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Seed Capital Bizkaia

Europe, Pais Vasco, Spain, Bilbao

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Seed Capital Bizkaia frequently co-invest with?

Criteria Venture Tech
Europe, Catalonia, Spain, Barcelona
Co-Investments: 2
N
North America, Ohio, United States, Kent
Co-Investments: 1
GoHub Ventures
Europe, Comunidad Valenciana, Spain, Valencia
Co-Investments: 2
EASO Ventures
Europe, Pais Vasco, Spain, San Sebastian
Co-Investments: 4
Fundacion Creas
Europe, Madrid, Spain, Madrid
Co-Investments: 1
Ship2B
Europe, Catalonia, Spain, Barcelona
Co-Investments: 1
ENISA
Europe, Iraklion, Greece, Heraklion
Co-Investments: 1
S
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 2
IE
Europe, Asturias, Spain, Álava
Co-Investments: 2
GD
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 3

What are some of recent deals done by Seed Capital Bizkaia?

Revenant Industrial & Ports Machinery

Gordola, Ticino, Switzerland

Revenant returning to the revolution in internal logistics, container manipulators, and the remanufacturing of large tonelaje carretillas.

IndustrialMachinery Manufacturing
SeedMay 5, 2025
Amount Raised: $3,733,044
Emica Solar

Es, Oost-Vlaanderen, Belgium

Emica Solar is a company which develops the floating solar energy.

ManufacturingRenewable EnergySolar
SeedFeb 28, 2025
Amount Raised: $518,914
Begas Motor

Loeches, Madrid, Spain

Begas Motor designs and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS).

Industrial ManufacturingManufacturing
Series UnknownFeb 3, 2025
Amount Raised: $18,590,643
Mikrobiomik

Derio, Pais Vasco, Spain

Mikrobiomik is a biopharmaceutical company that provides innovative solutions for chronic diseases.

BiopharmaBiotechnologyMedicalTherapeutics
Series UnknownSep 10, 2023
Amount Raised: $1,178,755
CLCircular

Munguía, Pais Vasco, Spain

CLCircular is a digital company that provides real-time monitoring of logistics by implementing Big data, smart tags, and IoT devices.

Big DataDatabaseInternet of ThingsTransportation
SeedAug 3, 2023
Amount Raised: $1,095,050
Fisify

Bilbao, Pais Vasco, Spain

The first digital physiotherapy clinic 100% automated by AI and without any human intervention

Health CareWellness
SeedApr 19, 2023
Amount Raised: $985,662
Zetrack

Amorebieta, Pais Vasco, Spain

Zetrack is an agritechnology company with IoT technologies and new battery features.

AgricultureAgTechFarming
SeedJan 1, 2023
Amount Raised: $1,070,554
H2SITE

Lois, Galicia, Spain

H2SITE produces onsite and renewable H2 for small and medium companies.

EnergyRenewable Energy
Series AJun 30, 2022
Amount Raised: $13,098,057
Barbara

Bilbao, Pais Vasco, Spain

Barbara is the Edge AI platform to deploy and manage the lifecycle of AI models across distributed locations.

Artificial Intelligence (AI)Industrial AutomationIndustrial ManufacturingInfrastructureMachine LearningPower GridWater
SeedMay 11, 2022
Amount Raised: $2,785,665
APLANET

Bilbao, Pais Vasco, Spain

APLANET is an information technology company that provides CSR and sustainability programs.

Information TechnologySoftwareSustainability
SeedDec 3, 2021