Kibo Ventures
Kibo Ventures is a Madrid-based European technology investment platform operating two strategies — early-stage VC (Kibo Ventures) and private equity (Kibo Nzyme) — managing over €500M across six funds, having backed 80+ companies with 22 exits including a Nasdaq IPO.
- Company typePrivate
- Founded2012
- HeadquartersMadrid, Spain
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Kibo Ventures does
Kibo Ventures is a Madrid-headquartered European technology investment platform founded in August 2012 by Aquilino Peña, Javier Torremocha, and José Mª Amusátegui. It operates two distinct fund strategies under one platform: Kibo Ventures (early-stage venture capital, leading or co-leading pre-Series A and Series A rounds with €2m-€6m initial tickets targeting 10-20% ownership, focused on B2B, Deep Tech, AI, and Cybersecurity) and Kibo Nzyme (private equity, with a €160m Fund I dedicated to accelerating the transformation of established B2B services and software companies through technology and market consolidation).
The platform has grown from an initial €43m fund to over €500m raised across six funds, is staffed by 25 professionals led by the founding partners and a Non-Executive Chairman (Sunir Kapoor), and has backed more than 80 portfolio companies. Its business model is conventional fund management — earning management fees (typically ~2% of AUM) on committed/invested capital plus carried interest on exits — with revenue and investment pacing governed by fund vintage cycles. The firm reports 22 portfolio exits, including Flywire's Nasdaq IPO (the first Spanish startup to list on Nasdaq), and acquisitions by Apple (Vilynx), Crowdstrike (Onum), Airbnb, PayPal, and Groupon (via Blink).
The firm's GTM motion is direct and relationship-driven: sourcing deals through its founder/co-investor/corporate network, active participation in European VC summits, and partnership with public innovation agencies (notably CDTI Innovación, which committed up to €73.5M to Fund IV in late 2025). Portfolio activity is concentrated on Spanish and broader European technology founders, with a clear recent thematic tilt toward AI-native and cybersecurity ventures.
Kibo Ventures firmographics
Firmographics- Name
- Kibo Ventures
- Legal name
- Kibo Ventures
- Website
- https://kiboventures.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Kibo Ventures is a Madrid-based European technology investment platform operating two strategies — early-stage VC (Kibo Ventures) and private equity (Kibo Nzyme) — managing over €500M across six funds, having backed 80+ companies with 22 exits including a Nasdaq IPO.
- Ownership category
- akta.pro rank
Kibo Ventures industry classification
Industry- Product category
- Venture Capital & Private Equity
- NAICS
- All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Kibo Ventures is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Kibo Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Venture Capital Fund Management: Kibo Ventures manages VC and PE funds, earning management fees and carried interest from successful exits. They have grown from an initial €43m fund to over €500m raised across six funds.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Kibo Ventures product offering
Product offeringCore offering
Kibo Ventures is a European venture capital and private equity investment platform managing more than €500M across six funds. It leads or co-leads pre-Series A and Series A rounds in technology startups with initial investments of €2m–€6m, targeting 10–20% ownership, with a bias for B2B, Deep Tech, AI, and Cybersecurity. Through its Kibo Nzyme strategy (Fund I of €160M), it also provides private equity capital to accelerate the transformation of established companies through technology and market consolidation, while offering portfolio companies hands-on support in strategy, talent, and growth.
Product overview
Kibo Ventures operates as a European multi-strategy technology investment platform with two distinct fund products: Kibo Ventures (Venture Capital) managing early-stage investments from pre-Series A to Series A with €2m-€6m initial tickets, and Kibo Nzyme (Private Equity) focused on established company transformation through €160m Fund I. Combined, the platform manages over €500M across six funds, having backed 80+ companies with 22 exits including a Nasdaq IPO.
Differentiator
Problem solved
Functional benefit
Products and services
- Kibo Ventures Venture Capital Fund European venture capital investment fund that leads or co-leads pre-Series A or Series A rounds with initial investments of €2m–€6m, targeting 10–20% ownership. B2B focus with bias for Deep Tech, AI, and Cybersecurity, providing hands-on support in strategy, talent, and growth to portfolio founders.
- Kibo Nzyme Private Equity Fund Private equity strategy designed to accelerate the transformation of established companies through partnership with management teams, driving growth, integration, and market leadership. Fund I of €160M focused on B2B services and software companies.
- Kibo Ventures Fund IV Kibo Ventures' fourth VC fund, sized at €120M, investing in European technology startups with focus on deep tech, data, AI infrastructure, and related sectors, supporting pan-European expansion from seed to Series A stages.
Quantifiable outcome
- 22 exits including a Nasdaq IPO and exits to Apple, Airbnb, Crowdstrike, and PayPal
- +1 more outcomes
Companies that use Kibo Ventures
Customer profileSegments1 record
Ideal customer profiles2 records
Kibo Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Kibo Ventures partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Singapore GovernmentminorSingapore Government is a customer of Anyformat, a Kibo Ventures portfolio company.
- L'Oréal GroupminorL'Oréal Group is a customer of Anyformat, a Kibo Ventures portfolio company.
- IAG GroupminorIAG Group is a customer of Anyformat, a Kibo Ventures portfolio company.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Kibo Ventures competitors and assessment
Company assessmentDirect peers
- Atomico: London-based European tech VC founded by Skype's Niklas Zennström. Comparable as a pan-European deep tech and internet investor at Series A/B stages, though typically writing larger tickets than Kibo.
- Speedinvest: Vienna-based European early-stage VC with a deep tech, AI, and enterprise software focus. Closely comparable to Kibo on stage (Series A), sector bias, and pan-European footprint with a similar fund-size profile.
- Earlybird Venture Capital: Berlin-based European early-stage VC investing across Seed and Series A in tech. Comparable on stage focus, pan-European orientation, and similar fund-size discipline to Kibo Ventures.
- Creandum: Stockholm-based European early-stage VC backing tech founders from seed to Series A. Comparable stage focus and pan-European thesis, with a complementary Nordic geography.
- Balderton Capital: London-based European Series A specialist. Directly comparable on stage and geography, though typically writing larger checks and operating at a larger fund size than Kibo.
- Seaya Ventures: Madrid/Paris-based European VC investing in early-stage tech. Closely comparable on Spanish/European footprint, stage focus, and co-investment activity (Seaya has co-invested with Kibo in NeuralTrust).
- JME Ventures: Madrid-based Spanish early-stage VC investing in tech startups. Comparable on geography, stage, and check size to Kibo Ventures, making it a direct Spanish-market peer.
Broad incumbents
- Index Ventures: London/San Francisco/Geneva-based global VC with major European presence and a strong track record of European tech outcomes. Overlaps with Kibo on stage and geography but operates at much larger fund sizes.
- Accel: Global VC with a major London operation focused on European early-stage technology investing. Comparable on European Series A activity but competes with significantly larger funds and a broader stage range.
Regional players
- Caixa Capital Risc: Barcelona-based venture arm of 'la Caixa' focused on Spanish early-stage tech investing. Comparable on stage and Spanish regional focus, but as a corporate-backed investor with a different capital structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Kibo Ventures social profiles
Digital presenceKibo Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kibo Ventures leadership team
Management profileNumber of profiles
Profiles13 records
Kibo Ventures subsidiaries and ownership
Company hierarchySubsidiaries1 record
Kibo Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kibo Ventures M&A and investment
M&A and investmentM&A
Investments132 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kibo Ventures
What does Kibo Ventures do?
Kibo Ventures is a European venture capital and private equity investment platform managing more than €500M across six funds. It leads or co-leads pre-Series A and Series A rounds in technology startups with initial investments of €2m–€6m, targeting 10–20% ownership, with a bias for B2B, Deep Tech, AI, and Cybersecurity. Through its Kibo Nzyme strategy (Fund I of €160M), it also provides private equity capital to accelerate the transformation of established companies through technology and market consolidation, while offering portfolio companies hands-on support in strategy, talent, and growth.
Is Kibo Ventures a public or private company?
Kibo Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Kibo Ventures founded?
Kibo Ventures was founded in 2012. It employs 1 to 10 people.
Where is Kibo Ventures based?
Kibo Ventures is headquartered in Madrid, Spain, in the Europe region.
How does Kibo Ventures make money?
One revenue line is on record: venture Capital Fund Management.
Who are Kibo Ventures's main competitors?
Direct peers on record are Atomico, Speedinvest, Earlybird Venture Capital, Creandum, Balderton Capital, Seaya Ventures and JME Ventures. Broad incumbents are Index Ventures and Accel. Caixa Capital Risc is listed as a regional player.
Does Kibo Ventures have an API?
No public API is recorded for Kibo Ventures.
What industry is Kibo Ventures in?
Kibo Ventures's product category is Venture Capital & Private Equity. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 52399 and its SIC code is 6282.