VC Investors

Bonsai Partners

www.bonsaipartners.eu ↗ ·Madrid ·Invests Series A – Series B

Bonsai Partners is a Madrid-based venture capital firm that invests in European tech start-ups at several stages, through both primary rounds and secondary purchases of existing shareholdings. It was formed by the merger of Bonsai Venture Capital and Cube Ventures, and its team has backed tech companies since 2001. It mainly targets marketplace and SaaS businesses between pre-Series A and Series B, split roughly evenly between Spain and the rest of Europe, with tickets of about €2–6M. Its current and past portfolio includes Glovo, Idealista, Wallapop, InfoJobs, Tuenti, Intercom, Playtomic, Sendcloud, Lodgify, Paack and Innovamat.

Tracked portfolio
38
Team
6
AUM
n/a
Rounds
54
Cheque
€2–6M
SectorsMarketplaces, SaaS, Consumer internet VC MapSeries A
portfolio by sector38
Marketplace & E-commerce6Mobility & Logistics5Fintech4Travel & Hospitality3Edtech311 more sectors17
deals by stage54
Pre-seed5Seed14Pre-Series A1Series A16Series B9Series C3Series D3No stage disclosed3

Suggest a correction

Team

Partners 4 Investment Team 2
Martí Escursell
Managing Partner
Juan Teijeiro
Managing Partner
Andrés de la Morena
Managing Partner
Javier Cebrián
Partner

Portfolio companies 52

Open 38 as list → On map →
Recent A–Z
RepScan
entered at Series A, 2025
Legaltech Series A
Lookiero
entered at Series B, 2019
Marketplace & E-commerce Series D
Kimera Technologies
entered at Pre-seed, 2023
AI & Data Seed
Solfy
entered at Pre-seed (estimated), 2022
Energy & Climate Series A
Rauda AI
entered at Seed (estimated), 2025
AI & Data Seed
Vivla
entered at Series A, 2025
Proptech & Construction Series A
BusUp
led Series B (estimated), 2025
Mobility & Logistics Series B
TaxDown
led Series B (estimated), 2025
Fintech Series B
Gaiarooms
led Series A (estimated), 2025
Travel & Hospitality Series A
Playtomic
entered at Series D (estimated), 2025
Marketplace & E-commerce Series D
flowww
led Series A, 2025
Healthtech & Bio Series A
Frekuent
led Seed (estimated), 2023
Fintech Pre-Series A
Exoticca
entered at Series B, 2019
Travel & Hospitality Series D
Games for a Living
led Pre-seed, 2022
Media & Gaming Seed
Remuner
entered at Pre-seed, 2024
HR & Future of Work Seed
Frenetic
entered at Series A, 2021
Deeptech & Hardware Series A
Trucksters
entered at Series A, 2021
Mobility & Logistics Series B
Innovamat
led Series A, 2023
Edtech Series A
Harmonix
entered at Series A (estimated), 2023
Enterprise Software Series A
GoTrendier
entered at Seed, 2017
Marketplace & E-commerce Series B
Lodgify
entered at Series B, 2022
Travel & Hospitality Series B
Lifecole
entered at Seed (estimated), 2020
Edtech Seed
Spherag
led Seed (estimated), 2022
Foodtech & Agtech Seed
MytripleA
entered at a round, 2022
Fintech Seed
Yaba
entered at Series A, 2022
Marketplace & E-commerce Series A
Cleverea
entered at Pre-seed, 2019
Insurtech Seed
Scoolinary
entered at Seed (estimated), 2021
Edtech Seed
Paack
entered at Seed, 2016
Mobility & Logistics Series E
Codeoscopic
led a round, 2020
Insurtech Seed
Signaturit
entered at Series A, 2019
Enterprise Software Series A
Glovo
entered at Series A, 2016
Mobility & Logistics Series F
Wallapop
entered at Seed (estimated), 2013
Marketplace & E-commerce Series G
Idealista
led Seed, 2003
Proptech & Construction Seed
Barkibu
per company site
Insurtech Series B
Citibox
per company site
Mobility & Logistics Series B
Dozen Investments
per company site
Fintech Seed
Livitum
per company site
Marketplace & E-commerce Seed
Tipsi
per company site
Foodtech & Agtech Seed
Exited or sunsetted (14)
Boopos
led Series A, 2022
Acquired by Founderpath, 2025
STAY
entered at a round, 2022
Acquired by RealTime Reservation, 2026
Akamon Entertainment
per company site
Acquired by Imperus Technologies, 2015
Bellahora
per company site
Acquired by Miora (now BEWE), 2016
Bodas.net
per company site
Acquired by WeddingWire, 2015
El Armario de la Tele
per company site
Acquired by eShop Ventures, 2015
Emagister
per company site
Acquired by Educaedu, 2022
i-Neumáticos
per company site
Closed in 2026
Rakuten TV
per company site
Acquired by Rakuten, 2012
Saluspot
per company site
Closed in 2016
Toprural
per company site
Acquired by HomeAway, 2012
Trustiu
per company site
Closed
Tuenti
per company site
Acquired by Telefónica, 2010
Wazypark
per company site
Closed in 2017

Funding rounds 54

Open as list →
DateCompanyRoundAmountLead
2026-01-13 RepScan Series A (estimated) €3.5M Lead not disclosed
+6 more
2026-01-08 Lookiero Series D (estimated) €17M SETT (Sociedad Española para la Transformación Tecnológica), Ekarpen Private Equity
+4 more
2025-12-15 Kimera Technologies Seed approximately €2M Adara Ventures
+2 more
2025-09-09 Solfy Series A (estimated) €4M incl. debt: equity and debt, the split was not disclosed Lead not disclosed
+3 more
2025-09-01 Rauda AI Seed (estimated) €2.4M JME Ventures
+4 more
2025-07-23 Vivla Series A €8M Samaipata
+7 more
2025-07-08 BusUp Series B (estimated) €2M Bonsai Partners
2025-04-22 TaxDown Series B (estimated) €4M Bonsai Partners
+5 more
2025-03-24 Gaiarooms Series A (estimated) approximately €10M Bonsai Partners
+1 more
2025-03-19 Playtomic Series D (estimated) €55M Match Invest, LFH (Luxembourg Finance House)
+4 more
2025-03-13 flowww Series A €4M Swanlaab Venture Factory, Bonsai Partners
+2 more
2025-02-28 Frekuent Pre-Series A €6M Acurio Ventures, K Fund
+2 more
2025-02-20 RepScan Series A €3M Lead not disclosed
+6 more
2024-07-23 Exoticca Series D €60M Quadrille Capital
+7 more
2024-04-29 Games for a Living Seed $3.2M Lead not disclosed
+9 more
2024-01-17 Remuner Pre-seed €2M Pear VC
+6 more
2023-11-07 Frenetic Series A $12M Kibo Ventures
+5 more
2023-06-12 Trucksters Series B €33M Lead not disclosed
+12 more
2023-05-03 Frekuent Seed (estimated) €3M Bonsai Partners
+2 more
2023-04-13 Kimera Technologies Pre-seed €660K Lead not disclosed
+7 more
2023-03-13 Innovamat Series A €20M Reach Capital, Kibo Ventures, Bonsai Partners
+4 more
2023-02-06 Harmonix Series A (estimated) €3M K Fund
+6 more
2022-11-22 GoTrendier Series B up to $15M IDB Invest, Creas Impacto, IDC Ventures
+4 more
2022-11-03 Lodgify Series B $30M Octopus Ventures
+5 more
2022-09-29 Lifecole Seed approximately €750K Aulaplaneta
+3 more
2022-09-22 Solfy Pre-seed (estimated) €415K Lead not disclosed
+5 more
2022-09-01 Boopos Series A $8M Bonsai Partners
+4 more
2022-08-02 Spherag Seed (estimated) €3M Ship2B Ventures, Bonsai Partners, BayWa Venture
2022-06-08 MytripleA No stage disclosed — Lead not disclosed
+2 more
2022-03-30 STAY No stage disclosed — Lead not disclosed
+1 more
2022-03-10 Yaba Series A $85M incl. debt: equity and debt, the split was not disclosed Crossbeam Venture Partners, Tikehau Capital
+5 more
2022-02-15 Games for a Living Pre-seed €1.2M Inveready, Bonsai Partners
+1 more
2021-11-08 Cleverea Seed €5M Stride.VC
+6 more
2021-09-22 Frenetic Series A €4.5M Lead not disclosed
+5 more
2021-09-10 Scoolinary Seed (estimated) approximately €1M Lead not disclosed
+3 more
2021-07-30 Exoticca Series C approximately €25.2M 14W, Mangrove Capital Partners
+6 more
2021-07-13 Lookiero Series C $30M Perwyn
+3 more
2021-07-13 Trucksters Series A €14.3M Kibo Ventures
+9 more
2020-11-25 Lifecole Seed (estimated) €600K No single lead
+3 more
2020-11-17 Paack Series C $53M Bregal Milestone
+7 more
2020-07-13 Codeoscopic No stage disclosed — Bonsai Partners
2019-12-24 Cleverea Pre-seed approximately €730K Lead not disclosed
+2 more
2019-09-20 Lookiero Series B €17M MMC Ventures
+6 more
2019-08-05 Exoticca Series B €16M Milano Investment Partners
+5 more
2019-02-19 Signaturit Series A €7M 360 Capital
+5 more
2019-01-29 GoTrendier Series A $3.5M Ataria Ventures, IGNIA, Banco Sabadell (Sabadell Venture Capital / BStartup)
+3 more
2018-06-19 GoTrendier Seed $1.5M IGNIA
+4 more
2017-10-04 Glovo Series B €30M Rakuten Capital, Cathay Innovation
+5 more
2017-05-22 GoTrendier Seed €1M Lead unknown
+3 more
2016-11 Paack Seed €1.5M Big Sur Ventures
+2 more
2016-08-11 Glovo Series A €5M Lead not disclosed
+10 more
2014-10 Wallapop Series B $25M Insight Venture Partners
+3 more
2013-10 Wallapop Seed (estimated) €1.6M Lead not disclosed
+4 more
2003-01 Idealista Seed — Bonsai Venture Capital

Often invests with 63

Open as list →
Sabadell Venture Capital 9 shared roundsAntai Ventures 8 shared roundsKibo Ventures 7 shared roundsBig Sur Ventures 6 shared roundsInveready 6 shared roundsKfund 6 shared rounds

News 13

Open as list →
PublishedArticle
2026-01-08 Lookiero Outfittery Group closes a €17M round to boost growth and reinforce its AI strategy ↗
Tech.eu
+1 source
2026-01-08
2025-12-15 Adara Ventures leads €2M+ seed round in Kimera Technologies to power AI-driven product discovery in eCommerce ↗
Capital & Corporate (Capital-Riesgo.es)
2025-12-15
2025-12-03 With €12.5 million Series A, Rail-Flow joins Germany's expanding RailTech investment wave ↗
EU-Startups
2025-12-03
2025-10-28 Solfy, backed by Bonsai and Ona Capital, acquires Samara's residential self-consumption business unit ↗
Capital-Riesgo.es
2025-10-28
2025-09-09 Solfy closes a €4 million funding round with Bonsai Partners and Ona Capital to accelerate its growth ↗
Capital-Riesgo.es
2025-09-09
2025-08-27 Busup raises $5.8M in a round led by Bonsai Partners ↗
LatamList
2025-08-27
2025-07-23 Madrid-based VIVLA secures €8 million to scale its co-ownership model for premium second homes ↗
EU-Startups
+1 source
2025-07-23
2025-07-09 Lexcrea advises Codeoscopic on Upliift's investment in its capital. Inveready and Bonsai Partners exit ↗
Capital-Riesgo.es
2025-07-09
2025-05-14 TaxDown reinforces its AI push and boosts growth with a strategic investment from Bonsai ↗
Capital-Riesgo.es
2025-05-14
2025-03-24 Gaiarooms closes a €10 million round led by Bonsai Partners to revolutionize digital hotel management ↗
Capital-Riesgo.es
+1 source
2025-03-24
2025-03-04 Acurio Ventures Leads PassEntry Investment ↗
Crowdfund Insider
2025-03-04
2025-02-27 London firm raises funds as it looks to become global leader ↗
BusinessCloud
2025-02-27
2025-02-19 Cyberbullying, fake news, and identity theft: RepScan lands €3 million to clean up the web ↗
EU-Startups
2025-02-19
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