Bullnet Capital

Established in 2001, Bullnet Capital is a Madrid-based independent venture capital firm specializing in early-stage investments in technology-oriented projects across Spain. It focuses on software, hardware, and high-value-added services, typically investing between €1 million to €2.5 million per company.

Carmen Arenzana

Financial Director

Jorge Fernández

Investment Associate

Miguel del Cañizo

Founding Partner and Board Member

Past deals in Madrid

Wooptix

Series C in 2025
Founded in Madrid, Spain in 2014, Wooptix develops innovative imaging technologies. The company specializes in creating three-dimensional modulation of images for enhanced volumetric photography and videography, enabling advanced image post-processing.

Wooptix

Series B in 2023
Founded in Madrid, Spain in 2014, Wooptix develops innovative imaging technologies. The company specializes in creating three-dimensional modulation of images for enhanced volumetric photography and videography, enabling advanced image post-processing.

2EyesVision

Series A in 2023
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Series A in 2022
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Funding Round in 2022
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

KDPOF

Series C in 2021
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

2EyesVision

Venture Round in 2020
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

2EyesVision

Venture Round in 2017
2Eyes Vision S.L, founded in 2015 and based in Madrid, Spain, specializes in developing and commercializing advanced technologies for visual diagnostics and corrections. The company emerged as a spin-off from CSIC and focuses on creating innovative solutions for presbyopia and cataract surgery. Its flagship product, SimVis Gekko, is a portable and adjustable visual simulator that allows patients to experience real-world vision prior to undergoing surgery. This device, which is FDA-cleared and CE-marked, assists ophthalmologists in selecting the most suitable intraocular lens for each patient, ultimately enhancing patient satisfaction and minimizing potential side effects. With the growing prevalence of presbyopia and cataracts, affecting over 2 billion people globally, 2Eyes Vision aims to address the challenges faced by both patients and clinicians in the ophthalmology field.

Wooptix

Series A in 2016
Founded in Madrid, Spain in 2014, Wooptix develops innovative imaging technologies. The company specializes in creating three-dimensional modulation of images for enhanced volumetric photography and videography, enabling advanced image post-processing.

KDPOF

Series B in 2014
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

KDPOF

Venture Round in 2012
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

KDPOF

Venture Round in 2011
KDPOF is a Spanish technology company based in Madrid, specializing in high-capacity communication solutions using Large Core Plastic Optical Fiber (POF). The company focuses on developing advanced technologies that encompass everything from system definition to the design of digital integrated circuits. KDPOF's innovative POF communication technology integrates elements from modern digital communications and information theory, resulting in an efficient and adaptable system capable of operating across a wide range of optoelectronics. Its products are designed to meet the demands of various sectors, including home and small office networks, automotive, and industrial applications, by providing optical gigabit connectivity with features such as galvanic isolation, low weight, and cost-effectiveness.

Netspira Networks

Venture Round in 2002
Netspira Networks develops software tools and applications for the management of added-value services in the data networks of mobile telephone operators. Founded in 2001, it is based in Madrid, Spain.
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