Fund profile / Spain

Kibo Ventures

Geography
Spain
Stage
Seed
Fund size
€80M
Focus
AI/ML, Cybersecurity, Data Infrastructure and Deep Tech
Signals
Published
Share
N°01 / About

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.

N°02 / Thesis

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 challengeswebsite
Global network of founders, tier-1 co-investors, leading corporateswebsite
Purpose-driven: access global markets, customers, partners beyond local reachwebsite
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
Elisenda Bou-Balust (Vilynx, Cala): extended family endorsementfresh_scrape
Alex Martí (Mitiga): 'positive impact from day 1'fresh_scrape
Iker Marcaide (Flywire): entrepreneur-friendly investor role modelsfresh_scrape
Founded 2012 with mission: empower European founders globallyfresh_website
Multi-strategy VC + PE platform staying true to principlesfresh_website
Hands-on support in strategy, talent, growth — long-term partnershipfresh_website

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 differentiationwebsite
Entrepreneurial spirit differentiator: technology as core lever, not afterthoughtfresh_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

43 signals on Kibo Ventures

25 bullish · 7 contrarian · 5 pitch do's · 3 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

Facts

Fund Overview

Fund Size€80M
Saves0
People

Key People

Aquilino Peña, Javier Torremocha

Kibo Ventures TeamGeneral Partner
AquilinoPartner
Sonia FernándezPartner
N°04 / See also

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