# Seed Capital Bizkaia

> Seed Capital Bizkaia is a VC fund in Bilbao backing Software and Biotechnology. See 37 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Bilbao, Spain
- Total investments: 37
- Last investment: Jul 2026
- Lead investor: 24%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/seed-capital-bizkaia
- Website: http://www.seedcapitalbizkaia.com

Seed Capital Bizkaia is a VC fund in Bilbao focused on Software and Biotechnology. 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.“.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $119k–$2.8M |
| Venture - Series Unknown | $1.2M–$18M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 16% |
| Biotechnology | 5 | 14% |
| Manufacturing | 5 | 14% |
| Health Care | 4 | 11% |
| Medical | 3 | 8% |

65 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 17 | 46% |
| Funding Round | 5 | 14% |
| Venture - Series Unknown | 4 | 11% |
| Series A | 2 | 5% |
| Private Equity | 2 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 28 | 76% |
| Mexico | 1 | 3% |
| Belgium | 1 | 3% |
| Switzerland | 1 | 3% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Walter Pack | Walter Pack is a manufacturer and seller of parts for the automotive industry. |  | Private Equity | Jul 16, 2026 |  |
| Sherpa.ai | Sherpa.ai, based in Bilbao and Silicon Valley, is a leader in Artificial Intelligence services. Among its AI services are the white-label conversational Digital Assistant, predictive technologies, and the most advanced AI framework applied to data privacy in the world. Plus, Sherpa.ai has been named one of the top 10 leading Artificial Intelligencecompanies in the world, alongside Google, Amazon, Microsoft, and IBM. In 2019, Tom Gruber, founder and ex-CTO of Siri, joined the team; and in 2020, marketing executive Joanna Hoffman, the former Marketing Director at Apple, became part of the team, along with Celestino García, the ex-Corporate Vice President of Samsung and current Vice President of Business Development at Sherpa.ai. Sherpa.ai’s Artificial Intelligence platform is designed to improve companies' results. Sherpa.ai has agreements with companies like Porsche, Volkswagen, Prisa, and Samsung, among others. To learn more about Sherpa.ai: http://www.sherpa.ai/ Sherpa Keynote 2020: https://www.youtube.com/watch?v=uPPvTCxg92o Sherpa.ai’s Response to COVID-19: https://www.youtube.com/watch?v=E65xMrrqwFM | $18M | Venture - Series Unknown | Jul 06, 2026 |  |
| NNEAT | NNEAT operationalizes Continuous Threat Exposure Management (CTEM) and powers MITRE ATT&CK®-aligned Threat-Informed Defense (TID). | $931.6K | Seed | Jan 14, 2026 |  |
| Revenant Industrial & Ports Machinery | Revenant returning to the revolution in internal logistics, container manipulators, and the remanufacturing of large tonelaje carretillas. | $3.7M | Seed | May 05, 2025 |  |
| Emica Solar | Emica Solar is a company which develops the floating solar energy. | $518.9K | Seed | Feb 28, 2025 |  |
| Begas Motor | Begas has designed and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS). Ability to remotorize vehicles and make them ecological with Euro VI certificate. | $18.6M | Private Equity | Feb 03, 2025 |  |
| Begas Motor | Begas has designed and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS). Ability to remotorize vehicles and make them ecological with Euro VI certificate. | $18.6M |  | Feb 03, 2025 |  |
| coometes | coometes offer social institutions a comprehensive solution for managing food aid and basic necessities for vulnerable persons. |  | Debt Financing | Jul 15, 2024 |  |
| Seenapse | Seenapse is an inspiration engine. It helps you to get more and better ideas, faster. While search engines return the most obvious, linear, and popular results (all of which are the opposite of what you need for ideation), Seenapse returns divergent, non-obvious results that can trigger the Eureka moment you are looking for.Think of it as aGoogle for divergent results. | $214.8K | Pre-Seed | Jun 18, 2024 |  |
| Zetrack | Zetrack is an agritechnology company. IoT technologies and new battery features enable the energy and ecological transition to agriculture 4.0. | $1.1M | Seed | Feb 09, 2024 |  |

10 of 37 investments shown.

## Co-investors
- [EASO Ventures](https://shizune.co/investors/profile/easo-ventures) — VC Fund, 7 deals together
- [Ekarpen](https://shizune.co/investors/profile/ekarpen) — VC Fund, 3 deals together
- [Gestion De Capital Riesgo Del Pais Vasco](https://shizune.co/investors/profile/gestin-de-capital-riesgo-del-pas-vasco) — VC Fund, 3 deals together
- [Spri](https://shizune.co/investors/profile/spri) — VC Fund, 3 deals together
- [Stellum Capital](https://shizune.co/investors/profile/stellum-capital) — VC Fund, 3 deals together
- [Basque Fondo](https://shizune.co/investors/profile/basque-fondo) — VC Fund, 2 deals together

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## FAQ

### What does Seed Capital Bizkaia invest in?

Seed Capital Bizkaia invests primarily in Software, Biotechnology and Manufacturing startups, most often at Seed and Funding Round stage. Most of the 37 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Seed Capital Bizkaia's check size?

Seed Capital Bizkaia typically joins rounds of $119k–$2.8M at Seed and $1.2M–$18M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Seed Capital Bizkaia participates in.

### When did Seed Capital Bizkaia last invest?

The most recent investment recorded for Seed Capital Bizkaia closed in Jul 2026. Shizune tracks 37 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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