Bonsai Partners
Also known as Bonsai Partners, SGEIC, S.A., Bonsai Venture Capital, Bonsai
Madrid venture capital manager that grew out of the Cebrián family office's Bonsai Venture Capital (2001); invests in primary and secondary stakes in European tech startups.
USEFUL FOR Founders · Business owners seeking a long-term partner · Co-investors
Not to be confused with Bonsai Partners (bonsaipartners.com), an unrelated US public-equity firm.
Family & background
- FAMILY
- Cebrián (Javier Cebrián and his father)
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- 2001
- OUTSIDE CAPITAL
- Yes — also manages others' money
Investment approach
- GEOGRAPHY
- SpainEurope
- STAGES
- SeedSeries AGrowth
- ROUTES
- Companies (own capital)
- STRATEGIES
- Venture capital
- TICKET
- €1M–€4M
Overview
Javier Cebrián founded Bonsai Venture Capital with his father in 2001 as an initiative of the family office; it made more than 70 investments, including Infojobs, Softonic, Idealista, Tuenti, Bodas.net, Wallapop, Glovo and Paack. In 2018 he set up Bonsai Partners SGEIC to manage the family's own and third-party funds, entered in the CNMV register in August 2018. Its funds invest in primary and secondary opportunities in internet and technology companies at seed, early and growth stage, mainly in the EU. Bonsai Partners Fund II, FCRE was constituted in April 2022 for professional and EuVECA-eligible investors.
Investment thesis
Multistage investing in primary and secondary stakes in European tech startups; Fund II targets internet and tech companies in marketplaces, SaaS, digital marketing, fintech, on-demand consumer/logistics, blockchain, internet security, proptech, healthtech and IoT, mainly SMEs operating in the EU.
Holdings & investments (61)
People
Frequently asked questions
Bonsai Partners is a family-anchored fund based in Madrid, Spain, founded in 2001.
Bonsai Partners invests on behalf of the Cebrián (Javier Cebrián and his father) family.
Bonsai Partners invests its own capital into companies. Its stated asset mix includes venture capital.
Bonsai Partners invests at Seed, Series A and Growth stages in Software & SaaS, Fintech, Consumer & E-commerce, Real Estate & PropTech and HealthTech.
Bonsai Partners's stated ticket size is €1M–€4M.
Key people at Bonsai Partners include Javier Cebrián Monereo (Chairman, Bonsai Partners SGEIC), Martí Escursell Trepat (Board member, Bonsai Partners SGEIC), Andrés de la Morera Hennig (Board member, Bonsai Partners SGEIC) and Juan Eusebio Teijeiro Rodríguez (Board member, Bonsai Partners SGEIC).
Bonsai Partners's holdings and investments include Idealista, Glovo, Exoticca, Wallapop, Infojobs, WeddingWire, Playtomic and Sendcloud, among others.
The most recent publicly reported investment by Bonsai Partners is Lookiero Outfittery Group (€17m funding round (new investors Ekarpen and SETT; existing investors incl. Bonsai Partners, Acurio Ventures, Perwyn and 10x Group)), announced in Jan 2026.
Yes. Bonsai Partners manages capital from outside investors.