Fund profile / Spain

Plug & Play and EA Ventures Fund I

Geography: Spain
Stage: Seed
Fund size: $20M
Focus: AI/ML, Climate & Sustainability, E-Commerce and Mobility & Transport
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionSpain

Funding StageSeed

Industry Focus

AI/ML

Climate & Sustainability

E-Commerce

Mobility & Transport

SaaS

Investor Signals Profile

active

Sweet Spot

Early-stage European founder in AI, fintech, or advanced manufacturing

fintech

enterprise SaaS

sustainability

mobility

advanced manufacturing

robotics

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

#1 exits globally, #2 Europe exits Q2 2026PitchBook

#5 seed/angel, #6 early-stage deal activityPitchBook

#5 software sector activity, strong software focusPitchBook

PNP Türkiye expanding via Silicon Valley Summit accessLinkedIn

4000+ attendees annually at Summit for dealflowLinkedIn

PNP Cedar Park: 3-year renewal, advanced manufacturing focusLinkedIn

Robotics & microelectronics emerging expansion pillarsLinkedIn

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, fintech, or deeptech

Founder Don'ts

Avoid late-stage asks

Don't pitch without global vision

No non-tech verticals

23 signals on Plug & Play and EA Ventures Fund I

11 bullish · 2 contrarian · 5 pitch do's · 3 don'ts · 2 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$20M

Saves0

Website

People

Key People

Borja Aznar, Erik Aubakirov, Luis Llorens Gonzalez

Yerik AubakirovCEO, EA Group Holding

Seena AmidiManaging Partner EMEA, Plug and Play

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