SSPRI is the Basque Government's business development agency, based in Bilbao. It invests in companies through Gestión de Capital Riesgo del País Vasco, its venture capital management company and the second-oldest registered with Spain's CNMV. Its public funds take minority, temporary stakes from pre-seed to growth stage, using equity, participating loans and convertible instruments, and usually hold them for five to ten years. Its funds include Basque FCR, Basque FCR-Emprendizaje, Ezten FCR and Ekintzaile XXI FCR. They focus on Basque companies in energy and decarbonisation, advanced manufacturing and digital technologies, and biosciences and health. The group has backed more than 500 companies, and recent co-investments include Multiverse Computing and H2SITE.
SectorsEnergy & Decarbonisation, Circular Economy, Electromobility, Advanced Manufacturing, Digitalisation, Robotics, Microelectronics, Biosciences & Health
VC MapPublic & regional funds
Team
A
Arrate Aranbarri Osoro
Director, Gestión de Capital Riesgo del País Vasco (SPRI venture capital arm)
Portfolio companies 38
Open 34 as list → On map →H
HAWK Biosystems
entered at Series A (estimated), 2026
IInspectRail
led Seed, 2026
OOrbik Cybersecurity
entered at Seed (estimated), 2025
NNeety
entered at Pre-seed, 2026
NNNEAT
entered at Seed, 2026
MMultiverse Computing
entered at Seed, 2020
SSemi Zabala
entered at Seed (estimated), 2025
FFagor Ederbatt
entered at a round, 2025
OOptidel Biosystems
entered at Seed (estimated), 2025
HH2SITE
entered at Series A, 2022
AADI Data Center
entered at a round, 2024
T
TRAK
entered at Seed (estimated), 2024
IInmedical Therapeutics
entered at Seed (estimated), 2024
CCocoon Bioscience
entered at Series A (estimated), 2023
IIrisbond
entered at Seed, 2015
SSafeLoc Systems
entered at Seed (estimated), 2023
QQuatre Lab
entered at Seed, 2023
VVeltium Smart Chargers
entered at Seed (estimated), 2023
EEPowerlabs
entered at Seed (estimated), 2022
IIzpitek Solar
entered at Seed, 2022
BBasquevolt
led Seed, 2022
BBarbara
entered at Seed, 2020
AAtlas Molecular Pharma
led Series A (estimated), 2022
U
Ubikare
entered at a round, 2021
A
Addilan
entered at Seed, 2021
PPolimerbio
entered at Seed, 2020
D
Deneb Medical
entered at Seed, 2019
SSatlantis
entered at Seed (estimated), 2016
VVantelis
entered at Series A, 2016
IInnkia Artificial Intelligence
per company site
NNaru Healthcare
per company site
SSiaps
per company site
SSurphase
per company site
ZZetrack e-Farming
per company site
Exited or sunsetted (4)
OOreka Training
per company site
OOWL Metabolomics
per company site
PPatia
per company site
WWattio
per company site
Funding rounds 38
Open as list →| Date | Company | Round | Amount | Lead |
|---|---|---|---|---|
| 2026-10-21 | HAWK Biosystems | Series A (estimated) | €3.5M |
Inveready
+2 more
|
| 2026-09-21 | InspectRail | Seed | €1.5M incl. debt: equity and debt, the split was not disclosed |
Basque Tek Ventures
+3 more
|
| 2026-05-19 | Orbik Cybersecurity | Seed (estimated) | €2M |
Lead not disclosed
+3 more
|
| 2026-05-08 | Neety | Pre-seed | €330K |
Lead not disclosed
+2 more
|
| 2026-02-18 | NNEAT | Seed | €800K |
Easo Ventures
+3 more
|
| 2025-06-12 | Multiverse Computing | Series B | approximately $170M |
Bullhound Capital
+8 more
|
| 2025-06-05 | Semi Zabala | Seed (estimated) | €5.31M |
Lead not disclosed
+6 more
|
| 2025-05-29 | Fagor Ederbatt | No stage disclosed | €4.72M |
Fagor Ederlan
+5 more
|
| 2025-03-27 | Optidel Biosystems | Seed (estimated) | — |
BasketekVenture
+1 more
|
| 2025-01-20 | Orbik Cybersecurity | Seed (estimated) | €1.8M |
Lead not disclosed
+3 more
|
| 2025-01-16 | H2SITE | Series B | €36M |
Hy24, SC Net Zero Ventures (Suma Capital)
+6 more
|
| 2024-12-16 | ADI Data Center | No stage disclosed | €4.8M |
Lead not disclosed
+5 more
|
| 2024-03-04 | InspectRail | Pre-seed | €330K |
Lead not disclosed
+2 more
|
| 2024-02-02 | TRAK | Seed (estimated) | €1.3M |
Decelera Ventures
+4 more
|
| 2024-01-18 | Inmedical Therapeutics | Seed (estimated) | €800K |
Viscofan
+1 more
|
| 2023-11-03 | Cocoon Bioscience | Series A | €2M |
Mondragon Corporation, Bexen Medical
+6 more
|
| 2023-10-26 | Irisbond | Series B (estimated) | €2M |
Lead not disclosed
+2 more
|
| 2023-08-09 | SafeLoc Systems | Seed (estimated) | €2M |
BeAble Capital
+2 more
|
| 2023-06-01 | Quatre Lab | Seed | approximately €5M |
Lead not disclosed
+2 more
|
| 2023-04-17 | Veltium Smart Chargers | Seed (estimated) | €1.5M |
Capital Energy Quantum
+1 more
|
| 2023-03-14 | Cocoon Bioscience | Series A (estimated) | €15M |
Columbus Venture Partners
+5 more
|
| 2023-01-03 | Lentitech | Grant | €868K |
Lead unknown
+2 more
|
| 2022-12-01 | EPowerlabs | Seed (estimated) | €3M |
Lazpiur
+3 more
|
| 2022-10-14 | Izpitek Solar | Seed | — |
Lead not disclosed
+4 more
|
| 2022-06-29 | H2SITE | Series A | €12.5M |
Breakthrough Energy Ventures
+5 more
|
| 2022-06-13 | Basquevolt | Seed | €10M |
Basque Government
+5 more
|
| 2022-05-11 | Barbara | Series A (estimated) | €2.5M |
Caixa Capital Risc
+4 more
|
| 2022-02-01 | Atlas Molecular Pharma | Series A (estimated) | €3M |
Inveready, CDTI, Ezten FCR (Grupo SPRI)
+3 more
|
| 2021-10-20 | Multiverse Computing | Seed | €10M |
JME Ventures
+9 more
|
| 2021-09-21 | Ubikare | No stage disclosed | — |
Mutua Madrileña
+2 more
|
| 2021-05-12 | Addilan | Seed | — |
Lead not disclosed
+3 more
|
| 2020-12-16 | Barbara | Seed | €500K |
GoHub Ventures
+2 more
|
| 2020-11-16 | Multiverse Computing | Seed | €1.5M |
Lead not disclosed
+5 more
|
| 2020-07-23 | Polimerbio | Seed | — |
Lead not disclosed
+2 more
|
| 2019-01 | Deneb Medical | Seed | — |
Orza Gestión y Tenencia de Patrimonios AIE
+1 more
|
| 2018-01-08 | Irisbond | Series A (estimated) | €1.23M |
Geroa Pentsioak EPSV
+1 more
|
| 2016-11 | Satlantis | Seed (estimated) | €2.35M |
Lead not disclosed
+7 more
|
| 2016-06-22 | Vantelis | Series A | €1.5M |
Alma Mundi Innvierte Fund
+1 more
|
| 2015-03-02 | Irisbond | Seed | €300K |
Lead not disclosed
+2 more
|