SSodena
Sodena (Sociedad de Desarrollo de Navarra) is the Pamplona-based public development company and financial investment arm of the Government of Navarra. It takes minority, temporary stakes in companies based in or moving to Navarra, from seed-stage start-ups to established SMEs and large industrial projects. It invests directly, through Start Up Capital Navarra, and as a limited partner in specialised venture funds such as Inveready Biotech III, Easo Ventures II and Ysios BioFund I. It also co-invests with Stellum Capital's Easo Ventures in start-ups that complete the BerriUp accelerator. Its portfolio of around a hundred companies includes Nabrawind Technologies, Palobiofarma, Leadartis and Solaris Bus & Coach. In 2025 its board authorised more than €33M in financial support, and it made €12.5M of exits that produced €3.7M in capital gains.
SectorsIndustry, Renewable Energy, Biotech & Health, Technology, Agrifood
VC MapPublic & regional funds
Team
Iñaki Larraya Garayalde
director Gerente
Montse Guerrero Pérez
subdirectora general de Sostenibilidad y Economía Circular
Portfolio companies 43
Open 35 as list → On map →
MMOA Foodtech
entered at Series A, 2024
F
Fuvex
led Series A, 2025
TTelum Therapeutics
entered at Series A, 2026
DDarwin Biomed
led Pre-seed, 2026
VVelites
entered at Seed, 2024
OOpportunity Health
entered at Pre-seed, 2025
UUbyko
entered at Pre-seed (estimated), 2025
MMuxunav
entered at Venture Debt, 2025
YYsium Medical
led Seed (estimated), 2025
BBeePlanet Factory
entered at Seed (estimated), 2022
AAlmotech
entered at Pre-seed (estimated), 2022
IinBiot
led Pre-seed (estimated), 2021
MMedibiofarma
entered at Seed (estimated), 2019
PPalobiofarma
led Series C (estimated), 2013
PPyroistech
entered at Pre-seed (estimated), 2023
QQR4events
entered at a round, 2023
AAbanza Tecnomed
led Seed (estimated), 2022
GGreendur Technologies
led Pre-seed (estimated), 2022
IInnoUp Farma
entered at Seed, 2015
CCO2 Revolution
entered at Pre-seed (estimated), 2018
EEversens
entered at Seed, 2018
OOjer Pharma
entered at Seed, 2014
MMultihelpers
entered at Pre-seed (estimated), 2017
AAir-Rops
entered at Pre-seed (estimated), 2015
A
Ability Pharmaceuticals
per company site
B
BeeCycle
per company site
DDr. Platypus & Ms. Wombat
per company site
FFamiliados
LLeancleaning
per company site
MMedical Plasmas
per company site
OOnna
per company site
PPetkis
per company site
TtuSpeaking
per company site
UUptech Sensing
per company site
W
Welfare Tracker
per company site
Exited or sunsetted (8)
MMainRail
entered at Seed (estimated), 2023
SStone Cooker
led a round, 2019
D
Digna Biotech
per company site
I
Iden Biotechnology
per company site
IIdifarma
per company site
IIKAN Biotech
S
S21sec
per company site
V
Vehortu
Funding rounds 42
Open as list →| Date | Company | Round | Amount | Lead |
|---|---|---|---|---|
| 2026-09-03 | MOA Foodtech | Series A (estimated) | €3.3M |
Swanlaab Innvierte Agri Food Tech
+5 more
|
| 2026-08-25 | Homvers | Public Loan | €100K | Sodena |
| 2026-08-05 | Fuvex | Series A (estimated) | €3M |
Lead not disclosed
+3 more
|
| 2026-06-30 | Telum Therapeutics | Series A | €18M |
AMR Action Fund, Inveready
+4 more
|
| 2026-05-06 | Darwin Biomed | Pre-seed | €1M |
Easo Ventures, Sodena
+2 more
|
| 2026-04 | Velites | Series A (estimated) | €3.3M |
Lead not disclosed
+1 more
|
| 2026-01-28 | Opportunity Health | Pre-seed (estimated) | €334K incl. debt: equity and debt, the split was not disclosed |
Lead not disclosed
+3 more
|
| 2025-10-20 | Fuvex | Series A | €1.7M | Sodena |
| 2025-06-03 | Ubyko | Pre-seed (estimated) | €450K |
Lead not disclosed
+2 more
|
| 2025-04-09 | Opportunity Health | Pre-seed | €100K |
Lead not disclosed
+2 more
|
| 2025-04-01 | Muxunav | Venture Debt | €400K |
Lead not disclosed
+3 more
|
| 2025-02-13 | Ysium Medical | Seed (estimated) | approximately €800K |
Sodena, Vidorreta Design Group
+5 more
|
| 2024-12-09 | BeePlanet Factory | Series A (estimated) | €5M |
Lead not disclosed
+6 more
|
| 2024-08 | Almotech | Seed | €50K partial: only one investor's ticket was disclosed |
Lead not disclosed
+1 more
|
| 2024-06-25 | MOA Foodtech | Series A | €3M |
ICOS Capital
+5 more
|
| 2024-06-13 | inBiot | Seed (estimated) | €500K |
No single lead
+2 more
|
| 2024-04-03 | Medibiofarma | Seed (estimated) | €1M |
Lead not disclosed
+2 more
|
| 2024-02-12 | Palobiofarma | No stage disclosed | €7M |
Lead not disclosed
+3 more
|
| 2024-01-17 | Velites | Seed | €904K |
Lead not disclosed
+1 more
|
| 2023-12-07 | Pyroistech | Pre-seed (estimated) | €50K |
Lead not disclosed
+2 more
|
| 2023-12-05 | MainRail | Seed (estimated) | €854K |
Lead not disclosed
+3 more
|
| 2023-12 | QR4events | No stage disclosed | €120K incl. debt: equity and debt, the split was not disclosed |
Lead not disclosed
+1 more
|
| 2023-11-20 | Nucaps Nanotechnology | Public Loan | €150K | Sodena |
| 2022-12-17 | Almotech | Pre-seed (estimated) | €275K |
Lead not disclosed
+3 more
|
| 2022-03-15 | BeePlanet Factory | Seed (estimated) | €500K |
ENION Partners
+1 more
|
| 2022-03-15 | Medibiofarma | Seed (estimated) | €1.2M |
Lead not disclosed
+3 more
|
| 2022-03-09 | Abanza Tecnomed | Seed (estimated) | €1.2M | Sodena, Clave Capital |
| 2022-02-16 | Greendur Technologies | Pre-seed (estimated) | €227K | Sodena |
| 2021-10-18 | MOA Foodtech | Public Loan | €100K | Sodena |
| 2021-04-27 | Familiados | Public Loan | €100K | Sodena |
| 2021-04-22 | Medibiofarma | Seed (estimated) | €615K |
Lead not disclosed
+1 more
|
| 2021-02-22 | BeePlanet Factory | Public Loan | €150K | Sodena |
| 2021-02-09 | inBiot | Pre-seed (estimated) | €204K | Sodena |
| 2021-01-28 | InnoUp Farma | Seed | €991K |
Lead not disclosed
+3 more
|
| 2021-01-26 | Air-Rops | Public Loan | — | Sodena |
| 2021-01-26 | Vehortu | Public Loan | — | Sodena |
| 2021-01-26 | IKAN Biotech | Public Loan | — | Sodena |
| 2021-01-19 | CO2 Revolution | Pre-seed (estimated) | €250K |
Lead not disclosed
+1 more
|
| 2020-07-01 | Eversens | Seed (estimated) | €356K |
Lead not disclosed
+4 more
|
| 2019-05-31 | Ojer Pharma | Seed (estimated) | €640K |
Lead not disclosed
+4 more
|
| 2019-04-11 | InnoUp Farma | Seed | approximately €600K |
Lead not disclosed
+2 more
|
| 2019-04-02 | Medibiofarma | Seed (estimated) | €2M |
Lead not disclosed
+1 more
|
| 2019-01 | Stone Cooker | No stage disclosed | — | Sodena |
| 2018-06-08 | Eversens | Seed | €340K |
Lead not disclosed
+3 more
|
| 2018-01 | CO2 Revolution | Pre-seed (estimated) | €20K |
Lead not disclosed
+1 more
|
| 2018-01 | CO2 Revolution | Public Loan | €50K |
Lead not disclosed
+1 more
|
| 2017-11-06 | Eversens | Public Loan | €30K | Sodena |
| 2017-01-20 | Multihelpers | Public Loan | €35K | Sodena (Sociedad de Desarrollo de Navarra) |
| 2017-01-20 | Multihelpers | Pre-seed (estimated) | €160K incl. debt: equity and debt, the split was not disclosed |
Lead not disclosed
+1 more
|
| 2015-10-28 | InnoUp Farma | Seed | €2M |
Lead not disclosed
+4 more
|
| 2015-01 | Air-Rops | Pre-seed (estimated) | €300K |
Lead not disclosed
+2 more
|
| 2014-07-18 | Ojer Pharma | Seed | €600K |
Inveready
+2 more
|
| 2013-06-19 | Palobiofarma | Series C (estimated) | €4.5M |
Sodena, Fitalent, Inveready Biotech II
+1 more
|