Kibo Ventures funding has quietly become one of the most reliable stamps of quality in European early-stage tech. Founded in 2012 in Madrid, with a Barcelona office, Kibo Ventures describes itself as a "European technology investment platform" running venture capital and private equity (Kibo Nzyme) with a 25-strong team. Its venture arm leads or co-leads pre-Series A and Series A rounds in B2B deep tech, AI and cybersecurity, and its fourth venture fund, Kibo Ventures Fund IV, targets €120M.
Thesis & focus
The mandate: lead or co-lead pre-Series A/Series A rounds, €2–6M initial cheques, 10–20% ownership, with a "B2B focus with a bias for Deep Tech, AI, and Cybersecurity". Fund IV backs founders from seed to Series A in deep tech, data, AI infrastructure, cybersecurity, robotics and physical AI, and vertical applications — including defence and space. The approach is hands-on and founder-first "patient capital": the firm claims a greater-than-45x return on Flywire, and its mission is to "empower European founders to tackle major technology challenges and scale globally".
Sectors & stages
Pre-Series A and Series A (lead or co-lead); Fund IV covers seed to Series A. Sector coverage: B2B software, deep tech, AI and AI infrastructure, cybersecurity, robotics and physical AI, data, defence, space and vertical applications. Geography is pan-European — Madrid, Barcelona, Berlin, Hamburg, Paris, London, Lisbon; no public India focus.
Fund size & cheque size
Kibo Ventures Fund IV targets €120M, announced late 2025 with €100M+ committed; it leads with ~€5M investments, reserving 40% for follow-ons. The platform has raised over €500M across six funds, starting with a €43M first fund in 2012. The private-equity arm's Nzyme Fund I closed at €160M. BBVA Spark, Mahou's founding family, CDTI Innvierte and the European Investment Fund anchor Fund IV.
Kibo Ventures funding: notable portfolio
Crown jewels: Flywire, whose Nasdaq IPO was the first by a Spanish startup, delivered a greater-than-45x return; Job&Talent, where Kibo was the first institutional investor; and Onum, acquired by CrowdStrike in August 2025. Other names: Devo, Sorare, Tier Mobility, Capchase, Belvo, Mitiga, Clarity AI, Carto. Verified exits: Trip4Real → Airbnb, Zepo → Apple, Qida → CrowdStrike, PromoFarma → Zur Rose. The firm reports 80+ companies backed and 20–22 exits, with sales to Apple, Airbnb, CrowdStrike and PayPal.
Partners & team
Led by co-founders and managing partners Aquilino Peña and Javier Torremocha, co-founder José Mª Amusátegui, partners Sonia Fernández and Jordi Vidal, COO-partner Valeria Loewe, and operating partner Joaquín Rebuelta; Sunir Kapoor is non-executive chairman.
How to apply for funding
Kibo Ventures publishes no application form or pitch email. Its own guidance to founders is: "Don't hesitate to contact any of us at www.kiboventures.com" — in practice, cold outreach through the website or a direct, well-researched approach to a partner in your sector. A warm introduction from a Kibo portfolio founder carries real weight at this founder-first firm. No public accelerator, fellowship or credits programme exists.
Why it matters for founders
Kibo Ventures funding is for European B2B and deep-tech founders at pre-Series A and Series A who want a lead investor that stays for the long haul — €2–6M initial cheques, 10–20% ownership targets, and a record of holding from seed to IPO. If you are building serious B2B technology with global ambition, pick your sector fit on the partner bench and make a crisp, direct approach.