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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, Health Care $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
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
Gestion De Capital Riesgo Del Pais Vasco
VC Fund
1 Spain, Ecuador Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $213k–$16M
Aramco Ventures
VC Fund
1 United States, United Kingdom, China Series A, Series B, Seed Energy, Renewable Energy, Information Technology $3.6M–$139M
Kibo Ventures
VC Fund
1 Spain, United States, United Kingdom Series A, Seed, Series B Software, E-Commerce, Mobile $823k–$51M
SODENA
VC Fund
1 Spain, United Kingdom Debt Financing, Seed, Venture - Series Unknown Health Care, Biotechnology, Manufacturing $37k–$3.5M
Vigo Activo
VC Fund
1 Spain, Portugal Seed, Venture - Series Unknown, Pre-Seed Software, B2B, Automotive $289k–$1.3M
Hercainvest Solutions
VC Fund
1 Spain Debt Financing Parking, Infrastructure, Asset Management
Starburst Ventures
VC Fund
1 United States, Spain, France Seed, Series A, Series C Aerospace, Space Travel, Drones $2.2M–$45M
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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 investing in software and deeptech companies across Europe with focus on Spain and Portugal in AI, Cybersecurity, Data, Software Infrastructure and Deeptech

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Investment focus

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

Investor stats

  • Total investments: 173
  • Round size: Seed $303k–$3.8M; Series A $1.9M–$21M; Venture - Series Unknown $570k–$6.6M
  • 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, 6 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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Inveready
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain Infrastructure startups, 13 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: 284
  • 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 RiskTech — AI-driven balance sheet management for banks: ALM and liquidity, FTP, and regulatory reporting on one data model.
  • Blinker — Blinker specializes in the wholesale of hardware.
  • 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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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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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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Kibo Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Infrastructure startups, 11 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: 136
  • Round size: Seed $823k–$15M; Series A $1.8M–$25M; Series B $6.2M–$51M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fresh fund, raised $141M in 2025

Portfolio highlights

  • Sorare — Global Fantasy Football. Collect limited edition digital collectibles, Manage your team and earn prizes!
  • Harbor — Harbor is a specialized platform designed to provide insurance and risk management for the AI agentic economy. As AI agents increasingly take over autonomous decision-making tasks within enterprise environments, they introduce unique operational, security, and regulatory risks that traditional safety controls are not built to handle.
  • NeuralTrust — Protect your AI Agents and Applications from attacks, hallucinations and data leakages with our AI native entreprise-grade cybersecurity solutions
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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 Grupo Corporativo 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, Venture - Series Unknown
  • Geography: Spain, United Kingdom

Investor stats

  • Total investments: 94
  • Round size: Seed $110k–$1.2M; Debt Financing $37k–$762k; Venture - Series Unknown $109k–$3.5M
  • Lead/follow: 33% lead, 67% 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.
  • HOMVERS — Homvers designs and manufactures automated smart furniture systems that physically move to optimize living space in small apartments. Their motorized products, such as beds and desks, retract into walls or ceilings to allow rooms to serve multiple functional purposes throughout the day.
  • 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, Pre-Seed
  • Geography: Spain, Portugal

Investor stats

  • Total investments: 13
  • Round size: Seed $289k–$762k; Venture - Series Unknown $883k–$1.3M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Envita — GACOR678 dikenal sebagai platform apk slot gacor online menghadirkan berbagai pilihan permainan slot dengan tema dan fitur slot gacor maxwin. Istilah slot gacor, slot gacor maxwin, dan slot gacor hari ini.
  • 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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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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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, Drones
  • 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.
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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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