BULLNET CAPITAL III, SOCIEDAD DE CAPITAL-RIESGO PYME, S.A.

Bullnet Capital is an independent venture capital firm established in 2001, specializing in early-stage, high-technology (Deep Tech) startups primarily based in Spain. The firm focuses on companies that possess proprietary and disruptive technologies, often stemming from significant scientific effort or profound technical expertise in their respective fields. Bullnet Capital adopts a hands-on approach, aiming to be a strategic partner to entrepreneurs by providing not only financial backing but also strategic and managerial support to foster business success.

The firm was founded by Javier Ulecia and Miguel del Cañizo, who began working together in 1990. After collaborating on an internet incubator, they launched Bullnet Capital I in March 2003 with an initial fund of 18 million euros, supported by Bruno Entrecanales and the European Investment Fund. Over the years, the team expanded to include Carmen Arenzana as Finance Director and José Luis Gómez as an Investment Analyst, strengthening the firm's operational and investment capabilities.

Bullnet Capital has managed four funds (Bullnet Capital I, II, III, and IV) and is preparing a new Bullnet Opportunity Fund. Their portfolio showcases a diverse range of high-tech companies, including Netspira, Anafocus, Digital Legends, Zhilabs, KDPOF, Wooptix, LeanXcale, 2eyesVision, ANYVERSE, Quside, Enthec, and Deep Detection. The firm has a track record of successful exits, with portfolio companies being acquired by major technology and industrial groups such as Ericsson, Teledyne, Activision, Samsung, Unity, and Grupo Oesía, demonstrating their ability to identify and nurture promising ventures.

Bullnet Capital's investment strategy is underpinned by a commitment to breakthrough technology, sustainable competitive advantages, and strong entrepreneurial teams. They prioritize companies with intellectual property and know-how that can maintain their market position over the long term. The firm actively assists its portfolio companies with fundraising, IP protection, strategic partnerships, talent acquisition, and legal assessments, aiming to build successful businesses from their early stages.