About Sodena
Sodena is a venture capital firm founded in 1984. It is primarily based out of Pamplona, Spain. As of Jan 2026, Sodena is an active investor, having invested in 133 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Spain based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Seed round of Opportunityhealth Overall, Sodena portfolio has seen 3 IPOs and 10 acquisitions including key companies like Nordex, Nabrawind and Solaris Bus & Coach. A lot of funds co-invest with Sodena, with names like Inveready sharing a substantial percentage of its portfolio. Sodena has team of 45 people including 13 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Conventional Debt & 5 more
Deals in last 12 months
Sodena's List of Top Investments
Sodena has a portfolio of 133 companies. Their most notable investments are in inBiot and BrioAgro.Their portfolio spans across Spain, Germany, Mexico and 3 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 31 other sectors, across stages such as Seed, Conventional Debt and 5 more. Here is the list of top investments by Sodena:1. Nordex
Key facts about Nordex
- Founded Year: 1985
- Location: Hamburg (Germany)
- Stage: Public
- Employee Count: 7,537 as on Jul 16, 2025
- Investors: Goldman Sachs, Commerzbank and 9 Others
- Latest Funding Round: Post IPO, Oct 08, 2019, $*****
- Highlight: Public
College offering multiple courses and degrees in management stream. It offers various academic programs, including the master in business administration and economics. It provides strategic guidance on initiatives, governance, education programs, institutional development, and corporate sponsorship.
Key facts about IESE Business School
3. Nabrawind
Nabrawind Technologies specialises in design and development of wind technologies for wind turbine components, as well as engineering services advisory. The company claims to provide certified technologies and components that do not require wind turbine redesign and validation. They have two primary products, the Nabrajoint which is a modular blade system and Nabralift, a self erecting wind tower.
Key facts about Nabrawind
- Founded Year: 2015
- Location: Pamplona (Spain)
- Stage: Acquired
- Total Funding till date: $2.37M
- Employee Count: 27 as on Jul 01, 2024
- Investors: Fortescue, EIT InnoEnergy and 4 Others
- Latest Funding Round: Seed, Jun 11, 2024, $*****
- Highlight: Acquired
Key facts about Solaris Bus & Coach
Manufacturer of soft tissue fixation devices for orthopedic and sports medicine. The company offers solutions for arthroscopic soft tissue repair procedures. Its products are designed for graft fixation, osseointegration, and stability in bone surgeries. The company focuses on developing surgical tools that are safe and easy to handle.
Key facts about Abanza Tecnomed
Sodena's Year-on-Year Investment Trends
Sodena has invested in 133 companies over the last 30 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in FuVeX and most recent follow-on round was in Opportunityhealth.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 4 | 0 | 4 |
2024 | 3 | 3 | 6 |
2023 | 4 | 0 | 4 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 2 | 0 | 2 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
2017 | 3 | 0 | 3 |
Sodena's Investments by Stage
Sodena has made 18 investments in Seed stage with an average round size of $453K, 11 investments in Conventional Debt stage with an average round size of $719K and 11 investments in Venture Debt stage with an average round size of $143K.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Conventional Debt | 11 |
Venture Debt | 11 |
Series A | 7 |
PE | 3 |
Others | 2 |
Note: We have considered here, only first round of investments
Sodena's Investments by Sector
Sodena has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, High Tech, Consumer and Retail. Notably, it has invested in 56 Enterprise (B2B) companies, 52 Tech companies, 20 Consumer (B2C) companies and at least 19 companies focusing on Software.Sector | No. of Investments |
|---|---|
Life Sciences | 11 |
Enterprise Applications | 10 |
High Tech | 10 |
Consumer | 5 |
Retail | 5 |
Others | 44 |
Note: We have considered here, only first round of investments
Sodena's Investments by Geography
Sodena has made most investments in Spain (49), followed by Japan where it has made 1 investment.Country | No. of Investments |
|---|---|
Spain | 49 |
Japan | 1 |
Mexico | 1 |
Note: We have considered here, only first round of investments
Sodena's recent investments
Sodena has made 1 investments in 2026 so far - Opportunityhealth.Here are the most recent investments by Sodena:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 28, 2026 | - | Seed | 4537 | [+2] | |
Oct 20, 2025 | Spain | Series A | 1269 | - | |
Jun 04, 2025 | Spain | Seed | 3345 | - | |
Apr 09, 2025 | - | Seed | 4377 | ||
Apr 01, 2025 | Spain | Conventional Debt | 7515 | [+1] |
IPOs and Publicly Listed companies in Sodena's Portfolio
3 of Sodena's portfolio companies have become public. Nordex got listed on the Frankfurt Stock Exchange (FRA), in Apr 2001 and KYB got listed on the Tokyo Stock Exchange (TSE).Here are Sodena's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 02, 2001 | - | - | 3431 | |
Oct 19, 1959 | Jan 30, 2010 | PE | 4814 | |
- | - | - | 5236 |
Acquired companies in Sodena's Portfolio
10 companies from Sodena's portfolio have been acquired. The most recent acquisition were Nabrawind in Sep 2025 by Fortescue.Here are Sodena's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2025 | Sep 06, 2016 | Seed | 6472 | |
Apr 28, 2025 | Feb 08, 2024 | Conventional Debt | 8826 | |
Nov 24, 2022 | Apr 12, 2006 | Series A | 3941 | |
May 17, 2022 | 2006 | Series A | 1414 | |
Sep 01, 2021 | - | - | 9484 |
Team profile of Sodena
Sodena has a team of 45 members including 13 Partners and 6 Principals located in Spain. Sodena's team does not sit on the board of any company as of now.Here is a list of top team members in Sodena:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Pamplona | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Pamplona | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Zizur Mayor | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Spain | - | ||
Partner | - | - | - |
Co-investors of Sodena
Over the past 30 years, 51 investors have co-invested in Sodena's portfolio companies. This includes only funds.
- Invested before Sodena: Europa, Orizont and 12 others have invested in rounds before Sodena. There are 5 companies where Europa has invested before Sodena and 1 company where Orizont has invested before Sodena.
- Top Co-investors of Sodena: 15 investors entered a company along with Sodena. These include investors like Inveready (3 companies).
- Invested after Sodena: A total of 22 investors have invested in Sodena's portfolio after their investments. Top Investors include Europa (8 companies), EIC Fund (7 companies) and Fortescue (1 company).
Recent News related to Sodena
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Navarra's Fuvex closes a 1.7 million euro round to lead the European inspection drone marketEl Referente•Oct 20, 2025•FuVeX, Sodena
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CAF acquires Sodena's participation in Solaris B&CWebcapitalriesgo•Jul 04, 2025•Solaris Bus & Coach, Sodena, Cafmobility
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Ubyko secures funding from Sodena and the Guinduláin family to expand its business and technology.
Capital-Riesgo.es•Jun 04, 2025•Ubyko, Sodena
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Muxunav closes a €400,000 financing round with Sodena, Elkargi, and BBVAEl Referente•Apr 07, 2025•Visitsedona, BBVA, Elkargi, Sodena
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Muxunav closes a round of 400,000 euros with Sodena, Elkargi and BBVANoticiasdenavarra•Apr 01, 2025•Muxunav, BBVA, Elkargi, BBVA and 1 other
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Youandlaw advises the Dutch fund ICOS Capital in the €3M round of MOA FoodtechLawyerpress - Información del sector legal•Aug 20, 2024•MOA foodtech, Icos Capital, Clave, Viscofan and 2 others
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MOA Foodtech raises €3M in a Series A round led by ICOS CapitalEl Referente•Jun 25, 2024•MOA foodtech, Icos Capital, Banco Sabadell, Sodena and 2 others
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Inbiot closes a financing round of 500,000 euros with Grupo Mondragón and SodenaCapital-Riesgo.es•Jun 15, 2024•inBiot, MONDRAGON Corporation, Clave Capital, Sodena and 1 other
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Medibiofarma obtains one million euros to promote the Clinical Phase of its three drugsCapital-Riesgo.es•Apr 03, 2024•Sodena, Inveready, Medibiofarma
