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Top 50 Medical Device VC Funds & Investors in Spain (July 2026)

The most active venture capital funds investing in Spain Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Spain Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Centre for the Development of Industrial Technology (CDTI)
VC Fund
9 Spain, United States, France Grant, Seed Biotechnology, Health Care, Software $157k–$16M
ENISA
VC Fund
6 Spain, United States, France Seed, Debt Financing, Pre-Seed Software, Health Care, Artificial Intelligence $66k–$2.1M
BeAble Capital
VC Fund
6 Spain, Italy Pre-Seed, Seed Biotechnology, Manufacturing, Software $124k–$1.2M
Criteria Venture Tech
VC Fund
6 Spain, United States, United Kingdom Seed, Series A Software, Biotechnology, E-Commerce $256k–$21M
Clave Capital
VC Fund
5 Spain, Chile, Switzerland Seed, Series A, Venture - Series Unknown Biotechnology, Health Care, Software $462k–$16M
BStartup
VC Fund
5 Spain, Mexico, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $110k–$2.2M
Asabys Partners
VC Fund
5 Spain, France, Belgium Series A, Series B, Seed Health Care, Biotechnology, Medical Device $1.2M–$135M
Bullnet Capital
VC Fund
5 Spain, United States, Mexico Seed, Series A Software, Information Technology, Manufacturing $587k–$11M
ICF Capital
VC Fund
4 Spain, United States, Mexico Debt Financing, Seed Software, Health Care, Biotechnology $110k–$6.9M
CRB Inverbío
VC Fund
4 Spain, Italy, Mexico Series A, Seed Health Care, Medical, Biotechnology $2.2M–$8.9M
Clave Mayor
VC Fund
3 Spain, Germany, United States Seed, Series A Software, Biotechnology, Medical $262k–$8.9M
Grow Venture Partners
VC Fund
3 Spain Seed, Pre-Seed, Venture - Series Unknown Health Care, Biotechnology, Artificial Intelligence $106k–$9.5M
CDTI Innovación's INNVIERTE program
VC Fund
3 Spain, Panama, Switzerland Venture - Series Unknown, Seed Biotechnology, Health Care, Medical $266k–$16M
EASO Ventures
VC Fund
3 Spain, Switzerland Seed, Venture - Series Unknown Software, Health Care, Manufacturing $54k–$5.3M
INNVIERTE ECONOMIA SOSTENIBLE SICC SME SA
VC Fund
3 Spain Series A, Grant, Pre-Seed Semiconductor, Optical Communication, Apps $587k–$1.5M
Banc Sabadell and the Institut Català de Finances (ICF)
VC Fund
2 Spain Pre-Seed, Series A, Post-IPO Debt Wellness, Health Care, Medical Device
CG Health Ventures
VC Fund
2 Spain, United States Series A, Seed, Convertible Note Health Care, Medical, mHealth
ENDRA
VC Fund
2 Spain Series A, Convertible Note Wellness, Wearables, Health Care
WA4STEAM
VC Fund
2 Spain Seed, Pre-Seed, Series A Health Care, Biotechnology, Artificial Intelligence $392k–$4.2M
Inveready
VC Fund
2 Spain, United States, United Kingdom Seed, Series A Software, Biotechnology, Health Care
Unconventional Ventures
VC Fund
2 Sweden, United Kingdom, Denmark Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
Capital Cell
VC Fund
2 Spain, France, United States Equity Crowdfunding, Seed Health Care, Biotechnology, Medical $137k–$1.9M
Banco Sabadell
VC Fund
2 Spain, United Kingdom, Mexico Seed, Debt Financing Software, E-Commerce, Internet $252k–$1.4B
Innogest Capital
VC Fund
2 Italy, United States, Spain Series A, Series B Health Care, Medical, Medical Device $1.1M–$29M
Murcia Emprende
VC Fund
2 Spain Seed Biometrics, Health Care, Medical Device $1.1M–$2.1M
SODENA
VC Fund
2 Spain, United Kingdom Debt Financing, Seed Health Care, Biotechnology, Manufacturing $37k–$922k
Orza Investments
VC Fund
2 Spain Seed, Venture - Series Unknown Medical, Biotechnology, Medical Device $1.1M–$5M
Ancora Finance Group
VC Fund
2 Spain, Germany Series A Medical, Medical Device, Health Care $2.6M–$33M
AA Sons
VC Fund
2 France, United States, Israel Seed, Series A Software, E-Commerce, Health Care $1.1M–$33M
Alta Life Sciences
VC Fund
2 Spain, United States Series A, Series B Biotechnology, Health Care, Medical Device $3M–$87M
Nara Capital
VC Fund
2 Spain Seed, Venture - Series Unknown, Series A Life Science, Biotechnology, Medical $394k–$7.3M
GENESIS Ventures
VC Fund
2 Spain Seed Health Care, Medical Device, Medical $772k–$1.3M
Wellington Partners
VC Fund
2 Germany, United States, United Kingdom Series A, Series B Health Care, Biotechnology, Medical $3.1M–$55M
CDTI
VC Fund
2 Spain, United States, Mexico Seed, Debt Financing Software, Information Technology, Health Care $274k–$2.6M
Ysios Capital
VC Fund
2 Spain, United States, Switzerland Series A, Series B, Series C Biotechnology, Health Care, Medical $3.8M–$135M
Zürcher Kantonal Bank
VC Fund
1 Switzerland, Japan, Spain Seed, Series A Health Care, Medical Device, Biotechnology
AVANTECA Partners
VC Fund
1 Spain, Switzerland Seed Biotechnology, Health Care, Security
BAGi
VC Fund
1 Spain, Norway, Switzerland Seed, Angel Internet, Health Care, Information Technology
Alma Mundi Ventures
VC Fund
1 Spain, United States, United Kingdom Series A, Seed, Series B Software, InsurTech, Insurance $1.1M–$120M
Omega Funds
VC Fund
1 United States, Switzerland, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $14M–$208M
Vsquared Ventures
VC Fund
1 Germany, United States, Switzerland Seed, Series A Artificial Intelligence, Semiconductor, Manufacturing $4.2M–$66M
Bexen Cardio
VC Fund
1 Spain Seed Health Care, Medical Device
EIT Health
VC Fund
1 United Kingdom, Spain, Ireland Grant, Pre-Seed, Seed Health Care, Medical Device, Medical $22k–$1.6M
MTIP AG
VC Fund
1 United States, United Kingdom, Spain Series A, Series B, Series C Health Care, Artificial Intelligence, Medical $1.5M–$80M
Peroxfarma
VC Fund
1 Spain Debt Financing Health Care, Biotechnology, Digital Media
Creas
VC Fund
1 Spain Seed, Series A Baby, Medical, Agriculture
Advanced MedTech Holdings (AMTH)
VC Fund
1 Spain, United States Series A Biotechnology, Wearables, Health Care
Santander
VC Fund
1 Spain, United Kingdom, United States Debt Financing, Post-IPO Debt, Seed Energy, Renewable Energy, Financial Services $100k–$1.5B
Seed Capital Bizkaia
VC Fund
1 Spain, Mexico, Belgium Seed, Series A Software, Biotechnology, Health Care $119k–$14M
Fundacion Botin
VC Fund
1 Spain Seed Biopharma, Therapeutics, Biotechnology $678k–$1.4M
Access all 159 VC funds in Spain Medical Device startups.

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

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Investor list

Centre for the Development of Industrial Technology (CDTI)
VC Fund · Madrid, Madrid, Spain · 9 investments in Spain Medical Device startups, 33 in the past 12 months

The Center for Industrial Technological Development (CDTI) is a public corporation under the Ministry of Economy and Competitiveness, which promotes innovation and technological development of Spanish companies. Is the entity which channels requests for funding and support to projects I + D + i of Spanish companies in the national andinternational levels. The CDTI has a staff of more than 300 people formed three quarters of engineers and graduates. Although the bulk of the infrastructure of the CDTI is located in Madrid, the Centre offers Spanish companies a strategic network of offices and representatives abroad (Japan -SBTO (Spain Business and Technology Office) - Belgium -SOST (Spain Office of Science and Technology) and Permanent Secretariat Eureka-, Brazil -FINEP (Financier of Studies and Projects) -, Korea, Chile, Morocco, China, India, Mexico and USA) to support them in their technological activities of type int .

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Seed
  • Geography: Spain, United States, France

Investor stats

  • Total investments: 198
  • Round size: Seed $562k–$5.9M; Grant $157k–$16M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Xoople — Xoople operates as an earth intelligence company. Xoople powers the next generation of Earth data intelligence to achieve a systematic understanding of physical changes on the Earth’s surface.
  • Orga AI — Organ AI creates generative artificial intelligence that will help people. Its headquarters is located in Palma De Mallorca, Islas Baleares, Spain.
  • Golden Owl
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ENISA
VC Fund · Madrid, Madrid, Spain · 6 investments in Spain Medical Device 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: 219
  • Round size: Seed $76k–$2.1M; Pre-Seed $188k–$1.2M; Debt Financing $66k–$549k
  • 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
  • DARWIN Biomed — Biomedical Engineering
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BeAble Capital
VC Fund · Madrid, Madrid, Spain · 6 investments in Spain Medical Device startups

BeAble Capital is a Science Equity Fund, therefore it is a pre-seed, seed and early stage venture capital management company specialized in the identification, valuation, launch and development of technologies in the sectors of advanced materials (nanotechnology and biotechnology), photonics, micro and nano electronics and Information andcommunications technologies (ICT) platforms.It acts as the link between scientific, entrepreneurial and investing worlds to promote the transfer of technology, the creation and the development of technology-based companies (start-ups) from private equity. The company is focused on strong intelectual property and long R&D background projects. Their work provide value at different stages of development by offering support in strategic points such as the identification of technologies, valuation, transfer, companies creation, fundraising, marketing, internationalization and administrative and managerial expertise.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Software
  • Stage:Pre-Seed, Seed
  • Geography: Spain, Italy

Investor stats

  • Total investments: 69
  • Round size: Seed $154k–$1.2M; Pre-Seed $124k–$274k
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — raised $37M in 2016

Portfolio highlights

  • Molecular Gate — Molecular Gate refer to an innovative class of small-molecule drugs developed by Gate Bioscience. These drugs target the secretory translocon (Sec61 channel) in cells to selectively block and degrade harmful extracellular proteins before they can be secreted and cause disease.
  • Bioinspired Materials — Bioinspired Materials is a Biotech-based entrepreneurship project with the participation of the Universitat Pompeu Fabra. The company develops wastewater valorization that produces biological products of high value in the market. BIOM was founded in 2019 and is based in Barcelona, Spain.
  • Ars Magna Semiconductors — Ars Magna Semiconductors develops semiconductor chips designed for decentralized artificial intelligence applications. The company's technology operates with low energy consumption, real-time processing, and enhanced data privacy by reducing the number of operations and hardware requirements. Their chips address the global semiconductorshortage while enabling more efficient AI processing with reduced computational overhead.
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Criteria Venture Tech
VC Fund · Barcelona, Catalonia, Spain · 6 investments in Spain Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 151
  • Round size: Seed $256k–$3.8M; Series A $1.9M–$21M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Barbara — Barbara is the Cybersecure Industrial Edge Platform that enables companies to connect, deploy and scale gateways and edge applications in a few clicks
  • Minoryx Therapeutics — Minoryx is focused on the discovery and development of novel treatments for severe, orphan diseases of the central nervous system with high unmet medical need.
  • iPronics — iPronics develops the innovative concepts of general-purpose integrated programmable photonic systems.
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Clave Capital
VC Fund · Pamplona, Navarra, Spain · 5 investments in Spain Medical Device startups

Clave is an investment management company.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Spain, Chile, Switzerland

Investor stats

  • Total investments: 42
  • Round size: Seed $462k–$5.5M; Series A $3.2M–$16M; Venture - Series Unknown $541k–$7.1M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $53M in 2023

Portfolio highlights

  • D-Sight — D-Sight is an early treatment for the leading cause of preventable blindness in the working-age population.
  • Pharmacelera — Improving pharmaceutical R+D productivity through a lean drug discovery process based on advanced computational methodologies.
  • BQC Redox Technologies — Assay kits and devices for rapid and easy quantification of REDOX parameters or biomarkers
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BStartup
VC Fund · Sant Cugat Del Vallès, Catalonia, Spain · 5 investments in Spain Medical Device startups

A Banc Sabadell initiative to support young companies in developing their projects. Bstartup is designed to support entrepreneurs so their projects can be developed with maximum guarantees of success. - Investment and growth - Specialized products and branches - Collaborative innovation

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Mexico, United States

Investor stats

  • Total investments: 82
  • Round size: Seed $110k–$2.2M; Pre-Seed $219k–$900k
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • TietAI — TietAI builds healthcare data interoperability infrastructure for hospitals, research networks and life sciences. The platform, Hydra, is split into two products. Hydra Connects is non-medical-device middleware for clinical data exchange across HL7v2, FHIR, DICOM, OMOP, X12 and CDA. Hydra Agentic is a high-risk AI system under the EU AI Act,designed for clinical agentic workflows.
  • Energiot — Energiot specialized engineering service in energy harvesting, self-powered devices, wireless sensor networks.
  • Floatech — Discover Floatech: Boosting lithium-ion batteries with sustainable, high-performance silicon anodes. Explore our innovative technology.
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Asabys Partners
VC Fund · Barcelona, Catalonia, Spain · 5 investments in Spain Medical Device startups

Asabys Partners is a venture capital firm that invests across the board in human healthcare. The company is active in the health-tech and biopharma industries and aims to invest in Spain and abroad in innovative and transformative technologies. Asabys Partners are motivated by the idea of pushing the boundaries of science and medicine. This is donethrough the sourcing and financing of the most disruptive technologies, and through the collaboration with the best internal and external talents of our industry.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical Device
  • Stage:Series A, Series B, Seed
  • Geography: Spain, France, Belgium

Investor stats

  • Total investments: 38
  • Round size: Seed $1.2M–$13M; Series A $7M–$55M; Series B $18M–$135M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $117M in 2022

Portfolio highlights

  • Orikine Bio — Orikine Bio is a pioneer biotech company in the field of tailored cytokines with unmatched biological properties for the treatment of immune-mediated disorders.
  • Splice Bio — Splice Bio is a gene therapy company based on technology developed in the Muir Lab at Princeton University. The company is developing novel gene therapies based on its proprietary intein platform technology to treat patients that suffer from incurable genetic diseases. The company’s platform has the potential to address two existing limitations ofadeno-associated viruses (AAVs), both by increasing the size of the cargo gene that can be delivered and by expanding the range of tissues that can be targeted.
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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Bullnet Capital
VC Fund · Pozuelo De Alarcón, Madrid, Spain · 5 investments in Spain Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1M–$3.3M; Series A $587k–$11M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $47M in 2023

Portfolio highlights

  • FlexiiC — FlexiiC is a deep-tech firm developing printed, flexible integrated circuits for sustainable IoT and smart packaging solutions.
  • Bioherent — Photonic biosensors for drug allergy diagnosis
  • Impetux Optics — IMPETUX develops and markets patented technology to characterise the mechanical properties of living tissues and cells. We are focusing the application of our technology in fields like Mechanobiology where the study of diseases directly related with cell migration or development are demanding new techniques. We offer cutting-edge non-invasive to...
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ICF Capital
VC Fund · Barcelona, Catalonia, Spain · 4 investments in Spain Medical Device startups

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, Biotechnology
  • Stage:Debt Financing, Seed
  • Geography: Spain, United States, Mexico

Investor stats

  • Total investments: 110
  • Round size: Seed $1.1M–$6.9M; Debt Financing $110k–$549k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Salicru — Salicru offers energy optimization and protection of technological equipment that causes incidences in the electrical supply.
  • BRICKBRO — Currently, Brickbro is one of the leading real estate transactional platforms in the spanish market.
  • ATTSU — ATTSU is a machinery manufacturing company that offers steam boilers and thermal oil boilers for industrial purposes.
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CRB Inverbío
VC Fund · Madrid, Madrid, Spain · 4 investments in Spain Medical Device startups

CRB Inverbio is a private venture capital management firm specialized in life sciences investing in innovative early stage start- ups in biotech, med tech, digital health and medical technologies

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Seed
  • Geography: Spain, Italy, Mexico

Investor stats

  • Total investments: 14
  • Round size: Seed $3.3M–$5.3M; Series A $2.2M–$8.9M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $70M in 2010

Portfolio highlights

  • Nuubo — Nuubo is a Spanish medical device company that develops wireless, wearable technologies to monitor physiological parameters. To do so, Nuubo has a platform known as nECG DYNAMIC PLATFORM, which makes it easier to perform and read an electrocardiogram remotely. Specifically, the system patented by Nuubo is made up of three elements: a biomedicalgarment that allows the electrocardiogram signal to be captured without interfering with the patient’s daily activity; a device that continuously records the information captured by the garment and which also allows the data to be sent wirelessly and in real time for processing; and analysis and visualization software that, using artificial intelligence algorithms, can interpret all of the information transmitted by the wireless device.The devices designed by Nuubo allow patients’ hearts to be monitored for longer periods of time and without feeling uncomfortable or intrusive. The company is headquartered in Madrid, Spain.
  • Prosoma — Prosoma was born out a need to provide more comprehensive care for cancer patients. We have found a fundamental lack of access to psychological care for patients who not only have to face a life-altering disease and treatment, but also crucially have a different set of needs than other psychological patients. Barriers to accessing psychologicalcare often include low numbers of therapists and clinicians in the area, financial or geographical limitations, and the general wellbeing of patients preventing them from attending meetings. All of these issues can be solved by modern technology.By using VR as part of, or when necessary, an alternative to traditional psychological treatment, we can reach patients that would otherwise be left without any support. They can use our tool at home or in the clinics whilst undergoing pharmacological treatment and chemotherapy.We hope to provide patients with a tool that will help them manage stress, cope with the burden of cancer, and eventually improve their quality of life.
  • Carol — Carol is a tech-enabled healthcare provider delivering membership-based primary care services, on a mission to make high-quality healthcare accessible and affordable for everyone. To achieve this goal, Carol leverages a highly scalable technology, combined with high quality clinical operations and a salaried provider model.
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Access 48,091 investors

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

Browse database — It's Free!
Clave Mayor
VC Fund · Pamplona, Navarra, Spain · 3 investments in Spain Medical Device startups

Clave Mayor is a management company of closed investment entities based in Navarra.

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Investment focus

  • Industry: Software, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Spain, Germany, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $262k–$5.5M; Series A $2.2M–$8.9M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • MOA — MOA make healthy food for a sustainable world that solves growing global food demands. They are establishing a new industry of sustainable food that solves growing global food demands without the need for arable land. They are focused on designing high-value, natural and nutritious food.
  • Ojer Pharma — Ojer Pharma engages in the research, development, production, and marketing of dermopharmaceutical products in Spain. It develops prescription medicines, cosmetics, and medical devices. The company has developed a vehiculization technology in the form of bioadhesive transparent gels, which acts as a sustained-release matrix of dermatologicalactives, such as lipophilics and hydrophilics.
  • Semi Zabala — Welcome to Semi Zabala, a pioneering semiconductor company dedicated to innovation and excellence. Our mission is to push boundaries and enhance technology, embodying our slogan: beyond the power. Explore our advanced solutions designed for a smarter, more connected future.
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Grow Venture Partners
VC Fund · Barcelona, Catalonia, Spain · 3 investments in Spain Medical Device startups

Venture Capital for Entrepreneurs with seasoned experts and advisors to succed in creating value in a meaningful way. Coaching and Mentoring Ideas People

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Spain

Investor stats

  • Total investments: 25
  • Round size: Seed $549k–$9.5M; Pre-Seed $106k–$2.5M; Venture - Series Unknown $218k–$794k
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Tirecat — Tirecat specialized in developing sophisticated tissue regeneration treatments to combat chronic and terminal diseases.
  • NSS Water
  • The Blue Box Biomedical Solutions — Pain-free, low-cost, sensitive, radiation-free device to detect breast cancer in urine
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CDTI Innovación's INNVIERTE program
VC Fund · Madrid, Madrid, Spain · 3 investments in Spain Medical Device startups, 27 in the past 12 months

CDTI Innovación's INNVIERTE program is part of the Spanish Science, Technology, and Innovation Strategy. This Strategy is one of the cornerstones around which the Government's R&D&I strategy for the upcoming years is built. It outlines the goals, changes, and actions that must be implemented across the R&D&I sector inorder to maximize its growth and effect.

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $266k–$6.4M; Venture - Series Unknown $330k–$16M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • MOA — MOA make healthy food for a sustainable world that solves growing global food demands. They are establishing a new industry of sustainable food that solves growing global food demands without the need for arable land. They are focused on designing high-value, natural and nutritious food.
  • Zoundream — The Future of Infant Care
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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EASO Ventures
VC Fund · San Sebastian, Pais Vasco, Spain · 3 investments in Spain Medical Device startups, 7 in the past 12 months

Easo Ventures es una Sociedad de Capital Riesgo Vasca y Privada, cuyo objetivo es invertir en Startups y PYMES con proyectos de crecimiento.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, Switzerland

Investor stats

  • Total investments: 76
  • Round size: Seed $266k–$3.2M; Venture - Series Unknown $54k–$5.3M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Energiot — Energiot specialized engineering service in energy harvesting, self-powered devices, wireless sensor networks.
  • DYNAMICS VR — Dynamics VR provides rehab software for clinics to tackle musculoskeletal pain and movement impairments caused by brain trauma.
  • DARWIN Biomed — Biomedical Engineering
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INNVIERTE ECONOMIA SOSTENIBLE SICC SME SA
VC Fund · 3 investments in Spain Medical Device startups

Investment focus

  • Industry: Semiconductor, Optical Communication, Apps
  • Stage:Series A, Grant, Pre-Seed
  • Geography: Spain

Investor stats

  • Total investments: 10
  • Round size: Series A $587k–$1.5M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Basquevolt — Basquevolt is a leader in solid state battery technology.
  • FYLA — At FYLA we create unique All-fiber Ultrafast pulsed lasers by Joining Singularity with Quality. Discover our multiphoton and two photon lasers!
  • A4CELL — A4CELL is a company that develops SPAchip (Suspended Planar-Array Chips) that helps to monitor living single cell.
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Banc Sabadell and the Institut Català de Finances (ICF)
VC Fund · 2 investments in Spain Medical Device startups

Banc Sabadell and the Institut Català de Finances (ICF)

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Investment focus

  • Industry: Wellness, Health Care, Medical Device
  • Stage:Pre-Seed, Series A, Post-IPO Debt
  • Geography: Spain

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Cafler — Your car's personal assistant. Ask for a Cafler now, we move your car for you!
  • Amelia Virtual Care — Psious develops a virtual reality platform designed to bring value to mental health treatment. The company's platform uses hyper-realistic virtual environments to treat anxiety disorders by means of virtual exposure therapy, enabling professionals to improve mental health therapies.
  • NH Hoteles — NH Hotel Group is a consolidated travel and leisure hotel operator. It is one of the top 25 hotel chains in the world and one of the main ones in Europe, currently operating close to 400 hotels with almost 60,000 rooms in 31 countries in Europe, America, and Africa.
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CG Health Ventures
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device startups

CG Health Ventures is a venture capital firm that seeks to invest in the health IT, digital health and genomics domain.

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Investment focus

  • Industry: Health Care, Medical, mHealth
  • Stage:Series A, Seed, Convertible Note
  • Geography: Spain, United States

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Babyscripts — Babyscripts is the turnkey virtual maternity care solution, increasing access to healthcare and improving maternal health outcomes.
  • Amelia Virtual Care — Psious develops a virtual reality platform designed to bring value to mental health treatment. The company's platform uses hyper-realistic virtual environments to treat anxiety disorders by means of virtual exposure therapy, enabling professionals to improve mental health therapies.
  • Cercle — We transform healthcare data at scale into high-quality insights so our customers can run more efficiently and provide more personalized care
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ENDRA
VC Fund · London, England, United Kingdom · 2 investments in Spain Medical Device startups

ENDRA is an investment firm.

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Investment focus

  • Industry: Wellness, Wearables, Health Care
  • Stage:Series A, Convertible Note
  • Geography: Spain

Investor stats

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

Portfolio highlights

  • Amelia Virtual Care — Psious develops a virtual reality platform designed to bring value to mental health treatment. The company's platform uses hyper-realistic virtual environments to treat anxiety disorders by means of virtual exposure therapy, enabling professionals to improve mental health therapies.
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WA4STEAM
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device startups

WA4STEAM is an all women angels investment group delivering worldwide access to seed capital for women entrepreneurs led startups in STEAM Science, Technology, Engineering , Architecture & Architecture and Mathematics

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain

Investor stats

  • Total investments: 21
  • Round size: Seed $392k–$4.2M; Pre-Seed $713k–$1.2M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Break-Event — Break-Event aids music industry professionals and businesses by transforming information into knowledge. They are dedicated to providing the product, enabling customers to make wiser decisions, and ensuring the performance of events.
  • Hair Up Laser — Making alopecia a problem of the past.
  • Genbioma — Genbioma is a biotechnology company transforming microbiome science into clinically validated postbiotics that support metabolic health, improve glucose control, and naturally activate the GLP-1 pathway.
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Inveready
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device 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, Health Care
  • Stage:Seed, Series A
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 134
  • Lead/follow: no public data

Portfolio highlights

  • Orbidi — Orbidi is a digital marketing agency that provides SEO, website building, and Google Maps integration services for businesses.
  • Ironchip — IRONCHIP means location-based security. We create cybersecurity solutions based on our exclusive unspoofable geolocation technology.
  • The Channel Store — The Channel Store is a company specializing in the creation, distribution, and monetization of various types of channels, particularly in the FAST (Free Ad-Supported Streaming TV) and AVOD (Ad-Supported Video on Demand) sectors. It operates as a B2B service provider that manages content negotiations, integration, and monetization for its partners,enabling broadcasters, content owners, telcos, and streaming services to access and distribute a wide range of live and on-demand content globally.
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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Spain Medical Device startups, 8 in the past 12 months

Unconventional Ventures invests in startups in the pre-seed and seed stage led by diverse founders identifying as women, people of color, immigrants and/or LGBTQ+, building scalable impact tech companies in the Nordics and beyond.

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Investment focus

  • Industry: Health Care, Software, Wellness
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, United Kingdom, Denmark

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.7M–$18M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Flox Intelligence — Wildlife intelligence for critical infrastructure.
  • AIRMO — AIRMO is supporting the direct emitters, decision makers and financial institutions to efficiently transition to Net-0 by monitoring their direct emissions from space. With our roots in innovation and a commitment to environmental responsibility, we aim to revolutionize GHG monitoring through advanced satellite technology, proprietary LiDARinstrument and data analytics. We exist to monitor and manage humanity's impact on Earth.
  • Digiclean Solutions — Digiclean Solutions is an industrial technology company that develops AI-powered chemical control systems for manufacturing.
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Capital Cell
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device startups

Capital Cell is a crowdinvesting platform for biotech and life sciences companies. Mixing VC, business angels, accredited investors, and the power of the crowd, the company is building a global meeting point for companies and researchers working, fostering, and financing tomorrow’s medical science.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Equity Crowdfunding, Seed
  • Geography: Spain, France, United States

Investor stats

  • Total investments: 51
  • Round size: Seed $384k–$1.9M; Equity Crowdfunding $137k–$1.3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • DYNAMICS VR — Dynamics VR provides rehab software for clinics to tackle musculoskeletal pain and movement impairments caused by brain trauma.
  • Axoltis Pharma — Axoltis Pharma is a biotech company that develops drugs for degenerative and traumatic neurological disorders.
  • EVis Bioscience — EVis Bioscience offers gene delivery solutions using extracellular vesicles, lipid nanoparticles, and hybrid systems.
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Banco Sabadell
VC Fund · Alicante, Comunidad Valenciana, Spain · 2 investments in Spain Medical Device startups, 11 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
  • Geography: Spain, United Kingdom, Mexico

Investor stats

  • Total investments: 74
  • Round size: Seed $252k–$6.5M; Debt Financing $2M–$1.4B
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Energiot — Energiot specialized engineering service in energy harvesting, self-powered devices, wireless sensor networks.
  • 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.
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Innogest Capital
VC Fund · Milan, Lombardia, Italy · 2 investments in Spain Medical Device startups

We are investors in companies that make the difference. We partner with hard-working entrepreneurial visionaries

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Series A, Series B
  • Geography: Italy, United States, Spain

Investor stats

  • Total investments: 68
  • Round size: Series A $1.1M–$11M; Series B $2.7M–$29M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $99M in 2015

Portfolio highlights

  • Newronika — Newronika restores brain and body functions with innovative technologies. We translate our deep knowledge on biosignal decoding into clinical practice, with the aim of improving treatments, health, and wellness. With our revolutionary brain devices, the patient receives the right stimulation at the right moment, thus becoming able to perform normaldaily activities and improve quality of life. Newronika is the spin-off company of two leading research institutions in Italy, the Fondazione IRCCS Ca' Granda Ospedale Maggiore Policlinico Hospital and the University of Milan. ​ Newronika comprises a multidisciplinary team formed from Neuroscience research groups and involves scientists with expertise in neurophysiology, neurology, biomedical engineering, neuropsychology, bioinformatics, and biotechnologies.
  • Prestiamoci — Prestiamoci is the first community of loans between individuals born in Italy, allowing you to make profitable investment and to obtain loans with installments transparent.With Prestiamoci the providers invest and get Claimants, returning to its original role of the bank safe. Loans shall be paid by people to trustworthy people who want toachieve their life projects, grow their professional activity, better manage expenses and major purchases
  • BetaGlue Technologies — BetaGlue Therapeutics develops innovative targeted cancer therapy solutions using its proprietary YntraDose technology for nuclear medicine.
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Murcia Emprende
VC Fund · 2 investments in Spain Medical Device startups

Financing initiatives of entrepreneurs and growing companies.

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Investment focus

  • Industry: Biometrics, Health Care, Medical Device
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 4
  • Round size: Seed $1.1M–$2.1M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Inbentus — Inbentus provides mechanical ventilation and other medical devices. They provide support and consulting services for the development of medical products. They provide information on mechanical ventilation systems. They develop the respirator with the support of the RIS3MUR program. They also provides technical support services.
  • Biometric Vox — Biometric Vox is development of applications for fast and secure identification by voice.
  • Viva In Vitro — Viva In Vitro is a health care company.
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SODENA
VC Fund · Pamplona, Navarra, Spain · 2 investments in Spain Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 88
  • Round size: Seed $110k–$922k; Debt Financing $37k–$743k
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • DARWIN Biomed — Biomedical Engineering
  • Opportunity Health — Self-Applicable & Life-Saving | Fast, safe, and effective in emergencies | Contact us! | Opportunity Health
  • 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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Orza Investments
VC Fund · San Sebastian, Pais Vasco, Spain · 2 investments in Spain Medical Device startups

ORZA is a direct investment entity, part of the ELKARKIDETZA and GEROA pension funds, which deals with the acquisition of shares in businesses.It supports the Basque business sector through expansion and internationalisation projects, MBO and MBI transactions, to resolve questions of corporate succession and in the substitution of minorityshareholders.

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Investment focus

  • Industry: Medical, Biotechnology, Medical Device
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain

Investor stats

  • Total investments: 7
  • Round size: Seed $1.1M–$5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • SATLANTIS — Scientific space technology for Earth observation and space monitoring, delivering reliable observational data.
  • Mikrobiomik — Mikrobiomik is a biopharmaceutical company that provides innovative solutions for chronic diseases.
  • Deneb Medical — Deneb Medical is a start-up dedicated to developing a robotic platform for applications in neurosurgery, CMF surgery, head and neck surgery, urology and general surgery.
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Ancora Finance Group
VC Fund · London, England, United Kingdom · 2 investments in Spain Medical Device startups

Ancora Finance Group is an international management consulting firm that offers unparalleled leadership, strategic, and operational advice. Their focus on financial services is deeply rooted in the DNA of their company as it comes from their people. They are based in London and Singapore, providing unparalleled leadership, strategic andoperational solutions for the financial services industry. Their experience, expertise, and approach combine consulting and knowledge transfer.

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Investment focus

  • Industry: Medical, Medical Device, Health Care
  • Stage:Series A
  • Geography: Spain, Germany

Investor stats

  • Total investments: 3
  • Round size: Series A $2.6M–$33M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Koa Health — Make mental health manageable, treatable, and approachable for every industry and every individual with clinical-first care designed by experts. From evidence-based self-care and prevention through clinical treatment and therapy, Koa Health supports workforce wellbeing across the continuum.
  • Atlas Medical Technologies — Atlas Medical Technologies is a manufacturing company that develops navigation systems for medical doctors for radiology and orthopedics.
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AA Sons
VC Fund · London, England, United Kingdom · 2 investments in Spain Medical Device startups

Bengkulutoto hadir sebagai solusi ideal bagi para pencinta angka jitu. Dengan predikat sebagai bandar togel online terlengkap, situs ini menawarkan keunggulan berupa proses deposit super cepat, serta sistem bermain yang adil dan transparan.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Series A
  • Geography: France, United States, Israel

Investor stats

  • Total investments: 104
  • Round size: Seed $1.1M–$9M; Series A $6M–$33M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • HUG — Join our global creative community to showcase & sell your art, connect with others, and access creator-friendly grants and education.
  • Kate — Kate redefines everyday mobility by offering electric vehicles made in France.
  • Multiwave Technologies — More than 2/3 of humanity has no access to medical imaging Our mission is to make MRI available globally, through our ultra-low field mobile device.
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Alta Life Sciences
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device startups

Alta Life Sciences is a leading multistage venture capital investment firm. Alta LS will invest in companies at all stages of development: from seed financing through commercial growth. Alta LS invests in all areas of life sciences including biotechnology, medical devices, diagnostics, genomics and digital health.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical Device
  • Stage:Series A, Series B
  • Geography: Spain, United States

Investor stats

  • Total investments: 18
  • Round size: Series A $3M–$33M; Series B $14M–$87M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • DeepUll — DeepUll is a biotech company that focuses its activity on the development of a new diagnostic system for early-stage sepsis condition. DeepUll’s proposal is based on quickly identifying the pathogens and offering the antibiogram within a few hours on the one hand, and on using the data and learning about the patient’s immunological and functionalstatus on the other. The system allows doctors to predict the future appearance and evolution of sepsis within a short period of time and thus provide a suitable clinical response even before the symptoms arise.
  • Peptomyc — Peptomyc is a company focused on the development of a new generation of cell-penetrating peptides (CPPs) targeting the Myc oncoprotein for cancer treatment. The company was founded in December 2014 and it is based on Dr. Soucek’s scientific research in Omomyc (the best direct Myc inhibitor known to date) over the last twenty years.Currently,cancer incidence in the world exceeds 14 million cases per year and results in 8 million deaths annually. Moreover, such numbers are forecast to rise by 75% over the next 20 years (World Cancer Report. International Agency for Research on Cancer 2014). At the moment, standard therapies include surgery, radiotherapy, chemotherapy, and, in a restricted subset of cancers, precision medicine. Unfortunately, very often these therapies fail, due to the development of resistance.Peptomyc has adopted a different strategy based on the inhibition of the oncoprotein Myc, which is found deregulated in the majority of human cancers. Myc holds a non-redundant function in cancer around which tumors cannot evolve, hence targeting Myc is the most promising therapeutic opportunity to date. Although Myc plays a central role in cancer there is currently no Myc inhibitor in the market.
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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Nara Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Spain Medical Device startups

As asset managers, we invest on behalf of third parties. Our fear of losing their money is greater than the fear of losing an opportunity. Our investment style consists of value orientation, specialization and trust, applying our investment criteria in a disciplined way. We invest to transform the companies into industry leaders. With a hands-onapproach, Nara invests in assets enhancing its value with a long-term view. We are a highly experienced team with the patience and tenacity required to see deals through, committing our own money. We create value in a sustainable way, investing in a responsible way to generate a positive impact on the community. We analyze each investment in detail in order to create shared value for our investors, partners, customers, suppliers and workers.

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Investment focus

  • Industry: Life Science, Biotechnology, Medical
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Spain

Investor stats

  • Total investments: 10
  • Round size: Seed $394k–$7.3M; Venture - Series Unknown $1.9M–$3.3M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Aortyx — With a focus on aortic dissection, Aortyx has developed a bioresorbable endovascular patch designed to seal the entry tear, delivered through a proprietary dual-steerable catheter.
  • MiMARK — MiMARK focuses on improving the accuracy and efficiency of diagnostics for endometrial cancer, which is the sixth most commonly occurring cancer in women.1 As with many cancers, early and accurate detection of the disease is linked to increased survival, however currently around a third of endometrial cancer patients are diagnosed at the advancedstage.2 By improving the technology available for the diagnosis of endometrial cancer, MiMARK hopes to improve the speed and accuracy at which women can be diagnosed and effectively treated.
  • Neboda — We are an indoor vertical farming company that combines combines a scientific approach and an industrial automation background.
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GENESIS Ventures
VC Fund · 2 investments in Spain Medical Device startups

GENESIS Ventures is an investment vehicle located in Barcelona and built up in partnership with family offices. The new fund is sized in 610.000 € and will invest in recently created Start-ups or entrepreneurial projects with a clear aim to develop innovative products through the creation of a Start-up company in the biomedical and biotechnologicalfield (therapeutics, diagnostics, medical devices and others). The investment platform is envisaged as a very early-stage tool to help the development of excellent scientific projects to reach key value milestones to attract a first round of investment from venture or corporate funds.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 3
  • Round size: Seed $772k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Corify Care — CORIFY Care is a start-up funded by main world-wide experts on cardiac arrhythmias which is going to introduce in the market a novel medical device to non-invasively map cardiac arrhythmias in real time. This novel technology will improve the treatment in more than 10 million of atrial fibrillation patients only in Europe. Our non-invasiveelectro-anatomical mapping systems displays the activation patterns in each point of the heart without the need of invasive catheters, allowing the possibility to map all atrial fibrillation patients even during a regular visit to the cardiologist. CORIFY Care is located in Madrid, Spain, one of the most attractive places to work/live on the South of Europe.
  • Renalyse — Renalyse is the registered trade name of CreatSens Health S.L., a biotechnology company focusing on the development of medical platforms.
  • ABLE Human Motion — Next-generation exoskeleton technology to enable mobility for all.
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Wellington Partners
VC Fund · Munich, Bayern, Germany · 2 investments in Spain Medical Device startups

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 196
  • Round size: Series A $3.1M–$33M; Series B $7.7M–$55M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $222M in 2019

Portfolio highlights

  • nyra health — myReha is an artificial intelligence and evidence-based neurological research tablet app that offers a revolutionary form of therapy. myReha was founded in 2020 and was headquartered in Vienna, Austria.
  • Nuclidium — NUCLIDIUM is a clinical-stage radiopharmaceutical company that develops novel radionuclide PET tracers for precision diagnostics. Using copper isotopes, Copper-61 for diagnostics and Copper-67 for therapeutics, the company is creating a differentiated platform with the potential to overcome existing limitations in radiotheranostics.
  • Beren Therapeutics — Beren Therapeutics is a biotechnology company that develops innovative therapies to make them accessible to every patient. The company was founded in 2020 and is based in Thousand Oaks, CA.
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CDTI
VC Fund · Ventura, California, United States · 2 investments in Spain Medical Device 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:Seed, Debt Financing
  • Geography: Spain, United States, Mexico

Investor stats

  • Total investments: 34
  • Round size: Seed $285k–$2.6M; Debt Financing $274k–$472k
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • 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.
  • SummuS Render — SummuS is a render farm, who offers 3D rendering and massive computing capabilites as a service. Companies demanding massive calculations for short periods of time can hire either the infraestructure or they can pay a price per Ghz per hour. This service allows them to avoid huge costs in hardware, personnel and system maintenance.
  • Atlas Molecular Pharma — Latest News Your browser does not support the video tag.
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Ysios Capital
VC Fund · San Sebastian, Pais Vasco, Spain · 2 investments in Spain Medical Device startups

Leading #lifesciences #venturecapital firm financing highly #innovative #biotechnology companies #worlwide.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Spain, United States, Switzerland

Investor stats

  • Total investments: 81
  • Round size: Series A $3.8M–$61M; Series B $20M–$135M; Series C $27M–$80M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • AM Pharma — AM-Pharma B.V., a biopharmaceutical company, engages in the development and commercialization of therapeutics for human use in the Netherlands. It focuses in the pre-clinical and clinical development of novel therapeutics to treat inflammatory and infectious diseases. The company develops products based on endogenous proteins and protein derivedpeptides, as well as molecules that naturally occur in the human body. Its products include alkaline phosphatase for treatment of acute kidney injury and ulcerative colitis; and immune response amplifying peptide hLF1-11 for the treatment of drug resistant hospital acquired infections. The company was founded in 2000 and is headquartered in Bunnik, the Netherlands.
  • Splice Bio — Splice Bio is a gene therapy company based on technology developed in the Muir Lab at Princeton University. The company is developing novel gene therapies based on its proprietary intein platform technology to treat patients that suffer from incurable genetic diseases. The company’s platform has the potential to address two existing limitations ofadeno-associated viruses (AAVs), both by increasing the size of the cargo gene that can be delivered and by expanding the range of tissues that can be targeted.
  • Synendos Therapeutics — Synendos Therapeutics is a biopharmaceutical company that aims to develop breakthrough safe and effective therapies for unmet needs in neuropsychiatric disorders through modulation of a new drug target in the endocannabinoid system that enables restoration of natural functioning of the brain.
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Zürcher Kantonal Bank
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Spain Medical Device startups

Zürcher Kantonalbank is an independent, incorporated public-law institution is its public service mandate. Enshrined in law, it governs the bank's economic, social, and environmental commitment.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Seed, Series A
  • Geography: Switzerland, Japan, Spain

Investor stats

  • Total investments: 172
  • Lead/follow: no public data

Portfolio highlights

  • BTRY — BTRY is a spin-off of EMPA and ETH and is developing the industry's first energy-dense solid-state battery, using sophisticated semiconductor manufacturing technologies.
  • TestResults — TestResults uses the TrueTest technology and AI-based virtual user that makes it possible for the first time to test autonomously across software, system, and technology boundaries from a user perspective with the same approach. The company has simplified automated testing massively and reduced time radically. With it, the automation andmaintenance effort is reduced to a minimum that allows zero flakiness and the enlightening feeling of being in control of automation and test scenarios.
  • QualySense — QualySense is a Swiss start-up company focused on innovative high-throughput grain, beans and seeds sorting technology. QualySense develops a high-speed multi-tons per hour sorting device, which will change how grains, beans and seeds are processed and valued worldwide by assessing the biochemical quality of grains one by one. The QualySensesorters will enable customers to separate grain batches into different biochemical quality classes and sell the corresponding premium products at higher average prices. Food processors will be able to considerably increase the production value, and produce higher quality products in a non-interrupted process.
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AVANTECA Partners
VC Fund · Basel, Basel-Stadt, Switzerland · 1 investments in Spain Medical Device startups

A privately held asset management company that invests in early-stage life science companies.

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Investment focus

  • Industry: Biotechnology, Health Care, Security
  • Stage:Seed
  • Geography: Spain, Switzerland

Investor stats

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

Portfolio highlights

  • Bearmind — Bearmind developing technology for monitoring and real-time analysis of head impact in athletes.
  • Nanoligent — Explore how Nanoligent uses cutting-edge technology to design precision medicines, enhancing treatment efficacy and patient outcomes.
  • Onena Medicines — Onena Medicines is a biotechnology company that creates innovative biological medicines to address the large unmet clinical need for breast cancer and other serious orphan illness.
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BAGi
VC Fund · Girona, Catalonia, Spain · 1 investments in Spain Medical Device startups

BAGi is the first business angels network created for invest on Startups with direct impact on Girona's region.

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Investment focus

  • Industry: Internet, Health Care, Information Technology
  • Stage:Seed, Angel
  • Geography: Spain, Norway, Switzerland

Investor stats

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

Portfolio highlights

  • Aniling — Aniling developing its worldwide patent of the second generation genomic analysis and epigenomic.
  • Petoons Studio — Petoons Studio is a developer of transmedia projects startup.
  • The Smart Lollipop — The Smart Lollipop is a non-intrusive medical device in the shape of a lollipop with the goal to detect diseases with a single saliva sample.
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Alma Mundi Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Medical Device 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: 114
  • Round size: Seed $1.1M–$6.7M; Series A $2.7M–$30M; Series B $5.5M–$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.
  • Ole Insurance Group — Ole Insurance Group focuses on offering protection and well-being products and services through technology. Ole Insurance Group was founded in 2021 and was headquartered in Puerto Rico.
  • Epoch Biodesign — Mellizyme Biotechnology is currently operating in stealth.
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Omega Funds
VC Fund · Boston, Massachusetts, United States · 1 investments in Spain Medical Device startups

We aim to invest in exceptional founders and entrepreneurs and impactful products and platforms across multiple therapeutic areas.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 154
  • Round size: Series A $16M–$197M; Series B $35M–$162M; Series C $14M–$208M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Attenua — 100% satisfaction guaranteed. Hassle-free shopping. We help you find the right domain name.
  • Ousia Pharma — Ousia Pharma is paving the way for novel therapeutic strategies using peptide-drug-conjugates
  • Andrew Alliance — OneLab is laboratory software to design and execute liquid handling protocols. Pipette+ for manual liquid handling pipetting and Andrew+ the pipetting robot
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Vsquared Ventures
VC Fund · Munich, Bayern, Germany · 1 investments in Spain Medical Device startups

Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities.

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Investment focus

  • Industry: Artificial Intelligence, Semiconductor, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, United States, Switzerland

Investor stats

  • Total investments: 72
  • Round size: Seed $4.2M–$13M; Series A $15M–$66M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • AlphaLum — Holographic-optic combiners and ultra-low-power interferometric laser sensors enabling all-day wearable AR and intelligent systems at scale.
  • constellr — Smart Farming and Climate Monitoring from Space. At constellr, we are using cutting-edge beyond-visual imaging technology to revolutionise the way we assess crucial aspects of our planet's health.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Bexen Cardio
VC Fund · Ermúa, Pais Vasco, Spain · 1 investments in Spain Medical Device startups

Bexen Cardio develops the latest-generation technologies and devices for critical cardiorespiratory situations.

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Investment focus

  • Industry: Health Care, Medical Device
  • Stage:Seed
  • Geography: Spain

Investor stats

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

Portfolio highlights

  • Corify Care — CORIFY Care is a start-up funded by main world-wide experts on cardiac arrhythmias which is going to introduce in the market a novel medical device to non-invasively map cardiac arrhythmias in real time. This novel technology will improve the treatment in more than 10 million of atrial fibrillation patients only in Europe. Our non-invasiveelectro-anatomical mapping systems displays the activation patterns in each point of the heart without the need of invasive catheters, allowing the possibility to map all atrial fibrillation patients even during a regular visit to the cardiologist. CORIFY Care is located in Madrid, Spain, one of the most attractive places to work/live on the South of Europe.
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EIT Health
VC Fund · Munich, Bayern, Germany · 1 investments in Spain Medical Device startups

EIT Health is a network of best-in-class health innovators backed by the EU. We deliver solutions to enable European citizens to live longer, healthier lives.

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Grant, Pre-Seed, Seed
  • Geography: United Kingdom, Spain, Ireland

Investor stats

  • Total investments: 97
  • Round size: Seed $220k–$1.4M; Grant $22k–$1.6M; Pre-Seed $44k–$1.4M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • IDOVEN — IDoven develops products to detect heart problems at an early stage to prevent heart diseases.
  • Noah Labs — A breakthrough for heart failure: Noah Labs Ark is a Class IIa Medical Device Software with AI-driven detection of early cardiac decompensation through voice.
  • Trak — Trak is a software tool for healthcare professional to provide AI-based tele-rehabilitation services like physiotherapy and others.
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MTIP AG
VC Fund · Basel, Basel-Stadt, Switzerland · 1 investments in Spain Medical Device startups

MTIP is a growth capital investor that specializes in scaling up healthtech companies in rapidly expanding global markets. Visit our website!

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Spain

Investor stats

  • Total investments: 24
  • Round size: Series A $1.5M–$33M; Series B $10M–$30M; Series C $27M–$80M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $250M in 2021

Portfolio highlights

  • TrialBee — Trialbee is revolutionizing clinical trials with innovative global patient recruitment solutions. Streamline your recruitment process today.
  • Koa Health — Make mental health manageable, treatable, and approachable for every industry and every individual with clinical-first care designed by experts. From evidence-based self-care and prevention through clinical treatment and therapy, Koa Health supports workforce wellbeing across the continuum.
  • Intelligencia AI — Intelligencia is an enterprise SaaS company that applies Machine Learning to assess and mitigate the risk in clinical development strategy/design.
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Peroxfarma
VC Fund · 1 investments in Spain Medical Device startups

Peroxfarma is a pharmaceutical company that contributes to improving the health and quality of life of people. It launches the primer digital electronic monitor of arterial pressure, vital in the prevention and monitoring of cardiovascular diseases. Today, the group is more committed than ever to innovating and improving the quality of life ofpeople through all its business areas.

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Investment focus

  • Industry: Health Care, Biotechnology, Digital Media
  • Stage:Debt Financing
  • Geography: Spain

Investor stats

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

Portfolio highlights

  • Devicare — Devicare designs point-of-care medical devices that monitor, diagnose and treat chronic diseases. The company's medical devices are useful in measuring the level of biomarkers in body fluids such as saliva, tears, sweat, sputum, feces, urine or blood, enabling medical professionals to detect and treat various infectious diseases.
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Creas
VC Fund · Mersin, Mersin, Turkey · 1 investments in Spain Medical Device startups

Creas is an online platform that offers web design, graphic design, and software solutions for its users.Its current chain of services includes: web design, graphic design, software, e-commerce site, advertising photo, google ad, facebook ad, SEO solutions, server services, virtual power plants, banner design, and printing solutions. Creasalso conducts an after sales special training session for its customers.Creas was launched in 2004.

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Investment focus

  • Industry: Baby, Medical, Agriculture
  • Stage:Seed, Series A
  • Geography: Spain

Investor stats

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

Portfolio highlights

  • Smileat — Smileat is an organic baby food brand. Smileat is present in more than 3000 point of sales. They are strongly implemented in Spain and they also started selling in Portugal, France, Italy and Hong Kong
  • Koa Health — Make mental health manageable, treatable, and approachable for every industry and every individual with clinical-first care designed by experts. From evidence-based self-care and prevention through clinical treatment and therapy, Koa Health supports workforce wellbeing across the continuum.
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Advanced MedTech Holdings (AMTH)
VC Fund · Singapore, Central Region, Singapore · 1 investments in Spain Medical Device startups

Advanced MedTech Holdings (AMTH) is an investment firm.

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Investment focus

  • Industry: Biotechnology, Wearables, Health Care
  • Stage:Series A
  • Geography: Spain, United States

Investor stats

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

Portfolio highlights

  • AWAK Technologies — Our breakthrough technologies, including wearable and home-based dialysis devices and digital solutions, are designed to enhance the lives of people with kidney disease and their caregivers.
  • Devicare — Devicare designs point-of-care medical devices that monitor, diagnose and treat chronic diseases. The company's medical devices are useful in measuring the level of biomarkers in body fluids such as saliva, tears, sweat, sputum, feces, urine or blood, enabling medical professionals to detect and treat various infectious diseases.
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Santander
VC Fund · Madrid, Madrid, Spain · 1 investments in Spain Medical Device startups, 45 in the past 12 months

Our purpose is to help people and businesses prosper. We strive to make all we do Simple, Personal and Fair.

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Investment focus

  • Industry: Energy, Renewable Energy, Financial Services
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: Spain, United Kingdom, United States

Investor stats

  • Total investments: 146
  • Round size: Seed $100k–$5.5M; Post-IPO Debt $14M–$1.5B; Debt Financing $16M–$1.4B
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $658M in 2019

Portfolio highlights

  • Naturmet — Naturmet is a Spanish company under the Oleofat Group, specializing in the production of biomethane and the valorization of organic waste into biofertilizers. The firm focuses on rural circular economy projects, developing multiple processing sites across Spain for anaerobic digestion and biogenic CO₂ capture.Naturmet has sought to bring a circulareconomy model to rural areas, focused on reducing greenhouse gas emissions and connecting those areas with industry through carbon-neutral or even negative-emission fuels.
  • 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.
  • BATZ — BATZ is focused on the design and manufacturing of products that help the reduction of CO2 emissions aligned with the main automotive sector trends. Their broad expertise in the design and manufacturing of composite lightweight structures through new materials and processes and active aerodynamic components; together with their qualification andacknowledgement in the design and manufacturing of mechanical and mechatronic control systems, turn BATZ into a first-class supplier to leading automotive OEMs. Besides, they develop solutions for the implementation of new advanced materials improving their forming processes in a comprehensive range of steel and aluminum, both in hot and cold forming, offering a comprehensive service that ranges from the conceptual design of the product to its try out and commissioning.
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Seed Capital Bizkaia
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Spain Medical Device 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, Health Care
  • Stage:Seed, Series A
  • Geography: Spain, Mexico, Belgium

Investor stats

  • Total investments: 34
  • Round size: Seed $119k–$2.9M; Series A $2.7M–$14M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • NNEAT — NNEAT operationalizes Continuous Threat Exposure Management (CTEM) and powers MITRE ATT&CK®-aligned Threat-Informed Defense (TID).
  • Emica Solar — Emica Solar is a company which develops the floating solar energy.
  • Revenant Industrial & Ports Machinery — Revenant returning to the revolution in internal logistics, container manipulators, and the remanufacturing of large tonelaje carretillas.
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Fundacion Botin
VC Fund · Santander, Cantabria, Spain · 1 investments in Spain Medical Device startups

The Botín Foundation is a private charitable foundation that explores new development to generate creative talent betting forms.

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Investment focus

  • Industry: Biopharma, Therapeutics, Biotechnology
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 2
  • Round size: Seed $678k–$1.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Innitius — AI-powered obstetric diagnostics for improved preterm birth risk assessment.
  • Oniria Therapeutics — Modulating cell dormancy to overcome cancer persistence
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Medical Device VC funding in Spain at a glance

Stats across 174 deals from 159 investors.

159
investors
in Spain Medical Device startups
174
deals
in Spain Medical Device startups
$798k
median round
in Spain Medical Device startups
54%
lead investors
lead at least one round
21%
Seed
most common funding stage

Access all 159 VC funds in Spain Medical Device startups.

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