
Bonsai Partners
Description
Bonsai Partners is a prominent venture capital firm based in Madrid, Spain, specializing in growth-stage technology companies across Europe. Established as a key player in the European tech investment landscape, the firm focuses on both primary and secondary investment opportunities, demonstrating flexibility in its approach to supporting high-potential startups. Their investment thesis centers on disruptive technology companies that have already achieved proven business models and exhibit significant growth potential.
The firm typically deploys substantial capital, with initial investments ranging from €5 million to €20 million. This enables them to support companies through critical expansion phases. Bonsai Partners is known for its hands-on, active role in its portfolio companies, providing strategic guidance and leveraging its extensive network to foster growth. Their commitment to the European tech ecosystem was further solidified with the closing of their latest fund, Bonsai Partners IV, which secured €120 million in commitments, underscoring their capacity for significant future investments.
Bonsai Partners has built an impressive portfolio of over 30 investments, featuring some of Europe's most successful and recognizable tech ventures. Notable past and present investments include unicorns like Glovo, a leading delivery platform; Wallapop, a popular classifieds marketplace; Idealista, a major real estate portal; and mobility giant Cabify. The firm has also demonstrated a strong track record of successful exits, including the acquisition of Glovo by Delivery Hero and Idealista by EQT, validating their ability to identify and nurture companies that achieve substantial market value.
Investor Profile
Bonsai Partners has backed more than 79 startups, with 11 new investments in the last 12 months alone. The firm has led 12 rounds, about 15% of its total and boasts 16 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Seed rounds (top funding stages).
- Majority of deals are located in Spain, United States, Germany.
- Strong thematic focus on Software, E-Commerce, Logistics.
- Led 4 rounds in the past year.
- Typical check size: $5.4M – $21.6M.
Stage Focus
- Series Unknown (28%)
- Series A (27%)
- Seed (19%)
- Series B (13%)
- Pre Seed (8%)
- Series C (5%)
- Series D (1%)
Country Focus
- Spain (68%)
- United States (8%)
- Germany (6%)
- The Netherlands (4%)
- Italy (4%)
- United Kingdom (4%)
- Austria (3%)
- France (3%)
- Colombia (1%)
Industry Focus
- Software
- E-commerce
- Logistics
- Fintech
- Artificial Intelligence (Ai)
- Marketplace
- Finance
- Information Technology
- Saas
- Internet
Frequently Asked Questions
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