About GAEA
GAEA is a venture capital firm founded in 2019. It is primarily based out of Madrid, Spain. As of Jan 2024, GAEA has invested in 12 companies. It primarily invests in Seed round in Spain based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Telecom and Retail. Most recently it participated in the $***** Unattributed round of Argomaniz Overall, GAEA portfolio has seen 2 IPOs and 2 acquisitions including key companies like MasMovil, Gigas and Euskaltel. SAEZ Abogados co-invest with GAEA, sharing a substantial percentage of its portfolio. GAEA has team of 6 people including 3 partners.Key Metrics
GAEA's List of Top Investments
GAEA has a portfolio of 12 companies. Their most notable investments are in Argomaniz and TICNOVA.Their portfolio spans across and Spain. They have invested in Enterprise Applications, Telecom, Retail and 11 other sectors, across stages such as Seed, Post IPO and 2 more. Here is the list of top investments by GAEA:1. MasMovil
Key facts about MasMovil
2. Gigas
Provider of cloud computing infrastructure, security, and enterprise software solutions. It delivers virtual data centers, private virtual servers, and virtual desktops. The company offers add-ons, backup, recovery, and digital protection services. It provides cloud solutions for enterprise software, including enterprise resource planning and document management.
Key facts about Gigas
- Founded Year: 2011
- Location: Alcobendas (Spain)
- Stage: Public
- Total Funding till date: $2.7M
- Employee Count: 222 as on Jun 30, 2026
- Investors: GAEA, Bonsai Partners and 4 Others
- Latest Funding Round: Post IPO, 2021, $*****
- Highlight: Public
3. Euskaltel
Euskaltel provides telecom services to the residential as well as businesses. Its residential services include broadband, TV, and fixed telephony through its own fiber network. It provides mobile services through an MVNO partnership with Vodafone. It provides tailor-made solutions for business customers including financial institutions, healthcare, and government organizations. It also provides wholesale communication services including leased lines, data, and voice services. As of July'16, Francisco Arteche serves as the CEO of the company.
Key facts about Euskaltel
- Founded Year: 1995
- Location: Derio (Spain)
- Stage: Acquired
- Employee Count: 1,098 as on Jun 30, 2026
- Investors: GAEA, Investindustrial and 5 Others
- Latest Funding Round: Post IPO, Apr 09, 2019, $*****
- Highlight: Acquired
4. QEV Tech
Developer of electric vehicle prototypes and small-scale production for sustainable mobility. It develops electric car prototypes and small-scale production to offer solutions. The company transfers advanced technologies to the public and commercial transport sector. It participates in electric motorsport competitions, including FIA RX2e and Formula E.
Key facts about QEV Tech
- Founded Year: 2017
- Location: Montmelo (Spain)
- Stage: Public
- Employee Count: 70 as on Jun 30, 2026
- Investors: GAEA and European Investment Bank
- Latest Funding Round: Seed, 2021, $*****
- Highlight: Public
5. BDI biotech
BDI Biotech is a biotechnology company offering biopharma drug development services through its expertise in product expression under different platforms (yeast, bacteria, and fungi), upstream and downstream process development, scale-up and contract manufacturing. The company has two main divisions namely BDI Health and BDI Food. The company has developed a patented and proprietary antigen-display nanoplatforms based on Virus-Like Particles (VLPs). These VLPs are empty and non-infectious structures that mimic real viruses and are capable of inducing both humoral and cellular responses. They have capabilities to incorporate pathology-associated antigens into VLPs for generating chimeric nanoparticles (Ch-VLPs). The company has developed CerviVax, an immunotherapeutic vaccine focused on the treatment of HPV-16/HPV-18 (Human Papilloma Virus) infections and cervical dysplasia which has shown promising results in in-vivo efficacy and POC studies.
Key facts about BDI biotech
GAEA's Year-on-Year Investment Trends
GAEA has invested in 12 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Argomaniz.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 5 | 0 | 5 |
2020 | 0 | 0 | 0 |
2019 | 3 | 0 | 3 |
GAEA's Investments by Stage
GAEA has made 8 investments in Seed stage, 1 investment in Post IPO stage, 1 investment in Series B stage with an average round size of $12.2M and 1 investment in Unattributed stage with an average round size of $11M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Post IPO | 1 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
GAEA's Investments by Sector
GAEA has a diverse portfolio, with companies operating in the Healthcare, Retail, Auto, Auto Tech and Business Services. Notably, it has invested in 4 Enterprise (B2B) companies, 2 Tech companies, 1 Consumer (B2C) company and at least 1 company focusing on Saas.Sector | No. of Investments |
|---|---|
Healthcare | 2 |
Retail | 2 |
Auto | 1 |
Auto Tech | 1 |
Business Services | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
GAEA's Investments by Geography
GAEA has made most investments in Spain (11).GAEA's recent investments
GAEA has not made any investment in 2026 so far.Here are the most recent investments by GAEA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 16, 2024 | Spain | Unattributed | 6872 | - | |
2022 | Spain | Seed | 1661 | - | |
2022 | Spain | Seed | 8339 | - | |
2021 | Spain | Seed | 2950 | - | |
2021 | Spain | Seed | 1378 | - |
IPOs and Publicly Listed companies in GAEA's Portfolio
2 of GAEA's portfolio companies have become public. QEV Tech got listed on the Euronext Exchange (Euronext), in Oct 2023 and Gigas got listed on the Madrid Stock Exchange (BME) at marketcap of undefined.Here are GAEA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 03, 2023 | 2021 | Seed | 9029 | |
Nov 06, 2015 | 2021 | Post IPO | 2864 |
Acquired companies in GAEA's Portfolio
2 companies from GAEA's portfolio have been acquired. The most recent acquisition was Euskaltel in Mar 2021 by Kaixo Telecom for $*****.Here are GAEA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 27, 2021 | - | - | 7613 | |
Mar 19, 2014 | 2019 | Seed | 8536 |
Team profile of GAEA
GAEA has a team of 6 members including 3 Partners and 1 Principal located in Spain. GAEA's team does not sit on the board of any company as of now.Here is a list of all team members in GAEA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Madrid | - | ||
Partner | Barcelona | - | ||
Partner | Madrid | - | ||
Principal | Barcelona | - |
Co-investors of GAEA
Over the past 7 years, 10 investors have co-invested in GAEA's portfolio companies. This includes only funds.
- Invested before GAEA: Inveready, Providence Equity Partners and 6 others have invested in rounds before GAEA. There are 2 companies where Inveready has invested before GAEA and 1 company where Providence Equity Partners has invested before GAEA.
- Top Co-investors of GAEA: SAEZ Abogados entered a company along with GAEA.
- Invested after GAEA: Grupo MASMOVIL (1 company) is the only investor which has invested in GAEA's portfolio after their investments.
Recent News related to GAEA
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GAEA, an Inveready fund, invests €10M in ARGOMÁNIZ to boost its expansionCapital-Riesgo.es•Jan 17, 2024•GAEA, Argomaniz, Evergreen Legal
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