BBullnet Capital
Independent Spanish venture capital firm founded in 2001, specializing in early-stage deep tech startups originated in Spain. It invests across software, electronic systems, microelectronics, photonics, medical devices, quantum technologies, and AI/ML, backing companies with breakthrough, IP-protectable technology through minority-stake, hands-on investments. Has raised four funds (Bullnet Capital I–IV) with backing from the European Investment Fund and EU programs (Horizon 2020, InvestEU, NextGenerationEU), and counts notable exits including Anafocus (acquired by e2v) and Oncovision's preclinical division (sold to Bruker).
SectorsDeep tech, Software, Electronic systems, Microelectronics, Photonics, Medical devices, AI/ML, Quantum technologies
VC MapSeed
Team
J
Javier Ulecia
Founding Partner
M
Miguel del Cañizo
Founding Partner
Isaac Mendoza
General Partner
Portfolio companies 23
Open 22 as list → On map →
FFlexiiC
led Series A, 2026
BBioherent
entered at Seed (estimated), 2022
IImpetux Optics
led Series A (estimated), 2026
BBitsphi
led Seed (estimated), 2021
22EyesVision
led Series A (estimated), 2020
WWooptix
led Series B, 2023
AAnyverse
led Seed (estimated), 2020
I
Inspiration-Q
led Seed, 2024
IInmersia
led Seed, 2024
MMLCode
led Seed, 2024
MMapsi Photonics
led Seed (estimated), 2024
LLeanXcale
led Seed (estimated), 2018
DDeep Detection
led Seed, 2023
AAGPhotonics
led Seed (estimated), 2023
EEnthec
entered at Seed (estimated), 2023
LLeapWave Technologies
led Seed, 2023
QQuside
led Series A, 2022
KKatoid
entered at Seed, 2022
F
FYLA
led Seed, 2022
OOncovision
entered at Seed (estimated), 2006
VViewtinet
led Seed, 2019
KKD
entered at Series A (estimated), 2012
Exited or sunsetted (1)
ZZhilabs
per company site
Funding rounds 38
Open as list →| Date | Company | Round | Amount | Lead |
|---|---|---|---|---|
| 2026-05-07 | FlexiiC | Series A | €2M | Bullnet Capital |
| 2026-05-04 | Bioherent | Seed (estimated) | €284K partial: only one investor's ticket was disclosed |
CDTI
+2 more
|
| 2026-04-29 | Impetux Optics | Series A (estimated) | €2.5M | Bullnet Capital |
| 2026-03-19 | Bitsphi | Seed | €284K partial: only one investor's ticket was disclosed |
Lead not disclosed
+3 more
|
| 2025-07-16 | Bioherent | Seed (estimated) | €2M |
Axon Partners Group
+2 more
|
| 2025-04-30 | 2EyesVision | Series A (estimated) | €950K |
Lead not disclosed
+4 more
|
| 2025-01-09 | Wooptix | Series C | approximately €10M |
Samsung Venture Investment Corporation, SETT (Sociedad Española para la Transformación Tecnológica)
+7 more
|
| 2024-09-12 | Anyverse | Seed (estimated) | €450K partial: only one investor's ticket was disclosed |
Lead not disclosed
+2 more
|
| 2024-09-03 | Inspiration-Q | Seed | — | Bullnet Capital |
| 2024-08 | Inmersia | Seed | — |
Bullnet Capital
+2 more
|
| 2024-05-09 | MLCode | Seed | approximately €3M | Bullnet Capital |
| 2024-04-25 | Mapsi Photonics | Seed (estimated) | approximately €1.5M | Bullnet Capital |
| 2024-02-15 | LeanXcale | Seed (estimated) | €675K |
Lead not disclosed
+2 more
|
| 2023-12-13 | 2EyesVision | Series A (estimated) | €900K partial: only one investor's ticket was disclosed |
Lead not disclosed
+2 more
|
| 2023-07-21 | Wooptix | Series B | €10M |
Bullnet Capital, CDTI
+6 more
|
| 2023-07-20 | Deep Detection | Seed | — |
Bullnet Capital
+3 more
|
| 2023-07 | AGPhotonics | Seed (estimated) | approximately €2.7M | Bullnet Capital |
| 2023-06-07 | MLCode | Pre-seed | — | Bullnet Capital |
| 2023-05-12 | Enthec | Seed (estimated) | approximately €1M |
Draper B1
+3 more
|
| 2023-04-17 | LeapWave Technologies | Seed | — | Bullnet Capital |
| 2023-01-16 | Anyverse | Seed | €700K partial: only one investor's ticket was disclosed |
Lead not disclosed
+3 more
|
| 2022-11-30 | Quside | Series A | €10M |
Trumpf Venture, Bullnet Capital
+3 more
|
| 2022-07 | Katoid | Seed | — |
Lead not disclosed
+3 more
|
| 2022-02-23 | FYLA | Seed | €341K | CDTI Innvierte, Bullnet Capital |
| 2022-02-21 | Bioherent | Seed (estimated) | €2.9M |
Lead not disclosed
+2 more
|
| 2021-12 | Oncovision | No stage disclosed | €450K partial: only one investor's ticket was disclosed |
Lead not disclosed
+2 more
|
| 2021-07-26 | Bitsphi | Seed (estimated) | €2.85M |
Bullnet Capital
+1 more
|
| 2020-12-11 | Oncovision | No stage disclosed | €1.14M |
Lead not disclosed
+3 more
|
| 2020-11-24 | 2EyesVision | Series A (estimated) | €1.34M |
Bullnet Capital
+2 more
|
| 2020-04-29 | Anyverse | Seed (estimated) | €3M | Bullnet Capital, Inveready |
| 2019-03-16 | Viewtinet | Seed | €2M | Bullnet Capital |
| 2019-03-15 | FYLA | Seed (estimated) | €2M | Bullnet Capital |
| 2018-11 | LeanXcale | Seed (estimated) | €2M | Bullnet Capital |
| 2017-12-12 | 2EyesVision | Series A | — | Bullnet Capital |
| 2016-09 | LeanXcale | Seed | — | Bullnet Capital |
| 2016-07-28 | Wooptix | Series A | $3.3M |
Bullnet Capital, Intel Capital
+1 more
|
| 2012-01-02 | KD | Series A (estimated) | — |
Lead not disclosed
+2 more
|
| 2006-08 | Oncovision | Seed (estimated) | — |
Lead not disclosed
+1 more
|