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Clave

Europe, Navarra, Spain, Pamplona

Description

Clave Capital is an independent asset management firm headquartered in Pamplona, Spain, with a significant presence in the Spanish investment landscape. Established as Clave Mayor, the firm has evolved to become a key player in both venture capital and private equity, focusing on supporting the growth and internationalization of innovative companies. Their strategic approach involves managing a diverse portfolio of funds tailored to various investment stages and sectors, demonstrating a commitment to fostering economic development within Spain and beyond.

The firm's investment strategy is characterized by a dual focus. In venture capital, Clave Capital targets high-growth, innovative companies, often from their early stages through to consolidation. This includes a particular emphasis on deep tech, as evidenced by their dedicated "Clave Capital Tech Transfer III" fund. For private equity, they invest in more mature, consolidated companies with strong growth potential, providing capital and strategic support for expansion and internationalization initiatives. Their sector interests are broad, encompassing industrial, technology, food, health, and renewable energy, reflecting a diversified approach to capitalize on emerging trends and established industries.

Clave Capital manages substantial capital across its various funds. As of recent reports, the firm oversees over $324 million in assets under management, deployed across a range of investment vehicles designed for institutional and private clients. A notable example of their venture capital activity is the "Clave Capital Tech Transfer III" fund, which aims to raise $54 million specifically for investments in deep tech startups. This particular fund typically targets first cheques ranging from $1.08 million to $5.4 million per company, providing crucial early-stage and growth capital to promising ventures.

Through its comprehensive suite of investment services, Clave Capital plays a vital role in strengthening the Spanish entrepreneurial ecosystem. By providing strategic capital and expertise, the firm helps companies scale, innovate, and expand into new markets, contributing significantly to job creation and economic prosperity. Their long-standing presence and adaptable investment strategies position them as a reliable partner for companies seeking growth capital and for investors looking for exposure to dynamic sectors.

Investor Profile

Clave has backed more than 32 startups, with 4 new investments in the last 12 months alone. The firm has led 14 rounds, about 44% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Spain, Israel, Chile.
  • Strong thematic focus on Biotechnology, Health Care, Software.
  • Led 1 rounds in the past year.
  • Typical check size: $1.1M – $5.4M.

Stage Focus

  • Seed (72%)
  • Series Unknown (13%)
  • Series A (13%)
  • Pre Seed (3%)

Country Focus

  • Spain (91%)
  • Israel (3%)
  • Chile (3%)
  • Switzerland (3%)

Industry Focus

  • Biotechnology
  • Health Care
  • Software
  • Information Technology
  • Manufacturing
  • Food And Beverage
  • Food Processing
  • Artificial Intelligence (Ai)
  • Medical Device
  • Machine Learning
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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 Clave frequently co-invest with?

TECH TRANSFER AGRIFOOD
Europe, Comunidad Valenciana, Spain, Valencia
Co-Investments: 2
Viscofan
Europe, Navarra, Spain, Tajonar
Co-Investments: 2
SODENA
Europe, Navarra, Spain, Pamplona
Co-Investments: 4
EASO Ventures
Europe, Pais Vasco, Spain, San Sebastian
Co-Investments: 1
MC
Europe, Pais Vasco, Spain, Mondragón
Co-Investments: 2
Eatable Adventures
Europe, Madrid, Spain, Madrid
Co-Investments: 1
Banco Sabadell
Europe, Catalonia, Spain, Barcelona
Co-Investments: 1
CI
Europe, Madrid, Spain, Madrid
Co-Investments: 2
Big Idea Ventures
North America, New York, United States, New York
Co-Investments: 1
Co-Investments: 6

Which angels does Clave often collaborate with?

Shared Deals: 1
HA
Europe, Madrid, Spain, Madrid
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Clave?

Neboda

Vigo, Galicia, Spain

Neboda is a science and technology that aims to transform agriculture into a more sustainable, competitive, and appealing business

AgricultureFarmingRoboticsSustainability
SeedJul 21, 2025
Amount Raised: $2,139,786
Aortyx

Barcelona, Catalonia, Spain

The ultimate solution for aortic diseases

BiotechnologyLife Science
Series AJun 12, 2025
Amount Raised: $15,950,401
Genbioma

Esquíroz, Navarra, Spain

Genbioma is a cutting-edge microbiome company dedicated to making people healthier through microbiome-targeted solutions.

BiotechnologyHealth Care
Series UnknownFeb 11, 2025
Amount Raised: $540,705
Corify Care

Madrid, Madrid, Spain

Corify Care is the developer of an innovative and completely non-invasive cardiac mapping system.

Health CareMedical Device
Series UnknownDec 11, 2024
Amount Raised: $3,151,681
homedoctor

Madrid, Madrid, Spain

The first Smart Medicine solution

Health Care
Series ASep 26, 2024
Amount Raised: $5,029,636
Sincrolab

Madrid, Madrid, Spain

Sincrolab offers an Artificial Intelligence digital prescription neuro medicine based on videogames delivered through mobile devices.

Artificial Intelligence (AI)Health CareMedicalNeuroscience
Series UnknownJun 20, 2024
Amount Raised: $1,821,499
inBiot Monitoring

Noáin, Navarra, Spain

inBiot Monitoring offers real-time monitoring of indoor air quality in buildings.

Industrial EngineeringMechanical Engineering
Series UnknownJun 13, 2024
Amount Raised: $536,877
MainRail

Pamplona, Navarra, Spain

MainRail is a high-tech company that provides IT-based solutions for infrastructure maintenance operations.

Information ServicesInformation Technology
SeedDec 5, 2023
Amount Raised: $921,848
Shakers

Madrid, Madrid, Spain

Shakers allows companies to work with entire teams of freelancers.

ConsultingHuman ResourcesSoftwareVirtual Workforce
SeedOct 30, 2023
Amount Raised: $6,368,359
D-Sight

Barcelona, Catalonia, Spain

D-Sight is an early treatment for the leading cause of preventable blindness in the working-age population.

BiotechnologyHealth Care
SeedMay 3, 2023
Amount Raised: $1,106,850