A powerhouse in the Spanish market, Cuatrecasas is a trusted adviser to notable venture capital funds and start-ups spanning the technology, engineering, and life sciences sectors. The team has a robust offering which encompasses inbound and outbound investments, funding rounds, and acquisitions, as well as corporate venture capital deals and shareholder agreements. Heading up the practice is Diana Rivera, who stands out for her considerable experience assisting with high-value investment rounds both domestically and internationally. She is supported by Isabel Gandoy, an authority in the venture debt investment and acquisitions spaces. Sought after by healthcare companies is Elena Cuatrecasas, while Amador Rodríguez is recognised for his expertise in disinvestments. The department also benefits from the aptitude of Xavier Morera, who regularly advises private equity and venture capital houses on funding rounds.

Praised by clients for ‘delivering significant value in every interaction thanks to its dedication and professionalism’, Gómez-Acebo & Pombo‘s venture capital group maintains a strong position in the Spanish market. The department is well equipped to advise private equity firms, investment funds, and distressed asset investors on complex, cross-border transactions, including funding rounds, VC-backed M&A, and disposals, as well as equity financings, growth equity investments, and commercial agreements. Álvaro Mateo jointly steers the team alongside David González; both are sought after by investors and high-growth companies from the healthcare, technology, and energy sectors seeking assistance with growth equity investments, funding rounds, and investment agreements. On the fund formation front, Alex Pujol is the main point of contact, while Andrés Castro specialises in cross-border investments, with a particular focus on the technology industry.

Highly regarded for its ‘expertise, proactivity, and approachability’, Pérez-Llorca is one of the preeminent firms in Spain for venture capital. The practice is home to an experienced team capable of advising on the gamut of matters, including fund formation, funding rounds, and venture debt investments, as well as growth investment rounds, shareholders’ agreements, and regulatory compliance. At the helm of the department is Pedro Fernández, who is regularly consulted by venture capital funds and technology start-ups for assistance with re-domiciliation processes, investment rounds, and general advisory mandates. His deep knowledge of the US market also makes him the go-to for cross-border deals. Fernández is supported by Noemi Marqués de Magallanes, María Rodríguez, and Ignacio Carnero, all of whom are adept at handling venture capital transactions. Beatriz Castilla is another key practitioner in the team.

Leveraging the firm’s wider international network, the venture capital group at Bird & Bird is a solid choice for investors and start-ups seeking advice on complex, multijurisdictional transactions. The team has considerable experience handling high-value financing rounds, both early- and late-stage, venture debt deals, and disposals, as well as VC-backed M&A, corporate venture capital, and exits. Lourdes Ayala co-leads the practice alongside José Luis Lorente and Alberto Rodríguez and specialises in funding rounds and investments, with a particular focus on the life sciences, technology, and food and beverage sectors. Lorente is noted for his expertise in venture debt financing and regulatory compliance, while Rodríguez is the main point of contact for corporate venture capital deals. Antonio Ballesteros is another key practitioner.

With expertise in funding rounds, seed investments, and divestments, DWF-RCD is frequently instructed by domestic and international venture capital funds, start-ups, and corporates from the technology and science sectors. Ignasi Costas co-leads the department alongside Adolf Rousaud and stands out for his aptitude for investments, commercial agreements, and regulatory compliance, with a particular focus on the e-commerce and biotech industries. Rousaud is the go-to for financial services companies seeking assistance with divestments. David Villa specialises in fund formation, while Oscar Alegre concentrates on investor negotiations. Other key practitioners include Antoni Rosselló and Ramon Manyà.

Fils Legal, recommended by clients for its ‘highly strategic and personalised approach’, offers a comprehensive venture capital offering encompassing funding rounds, divestments, and corporate transactions. The team is well equipped to handle both domestic and cross-border mandates spanning an array of sectors, including energy and healthcare, and is regularly sought after by venture capital funds, start-ups, and investors. Carlos Gerpe co-leads the practice alongside María Rodrigo and Blanca Soler and stands out for his experience advising companies from regulated sectors on investment rounds, financings, and M&A. Rodrigo is a key point of contact for start-ups and scale-ups seeking assistance with day-to-day operations, incentive plans, and early-stage fundraisings, while Soler is noted for her expertise in technology M&A and investments.

Noted for its ‘proactive and agile’ approach, the venture capital practice at Garrigues is well-versed in handling high-value deals, both domestically and internationally. The group’s offering spans funding rounds, secondary transactions, and commercial agreements, as well as VC-backed M&A, venture debt facilities, and regulatory compliance. With extensive experience leading on a wide variety of venture capital matters, the team continues to attract new clients to its roster, which comprises notable financial institutions, start-ups, and foreign investment funds. José Manuel Martín and José Luis Ortín jointly steer the department and specialise in fundraising, inbound and outbound investments, and cross-border M&A. On the successive rounds and divestment fronts, Gonzalo Valencia is the main point of contact, while Laura Muñoz focuses on late-stage deals.

With a strong presence in the venture capital and start-ups sectors, AKTION LEGAL advises entrepreneurs, investors, VC funds, and corporates throughout the investment lifecycle, from seed rounds to growth-stage financings. The team is also active in corporate and M&A deals involving well-known Spanish start-ups and scale-ups. Julio Lluch Moral oversees the venture capital team, which also includes founder and managing partner Antonio G. Asturiano and Cristian Cañadas Gil, who handles VC, private equity and M&A deals.

Andersen in Spain is well equipped to handle a range of venture capital transactions, both domestically and internationally, including fundraising, incorporations, and disposals, as well as exits, buy-outs, and M&A. With a robust offering, the team has an expanding client roster which comprises venture capital funds and corporates from the technology, video games, and financial services sectors. Spearheading the group is Javier Bustillo, who is reputed for the depth of his expertise in disposals, investments, and corporate governance. On the commercial contracts front, Ricardo Torres is the main point of contact, while Juan Manuel Castillo concentrates on acquisitions. Mayo Torres is another key practitioner.

Highly regarded for its ‘client-focused’ approach, Delvy Law & Finance‘s venture capital practice is a popular choice for domestic and international family offices, angel investors, and venture capital funds seeking assistance with Series A and B funding rounds, venture debt structures, and secondary transactions. The team is also adept at advising on cross-border acquisitions, shareholder agreements, and due diligence, with a particular focus on the IT, biotech, and fintech sectors. Josep Navajo Ferrer co-heads the group alongside Pablo Mancía Manzon and specialises in investment rounds and multijurisdictional M&A. Manzon is noted for his expertise in financings, incorporations, and regulatory issues.

Providing ‘exceptional service to start-ups, both national and international,’ Estudio Juridico Ejaso is home to an experienced venture capital group which is capable of advising on capital increases, funding rounds, and direct investments, as well as exits and secondary transactions. With a robust offering and cross-border capabilities, the group continues to expand its client base, which comprises fintech, healthtech, and e-commerce start-ups, venture capital funds, and scale-ups. Jointly steering the practice are Daniela Leal Vargas, an expert in investments, follow-on rounds, and exits; César Espert Rodríguez, sought after for his technology prowess; and José Ignacio Saldarriaga Alonso, who concentrates on media and entertainment transactions.

Fourlaw Abogados is geared to support a variety of venture capital transactions, including fundraising, spin-offs, and corporate restructurings. Alongside its transactional capabilities, the team is sought out by venture capital funds and corporate venture capital groups for assistance with shareholders’ agreements, governance, and compliance. The practice is under the joint leadership of the ‘remarkable’ Gabriele Hofmann and the ‘strategic’ Francisco Téllez, both of whom specialise in acting for industrials, engineering, and energy businesses. Hofmann comes recommended for his expertise in handling incorporations in both Spain and Italy, commercial contracts, and M&A. On the cross-border investments and regulatory compliance fronts, Téllez is highly regarded.

Specialising in financing rounds and direct investments, Lawesome Legal Services is a trusted adviser to entrepreneurs, investors, and technology start-ups. The team, praised by clients for its ‘ability to translate complex legal issues into clear, actionable recommendations aligned with business objectives', is also well equipped to handle cross-border transactions. Xabier Álvarez and Mikel Mendiola co-head the department and bring a wealth of experience to the group; Álvarez is noted for his ‘ability to lead complex transactions,’ including M&A and corporate venture capital, while Mendiola, recognised for his ‘technical rigour’, focuses on funding rounds and divestments. Robert Burgell and Antonio Castro are among other key practitioners.

Regularly turned to by investment funds, start-ups, and angel investors, LETSLAW has considerable experience advising on investments, from seed to late-stage funding rounds, and exits, as well as regulatory compliance, corporate governance, and risk assessments. The group assists clients across various industry sectors, including telecoms, financial services, and education, though it has particular expertise in technology. At the helm of the practice is José María Baños Pita, who specialises in equity financing, fundraising, and secondary share acquisitions, as well as commercial agreements, investment rounds, and reinvestments. He is supported by Alberto Zúñiga Cotobal, Beatriz Núñez López, Álvaro Arrizabalaga Albizu, and María Ramos Lucas.

The bulk of the workload for the versatile practitioners at Lexcrea encompasses venture capital fund structuring and formation, investment rounds, and exits, as well as acquisitions, commercial agreements, and regulatory compliance. Its solid offering and cross-border capabilities make it a good choice for investors and entrepreneurs from the technology and telecoms sectors. Silvia Martínez Losas heads up the department alongside Alejandro Safont and is praised by clients for her ‘exceptional’ ability to handle structuring, fundraising, and M&A, as well as exits and general advisory matters. Safont is the main point of contact for all regulatory-related issues, including corporate governance and CNMV authorisations.