Iberdrola PERSEO
Startup investment and open innovation programme of Iberdrola
Also known as PERSEO, Programa de start-ups PERSEO, Programa Internacional de Start-ups PERSEO, Perseo Venture Builder
Iberdrola’s startup programme since 2008: €1M–€5M stakes in energy-transition startups, a venture builder and LP positions in Seaya Andromeda and Buenavista; €200M+ invested.
- HEADQUARTERS
- Spain
- FOUNDED
- 2008
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 1 people
Focus
- STAGES
- —
- ASSET MIX
- Venture capitalFunds (as LP)
- GEOGRAPHY
- Global
Overview
PERSEO is Iberdrola’s open innovation and startup investment programme, created in 2008, with its first investment in 2009. Iberdrola states more than €200 million invested through a portfolio of startups, new companies created by PERSEO Venture Builder (launched 2020), and commitments to the Seaya Andromeda Sustainable Tech Fund and Buenavista’s tech seed fund. The investment page lists nine current startups out of 27 companies backed since 2008; two portfolio companies, Wallbox and Stem, went public in 2021. The programme also runs challenges and some 25 pilots a year, which are not investments.
Investment thesis
Startups whose technologies or business models improve the sustainability of the energy sector through electrification and decarbonisation and have short-term impact on Iberdrola’s businesses; €1–5M tickets, co-investing with companies and venture funds.
PORTFOLIO (12)
- Mobility & Logistics · since 2025
- Climate & Energy · since 2025
- Mobility & Logistics · IPO (2021)
- StemClimate & Energy · IPO (2021); no longer in the listed portfolio
- Software & SaaS
- Climate & Energy
- Industrial & Manufacturing
- Mobility & Logistics
- Industrial & Manufacturing
- Mobility & Logistics
- Seaya Andromeda Sustainable Tech Fund (fund)since 2022
- Buenavista tech seed fund (fund)
People
- Óscar CantalejoHead of PERSEO (Programa de Inversión e Innovación Abierta con Startups), as of Oct 2024 · source
Links
Frequently asked questions
Iberdrola PERSEO is a corporate venture arm based in Spain, founded in 2008.
Yes. Iberdrola PERSEO invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Iberdrola PERSEO invests in Climate & Energy, Mobility & Logistics, Industrial & Manufacturing and Software & SaaS.
Iberdrola PERSEO's stated ticket size is €1M–€5M.
Key people at Iberdrola PERSEO include Óscar Cantalejo (Head of PERSEO (Programa de Inversión e Innovación Abierta con Startups), as of Oct 2024).
Iberdrola PERSEO's investments include TRIBBU, Nido, Wallbox, Stem, Barbara, Aquí tu reforma, Birka and Emovili, among others.
The most recent publicly reported investment by Iberdrola PERSEO is TRIBBU (Led the latest round with €1M), announced in Oct 2025.
Iberdrola PERSEO states that it accepts submissions through its official contact page.
No. Iberdrola PERSEO invests its own capital and does not raise money from outside investors.