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Top 50 InsurTech Startup Investors in Spain (August 2026)

The most active venture capital funds and angel investors investing in Spain InsurTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Spain InsurTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Toubkal Partners
VC Fund
5 Spain, United Kingdom, The Netherlands Seed, Pre-Seed, Angel FinTech, Internet, Automotive $120k–$3.1M
Demium Capital
VC Fund
4 Spain, Portugal, Poland Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$3.1M
4Founders Capital
VC Fund
4 Spain, United States, United Kingdom Seed, Pre-Seed, Series A Software, FinTech, SaaS $340k–$16M
Bonsai Partners
VC Fund
3 Spain, United States, France Series A, Seed Software, E-Commerce, Marketplace $1.8M–$17M
astorya.vc
VC Fund
3 France, Spain, Germany Seed, Pre-Seed, Venture - Series Unknown InsurTech, Insurance, Financial Services $835k–$11M
General Catalyst
VC Fund
3 United States, United Kingdom, India Series A, Seed, Series B Software, Artificial Intelligence, Health Care $2M–$130M
Antai Ventures
VC Fund
3 Spain, Chile, Mexico Seed, Pre-Seed E-Commerce, Shopping, Marketplace $318k–$3.3M
Inveready
VC Fund
3 Spain, United States, United Kingdom Seed, Series A Software, Biotechnology, Information Technology $439k–$14M
ICF Capital
VC Fund
2 Spain, United States, Mexico Debt Financing, Seed Software, Health Care, Artificial Intelligence $110k–$6.9M
Social Starts
VC Fund
2 United States, Germany, Canada Seed, Series A Software, Health Care, Artificial Intelligence $100k–$15M
Nauta Capital
VC Fund
2 Spain, United Kingdom, United States Series A, Seed, Series B Software, SaaS, Mobile $1.1M–$27M
Alma Mundi Ventures
VC Fund
2 Spain, United States, United Kingdom Series A, Seed, Series B Software, InsurTech, Insurance $1.1M–$120M
Nazca Ventures
VC Fund
2 Mexico, Chile, United States Seed, Series A Financial Services, FinTech, Software $300k–$60M
Bankinter
VC Fund
2 Spain, United States, The Netherlands Seed, Series A Software, FinTech, Financial Services $192k–$12M
Sabadell Venture Capital
VC Fund
2 Spain, Mexico, United Kingdom Seed, Series A Software, FinTech, Internet $1M–$6.8M
Faber
VC Fund
2 Portugal, United States, United Kingdom Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $29k–$25M
Banco Sabadell
VC Fund
2 Spain, United Kingdom, Mexico Seed, Debt Financing, Series A Software, E-Commerce, Internet $252k–$1000M
Kibo Ventures
VC Fund
2 Spain, United States, United Kingdom Series A, Seed, Series B Software, E-Commerce, Mobile $823k–$51M
Angels Capital
VC Fund
2 Spain, United States, Kenya Seed, Angel, Pre-Seed Software, Health Care, SaaS $104k–$2.5M
CDTI
VC Fund
2 Spain, United States, Mexico Venture - Series Unknown, Seed Software, Information Technology, Health Care $314k–$5.4M
Creas
VC Fund
2 Spain, France, Mexico Series A, Series B, Seed E-Commerce, Health Care, Apps $2.2M–$54M
Miguel Vicente
Angel
2 Spain Seed, Pre-Seed Sales, Internet, InsurTech $451k–$2.2M
Global Founders Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $500k–$32M
468 Capital
VC Fund
1 United States, Germany, Singapore Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1.1M–$42M
GoHub Ventures
VC Fund
1 Spain, United States, Colombia Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $284k–$8.2M
François Derbaix
Angel
1 Spain, United Kingdom Seed, Angel, Pre-Seed FinTech, Financial Services, E-Commerce $106k–$1.1M
HOWZAT Partners
VC Fund
1 United Kingdom, Germany, United States Seed, Series A Travel, E-Commerce, SaaS $318k–$11M
Liberty Mutual Strategic Ventures
VC Fund
1 United States, Spain Series A, Series B Software, InsurTech, Real Estate $5M–$52M
Seaya
VC Fund
1 Spain, United States, France Series A, Series B, Seed Software, Internet, Financial Services $1.6M–$55M
The Crowd Angel
VC Fund
1 Spain, Norway Seed, Equity Crowdfunding Internet, Software, E-Commerce $241k–$2.4M
Cartera de Inversiones CM
VC Fund
1 Spain Series A, Venture - Series Unknown InsurTech, Insurance, Management Consulting
Athos Capital
VC Fund
1 Spain, United Kingdom, United States Seed, Series A Software, Artificial Intelligence, Information Technology $713k–$12M
Telmo Pérez Luaces
Angel
1 Spain Angel, Pre-Seed Information Technology, Legal, FinTech $285k–$948k
Bernardo Hernandez
Angel
1 Spain, United States Seed, Series A Mobile Apps, Apps, Delivery $1M–$9.3M
Stride.VC
VC Fund
1 United Kingdom, France, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $800k–$29M
Cathay Innovation
VC Fund
1 United States, France, China Series B, Series A, Series C Software, Artificial Intelligence, FinTech $5.5M–$176M
Jesus Monleon
Angel
1 Spain, United Kingdom Seed, Pre-Seed, Angel Software, Apps, FinTech $170k–$2.1M
Mangrove Capital Partners
VC Fund
1 United States, United Kingdom, Israel Series A, Seed, Series B Software, E-Commerce, Information Technology $675k–$25M
ENISA
VC Fund
1 Spain, United States, France Seed, Debt Financing, Pre-Seed Software, Health Care, Artificial Intelligence $66k–$1.6M
Christopher Lohmann
Angel
1 Spain, Germany Seed, Pre-Seed InsurTech, Artificial Intelligence
BOOOM
VC Fund
1 Germany Construction, IT Infrastructure, Business Development
Alexander Rinke
Angel
1 Germany, Spain, United States Seed, Pre-Seed, Series A Artificial Intelligence, Machine Learning, Software
Oscar Fuente
Angel
1 Spain Seed, Pre-Seed Hospitality, Artificial Intelligence, Apps $106k–$2M
Mathieu Carenzo
Angel
1 Spain, Nicaragua Seed, Pre-Seed Fashion, Funerals, Software $362k–$688k
Alexandre Guinefolleau
Angel
1 Spain Seed SaaS, FinTech, InsurTech
Entourage
VC Fund
1 Belgium, Spain, United States Seed, Pre-Seed SaaS, Software, Information Technology $768k–$3.3M
Yellow
VC Fund
1 United Kingdom Seed Legal Tech, Information Technology, Artificial Intelligence
Mustafa Suleyman
Angel
1 United States, United Kingdom, Germany Series A, Seed, Pre-Seed Artificial Intelligence, Machine Learning, Software
Mehdi Ghissassi
Angel
1 United Kingdom, France, Germany Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology
Garrett Koehn
Angel
1 United States, Spain Seed, Pre-Seed, Series A Insurance, InsurTech, Software
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Toubkal Partners
VC Fund · Barcelona, Catalonia, Spain · 5 investments in Spain InsurTech startups

Toubkal Partners is a Spanish investment firm focused on investments in consumer good, technology, and financial industries.

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Investment focus

  • Industry: FinTech, Internet, Automotive
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Spain, United Kingdom, The Netherlands

Investor stats

  • Total investments: 18
  • Round size: Seed $143k–$3.1M; Pre-Seed $120k–$729k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • honei — Honei is an app that enables mobile ordering and payment in restaurants.
  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • Cocopool — Cocopool specializing in hourly private pool and spaces rental, offering booking, access, and management for personal use.
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Demium Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 4 investments in Spain InsurTech startups

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Spain, Portugal, Poland

Investor stats

  • Total investments: 85
  • Round size: Seed $113k–$3.1M; Pre-Seed $110k–$574k
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $52M in 2020

Portfolio highlights

  • Rauda AI — Rauda is an artificial intelligence platform specialized in automating customer service with the best customer experience. Take a quantum leap in productivity, reduce costs and improve customer satisfaction with the power of generative artificial intelligence.
  • Aino — AI-powered spatial analytics platform for architecture, urban planning and development teams. Site analysis, GIS-free mapping and location intelligence. 400+ cities covered.
  • Orbital Paradigm — Orbital Paradigm builds reusable vehicles that carry cargo to space and bring it back. Dedicated missions, any orbit, on your schedule. Based in Madrid.
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4Founders Capital
VC Fund · Barcelona, Catalonia, Spain · 4 investments in Spain InsurTech startups, 10 in the past 12 months

4Founders Capital is Venture Capital fund, founded in Barcelona in 2017 investing in high growth technology companies with a clear focus on profit generation, efficient use of capital and with solid teams.4Founders Capital is promoted by Jesús Monleón, Marc Badosa, Javier Pérez-Tenessa and Marek Fodor. 4Founders team's international DNA andextensive experience as Founders and CEOs of successful technology companies allows to assist entrepreneurs and maximize their chances of success to build high impact global technology businesses.We are interested in projects with solid teams, which aim to create large international companies, with a market-tested superior product or service, and a clear revenue and profit generation model. Companies are not required to be in break-even.We invest anywhere from €100K in early stage investments, and typically bring co-investors with us to increase that amount. We do follow-ons for up to €4M per company over the lifetime of our investment.

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $424k–$3.5M; Pre-Seed $340k–$2.3M; Series A $3.7M–$16M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $55M in 2021

Portfolio highlights

  • Flipflow — At Flipflow, we offer brands, manufacturers, and retailers an accurate, actionable, real-time snapshot of their products, competitors, and the market to facilitate informed business decisions. We gather millions of data points daily from retailers in markets worldwide. This data is processed, structured, and delivered as real-time actionableinsights through a flexible and powerful Business Intelligence (BI) suite. Our suite incorporates automations and AI-powered analytics, providing prescription capabilities that guide different teams within retail companies to make optimal business decisions. This approach not only offers a more holistic perspective for key decisions but also enhances day-to-day reaction capabilities.
  • mafer AI — AI data platform for specialty chemicals that centralizes molecular data, integrates with industrial workflows, and powers chemical intelligence.
  • Pagemind — Transform your e-commerce product pages with AI-generated content optimized for Answer Engines.
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Bonsai Partners
VC Fund · Madrid, Madrid, Spain · 3 investments in Spain InsurTech startups, 8 in the past 12 months

Bonsai Partners is a Venture Capital investment company based in Madrid, Spain. We invest in both primary and secondary opportunities in Tech startups from Europe.

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Investment focus

  • Industry: Software, E-Commerce, Marketplace
  • Stage:Series A, Seed
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 102
  • Round size: Seed $1.8M–$6.2M; Series A $3.1M–$17M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $175M in 2022

Portfolio highlights

  • RepScan — RepScan is an eliminate the negative that the Internet says about you. Rapid negative reputation detection and removal technology.
  • Kimera Technologies — Kimera develops software solutions to understand visual content, extract its useful data and transform it into accessible information.
  • Lookiero Outfittery Group — Check out all the roles at LOOKIERO OUTFITTERY GROUP. Get to know the team, see our offices, learn about our values, and discover the benefits of working at LOOKIERO OUTFITTERY GROUP
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astorya.vc
VC Fund · Paris, Ile-de-France, France · 3 investments in Spain InsurTech startups

Scope . New technologies enable insurance, to change its status quo, business models and way of serving customers in the age of continuous change. We are investing in visionary founders eager to build this next generation of insurance and capable to take their vision off-the-ground.

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Investment focus

  • Industry: InsurTech, Insurance, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: France, Spain, Germany

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$4.6M; Pre-Seed $835k–$3.5M; Venture - Series Unknown $1.9M–$11M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Wetterheld — Wetterheld protects your business against rain, temperature or snow.They want to change the weather insurance market. After two years of research and development, they want to offer you the best weather insurance for small and medium businesses in Germany.The contracts are closed with a leading German digital insurer and are re-insured with anindustry giant re-insurer, one of the largest worldwide.With their partners, they combine innovative power and financial strength, traditional know-how of weather insurance and cutting edge big data technology.
  • Celest Science — Understand, monitor and anticipate your exposure to extreme weather events in the context of climate change with our proprietary AI models. Risk Assessment | Subseasonal to seasonal forecast | CatNat modelling | Climate APIs.
  • MuchBetter — Transform sales performance with AI-powered simulations, interactive coaching, and real-time feedback. Reduce ramp time by 30-50%. Trusted by 100+ teams.
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General Catalyst
VC Fund · Cambridge, Massachusetts, United States · 3 investments in Spain InsurTech startups

Investing in powerful, positive change that endures

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 2051
  • Round size: Seed $2M–$20M; Series A $7M–$75M; Series B $14M–$130M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Datalogix — Datalogix® is the industry-recognized leader at connecting digital media and offline purchasing data. We help more than half of the top 100 consumer marketers increase the effectiveness and measurability of their advertising. DLX Platform®, encompasses over $1 trillion in consumer spending and powers campaigns for more than 75% of online mediacompanies. DLX ROI® is rapidly becoming the industry standard for measuring offline sales lift for digital media. Datalogix also offers predictive analytics for Direct Mail, and integrated media solutions via the DLX Net. Our expertise spans the major consumer segments, including Retail, CPG, Automotive, Telecom, Travel and Financial Services. We are based in Colorado, with offices in New York City, San Francisco, Boston, Chicago, Detroit, and London.
  • Legora — By streamlining and simplifying legal workflows, we empower elite law firms and legal professionals to work more efficiently and effectively. Enabling them to focus on higher-value tasks and deliver exceptional results for their clients.
  • Ramp — Join thousands of forward-thinking businesses using Ramp to control spend, save time, and automate busywork.
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Antai Ventures
VC Fund · Barcelona, Catalonia, Spain · 3 investments in Spain InsurTech startups

We back incredible people and help them build disrupting products with the potential of changing the lives of millions.

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Investment focus

  • Industry: E-Commerce, Shopping, Marketplace
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Chile, Mexico

Investor stats

  • Total investments: 43
  • Round size: Seed $318k–$3.3M; Pre-Seed $450k–$3M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Domma — Domma counsels and supports women who are reaching the menopause stage so that the symptoms they may experience do not affect their daily life.
  • Piper — Piper is a next-gen sales productivity and intelligence solution that puts AI to work for both sales reps and sales managers.Through its advanced interpretation of sales conversations from video calls, emails and audio notes, Piper automatically populates deal-related fields in the CRM, freeing up sales capacity and ensuring unbiased, highquality data.Piper further lightens the daily workload of salespeople by assisting through every stage of the client engagement: enhancing meeting prep, drafting follow-up emails, scheduling the next call, and more.For sales reps, Piper is a game-changer, letting them focus on selling without the admin drag. For sales directors and revenue ops, Piper provides top-notch data insights into the sales pipeline, enhancing sales forecasting and data-driven decision-making.
  • Multiplo Capital — Making people love their personal finances with the most efficient AI-powered organization
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Inveready
VC Fund · Barcelona, Catalonia, Spain · 3 investments in Spain InsurTech startups

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

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $439k–$5.8M; Series A $1.6M–$14M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Voztelecom — VozTelecom develops software to enable Voice over Internet Protocol (VoIP) services over Internet. The company's products include miVoz.net, personal IP telephony service; intraVoz.net, local area network (LAN) IP telephony service with enhanced features; extraVoz.net, a hosted IP telephony service; vozConference.net, a hosted Web-conferenceservice with enhanced collaboration features; and wifiVoz.net, application that enables the usage of VozTelecom service through any wireless terminal. Voz has strategic alliances with Interxion, Cisco Systems, Iptel.org, SIP Phone, Jasomi Networks, Midworld Networks, and Endercom. The company was founded in 2003 and is headquartered in Cerdanyola, Spain.
  • Inventia Kinetics — Inventia Kinetics specializes in the design, analysis, and manufacture of equipment and assembly tools for electronics sector.
  • Telum Therapeutics — Telum Therapeutics is a biotechnology company that develops new treatments for infectious diseases based on the use of lytic enzymes from bacteriophages.
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ICF Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain InsurTech startups, 9 in the past 12 months

ICF Capital is a venture and growth capital management firm from ICF. ICF is a public financial institution founded in 1985 and owned by the Government of Catalonia. Our mission is to foster and improve access to funding for companies that operate in Catalonia in order to contribute to the growth of the region's economy while complementing theprivate financial sector. ICF provides funding to Catalan companies and entrepreneurs. They assist them in their development and growth, generating value for society at large. The institution offers companies a range of products and services in the area of corporate finance, focusing on loans and guarantees and venture capital investments. ICF operates via a parent company, two subsidiaries (IFEM and ICF Capital), and an investee (AVALIS). ICF, through IFEM, supports the creation and growth of innovative start-ups through the investment in venture capital funds for seed segments and co-investment with private investors through participative loans. ICF Capital, which manages closed-end UCITS and is authorized by Spain's National Securities Market Commission (CNMV), manages, nurtures, and advises public and/or private funds or venture capital firms that provide capital to Catalan companies. At present, ICF Capital directly manages 2 venture capital firms: ICF Capital Expansió II and ICF Venture Tech II.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Debt Financing, Seed
  • Geography: Spain, United States, Mexico

Investor stats

  • Total investments: 115
  • Round size: Seed $1.2M–$6.9M; Debt Financing $110k–$1.7M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Kintai — Kintai's a lending platform aiming to help small and medium companies with their funding needs. Based on a merchant cash advance model, companies can return their loans on a daily basis with low frictionless amounts.
  • Covides — Covides is a prominent Spanish wine cooperative that integrates grape production, vinification, and international commercial distribution for local winegrowers.
  • ATTSU — ATTSU is leader manufacturer of industrial steam boilers, thermal oil boilers and superheated water boilers. Available on a wide variety of fuels.
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Social Starts
VC Fund · San Francisco, California, United States · 2 investments in Spain InsurTech startups

Social Starts is a $60M+ venture capital partnership with a uniquely data-driven approach to investing in moment-of-inception and Series A financing rounds.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 301
  • Round size: Seed $100k–$3.7M; Series A $3.2M–$15M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Funnel — Our revolutionary CRM property management software saves both time and money for agents and owners while making leasing more efficient.
  • Original Stitch — PLATINUMTOTO hadir sebagai situs togel macau di Indonesia yang sangat populer di kalangan togelers platinumtoto dengan jackpot 4D setiap hari nya
  • Bark Technologies — Learn how Bark's parental controls can help you protect your kids online and in real life with monitoring, screen time controls, and more.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Nauta Capital
VC Fund · London, England, United Kingdom · 2 investments in Spain InsurTech startups

We support visionary founders across Europe as they build the next generation of B2B software companies.

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Investment focus

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

Investor stats

  • Total investments: 173
  • Round size: Seed $1.1M–$5.4M; Series A $2.6M–$11M; Series B $3.5M–$27M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $202M in 2021

Portfolio highlights

  • NetBird — Wiretrustee is an open-source VPN platform built on top of WireGuard® making it easy to create secure private networks for your organization or home. It requires zero configuration effort leaving behind the hassle of opening ports, complex firewall rules, VPN gateways, and so forth.
  • Tangany — Europe's regulated digital asset custodian. Trusted by 60+ banks, brokers and financial institutions. MiCA-licensed and BaFin regulated from Germany. API-first.
  • airfocus — airfocus is the first modular product management software: Manage and communicate your product strategy, prioritize your roadmap, and solve the right problems.
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Alma Mundi Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Spain InsurTech startups

We back bold and purpose-driven founders.

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Investment focus

  • Industry: Software, InsurTech, Insurance
  • Stage:Series A, Seed, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 123
  • Round size: Seed $1.1M–$9.9M; Series A $2.7M–$30M; Series B $5M–$120M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Convelio — Convelio is a global logistics startup specialized in bulky, fragile and high-value items.
  • Parametrix — Parametrix cloud insurance protects companies against any loss due to cloud outages. A simple, essential add-on to any cyber program.
  • 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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Nazca Ventures
VC Fund · Santiago, Region Metropolitana, Chile · 2 investments in Spain InsurTech startups

Revolutionary Empowerment for Founders in Latin America.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A
  • Geography: Mexico, Chile, United States

Investor stats

  • Total investments: 151
  • Round size: Seed $300k–$10M; Series A $3M–$60M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $3.5M in 2014

Portfolio highlights

  • Duppla — Duppla operates as a rent-to-own startup focused on providing alternative financing solutions for home buyers in Colombia. It offers a unique approach to homeownership, where traditional debt is not the primary mechanism. Instead, Duppla presents an innovative model that facilitates access to housing through alternative financing methods. Thisapproach is designed to make the dream of owning a home more attainable for individuals and families, particularly in the LATAM region. With a team that includes co-founders and experts with backgrounds in research and strategy from notable companies, Duppla leverages its understanding of organizational context and user experience to tailor its services. The company aims to address the challenges of affordable housing financing, making it easier for customers to navigate the path to homeownership.
  • Xepelin — Xepelin is a fintech company that offers a SaaS platform for small and medium-sized businesses in Latin America that can organize their financial information in real-time. It seeks to simplify access to capital for its clients by creating a Simple, Fast, and Safe experience. The company was founded in 2019 and is based in Las Condes, Chile.
  • Ábaco — Ábaco is a fintech company that offers financial services with capital, payments & platform solutions.
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Bankinter
VC Fund · Madrid, Madrid, Spain · 2 investments in Spain InsurTech startups, 6 in the past 12 months

Bankinter is an innovative Spanish commercial bank. From an investment perspective, Bankinter's Venture Capital team and Fundación Innovación Bankinter jointly develop a program called Venture Capital Program, focused on identifying and investing in high potential startups using the bank's resources. The program has been active since2013, and from that moment it has already invested in more than 40 startups. In addition to the investment itself, the program tries to add value to the companies with which it interacts through the sharing of experiences and best practices.A key part of the company's strategy is the quality of customer service and innovation. The spirit is defined by the values ​​agility, enthusiasm, integrity, and originality. The company offers a wide range of financial products and services, in addition to advising clients, aggregators, product simulators, and a variety of value-added services. The company's staff are trained, agile, flexible workforce, capable of adapting to technological and market changes.Bankinter was founded on 1965 and is headquartered in Madrid, Spain.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: Spain, United States, The Netherlands

Investor stats

  • Total investments: 73
  • Round size: Seed $192k–$2.2M; Series A $1M–$12M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • 8Layers — 8Layers is an artificial intelligence platform that offers cloud identity threat detection to organizations
  • Izertis — Izertis offer solutions and services in information technology and communications to help their clients achieve their business goals.Their model is based on establishing working with their customers, strong and stable long term to facilitate collaboration in the development of their technology platforms relationships by providing information andsupport to enable them to improve their business processes and achieve a return rapid investment. IZERTIS's mission is to help their customers be more effective, providing ICT services to their needs and providing solutions and products that make the achievement of its objectives.
  • Twinco Capital — Twinco Capital provides suppliers, both large and small, with access to affordable funding and helps buyers build a competitive and socially responsible supply chain. Twinco Capital is the first company to have successfully launched this type of supply chain financing, offering to finance as early as the time of issuance of purchase orders.purchase.
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Sabadell Venture Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain InsurTech startups

Sabadell Venture Capital's main purpose is to support entrepreneurial Spanish projects during their initial stages (Seed and Early Stage). They want to be the financial partner of the startups and to be part of its innovative and transformative projects. They add value to the company through the different stages of its growth. Banco Sabadellis defined by its entrepreneurial spirit: “A bank by entrepreneurs, for entrepreneurs, helping entrepreneurs".

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Investment focus

  • Industry: Software, FinTech, Internet
  • Stage:Seed, Series A
  • Geography: Spain, Mexico, United Kingdom

Investor stats

  • Total investments: 82
  • Round size: Seed $1M–$5.8M; Series A $2.9M–$6.8M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Cofers — Cofers es una plataforma Cloud de gestión y conciliación de la tesorería para empresas en Mexico.
  • Zazume — Zazume is an end-to-end rental management software simplifying the entire letting process for real estate companies, landlords. It works with real estate professionals, from letting agencies to property managers (Built-to-Rent, coliving, opcos, family offices, REIT, student housing…) to replace manual with digital processes and optimize thetenant’s journey from search to living. Zazume is an end-to-end rental management software simplifying the entire letting process for real estate companies, landlords.
  • Amelia Hub — Inspect solar piles in 15 seconds with Hincator, verify tracker quality, auto-fill QA/QC reports and certify your project in just a few clicks.
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Faber
VC Fund · Lisbon, Lisboa, Portugal · 2 investments in Spain InsurTech startups, 6 in the past 12 months

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively helpfounders build global companies powered by AI/Data, Web3 or Ocean/Climate technologies.Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData.

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Investment focus

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

Investor stats

  • Total investments: 97
  • Round size: Seed $549k–$5.2M; Pre-Seed $29k–$3M; Series A $2.5M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Porelio — Porelio is an environmental technology that provides purification technologies for water and industrial chemicals.
  • ATMOS Space Cargo — ATMOS Space Cargo develops and manufactures space capsules to return cargo from space, microgravity experiments, Commercial products to entire rocket stages.
  • InSpacePropulsion Technologies — Cost-effective, robust, and quickly available propulsion solutions, based on 10+ years of R&D and 40 years of combined experience in space propulsion.
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Banco Sabadell
VC Fund · Alicante, Comunidad Valenciana, Spain · 2 investments in Spain InsurTech startups, 13 in the past 12 months

Banco Sabadell is a banking group that specializes in serving small and medium enterprises. It comprises of several banks, brands, subsidiaries, and associated banks. The company was founded in 1881 and is headquartered in Alicante, Spain.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Debt Financing, Series A
  • Geography: Spain, United Kingdom, Mexico

Investor stats

  • Total investments: 78
  • Round size: Seed $252k–$6.5M; Series A $1M–$20M; Debt Financing $3M–$1000M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Sonnedix — Sonnedix is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market.
  • 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.
  • Catalonia Hotels & Resorts — Catalonia Hotels & Resorts is a hotel chain that offers loyalty program to take care of the customer's stay.
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Kibo Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Spain InsurTech 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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Angels Capital
VC Fund · Valencia, Comunidad Valenciana, Spain · 2 investments in Spain InsurTech startups, 6 in the past 12 months

Angels Capital philosophy is to find and support at 1 able to lead a project. Their goal is to support the entrepreneurial, helping to create new businesses, help grow their business sector, generate employment and create wealth.

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Spain, United States, Kenya

Investor stats

  • Total investments: 135
  • Round size: Seed $265k–$2.5M; Angel $104k–$1.5M; Pre-Seed $323k–$994k
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Citring — Citring One, is an innovative juicer with a radically simplified process. Effortless from juicing to cleaning, it is ideal for anyone with a busy lifestyle. Say goodbye to hassle and hello to fresh juice. With Citring One, juicing is as easy as pressing a button.
  • Trak — Trak is a software tool for healthcare professional to provide AI-based tele-rehabilitation services like physiotherapy and others.
  • Cocircular — Cocircular is a Construction Company.
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CDTI
VC Fund · Ventura, California, United States · 2 investments in Spain InsurTech startups

Developing combustion engine catalyst and coating technology to reduce emissions and improve fuel efficiency for clean energy production.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Venture - Series Unknown, Seed
  • Geography: Spain, United States, Mexico

Investor stats

  • Total investments: 36
  • Round size: Seed $314k–$2.6M; Venture - Series Unknown $765k–$5.4M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Medlumics — Medlumics is a medical device start-up born in 2009 from a compromise with improving human living standards by means of technology.
  • 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.
  • Atlas Molecular Pharma — Latest News Your browser does not support the video tag.
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Creas
VC Fund · Madrid, Madrid, Spain · 2 investments in Spain InsurTech startups

Creas is the first institutional impact fund in Spain investing in social companies.

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Investment focus

  • Industry: E-Commerce, Health Care, Apps
  • Stage:Series A, Series B, Seed
  • Geography: Spain, France, Mexico

Investor stats

  • Total investments: 18
  • Round size: Series A $2.2M–$36M; Series B $13M–$54M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Qida — Qida is a home care company that offers expert, personalized, and humane in-home care for elderly or dependent people. This procedure is carried out in accordance with the Individualized Work Plan (PTI), a comprehensive plan that incorporates the major international assessment scales in the health and social fields. Qida is a social impact entitythat selects the best caregiver and also accompanies the person cared for and their family throughout the process through the figure of the Social Reference.
  • MiResi — MiResi provides individual and family services to help families find the right center and care for their elderly with different locations, economic needs, and health needs. They are associated with comprehensive housing, maintenance, psychosocial and health care, rehabilitation, personal care, and a variety of other services. It allows customers tocontact their preferred residences and select an economical nursing home.
  • Lillian Care — Lillian is building a nationwide network of health facilities in Germany.
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Miguel Vicente
Angel · Barcelona, Catalonia, Spain · 2 investments in Spain InsurTech startups

Miguel Vicente is the Chairman and Founder of TechBarcelona. He previously worked at LetsBonus as a Founder and CEO. Miguel Vicente attended London Business School.

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Investment focus

  • Industry: Sales, Internet, InsurTech
  • Stage:Seed, Pre-Seed
  • Geography: Spain

Investor stats

  • Total investments: 5
  • Round size: Seed $1.1M–$1.6M; Pre-Seed $451k–$2.2M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Elma — Elma is a health technology company on a mission to deliver better quality, more affordable and faster care by running an insurance business. The company was founded in 2017 and is based in Barcelona, Catalonia.
  • MOVEMENTS — Convert your cause into an unstoppable movement. MOVEMENTS offers petitions, community, content and subscriptions to drive change.
  • Platform Flinket — Platform Flinket is a Spanish technology business that specializes in developing the digital infrastructure that allows banks and insurers to launch insurance-based investment products completely digitally and in real time.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Spain InsurTech startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 971
  • Round size: Seed $1.5M–$9.2M; Pre-Seed $500k–$5M; Series A $5M–$32M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • sevDesk — Deutschlands beliebteste Buchhaltungssoftware: Rechnungen& Angebote erstellen, Buchhaltung erledigen, Kunden- &Lagerverwaltung u.v.m.
  • Cambridge Aerospace — Our mission is to eliminate the risk of existential war in Europe.
  • Arrakis Technologies — Arrakis partners with ambitious companies to deploy secure AI in production, taking them from experimentation to real-world impact at warp speed.
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468 Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Spain InsurTech startups

468 Capital is an investment firm that focuses on identifying and managing opportunities in various markets. The firm employs a systematic approach to investment analysis and portfolio management. It collaborates with a range of partners to support its investment strategies. The company serves industries including technology, healthcare, andrenewable energy.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, Singapore

Investor stats

  • Total investments: 225
  • Round size: Seed $2.6M–$12M; Pre-Seed $1.1M–$3.8M; Series A $9M–$42M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $400M in 2022

Portfolio highlights

  • Relixir — Relixir is AI Generative Engine Optimization (GEO) assistant that maps, monitors and improves AI search rankings.
  • Pally — Pally is an AI Agent for your network.
  • ARC Intelligence — ARC Intelligence operates as a supplier of data systems driven by AI for small and medium-sized businesses.
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GoHub Ventures
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Ayudamos a startups deep tech a convertirse en grandes participantesen el sector del agua, industria 4.0 y smart cities.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Spain, United States, Colombia

Investor stats

  • Total investments: 35
  • Round size: Seed $284k–$4M; Pre-Seed $284k–$284k; Series A $549k–$8.2M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • Nymiz — Harmonizing knowledge management through our data anonymization software for compliance with legal laws.
  • indigitall — indigitall: The only AI-Powered Customer Engagement Platform that connects all of your outbound and inbound digital channels in one solution.
  • Agrow Analytics — It is a platform to monitor in real time and in the future the water available in the terrains and its effect on the crops.
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François Derbaix
Angel · Madrid, Madrid, Spain · 1 investments in Spain InsurTech startups

Francois Derbaix is the Co-founder and co-CEO of Indexa Capital. He previously worked at Toprural as a Founder and CEO. Francois Derbaix attended the Catholic University of Louvain.

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Spain, United Kingdom

Investor stats

  • Total investments: 41
  • Round size: Seed $150k–$1.1M; Angel $106k–$424k; Pre-Seed $149k–$574k
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Balio — Personal Finance Manager and Investing
  • Rauda AI — Rauda is an artificial intelligence platform specialized in automating customer service with the best customer experience. Take a quantum leap in productivity, reduce costs and improve customer satisfaction with the power of generative artificial intelligence.
  • Solfy — Solfy is a Marketplace for self-consumption of solar energy.
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HOWZAT Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Spain InsurTech startups

Howzat Partners is a venture capital firm specializing in incubation, seed, start up, growth capital, early stage, and mid venture investments. The firm seeks to invest in digital businesses with a focus on internet, digital media, e-commerce companies. It invests globally. It acts as as sounding board. The firm also makes co-investments. HowzatPartners was founded in 2006 and is based in Luxembourg and London.

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Investment focus

  • Industry: Travel, E-Commerce, SaaS
  • Stage:Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 95
  • Round size: Seed $318k–$2.2M; Series A $1.5M–$11M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Wingly — Wingly is a flight sharing platform. Find pilots or passengers for your trip.
  • Quoroom — A single intelligent platform to manage capital raising,equity, debt and employee options
  • Mymoria — MYMORIA offers an one-stop-online-shop for full configuration and complete commissioning of funerals. Mymoria is able to offer its services significantly cheaper than traditional mortician homes. The company is offering its services nationwide and work hard to organize our processes efficiently while maintaining thehigh service standards.
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Liberty Mutual Strategic Ventures
VC Fund · Boston, Massachusetts, United States · 1 investments in Spain InsurTech startups

Liberty Mutual Strategic Ventures is a $150M corporate venture fund backed by Liberty Mutual Insurance. We invest in insurtech, fintech, and adjacencies across the future of shelter, mobility, commerce, and insurance innovation. We are focused on property and casualty across personal and commercial lines; we do not invest in life or healthstartups. We primarily invest in the United States, but will evaluate startups that operate across Liberty Mutual’s global footprint.

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Investment focus

  • Industry: Software, InsurTech, Real Estate
  • Stage:Series A, Series B
  • Geography: United States, Spain

Investor stats

  • Total investments: 39
  • Round size: Series A $5M–$20M; Series B $12M–$52M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2016

Portfolio highlights

  • Blitzy — You Describe It, We Build It
  • Pano — Pano offers hardware and software technology solutions for fire professionals to detect threats. Pano provides tools to the government, utilities, insurers, and private landowners in order to mitigate wildfire threats and protect lives, property, and the environment. Pano is a unified enterprise solution that combines cutting-edge hardware,artificial intelligence, and software.
  • Antora Energy — Antora converts low-cost, intermittent renewable electricity into a reliable, on-demand source of zero-emissions industrial heat and power.
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Seaya
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain InsurTech startups

Seaya is an European VC investing in exceptional entrepreneurs who build global tech companies.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 107
  • Round size: Seed $1.6M–$10M; Series A $3.8M–$25M; Series B $4M–$55M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $341M in 2022

Portfolio highlights

  • Adsmurai — Adsmurai presents the solution to plan, launch, measure, and scale your Paid Media campaigns across all platforms.
  • 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.
  • Restaurantes.com (formerly Restalo) — Restalo.es ahora es @RestaurantesCom
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The Crowd Angel
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

The Crowd Angel is a premium equity crowdfunding platform that enables its users to invest from 3.000€ in a selection of the best Spanish startups. A hybrid between crowdfunding and venture capital, it takes an active part on the board of the companies invested. The platform opens the business angel model to people wanting to enter the startupecosystem.We have co-invested together with some of top Spanish VCs (Inveready, Keyword VC, Antai Venture Builder, Media Digital Ventures, Bankinter, etc). We are backed by Inveready and Keyword VC.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Equity Crowdfunding
  • Geography: Spain, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $241k–$2.4M; Equity Crowdfunding $329k–$478k
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • VOLAVA — Volava is a fitness platform that brings the energy and benefits of studio-style workouts to the convenience and comfort of home. It is a connected, technology-enabled fitness boutique. It also makes fitness entertaining, approachable, effective, and convenient, while fostering social connections and building a community around wellness. Volavawas founded in 2017 and is headquartered in Barcelona, Spain.
  • Enso Spaces — The best coliving in Spain! We are in Barcelona, Madrid and Valencia. Apartments ready to move in and a community of people like you. Find your space!
  • Kymatio — Support your people. Protect the company. New approach to Employee Cybersecurity Management: Kymatio identifies, analyzes, assesses, and provides the means to treat the cyber risk of human origin. Visibility: allows companies to know the cyber risk they are facing, how it's distributed, and having metrics about the evolution along time.Efficiency: provides personalized and targeted plans, that can help to use technological tools where and how they are really needed. IT Risk Management + Neuroscience People: they are not agents that produce incidents, but valuable assets that manage information. They have vulnerabilities and are exposed to threats.Risks can be identified, measured and mitigated.
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Cartera de Inversiones CM
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Cartera de Inversiones CM is a venture arm of Bankinter that is based in Barcelona, Spain.

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Investment focus

  • Industry: InsurTech, Insurance, Management Consulting
  • Stage:Series A, Venture - Series Unknown
  • Geography: Spain

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MESbook — MESbook is a real-time management system for factories that combines production, cost, quality and HR control.
  • Heymondo — It is also the commercial name of "Smart Insurance Correduría de Seguros, SL" They choose to be an insurance broker and this is important because it is the only independent figure in the sector, free to work with the insurance company and the products that it deems appropriate.
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Athos Capital
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain InsurTech startups

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A
  • Geography: Spain, United Kingdom, United States

Investor stats

  • Total investments: 50
  • Round size: Seed $713k–$6.4M; Series A $1.3M–$12M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • AcoruAI — AcoruAI is a cybersecurity company that develops an AI-driven platform that focuses on proactive fraud and scam prevention. Its technology continuously analyzes and classifies user accounts to detect risk signals before any transaction occurs. The platform identifies behavioral patterns associated with money mule activity and other fraudulentbehaviors, enabling institutions to intervene early and prevent financial crimes. Acoru also offers a consortium management feature, allowing organizations to share intelligence while maintaining data privacy.
  • Sax AI — Sax AI is an AI powered KYC platform that enables banks to automate customer onboarding and compliance processes.
  • Spacebackend — Lynapse by Spacebackend unifies interface modeling, version control, testing, and validation. Convert ICDs into traceable, deterministic implementations with human-in-the-loop review.
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Telmo Pérez Luaces
Angel · Madrid, Madrid, Spain · 1 investments in Spain InsurTech startups

Telmo Pérez Luaces has all-embracing experience within the Internet and telecommunications sector. Starting at Netjuice Networks in 1999, then joining the Orange-France Telecom Group (2000-2015) and occupying numerous positions: Strategy Director. CEO Office (Wanadoo), Online Director and Portales (Orange Spain) and VP Strategy Home &Convergence (Orange Group). During this period within Orange Group, as VP Digital Corporate Development he adapted the online strategy and launched the main open innovation initiatives on a global basis, by being responsible for the design and implementation of the Orange Fab acceleration program globally, along with the corporate venture capital activity (Orange Digital Ventures). He has participated in the acquisition of a variety of Internet and telecommunications companies, and more recently in investments in startups related to IoT (Smart home, connected car, etc.) and Data areas. He has also been member of the Board of Directors of Orange Digital Services and Cityvox.

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Investment focus

  • Industry: Information Technology, Legal, FinTech
  • Stage:Angel, Pre-Seed
  • Geography: Spain

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $285k–$948k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Cafler — Your car's personal assistant. Ask for a Cafler now, we move your car for you!
  • Medity — Medity is a hub for health professionals, news, job opportunities, training, networking, and more. Medity's many features provide healthcare providers with a value proposition. A health professional has access to all the newest news in the area, as well as resources and utilities for their work, in addition to being able to communicate withother peers.
  • Emérita Legal — Emérita Legal combines judicial BigData with artificial intelligence to provide a key advantage to lawyers and users of legal services. Through its advanced Judicial Analytics tool, it extracts data not available so far on lawyers, judges, parties and the areas of law itself, from the analysis of millions of judicial decisions. With the help ofEmerita Legal, professionals and users can, for the first time, make their legal decisions based on objective data, not opinions.The company was founded in 2017 and is headquartered in Santiago de Compostela.
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Bernardo Hernandez
Angel · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Bernardo Hernandez is leading Spanish Business Angel. He graduated from ICADE, a top Business School in Madrid Spain in 1993. He has a Masters in Finance from Boston College and holds the Chartered Financial Analyst (CFA) designation. At the age of 29, after 5 years as an analyst and portfolio manager in the asset management industry with companieslike Fidelity and Putnam Investments, he started his first internet venture idealista.com, now the leading real estate online portal in Spain. Since then he has participated in other online start-ups as a Business Angel, like floresfrescas.com, planetaki.com, 11870.com or the leading social network in Spain, tuenti.com.His latest venture is StepOne.com, a company that helps Spanish businesses to get established in the US. He is also member of the board at Bodaclick.com, the first Spanish internet company to go public.Bernardo joined Google in 2005 and is currently Director of Product Management and Managing Director for Zagat. He is based in New York.

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Investment focus

  • Industry: Mobile Apps, Apps, Delivery
  • Stage:Seed, Series A
  • Geography: Spain, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $1M–$2.2M; Series A $1.2M–$9.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fiuter — La primera plataforma que permite crear segmentos inteligentes de tus clientes para mejorar el marketing y las ventas de tu Ecommerce.
  • Citibox — Citibox is the software platform that automatically connects all couriers with online shoppers, allowing all parcels to be delivered conveniently and efficiently in low cost smart parcel boxes inside residential buildings, with no need for the receiver to be at home. Couriers benefit from a boost in productivity while online shoppers are able tosafely receive their parcels in their building and to pick them up at their convenience. The company was founded by David Bernabeu, a serial entrepreneur, and has received support of top tier accelerators, business angels and VCs of the Spanish startup ecosystem.
  • Verse — Verse is the payments technology platform that takes the friction out of storing, spending and sharing money. The mobile app allows you to share payments easily, instantly and with no hidden fees and also allows you to choose whether your transactions are private or public so that you can have fun while keeping track of your financial activities.Verse is available for both Android and iOS-based phones and transactions are completed in less than two business days. The company was founded in 2016 and is based in Barcelona, Spain.
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Stride.VC
VC Fund · London, England, United Kingdom · 1 investments in Spain InsurTech startups

Stride.VC is a London-based seed-stage tech fund; a small team of dedicated venture investors backing small teams of passionate entrepreneurs. We favour prototypes over powerpoints and whiteboards over boards. We love our craft.

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Investment focus

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

Investor stats

  • Total investments: 85
  • Round size: Seed $2.4M–$12M; Pre-Seed $800k–$5.9M; Series A $6.7M–$29M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $135M in 2021

Portfolio highlights

  • TRIVER — Triver develops online and digital tools to assist and support various financial services. It is based in London, England.
  • Thema — See where to defend. Where to expand. Where to originate.
  • Conceivable Life Sciences — Conceivable Life Sciences is building the first fully automated IVF lab to democratize access to IVF.
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Cathay Innovation
VC Fund · San Francisco, California, United States · 1 investments in Spain InsurTech startups

A global venture capital firm investing in founders building transformative businesses everywhere.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series B, Series A, Series C
  • Geography: United States, France, China

Investor stats

  • Total investments: 161
  • Round size: Series A $5.5M–$30M; Series B $11M–$60M; Series C $24M–$176M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Embat — Embat develops cloud-based treasury management software designed to help finance teams manage cash flow, banking operations, and financial forecasting in real time. The company provides a platform that connects bank accounts, enterprise resource planning systems, and payment systems to centralize visibility of cash positions across multipleentities and currencies. Its software supports automated reconciliation, payment execution, liquidity forecasting, and financial reporting through a unified interface. The platform also includes AI-driven features that assist with transaction matching, anomaly detection, and cash flow prediction to reduce manual finance operations. Embat works with mid-sized and large enterprises to streamline treasury workflows, improve liquidity management, and support financial decision-making. The company integrates with a wide network of financial institutions and enterprise systems to enable continuous financial data synchronization and operational control.The platform uses automation and AI features to reduce manual treasury tasks, including transaction matching, accounting entries, and financial reporting workflows. It integrates with a wide range of banking systems and corporate ERPs to synchronize financial data continuously. Embat also enables centralized payment management, allowing finance teams to initiate, approve, and track transactions across multiple banking relationships. Its tools support cash visibility, debt monitoring, and financial scenario planning for operational decision-making.
  • GenLogs — Carrier sourcing. Carrier vetting. Carrier Compliance. Shipper prospecting. Asset monitoring. Asset recovery. Freight Intelligence. All in one Truck Intelligence platform!
  • Qualified Health — Discover the Infrastructure for enforceable governance, agent creation, and post-deployment monitoring for Generative AI in healthcare
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Jesus Monleon
Angel · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Jesus Monleon is a serial entrepreneur and Internet enthusiast. Co-founded eMagister.com, SeedRocket and Offerum founder, a daily offers collective buying company.

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Investment focus

  • Industry: Software, Apps, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Spain, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $419k–$2.1M; Angel $170k–$292k; Pre-Seed $340k–$722k
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • honei — Honei is an app that enables mobile ordering and payment in restaurants.
  • HUBUC — A single API-platform that allows any business to embed financial services capabilities into their products. 
e.g Uber can issue branded credit cards for all Uber drivers and Walmart provides customers a simple way to better manage and control their everyday finances, with no regulatory burden or compliance requirements in a few weeks.
  • Cocopool — Cocopool specializing in hourly private pool and spaces rental, offering booking, access, and management for personal use.
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Mangrove Capital Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Spain InsurTech startups

Mangrove Capital Partners is a contrarian investment firm helping innovative entrepreneurs start and grow.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 153
  • Round size: Seed $675k–$10M; Series A $2.5M–$12M; Series B $8M–$25M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $234M in 2017

Portfolio highlights

  • Edgify — Edgify is a developer of a predictive personalization technology used to analyze a user's photos on their phone. Its technology captures consumers' changing needs, offering predictive accuracy that can be integrated with brands' customer relationship management systems and recommendation platforms that enable clients to get markettargeting capabilities and to capture the ever-changing needs of their consumers.Edgify also develops a distributed yet collaborative framework that enables users to train complete deep-learning and machine-learning models directly on their own edge devices, without the need to transfer any of the data to the cloud. The company's framework gives any edge unit the ability to run Deep Learning and AI training locally, without the need to extract the data to a server or having to pay the network costs of Model building.Edgify was founded in 2015 and is based in London, England, UK.
  • Proggio — Transform your project management with timelines that enhance productivity and clarity. Discover how Proggio AI can help.
  • Titan Operating System
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ENISA
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain InsurTech startups

ENISA is a public company under the Ministry of Industry, Energy and Tourism, through the Directorate General of Industry and Small and medium-sized enterprises which, since 1982, actively participates in the financing of viable and innovative business projects.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Debt Financing, Pre-Seed
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 231
  • Round size: Seed $67k–$1.6M; Pre-Seed $165k–$1.2M; Debt Financing $66k–$489k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Naturr — Nature, which seeks to connect small-scale artisanal food producers from rural areas with urban consumers. Nature platform could serve as an important bridge for promoting local and sustainable food systems, benefiting both rural producers and urban consumers i
  • Biotasmart — Plataforma que convierte datos de la microbiota intestinal en recomendaciones nutricionales personalizadas.
  • DARWIN Biomed — Biomedical Engineering
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Christopher Lohmann
Angel · 1 investments in Spain InsurTech startups

Christopher Lohmann is the Sales partner in Germany, Austria, and Switzerland at ETB Group

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Investment focus

  • Industry: InsurTech, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Germany

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Afori — Afori provides intelligent task management and workflow automation by using specialised AI agents.
  • VoiceLine — VoiceLine is AI-powered field sales revenue intelligence. Document any customer interactions in seconds, get actionable insights and boost sales performance. Start today!
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BOOOM
VC Fund · 1 investments in Spain InsurTech startups

A hyper networked & collaborative Micro Fund, backing Europe's B2B backbone of tomorrow - fueled by Unicorn Founders

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Investment focus

  • Industry: Construction, IT Infrastructure, Business Development
  • Geography: Germany

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Afori — Afori provides intelligent task management and workflow automation by using specialised AI agents.
  • Ankar AI — Your AI Operating System for Patents
  • Avallon Labs — Avallon Labs automates insurance claims operations with AI agents that handle calls and data entry to streamline adjuster workflows.
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Alexander Rinke
Angel · Munich, Bayern, Germany · 1 investments in Spain InsurTech startups

Alexander Rinke is the Co-Founder and Co-CEO of Celonis. Alexander Rinke attended Technical University of Munich.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Spain, United States

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Afori — Afori provides intelligent task management and workflow automation by using specialised AI agents.
  • Voyfai — Voyfai provides a platform to manage shipments, procurement, back-office tasks, and logistics services for freight forwarders.
  • revel8 — revel8 turns your team into a Human Firewall - with deepfake voice calls, multichannel phishing simulations, and personalized cyber awareness training.
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Oscar Fuente
Angel · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Oscar Fuente is the founder and CEO of the IEBS Business School.

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Investment focus

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

Investor stats

  • Total investments: 4
  • Round size: Seed $106k–$2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Coverfy — Coverfy APP is a free mobile insurance manager that simplifies and solves all insurance-related issues for its users. The APP optimizes user´s insurance policies and covers all his insurance needs using digital technology and semi-authomatic algorithms. Coverfy is an insurance broker registered at the General Directorate of Insurance and PensionFunds (DGSFP) and acting independently from the insurance companies.
  • Bookinter — All in one platform with channel manager and artificial intelligence for rental property management and commercialization
  • Green Living Coliving — We’re transforming the way you think about housing by blending innovation, sustainability, and flexibility. Our homes not only respect the environment but also adapt to the real needs of today’s world. Designed for efficiency, comfort, and affordability, our spaces offer a superior quality of life while reducing environmental impact.
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Mathieu Carenzo
Angel · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

I am a seasoned entrepreneur and dynamic Business Angel with current investments in scale-ups such as Glovo or Bizaway and promising start-ups such as Trioteca, Daysk, Vasquiat and many others. I keep a portfolio of 10/12 start-up investment at any given moment.I focus my investments in (but not limited to) SAAS and Marketplaces with B2B andB2B2C business model.I currently teach in the MBA and the GEMBA of IESE Business School and have extensive experience teaching programs in 3 different languages (English, Spanish and French) and 4 continents.

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Investment focus

  • Industry: Fashion, Funerals, Software
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Nicaragua

Investor stats

  • Total investments: 5
  • Round size: Seed $362k–$688k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Funos — Rastreador de Funerarias. Comparador de precios de funerarias. 50% de descuento en las mejores funerarias. Te ayudamos en todo.
  • VASQUIAT — Vasquiat (pronounced "vahs-kee-at") is a unique concept store driven by avant-garde fashion and the community around it. Founded in Barcelona in 2018, we showcase a mix of established and emerging designers carefully curated to bring together style innovation and cutting-edge brands, for a community of fashion enthusia
  • Modular DS — Modular DS helps agencies and freelancers manage WordPress maintenance with updates, backups, monitoring, security, and more from one dashboard.
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Alexandre Guinefolleau
Angel · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

An all-round web professional with a strong background in hospitality, passionately involved in tech and entrepreneurship.

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Investment focus

  • Industry: SaaS, FinTech, InsurTech
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
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Entourage
VC Fund · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Spain InsurTech startups

Entourage is a venture Studio and early stage VC that invests in early-stage B2B and SaaS sectors.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, Spain, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $768k–$3.3M; Pre-Seed $1.7M–$3.3M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • Karomia — Karomia is an efficient and engaging B2B SaaS solution supporting sustainability officers in conducting a Double Materiality Assessment (DMA) of their organization, as part of their ESG report.
  • Warren — Enabling wealth, Boosting welfare
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Yellow
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Spain InsurTech startups

Pre-seed fund backing the most ambitious European founders with capital and access to the most powerful Southern European network.

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Investment focus

  • Industry: Legal Tech, Information Technology, Artificial Intelligence
  • Stage:Seed
  • Geography: United Kingdom

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Afori — Afori provides intelligent task management and workflow automation by using specialised AI agents.
  • Kiku — Kiku is a platform that automates frontline hiring we help companies source, screen and shortlist the best-fit candidates. We have an ai-agent that through voice or chat engages with candidates 24/7, in +100 languages - all integrated in ATS. To find candidates we analyse your current talent pool, find new candidates in external sources and use. Kiku's value proposition: candidate are sourced and screened at the fraction of the cost of humans, 24/7 and a better candidate experience. We differentiate by 1) industry-specific integrations and setup 2) vertical focus for good onboarding, UX, and features.
  • Zenline AI — Zenline AI empowers European retailers with AI agents for modern assortment optimization. In a market shaped by global platforms and increasing margin pressure, Zenline helps build profitable, shopper-centric assortments. Its AI delivers automated, product-level recommendations, from product launches and consolidation to the ongoing optimization ofexisting items. By analyzing internal margin and competitor data alongside social trends, Zenline identifies assortment gaps and suggests concrete pricing actions. The result: intelligent, competitive assortments aligned with what shoppers truly want.
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Mustafa Suleyman
Angel · London, England, United Kingdom · 1 investments in Spain InsurTech startups

Mustafa Suleyman is based out of Redmond, Washington, and is the CEO of Microsoft AI. Mustafa previously worked at Inflection AI as a co-founder and CEO.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Software
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Seek AI — Seek AI modernizes business analytics with generative AI-powered database queries.
  • Forward — Forward is revolutionary primary care focused on your long-term health, with top-rated doctors supported by technology.
  • Pacific Fusion — Pacific Fusion was founded in 2023 with the mission to power the world with abundant, affordable, clean energy.
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Mehdi Ghissassi
Angel · London, England, United Kingdom · 1 investments in Spain InsurTech startups

Mehdi Ghissassi serves as the Head of Product Management at DeepMind.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, France, Germany

Investor stats

  • Total investments: 37
  • Lead/follow: no public data

Portfolio highlights

  • Qevlar AI — SOARs are limited and complex to manage. Level-up your SOC with 100% autonomous alert investigation. No playbook required.
  • Forgent AI — Forgent uses AI agents to draft tender proposals, find opportunities and coordinate teams.
  • ai-coustics — ai|coustics is pioneering innovative audio algorithms based on AI and Deep Learning models and fundamentally improving the capabilities of Speech Audio Enhancement in digital communication and media content.
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Garrett Koehn
Angel · San Francisco, California, United States · 1 investments in Spain InsurTech startups

20+ years of complex commercial insurance experience with 20+ years experience in a senior executive position. Partner or senior management equity holder in 4-successful buy/sell private equity transactions. Active angel investor / start-up advisor with focus on marketplaces, fintech, insuretech, cryptos and others...https://angel.co/garrett-koehnAreas of insurance practice: Cyber Insurance (since '95), Directors and Officers Insurance, Intellectual Property Insurance. Highly experienced in insurance product creation and insurance distribution strategy.

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Investment focus

  • Industry: Insurance, InsurTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Spain

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Afori — Afori provides intelligent task management and workflow automation by using specialised AI agents.
  • Vacayo — Vacayo is a real estate management and service platform that helps owners rent their properties seamlessly and with higher income, leveraging Superhosts for on-the-ground operations. Despite the growth of the sharing economy, homeowners monetize less than 2 million of the 8 million second homes in the US.We leverage technology & big data tohigher profits, total coverage, and better options owners. Vacayo allows owners to put their vacation rental on autopilot. Our system is cutting the typical costs of property management companies by 30%-60%.
  • Herald — Developers use Herald to quote and bind insurance from multiple carriers through a single API.
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InsurTech Investor funding in Spain at a glance

Stats across 50 deals from 96 investors.

96
investors
in Spain InsurTech startups
50
deals
in Spain InsurTech startups
$1.3M
median round
in Spain InsurTech startups
36%
lead investors
lead at least one round
30%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

Access all 96 investors in Spain InsurTech startups.

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