The Basque Government

What they do

Founded in 1985 by the Basque Government through the SPRI Group, Gestión de Capital Riesgo del País Vasco is one of the oldest venture capital management companies in Spain. It operates as a public-private partnership, with the Basque Government holding the majority stake. The firm's primary mission is to dynamize the Basque industrial fabric by taking temporary equity stakes in local enterprises. They provide capital and strategic management support to ensure the long-term competitiveness of Basque companies.

What they look for

The firm seeks to accelerate the growth of Basque companies by acting as a strategic and temporary partner. Their investment strategy is strictly aligned with the Basque Government's Smart Specialisation Strategy (RIS3 Euskadi 2030), prioritizing projects with a high innovative component, advanced manufacturing, and biosciences. They explicitly require companies to have their registered and tax domicile in the Basque Country, a competent management team, and a long-term business project with clear growth capacity.

Stage

Seed, Pre-seed, Series A, Series B+

Sectors

Deeptech, Healthcare, Climate, Food and agriculture, SaaS

Based

Bilbao, ES