Kibo Ventures

Spain

Seed

About Kibo Ventures

Spanish VC focused on Europe beyond core hubs. Leads/co-leads Seed and Series A in B2B software, deep tech, AI, cybersecurity, and robotics.

Investment Focus

Location / RegionSpain

Funding StageSeed

Industry Focus

Ai Ml

Cybersecurity

Data Infrastructure

Deep Tech

Enterprise Software

Robotics Automation

Investor Signals Profile

active

Sweet Spot

Technical European founder building deep tech or AI outside major VC hubs at Seed/Series A

deep-tech

applied-AI

pan-European

early-stage

technology-differentiation

Bullish Signals

€80M Fund IV launched with strong first close already securedblog

Actively deploying into Southern and Central Europe with early-stage convictionblog

Deep tech and AI remain core focus with expanding European pipelineblog

€500M+ AuM across 6 funds since 2012website

81 portfolio cos; 22 exits incl. Nasdaq IPOwebsite

Exits to Apple, Airbnb, Crowdstrike, PayPalwebsite

Repeat founders — Pedro Castillo backed across 2 companieswebsite

25-person team; 14 years operator-ledwebsite

10+ year active board role — Job&Talent founder confirmswebsite

First institutional investor for multiple now-scaled coswebsite

PATH framework: Passion, Ambition, Trust, Helpwebsite

Flywire, CoverWallet, Devo founders all endorse publiclywebsite

Mitiga founder: 'partnering with best Spanish fund'website

Mission: empower European founders to tackle major technology challengesfresh_website

Global network of founders, tier-1 co-investors, leading corporatesfresh_website

Purpose-driven: access global markets, customers, partners beyond local reachfresh_website

Vilynx, Cala, CoverWallet founders affirm founder-friendly culturefresh_scrape

Pedro Castillo: 'great support in good AND difficult times'fresh_scrape

Juan Urdiales: Kibo active 10+ yrs from startup to scale-upfresh_scrape

Contrarian Signals

Rejects narrative-led fundraising; technical depth is non-negotiableblog

Not chasing hype sectors — thesis discipline over trend-followingblog

Dual VC + PE strategy — unusual for early-stage firmwebsite

Backs founders pre-scale AND through scale-up — rare continuitywebsite

Supports in 'difficult times' — not just upside partnerwebsite

Market consolidation play via Kibo Nzyme PE arm for differentiationfresh_website

Founder Do's

Highlight capital efficiency and low burn rate as a feature, not a limitation

Emphasize technical depth and defensible IP over narrative-driven storytelling

Show pan-European ambition and scalability from the start

Lean into your non-obvious geography as a talent and cost advantage

Reach out early — Kibo backs pre-consensus stories before metrics look obvious

Founder Don'ts

Don't pitch consumer or non-technical hype-driven business models

Don't assume proximity to a major hub is required — Kibo actively sources outside them

Don't come without technical differentiation or defensible product depth

Key GPs & Partners

Kibo Ventures Team

General Partner

thesis-drivencontrarianpatient-capital

Aquilino

Partner

founder-friendlylong-term-partneroperator-investor

Sonia Fernández

Partner

founder-friendlyhands-onsupport-through-crisis

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Fund Overview

Fund Size€80M

Saves0

Website

Key People

Aquilino Peña, Javier Torremocha

Kibo Ventures TeamGeneral Partner

AquilinoPartner

Sonia FernándezPartner

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BV Healthcare Growth Innvierte I.

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Series A

Digital Health, Saas

Fund Manager:Nuria Osés

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Digital Health

Saas

Abac Nest II

€21M

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Pre Seed

Fintech, Ai Ml, Digital Health, Consumer Commerce

Fund Manager:Joan Pina Ollé, Oriol Pinya

Pre Seed

Fintech

Ai Ml

Digital Health

Consumer Commerce