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Viriditas Ventures is a venture capital firm established in 2000 in Barcelona, Spain. The firm focuses on early-stage projects that exhibit a high degree of innovation in their value propositions. Over its 25+ years of operation, Viriditas has built a reputation as one of the older tech VCs in Spain, actively participating in the European startup ecosystem.
The firm operates with a dual investment model, engaging in both direct investments and acting as a Limited Partner (LP) in notable entrepreneurial funds. This approach allows Viriditas to maintain diversified exposure while fostering strong connections within the startup community. The firm has made over 30 investments, primarily in sectors such as ecommerce, fintech, foodtech, proptech, and gaming.
Viriditas Ventures targets early-stage projects, specifically in the pre-seed, seed, and pre-Series A phases. The firm has a strong preference for European startups and invests in various business models, including B2B, B2C, and B2B2C. Notably, Viriditas does not lead investment rounds; instead, it requires the presence of a co-investor to take the lead on projects. This co-investment model is a mandatory condition for their participation.
The firm typically invests between $1 million and $5 million per project, focusing on startups that are generally 2-3 years old. Their investment strategy emphasizes innovative digital projects, and they have shown particular strength in sectors like real estate and finance. Viriditas Ventures also maintains LP positions in several prominent funds, including Atomico and Kfund, enhancing their access to deal flow and investment opportunities.
Viriditas Ventures has a diverse portfolio of over 30 investments, showcasing their commitment to early-stage innovation. Some notable direct investments include:
In addition to direct investments, Viriditas holds LP positions in several prominent funds, including Kfund, Acurio, Cocoa, Bewater, Junipero, and Seedrocket, which further solidifies their presence in the European startup ecosystem.
Ángel Asín - Co-Founder. Ángel has extensive experience in venture capital and entrepreneurship, having co-founded Viriditas Ventures in 2000. His background includes investments in various sectors, particularly in technology and innovation.
Yago Arbeloa - Co-Founder. Yago brings a wealth of knowledge in early-stage investing and has been instrumental in shaping the firm’s investment strategy since its inception.
Yago Perrin - Co-Founder. Yago has a strong background in finance and entrepreneurship, contributing to the firm’s focus on innovative projects.
Ángel Hernando - Investment Team. Ángel specializes in sourcing and evaluating investment opportunities, focusing on sectors such as fintech and ecommerce.
Álvaro Gutiérrez - Investment Team. Álvaro has experience in venture capital and works closely with portfolio companies to drive growth and innovation.
Julián Mazoteras - Investment Team. Julián focuses on early-stage investments and has a keen interest in technology-driven startups.
Jacobo Álvarez - Legal. Jacobo oversees legal matters related to investments and ensures compliance with regulations.
To pitch Viriditas Ventures, founders should use the contact form available on their website. It is important to include a comprehensive pitch deck that outlines the startup's business model, market opportunity, and team qualifications. The firm typically responds to inquiries, but response times may vary based on deal flow and internal processes.
Warm introductions are preferred, especially from co-investors or other trusted sources within the startup ecosystem. Founders should ensure that their pitch highlights the innovative aspects of their project, as this aligns with Viriditas Ventures' investment thesis.
In 2023, Viriditas Ventures continued to expand its portfolio, making several investments in innovative startups across Europe. The firm has been actively involved in the fintech and foodtech sectors, reflecting its investment focus.
In early 2023, Viriditas Ventures announced a new investment in Heepsy, an influencer marketing platform, further solidifying its commitment to supporting digital innovation. Additionally, the firm has been recognized in various media outlets, including El Referente, for its contributions to the Spanish startup ecosystem.
What are the investment criteria for Viriditas Ventures?
Viriditas Ventures focuses on early-stage projects in the pre-seed, seed, and pre-Series A phases. They prefer innovative startups in sectors such as ecommerce, fintech, foodtech, proptech, and gaming. The firm requires a co-investor to lead the investment round.
How can I pitch my startup to Viriditas Ventures?
Founders can submit their projects through the contact form available on the Viriditas Ventures website. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Viriditas Ventures different from other VCs?
Viriditas Ventures operates on a co-investment model, meaning they do not lead rounds but instead partner with other investors. This approach allows them to maintain lower overhead costs while benefiting from the expertise and networks of lead investors.
What is the typical check size for investments?
The firm typically invests between $1 million and $5 million in each project, which is significant for the Spanish pre-seed and seed market.
What is the geographic focus of Viriditas Ventures?
Viriditas Ventures primarily invests in European startups, emphasizing their commitment to the local entrepreneurial ecosystem.
What kind of post-investment support does Viriditas Ventures provide?
While specific details on post-investment involvement are not disclosed, the firm’s extensive network and LP relationships suggest they can offer valuable connections and resources to their portfolio companies.
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