IItzarri EPSV
Itzarri EPSV is a Vitoria-Gasteiz-based voluntary social welfare entity (Entidad de Previsión Social Voluntaria) that manages the occupational pension plan for employees of the General and Institutional Administration of the Basque Country. Founded in 2005, it had about €1.6B in assets and more than 134,000 members at the end of 2025. As part of its commitment to invest in the Basque economy, which makes up more than 10% of its assets, it co-invests in early-stage Basque start-ups alongside Easo Ventures. These investments include seed rounds in CyberTIX and Normo, and it also holds stakes in listed Basque companies such as Tubacex.
SectorsCybersecurity, Logistics, Technology
VC MapPublic & regional funds
Team
J
José Ignacio de Pablo
Director General
Portfolio companies 9
Open 8 as list → On map →
RRevenant
entered at Seed (estimated), 2025
BBeGas Motor
entered at Seed (estimated), 2019
BBeePlanet Factory
entered at Series A (estimated), 2024
CCybertix
entered at Seed (estimated), 2024
NNormo
entered at Seed, 2022
EEPowerlabs
entered at Seed (estimated), 2022
VVoon Sports
entered at Seed, 2020
HHerko Alternative Trucks
per company site
Exited or sunsetted (1)
Oreka Training
per company site
Funding rounds 9
Open as list →| Date | Company | Round | Amount | Lead |
|---|---|---|---|---|
| 2025-05-29 | Revenant | Seed (estimated) | €3.3M |
Lead not disclosed
+4 more
|
| 2024-12-30 | BeGas Motor | Unstaged equity | €18M |
Lead not disclosed
+9 more
|
| 2024-12-09 | BeePlanet Factory | Series A (estimated) | €5M |
Lead not disclosed
+6 more
|
| 2024-11-26 | Cybertix | Seed (estimated) | €1M |
Easo Ventures
+1 more
|
| 2022-12-14 | Normo | Seed | €1M |
Easo Ventures
+1 more
|
| 2022-12-01 | EPowerlabs | Seed (estimated) | €3M |
Lazpiur
+3 more
|
| 2020-07-22 | BeGas Motor | Series A (estimated) | €5.2M |
Lead unknown
+8 more
|
| 2020-07-17 | Voon Sports | Seed | €300K |
Lead unknown
+2 more
|
| 2019-05-06 | BeGas Motor | Seed (estimated) | — |
Lead unknown
+5 more
|
Often invests with 13
Open as list →News 5
Open as list →| Published | Article |
|---|---|
| 2026-05-22 |
Arteche ya es la mayor inversión en empresas del fondo de funcionarios Itzarri superando a Tubacex ↗
Crónica Vasca (El Español)
2026-05-22 |
| 2026-04-22 |
Itzarri EPSV de Empleo aprueba las cuentas de 2025 tras cerrar el ejercicio con una rentabilidad del 7,95% ↗
Irekia – Gobierno Vasco
2026-04-22 |
| 2025-10-01 |
Normo, backed by Easo Ventures and Itzarri EPSV, receives a strategic investment from SALTO WECOSYSTEM to boost its smart mailboxes ↗
Capital-Riesgo.es
2025-10-01 |
| 2024-11-26 |
CyberTIX closes a €1 million financing round with the participation of Easo Ventures and Itzarri EPSV ↗
Capital-Riesgo.es
2024-11-26 |
| 2024-09-12 |
BeePlanet Factory S.L. raises €5M round to boost international expansion and develop new business models ↗
Suma Capital (press release)
2024-09-12 |