Brouky Score · 2026

Top VC Firms in Spain

The 25 highest-scoring venture funds headquartered in Spain, ranked from 129 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

61
Median score / 110
across eligible firms
129
Eligible firms
5+ tracked investments
3,299
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1
Energy, Environment & MobilityIndustry & HardwareFinance & BlockchainHealthcare & Life SciencesSoftware & Developer ToolsConsumer, Lifestyle & Services
fintechr-dapifinancial-technologyemployee-benefitsfinancial-services
98/ 110Grade A

Investments

81

Exit Rate

4%

Alive

68

Portfolio Outcomes

68 Alive4 Acquired1 Dead19 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
39 / 40
98 pts · Grade A
2

All Iron Ventures

Series BSpain
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesEnergy, Environment & MobilityIndustry & Hardware
hr-techworkflow-automationsustainabilityreal-estatelaundrycollaboration

All Iron Ventures invests in early-stage B2B SaaS companies, primarily in Spain. They focus on software and developer tools.

97/ 110Grade A

Investments

22

Exit Rate

5%

Alive

20

Portfolio Outcomes

20 Alive1 Acquired1 Dead

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
97 pts · Grade A
3

Expansion

Series ASpain
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesFinance & BlockchainArtificial Intelligence & DataEnergy, Environment & Mobility
aerospacehardwarespace-technologyanalyticsdatasecurity
92/ 110Grade A-

Investments

9

Exit Rate

0%

Alive

8

Portfolio Outcomes

8 Alive1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
25 / 30
Portfolio Outcomes
37 / 40
92 pts · Grade A-
4
Healthcare & Life SciencesIndustry & HardwareSoftware & Developer Toolsother
clinical-stagepharmaceutical-developmentdrug-developmentr-ddrug-discoverybiotech

Ysios Capital Partners focuses on early to growth-stage investments in innovative biotech and healthcare companies, accelerating breakthrough technologies with strong market potential in Europe.

89/ 110Grade A-

Investments

43

Exit Rate

17%

Alive

23

Portfolio Outcomes

23 Alive6 Acquired1 IPO1 Dead10 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
89 pts · Grade A-
5
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareFinance & BlockchainCommerce & MarketingConsumer, Lifestyle & Services
aihardwaremachine-learningautomationbiotechdrug-discovery
89/ 110Grade A-

Investments

33

Exit Rate

6%

Alive

20

Portfolio Outcomes

20 Alive2 Acquired9 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
7 / 25
Deal Volume
30 / 30
Portfolio Outcomes
37 / 40
89 pts · Grade A-
6
Software & Developer ToolsEnergy, Environment & MobilityConsumer, Lifestyle & ServicesFinance & BlockchainHealthcare & Life Sciences
machine-learningartificial-intelligencereal-time-location-systemautomationagritechbiotech

Swanlaab Venture Factory is an early-stage venture capital firm that invests in digital startups, primarily focusing on seed and Series A rounds. They look for companies with innovative technologies and scalable business models, often in the SaaS, e-commerce, and digital media sectors.

89/ 110Grade A-

Investments

16

Exit Rate

12%

Alive

13

Portfolio Outcomes

13 Alive2 Acquired1 Dead1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
31 / 40
89 pts · Grade A-
7

Nazca Capital

Series BSpain
Software & Developer ToolsFinance & BlockchainHealthcare & Life SciencesEnergy, Environment & Mobilityother
fintechfinancial-servicesartificial-intelligencesoftware-developer-toolsdeveloper-toolsenterprise-software
88/ 110Grade A-

Investments

10

Exit Rate

10%

Alive

5

Portfolio Outcomes

5 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
88 pts · Grade A-
8

Asabys

Series C+Spain
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareArtificial Intelligence & DataFinance & Blockchain
healthcaredrug-developmentr-dbiotechpharmaceutical-developmentcancer-therapeutics
84/ 110Grade B+

Investments

28

Exit Rate

4%

Alive

23

Portfolio Outcomes

23 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
84 pts · Grade B+
9

Seaya

Series C+Spain
Software & Developer ToolsFinance & BlockchainEnergy, Environment & MobilityConsumer, Lifestyle & ServicesCommerce & MarketingIndustry & Hardware
smb-servicessme-techon-demanddata-analyticsfintechenergy-transition
83/ 110Grade B+

Investments

51

Exit Rate

5%

Alive

41

Portfolio Outcomes

41 Alive3 Acquired1 Dead10 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
83 pts · Grade B+
10

Cardumen Capital

Series ASpain
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesFinance & BlockchainArtificial Intelligence & DataConsumer, Lifestyle & Services
automationaiartificial-intelligencedata-analyticsdataenterprise

Cardumen Capital is a venture capital firm that invests in early-stage Israeli startups with deep technologies and global ambitions, focusing on areas like AI, cybersecurity, and Industry 4.0.

83/ 110Grade B+

Investments

44

Exit Rate

7%

Alive

36

Portfolio Outcomes

36 Alive3 Acquired6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
83 pts · Grade B+
11

CEMEX Ventures

Corporate VCSeries C+Spain
Energy, Environment & MobilityIndustry & HardwareSoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & Data
cleantechautomotivedeliveryfleet-managementcloudobservability

CEMEX Ventures invests in startups that are reshaping the construction industry. They focus on solutions that improve efficiency, sustainability, and urbanization.

83/ 110Grade B+

Investments

9

Exit Rate

0%

Alive

7

Portfolio Outcomes

7 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
23 / 40
83 pts · Grade B+
12

Kibo Ventures

Series C+Spain
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityFinance & BlockchainCommerce & MarketingConsumer, Lifestyle & Services
threat-detectionartificial-intelligenceaimachine-learningenterprisedata-analytics

Kibo Ventures is a venture capital firm that invests in early-stage B2B and B2C companies, primarily in Spain. They focus on SaaS and software solutions.

82/ 110Grade B+

Investments

39

Exit Rate

3%

Alive

34

Portfolio Outcomes

34 Alive1 Acquired1 Dead2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
27 / 40
82 pts · Grade B+
13

Caixa Capital Risc

Series C+Spain
Software & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityConsumer, Lifestyle & ServicesCommerce & MarketingIndustry & Hardware
data-analyticse-commercehealthcare-softwaretherapyvrartificial-intelligence
82/ 110Grade B+

Investments

23

Exit Rate

17%

Alive

14

Portfolio Outcomes

14 Alive4 Acquired5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
25 / 40
82 pts · Grade B+
14

Acurio Ventures

Series C+Spain
Software & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & Services
automationhealthcaremachine-learningdata-analyticsproject-developmentai

Acurio Ventures invests in early-stage companies with marketplace and e-commerce business models in Europe and the Americas. They focus on capital-efficient, revenue-driven companies and provide operational expertise to help founders scale.

80/ 110Grade B

Investments

87

Exit Rate

6%

Alive

80

Portfolio Outcomes

80 Alive6 Acquired16 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
23 / 40
80 pts · Grade B
15

Alantra

Series BSpain
Software & Developer ToolsEnergy, Environment & MobilityArtificial Intelligence & DataCommerce & Marketing
analyticsdataenergysustainabilitydata-managemententerprise
80/ 110Grade B

Investments

13

Exit Rate

0%

Alive

9

Portfolio Outcomes

9 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
80 pts · Grade B
16

Bonsai Partners

Series C+Spain
Software & Developer ToolsCommerce & MarketingIndustry & HardwareConsumer, Lifestyle & ServicesEnergy, Environment & MobilityFinance & Blockchain
e-commercepersonalizationschedulingconsumerd2cfashion

Bonsai Partners invests in early to growth stage companies, primarily in Spain. They focus on sectors like industry & hardware and consumer services.

80/ 110Grade B

Investments

11

Exit Rate

9%

Alive

7

Portfolio Outcomes

7 Alive1 Acquired3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
23 / 40
80 pts · Grade B
17

Seaya Ventures

Series C+Spain
Software & Developer ToolsFinance & BlockchainCommerce & MarketingEnergy, Environment & MobilityConsumer, Lifestyle & ServicesHealthcare & Life Sciences
analyticsdataaidata-analyticscybersecuritythreat-detection

Seaya Ventures invests in early and growth-stage technology companies, primarily in Spain and Latin America. They focus on sectors such as fintech, e-commerce, and digital media, seeking companies with strong growth potential.

79/ 110Grade B

Investments

45

Exit Rate

15%

Alive

33

Portfolio Outcomes

33 Alive7 Acquired6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
34 / 40
79 pts · Grade B
18
79/ 110Grade B

Investments

9

Exit Rate

11%

Alive

5

Portfolio Outcomes

5 Alive1 Acquired3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
15 / 30
Portfolio Outcomes
34 / 40
79 pts · Grade B
19

Levante Capital

Series C+Spain
79/ 110Grade B

Investments

6

Exit Rate

0%

Alive

7

Portfolio Outcomes

7 Alive1 Unknown

Score Breakdown

Size Fit
14 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
79 pts · Grade B
20

LAO

Series ASpain
Software & Developer ToolsFinance & BlockchainEnergy, Environment & MobilityArtificial Intelligence & Data
blockchainaiweb3sustainabilitycryptonft
78/ 110Grade B-

Investments

9

Exit Rate

22%

Alive

7

Portfolio Outcomes

7 Alive2 Acquired

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
8 / 30
Portfolio Outcomes
40 / 40
78 pts · Grade B-
21

Conexo Ventures

Series ASpain
Software & Developer ToolsFinance & BlockchainEnergy, Environment & Mobility
crypto-tradingmulti-exchangeportfolio-managementlast-mile-deliverylogistics-softwareaec

Invests in early-stage companies in Spain. Focus on energy, environment, and mobility sectors.

76/ 110Grade B-

Investments

14

Exit Rate

8%

Alive

18

Portfolio Outcomes

18 Alive2 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
10 / 30
Portfolio Outcomes
37 / 40
76 pts · Grade B-
22

Alma Mundi Ventures

Series BSpain
76/ 110Grade B-

Investments

7

Exit Rate

43%

Alive

4

Portfolio Outcomes

4 Alive3 Acquired

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
7 / 30
Portfolio Outcomes
40 / 40
76 pts · Grade B-
23

CDTI

Series C+Spain
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareEnergy, Environment & MobilityFinance & BlockchainConsumer, Lifestyle & Services
financial-serviceshealthcaremachine-learningapidata-analyticssustainability
75/ 110Grade B-

Investments

32

Exit Rate

9%

Alive

26

Portfolio Outcomes

26 Alive3 Acquired5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
18 / 40
75 pts · Grade B-
24

4Founders Capital

Series BSpain
75/ 110Grade B-

Investments

17

Exit Rate

Alive

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
6 / 30
Portfolio Outcomes
40 / 40
75 pts · Grade B-
25

IDC Ventures

Series C+Spain
Finance & BlockchainSoftware & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesEnergy, Environment & Mobility
analyticsretailmobile-appconsumer-fintechfintechconsumer

IDC Ventures invests in early and growth-stage companies with a focus on commerce and marketing, particularly in Mexico. They target companies in the e-commerce and marketplace sectors.

75/ 110Grade B-

Investments

14

Exit Rate

0%

Alive

15

Portfolio Outcomes

15 Alive1 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
21 / 40
75 pts · Grade B-

Methodology

What the score measures, who is eligible, and what it deliberately excludes.

How is the Brouky score for Spain calculated?
Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
Which firms are eligible for the Spain ranking?
Venture and corporate venture funds headquartered in Spain with at least 5 tracked investments. 129 firms qualify; the top 25 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
How often is the ranking updated?
Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
My fund's data looks wrong. Can it be corrected?
Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.

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