Sabadell Venture Capital

What Sabadell Venture Capital does

Sabadell Venture Capital is the corporate venture capital division of Banco Sabadell, headquartered in Barcelona and operating as part of the BS Capital umbrella. Founded in 2015, it targets seed and Series A equity investments in digital and technology startups, primarily Spanish-based with international ambition, acquiring minority stakes through capital expansions. Investment tickets range from €200,000 to €2,000,000 per company, with follow-on capacity up to €2,000,000 per portfolio company. The unit complements its core equity offering with a Venture Debt product (launched in 2017 as the first of its kind offered by a Spanish bank), which packages fixed interest payments and equity participation over typical three-year maturities, designed to extend runway between equity rounds without excessive dilution.

The firm operates a layered ecosystem: BStartup 10 (jointly with Banco Sabadell's Commercial Banking division since 2013) provides pre-seed and seed funding at €1M per year across ten companies; Sabadell Asabys (2018) and BStartup Health address life-sciences and health-sector verticals; and direct co-investments through Ysios Biofund II/III extend the platform into life sciences. The European Investment Fund's InnovFin guarantee, granted in 2020 with EU Horizon 2020 backing, de-risks the venture debt book. The portfolio exceeds 100 startups since 2014, with 80% still active and 37.5% focused on decarbonization or health themes. Recent disclosed transactions include co-investments in Zazume (€2.5M Series A, June 2026), Amelia (€5M seed, March 2026), and Cofers ($1.5M seed, November 2025), the latter being the unit's first disclosed Mexican investment and signaling LATAM intent. The division is staffed by a small team of approximately seven investment professionals under Managing Director Sergio Pérez Merino, with BS Capital oversight from Raúl Rodriguez Sabater.

Name

Sabadell Venture Capital

Legal name

Sabadell Venture Capital

Website

https://sabadellventurecapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Sabadell Venture Capital is the corporate VC division of Banco Sabadell, providing seed and Series A equity investments (€200K–€2M) and venture debt to early-stage Spanish digital and technology startups, operating sub-brands BStartup, Sabadell Asabys, and BStartup Health.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)

akta.pro secondary industry

Venture Debt with Warrants (Hybrid Debt-Equity) (FSANAIAI)

Keywords

• Venture capital investing
• Venture debt financing
• Seed stage equity
• Series A investments
• Startup financing

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Equity Investment Returns: Acquisition of minority stakes in startups through capital expansions at seed and Series A stages. Returns generated through equity appreciation and exit events (M&A or IPO).
2. Venture Debt Interest and Equity Participation: Hybrid debt instrument combining fixed interest payments with equity participation (percentage of company equity). Debt typically matures in 3 years with monthly or quarterly interest payments and principal amortization.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sabadell Venture Capital deploys minority equity capital (€200K–€2M per company) into Spanish digital and technology startups at seed and Series A stages, with follow-on capacity up to €2M per portfolio company. It also provides Venture Debt financing (€200K–€2M) — a hybrid instrument combining fixed interest payments with an equity participation percentage — designed to extend runway between equity rounds without excessive dilution. The unit is complemented by BStartup 10, BStartup Health, and Sabadell Asabys sub-brands covering pre-seed through health-sector growth investments.

Product overview

Sabadell Venture Capital is the Venture Capital division of Banco Sabadell, offering two main financial instruments: Venture Capital (equity investments acquiring minority stakes in seed and Series A startups) and Venture Debt (hybrid financing between equity and debt for Series A+ companies). The division also operates specialized sub-brands including BStartup 10 for pre-seed/seed investments, BStartup Health for health sector projects, and Sabadell Asabys for dedicated health VC investments. The firm targets digital and technology companies (SaaS, mobile apps, marketplaces, e-commerce, big data, IoT, e-health) in Spain with international vision, with investment ranges from €200,000 to €2,000,000 and follow-on capacity up to €2,000,000 per portfolio company.

Differentiator

Problem solved

Functional benefit

Brands

• BStartup: Banco Sabadell's startup and scaleup investment service that financed over €500 million and invested more than €15.3 million in direct investment during 2025, with a portfolio exceeding 100 startups.
• BStartup 10
• BStartup Health
• Sabadell Asabys

Products and services

• Venture Capital (Equity Investments) Minority equity investments of €200K–€2M in early-stage digital and technology startups at seed and Series A stages, acquired through capital expansions with follow-on capacity up to €2M per portfolio company.
• Venture Debt Hybrid financing instrument (€200K–€2M) combining fixed interest payments with an equity participation percentage. Typical 3-year maturity with monthly or quarterly interest payments and principal amortization.
• BStartup 10 Pre-seed and seed investment program investing €1M per year in 10 technology and digital companies per year, jointly run with Banco Sabadell's Commercial Banking division.
• Sabadell Asabys Specialized venture capital vehicle dedicated to investments in the health sector, created with promoters Josep Lluís Sanfeliu and Clara Campas.
• BStartup Health Investment program for very early-stage (pre-seed and seed) health projects where investment validates technology and market fit, run jointly with Banco Sabadell's Commercial Banking division.

Named customers25 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Sabadell AsabyscoreStrategic or Co-development Partner · 1 January 2018Health sector-specific venture capital vehicle created by Sabadell Venture Capital with promoters Josep Lluís Sanfeliu and Clara Campas for investments in healthcare and life sciences.
• BStartup HealthminorStrategic or Co-development Partner · 1 January 2018Program created with Commercial Banking Direction for pre-seed and seed health projects, validating technology and market fit.
• BStartup 10coreStrategic or Co-development Partner · 1 January 2013Joint program with Commercial Banking division investing €1M per year in 10 technological and digital companies at pre-seed and seed phases.

Scale indicators7 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• BBVA Spark: Corporate venture capital arm of BBVA focused on early-stage technology startups in Spain and Latin America. Closest direct peer given the parallel Spanish-bank CVC structure, similar stage focus, and shared Spanish-speaking market.
• Caixa Capital Risc: Venture capital arm of CaixaBank investing in early-stage Spanish startups across technology and life sciences. Direct peer given the comparable Spanish-bank CVC structure, ticket sizes, and sector overlap including health via its Criteria BioMed vehicles.
• Santander X / Santander Corporate & Investment Banking ventures: Santander's startup and innovation platform with venture investment activity targeting early-stage Spanish and European founders. Comparable as a Spanish-bank-affiliated CVC pursuing similar startup engagement and equity participation strategies.
• Bankinter Capital Riesgo: Venture capital subsidiary of Bankinter focused on early-stage Spanish technology companies. Direct peer given shared Spanish-bank CVC model, similar investment sizes, and overlapping digital/technology target sectors.
• Inveready Asset Management: Spanish alternative asset manager with venture capital, venture debt, and growth debt strategies targeting Spanish technology companies. Direct peer given the matched venture debt offering, similar ticket sizes, and Spanish geographic focus.
• Nauta Capital: Pan-European venture capital firm with strong Spanish presence investing in early-stage B2B SaaS and digital businesses. Comparable as a Spanish-rooted VC operating at seed/Series A with similar sector breadth.
• 4Founders Capital: Spanish early-stage venture capital firm investing in B2B SaaS and digital businesses, co-invested with Sabadell VC in Cofers (Nov 2025). Direct peer given matched Spanish seed-stage focus and active co-investment relationship.

Regional players

• Enisa: Spanish state-owned financing entity providing early-stage loans and co-investment to Spanish SMEs and startups. Comparable as a Spanish-domestic public alternative funding source for startups at similar pre-seed and seed stages.

Others

• ICO (Instituto de Crédito Oficial): Spanish state-owned financial institution providing credit lines and guarantees to support Spanish entrepreneurship and SMEs. Comparable as an institutional counterparty enabling CVC-style risk-sharing on Spanish startup financing.

Emerging players

• Ysios Capital: Spanish venture capital firm specializing in life sciences investments, including a co-investment relationship with Sabadell VC's BS Capital via Ysios Biofund II/III. Comparable on the life sciences vertical and as an existing co-investment partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bstartup

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments78 records

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

Frequently asked questions about Sabadell Venture Capital