GESTIÓN DE CAPITAL RIESGO
DEL PAÍS VASCO

Logo SPRI

Accelerating the
recovery and growth
of Basque companies

+ 0 MM€

Assets under management

+ 0

Portfolio companies

0

Managed funds

Who we are

At the Venture Capital Company of the SPRI Group, we provide financial resources and business support tools that include strategic advisory services, governance support, and co-investment alongside public and private stakeholders.

We do more than provide financing: we take temporary equity stakes in companies and actively support their management, acting as a strategic partner in their development.

 

We are an essential tool for the development, promotion, and transformation of Basque industry. A key lever for:

The development and implementation

of the Basque Government’s industrial policy.

The creation of new companies and industries,

fostering emerging sectors and the reindustrialization of Euskadi.

Supporting transformative projects

through public-private collaboration.

Anchoring strategic projects

in Euskadi.

Promoting and supporting

foreign investment in Euskadi.

A pioneering management company

Did you know we are the second oldest venture capital management company in Spain, registered as number 2 in the National Securities Market Commission (CNMV) registry?

A key public company

We are part of the SPRI Group, the Basque Business Development Agency, an entity of the Basque Government’s Department of Industry, Energy Transition and Sustainability dedicated to promoting Basque industry.

With an expert team

A management team with proven experience and expertise, operating under CNMV supervision.

Focused on strategic sectors

We direct investments toward strategic sectors aligned with the Euskadi Industry Plan 2030 and the challenge of industrializing the three major transitions: energy-ecological, technological-digital, and socio-healthcare.

Our funds

The funds we promote are structured around three major lines, allowing us to adapt to different stages of business maturity, strategic sectors, and growth models.

1_ Driving startups and innovative projects

We offer funds to support emerging companies in innovative sectors and projects based on disruptive technologies, from their earliest stages through growth and scaling phases. We invest in pre-seed, seed, and scale-up initiatives linked to strategic sectors such as deep tech, biosciences, digital transformation, energy, decarbonization, and the circular economy.

We create, validate, and scale innovative companies with high growth potential.

2_ Business growth and industrialization

We provide financial instruments to companies seeking to scale up, strengthen competitiveness, or undertake industrialization and expansion processes. We invest in both organic and inorganic growth to help consolidate industrial capabilities and accelerate business positioning.

We strengthen organizations with growth potential by supporting their expansion and consolidation.

3_ Business continuity and local roots

We also manage funds focused on succession processes in SMEs and worker-owned companies, as well as the growth and consolidation of cooperatives at any investment stage.

We help preserve economic activity, employment, and business roots in Euskadi.

We invest

We invest through venture capital entities with minority and temporary shareholdings

The funds we manage invest over a time horizon of between 5 and 10 years, in both newly created and established companies, strengthening their equity and increasing their financial stability.

Participation

Minority stakes.

Financial instruments

Equity, participating loans, convertible instruments, hybrid financing.

Investment

Direct investment in established companies, investments through joint ventures, newcos, etc.

Tailored made

We design each transaction structure according to the specific needs of the project.

Co-investments

We co-invest with other financial, institutional, and industrial investors.

Balanced contributions

Balanced contributions between promoters and funds. Public-private balance and collaboration.

Valuation

Methodologically and technically justified valuations.

Exit strategy

Clear exit visibility and profitability targets. 7–9 years.

Focusing on the industrialization of the three major transitions:

Energy - Ecological

  • Energy
  • Decarbonization
  • Circular economy
  • Electromobility

Technological - Digital

  • Advanced manufacturing
  • Digitalization
  • Robotics
  • Microelectronics

Socio-healthcare

  • Biosciences
  • Health
  • Silver economy

News

All the latest updates from the Venture Capital Company, on the Basque business blog.

Supporting companies throughout every stage of their lifecycle

Pre seed

Disruptive technologies and the creation of new companies in innovative sectors.

Seed

Investment in seed-stage projects in strategic sectors.

Series A

Scaling and growth of startups / SMEs.

Growth - Series B+

Support for scaling industrial capabilities through investments in organic and inorganic growth processes.

We have already invested in more than 500 companies in the Basque industrial ecosystem

1

Project submission

2

Initial meeting

to present the business project

3

Decision by the internal committee

based on alignment with investment criteria

4

Additional documentation

request

5

Analysis

by Basque Country Venture Capital Management

6

Approval

by the Investment Committee

7

Contract drafting

and formalization of the transaction

Contact

Contact our financial team


Call us at 944 790 192 , or email us at capitalriesgo@spri.eus