3.8M; Series A $1.9M–$21M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2021

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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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: 35
  • Round size: Seed $549k–$9.5M; Series A $500k–$13M; Series B $3.8M–$40M
  • Lead/follow: 43% lead, 57% 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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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 $1.2M–$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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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, Series A, Pre-Seed
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Seed $460k–$6.2M; Pre-Seed $284k–$2.5M; Series A $1.8M–$50M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Bound — Bound helps SME's protect themselves from currency risk, whilst using technology to simplify the process. We aim to help the 78% of SME's who are at risk of losing money everyday
  • 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.
  • Sherpas — Sherpas is a Generative Finance platform for Wealth Management to optimize operations, personalize advice at scale and put client engagement on autopilot. Go beyond automation to augment and scale your expertise
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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.
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Kibo Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Infrastructure startups, 10 in the past 12 months

Kibo Ventures is a European tech investment platform created to support entrepreneurs with bold ideas. We invest in early-stage startups and help them scale globally.

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Series A, Seed, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 131
  • Round size: Seed $823k–$15M; Series A $1.6M–$25M; Series B $6.2M–$51M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $127M in 2020

Portfolio highlights

  • MITO AI — Create professional AI videos on an infinite collaborative canvas. Scene breakdown, visual design, real-time collaboration, and the best AI models. Start free.
  • NeuralTrust — NeuralTrust is the leading security platform for generative AI, offering a unified command center for real-time defense and offense. Its open source AI gateway delivers the fastest performance in the market for managing LLM traffic, while its automated red teaming engine proactively uncovers vulnerabilities, ensuring robust protection for your AIsystems.
  • THEKER Robotics — THEKER Robotics is a startup developing intelligent general-purpose robots for sectors such as waste management and logistics.
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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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SODENA
VC Fund · Pamplona, Navarra, Spain · 1 investments in Spain Infrastructure startups

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.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Debt Financing, Seed
  • Geography: Spain, United Kingdom

Investor stats

  • Total investments: 91
  • Round size: Seed $110k–$1.2M; Debt Financing $37k–$743k
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • FuVeX — FuVeX is dedicated to the design, manufacture, and commercialization of drones. The vision of the members of FuVeX is to improve the way in which the great institutions and companies are related to the aeronautics. Moreover, the company's mission is to provide such institutions and companies with an aircraft that allows them to solve theirmonitoring or transportation needs by flying long distances in a safe, easy and legal way.
  • Muxunav — Muxunav specialize in digital payment systems, they might be working on technologies like mobile payment solutions, online transaction systems, digital wallets, or even blockchain-based payment methods.
  • El Caserío de Tafalla — El Caserío de Tafalla is a food production company that processes and supplies a variety of candies.
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Vigo Activo
VC Fund · Nigrán, Galicia, Spain · 1 investments in Spain Infrastructure startups

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.

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Investment focus

  • Industry: Software, B2B, Automotive
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, Portugal

Investor stats

  • Total investments: 13
  • Round size: Seed $274k–$762k; Venture - Series Unknown $1.2M–$1.3M
  • Lead/follow: 31% lead, 69% follow

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.
  • VigSec-Drone — VigSec-Drone is a high-performance security and surveillance designed to deliver real-time situational awareness.
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Starburst Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Spain Infrastructure startups

Starburst drives global aerospace and defense innovation through startup accelerators, strategy consulting and venture investments.

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Investment focus

  • Industry: Aerospace, Space Travel, Artificial Intelligence
  • Stage:Seed, Series A, Series C
  • Geography: United States, Spain, France

Investor stats

  • Total investments: 11
  • Round size: Seed $2.2M–$12M; Series A $13M–$45M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Picogrid — Picogrid builds a unified platform for autonomous systems. Connect, command, and monitor sensors and autonomous systems at global scale.
  • Alta Ares — Alta Ares develops advanced AI technologies for defense, enabling real-time detection, tracking and interception of airborne threats. Discover our autonomous solutions for a safer future.
  • Loft Orbital — Loft Orbital builds software and hardware products to fly and operate any payload on a standard satellite bus. See how we're making space simple.
Show all investments...

Infrastructure VC funding in Spain at a glance

Stats across 41 deals from 53 investors.

53
investors
in Spain Infrastructure startups
41
deals
in Spain Infrastructure startups
$2.9M
median round
in Spain Infrastructure startups
36%
lead investors
lead at least one round
17%
Post-IPO Debt
most common funding stage

Access all 53 VC funds in Spain Infrastructure startups.

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