Kibo Ventures Reaches €80M First Close on Fund Aimed at Early-Stage European Tech
Kibo Ventures has reached a first close of €80m for its latest fund, as it works towards a target size of up to €120m. The Madrid-based early-stage venture capital firm is using the new vehicle to expand its activity across Europe, while continuing to back technology-driven startups from seed through Series A.
Founded in 2012, Kibo has grown from a local player into one of Spain’s more established venture firms, with more than €500m under management and a portfolio exceeding 75 companies.
The new fund has attracted a broad group of backers, including CDTIDealroom has a profile for this one. Try Dealroom →, the European Investment Fund, BBVA SparkDealroom has a profile for this one. Try Dealroom →, and Portugal-based investor José de Mello's family officeDealroom has a profile for this one. Try Dealroom →, combining institutional investors, public entities, corporates and family offices.
The fund will typically invest up to €5m in initial rounds and reserve a significant share of capital for follow-on investments. While Spain remains a core market, Kibo plans to deploy a meaningful portion of the fund in other European ecosystems, including France, Germany and the UK, reflecting its view that high-quality technical teams are increasingly distributed across the region.
Sector-wise, the firm is doubling down on deeptech and data-led businesses, with a focus on areas such as artificial intelligence, cybersecurity, developer tools and industrial technology. Early investments from the fund include startups working on autonomous industrial robotics and AI-based document and data platforms.
Sources:
Forbes
Sifted
Tech Funding News
J.V.
