Seed Capital Bizkaia

Seed Capital Bizkaia is a venture capital firm established in 1989 and located in Bilbao, Spain. It operates under the auspices of the Biscay Regional Council's Department of Economic Development and Innovation. The firm is dedicated to investing in a diverse range of sectors, excluding finance, real estate, and marketing. Its primary objective is to support and promote entrepreneurial initiatives within the region, contributing to the economic development of Biscay through strategic investments. By focusing on innovative ventures, Seed Capital Bizkaia aims to foster growth and sustainability in the local economy.

Susana Celaya

Director

Oscar Ugarte

Managing Director

30 past transactions

Emica Solar

Seed Round in 2025
Emica Solar specializes in manufacturing and installing floating solar energy systems. Their products, primarily solar panels and associated equipment, are designed to be placed on water bodies, harnessing solar power while conserving land space. This approach enables clients to access affordable, renewable energy sources and lower their energy costs.

Begas Motor

Venture Round in 2025
Begas Motor, S.L., founded in 2015 and located in Loeches, Spain, specializes in the design and manufacture of alternative fuel engines and related technologies. The company is recognized for creating the first engine for industrial vehicles that operates entirely on liquefied petroleum gas (LPG), also known as AUTOGAS. In addition to engines, Begas Motor develops engine control electronics, communication buses, and diagnostic systems specifically tailored for LPG systems. The firm is committed to enhancing vehicle ecology by offering remotorization solutions that comply with Euro VI emissions standards.

coometes

Debt Financing in 2024
coometes offer social institutions a comprehensive solution for managing food aid and basic necessities for vulnerable persons.

Seenapse

Pre Seed Round in 2024
Seenapse is an AI-powered SaaS platform designed for brainstorming and ideation. It surpasses other AI tools like ChatGPT in generating original ideas, making it highly effective for marketers, innovators, and advertisers seeking creative solutions.

Mikrobiomik

Venture Round in 2023
Mikrobiomik is a biopharmaceutical company focused on the research, development, production, and commercialization of medicines derived from the human microbiome. The company aims to create a new class of biologic drugs based on microbiome science to treat life-threatening conditions with limited or no effective therapies. Its microbiome-based biologic medicine targets both initial episodes and recurrences of Clostridium difficile infection, delivered as a single-dose formulation using full-spectrum and purified intestinal microbiota technology.

CLCircular

Seed Round in 2023
CLCircular is a digital company that provides real-time monitoring of logistics by leveraging big data, smart tags, and IoT devices, and offers software for renting Internet of Things sensors to prevent losses and digitally optimize supply chains. Its blockchain-based clouds enable correlation of sensor data with stored records in an agile and simple way, featuring real-time monitoring and smart labeling to help clients reduce losses and improve supply chain operations.

Fisify

Seed Round in 2023
Fisify is a pioneering company that has developed a digital physiotherapy platform aimed at enhancing the quality of treatment and improving recovery rates for patients. Utilizing artificial intelligence, Fisify's virtual physiotherapist monitors patients in real time, providing personalized exercise programs tailored to their specific needs. This innovative approach allows health insurance companies, hospitals, and physiotherapy centers to support patients from the initial injury through to complete recovery, facilitating a more efficient rehabilitation process. By leveraging technology, Fisify strives to optimize the injury recovery journey, ultimately leading to faster and more effective patient outcomes.

Zetrack

Seed Round in 2023
Zetrack is an agritechnology company. IoT technologies and new battery features enable the energy and ecological transition to agriculture 4.0.

H2SITE

Series A in 2022
H2SITE develops on-site hydrogen production technology that enables compact systems for generating hydrogen at customer sites. The technology supports low-carbon hydrogen production and integrates production, transportation, and storage, making hydrogen transport more viable and helping unlock hydrogen markets. The company aims to help businesses reduce transportation costs and energy waste by providing efficient, on-site hydrogen solutions.

Barbara

Seed Round in 2022
Barbara IoT S.L. is a Madrid-based company that specializes in developing software for Internet of Things (IoT) devices. Founded in 2016, the company provides solutions that integrate data into various cloud systems, including big data platforms, enterprise resource planning, and customer relationship management systems. Additionally, Barbara offers security and unified device access interface services. The company operates an Edge AI platform designed to facilitate the deployment of artificial intelligence in distributed environments, particularly for energy distributors, infrastructure operators, and industrial manufacturers. By leveraging advancements in hardware processing power and machine learning models, Barbara's solutions enable organizations to enhance their equipment with intelligence, ensuring privacy, autonomy, and real-time capabilities that cloud solutions cannot provide.

Open Cloud Factory

Venture Round in 2021
Open Cloud Factory specializes in technological solutions that enhance internal business processes and expand operations. Its flagship products include openNAC and Viapps, deployed globally across various sectors like finance, corporations, institutions, hospitals, and universities to improve network security and management.

APLANET

Seed Round in 2021
APLANET provides a platform for organizations to manage, track, and showcase their Environmental, Social, and Governance (ESG) and sustainability initiatives. It automates data collection, aggregates information across the organization or portfolio, and facilitates stakeholder communication.

ZUMA

Venture Round in 2021
ZUMA is an innovative company dedicated to the development of high-end mechatronic systems for the bicycle industry. With a strong foundation in research and industrial experience, the company focuses on addressing market-level challenges by enhancing bicycles with advanced features and capabilities. As the bicycle market shifts from purely mechanical models to integrated mechatronic systems, ZUMA aims to elevate the potential of bicycles for both leisure and transportation. The company specializes in the design and manufacture of reliable electronic chainring shifters that enable sequential operation and offer a wider range of transmissions with smaller jumps. Additionally, ZUMA produces a lightweight rear MTB cassette that enhances pedaling dynamics for cyclists. The ultimate goal is to establish ZUMA as a leading reference in the industry by offering unique and differentiated products.

Mikrobiomik

Venture Round in 2021
Mikrobiomik is a biopharmaceutical company focused on the research, development, production, and commercialization of medicines derived from the human microbiome. The company aims to create a new class of biologic drugs based on microbiome science to treat life-threatening conditions with limited or no effective therapies. Its microbiome-based biologic medicine targets both initial episodes and recurrences of Clostridium difficile infection, delivered as a single-dose formulation using full-spectrum and purified intestinal microbiota technology.

Hawk Biosystems

Seed Round in 2021
Hawk Biosystems is a developer of a companion diagnostics platform that focuses on enhancing cancer diagnostics and precision medicine. The company's technology is designed to measure drug target function and disclose post-translational modifications and protein-protein interactions in pathology samples. By quantifying these interactions in single-cell and fixed tissue samples, Hawk Biosystems preserves the morphological integrity and cellular heterogeneity of the tissue. This capability allows medical practitioners and pharmaceutical companies to make informed treatment decisions for cancer, inflammation, and immune disorders. The platform aims to improve patient outcomes by ensuring that therapies are accurately targeted to those most likely to benefit, ultimately enhancing the quality of life for patients while also reducing overall drug costs.

Barbara

Seed Round in 2021
Barbara IoT S.L. is a Madrid-based company that specializes in developing software for Internet of Things (IoT) devices. Founded in 2016, the company provides solutions that integrate data into various cloud systems, including big data platforms, enterprise resource planning, and customer relationship management systems. Additionally, Barbara offers security and unified device access interface services. The company operates an Edge AI platform designed to facilitate the deployment of artificial intelligence in distributed environments, particularly for energy distributors, infrastructure operators, and industrial manufacturers. By leveraging advancements in hardware processing power and machine learning models, Barbara's solutions enable organizations to enhance their equipment with intelligence, ensuring privacy, autonomy, and real-time capabilities that cloud solutions cannot provide.

Innitius

Seed Round in 2020
Innitius specializes in developing diagnostic devices aimed at enhancing women's health, particularly in the context of preterm birth. Utilizing innovative torsional ultrasound technology, the company has created a patented intravaginal probe that transmits torsional waves to assess changes in tissue consistency. This technology enables medical practitioners to evaluate the risk of preterm birth and the likelihood of successful labor induction. By providing actionable diagnostics, Innitius helps healthcare providers accurately identify false indications of premature labor, thereby improving patient care and outcomes in obstetrics.

Begas Motor

Private Equity Round in 2019
Begas Motor, S.L., founded in 2015 and located in Loeches, Spain, specializes in the design and manufacture of alternative fuel engines and related technologies. The company is recognized for creating the first engine for industrial vehicles that operates entirely on liquefied petroleum gas (LPG), also known as AUTOGAS. In addition to engines, Begas Motor develops engine control electronics, communication buses, and diagnostic systems specifically tailored for LPG systems. The firm is committed to enhancing vehicle ecology by offering remotorization solutions that comply with Euro VI emissions standards.

Smartbrand

Seed Round in 2017
Smartbrand is a digital marketing agency that enhances brand presence and engagement through tailored strategies across social media management, search engine optimization, content creation, and digital advertising. By combining strategy, creativity, design, and technology, it helps brands establish meaningful connections with audiences and achieve sustainable growth. The company emphasizes direct collaboration with specialists rather than traditional sales or account management, enabling close, multilingual engagement across multiple channels. Smartbrand serves a diverse client base including eBay Classifieds Group, Banco Sabadell, De Agostini, Jané and Almirall.

Hunters of Magic

Seed Round in 2017
White Spell is a MMOG (Massively Multiplayer Online Game) that combines 2 styles RTS (Real Time Strategy) and RPG (Role Playing Game).

Koiki

Venture Round in 2017
Koiki is a mobile‑app‑based home delivery platform that allows customers to schedule parcel pick‑ups and deliveries at times of their choosing. The service crowdsources local messengers, giving priority to people with intellectual or physical disabilities and members of minority communities, thereby creating employment opportunities in vulnerable groups. Messengers operate on foot, bicycles or electric bikes, which reduces the carbon footprint compared to conventional courier services. Koiki’s system uses open‑source geographic data and environmental information to optimise routes and inform users about air quality. By combining flexible scheduling, local employment, and low‑impact transport, the company positions itself as a disruptive, sustainable player in the sharing‑economy logistics market.

SATLANTIS

Series A in 2016
SATLANTIS is a company specializing in the design and manufacture of high-performance Earth observation payloads for small satellites, operating from both Spain and Florida. It focuses on developing advanced microsatellite technology, including its flagship product, the Integrated Standard Imager for Earth Observation Microsatellites (iSIM). This optical imaging system is tailored for microsatellites weighing between 20 to 75 kilograms, delivering exceptional performance and flexibility at a reduced cost compared to traditional Earth observation instruments. SATLANTIS aims to foster collaboration among universities, industries, and government agencies to enhance the utilization of microsatellite constellations for scientific and commercial purposes. The company is also forming partnerships in the U.S. and Europe to establish the necessary infrastructure for the manufacture, integration, launch, and operation of standardized microsatellites, while leveraging AI-enabled payloads to enhance remote sensing capabilities and provide clients with high-resolution Earth observation services.

Histocell

Venture Round in 2016
Founded in 2004, Histocell develops, manufactures, and markets cell therapy drugs and medical devices for regenerative medicine. It operates a GMP-certified manufacturing facility and offers third-party services.

Boletus Network

Seed Round in 2016
Boletus Network, SL is a company based in Bilbao, Spain, that specializes in developing a location-based mobile application for iPhone and Android devices. Launched in 2012, the application enables users to view real-time offers and advantages from nearby stores and hotels. This innovative platform enhances the shopping experience by allowing users to access promotions directly at the point of purchase, facilitating immediate engagement with local businesses.

StemTek Therapeutics

Seed Round in 2016
StemTek Therapeutics is a biopharmaceutical company dedicated to the research and development of innovative cancer treatments. Established in 2013 and based in Derio, Spain, the company specializes in developing drugs targeting cancer stem cells. It offers a range of research services, including the profiling of compounds for their effects on cancer stem cell populations through advanced 3D culture models. Additionally, StemTek provides functional high-throughput screening, in vitro and in vivo functional screening, and custom services, which encompass various stages of drug development from initial screening to lead optimization and efficacy studies. The company employs cutting-edge technology and scientific expertise to accelerate drug discovery and enhance therapeutic options for cancer treatment.

Hermeneus

Venture Round in 2013
Hermeneus World, S.L. operates an online marketplace tailored for food professionals, facilitating direct purchases without any commission fees. Founded in 2011 and based in Basauri, Spain, the platform enables food professionals to conduct transactions for a monthly fee of 25 euros. Users can connect with a community of 10,000 buyers, who can access the marketplace at no cost. Hermeneus World promotes direct sales of food products to both individuals and professionals within the Horeca sector, offering competitive prices directly from producers.

citiservi

Seed Round in 2011
Citiservi is a local advertising platform that provides users with contact information for nearby businesses and facilitates the estimation of quotes for various services and products. The company aims to modernize the traditional yellow pages model by offering a suite of vertical online directories tailored to specific sectors. These include CasaHogar, which focuses on home services; tenders.es for home repair services; SuNegocio for B2B services; OigaDoctor for healthcare services; Conductordeprimera for motor services; and iBodas for wedding-related services. By centralizing access to information and service estimates, Citiservi enhances the local advertising landscape and connects consumers with the services they need.

B-kin

Venture Round in 2007
B-kin is a company that specializes in providing on-demand tools and services aimed at enhancing the sales and marketing processes for its clients. It offers an integrated approach to digital marketing and sales, facilitating the execution and management of multi-channel campaigns, including email, SMS, fax, and online advertising. B-kin's services encompass landing page and registration form management, as well as comprehensive lead life-cycle management, which includes lead generation, segmentation, nurturing, and scoring. Additionally, the company supports sales cycle and agenda management, allowing marketing professionals to concentrate on key areas of segmentation and communication essential to their roles.

Oberon Space

Seed Round in 2007
Oberon Space S.L.L provides comprehensive software and hardware engineering services tailored for the aerospace sector. The company specializes in systems design and analysis, modeling of space effects and environments, flight dynamics, and mission analysis. It develops guidance, navigation, and control simulators, along with attitude control systems, control moment gyroscopes, and laser communications solutions. Additionally, Oberon Space engages in the design and development of simulators, printed circuit boards (PCBs), electronic circuits, unmanned aerial vehicles (UAVs), and inertial navigation systems. With a focus on the space, defense, science, and telecommunications industries, Oberon Space is headquartered in Zamudio, Spain.

Vacunek

Seed Round in 2007
Vacunek is a biotechnology company dedicated to advancing animal health through the application of innovative technologies in biosciences. It specializes in research areas such as immunology, molecular biology, genomics, and proteomics. The company develops biotechnology products aimed at enhancing biological immunity against animal mycobacteriosis in both livestock and wildlife. Vacunek's solutions enable farmers to detect and treat various bacterial diseases affecting animals, thereby improving overall animal health and productivity.
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