Bewater Funds

bewaterfunds.com/en ↗ ·Madrid ·Invests Series C+

Bewater Funds is a Spanish asset manager that lets accredited investors buy shares or other illiquid assets of a single unlisted company (or diversified funds of several) through closed-end funds, effectively providing secondary liquidity for shareholders and employees of established Spanish/OECD private companies. Founded in 2018 by the team behind Indexa Capital, it has completed roughly 30 investments in unlisted companies to date.

SectorsGeneralist / Technology-focused startups and scaleups VC MapSeries C+
deals by stage19
Pre-seed1Seed18

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Team

Ramón Blanco
co-Fundador y Consejero Delegado de Bewater Funds
François Derbaix
co-Fundador y Consejero de Bewater Funds
Unai Ansejo
co-Fundador y Consejero de Bewater Funds

Portfolio companies 24

Open 22 as list → On map →

Funding rounds 19

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DateCompanyRoundAmountLead

Often invests with 6

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PublishedArticle
2026-09-28 Dealflow #528: Trebellar raised $18M. Clarity AI merges. Indexa hits €6B in AUM. ↗
Dealflow.es Newsletter
2026-09-28
2026-09-22 Pekata, the corporate gifting platform backed by Bewater Funds, completes a €1.9 million round with ENISA and bank financing ↗
Capital-Riesgo.es
2026-09-22
2026-09-14 Dealflow #526: Self-driving taxis in Madrid in Q4 2026. The data centre doubts. idealista launches in France. ↗
Dealflow.es Newsletter
2026-09-14
2026-09-08 Vecta invierte en Lico y estrena su fondo de €260M. Desinvierte Bewater ↗
2026-07-14 Bewater Funds elige otra empresa valenciana para sacar un nuevo fondo de capital riesgo: Inversiva ↗
Valencia Plaza
2026-07-14
2026-06-29 La firma de cosmética Lico, participada por el fondo BeWater, busca comprador ↗
El Economista
2026-06-29
2026-02-24 Bewater Funds launches the group's first private markets fund of funds, 'Indexa mercados privados 2026 FCR' ↗
Capital-Riesgo.es (EN)
2026-02-24
2025-12-23 Bewater Funds invests in PoolComet ↗
Capital-Riesgo.es (EN)
2025-12-23
2025-05-12 Ramón Blanco: "España no está preparada para la inversión sofisticada y vamos a perder el tren de la inteligencia artificial" ↗
El Diario de Madrid
2025-05-12
2025-03-17 Bewater Funds invierte en Okify ↗
Capital-Riesgo.es (EN)
2025-03-17
2024-09-13 Bewater Funds invierte en Reskyt ↗
Capital-Riesgo.es (EN)
2024-09-13
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