Plug & Play and EA Ventures Fund I

About Plug & Play and EA Ventures Fund I

Plug & Play and EA Ventures Fund I is a venture capital firm based in Spain, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, E-Commerce, Mobility Transport, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionSpain

Funding StageSeed

Industry Focus

Ai Ml

Climate Sustainability

Ecommerce

Mobility Transport

Saas

Investor Signals Profile

active

Sweet Spot

Early-stage European founder in AI, fintech, or sustainability

fintech

enterprise SaaS

sustainability

mobility

Bullish Signals

€20M fund, 30–35 startups targetedexternal

Plug and Play network: Dropbox, PayPal, N26external

Launched March 2025, Madrid-basedexternal

Tickets €200K–€500K, seed stageexternal

Contrarian Signals

Kazakhstan-backed fund, Spain-focusedexternal

Small €20M fund, limited follow-onexternal

Founder Do's

Show global growth ambition

Build in Spain/Europe

Leverage corporate partnerships

Operate at seed stage

Focus on AI or fintech

Founder Don'ts

Avoid late-stage asks

Don't pitch without global vision

No non-tech verticals

Key GPs & Partners

Yerik Aubakirov

CEO, EA Group Holding

global connectivityagile capitalstrategic

Seena Amidi

Managing Partner EMEA, Plug and Play

network-drivencorporate innovationglobal reach

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Fund Overview

Fund Size$20M

Saves0

Website

Key People

Borja Aznar, Erik Aubakirov, Luis Llorens Gonzalez

Yerik AubakirovCEO, EA Group Holding

Seena AmidiManaging Partner EMEA, Plug and Play