Acurio Ventures

www.acurio.vc ↗ ·Bilbao ·Invests Seed – Series A

Acurio Ventures, formerly All Iron Ventures, is a Bilbao-based venture capital firm that invests in European technology start-ups. It invests mainly at seed and Series A across all sectors, usually as a co-investor, and leads or co-leads rounds when needed. It also runs fund-of-funds and secondaries strategies. Its third direct fund, Acurio Ventures III, closed in 2024 with more than €150M committed, and in 2026 it closed Acurio Secondaries I, a €115M fund that buys secondary positions in European VC funds. Across about 120 direct start-up investments, notable portfolio companies include Seedtag, Preply, Jobandtalent, Indexa Capital, Lingokids, Refurbed, Exoticca and Voy.

SectorsGeneralist, Technology, Secondaries, Fund of funds VC MapSeries A

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Team

Ander Michelena
General Partner
Kate Cornell
General Partner
Diego Recondo
General Partner
Hugo Fernández-Mardomingo
General Partner
Jesus Diaz Rivero
Tech Lead
Iñigo Eraña
Strategy Manager
Iñaki Ecenarro
Venture Partner
Bart Tompkins
Venture Partner

Portfolio companies 37

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Autentic AI
entered at Pre-seed, 2026
AI & Data Pre-seed
Kompanion
entered at Seed (estimated), 2026
Fintech Seed
FlipFlow
entered at Seed (estimated), 2023
Marketplace & E-commerce Seed
Crescenta
led Series A (estimated), 2025
Fintech Series B
Lookiero
led Series A (estimated), 2018
Marketplace & E-commerce Series D
Manglai
led Seed (estimated), 2025
Energy & Climate Seed
TandemTrace
led Seed, 2025
Cybersecurity Seed
Frekuent
led Pre-Series A, 2025
Fintech Pre-Series A
Imperia
entered at Seed, 2024
Enterprise Software Series A
Exoticca
entered at Series D, 2024
Travel & Hospitality Series D
Insurama
led Series A, 2024
Insurtech Series A
Last.app
led Seed, 2022
Foodtech & Agtech Series A
Aplanet
led Seed, 2020
Energy & Climate Series A
TROOP
entered at Series A, 2021
Travel & Hospitality Series B
Microverse
entered at Series A, 2021
Edtech Series A
Circular
entered at Series A, 2022
HR & Future of Work Series A
Seedtag
entered at Series B, 2021
Media & Gaming Series C
Urbanitae
entered at Seed (estimated), 2018
Proptech & Construction Series A
Preply
entered at Series A, 2020
Edtech Series D
Lingokids
entered at Series A, 2018
Edtech Series D
ApetEat
led Seed, 2019
Foodtech & Agtech Seed
Ironhack
entered at Series A (estimated), 2019
Edtech Series B
Game Strategies
entered at Series A, 2018
HR & Future of Work Series A
Ontruck
entered at Series B, 2018
Mobility & Logistics Series B
Spotahome
entered at Series A, 2017
Proptech & Construction Series C
Fintonic
per company site
Fintech Series C
Fourvenues
per company site
Travel & Hospitality Series A
Heepsy
per company site
Enterprise Software Seed
OpenWebinars
per company site
Edtech Seed
Revel
per company site
Mobility & Logistics Series B
Team Heretics
per company site
Media & Gaming
ThePower Business School
per company site
Edtech Seed
TuLotero
per company site
Consumer Seed
Exited or sunsetted (4)
Sunhero
entered at Seed (estimated), 2022
Closed in 2024
Mr. Jeff
led Series B, 2020
Closed in 2024
RatedPower
per company site
Acquired by Enverus, 2022
Wide Eyes Technologies
per company site
Acquired by Stylitics, 2023

Funding rounds 44

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DateCompanyRoundAmountLead

Often invests with 58

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PublishedArticle
2026-10-23 Seaya arranca el megafondo con los primeros €600M. Más gestoras se rearman. Las tripas del pacto Factorial-General Catalyst ↗
Ecotechers
2026-10-23
2026-10-13 Dealflow #530: Helicon raised €14M. Multiverse incognita. Inditex OSS. ↗
Dealflow.es
2026-10-13
2026-10-09 Spanish Autentic AI raises €1.5M to accelerate AI-powered market research ↗
Tech.eu
2026-10-09
2026-10-05 JME Ventures lidera la primera ronda de Kompanion, la startup que reinventa la gestoría empresarial gracias a la IA ↗
2026-07-13 Spain's Acurio Ventures launches €115 million vehicle to provide liquidity to European VC funds ↗
2026-05-19 Lexroom: $50 Million Series B Raised To Expand Legal AI Platform Across Civil Law Europe ↗
Pulse 2.0
2026-05-19
2026-01-08 Lookiero Outfittery Group closes a €17M round to boost growth and reinforce its AI strategy ↗
2025-09-29 Acurio participates in the $19 million funding round of the Italian startup Lexroom ↗
Capital-Riesgo.es
2025-09-29
2025-07-02 TandemTrace in a pre-seed round co-led by Adara and Acurio Ventures, joined by Addendum Capital in Spain ↗
Nordic9
2025-07-02
2025-03-25 German startup ai|coustics hits high notes with €5M to fix poor audio with Generative AI: Here's how ↗
Silicon Canals
2025-03-25
2025-03-19 Acurio Ventures refuerza su presencia europea con la apertura de una nueva oficina en Madrid ↗
Capital-Riesgo.es
2025-03-19
2025-02-16 Tendencias VC en España y Europa de la mano de Ander Michelena - Founder Partner de Acurio Ventures y Co-fundador de Ticketbits ↗
Inversión Alternativa (Substack)
2025-02-16
2024-09-23 All Iron Ventures rebrands as Acurio Ventures with a new €150M 'follow-on' fund ↗
TechCrunch
2024-09-23
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