Brouky Score · 2026

Top VC Firms in Spain

The 25 highest-scoring venture funds headquartered in Spain, ranked from 120 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

75.5
Median score / 110
across eligible firms
120
Eligible firms
5+ tracked investments
5,185
Tracked investments
in this market
25
Firms ranked
highest scoring
Sort by
1

Shift4Good

SeedSpain
Energy, Environment & MobilityIndustry & HardwareSoftware & Developer ToolsConsumer, Lifestyle & ServicesFinance & Blockchain+2 more
datamobilityinsuranceanalyticsfleet-managementmaritime+3 more

Shift4Good invests in startups at Series A & B stages focused on smart, sustainable mobility to decarbonize transportation globally. The fund targets software, hardware, and service solutions in air, road, rail, maritime sectors and the circularity of transportation in Europe, Southeast Asia and India.

99/ 110Grade A

Investments

24

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
2
Industry & HardwareSoftware & Developer ToolsConsumer, Lifestyle & ServicesArtificial Intelligence & Data+1 more
aiautomotiveautonomous-vehiclesdroneshardwarefurniture+3 more

Baron Capital is a long-term investor in secular growth businesses with durable competitive advantages that are run by great management teams. They offer a variety of growth equity investment vehicles including active ETFs, mutual funds, and institutional solutions.

98/ 110Grade A

Investments

14

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
3

Big Sur

SeedSpain
Software & Developer ToolsCommerce & MarketingIndustry & HardwareEnergy, Environment & MobilityFinance & BlockchainConsumer, Lifestyle & Services+3 more
consumersaasmobile-appoptimizationfintechpayments+3 more

Big Sur invests primarily in early-stage Spanish startups focusing on innovative mobility and transportation solutions, supporting companies that aim to transform urban and on-demand logistics markets.

97/ 110Grade A

Investments

65

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
29 / 30
Portfolio Outcomes
40 / 40
4

Nimble Partners

Series C+Spain
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesIndustry & HardwareHealthcare & Life SciencesEnergy, Environment & Mobility+3 more
aienterprisemobile-appapientertainmentautomotive+3 more

Nimble Partners primarily invests in Series B startups based in Spain, focusing on scaling innovative ventures. Their portfolio indicates a focus on growth-stage funding within Spanish market startups.

95/ 110Grade A

Investments

61

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
5
Software & Developer ToolsFinance & BlockchainEnergy, Environment & MobilityHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & Services+3 more
online-platformhr-techmobile-appai-agentsautomationai+3 more

Abac Nest invests in Seed and Pre-Seed stage technology startups that can create highly scalable businesses, offering investments between €50k and €500k per deal.

95/ 110Grade A

Investments

50

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
6

Swanlaab

SeedSpain
Software & Developer ToolsEnergy, Environment & MobilityConsumer, Lifestyle & ServicesIndustry & HardwareFinance & BlockchainHealthcare & Life Sciences+3 more
aimachine-learningartificial-intelligenceagritechwellnessreal-time-location-system+3 more

The firm invests in early-stage B2B deep tech, agri-food technology innovation, and search funds, focusing on companies and individuals in Spain and Israel. It supports visionary entrepreneurs in scaling, market expansion, and building sustainable, scalable businesses.

95/ 110Grade A

Investments

49

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
7
Software & Developer ToolsHealthcare & Life SciencesEnergy, Environment & MobilityCommerce & MarketingConsumer, Lifestyle & ServicesIndustry & Hardware+3 more
automationaimachine-learningdata-analyticsbiotechnologydrug-development+3 more

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.

94/ 110Grade A

Investments

107

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
35 / 40
8

Kibo Ventures

Series ASpain
Software & Developer ToolsEnergy, Environment & MobilityIndustry & HardwareFinance & BlockchainConsumer, Lifestyle & ServicesCommerce & Marketing+3 more
sustainabilitythreat-detectionartificial-intelligenceaidata-analyticsmachine-learning+3 more

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.

94/ 110Grade A

Investments

93

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
9
Software & Developer ToolsCommerce & MarketingConsumer, Lifestyle & ServicesHealthcare & Life SciencesEnergy, Environment & MobilityIndustry & Hardware+3 more
sustainabilityaihr-techworkflow-automationcrowdfundingreal-estate+3 more

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

94/ 110Grade A

Investments

53

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
27 / 30
Portfolio Outcomes
40 / 40
10
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesConsumer, Lifestyle & ServicesFinance & BlockchainCommerce & Marketing+3 more
automationaie-commercedata-analyticsdataenterprise+3 more

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.

93/ 110Grade A-

Investments

56

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
11

Expansion

Series ASpain
Industry & HardwareSoftware & Developer ToolsHealthcare & Life SciencesArtificial Intelligence & DataCommerce & MarketingFinance & Blockchain+3 more
aerospacehardwarespace-technologyspacedataalternative-financing+3 more
93/ 110Grade A-

Investments

29

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
26 / 30
Portfolio Outcomes
40 / 40
12
Software & Developer ToolsCommerce & MarketingEnergy, Environment & MobilityHealthcare & Life SciencesFinance & BlockchainConsumer, Lifestyle & Services+3 more
spaindigital-healthrecyclingscrap-metalai-schedulingcommunity-management+3 more

Faraday Venture Partners co-invests in early-stage rounds mainly in Spanish startups, focusing on seed and series A investments. Their activity is linked to fintech, energy, and tech startups growing in Spain and Europe.

92/ 110Grade A-

Investments

56

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
28 / 30
Portfolio Outcomes
35 / 40
13

Clave Capital

SeedSpain
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityConsumer, Lifestyle & Services+2 more
healthcareaimachine-learningpredictive-analyticsbiotechoncology+3 more

Founded in 2002, Clave is a venture capital firm based in Pamplona, Spain. The firm seeks to invest in deep tech, healthcare, life sciences, digital health and technology companies in early stages.

92/ 110Grade A-

Investments

52

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
23 / 30
Portfolio Outcomes
40 / 40
14

Aldea Ventures

Series BSpain
Industry & HardwareSoftware & Developer ToolsCommerce & MarketingHealthcare & Life SciencesFinance & Blockchain+2 more
aicarbon-neutralconstructionconstruction-techproptechreal-estate+3 more

Invests in consumer, lifestyle, and services companies, primarily in Spain. Focuses on Series C and later stage companies.

92/ 110Grade A-

Investments

21

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
32 / 40
15

Axon Partners

SeedSpain
Software & Developer ToolsEnergy, Environment & MobilityIndustry & HardwareConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life Sciences+3 more
aianalyticsartificial-intelligenceglampingenergycybersecurity+3 more

Focuses on early-stage investments in India, particularly Series A rounds. Primarily invests in B2B software and developer tools companies.

91/ 110Grade A-

Investments

129

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
6 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
16
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareFinance & BlockchainArtificial Intelligence & DataEnergy, Environment & Mobility+3 more
healthcaredigital-healthcdmooncologypharmaceutical-developmentdrug-development+3 more

Columbus Venture Partners focuses on early-stage investments in Spain. They primarily invest in B2B companies in the artificial intelligence and data sectors.

91/ 110Grade A-

Investments

50

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
33 / 40
17

Adara

Series ASpain
Software & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesHealthcare & Life SciencesArtificial Intelligence & DataFinance & Blockchain+3 more
enterprisehealthcareaithreat-detectionmarketingcyber-defense+3 more

Founded in 2005, Adara Ventures is a venture capital firm based in Madrid, Spain. The firm seeks to invest in cybersecurity, applied artificial intelligence, digital infrastructure, hardware, digital health, space and energy transition sectors.

90/ 110Grade A-

Investments

81

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
33 / 40
18
Energy, Environment & MobilityHealthcare & Life SciencesCommerce & MarketingIndustry & HardwareArtificial Intelligence & DataSoftware & Developer Tools+3 more
cognitive-therapydigital-therapeuticsgeriatricsvrdiscount-groceryfood-rescue+3 more

The fund aims to support the technological transfer of projects primarily from the Mondragon Corporation's environment, transforming existing ideas and proof-of-concepts into viable business ventures.

90/ 110Grade A-

Investments

54

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
23 / 30
Portfolio Outcomes
38 / 40
19
Energy, Environment & MobilityHealthcare & Life SciencesCommerce & MarketingSoftware & Developer Tools+1 more
app-basedon-demandurban-mobilityexoskeletonmedical-devicesmobility+3 more
90/ 110Grade A-

Investments

9

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
31 / 40
20

K Fund

SeedSpain
Software & Developer ToolsCommerce & MarketingHealthcare & Life SciencesFinance & BlockchainConsumer, Lifestyle & ServicesEnergy, Environment & Mobility+3 more
aiartificial-intelligenceautomationdigital-healthhealthcarecloud+3 more

K Fund invests €100k to €10M in entrepreneurs creating differentiated technology-based products and services, backing contrarians and outsiders. The text does not specify stage, sectors, or geography explicitly.

89/ 110Grade A-

Investments

94

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
5 / 25
Deal Volume
30 / 30
Portfolio Outcomes
39 / 40
21

Galdana Ventures

Series C+Spain
Software & Developer ToolsIndustry & HardwareCommerce & MarketingConsumer, Lifestyle & Services+1 more
complianceinvestigationslegal-servicessports-technologyemployee-experienceenterprise-software+3 more

Galdana Ventures invests in top-tier venture capital firms globally, backing game-changing companies. They focus on creating value through strategic partnerships and access to global tech markets.

89/ 110Grade A-

Investments

18

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
22
Software & Developer ToolsHealthcare & Life SciencesCommerce & MarketingConsumer, Lifestyle & ServicesIndustry & HardwareEnergy, Environment & Mobility+3 more
data-analyticse-commerceclinical-stageiotprocess-optimizationhealthcare-software+3 more

Criteria Capital Risc invests in innovative companies at early stages, focusing on technology, biotechnology, and health sectors. It operates through specialized vehicles, Criteria Venture Tech and Criteria Bio Ventures, supporting startups with capital and active development assistance.

88/ 110Grade A-

Investments

74

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
23 / 30
Portfolio Outcomes
40 / 40
23
Healthcare & Life SciencesSoftware & Developer ToolsConsumer, Lifestyle & ServicesEnergy, Environment & MobilityCommerce & MarketingFinance & Blockchain+3 more
healthcaredigital-healthsustainabilitydigital-therapeuticscarbon-footprintplant-based+3 more

Ship2B Ventures invests in startups focused on aging, children’s health, and the climate transition.

88/ 110Grade A-

Investments

65

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
24

Sabadell

SeedSpain
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesEnergy, Environment & MobilityFinance & Blockchain+3 more
aihr-techautomationartificial-intelligencecybersecurityeducational-games+3 more

Founded in 2015, Sabadell Venture Capital is the venture capital arm of Banco de Sabadell, based in Barcelona, Spain. The firm prefers to invest in companies operating in the business-to-consumer, digital, and technology sectors.

87/ 110Grade A-

Investments

58

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
8 / 25
Deal Volume
24 / 30
Portfolio Outcomes
40 / 40
25

Inclimo

SeedSpain
Commerce & MarketingEnergy, Environment & MobilitySoftware & Developer ToolsIndustry & HardwareConsumer, Lifestyle & Services+2 more
mobile-appinstant-pricingsecond-hand-booksrecyclingscrap-metalwaste-management+3 more

Inclimo invests in sustainability-driven technology companies leveraging AI and SaaS to optimize agricultural productivity and address climate change and food security challenges globally.

87/ 110Grade A-

Investments

22

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
27 / 30
Portfolio Outcomes
29 / 40

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. 120 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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