Acurio Ventures
Also known as All Iron Ventures, Acurio Ventures Partners, SGEIC, S.A., AV
Bilbao VC manager (formerly All Iron Ventures) investing pre-seed to Series B in European startups, mostly as co-investor, plus fund-of-funds and VC secondaries.
- HEADQUARTERS
- Bilbao, Spain
- FOUNDED
- —
- AUM
- €450M (2026)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 7 people
Focus
- STAGES
- Pre-SeedSeedSeries ASeries B
- ASSET MIX
- Venture capitalFunds (as LP)
- GEOGRAPHY
- Europe
Overview
Acurio Ventures was launched as All Iron Ventures by Ticketbis co-founders including Ander Michelena; it rebranded as Acurio Ventures in 2024 with its third fund, a €150M follow-on vehicle closed in 2024. It invests in early-stage European companies, usually as co-investor with initial checks of up to €3M and single-digit stakes, and runs a fund-of-funds programme committing to European VC funds. In July 2026 it announced Acurio Secondaries I FCR (about €115M), taking assets under management to over €450M across five vehicles. It has offices in Bilbao, Madrid and London.
Investment thesis
Generalist early-stage investor in Europe, primarily seed and Series A, flexible to co-invest, co-lead or lead; life sciences and crypto are outside scope; follow-ons treated like new investments.
PORTFOLIO (12)
- SeedtagNOTABLEArtificial Intelligence
- JobandtalentNOTABLESoftware & SaaS
- LingokidsNOTABLEEducation
- PreplyNOTABLEEducation
- Consumer & E-commerce
- Fintech
- Consumer & E-commerce
- Consumer & E-commerce
- Climate & Energy
- Biotech & Life Sciences
- Education
- Fintech · since 2026
People
Links
Frequently asked questions
Acurio Ventures is a VC fund based in Bilbao, Spain.
Yes. Acurio Ventures invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Acurio Ventures invests at Pre-Seed, Seed, Series A and Series B stages in Software & SaaS, Fintech, Education, Consumer & E-commerce, Climate & Energy and Artificial Intelligence.
Acurio Ventures's stated ticket size is Up to €3M.
Key people at Acurio Ventures include Ander Michelena (General Partner), Kate Cornell (General Partner), Diego Recondo (General Partner) and Hugo Fernández-Mardomingo (General Partner).
Acurio Ventures's investments include Seedtag, Jobandtalent, Lingokids, Preply, Refurbed, Indexa Capital, Lookiero and Exoticca, among others.
The most recent publicly reported investment by Acurio Ventures is Kompanion (First round (€800K, led by JME Ventures)), announced in Oct 2026.
Yes. Acurio Ventures manages capital from outside investors.