{"id":177,"date":"2014-06-03T12:00:18","date_gmt":"2014-06-03T10:00:18","guid":{"rendered":"https:\/\/startupxplore.com\/en\/blog\/?p=177"},"modified":"2018-12-03T17:09:56","modified_gmt":"2018-12-03T16:09:56","slug":"looking-funding-spain-active-vc-firms","status":"publish","type":"post","link":"https:\/\/startupxplore.com\/en\/blog\/looking-funding-spain-active-vc-firms\/","title":{"rendered":"Looking for VC in Spain? The most active venture capital firms"},"content":{"rendered":"

It’s in the news<\/a>. The Spanish Venture Capital scene is picking up steam<\/strong> and in recent months we’ve witnessed the launch of several VC firms that aim\u00a0to provide the capital necessary to fulfill the promises of Spain as a hub of innovation and entrepreneurship.<\/p>\n

To help those inside and outside the country better understand the Spanish ecosystem, we’ve put together a list of the top ten venture capital firms in the country. But first, let’s provide some context.<\/p>\n

Venture capital in Spain: An ecosystem with ups and downs<\/h2>\n

Although we won’t go as far as claiming there’s no Venture Capital industry in Spain<\/a>, it’s true that things have been a bit rough in the past few years and that the\u00a0gap with the rest of Europe in terms of VC investment per capita is still wide<\/a>. If we were to go\u00a0back in time a handful of years we would find a country with very few relevant VCs, but as the level of startups has increased in the country, so has the number and quality of the VCs.<\/p>\n

However, this increase in the number of players in the market hasn’t been able -yet- to stop the downward trend of the VC industry as a whole<\/strong>.\u00a0The number of VC investment has decreased since 2011, reached\u00a0\u20ac300.9 million euros. According to Web Capital Riesgo<\/a>, in 2013 venture capital firms from inside and outside Spain invested 208.5 million in Spanish companies: a 30% decline in just two years despite the fact that the total number of investments remained stable, at 377.<\/p>\n

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The industry is consolidating around a limited number of investment firms. Some that have been operating in the country for more than 10 years and others that have recently joined the party (Seaya Ventures or Lanta Digital Ventures). The following list includes what could be considered the 10 best firms in the country for early stage technology companies and the ones that, with the help of others,\u00a0will\u00a0improve and push the ecosystem forward.<\/p>\n

For every VC we will provide the following data: number of investments made since 2013, the total amount raised by startups in such rounds\u00a0(the capital invested by each VC in each round is not public) and co-investment mades between these 10 Spanish firms.<\/p>\n

The 10 most active funding VC firms in Spain.<\/h2>\n

Active Venture Partners<\/h3>\n

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Based in Barcelona and founded in 2004 by Philipp Schroedere, Christopher Pommerening and Ricard S\u00f6derberg, the firm raised its second fund of $54 million in late 2012. At the time of the announcement Active Venture Partners<\/a>\u00a0claimed that 80% of the amount raised would be invested in Spanish startups<\/strong>, allocating the rest to European and Latam companies.<\/p>\n

The firm was one of the main backers of BuyVIP, the online shopping club that was acquired by Amazon for $110 million in 2010. Since then it has invested in 10 more startups, mostly in the eCommerce sector, backing companies such as Whisbi, ReviewPro, Restalo or PackLink.<\/p>\n