BBVA Ventures is out of business. It is a venture capital arm of Banco Bilbao Vizcaya Argentaria, S.A. specializing in direct and fund of funds investments. For direct investments, it specializes in investments in start-up, early stage, and expansion stage companies. For fund of funds investments, it seeks to invest in venture capital funds. The firm typically invests in incubators and companies in the financial services sector with a focus on financial services software, financial technologies like mobile payment or alternative lending, as well as some adjacent areas, such as big data or ecommerce. It typically invests in new products and services with a focus on innovative products and services delivered to customers or used to better serve customers including lenders and service providers, crowd funding, asset management, payments, and financial inclusion. Within channels it focuses on accessing and leveraging tools to deliver or faciltate financial services while providing transparency including digital marketing and analytics platforms and services and digital channels. Within Infrastructure it focuses on systems and platforms to support the digitalization of financial services including bank as a services, security, and big data companies. It does not limit its geographic preference, yet focuses on investments in Spain, México, Latin America, United States, Turkey, and China. It typically invests $0.5 million in the companies. The firm also seeks co-investment opportunities in syndicates with traditional venture capital firms where it can add strategic value. BBVA Ventures was founded in January 2013 and is based in San Francisco, California with an additional office in Madrid, Spain.