Investor

Finaves

iese.edu/entrepreneurship/finaves ↗ ·Barcelona ·Early stage ·Actively investing

Finaves is IESE Business School's venture capital platform, founded in 2000 by Professor Pedro Nueno to invest in ventures born within the IESE community and Spain's broader entrepreneurial ecosystem. It invests sector-agnostically at seed and pre-Series A stages, typically alongside co-investing VCs, and has made 60+ direct investments totaling over €20M, generating 1,200+ jobs. Portfolio companies include Cooltra, Busup, ForceManager, and Parclick.

Portfolio
29
Team
5
AUM
n/a
Rounds
13
Cheque
€100k–€500k
SectorsSector agnostic VC MapSeed

Profile updated 18 Jul 2026

Team

Partners 2 Investment Team 1 Others 2
Paula Sancho
Managing Partner
Pedro Nueno
Founder, Professor Emeritus of Entrepreneurship
—
Mathieu Carenzo
Investment Committee Member / Senior Lecturer
Albert Fernández
Director / Professor of Accounting, Control & Entrepreneurship
—
Silvia Gomáriz
Legal Advisor

Portfolio companies 29

Agroptima
agroptima.com
Company Series A Barcelona
Apartool
apartool.com
Company Series A Barcelona
BidAway
www.bidaway.com
Company Series A Barcelona
Boxmotions
boxmotions.com
Company Seed Barcelona
BusUp
busup.com
Company Series B Barcelona
Ciudadela
ciudadela.eu
Company Series A Madrid
Clevergy
clevergy.io
Company Series A Madrid
cliniclic
cliniclic.com
Company Series A Valencia
Club Clínico
clubclinico.es
Company Seed Valencia
Daysk
daysk.com
Company Seed Barcelona
Dinbeat
dinbeat.com
Company Seed Barcelona
Going Green
goinggreen.es
Company Other Castelldefels
Great Little People
greatlittlepeople.com
Company Seed Madrid
Ixorigue
www.ixorigue.com
Company Seed Madrid
Kubi Wireless
kubiwireless.com
Company Other Barcelona
Marketpay
marketpay.io
Company Seed Barcelona
Mettis AI
mettis.ai
Company Seed Madrid
NeuralTrust
neuraltrust.ai
Company Seed Barcelona
Nubelo
Company Series A Barcelona
Nuwe
nuwe.io
Company Seed Barcelona
Ofertia
ofertia.com
Company Other Barcelona
Parclick
parclick.com
Company Series A Madrid
Petuky
petuky.com
Company Seed Madrid
Run to Wear
runtowear.com
Company Seed Madrid
Swipcar
www.swipcar.com
Company Seed Barcelona
Taclia
taclia.com
Company Series A Barcelona
Talent Clue
talentclue.com
Company Seed Barcelona
Winahost
winahost.com
Company Seed Barcelona
Worldsensing
worldsensing.com
Company Series D Barcelona

Funding rounds 13

NeuralTrust · Seed · €17.2M
NeuralTrust raised a $20M seed — the largest cybersecurity seed by an EU company — to secure and govern enterprise AI agents; customers incl…
2026-06-17
Apartool · Other · €1.8M
Apartool raised €1.8M in what it calls a consolidation round, subscribed mainly by existing investors Barlon Capital, Roch Ventures, Telegra…
2026-02-24
BUSUP · Other · €2.84M
True Global Ventures invested €2.84M ($3.21M) in Barcelona-based corporate and school shared-mobility platform BUSUP through its TGV5 Opport…
2025-05-09
BusUp · Series B · €13M
Barcelona-based corporate shuttle and shared-mobility platform BusUp closed a €13M capital increase that brought in Sabadell Venture Capital…
2024-10-30
Ciudadela · Seed · €2.7M
Ciudadela, a Madrid proptech founded in 2022 that digitises the administration of residential communities using AI, closed a €2.7M equity ro…
2024-10-10
Clevergy · Seed · €1.5M
Madrid-based Clevergy raised €1.5M led by Zubi, the group chaired by Iker Marcaide, to expand its home energy management software sold throu…
2024-01-31
Apartool · Series A · €5.5M
Apartool, a B2B corporate housing platform for long-stay employee accommodation, closed a €5.5M Series A co-led by Barlon Capital and ROCH V…
2023-10-18
NUWE · Seed · €739K
NUWE closed a second round of €739,000 led by Asterius VC, with Demium Capital reinvesting alongside IESE's seed fund Finaves and Back Fund.…
2023-02-21
Ixorigue · Seed · €1M
Ixorigue, an agtech from Benasque (Huesca) that tracks free-range cattle with a smart collar, raised €1M led by Finaves, the IESE-managed fu…
2021-09-07
Dinbeat · Seed · €500K
Pet-health monitoring startup Dinbeat, maker of the wireless Dinbeat UNO vital-signs monitor, closed its second round of €500K, made up enti…
2020-06-03
Boxmotions · Seed · €2.4M
Boxmotions runs an on-demand smart storage service. It closed a €2.4M round co-led by Fitalent (Everis), Castel Capital and Finaves, to laun…
2020-01-10
Worldsensing · Series B
Worldsensing announced an undisclosed round that the company itself billed as its Series B, bringing in Cisco Investments, Mitsui & Co, Kibo…
2015-11-10
Worldsensing · Series A · €1.8M
Worldsensing raised about €1.8 million in 2013 from Fundacion Jose Manuel Entrecanales, IESE Business School's Finaves fund and a group of f…
2013-01

News & media 3

PublishedArticle
2026-02-25 Apartool closes €1.8 million funding round with participation from Barlon Capital, Roch Ventures, Telegraph Hill Capital, Finaves, and Endra Capital ↗
Capital-Riesgo.es
2024-10-21 Ciudadela Raises to Digitise Estate Management in a Round Led by Telefonica's Wayra ↗
PropTech Connect
2024-01-31 Madrid-based climate tech Clevergy gets €1.5 million to lead the home energy management market ↗
EU-Startups
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