Istria Capital

Istria Capital is a Madrid-based fund of search funds. It backs entrepreneurs who raise search funds to buy and run one profitable, established small or medium-sized business, mostly in Europe and also elsewhere in the world. It writes small initial search-capital tickets, averaging about €70K, then co-invests when a searcher makes an acquisition and typically stays invested for the long term. Its Fund II closed at €50M in July 2024. Across its funds it has backed more than 120 search funds and holds over 40 operating companies, and Fund I has recorded several exits.

Tracked portfolio
1
Team
8
AUM
€70M
Rounds
0
Cheque
~€70K
SectorsSearch funds, SME acquisitions, Generalist VC MapSeries C+

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Team

Simón Bores
Co-founder and Partner
Ignacio Olavarría
Co-founder and Partner

Portfolio companies 2

Open 1 as list → On map →
Bike Ocasión
per company site
Marketplace & E-commerce
Exited or sunsetted (1)
Anek S3
per company site
Acquired by Safe Life, 2025

Funding rounds

DateCompanyRoundAmountLead
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