Top 50 Retail Startup Investors in Spain in September 2025

Cabiedes & Partners is a Spanish venture capital firm that provides seed funding and early-stage and later-stage investment services. Cabiedes & Partners was founded in 2009 and is headquartered in Madrid, Spain.

BSV invests early, commits personally and team up with exceptional founders to help build extraordinary companies. What we do: Seed Phase, Technology Based & Investments.

Andreas is a German serial entrepreneur and angel investor having invested in more than 150 international startups.Andreas co-founded his first internet company Omniga in 1999 and, after reaching profitability within 2 years, grew it to a venture builder focused on B2C subscription models with more than 200 employees when he stepped back from hisactive roles in 2012.In the same year Andreas started investing in startups and later also got engaged in the Spanish ecosystem as the founder of Marbella Tech Angels, a network of more than 160 investors, founders & mentors living around Marbella. Andreas is also co-founder of the Global Super Angels Club, a platform for angel investors usually investing six-figure euro amounts in startups, supporting its more than 70 members to improve their deal flow and speed up their search for like-minded co-investors.Andreas received several awards incl. the Best European Early Stage Investor 2018 award from the European Business Angel Network (EBAN) and the Best Business Angel 2020 award at the Spanish National Business Angel Conference.

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.

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.

We invest in you. Our commitment to innovation and entrepreneurship is your best ally to expand your business. Find out how we can boost your project!

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.

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

Bonsai Venture Capital has been encouraging entrepreneurs since 1999.

Hi Ventures is the fund seed and early venture capital, formed to invest in entrepreneurs with strong components and scalable models of innovation.

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".

Jose Manuel Villanueva - Co-Founder & Co-CEO @ 011h

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.

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.

Founded in 2011, Faraday Venture Partners is a pan-European Venture Capital firm investing in European innovative early-stage startups via its network of Clubs of Investors and its own Funds.

Tom Horsey is the Director and Co-Founder of StartupLabs Malta. He previously worked at Transeop as an Investor. Tom Horsey attended Aston University.

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

Lucas Carne is Founder at Privalia.

Prior to founding Galdana Ventures, Didac has been an entrepreneur for more than 20 years, funding more than 15 tech companies (among others: Inspirit, TradeInn, Fhios, Peninsula, Threepoints - Planeta, Safe365) which today account for more than 800 employees and €300 million turnover.Dídac is Co-Founder and Managing Partner at Galdana Ventures.With 1B USD fund invested in Silicon Valley (50%), China (30%) and Europe (20%), Galdana Ventures is considered one of the best performing Venture Capital Fund of Funds globally.Dídac is a former Board Member of FC Barcelona, he served on the Board for 10 years from 2010 to 2020. Since 2018, he was Head of Digital, an internationally recognized reference in its field, with 370M followers in social media and more than 100M Euros in turnover. Among Lee´s achievements at FCB, one of the biggest is the leading of the digitalization of the Club; his legacy is applauded by many. During his career, Dídac has received several awards, including the following: Doctor Honoris Causa (Universidad del Siglo 21), Entrepreneur of the Year (Pimec, 2019), Business Angel of the Year (AEBAN, 2019), Best European Startup Mentor Award (The Founder Institute, 2013), he has been listed by IESE as one of 20 most influential entrepreneurs under 40, and selected by WIRED magazine as one of the Top 100 European Digital Influencers (number 2 in Spain).Didac was born in Figueres (close to Barcelona), his parents are from China and he is fluent in Mandarin Chinese.Galdana Ventures (Co-Founder - 2015/Current)Galdana is a Venture Capital fund of funds founded and invested by successful tech entrepreneurs that invests in some of the top tier firms in the United States, Asia, Israel and EuropeGaldana’s management team counts on more than 80 years of accumulated experience as successful entrepreneurs and investors. It has taken part in the creation of 17 companies with an aggregate value of $1.5 billion and managed investments for approximately $240 million in 30 companies with an aggregate final value of $1 billion.Our investor base includes entrepreneurs who have founded companies worth more than $4 billion in aggregated value, and we work to further increase this base with successful entrepreneurs from all the regions where we invest.In addition to this, Galdana has partnered with Altamar Capital Partners, a fund of funds management company specialized in private equity, real estate and infrastructure with approximately $3.4 billion in historically committed capital.

Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $320 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25year-old private equity arm). Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential. Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest. Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors.

Wayra is a globally connected and technological open innovation hub in the world. We currently operate in 10 countries: Argentina, Brazil, Chile, Colombia, Germany, Mexico, Peru, Spain, the United Kingdom, and Venezuela.Through Telefónica our global presence allows us to be at the helm of innovation, shoulder to shoulder with drivenentrepreneurs and in a position to engage the right partners and leaders of industries for business. Our mission is clear, to connect innovators with Telefónica and generate joint business opportunities. We are the interface between Telefónica and entrepreneurial ecosystems across the globe because innovation makes good business sense.

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.

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

Marta Esteve joined Soysuper as Founder & CEO in 2012.

Aerospace engineer and entrepreneur, ​O​scar ​Pierre, is CEO and co-founder of Glovo. He ​began his studies at the Universitat Politècnica de Catalunya. After two years, he moved to Georgia Tech, in United States, to explore better opportunities.After graduating, he began his professional career as aerodynamics engineer at Airbus, at his base inToulouse. After 6 months he decided to look for new challenges and dedicate to creating a new business. Glovo began in early 2015. Previously, while studying,Pierre had already founded Zikkomo.com, a solidarity platform with 30 children sponsored in Malawi, and LoveItLocal.es in 2014, a market destined to boost local craft businesses. In January 2017 he was on Forbes magazine's 30under30 annual list of most influential young people.

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.

Carlos Blanco is the Chairman and CEO of Encomenda Capital Partners SGEIC. He previously worked at Hastee as a Partner. Carlos Blanco attended Pompeu Fabra University.

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

Diego J Ruiz-Rincon - Investor & Founder @ Foodmakers

Alejandro Betancourt Lopez currently serves as director, controlling party and the largest shareholder for the O’Hara Administration Co., S.A., an international investment group. In addition, he also serves as president of Hawkers, a Spanish sunglasses company, as well as the director of Pacific Exploration & Production Corp., a Canadianpublicly held energy explorer and producer.Betancourt earned a bachelor’s degree in economics and business administration at Suffolk University. He began his career at Guruceaga Group, an international trade, finance, real estate and agriculture company. He has extensive experience in the energy sector, having worked as the Latin American commercial manager and trader for London-based ICC-OEOC, an oil exploration and drilling technology company, and as a director of BGB Energy, an affiliate of Kawasaki Heavy Industries.He founded O’Hara Administration, a leading asset management company that has investments in industry leaders across several sectors. At Pacific Exploration & Production (formerly Pacific Rubiales Energy), he has overseen the company’s expansion into Mexico, Peru and Venezuela. At Hawkers, one of the world’s largest sunglasses companies, he has focused on brand expansion, fund-raising and strategic relationships. Betancourt also serves as a major shareholder for Banque de Dakar in Senegal, working to expand banking services throughout Africa. Betancourt’s philanthropic endeavors center on community involvement, with a focus on education, including the Carmen Salles School at Ciudad Bolivar and Universidad Simón Bolívar.---Alejandro Betancourt López actualmente es director, parte controladora y accionista mayoritario de O’Hara Administration Co. S.A., un grupo de inversión internacional. Además, es el presidente de Hawkers, una empresa española de lentes de sol, así como el director de Pacific Exploration & Production Corp., un explorador y productor de energía canadiense que cotiza en la bolsa.Betancourt obtuvo su licenciatura en Economía y Administración de Empresas de la Universidad de Suffolk. Inició su carrera en Guruceaga Group, una empresa de comercio, finanzas, bienes raíces y agricultura. Tiene amplia experiencia en el sector de energía, ya que trabajó como gerente comercial y operador de América Latina en una empresa ubicada en Londres llamada ICC-OEOC, una empresa tecnología de exploración y perforación de petróleo, y como el director de BGB Energy, un afiliado de Kawasaki Heavy Industries.Fundó O’Hara Administration, una compañía líder en gestión de activos que cuenta con inversiones en líderes de la industria en varios sectores. En Pacific Exploration & Production (anteriormente llamada Pacific Rubiales Energy), supervisó la expansión de la empresa hacia México, Perú y Venezuela. En Hawkers, una de las compañías de lentes de sol más grandes del mundo, se enfocó en la expansión de la marca, recaudación de fondos y relaciones estratégicas. Betancourt es también el mayor accionista de Banque de Dakar en Senegal, trabajando para expandir los servicios de la banca hacia África. Los esfuerzos filantrópicos de Betancourt se centran en el compromiso con la comunidad, con un enfoque en la educación, incluyendo la Escuela Carmen Salles en Ciudad Bolívar y la Universidad Simón Bolívar.

Ines Ures is a Partner at IRIS Ventures.

Abac Nest is a venture capital vehicle investing in seed-stage companies in Spain.

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

Acurio Ventures partners with visionary founders to make history happen. Acurio Ventures is a European early-stage VC that invests across sectors and business models and that relies on its entrepreneurial DNA, flexible approach and proven value add to partner with the best founders out there.

For more than 100 years, LGT has been the global private bank for wealthy clients who want to invest in a forward looking and sustainable manner.

Ajudamos startups, empreendedores e empresas de todos os portes a liderarem o futuro de seus mercado. Veja mais.

Athos Capital is a venture capital firm.

Alantra is an international financial services firm with over 500 professionals across EMEA, the Americas, and Asia.

Ferran Ferrer Perea is the CEO at Emagister. Ferran attended ESIC Business & Marketing School.

Invertidos | Exclusive technology advisory and investment firm specialized in venture capital primary and secondary deals

Cupido Capital is the first investment vehicle that invests in pre-Seed Spanish startups.** Professional Investment since day 1 **We support your project even when you have not yet hit the market. TALENT is the most important factor.** Unique Entrepreneurs **Rockstars who want to change the world.** + 180 Startups Invested ** Ourentrepreneurs/investors know the drill and will help you with their experience and contacts.Send us your project!

The hansmengroup is a bunch of startups, that share common values, similar goals and the same Business Angel. A group with an incredible performance.

Dr. Johann ‘Hansi’ Hansmann was born in Austria and studied economics in Vienna. He spent the major part of his professional life working as an executive in the pharmaceutical industry in Austria, Germany, UK and Spain. He gathered several years of entrepreneurial experience running successfully his own pharmaceutical company in Spain afterconducting a management buy-out of a big pharmaceutical plant, making an exit in 2003. Since this time he is active as investor and business angel. He currently holds investments with a geographical focus on Austria, Germany, UK and Spain both internet and in the health industry. He led Runtastic, shpock, mysugr and just recently durchblicker and Busuu to extraordinary exits. He was president of the ‘Austrian Angels Investors Association’ until 2021, was awarded 'Best European Early Stage Investor' in 2016 by eban.org and is now based in Vienna and tries to find spare time to ride his mountain bike.

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.

We are a leading asset manager in Spain. We invest in early-stage VC, growth VC, venture debt, strategic public equity, private equity and infrastructure. Our different strategies allow us to provide financing solutions to companies throughout their life-cycle.

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.”.

We are a Mobility Lab. We research, invest and build.

José María Baños , founding partner of LetsLaw.

Julio is currently a startup investor and was the Co-founder & CEO of Swipcar (Acquired).

Our ticket size ranges from $100-500k for Pre-seed/Seed and $1-4M for Series A companies. We're in search of promising-founders with product-driven mindsets who have a passion for building. Those who've fallen in love with data. For we believe in fit---both product and with the team here. Got a great idea? Come to TheVentureCity and give it the expertise to help it grow.