What Sabadell Capital does

Sabadell Venture Capital (also operating as Sabadell Capital) is the corporate venture capital and venture debt division of Banco Sabadell, a major Spanish banking group founded in 1881 and listed on the Bolsa de Madrid. The division was formally created in 2015 by BS Capital management to support Spanish startups in their earliest phases of life (seed and Series A), targeting digital and technology sectors including SaaS, mobile applications, marketplaces, e-commerce, big data, Internet of Things, and e-health. Since 2011 the parent bank has progressively built a venture platform, beginning with the Fons dels Enginyers fund and expanding into BStartup 10 (2013), Sabadell Venture Capital (2015), Ysios Biofund participation for life sciences (2016), the first Spanish bank-led Venture Debt product (2017), and dedicated health vehicles Sabadell Asabys and BStartup Health (2018).

The firm's offering is built around two core financing instruments. The first is equity investment: minority stakes acquired through capital expansions in seed and Series A rounds, with ticket sizes of €200,000–€2,000,000 and follow-on capacity of up to €2,000,000 per portfolio company. The second is Venture Debt, a hybrid equity-debt instrument offering €200,000–€2,000,000 per transaction with a typical 3-year maturity, monthly or quarterly interest payments, and no personal guarantees. Supporting sub-brands include BStartup 10 (a pre-seed/seed program investing €1 million per year across 10 technology companies), BStartup Health (health-sector pre-seed/seed), and Sabadell Asabys (a dedicated health-sector VC vehicle).

The business model is that of a corporate venture arm rather than an independent fund: capital is sourced from Banco Sabadell's balance sheet and deployed directly into portfolio companies, supplemented by the European Investment Fund's InnovFin guarantee (2020) under EU Horizon 2020 for venture debt operations. The firm is headquartered in Barcelona (Avda. Diagonal 407 bis) and operates a seven-person investment team that has built a portfolio of over 40 companies. Returns accrue through equity appreciation, exit events, venture debt interest, and synergies with the parent bank's commercial franchise; no standalone revenue or AUM figures are publicly disclosed.

Name

Sabadell Capital

Legal name

Sabadell Venture Capital

Website

https://sabadellventurecapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Short description

Sabadell Capital (Sabadell Venture Capital) is the corporate venture capital and venture debt division of Banco Sabadell, investing €200,000–€2,000,000 in Spanish digital, technology, and health startups at seed and Series A stages.

Ownership category

akta.pro rank

Product category

Venture Capital and Venture Debt Investment

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Investment Advice (6282), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

akta.pro secondary industry

Asset-Based Lending (ABL) (FSANADAD)

Keywords

• Venture capital investments
• Venture debt financing
• Early-stage startups
• Startup equity funding
• Technology sector investing

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, Technology or R&D, Infrastructure

Revenue model

1. Equity Investments: Acquisition of minority stakes in startups through capital expansions in seed and Series A phases. Returns generated through equity appreciation and exit events.
2. Venture Debt Financing: Hybrid debt instrument with fixed interest payments and equity participation. Debt typically matures in 3 years with monthly or quarterly interest payments. Principal repayment in installments with or without grace period.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Sabadell Capital (Sabadell Venture Capital) is the venture capital division of Banco Sabadell that invests in early-stage Spanish technology and digital startups through minority equity stakes in seed and Series A rounds (€200,000–€2,000,000 per company) and provides hybrid venture debt financing (€200,000–€2,000,000 per transaction, 3-year typical maturity) to growth-stage companies with proven metrics. It supports portfolio companies with strategic, financial, and internationalisation assistance, and operates complementary programmes including BStartup 10, BStartup Health, and Sabadell Asabys.

Product overview

Sabadell Venture Capital is the Venture Capital (VC) division of Banco Sabadell, operating under the BS Capital umbrella. Its offering is structured around two core financing instruments: (1) Equity Investment — acquiring minority stakes in seed and Series A technology and digital startups (SaaS, mobile applications, marketplaces, e-commerce, big data, IoT, e-health, etc.) with follow-on capacity up to €2,000,000 per company; and (2) Venture Debt — a hybrid debt-equity product (€200,000–€2,000,000 per transaction) launched in 2017, making Banco Sabadell the first bank in Spain to offer venture debt. Supporting sub-brands include BStartup 10 (pre-seed/seed programme investing €1M/year in 10 companies since 2013), BStartup Health (health-sector pre-seed/seed programme launched 2018), and Sabadell Asabys (health-sector VC vehicle launched 2018). The division has been active since 2015, building a portfolio of over 40 portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Investment (Venture Capital) Sabadell Venture Capital acquires minority stakes in early-stage Spanish digital and technology startups through capital expansions in seed, pre-Series A, and Series A rounds, seeking top-tier teams with innovative, scalable business models and a clear competitive advantage. Investment range is €200,000–€2,000,000 per company, with follow-on capacity up to €2,000,000 per portfolio company, across SaaS, mobile, marketplace, e-commerce, big data, IoT, and e-health verticals.
• Venture Debt A hybrid debt-equity financing instrument offered by Banco Sabadell (the first bank in Spain to provide it), complementing capital raised in Series A+ rounds while minimising dilution of existing partners. Investment range €200,000–€2,000,000, settled through fixed-interest payments plus a small equity stake, with a typical 3-year maturity and monthly or quarterly repayment schedules. No personal guarantees required.
• BStartup 10 Seed and pre-seed investment programme created jointly with Banco Sabadell's Commercial Banking division in 2013, deploying €1 million per year across 10 technology and digital companies in pre-seed and seed phases to support early-stage validation and product development.
• BStartup Health Investment programme targeting very early-stage health-sector projects (pre-seed and seed), launched in 2018 with Banco Sabadell's Commercial Banking division, with capital primarily deployed to validate technology and market fit in healthcare startups.
• Sabadell Asabys Dedicated venture capital vehicle launched in 2018 by Sabadell Venture Capital with promoters Josep Lluís Sanfeliu and Clara Campas, focused exclusively on investments in the health sector as a co-investment and direct-investment platform.

Quantifiable outcome

• Over 40 portfolio companies invested since 2011
• +2 more outcomes

Named customers16 records

Segments3 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.

• Sabadell AsabyscoreStrategic or Co-development Partner · 1 January 2018Dedicated venture capital vehicle specifically created for health sector investments, established by Sabadell Venture Capital with promoters Josep Lluís Sanfeliu and Clara Campas. Represents a major expansion into specialized life sciences investing.
• BStartup 10coreStrategic or Co-development Partner · 1 January 2013Joint program with Commercial Banking division of Banco Sabadell, investing €1M annually in 10 technology and digital companies in pre-seed and seed phases. Extended in 2018 to include BStartup Health for very early-stage health projects.

Scale indicators9 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• Santander Ventures: The corporate venture arm of Banco Santander, one of Spain's largest banks. Directly comparable as a Spanish bank-affiliated VC investing in fintech and technology startups with similar strategic objectives to Sabadell VC.
• Ysios Capital: Spanish life sciences-focused VC that Sabadell VC has co-invested with across Biofund II and Biofund III. Directly comparable on the health/life sciences vertical Sabadell pursues through Sabadell Asabys and BStartup Health.
• KFund: Spanish early-stage VC fund backing seed and Series A technology startups, often co-investing with Spanish and European partners. Comparable in stage focus and Spanish geography to Sabadell VC's core equity mandate.
• Seaya Ventures: Spanish VC investing in early- and growth-stage technology companies with a pan-Iberian and European lens. Comparable in stage, geography, and tech-sector focus to Sabadell VC's core mandate.
• CommerzVentures: The corporate venture arm of Commerzbank, focused on European fintech and technology startups with both equity and debt capabilities. Comparable as a European bank-affiliated VC platform providing hybrid equity/debt financing to startups.
• Draper B1: Spanish/European early-stage VC investing in technology and digital startups, often partnering with Spanish founders and regional VCs. Comparable in stage focus and Iberian/Early-stage technology mandate to Sabadell VC.
• JME Ventures: Spanish VC founded by former operators, focused on seed and Series A technology startups in Spain and Europe. Comparable in stage focus, geography, and entrepreneur-friendly positioning to Sabadell VC.
• Caixa Capital Risc: The venture capital arm of Spain's La Caixa/CriteriaCaixa, focused on early-stage technology and life sciences startups in Spain. Closely comparable to Sabadell VC as a Spanish bank-affiliated corporate VC with similar ticket sizes and dual equity/debt capabilities.
• BBVA Spark: BBVA's startup and venture platform, serving Spanish and European tech founders with banking, venture debt, and equity investments. Highly comparable as a competing major Spanish bank-affiliated VC/venture debt platform targeting similar early-stage segments.
• Inveready: One of Spain's most active independent venture capital firms, investing in early- and growth-stage technology companies across multiple verticals. Highly comparable by mandate, geography, and ticket size to Sabadell VC's equity activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Sabadell Capital