Barcelona's Masia closes €18 million debut fund and opens a founder hub

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Masia, a Barcelona venture firm founded in 2025 by Carlos Trenchs and Pepe Borrell, has closed its debut fund at €18 million for early-stage AI and frontier tech start-ups tied to the city. It has already backed 45 companies.

About 65% came from some 70 founders and angels; Spain's SETT added €6 million and Barcelona city council €1 million. Cheques of €200,000 to €300,000 come with no lead role and no board seat. "We are closer to the figure of the business angel than the fund," Trenchs said.

Masia also opened Masia House, a four-floor former factory in Gràcia with offices, coworking and rooms for visiting investors.