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Seed Gipuzkoa operates as an early-stage venture capital fund, strategically co-managed by Gestión de Capital Riesgo del País Vasco and Spri Group. Based in Bilbao, Spain, the fund primarily builds a portfolio by investing capital into nascent companies. It focuses on providing essential financial backing to promising startups, enabling their initial growth and development within the regional innovation ecosystem. The fund’s core function is to identify and nurture early-stage enterprises that demonstrate potential for significant impact and expansion.
The fund emerged from a collaborative regional initiative, rather than being founded by specific individuals, with its inception driven by the strategic insight to stimulate economic dynamism and technological advancement within the Basque Country. Its formation reflects a commitment from regional entities to bridge the funding gap often faced by emerging businesses. This cooperative structure allows for leveraging public sector resources and expertise to foster a robust entrepreneurial environment in the region.
Seed Gipuzkoa targets innovative startups seeking critical seed funding to develop their concepts and achieve market validation. Its vision is centered on cultivating a vibrant local economy by fueling entrepreneurship and supporting the creation of high-growth businesses. The fund aims to be a foundational partner for these companies, contributing to the broader economic development and job creation within its operational area.
Seed Gipuzkoa has 2 tracked investments across 1 company. The latest tracked deal is $11.7M Seed in Multiverse Computing in October 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 20, 2021 | Multiverse Computing | $11.7M Seed | JME Ventures | LKS, Mondrag, Penja Strategy, Quantonation, Easo Ventures, Ezten Venture Capital Fund, Ikerlan, Inveready |
| Nov 17, 2020 | Multiverse Computing | $1.8M Other Equity | — | Easo Ventures, Mondrag, Pedro Luis Uriarte, Quantonation |