Venture capital funds in Spain
5 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 3 single-deal vehicles (SPVs and co-investments). Largest cities: Madrid (3), Barcelona (2).
5venture capital funds
2emerging managers
1first sale since 2025
$499Kmedian raised
All 5 venture capital funds in Spain
Fund
First sale
Raised
Investors
Minimum
Offering
201 Ventures Fund I LP
Madrid, SpainEmerging506(c)Offshore
First saleNov 2023
Raised$23.1M
Investors53
MinimumNone set
Offering506(c)
Adara Ventures IV, FCRE
Madrid, SpainEmergingOffshore
First saleMay 2025
Raised$499K
Investors7
Minimum$588K
Offering506(b)
OrionVC Seed Fund I, L.P.
Barcelona, SpainOffshore
First sale—
Raised$100K
Investors0
MinimumNone set
Offering506(b)
201 Ventures Fund II LP
Madrid, SpainOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Baobab Ventures Fund I LP
Barcelona, SpainOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)