VC FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 9 SOURCES

Kibo Ventures

Also known as Kibo Ventures Partners, SGEIC, S.A., KIBO

Madrid venture capital manager founded in 2012; leads pre-Series A and Series A rounds of €2–6m in European B2B tech, and runs the Nzyme private equity strategy.

HEADQUARTERS: Madrid, Spain
FOUNDED: 2012
AUM: €500M (2025)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 11 people

FOCUS

STAGES: SeedSeries A
SECTORS: Deep Tech Artificial Intelligence Software & SaaS Space
ASSET MIX: Venture capitalPrivate equity
GEOGRAPHY: Europe

WHAT IT IS

VC Fund. A fund manager investing capital raised from limited partners into startups.

Kibo Nzyme
Kibo's private equity strategy, investing in established B2B services and software companies through roll-ups; Fund I of €160m

ABOUT

Kibo Ventures was founded in August 2012 by Aquilino Peña, Javier Torremocha and José María Amusátegui, and its manager, Kibo Ventures Partners SGEIC, was entered in the CNMV register in September 2016. Its venture strategy leads or co-leads pre-Series A and Series A rounds with initial tickets of €2–6m, targeting 10–20% ownership, with a B2B focus and a bias for deep tech, AI and cybersecurity. Fund IV (€120m target) passed €100m of commitments in December 2025, when the firm said it managed over €500m across six funds. Its private equity strategy, Kibo Nzyme, invests a €160m first fund in B2B services and software companies.

INVESTMENT THESIS

Leads or co-leads pre-Series A and Series A rounds with €2–6m initial tickets for 10–20% ownership; B2B focus with a bias for deep tech, AI and cybersecurity. Fund IV targets deep tech, data, AI infrastructure, cybersecurity, robotics, physical AI and vertical applications including defence and space, investing around €5m per lead and reserving 40% for follow-ons.

PORTFOLIO (12)

Job&TalentNOTABLE
Software & SaaS · since 2012
FlywireNOTABLE
Fintech · since 2013 · IPO
Carto
Software & SaaS · since 2014
Coverwallet
Fintech · since 2017 · Acquired (Aon)
Vilynx
Artificial Intelligence · since 2017 · Acquired (Apple)
Clarity AI
Artificial Intelligence · since 2017
Onum
Software & SaaS · since 2022 · Acquired (CrowdStrike)
Sorare
Consumer & E-commerce · since 2021
Theker Robotics
Deep Tech · since 2025
Zepo
Software & SaaS · since 2024
NeuralTrust
Artificial Intelligence · since 2026
FOSSA
Space · since 2026

TEAM

Aquilino Peña
Co-founder & Managing Partner · source
Javier Torremocha
Co-founder & Managing Partner · source
José Mª Amusátegui
Co-founder & Partner · source
Sonia Fernández
Partner · source
Valeria Loewe
COO & Partner · source
Juan López
Partner at Kibo Ventures & Managing Director of Nzyme · source
Jordi Vidal
Partner · source
Sunir Kapoor
Non-Executive Chairman · source
Fernando Díaz Solís
Co-founder and Managing Partner, Kibo Nzyme · source
Vicente Vázquez
Co-founder and Managing Partner, Kibo Nzyme · source
Jose Manuel Gasalla
Co-founder and Managing Partner, Kibo Nzyme · source

FAQ

Kibo Ventures is a VC fund based in Madrid, Spain, founded in 2012.

Yes. Kibo Ventures invests directly in private companies.

Kibo Ventures invests at Seed and Series A stages in Deep Tech, Artificial Intelligence, Software & SaaS and Space.

Kibo Ventures's stated ticket size is €2M–€6M.

Key people at Kibo Ventures include Aquilino Peña (Co-founder & Managing Partner), Javier Torremocha (Co-founder & Managing Partner), José Mª Amusátegui (Co-founder & Partner) and Sonia Fernández (Partner).

Kibo Ventures's investments include Job&Talent, Flywire, Carto, Coverwallet, Vilynx, Clarity AI, Onum and Sorare, among others.

The most recent publicly reported investment by Kibo Ventures is FOSSA (€9.25m round (lead)), announced in Jun 2026.

Yes. Kibo Ventures manages capital from outside investors.