What Inveready does

Inveready is a Spanish alternative investment and wealth management firm founded in 2008 and headquartered in San Sebastián, with additional offices in Barcelona and Madrid. The firm operates three integrated business lines: Alternative Assets (direct investments through regulated funds across six strategies — venture capital, life sciences, venture debt, strategic public equity, private equity, and infrastructure), Wealth Management (private banking and family office solutions delivered as agents of Andbank, plus club deal co-investments and R&D financing), and Investment Funds (value-investing public market funds via the True Value brand). It does not operate a technology platform product; its offering is services-based fund management and financial advisory.

The firm manages €2.4 billion in assets under management, has invested in over 200 portfolio companies, and reports 60+ exits including transactions involving Intel, Symantec, IBM, and Facebook and IPOs on Nasdaq, BME Growth, AIM London, and Euronext. Distribution combines direct sales via an investor portal and relationship managers with channel partnerships (Andbank for private banking; Banco Santander via the Trainera Fund, described as the largest venture debt fund registered in Spain; Terram Capital for private debt). A 54-person team executes across the strategies, supported by dedicated functions in legal & ESG, controlling & risk, valuation, and digital transformation.

Revenue is generated through management fees on regulated alternative investment funds, carried interest on fund performance, and fees from wealth management advisory services to family offices and HNWIs. Inveready also operates co-investment and club deal structures for qualified investors and has an R&D tax lease instrument (Inveready Tax Lease) for biotech and tech companies. The firm is recognized by SpainCap and Preqin, and is registered with Spain's CNMV across multiple regulated fund vehicles (S.C.R., S.A., and F.C.R. structures).

Name

Inveready

Legal name

Inveready

Website

https://inveready.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Inveready is a Spanish alternative investment and wealth management firm managing €2.4 billion across six strategies (venture capital, life sciences, venture debt, public equity, private equity, infrastructure) and serving family offices, HNWIs, and institutional investors across Iberia.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Finance and Insurance (52), Open-End Investment Funds (525910), Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (52315)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Venture Debt Providers (FSANAAAL)

akta.pro secondary industries

Independent Venture Debt Funds / Platforms (FSANAIAB), Private Client/High-Net-Worth Advisory (FSAEAAAN), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

Keywords

• Alternative asset management
• Venture capital funds
• Venture debt financing
• Private equity management
• Wealth management services

Headquarters

HQ city

San Sebastian

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Alternative Assets Management Fees: Inveready generates revenue through management fees charged on its regulated alternative investment funds (venture capital, life sciences, venture debt, private equity, infrastructure), as well as carried interest on fund performance. The firm also earns fees through its wealth management services and traditional public investment fund management.
2. Wealth Management Advisory: Revenue is generated through financial advisory and portfolio management services provided to family offices and HNWIs via its private banking operations, including services as agents of Andbank.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Inveready is an alternative investment firm that manages regulated investment funds across six strategies — venture capital, life sciences, venture debt, strategic public equity, private equity and infrastructure — deploying capital into Spanish small and mid-market companies. The firm complements this with private banking and portfolio management for family offices and HNWIs (as agents of Andbank) and traditional value-investing public market funds under the True Value brand. Inveready also runs club deals, co-investments and an R&D tax-lease financing instrument, all sourced and executed from its San Sebastián, Barcelona and Madrid offices.

Product overview

Inveready operates as a comprehensive financial services platform offering three integrated business lines: Alternative Assets (direct investments through regulated funds in six strategies: Venture Capital, Life Sciences, Venture Debt, Strategic Public Equity, Private Equity, and Infrastructure), Wealth Management (private banking and alternative investment solutions for family offices and HNWIs through services including Private Banking as Andbank agents, Family Office Planning, Club Deal co-investments, and R&D Financing), and Investment Funds (traditional funds in equity and niche fixed income markets via True Value brand). The platform manages €2.4bn in assets across 1.5 billion in alternative assets, with over 150 portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Expansion-to-growth stage investment strategy (Series A onwards) investing in high-growth digital tech and industrial companies in Spain and Europe.
• Life Sciences (Biotech) Investment strategy focused on therapeutics, bioprocessing, digital health, diagnostics, medtech and consumer health, led by Sara Secall with multiple specialized biotech vehicles (Inveready Biotech I-IV).
• Venture Debt Non-dilutive financing for Series A onwards companies with strong credit profiles and significant equity upside; executed through successive Inveready Venture Finance vehicles and the Trainera Fund partnered with Banco Santander.
• Strategic Public Equity Investments in listed small and mid caps through PIPEs and structured products in European alternative stock markets such as BME Growth, Euronext Growth and AIM London.
• Private Equity Flexible investment approach in solid Iberian companies with long track records, spanning minority investments to traditional LBOs (e.g., Grupo Uvesco).
• Infrastructure Investment in telecom infrastructure assets (notably through the Inveready Telecom Opportunities fund), with focus on brownfield FTTH and backhaul assets.
• Trainera Venture Debt Fund The largest Venture Debt fund registered in Spain, launched in partnership with Banco Santander; managed by Inveready. Provides non-dilutive growth capital to Spanish startups.
• Private Banking (Andbank Agency) Independent financial advisory and discretionary portfolio management services provided to family offices and HNWIs as agents of Andbank.
• Family Office Planning Advisory and management services for alternative investments through tailor-made funds, including venture capital and private equity strategies for family offices.
• Club Deal Proprietary investment opportunities and co-investments in alternative assets with comprehensive origination, execution, follow-up and exit services for qualified investors.
• R&D Financing (Tax Lease) Co-financing instruments with attractive returns, particularly in biotech and tech sectors, based on R&D projects and tax lease optimization.
• True Value Funds (Equity and Fixed Income) Value investing funds for public markets, including equity and high yield fixed income funds in niche markets, managed by José Luis Benito and Alejandro Estebaranz under the True Value brand acquired in 2022.

Quantifiable outcome

• 60+ exits materialized over 15+ years, including acquisitions by Intel, Symantec, IBM, Facebook and IPOs on Nasdaq, BME Growth, AIM London, Euronext
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• AndbankcoreChannel Partner/ Reseller/ DistributorInveready operates as agents of Andbank, a leading specialized private banking group in Spain. Inveready's private banking team provides independent financial advisory and portfolio management services to clients through this partnership.
• Adeslas DentalminorOthersBiteRight, an Inveready portfolio company since 2021, integrated its digital implantology platform into the Adeslas Dental clinic network. The platform provides advanced diagnosis, digital planning, and guided surgery in a single protocol.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Clave Capital: Spanish venture capital firm investing across tech, life sciences, and industrial sectors. Direct peer to Inveready's VC and life sciences strategies with overlapping Iberian mid-market deal flow.
• CriteriaCaixa Venture Capital: Spanish VC/PE arm of CriteriaCaixa managing multi-strategy alternatives. Closely comparable to Inveready's broad multi-strategy platform across VC, growth, and PE in Iberia.
• Miura Partners: Spanish mid-market private equity firm managing multiple alternative strategies in Iberia. Comparable in size, strategy breadth, and target deal segment to Inveready's private equity and infrastructure verticals.
• Corpfin Capital: Spanish lower-mid-market PE firm with multiple fund vintages. Direct peer in the Iberian mid-market PE space with comparable ticket sizes and sector focus.
• Nazca Capital: Spanish mid-market PE firm focused on growth and LBO transactions in Iberia. Comparable in fund strategy, geography, and target company profile to Inveready's PE vertical.
• MCH Private Equity: Iberian mid-market PE firm managing multiple buyout and growth funds. Comparable in AUM scale, strategy, and Iberian focus to Inveready's PE and growth strategies.
• Bullnet Capital: Spanish early-stage VC firm investing in deep tech and digital. Comparable to Inveready's digital tech venture capital fund in geography, stage, and sector orientation.
• GED Capital: Spanish alternative asset manager investing across PE, infrastructure, and venture debt in Iberia. Comparable multi-strategy platform to Inveready with overlapping geographies.

Broad incumbents

• Sabadell Venture Capital (BS Capital): Corporate venture capital arm of Banco Sabadell. Comparable to Inveready's venture debt and VC activities; Inveready's Ignacio Puig previously led Sabadell Venture Capital, evidencing overlap.
• Andbank: Andorran private banking group; Inveready operates as agents of Andbank for wealth management. Comparable as a wealth management / private banking platform serving HNWIs and family offices in Iberia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/inveready
• LinkedInlinkedin.com/company/inveready

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments289 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inveready