Investor

Clave Capital

clavemayor.com ↗ ·Pamplona ·Early stage ·Actively investing

Clave Capital (legal name Clave Mayor SGEIC, S.A.) is a Spanish venture capital and private equity manager founded in 2002 and headquartered in Pamplona, with an additional office in Valencia. It invests via technology-transfer funds in health, foodtech and biotech startups, plus growth capital for industrial SMEs and renewable energy, having completed 90+ investments and currently managing around €90M, with a new €80M fund backed by CDTI/INNVIERTE.

Portfolio
54
Team
20
AUM
n/a
Rounds
45
Cheque
€0.1–5M (sweet spot ~€1.5M)
SectorsHealth Tech, Biotech, Foodtech, Technology Transfer, Industrial/Energy VC MapSeed

Profile updated 18 Jul 2026

Team

Partners 1 Investment Team 0 Others 19
José Javier Armendáriz Quel
Presidente / CEO
No one in this group yet.
Adriana Rubio
Responsable de Administración
—
Alberto Bermejo
Director de Fondos
Amaya Tanco
Analista
—
Ana Gómara
Administración
—
Antonio Tornero
Gerente de Inversiones
Beatriz Soria
Analista
—
César Mendoza
Director de Fondos
—
Fernando Frauca Amorena
Socio
—
Guillermo Salanueva
Gerente de Inversiones
—
Ignacio Prieto
Analista
Javier Pueyo
Socio
—
José León Taberna
Socio
—
Juan Carlos Franquet
Socio
—
Juanjo Etxalar
Director Área Jurídica
Miguel Isaacs
Socio
Pedro de Álava
Asociado
Santiago Lozano
Asociado / Director de Fondos
Sergio San Agustín
Director de Inversiones
Ángela Zaldo
Administración
—

Portfolio companies 54

Abanza Tecnomed
abanzamed.com
Company Seed Mutilva
ADmit Therapeutics
admit-therapeutics.com
Company Series A Esplugues de Llobregat
Agrosingularity
agrosingularity.com
Company Seed Murcia
AllRead
allread.ai
Company Series A Barcelona
Aortyx
aortyx.com
Company Series A Barcelona
AzureBio
Company Seed Madrid
BCN3D Technologies
bcn3d.com
Company Other Barcelona
BERBA
berba.org
Company
ChainGO Tech
chaingotech.com
Company Seed Valencia
CONNECTA Therapeutics
connectatherapeutics.com
Company Seed Barcelona
Corify Care
corify.es
Company Series A Madrid
Cuyna
cuyna.com
Company Seed Madrid
D-Sight
www.dsight.es
Company Seed Barcelona
Deep Detection
deepdetection.tech
Company Seed Barcelona
Ecomagnet
ecomagnet.es
Company Seed San Sebastián
Eversens
eversens.com
Company Seed Pamplona
Fisify
fisify.com
Company Seed Bilbao
Genbioma
genbioma.com
Company Seed Noáin
Genbioma Aplicaciones
genbioma.com
Company Seed Noáin
Homedoctor
homedoctor.es
Company Series A Madrid
Innitius
innitius.com
Company Seed Derio
Insekt Label Biotech
www.insektlabel.com
Company Seed Bilbao
Linqcase Industrial Solutions
linqcase.com
Company Seed Astigarraga
MainRail
mainrailsolutions.com
Company Seed Pamplona
MainRail Solutions
mainrail.com
Company Seed Pamplona
Matricería Galega
matrigalsa.com
Company Other O Porriño
Medical Plasmas
medicalplasmas.com
Company Seed Noáin
MiMARK Diagnostics
mimark.es
Company Seed Barcelona
MOA Foodtech
moafoodtech.com
Company Series A Noáin
Multiverse Computing
multiversecomputing.com
Company Series B San Sebastián
Nanoligent
www.nanoligent.com
Company Series A Barcelona
Nanological
nanological.es
Company Seed Madrid
Naru Healthcare
naruhealthcare.com
Company Seed San Sebastián
Neuraptic AI
neuraptic.ai
Company Seed Madrid
Niche Mobility
niche-mobility.com
Company Seed Girona
Nucaps Nanotechnology
nucapsnanotechnology.com
Company Seed Noáin
Néboda Farms
nebodafarms.com
Company Seed Vigo
OneChain Immunotherapeutics
onechaintx.com
Company Seed Barcelona
Oroi
oroi.info
Company Seed San Sebastián
Pack2Earth
pack2earth.eco
Company Seed Barcelona
Pharmacelera
pharmacelera.com
Company Series A Barcelona
Polimerbio
polimerbio.com
Company Seed San Sebastián
Predictheon
predictheon.com
Company Seed Barcelona
Quibim
quibim.com
Company Series A Valencia
Robopedics
robopedics.com
Company Seed Barcelona
Safe Load Testing Technologies
safeloadtesting.com
Company Seed Paterna
Semi Zabala
semizabala.com
Company Seed San Sebastián
Sensesbit
sensesbit.com
Company Seed Lugo
Shakers
www.shakersworks.com
Company Series A Madrid
Sincrolab
sincrolab.es
Company Seed Madrid
Smileat
smileat.com
Company Other Madrid
Telum Therapeutics
telumtherapeutics.com
Company Series A Noáin
Uptech Sensing
uptech-sensing.com
Company Other Pamplona
V2C
v2charge.com
Company Series A Xirivella

Funding rounds 45

CONNECTA Therapeutics · Series A · €3.1M
The Barcelona Science Park biotech raised €3.1M led by new investor Clave Capital through its Innvierte Science Tech Clave Innohealth fund, …
2026-09-10
MOA Foodtech · Series A · €3.3M
MOA Foodtech closed a €3.3M ($3.8M) round co-led by Swanlaab Innvierte Agri Food Tech and the EIC Fund, with CDTI-Innvierte participating. T…
2026-09-03
Multiverse Computing · Series C · €500M
Multiverse Computing announced a Series C targeting up to $570M (€500M) at a $1.7B (€1.5B) pre-money valuation, a 5x step-up from its 2025 S…
2026-07-27
Sensesbit · Seed · €1M
Sensesbit, a sensory-analysis SaaS spin-off of TasteLab and the University of Santiago de Compostela, raised €1M to accelerate international…
2026-07-16
Telum Therapeutics · Series A · €18M
Endolysin-antimicrobials biotech secured an €18M Series A co-led by the AMR Action Fund and Inveready to take its lead candidate against dru…
2026-06-30
Pharmacelera · Series A · €6M
Pharmacelera, based at Parc Científic de Barcelona, raised €6M led by Heran Partners with Clave Capital, Inveready and Bio&Tech Smart Capita…
2026-02-19
Nanoligent · Series A · €12M
Nanoligent, a spin-off of the Institut de Recerca Sant Pau and the Universitat Autònoma de Barcelona, closed a €12M round led by Inveready t…
2025-10-06
Néboda Farms · Seed · €1.84M
Galician indoor vertical farming startup Néboda closed a €1.84M seed round to consolidate pre-industrial production of basil and leafy herbs…
2025-07-18
Pack2Earth · Seed · €1.6M
Pack2Earth raised €1.6M to commercialise its plant- and mineral-based materials that compost at ambient temperature as an alternative to con…
2025-07-15
Aortyx · Series A · €13.8M
Aortyx raised a €13.8M Series A co-led by Ship2B Ventures (through its BSocial Impact Fund, backed by Banco Sabadell, the EIF and AXIS) and …
2025-06-12
Semi Zabala · Seed · €8.51M
Gipuzkoan GaN power-semiconductor company Semi Zabala closed €8.51M of financing for its 'Beyond The Power' plant for space and high-reliabi…
2025-06-05
Niche Mobility · Seed · €1.6M
Niche Mobility, based in Figueres and at the Girona Science and Technology Park, closed a €1.6M capital increase to industrialise ADTS, its …
2025-05-05
Genbioma Aplicaciones · Seed · €525K
Navarrese biotech Genbioma, which develops probiotics and postbiotics from the human microbiome for conditions such as diabetes and obesity,…
2025-02-11
Corify Care · Series A · €3M
Corify Care secured €6M of total support — a €3M equity round led by Clave-Mondragón (the MONDRAGON Fondo de Promoción managed by Clave Capi…
2024-12-11
Homedoctor · Other · €4.5M
Impact fund Q-Impact led a €4.5M capital increase in telemedicine platform Homedoctor alongside Clave Capital, with the two funds taking a c…
2024-09-24
MOA Foodtech · Series A · €3M
Navarre-based MOA Foodtech closed a €3M Series A led by Dutch fund ICOS Capital to scale its AI-plus-precision-fermentation platform (Albatr…
2024-06-25
MOA Foodtech · Series A · €3M
Navarre-based MOA Foodtech closed a €3M Series A led by Dutch fund ICOS Capital to scale its AI-plus-precision-fermentation platform (Albatr…
2024-06-25
Sincrolab · Seed · €1.7M
Sincrolab raised €1.7M in a round led by Clave Capital through its healthcare fund Clave Innohealth, with Growth Venture Partners, Eoniq Fun…
2024-06-20
MainRail · Seed · €854K
MainRail, a 2020 spin-off of the CEIT technology centre in Pamplona that sells predictive and corrective maintenance software for rail infra…
2023-12-05
MiMARK Diagnostics · Seed · €4.22M
MiMARK Diagnostics, a Vall d'Hebron Research Institute spin-off developing protein-based gynaecological diagnostics such as its WomEC endome…
2023-11-23
Nanological · Seed · €600K
Nanological, a CSIC materials-science spin-off developing a rapid sepsis diagnostic device, raised €600K in its first funding round, led by …
2023-11-23
Shakers · Seed · €6M
Madrid-based Shakers, a marketplace that assembles teams of vetted tech freelancers for corporate projects, closed a €6M seed round. The rou…
2023-10-30
ADmit Therapeutics · Series A · €5.4M
The IDIBELL spin-off, which uses mitochondrial DNA methylation patterns in blood to predict which mild-cognitive-impairment patients will pr…
2023-10-06
OneChain Immunotherapeutics · Seed · €6.7M
Barcelona CAR-T cell therapy developer OneChain Immunotherapeutics, a 2020 spin-off of the Josep Carreras Leukaemia Research Institute, clos…
2023-06-22
MiMARK Diagnostics · Seed · €1M
MiMARK Diagnostics, a Vall d'Hebron Research Institute spin-off based at Barcelona Science Park, raised €1 million co-led by Clave Capital, …
2023-06-07
D-Sight · Seed · €1M
Clave Capital invested €1M through its Clave Innohealth fund in D-Sight, a newly created spin-off of the Vall d'Hebron Research Institute (V…
2023-05-03
Fisify · Seed · €900K
Bilbao-based Fisify closed a €900,000 round led by Clave Capital, with Draper B1, Seed Capital Bizkaia and ENISA participating. Its AI softw…
2023-04-20
Innitius · Series A · €1.8M
Basque women's-health diagnostics startup Innitius closed a €1.8M round co-led by Clave Capital and Nara Capital, with most of its previous …
2023-02-15
Neuraptic AI · Seed · €500K
Neuraptic is a spin-off of the Public University of Navarra (UPNA). It raised €500K to speed up the launch of its Enaia MLOps SaaS platform.…
2022-11-03
Medical Plasmas · Seed · €1.52M
Medical Plasmas develops PlasmAction, a cold atmospheric plasma device for treating chronic wounds and ulcers. Clave Capital led the €1.52M …
2022-09-20
Cuyna · Seed · €3M
Cuyna, a digital-native multi-brand restaurant operator running delivery-only 'dark kitchens' in Madrid, Valencia, Barcelona and Murcia for …
2022-07-21
Insekt Label Biotech · Seed · €450K
Basque biotech Insekt Label Biotech, based at BIC Bizkaia in Derio, raised €450,000 to scale production of insect-derived (Tenebrio molitor)…
2022-07-05
Linqcase Industrial Solutions · Seed · €1.24M
LINQ (Linqcase Industrial Solutions) closed a €1.24M capital increase, its first external funding round, to finance growth and international…
2022-03-10
Abanza Tecnomed · Seed · €1.2M
Navarran medtech Abanza Tecnomed closed a €1.2M round co-led by regional development agency Sodena (€350K plus the capitalisation of a €40K …
2022-03-09
Berba · Seed · €1M
Bilbao-based Berba Translations, a platform that coordinates around 500 native translators with AI-assisted workflows, closed a €1 million s…
2022-02-02
V2C · Seed · €1M
Valencian smart EV-charger maker V2C closed its first institutional funding round of €1M, joined by Clave Capital (through the Tech Transfer…
2022-01-20
Deep Detection · Seed · €1M
Deep Detection, an IFAE spin-out in The Collider programme, raised €1M led by the photonics fund Vigo Ventures, with Clave Capital (through …
2021-11-18
Multiverse Computing · Seed · €10M
San Sebastián quantum-computing software startup for finance and industry closed its first financing round, €10M (about $11.55M), led by JME…
2021-10-20
MOA Foodtech · Seed · €1.5M
Less than a year after being founded, MOA Foodtech closed a €1.5M seed round led by Clave Capital through three vehicles (UN I+D+i Transfere…
2021-10-18
Shakers · Seed · €800K
Shakers connects freelancers and remote teams with mid-size and large companies, and was accelerated by Lanzadera. Its first round of €800K …
2021-10-13
Corify Care · Seed · €2.35M
Corify Care is taking its non-invasive cardiac mapping system, ACORYS, to market. Clave Capital led the €2.35M round, with Mondragón Corpora…
2021-07-07
ChainGO Tech · Seed · €950K
ChainGO Tech is a Lanzadera-backed company building blockchain software for the logistics industry. It closed a €950K round with Grupo Mondr…
2020-12-21
BCN3D Technologies · Series A · €2.8M
BCN3D makes 3D printers in Castelldefels, near Barcelona. It raised €2.8M in a round co-led by CDTI (€1.1M through Innvierte) and Grupo Mond…
2020-07-22
Telum Therapeutics · Seed · €4.1M
Telum Therapeutics raised €4.1M in its first round to develop enzybiotics, which are therapies based on bacteriophage lytic enzymes, against…
2020-07-13
D-Sight · Seed · €2M
D-Sight, a clinical-stage spin-off of the Vall d'Hebron Research Institute, raised €2M led by its main investor Clave Capital, with Prous In…

News & media 7

PublishedArticle
2026-09-21 MOA Foodtech cierra una ronda de €3,3M liderada por EIC ↗
Webcapitalriesgo
2026-09-14 Radar de rondas: Harvey y Mistral, las grandes protagonistas de la semana ↗
Forbes España
2026-09-10 CONNECTA Therapeutics Announces Financing to Advance Clinical Development of Fragile X Syndrome Program ↗
GlobeNewswire (press release)
2026-09-10 CONNECTA Therapeutics (síndrome X Frágil) atrae €3,1M en ronda liderada por Clave. Participa Inveready, CDTI y Prous Institute ↗
Webcapitalriesgo
2026-08-03 Julio consolida un verano récord en inversión: 672,85M€ en 38 operaciones ↗
El Referente
2026-07-17 Sensesbit Secures a €1 Million Funding Round to Accelerate Its International Expansion Across Europe and the Americas, with Participation from Clave Capital, Eoniq Fund, WindOne Consultores, and Paraíso Natural Ventures ↗
Capital-Riesgo.es
2026-07-17 Sensesbit, la startup de la USC que mide el sabor, cierra una ronda de financiación de un millón de euros ↗
El Correo Gallego
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