Acurio Ventures
- Company typePrivate
- Founded2018
- HeadquartersBilbao, Spain
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Acurio Ventures does
Acurio Ventures is a Spain-based, CNMV-registered venture capital management entity (Acurio Ventures Partners, SGEIC, S.A., registry #143) headquartered in Bilbao, founded in 2018 by Diego Recondo and Hugo Fernández-Mardomingo and previously branded as All Iron Ventures until a September 2024 rebrand. The firm operates a two-pillar platform. The first pillar is direct early-stage investing, deploying capital primarily in seed and Series A rounds across European tech startups (with opportunistic US and Latin America exposure), with initial checks up to €3M, single-digit ownership targets, and selective follow-on support through Series B. Investments are executed through vehicles such as Acurio Ventures Fund III, FCR and Acurio Ventures III, SCR, S.A. The second pillar is a fund-of-funds program (anchored by AIV Bilbao FDF I, FCR) that provides limited partners diversified exposure to top-tier European VC managers through primary commitments, secondaries, and structured transactions. Combined cumulative fundraising across the three publicly disclosed vehicles is approximately €246.5M, and the firm references ~€400M in prior AUM managed by the team, with a portfolio of ~100+ companies that have collectively raised over $5B and operate across 16+ markets. The firm does not offer a proprietary software product or public API; its underlying technology is internal tooling used to support investment analysis and LP servicing via an investor portal (alliron.vc.land/documents), and the team includes a Tech Lead (LLM/AI tooling) and a Strategy Manager (Big Data/BI) who support data-driven deal evaluation and portfolio monitoring. The revenue model is conventional fund management economics — 2%-class management fees on committed/invested capital across multiple share classes, with above-market GP commitment and carried interest on fund returns. Customers are European institutional and qualifying LPs committing across share classes (A, B, C, C1, C2, D1, D2), while the operational and go-to-market posture is relationship-driven, leveraging the founders' operator track records and a network of 150+ international co-investors.
Acurio Ventures firmographics
Firmographics- Name
- Acurio Ventures
- Legal name
- Acurio Ventures Partners, SGEIC, S.A.
- Website
- https://acurio.vc
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Acurio Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Venture Debt Providers (FSANAAAL)
- akta.pro secondary industry
- Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)
Keywords
Where Acurio Ventures is headquartered
LocationHeadquarters
- HQ city
- Bilbao
- HQ country
- Spain
- HQ region
- Europe
Markets served
Acurio Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fund management fees & carried interest: Operates multiple venture capital vehicles (e.g., Acurio Ventures Fund III FCR, Acurio Ventures III SCR SA, AIV Bilbao FDF I FCR). Generates revenue via traditional VC fund economics: management fees on committed/invested capital and carried interest on fund returns, with competitive fees and above-market GP commitment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Multiple share classes (A, B, C, D1, D2) across several fund vehicles with separate KID documents |
Go-to-market motion2 records
Acurio Ventures product offering
Product offeringCore offering
Acurio Ventures is a European venture capital management firm that deploys early-stage (pre-seed to Series B) capital into European tech startups through direct investments, primarily leading or co-leading seed and Series A rounds with initial checks up to €3M. It complements this direct investment pillar with a fund-of-funds program (AIV Bilbao FDF I FCR) that provides Limited Partners diversified exposure to top-tier European VC managers via primary commitments, secondaries, and structured transactions.
Product overview
Acurio Ventures is a European venture capital firm operating a two-pillar offering rather than a single software product. The first pillar is its Direct Investment Service, deploying early-stage (pre-seed to Series B) capital primarily into European tech startups via vehicles including Acurio Ventures Fund III, FCR and Acurio Ventures III, SCR, S.A. The second pillar is its Fund of Funds Program (anchored by Acurio Ventures' AIV Bilbao FDF I, FCR vehicle), which provides LPs diversified exposure to top-tier European VC managers through primary commitments, secondaries, and structured transactions. Both pillars are supported by an Investors Portal (alliron.vc.land/documents) for LP document access and reporting. Acurio Ventures does not offer a unified SaaS platform; instead, its "products" are fund vehicles and the related LP services surrounding them, with offices in Bilbao, Madrid, and London.
Differentiator
Problem solved
Functional benefit
Products and services
- Acurio Ventures Fund III, FCR
- Acurio Ventures III, SCR, S.A.
- AIV Bilbao FDF I, FCR
- Acurio Ventures Direct Investment Service
- Acurio Ventures Fund of Funds Program
- Investors Portal
Companies that use Acurio Ventures
Customer profileIdeal customer profiles2 records
Acurio Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Acurio Ventures partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
Acurio Ventures competitors and assessment
Company assessmentDirect peers
- Samaipata: Pan-European seed VC founded by eFounders alumni, investing in digital marketplaces and SaaS across Europe; comparable in stage, check size, and European early-stage focus.
- Kfund: Spain-based early-stage VC investing in Spanish and European tech startups; co-invested with Acurio Ventures in Crescenta's seed and follow-on rounds, indicating directly comparable stage, geography, and LP base.
- Adara Ventures: Spanish/European early-stage B2B tech VC; co-led TandemTrace's seed round with Acurio Ventures in 2025, demonstrating identical pre-seed/seed focus and Iberian-LatAm coverage.
- Seaya Ventures: Spain-headquartered early-to-growth VC investing across Southern Europe and LatAm; comparable in geography, stage, and sector-agnostic thesis to Acurio Ventures.
- JME Ventures: Madrid-based seed and Series A VC focused on Spanish and European tech startups; directly comparable in stage, geography, and check size range to Acurio Ventures.
- FJ Labs: US-headquartered early-stage VC with strong European and LatAm presence; co-invested with Acurio in Crescenta's €5M round, sharing similar stage, sector-agnostic thesis, and follow-on orientation.
Broad incumbents
- Speedinvest: Vienna-based European early-stage VC with multiple sector-focused funds and ~€1B+ AUM; comparable to Acurio at the early-stage European layer but significantly larger and more specialized.
- Earlybird Venture Capital: Established European early-stage VC operating across multiple geographies and stages; larger incumbent peer operating in overlapping European seed/Series A territory.
- Index Ventures: One of Europe's largest and most successful venture firms with multi-billion AUM and global reach; a broad incumbent that competes with Acurio for top-tier European deals at a much larger scale.
Emerging players
- Left Lane Capital: US-headquartered growth VC focused on consumer internet and emerging consumer brands; led the Lexroom $50M Series B in which Acurio participated, illustrating cross-Atlantic co-investment dynamics in European deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Acurio Ventures social profiles
Digital presenceAcurio Ventures compliance and trust
Trust signalCompliance3 records
Acurio Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acurio Ventures leadership team
Management profileNumber of profiles
Profiles8 records
Acurio Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acurio Ventures M&A and investment
M&A and investmentM&A
Investments112 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Acurio Ventures
What does Acurio Ventures do?
Acurio Ventures is a European venture capital management firm that deploys early-stage (pre-seed to Series B) capital into European tech startups through direct investments, primarily leading or co-leading seed and Series A rounds with initial checks up to €3M. It complements this direct investment pillar with a fund-of-funds program (AIV Bilbao FDF I FCR) that provides Limited Partners diversified exposure to top-tier European VC managers via primary commitments, secondaries, and structured transactions.
Is Acurio Ventures a public or private company?
Acurio Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Acurio Ventures founded?
Acurio Ventures was founded in 2018. It employs 11 to 50 people.
Where is Acurio Ventures based?
Acurio Ventures is headquartered in Bilbao, Spain, in the Europe region.
How does Acurio Ventures make money?
One revenue line is on record: fund management fees & carried interest.
Who are Acurio Ventures's main competitors?
Direct peers on record are Samaipata, Kfund, Adara Ventures, Seaya Ventures, JME Ventures and FJ Labs. Broad incumbents are Speedinvest, Earlybird Venture Capital and Index Ventures. Left Lane Capital is listed as an emerging player.
Does Acurio Ventures have an API?
No public API is recorded for Acurio Ventures.
What industry is Acurio Ventures in?
Acurio Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAL, Venture Debt Providers, with a secondary code of FSANAGAF, Emerging Manager / Seeding Platforms (Multi-Manager). Its NAICS code is 523940 and its SIC code is 6211.