MONDRAGON Ventures
Corporate venture capital arm of MONDRAGON Corporation
Also known as MONDRAGON Centro de Promoción, S. Coop., Mondragon Fondo de Promoción, Mondragon Business Promotion Centre
Corporate venture arm of the MONDRAGON cooperative group (Gipuzkoa): invests €0.5–2M in tech startups and SMEs via its promotion funds, alongside its cooperatives.
- HEADQUARTERS
- Arrasate-Mondragón (Gipuzkoa), Spain
- FOUNDED
- —
- AUM
- €70M (2026)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 8 people
Focus
- STAGES
- SeedSeries ASeries BGrowth
- SECTORS
- Industrial & ManufacturingClimate & EnergyHealthTechDeep TechFood & AgricultureFintechArtificial Intelligence
- ASSET MIX
- Venture capitalDirect investments
- GEOGRAPHY
- Europe
Overview
MONDRAGON Ventures is the corporate platform of the MONDRAGON cooperative group for entrepreneurship, diversification and new businesses, run by MONDRAGON Centro de Promoción, S. Coop. It manages venture capital funds of more than €70 million for technology-based startups, scaleups and SMEs, mainly in Europe, with investments of €0.5–2 million ranging from minority co-investments to majority stakes. It reports more than 60 investments over the past decade and co-invests with group cooperatives, e.g. Fagor Electrónica (Semi Zabala) and Domusa Teknik (Hotta).
Investment thesis
Startups and SMEs in fields where MONDRAGON’s cooperatives see shared needs — digital and smart industry, energy and sustainability, health and wellness, deeptech and industrialtech, agrofood, fintech and insurtech — with the group acting as investor, preferred client and industrial or commercial partner.
PORTFOLIO (12)
- Multiverse ComputingNOTABLEDeep Tech · since 2020
- RemolonasFood & Agriculture · since 2026
- HottaClimate & Energy · since 2026
- Semi ZabalaDeep Tech · since 2025
- NébodaFood & Agriculture · since 2025
- NaruHealthTech
- Corify CareHealthTech
- Cocoon BioscienceBiotech & Life Sciences
- InbiotClimate & Energy
- WooptixDeep Tech
- ShakersSoftware & SaaS
- SabbaticFintech
People
- Manu AyerdiCorporate Director of Business Development, MONDRAGON · source
- Joseba SagastigordiaCEO, MONDRAGON Ventures · source
- Amaia FerroAlliances & Partnerships Manager · source
- Amaia EgiaNew Business Development Manager · source
- Julián GallardoNew Business Development Manager · source
- Paula OlazabalNew Business Development Manager · source
- Koldo OrrantiaNew Business Development Manager · source
- Lander GonzálezNew Business Development Manager · source
Links
Frequently asked questions
MONDRAGON Ventures is a corporate venture arm based in Arrasate-Mondragón (Gipuzkoa), Spain.
Yes. MONDRAGON Ventures invests its own capital in private companies.
MONDRAGON Ventures invests at Seed, Series A, Series B and Growth stages in Industrial & Manufacturing, Climate & Energy, HealthTech, Deep Tech, Food & Agriculture, Fintech and Artificial Intelligence.
MONDRAGON Ventures's stated ticket size is €500K–€2M.
Key people at MONDRAGON Ventures include Manu Ayerdi (Corporate Director of Business Development, MONDRAGON), Joseba Sagastigordia (CEO, MONDRAGON Ventures), Amaia Ferro (Alliances & Partnerships Manager) and Amaia Egia (New Business Development Manager).
MONDRAGON Ventures's investments include Multiverse Computing, Remolonas, Hotta, Semi Zabala, Néboda, Naru, Corify Care and Cocoon Bioscience, among others.
The most recent publicly reported investment by MONDRAGON Ventures is Remolonas (Equity stake), announced in Apr 2026.
MONDRAGON Ventures states that it accepts submissions through its official contact page.
No. MONDRAGON Ventures invests its own capital and does not raise money from outside investors.