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Xesgalicia

Europe, Galicia, Spain, Santiago De Compostela

Description

Xesgalicia is a prominent venture capital management firm based in Santiago de Compostela, Spain, operating as the public financial instrument of the Xunta de Galicia, the regional government of Galicia. Established with the primary objective of fostering economic development and promoting business growth within the Galician region, Xesgalicia plays a crucial role in supporting local companies across various stages of their lifecycle. Its mandate extends beyond traditional venture capital, encompassing a broader spectrum of financial instruments designed to stimulate innovation, internationalization, and job creation.

The firm manages a diverse portfolio of funds, including venture capital, private equity, and debt instruments, tailored to meet the specific needs of Galician enterprises. These funds target companies from nascent startups to more established businesses seeking expansion capital. Xesgalicia has demonstrated a significant impact on the regional economy, having managed to mobilize over 350 million euros in investments through its various financial instruments. Furthermore, its extensive activity is evidenced by its participation in more than 1,000 investment operations since its inception, underscoring its deep commitment to the Galician business ecosystem.

Xesgalicia's investment strategy is characterized by its flexibility and long-term vision, often involving co-investment with private partners to amplify its impact and leverage additional capital. While its portfolio spans various sectors, including technology, industry, and services, the firm consistently prioritizes projects that exhibit strong growth potential and contribute positively to regional employment and innovation. Typical first cheque sizes for Xesgalicia can vary significantly depending on the specific fund and the stage of the company, ranging from early-stage venture capital infusions to larger growth equity investments.

This public-private collaboration model allows Xesgalicia to provide not only capital but also strategic support, helping companies navigate challenges and capitalize on opportunities. Its role is pivotal in strengthening the entrepreneurial fabric of Galicia, ensuring that promising local businesses have access to the necessary financial resources to scale and compete effectively in broader markets.

Investor Profile

Xesgalicia has backed more than 27 startups, with 1 new investments in the last 12 months alone. The firm has led 5 rounds, about 19% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Spain, Portugal.
  • Strong thematic focus on Software, Biotechnology, Pharmaceutical.
  • Typical check size: $50K – $5M.

Stage Focus

  • Seed (52%)
  • Series Unknown (26%)
  • Pre Seed (11%)
  • Series A (4%)
  • Convertible Note (4%)
  • Equity Crowdfunding (4%)

Country Focus

  • Spain (96%)
  • Portugal (4%)

Industry Focus

  • Software
  • Biotechnology
  • Pharmaceutical
  • B2b
  • Analytics
  • Fintech
  • Mobile
  • Artificial Intelligence (Ai)
  • Big Data
  • Developer Tools
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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 Xesgalicia frequently co-invest with?

Unirisco Galicia
Europe, Galicia, Spain, Santiago De Compostela
Co-Investments: 6
Criteria Venture Tech
Europe, Catalonia, Spain, Barcelona
Co-Investments: 6
Bankinter
Europe, Madrid, Spain, Madrid
Co-Investments: 2
Faraday Venture Partners
Europe, Madrid, Spain, Madrid
Co-Investments: 1
Swanlaab Venture Factory
Europe, Madrid, Spain, Madrid
Co-Investments: 2
Helvetia Venture Fund
Europe, Basel-Stadt, Switzerland, Basel
Co-Investments: 1
Vigo Activo
Europe, Galicia, Spain, Vigo
Co-Investments: 7
Armilar Venture Partners
Europe, Lisboa, Portugal, Lisboa
Co-Investments: 2
K Fund
Europe, Madrid, Spain, Madrid
Co-Investments: 2
Draper B1
Europe, Comunidad Valenciana, Spain, Valencia
Co-Investments: 1

Which angels does Xesgalicia often collaborate with?

IB
North America, New York, United States, New York
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Xesgalicia?

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
Kreios Space

Terrassa, Catalonia, Spain

Kreios Space is a startup that develops an innovative electric propulsion system for satellites.

Aerospace
Pre SeedJul 24, 2024
Amount Raised: $2,494,390
Appentra

A Coruña, Galicia, Spain

Deep Tech company creating DevOps tools. Automated code inspection for performance in modern processors and specialised AI chips.

AnalyticsArtificial Intelligence (AI)Big DataDeveloper ToolsDevOpsEdTechSoftware
SeedSep 19, 2023
Amount Raised: $5,340,733
Envita

Pontevedra, Galicia, Spain

Envita is a social innovation start-up for the development of innovative digital solutions for organizations.

Elder CareInformation ServicesService Industry
SeedApr 19, 2023
Amount Raised: $547,590
BioFlyTech

Alicante, Comunidad Valenciana, Spain

BioFlyTech is a Technology Based company specialized in artificial breeding and intensive production of insect biomass

Alternative ProteinAnimal FeedBiotechnologyFarming
Series UnknownMar 10, 2023
Amount Raised: $5,500,000
Aerocámaras

Lalín, Galicia, Spain

Drone, UAV

Drones
Series UnknownDec 27, 2022
Amount Raised: $904,111
Oncostellae

Orense, Galicia, Spain

Oncostellae focuses on the discovery of new pharmaceutically active compounds and their development, from its initial phase

Health DiagnosticsMedicalPharmaceutical
Series UnknownNov 23, 2022
Amount Raised: $3,437,991
Libera Bio

Santiago De Compostela, Galicia, Spain

Addressing “undruggable intracellular targets” in oncology

BiopharmaLife ScienceOncologyPharmaceutical
SeedJul 19, 2022
Amount Raised: $1,329,967
Libera Bio

Santiago De Compostela, Galicia, Spain

Addressing “undruggable intracellular targets” in oncology

BiopharmaLife ScienceOncologyPharmaceutical
SeedDec 23, 2021
Celtarys Research

Santiago De Compostela, Galicia, Spain

Celtarys Research is positioned as the only company exclusively dedicated to developing fluorescent probes to replace radioactivity.

Biotechnology
SeedSep 24, 2021
Amount Raised: $761,836