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 artificial intelligence-based platform designed to enhance brainstorming and ideation processes. It excels in generating divergent ideas rapidly, leveraging a unique combination of human lateral thinking and the speed of AI. This innovative SaaS solution is utilized by marketers, innovators, and advertisers, regardless of their size, to produce hundreds of original ideas in a matter of minutes. Seenapse stands out for its ability to foster creativity, outperforming other AI tools in terms of originality, making it an essential resource for professionals in the creative industries and innovation sectors.

Mikrobiomik

Venture Round in 2023
Mikrobiomik is a biopharmaceutical company focused on the research and development of innovative medicines derived from the human microbiome. The company specializes in creating a new class of biologic drugs aimed at treating life-threatening conditions that currently lack effective therapies. Mikrobiomik's flagship product addresses both the initial episode and recurrence of Clostridium difficile infection through the administration of four capsules utilizing its proprietary Full Spectrum & Purified Intestinal Microbiota (FSPIM) technology in a single dose. Through its microbiota-based biologic medicines, Mikrobiomik aims to provide effective therapeutic options for patients suffering from serious gastrointestinal infections.

CLCircular

Seed Round in 2023
CLCircular is a digital technology company that specializes in real-time logistics monitoring through the integration of Big Data, smart tags, and Internet of Things (IoT) devices. The company develops software solutions that facilitate the rental of IoT sensors, aiming to minimize losses and enhance the digitalization of supply chains in a cost-effective manner. Its blockchain-based cloud platform enables users to seamlessly correlate data from these sensors with existing information, providing agile access to real-time monitoring and smart labeling features. This innovative approach allows clients to optimize their supply chain operations and improve overall efficiency.

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 is a company specializing in renewable technology for on-site hydrogen production. Their systems and membranes are designed for high-efficiency and purity hydrogen generation, suitable for applications such as separation processes or ammonia cracking. The company's compact technology facilitates the production, transportation, and storage of hydrogen, making it viable to transport and unlocking global hydrogen markets. This approach helps businesses reduce costs associated with transportation and minimize energy waste.

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 developing network virtualization and security software that simplifies and enhances internal processes for businesses. Their solutions, including openNAC and Viapps, are designed for deployment in both cloud and on-premises environments, providing companies with essential visibility and control over their network infrastructure. These technologies cater to a diverse clientele, including global financial entities, large corporations, institutions, hospitals, and universities, helping them manage their connected assets and mitigate risks associated with emerging threats. By leveraging open-source systems, Open Cloud Factory enables organizations to improve digital security features while streamlining operations.

APLANET

Seed Round in 2021
APLANET is a developer of a cloud-based platform that enables organizations to effectively manage, track, and showcase their Environmental, Social, and Governance (ESG) initiatives. By automating the data collection process and aggregating information across various departments or client portfolios, APLANET simplifies the challenges associated with ESG reporting. The platform offers subscription-based pricing modules and a range of tools focused on community, sustainability, entity, and materiality, allowing organizations to measure and analyze their societal impact. This comprehensive approach empowers businesses to make informed decisions that enhance stakeholder value while promoting meaningful change in a cost-effective manner.

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 and development of innovative medicines derived from the human microbiome. The company specializes in creating a new class of biologic drugs aimed at treating life-threatening conditions that currently lack effective therapies. Mikrobiomik's flagship product addresses both the initial episode and recurrence of Clostridium difficile infection through the administration of four capsules utilizing its proprietary Full Spectrum & Purified Intestinal Microbiota (FSPIM) technology in a single dose. Through its microbiota-based biologic medicines, Mikrobiomik aims to provide effective therapeutic options for patients suffering from serious gastrointestinal infections.

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, S.L. is a digital marketing agency based in Barcelona, Spain, specializing in creating impactful online experiences for businesses. Established in 2010, the agency offers a comprehensive range of services including research, strategy development, social media management, web design, digital acquisition, and content creation. Smartbrand employs a strategic approach to marketing, utilizing qualitative and quantitative analysis, user journey mapping, and brand positioning to achieve client objectives. The agency also focuses on internet innovation, providing solutions for e-commerce and user experience. With a small, agile team, Smartbrand is capable of taking on significant challenges while maintaining a commitment to quality and creativity. The company emphasizes values such as honesty and transparency, fostering a culture of effort and enjoyment in the workplace. Smartbrand's client portfolio includes notable names like Planeta Dagostini and Quadis, and it has expanded its presence to Madrid and Bilbao since 2013.

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 home delivery service that transforms parcel pick-up and delivery by allowing consumers to specify the exact times for these services. This innovative approach disrupts traditional delivery models, where companies typically dictate timing. Koiki operates within the sharing economy, utilizing a mobile app to connect consumers with local messengers. The company emphasizes social responsibility by sourcing messengers from local neighborhoods, with a particular focus on providing employment opportunities to individuals from disabled and minority communities. Environmentally conscious, Koiki's messengers use sustainable transportation methods, including walking, biking, or electric vehicles, to minimize carbon emissions. Additionally, Koiki integrates geolocation technology and environmental data to inform users about air quality in their areas, further enhancing its commitment to sustainability and community engagement.

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
Histocell, S.L., established in 2004 and headquartered in Derio, Spain, is a biopharmaceutical company specializing in the development, manufacturing, and marketing of cell therapy drugs and medical devices for regenerative medicine. It operates a 567 square meter facility, including a 65 square meter GMP-certified manufacturing area for cell therapy products, and several laboratories for quality control and research. Histocell's portfolio includes tissue engineering products, dermo-cosmetics, cell therapy medicaments, and novel medical devices. The company's cell therapies are used in clinical trials, focusing on controlling oxidative stress, and it also offers on-GMP cell production services to institutions. Histocell operates under stringent quality standards, with certifications including GMP and ISO 9001/2000.

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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