Archipelago Next

What Archipelago Next does

Archipélago Next is a privately-held venture capital firm, registered as ARCHIPELAGO NEXT VENTURES SGEIC SA and headquartered in Las Palmas de Gran Canaria, Spain. The firm is the first VC manager born in the Canary Islands and invests in pre-seed and seed-stage Spanish B2B SaaS startups, deploying initial tickets of €150K–€500K with follow-on capacity up to €1M. Archipélago Next manages €25 million in assets under management across two vehicles: Fund I (vintage 2018, currently in divestment phase) and Fund II (vintage 2024, €20M target). Fund II was launched with backing from Fond-ICO Global through its 17th incubation call, making the firm the first Canarian manager admitted to that public-private program, and was reported 90% subscribed at launch. As of available data, 69 startups have been invested across both funds, and the firm is supported by 25 industrial investors drawn from Canarian corporates in tourism, aviation, construction, consumer goods, technology, banking, real estate, and automotive sectors that provide co-investment capital and customer introductions.

The firm operates from three Spanish offices — Las Palmas de Gran Canaria (headquarters), Madrid, and Barcelona (opened October 2025) — and runs a small team (approximately 6–10 people) led by General Partners Miguel Quintanilla (also CIO of Grupo Satocán) and Javier Garabal (ex-McKinsey and FTI Delta), with Patricia Fraile as Fund Manager, Nicolás Campo as Principal, plus senior investment analyst and legal functions. Archipélago Next also participates in the EU-funded GreenStep consortium (Project GA 101180298, I3 Instrument) focused on green and digital transitions in energy-intensive industries, alongside 9 other European partners. The business model is standard VC fund management: management fees and carried interest on Fund I and Fund II returns, with portfolio support delivered through the firm's industrial investor network rather than through proprietary technology products.

Name

Archipelago Next

Legal name

ARCHIPELAGO NEXT VENTURES SGEIC SA

Website

https://archipelagonext.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Archipélago Next is a Spanish venture capital firm and the first VC born in the Canary Islands, managing €25M across two funds and investing in pre-seed and seed-stage B2B SaaS startups across Spain with €150K–€500K initial tickets.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

akta.pro secondary industry

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)

Keywords

• Venture capital
• Pre-seed investment
• Seed-stage investing
• B2B SaaS funding
• Startup investment

Headquarters

HQ city

Las Palmas De Gran Canaria

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees and Carried Interest: Archipélago Next generates revenue through management fees and carried interest on returns from Fund I (vintage 2018, in wind-down/desinversion phase) and Fund II (vintage 2024, actively investing), targeting €20M in total commitments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Archipelago Next is a venture capital management firm that invests in Spanish pre-seed and seed-stage B2B SaaS startups through Fund I (vintage 2018) and Fund II (vintage 2024, €20M target). The firm deploys initial tickets of €150K–€500K per company with follow-on capacity up to €1M, and operates a network of 25 industrial investors who co-invest and provide sector expertise, customer introductions, and business development support to portfolio companies.

Product overview

Archipelago Next is a venture capital firm based in the Canary Islands, operating as an investment management company rather than a product company. The firm manages two venture capital funds: Fund I (vintage 2018, in divestment phase) and Fund II (vintage 2024, €20 million target). The firm also provides an Investor Portal for fund management and a Canal Ético (ethics channel) for confidential reporting. Investment focus is on Spanish pre-seed and seed-stage B2B SaaS companies with tickets ranging from €150,000 to €500,000 and follow-on capacity up to €1 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund I The firm's first venture capital fund with vintage year 2018, currently in divestment phase. It invested in Spanish pre-seed and seed-stage B2B SaaS startups.
• Fund II A €20 million venture capital fund targeting Spanish pre-seed and seed-stage B2B SaaS startups with initial investments of €100,000–€500,000 and follow-on capacity up to €1M. Vintage year 2024, backed by Fond-ICO Global.

Quantifiable outcome

• 69 startups invested across Fund I (2018) and Fund II (2024)

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• GreenStep ConsortiumminorStrategic or Co-development Partner · 1 March 2026Archipélago Next is a consortium member of the European GreenStep project (GA 101180298), funded under the Interregional Innovation Investments (I3) Instrument. The 24-month project involves 8 regions from 6 countries, focusing on green and digital transition for energy-intensive industries. Total budget €1,339,386.94, 100% ERDF funded. Consortium includes ARR (Czech Republic), BalticNet-PlasmaTec (Germany), Technical University of Liberec, Kaunas University of Technology, Mazovia Cluster ICT, MetaIndustry4, Nanoprogress, Sociedade Portuguesa de Inovação, and ZINNAE.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Inveready: Inveready is a Spanish alternative asset manager that invests in early-stage technology companies, frequently co-investing alongside Archipiélago Next in rounds like Booster and Dolfin. Highly comparable Spanish-focused VC investing in similar B2B SaaS seed-stage opportunities.
• Swanlaab Venture Factory: Swanlaab is a Spanish early-stage VC firm that led Dolfin's seed round alongside Archipiélago Next. It targets similar B2B SaaS startups in Spain with comparable ticket sizes and a focus on enterprise software.
• Kibo Ventures: Kibo Ventures is a Spanish VC firm that invests in early-stage technology companies with global ambitions, including B2B SaaS. It is one of the larger and more established Spanish early-stage funds and a direct competitor in the same Spanish deal pool.
• JME Ventures: JME Ventures is a Madrid-based seed-stage VC investing in Spanish B2B SaaS startups with similar ticket sizes and a focus on pre-seed and seed rounds. Direct competitor for the same Spanish B2B SaaS deal flow.
• Encomenda Smart Capital: Encomenda is a Barcelona-based early-stage VC firm focused on Spanish B2B SaaS startups at pre-seed and seed stages. It competes for the same Spanish enterprise software founders and has overlapping sector focus.
• Samaipata: Samaipata is a pan-European early-stage VC investing in Spanish and European B2B SaaS marketplaces and platforms. It overlaps with Archipiélago Next in Spanish pre-seed/seed B2B SaaS investments.
• Next Tier Ventures: Next Tier Ventures is a Spanish early-stage VC that led Modelia's seed round alongside Archipiélago Next. It targets similar B2B SaaS startups at seed stage with comparable ticket sizes, making it a direct syndication peer.
• Dozen Investments: Dozen Investments is a Spanish early-stage investor that co-invested with Archipiélago Next in Dolfin's seed round. It targets similar B2B SaaS opportunities in Spain at seed stage.
• Bonsai Partners: Bonsai Partners is a Spanish early-stage VC firm with a long history of seed investments in B2B SaaS startups across Spain. It is a comparable Spanish-focused seed investor with similar deployment model.

Broad incumbents

• Speedinvest: Speedinvest is a larger European early-stage VC with a dedicated B2B SaaS/fintech vertical that occasionally invests in Spanish startups. It represents the broader European incumbent competing for the same Spanish deal flow at potentially larger check sizes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/archipelago-next
• Facebookfacebook.com/archipelagonext
• Xx.com/ArchipelagoNext
• Instagraminstagram.com/archipelagonext

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments47 records

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

Frequently asked questions about Archipelago Next