Venture Capital Firms in Madrid

Arcano Partners, founded in 2003, is an independent international financial advisory and alternative asset management firm headquartered in Madrid, Spain. It operates across four core business lines: Investment Banking, Asset Management (including Private Equity, Credit, Real Estate, Sustainable Infrastructure, Venture Capital, and Aviation Finance), Asset Finance, and Research & Strategic Advisory. The firm is recognized for its Merchant-Banking model and emphasis on sustainable, responsible investing. With over €12 billion in assets under management and advisory since inception, Arcano’s Asset Management arm focuses on primary, secondary, and co-investment opportunities in mid-market private funds and companies in Europe and the U.S. The firm has more than 250 professionals supporting more than 400 funds and 3,000 underlying companies. It is also a signatory to the UN PRI, reflecting its ESG commitment. Arcano is structured around a partnership model with offices in major European and U.S. financial hubs. Its approach combines high-level M&A advisory, specialist credit & asset financing, macroeconomic research, and tailor-made private markets solutions. The firm also ranks among the top 10 global managers in private equity secondaries, according to the HEC Paris–Dow Jones ranking.

Axon Partners Group is a global investment and consulting firm that focuses on technology and innovation. The firm operates with a dual approach, offering both investment management and strategic consulting services. They partner with visionary leaders to drive innovation and create value in the technology sector, while their consulting arm provides insights and expertise for strategic, commercial, policy, and investment decisions. Axon Partners Group emphasizes effective strategies and investments to leverage innovative technologies for a better world.Founded in 2006 by Francisco Velázquez, Axon Capital and SVP Advisors initially operated as two separate entities in Madrid. Axon Capital focused on tech transfer venture capital, aiming to extract value from university technologies in Spain, and secured its first tech transfer VC fund in July 2007. SVP Advisors, on the other hand, extended Velázquez's consulting experience internationally. In 2012, Axon Capital and SVP Advisors merged to form Axon Partners Group, expanding their team and global reach. The firm successfully completed an IPO and was listed on the Madrid Stock Exchange, raising approximately €12 million.Axon Partners Group has a diverse portfolio with investments in various technology-driven companies. Recent investments include Dynamics VR, ISAAC (Construction and Engineering), and Grodi (Agriculture). The firm has also invested in companies like Taalentfy, a technology platform for employability and career guidance, and Odders, an XR company specializing in virtual reality games and applications. Other notable investments include Metricool, Instaleap, and W•SENSE. Axon Partners Group has also made 43 exits, with its latest being from Dogfy Diet in October 2025.The firm's team comprises over 100 seasoned professionals across its Consulting and Investment divisions, with diverse backgrounds and nationalities. This international team combines multi-sector tech expertise with a proven investment and advisory track record, aiming to deliver the agility of a boutique firm with the capabilities of a global company. Key management includes Francisco Velázquez as Chairman and Managing Partner, and Alfonso de León and Dimitri Kallinis as Managing Partners and Board Members.

Bewater Funds is a Spain-based investment firm providing liquidity to shareholders of private, high-growth technology companies. The firm operates an innovative investment model that enables investors to acquire minority stakes in private companies via specialized vehicles, offering a solution to the illiquidity problem faced by early investors, founders, and employees. Targeting Spanish and European startups with proven revenues and solid business models, Bewater Funds focuses on profitable or near-profitable tech companies seeking flexible capital solutions. Their approach allows investors to gain exposure to venture-scale businesses while giving existing shareholders the ability to partially exit without a full company sale or IPO. With a strong emphasis on transparency, governance, and digital efficiency, Bewater Funds utilizes a regulated and tech-enabled platform to structure its investments. The firm brings together professional investors and growing tech companies, bridging the gap between venture capital and private equity in the European innovation ecosystem.

History: Founded in 1996 as GED Capital in Madrid, the firm rebranded in 2023 to Buenavista Equity Partners. Over 27 years it has pioneered private equity in Spain and expanded into infrastructure and venture capital strategies. The rebranding reflects a new visual identity while continuing GED’s legacy in the Spanish lower mid-market.Investment Focus: Buenavista is a multi-asset manager with three main verticals: (1) Private Equity – majority or significant minority investments in Spanish SMEs (often family-owned) via buy-and-build strategies; (2) Real Assets / Infrastructure – funds targeting smaller greenfield and brownfield infrastructure projects (€10–40m deal size, e.g. renewable energy, transportation); and (3) Ventures – early-stage venture capital funds in Spain and Portugal focusing on seed and Series A startups (especially in tech and innovation).AUM & Track Record: The firm manages approximately €1 billion in assets across its various funds. It has completed over 400 investments historically, with numerous successful exits. Recent activity includes launching a specialized Aerospace & Defense fund and continuing to invest through its existing Iberia-focused buyout funds and venture vehicles. Buenavista’s team and network provide deep expertise in value creation and sector-specific growth strategies.Organization & Offices: Based in Madrid (Montalbán 7) and active across Spain and Portugal, Buenavista Equity Partners has a highly qualified team of professionals and an extensive advisor network. The firm emphasizes robust governance and ESG in its management of portfolio companies, aiming to generate attractive risk-adjusted returns alongside long-term sustainable value for both investors and society.

Cluster Family Office is a multi-family office based in Spain, specializing in comprehensive wealth management and financial advisory services for high-net-worth individuals, entrepreneurial families, celebrities, athletes, and those who have acquired significant fortunes. The firm offers a holistic approach to managing and growing client assets, encompassing financial consulting, asset management, real estate investment, private equity investment, accounting, financial planning, banking, and corporate management services. They aim to provide tailored solutions that align with each family's unique circumstances and long-term objectives, ensuring transparency and optimizing financial and tax structures.The firm was established in December 2007 by Javier Mariana, who brought over 25 years of experience in family wealth management. His motivation stemmed from the need to create a company that could address all the asset-related challenges his own family had faced over two decades. Cluster Family Office prides itself on being one of the first independent firms in Spain to offer such comprehensive family office services, emphasizing unbiased and objective advice.Cluster Family Office's services extend beyond traditional financial management to include specialized advice for athletes and artists, as well as guidance for families interested in their children studying at universities in the United States. They also provide consulting for creating and supporting other family offices, offering expertise in legal, tax, and human resources matters. The firm operates as an Authorized Officer of Banco Alcalá, enabling them to offer a full range of investment services.The multidisciplinary team at Cluster Family Office includes experienced professionals such as Javier Mariana and Gian Paolo Amato as Managing Partners, Àngels Descamps as Partner and General Counsel, and other specialists in areas like back office, business planning, financial valuation, M&A, corporate governance, and human resources. Gian Paolo Amato, for instance, has a background as a Financial Advisor in Global Wealth Management at Merrill Lynch USA, bringing international experience to the firm's advisory capabilities.

Founded in 2016, Energize Capital is a Chicago-based venture capital firm specializing in climate software investments. The firm focuses on asset-light, digitally enabled companies that drive the transition to a decarbonized and digitized energy economy. With a team of experienced investors and operators, Energize Capital partners with entrepreneurs to scale sustainable innovations that address critical challenges in energy, mobility, and infrastructure. Energize Capital's investment strategy encompasses both venture capital and growth equity, supporting companies from early commercialization stages through to public markets. The firm has invested in over 26 climate software companies, including notable startups like Tyba, Nira, and Archive. By providing not only financial capital but also operational and strategic support, Energize Capital aims to accelerate the growth and impact of its portfolio companies. As of 2025, Energize Capital manages assets exceeding $1.8 billion, underscoring its commitment to scaling sustainable innovation. The firm's global investor base includes institutional, strategic, impact, and family office investors from North America and Europe. Through its dedicated platform, Energize EDGE, the firm offers comprehensive portfolio services to help companies navigate the complexities of the energy transition.

Faraday Venture Partners is a private investors’ club and venture capital firm that connects its members with carefully selected early-stage startups. Founded in 2011, the firm offers a unique model that blends traditional venture investing with a membership-based platform, enabling private investors to co-invest in high-growth potential companies across Europe. Through rigorous due diligence and active deal sourcing, Faraday curates investment opportunities that align with the expectations of experienced investors seeking early exposure to innovation.The firm focuses primarily on technology-driven startups, including sectors like fintech, healthtech, SaaS, marketplaces, and digital platforms. Faraday Venture Partners supports portfolio companies not just with capital, but also with strategic guidance and access to its network of members and advisors. The goal is to foster long-term partnerships between entrepreneurs and investors while increasing the probability of success through collaborative engagement.Operating across multiple European cities, including Madrid, Barcelona, Munich, and Lisbon, Faraday has built a diverse investment portfolio and an active community of private investors. Its hybrid model of fund management and direct club participation provides flexibility and transparency, empowering investors with decision-making power while maintaining professional oversight.

Iris Ventures is a venture capital firm focused on supporting purpose-led consumer brands positioned for scale. Managed by founder Montse Suárez, the firm operates through its investment vehicle, IRIS Fund II, which aims to raise a total of €200m. The fund distinguishes itself by avoiding AI-heavy allocations, instead concentrating on sectors such as beauty, nutrition, wellness, longevity, and new lifestyle brands.The firm commits between €5 million and €20 million per company, targeting growth-stage businesses. Iris Ventures emphasizes active, long-term support for its portfolio companies, typically proposing two board seats to guide commercial expansion, product development, and international roll-outs.Geographically, IRIS Fund II plans to deploy approximately 80% of its capital in Europe and the remaining in the United States. The firm aims to make 12–15 investments over the next four years, reflecting a strategy that builds on the experience gained from its first fund, which launched in 2021 and had a size of €100m.Iris Ventures focuses on established brand founders and repeatable channels, positioning itself to capitalize on the growing consumer preference for health, convenience, and sustainability. The firm’s concentrated, sector-specialist approach aims to yield both impact and market returns as it works towards its €200m goal.

Kapita is a family office firm based in Madrid, Spain, specializing in technology investments. The firm is led by Dimas Gimeno, former Chairman of the Spanish retail giant El Corte Inglés. Kapita focuses on boosting projects and investing in companies that are poised to play a pivotal role in the transformation across various industries, with a particular emphasis on the retail sector. Their investment thesis is centered around technology-based innovation, supporting exceptional founders and funds to catalyze the creation of world-class companies.The firm was established in 2020, building upon the extensive experience of its team members who previously operated as business angels. Kapita's mission is to foster the future of key technological areas such as fintech, marketplaces, SaaS, IoT, and logistics. They are stage-agnostic in their investment approach, demonstrating a commitment to supporting companies from early to later stages, primarily across Southern Europe and Latin America.Kapita's portfolio showcases its dedication to innovative retail and technology solutions. Notable investments include WOW Concept, an expertly curated marketplace of lifestyle brands; Amphora, a logistics manager designed for e-commerce and retail; and Jogotech, which focuses on e-commerce and 'phygital' stores, redefining physical retail spaces to capitalize on digital integration. These investments reflect Kapita's strategic focus on companies that are driving the evolution of the retail landscape through technology.The team at Kapita brings significant expertise, particularly through its leader, Dimas Gimeno, whose background in a major retail conglomerate provides invaluable insight into market dynamics and transformation opportunities. The firm emphasizes a community-first approach, respecting founders' decisions and time, while actively assisting portfolio companies with further fundraising efforts.

Kfund is a Spanish venture capital firm committed to empowering the next generation of digital entrepreneurs. Founded in 2016, the firm primarily invests in early-stage technology startups across Southern Europe and Latin America. With a founder-first philosophy, Kfund partners with bold teams to help them scale their products and build companies with global ambitions.Kfund leverages deep industry experience, a strong network, and a hands-on approach to accelerate startup growth. The firm provides not only capital but also mentorship, strategic guidance, and access to an extensive ecosystem of professionals and investors. It seeks founders who are reshaping traditional industries through innovation, digitalization, and scalable business models.The firm operates across multiple sectors, including fintech, SaaS, marketplaces, and AI-driven platforms. By focusing on regions with high entrepreneurial talent and emerging digital markets, Kfund aims to identify and support visionary startups that have the potential to become global leaders.

Kibo Ventures Partners is a Madrid-based venture capital firm focused on early-stage technology investments. Since its founding, the firm has built a strong reputation for backing innovative companies with high growth potential. Kibo Ventures actively seeks out entrepreneurs with disruptive ideas and helps them scale their businesses globally. With a hands-on investment philosophy, Kibo Ventures supports startups not only with capital but also with strategic guidance, operational support, and access to a broad network of partners. The firm emphasizes collaboration and long-term partnerships, aligning closely with founders to help navigate the various stages of startup growth. Kibo Ventures targets sectors such as SaaS, AI, fintech, marketplaces, and digital consumer products. Geographically, its investment focus includes Spain, broader Europe, and Latin America. The firm continues to expand its presence by building a diverse portfolio of category-defining companies in dynamic markets.

Lombard Odier is an independent Swiss banking group with a rich history dating back to 1796. The firm operates as a global wealth and asset manager, serving both private and institutional clients. Their core offerings encompass private banking, comprehensive wealth management, and sophisticated asset management solutions. A distinctive aspect of Lombard Odier's approach is its strong emphasis on sustainable investing, aiming to align client objectives with positive environmental and social outcomes.Founded in Geneva, Switzerland, Lombard Odier has maintained its independence through a unique partnership model, where the firm is wholly owned and managed by its Senior Managing Partners. This structure fosters a long-term perspective and a client-centric approach, allowing for stability and continuity across generations. The firm has consistently evolved, integrating cutting-edge banking technology not only for its own operations but also offering these solutions to other financial institutions.While Lombard Odier focuses on a broad range of traditional and alternative investments, specific notable investments or portfolio companies are not publicly highlighted in the provided information, as their primary business revolves around managing client wealth and assets rather than direct venture capital investments in specific startups. Their investment strategies span various asset classes, including private equity, real estate, infrastructure, and natural resources, often with a sustainable lens.The team at Lombard Odier comprises experienced professionals across wealth management, asset management, and technology. The firm emphasizes a culture of excellence, innovation, respect, integrity, and teamwork. With a global presence across more than 25 offices in 19 jurisdictions, their experts provide local expertise combined with an international outlook, ensuring tailored solutions and a deep understanding of diverse market dynamics for their discerning clientele.

Mouro Capital is a prominent venture capital firm based in Spain, specializing in investments in the fintech sector. Established in 2020, Mouro Capital is the successor to the Santander InnoVentures fund, which was launched in 2014. The firm focuses on early to growth-stage investments, primarily targeting innovative companies that are transforming the financial services landscape. The investment strategy of Mouro Capital is centered around identifying and supporting companies that leverage technology to enhance financial services. This includes areas such as digital banking, payment solutions, and financial infrastructure. Mouro aims to partner with visionary entrepreneurs who are committed to driving change within the financial ecosystem. One of the notable achievements of Mouro Capital is its strong backing from Banco Santander, one of the largest financial institutions in the world. This relationship not only provides Mouro with substantial capital but also offers portfolio companies access to a vast network of resources and expertise. The firm has successfully invested in several high-profile fintech startups, helping them scale and innovate. Mouro Capital has a keen interest in various sectors, including: Digital Banking: Investing in platforms that offer banking services through digital channels. Payment Solutions: Focusing on companies that are redefining how payments are processed and managed. Financial Infrastructure: Supporting businesses that provide essential services and technology to financial institutions. Wealth Management: Investing in startups that enhance investment and wealth management services through technology. With a dedicated team of professionals, Mouro Capital is committed to fostering innovation in the fintech space. The firm actively engages with its portfolio companies, providing strategic guidance and operational support to help them achieve their growth objectives. Mouro Capital's unique position within the financial services industry enables it to identify emerging trends and capitalize on new opportunities. In summary, Mouro Capital is a forward-thinking venture capital firm that is dedicated to investing in the future of financial services. With its strong foundation, strategic focus, and commitment to innovation, Mouro Capital is well-positioned to make a significant impact in the fintech sector.

NextChance Invest is an investment holding company established in 2010 by Nicolás Luca de Tena, a seasoned Spanish entrepreneur and investor. The firm focuses on creating and scaling innovative, technology-driven businesses with high growth potential. Over the years, NextChance has successfully launched and exited several ventures, including Multiasistencia, La Nevera Roja, Conversia, and IESA, collectively generating sales exceeding €450 million. Operating with a lean team of approximately 50 professionals, NextChance emphasizes agility and innovation in its approach. The company has built a diverse portfolio that spans various sectors, including digital platforms like Multimarkts, an e-commerce solution integrated with media content, and Therapyside, a leading online psychotherapy platform formerly known as TherapyChat. These ventures reflect NextChance's commitment to leveraging technology to address market needs effectively. Beyond its proprietary projects, NextChance Invest actively participates in venture capital through investments in funds such as Portobello Capital, Kibo Ventures, Axon Partners Group, Samaipata Ventures, and Arcano Partners. This strategy enables the firm to support a broad spectrum of startups across different stages and industries, reinforcing its position as a key player in the Spanish and broader European tech investment landscape.