Investor

SPRI

spri.eus ↗ ·Bilbao ·Multi stage ·Actively investing

SPRI (Basque Business Development Agency) is a public entity of the Basque Government that supports Basque enterprises through financing, internationalization, innovation and entrepreneurship programs. Its venture capital arm, Gestión de Capital Riesgo del País Vasco, is the second-oldest VC management company registered in Spain (CNMV), investing across pre-seed/seed, Series A and growth stages in strategic sectors tied to the Basque Industry Plan 2030 (energy transition, digital/advanced manufacturing, and health), with a track record of over 500 portfolio companies.

Portfolio
29
Team
2
AUM
n/a
Rounds
14
SectorsEnergy transition / decarbonization / circular economy, Advanced manufacturing / digitalization / robotics / microelectronics, Biosciences / health / silver economy VC MapPublic & regional funds

Profile updated 17 Jul 2026

Team

No one in this group yet.
No one in this group yet.
Aitor Urzelai Inza
Director General, SPRI Group
Arrate Aranbarri Osoro
Director, Gestión de Capital Riesgo del País Vasco (SPRI venture capital arm)

Portfolio companies 29

Addilan
www.addilan.com/en
Company Seed Durango
Atlas Molecular Pharma
atlasmolecularpharma.com
Company Series A Derio
Basquevolt
basquevolt.com
Company Seed Vitoria-Gasteiz
Cocoon Bioscience
cocoonbio.com
Company Series A Bilbao
EPowerlabs
epowerlabs.com
Company Seed San Sebastián
Fagor Ederbatt
fagorederbatt.com
Company Other Eskoriatza
H2SITE
h2site.eu
Company Series B Loiu
Inmedical Therapeutics
www.inmedicaltherapeutics.com
Company Seed Vitoria-Gasteiz
Innkia Artificial Intelligence
innkia-ai.com
Company Other Arrasate-Mondragón
InspectRail
inspectrail.es
Company Pre-seed San Sebastián
Irisbond
www.irisbond.com
Company Series A San Sebastián
Multiverse Computing
multiversecomputing.com
Company Series B San Sebastián
Naru Intelligence Solutions
naruintelligence.com
Company Seed San Sebastián
Neety
neety.com
Company Pre-seed San Sebastián
NNEAT
nneatcyber.com
Company Seed Bilbao
Optidel Biosystems
optidelbiosystems.com
Company Seed Zamudio
Orbik Cybersecurity
orbik-cybersecurity.com
Company Other Arrasate-Mondragón
Patia
patiadiabetes.com
Company Other San Sebastián
Quatre Lab
quatrelab.com
Company Seed San Sebastián
SafeLoc Systems
safeloc.es
Company Seed San Sebastián
Satlantis
satlantis.com
Company Series A Bilbao
Siaps
siaps.tech
Company Pre-seed Ordizia
Surphase
www.surphase.eu
Company Other San Sebastián
TRAK
traksalud.com
Company Series A Valencia
Ubikare
ubikare.eus
Company Other Getxo
USA Group
usagroup.es
Company Other Mallabia
Veltium Smart Chargers
veltium.com
Company Seed San Sebastián
Wattio
wattio.com
Company Series A San Sebastián
Zetrack e-Farming
zetrack.eco
Company Seed Amorebieta-Etxano

Funding rounds 14

InspectRail · Seed · €1.5M
InspectRail is a CEIT spin-off founded in 2023 that turns ordinary trains into inspection trains, monitoring track and catenary with AI. The…
2026-09-21
Orbik Cybersecurity · Other · €2M
Basque industrial cybersecurity startup Orbik Cybersecurity closed a €2 million capital increase subscribed by its existing strategic shareh…
2026-05-19
Neety · Pre-seed · €330K
Basque startup Neety closed a €330,000 pre-seed round backed by business angels and mentors linked to SeedRocket, complemented by public fin…
2026-05-08
Multiverse Computing · Series B · $215M
Multiverse Computing raised a $215M Series B led by Bullhound Capital to scale CompactifAI, its quantum-inspired technology that compresses …
2025-06-12
Fagor Ederbatt · Other · €4.72M
Fagor Ederbatt (incorporated in May 2022 as EG Battery Solutions SL with €80,000 of capital) was recapitalised and relaunched under its new …
2025-05-29
InspectRail · Pre-seed · €330k
InspectRail, a 2023 spin-off of the Ceit technology centre, completed a €330,000 pre-seed capital increase with prominent participation from…
2024-03-04
TRAK · Seed · €1.3M
Basque digital physiotherapy startup TRAK closed its second round, €1.3 million led by impact fund Decelera Ventures, to scale its AI-based …
2024-02-02
Inmedical Therapeutics · Seed · €800K
Basque medtech Inmedical Therapeutics closed an €800,000 round bringing in casings group Viscofan and the Basque government's Gestión de Cap…
2024-01-18
Inmedical Therapeutics · Seed · €800K
Basque medtech Inmedical Therapeutics closed an €800,000 round bringing in casings group Viscofan and the Basque government's Gestión de Cap…
2024-01-18
Cocoon Bioscience · Series A · €2M
Cocoon Bioscience, which uses cocooned insects as bioreactors to produce enzymes and growth factors for pharma and cultivated meat, raised €…
2023-11-06
Irisbond · Other · €2M
Basque eye-tracking company Irisbond raised €2 million in public-private funding, including from the venture capital arm (Sociedad de Capita…
2023-10-26
SafeLoc Systems · Seed · €2M
SafeLoc Systems, a 2022 spin-off of the Ceit technology centre (University of Navarra), closed a €2 million round to accelerate development …
2023-08-09
Basquevolt · Other
Iberdrola, through its PERSEO programme, took a stake in newly created Basque solid-state battery company Basquevolt, alongside founding sha…
2022-06-13
Satlantis · Seed · €2.35M
Satlantis' first investment round, raised from four large companies (Telefónica, everis-NTT, engineering firm IDOM and Basque investment veh…
2016-11

News & media 11

PublishedArticle
2026-07-16 EZTEN II, nuevo fondo dotado con €50M, se estrena invirtiendo en Walter Pack en una ronda liderada por Stellum ↗
Webcapitalriesgo
2026-07-15 El Gobierno Vasco lanza un Fondo de Capital Riesgo de 50 millones para reforzar el tamaño, la competitividad y la transformación de la pyme industrial vasca ↗
SPRI (nota de prensa)
2026-07-15 The Basque Government launches a €50 million private equity fund to strengthen the scale, competitiveness and transformation of Basque industrial SMEs ↗
Capital-Riesgo.es
2026-07-02 The Basque Government connects innovative startups with seven Basque public entities through the BIND GovTech initiative ↗
Capital-Riesgo.es
2026-06-06 895 Basque technology companies raised €324 million in investment in 2025 ↗
Capital-Riesgo.es
2026-04-22 The Basque Government establishes the €50 million venture capital fund HAZTEN SCALE-UP to accelerate the growth of Basque startups ↗
Capital-Riesgo.es
2026-01-30 The Basque Government launches an indirect scalability investment program to drive growth, consolidation, and business anchoring in the Basque Country ↗
Capital-Riesgo.es
2025-08-25 70 corporations seek startup solutions in BIND Corporate, the Basque Government's initiative ↗
Capital-Riesgo.es
2025-06-12 Spanish startup Multiverse Computing raises €189 million to scale technology that compresses LLMs by up to 95% ↗
EU-Startups
2025-05-27 SPRI y KONFEKOOP crean un nuevo fondo para impulsar las cooperativas industriales de Euskadi ↗
Capital-Riesgo.es
2025-01-17 Nueve nuevas empresas de alta tecnología se constituyen gracias a Basque Tek Ventures ↗
Capital-Riesgo.es
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