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Bonsai Partners

Europe, Madrid, Spain, Madrid

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Bonsai Partners frequently co-invest with?

All Iron Ventures
Europe, Pais Vasco, Spain, Bilbao
Co-Investments: 7
Sabadell Venture Capital
Europe, Catalonia, Spain, Barcelona
Co-Investments: 5
FJ Labs
North America, New York, United States, New York
Co-Investments: 6
Big Sur Ventures
Europe, Madrid, Spain, Madrid
Co-Investments: 6
Bonsai Venture Capital SCR
Europe, Madrid, Spain, Madrid
Co-Investments: 8
aldeA Ventures
Europe, Catalonia, Spain, Barcelona
Co-Investments: 5
10x Founders
Europe, Bayern, Germany, Munich
Co-Investments: 5
Kibo Ventures
Europe, Madrid, Spain, Madrid
Co-Investments: 11
K Fund
Europe, Madrid, Spain, Madrid
Co-Investments: 6
Inveready
Europe, Catalonia, Spain, Barcelona
Co-Investments: 9

Which angels does Bonsai Partners often collaborate with?

JU
Europe, Madrid, Spain, Madrid
Shared Deals: 2
Shared Deals: 1
JM
Europe, Catalonia, Spain, Esplugas De Llobregat
Shared Deals: 1
ID
Europe, Zurich, Switzerland, Zürich
Shared Deals: 2
SM
Europe, Catalonia, Spain, Barcelona
Shared Deals: 3
HZ
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
JO
North America, California, United States, San Francisco
Shared Deals: 1
ML
North America, California, United States, San Francisco
Shared Deals: 1
ML
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Bonsai Partners?

Refurbed

Vienna, Wien, Austria

Refurbed is an online marketplace for refurbished products.

AppsE-CommerceElectronicsMarketplace
Series UnknownOct 22, 2025
Amount Raised: $60,186,962
Remuner

Barcelona, Catalonia, Spain

Remuner's variable pay software automates sales commission systems, aligning company and employee goals and incentives.

Artificial Intelligence (AI)SaaSSalesSales AutomationSoftware
SeedSep 9, 2025
Amount Raised: $6,500,000
Solfy

Madrid, Madrid, Spain

Solfy is a marketplace for the self-consumption of solar energy.

Power GridRenewable EnergySolar
SeedSep 9, 2025
Amount Raised: $4,682,980
Rauda AI

Madrid, Madrid, Spain

Scale your customer service with artificial intelligence

Artificial Intelligence (AI)Customer Service
SeedSep 1, 2025
Amount Raised: $2,810,281
VIVLA

Madrid, Madrid, Spain

Vivla offers second homeownership by helping people buy, own, and sell the fractions of the second home that fits their life.

Home ServicesReal EstateReal Estate Investment
Series UnknownJul 23, 2025
Amount Raised: $9,384,428
TaxDown

Madrid, Madrid, Spain

TaxDown is a Spanish startup that eases the income tax return filing process for taxpayers.

FinTechSoftware
Series UnknownApr 22, 2025
Amount Raised: $4,609,001
Rauda AI

Madrid, Madrid, Spain

Scale your customer service with artificial intelligence

Artificial Intelligence (AI)Customer Service
SeedApr 1, 2025
Playtomic

Madrid, Madrid, Spain

Playtomic operates an online sports court booking platform intended to become a social network for sports players.

AppsReservationsSoftwareSports
Series UnknownMar 19, 2025
Amount Raised: $60,183,351
flowww

Madrid, Madrid, Spain

Flowww provides software and tools to optimize processes, marketing, and patient connections in aesthetic medicine, beauty, and health.

CRMEnterprise Resource Planning (ERP)Enterprise SoftwareSaaSSoftware
Series UnknownMar 13, 2025
Amount Raised: $4,352,093
Floww

London, England, United Kingdom

Bringing transparency to the financial sector via an exceptional user interface. Creating greater liquidity in the private asset market.

AnalyticsFinancial ServicesFinTechInformation TechnologySaaS
Series UnknownMar 13, 2025
Amount Raised: $4,341,955