Investor · Other

Fondo Bolsa Social

www.bolsasocial.fund ↗ ·Madrid ·Early stage ·Actively investing

Fondo Bolsa Social is a Madrid-based impact venture capital fund, registered with the CNMV as a European Social Entrepreneurship Fund (FESE/EuSEF) and managed by Afi Inversiones Globales SGIIC. Launched in 2020 by José Moncada, founder of the equity crowdfunding platform Bolsa Social, together with Afi, the €22M fund takes minority stakes of €100K–1M in early-stage companies in Spain and Portugal. Target companies combine strong growth potential with a clear social or environmental mission, and the fund typically holds them for four to seven years. It invests across health and wellbeing, inclusive and quality education, sustainable production and consumption, climate action, and social integration. Its portfolio includes Tropicfeel, Tucuvi, Qida, Nostoc Biotech, Sepiia, Smowl, Hamelyn, IOMED and Adaion.

Portfolio
20
Team
3
AUM
€22M
Rounds
23
Cheque
€0.1–1M
SectorsHealth & Wellbeing, Education, Sustainable Production & Consumption, Climate Action, Social Inclusion VC MapSeed

Profile updated 23 Sep 2026

Team

Partners 1 Investment Team 2 Others 0
José Moncada
CEO
Laura Colina
Impact Analyst
Pablo Hermo
Investment Associate
No one in this group yet.

Portfolio companies 20

Adaion
adaion.energy
Company Seed Churriana de la Vega
Ciclogreen
ciclogreen.com
Company Seed Sevilla
CubicUp
cubicup.com
Company Seed Valencia
Erudit AI
www.erudit.ai
Company Series A Madrid
EZ Telecom
eztelecom.es
Company Seed Pozuelo de Alarcón
Hamelyn
hamelyn.com
Company Seed Madrid
Innogando
innogando.com
Company Seed Lugo
Iomed
iomed.es
Company Series A Barcelona
Kleta
www.kleta.com
Company Seed Barcelona
Newe
newe.eco
Company Seed Sevilla
Nostoc Biotech
nostoc.es
Company Seed Almería
Qida
qida.es
Company Series B Barcelona
RawData
agrawdata.com
Company Seed Barcelona
Sepiia
sepiia.com
Company Seed Madrid
Smowltech
smowl.net
Company Seed San Sebastián
Solum
solumpv.com
Company Seed Sevilla
toddl.co
toddl.co
Company Pre-seed Barcelona
Tropicfeel
tropicfeel.com
Company Series A Barcelona
Tucuvi
tucuvi.com
Company Series A Madrid
Turicleta
turicleta.com
Company Seed Ciudad Real

Funding rounds 23

Innogando · Seed · €1.4M
Innogando closed a €1.4M round led by impact fund Fondo Bolsa Social (managed by Afi Inversiones Globales SGIIC) with €1M, with municipal ve…
2025-07-08
Turicleta · Seed · €500K
Turicleta closed its first institutional round, a €500,000 capital increase led by impact fund Fondo Bolsa Social, to scale its network of s…
2025-04-08
EZ Telecom · Seed · €1M
EZ Telecom (Likes Telecom brand, legally EZ Easy Telecom) closed a second round of €1,000,000 via a capital increase, reported as co-led by …
2024-11-21
EZ Telecom · Seed · €500K
EZ Easy Telecom, a Spanish neutral operator that lets local shops and regional distributors launch white-label mobile and fibre brands via a…
2024-03-19
Cubicup · Seed · €1M
Cubicup, a carbon-neutral home renovation platform using BIM and 3D digital twins, raised €1M led by impact fund Fondo Bolsa Social to expan…
2024-02-21
toddl.co · Pre-seed · €500K
toddl.co, a booking and management platform for children's activities, closed a €500K pre-seed round led by impact fund Fondo Bolsa Social, …
2023-11-28
Adaion · Seed · €2.6M
Adaion, founded in 2021 within the Cuerva group's innovation ecosystem, closed a €2.6 million round led by Madrid software investor Investin…
2023-11-07
Erudit · Series A · $10M
Erudit raised a $10 million (≈€9.4M) Series A backed by an investor group formed by Conexo Ventures, Athos Capital, Ignia Partners, True Blu…
2023-09-26
IOMED · Series A · €10M
Barcelona-based IOMED closed a €10M Series A co-led by Philips Ventures and XTX Ventures, with Fondo Bolsa Social and Redseed joining alongs…
2023-09-14
Newe · Seed · €1.1M
Newe, a B2B pay-per-use SaaS that lets retailers offer rental, subscription, 'try and buy' and second-hand models through their own channels…
2023-07-18
RawData · Seed · €500K
Agtech startup RawData, founded in 2018, closed a €500,000 seed round with Archipélago Next, Fondo Bolsa Social and Startupxplore participat…
2023-03-30
Tropicfeel · Series A · €5M
Barcelona-based sustainable travel gear brand Tropicfeel closed a €5M Series A led by impact fund Fondo Bolsa Social with participation from…
2023-03-27
Qida · Series A · €18M
Qida, a Catalan provider of at-home care and accompaniment services for dependent and chronically ill seniors, raised €18M in what was descr…
2023-03-21
Sepiia · Seed · €2.3M
Sepiia closed its third round at roughly €2.3M in total: €1.9M (90% of the round) from institutional backers Fondo Bolsa Social and Faraday …
2023-02-24
Smowltech · Seed · €1.65M
Basque edtech Smowltech, whose SMOWL proctoring product uses multi-biometric data to verify students continuously during online exams, raise…
2022-05-04
Kleta · Seed · €2M
Kleta, a bicycle subscription service charging €19.50–€39.50 a month with maintenance and theft cover included, closed its second round of €…
2022-03-28
RawData · Seed · €200K
RawData makes software that digitises farm management, including a digital field notebook, worker management and cost tracking. It closed a …
2021-09-15
Solum · Seed · €750K
Seville company Solum makes solar paving. Its €750K round was led by Fondo Bolsa Social, with Capital Energy (through its Quantum corporate …
2021-07-27
Tropicfeel · Seed · €2M
Tropicfeel makes sustainable travel gear and apparel. It raised €2M: €1.8M from private investors led by Fondo Bolsa Social and €200K on Cro…
2021-07-09
Ciclogreen · Seed · €300K
Seville sustainable-mobility startup Ciclogreen closed a €300K second round co-led by Fondo Bolsa Social and Ship2B (Equity4Good). About €15…
2020-09-22
Qida · Series A · €3.6M
Barcelona home-care startup Qida, which provides technology-supported care at home for chronic and dependent patients, raised €3.6M led by C…
2020-06-30
Sepiia · Seed · €500K
Sepiia closed its second round at €500,000 (reported by El Referente as €506,533), co-led by Faraday Venture Partners and Fondo Bolsa Social…
2020-06-24
Tucuvi · Seed · €160K
Tucuvi makes an AI voice assistant that monitors elderly patients through phone calls. It raised €160K in 36 hours through the La Bolsa Soci…
2020-04-24

News & media 6

PublishedArticle
2026-09-21 Open Cosmos, Exein y Fever, protagonistas de las rondas ↗
Forbes España
2025-12-11 London's Punto Health raises €2.3 million to scale its AI-powered full-stack platform for dementia care ↗
EU-Startups
2025-07-08 Innogando recibe 1,4 millones para dar el gran salto internacional con su 'smartwatch' de vacas ↗
El Progreso
2025-04-08 Turicleta de Ciudad Real cierra una ronda de 500.000 euros liderada por Fondo Bolsa Social ↗
Lanza Digital
2024-11-21 EZ Telecom secures a new €1,000,000 funding round led by Faraday and Fondo Bolsa Social to accelerate its growth in rural areas ↗
Capital-Riesgo.es
2023-11-29 Barcelona-based toddl.co raises €500k pre-seed to boost the digitisation of the children's activities sector ↗
EU-Startups
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