Seed Capital Bizkaia
Description
Seed Capital Bizkaia is a public entity established by the Provincial Council of Bizkaia, Spain, with a core mission to foster economic development and social innovation within the Bizkaia territory. The firm primarily targets new or existing companies that are committed to developing socially impactful projects, emphasizing sustainability and innovation. As a public instrument, its objective extends beyond pure financial returns, aiming to stimulate the local entrepreneurial ecosystem and support ventures that align with regional strategic priorities.
The firm specializes in early-stage investments, focusing on companies in their seed or start-up phases. Seed Capital Bizkaia provides financing through various mechanisms, including equity loans, convertible loans, and direct capital contributions. Their investment strategy is characterized by a commitment to minority stakes, typically participating with a maximum of 49% of a company's share capital. This approach allows founders to retain significant control while benefiting from the firm's financial backing and strategic support.
Seed Capital Bizkaia's typical first cheque size for a single project can range from approximately $54,000 (€50,000) up to a maximum of around $216,000 (€200,000). This range underscores their dedication to supporting very early-stage ventures that may require initial capital to validate their concepts, develop prototypes, or achieve early market traction. The firm's focus on the Bizkaia region ensures that its investments directly contribute to local job creation and economic diversification, reinforcing its role as a key player in the Basque Country's innovation landscape.
Investor Profile
Seed Capital Bizkaia has backed more than 27 startups, with 3 new investments in the last 12 months alone. The firm has led 7 rounds, about 26% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in Spain, Belgium, Switzerland.
- Strong thematic focus on Biotechnology, Manufacturing, Software.
- Led 1 rounds in the past year.
- Typical check size: $54K – $216K.
Stage Focus
- Seed (56%)
- Series Unknown (33%)
- Series A (7%)
- Private Equity (4%)
Country Focus
- Spain (93%)
- Belgium (4%)
- Switzerland (4%)
Industry Focus
- Biotechnology
- Manufacturing
- Software
- Industrial Manufacturing
- Health Care
- Therapeutics
- Medical
- Advertising
- Internet
- Logistics
Frequently Asked Questions
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