Sherpa raises €16M for its privacy-focused AI platform
What's the deal? Spanish deep-tech company Sherpa has raised €16 million (roughly $18.3 million) in an early-stage round to expand its enterprise AI platform. Forgepoint, Mundi VenturesDealroom has a profile for this one. Try Dealroom →, EkarpenDealroom has a profile for this one. Try Dealroom →, Allegra Holdings, SETT, and the state-backed Sociedad Estatal para la Transformación Tecnológica took part.
What does Sherpa do? It builds an AI platform for enterprises and institutions centred on privacy and security. The new capital will fund deployment of that technology and support international expansion.
Why now? The round delivers on a plan set in 2021, when Sherpa raised $8.5 million framed as a bridge to a larger B-round of €16 million to €25 million. Forgepoint's entry alongside repeat backers Mundi Ventures and Ekarpen signals continued investor conviction.
By the numbers: Among all-time early-stage VC rounds for AI companies in Spain, this ranks in the top 1% by size across a sample of 160 deals. That makes Sherpa one of the more heavily backed local AI infrastructure plays.
The signal: With institutional and public-sector participation through Spain's "digital Sepi," the raise positions Sherpa as a reference case for state-aligned investment in strategic AI capabilities — and reflects growing European demand for secure, regulation-compliant AI infrastructure.
Read more: cincodias.elpais.com
