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Investors / Spain / Bullnet Capital

Bullnet Capital

Venture capital · Pozuelo de Alarcón, Spain · Europe

bullnetcapital.com

Bullnet Capital is a Spanish independent venture capital firm specialized in high technology start-ups. It invests in early-stage companies and provides financial, strategic and managerial support to its portfolio companies.

Invests inAI & Machine LearningHealthcare & BiotechCybersecurity

In its own wordshigh technologysoftwaremicroelectronicsphotonicsmedical devicesdeep tech

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22portfolio companies
2funding rounds on record
0rounds, last 12 months
$5M to $20Mtypical round it comes in at
Seedmost frequent entry
30 million €latest fund2007

Bullnet Capital lists 22 checked portfolio companies on its own site and is named in 2 funding rounds. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are AI & Machine Learning (26%), Healthcare & Biotech (17%) and Cybersecurity (17%). 86% of its companies are based in Spain. It invests most often alongside Armilar Venture Partners, Axon Partners Group and CRB Health Tech.

Counts come from funding rounds that name Bullnet Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Bullnet Capital's whole history. Rounds on record name 2 companies; its own site lists 22. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round

Bullnet Capital does not state its stages on its site, so only what it does is shown.

Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed50%
Series A0%
Series B0%
Growth50%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'2520
'2600

Investor profile

percentile among all firms
Portfolio size: 22 companiesRecent activity: 0 rounds in 12 monthsEarly stage: 50% of entries at pre-seed or seedEvidence: 9% of companies confirmed by a roundSector focus: 26% in its largest sectorReach: 3 countriesPortfolio size55th pctRecent activity46th pctEarly stage73th pctEvidence75th pctSector focus37th pctReach58th pct
This firmMedian of all firms
Show as a table
Bullnet Capital compared with all firms
MeasurePercentile of all firmsValue
Portfolio size55th22 companies
Recent activity46th0 rounds in 12 months
Early stage73th50% of entries at pre-seed or seed
Evidence75th9% of companies confirmed by a round
Sector focus37th26% in its largest sector
Reach58th3 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning26%18%
Healthcare & Biotech17%15%
Cybersecurity17%4%
Industrial & Manufacturing14%7%
Consumer6%3%
Enterprise Software6%8%
Gaming3%1%
Fintech3%12%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Armilar Venture Partners1
Axon Partners Group1
CRB Health Tech1
Criteria Bio Ventures1
Criteria Venture Tech1
Draper B11
FONGIT1
Grow Venture Partners1

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers22100%
  • No longer answers00%
  • Points to another company00%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Compare Bullnet Capital head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
Bullnet Capital II2007 · "30 million €" on its site
Bullnet Capital I2002 · "20 million €" on its site
INNVIERTE SCIENCETECH BULLNET CAPITAL IV, FCREEuVECA fund registered with CNMV, ESMA register

Recent portfolio activity

when companies last raised with Bullnet Capital
DateCompanyStage
17 Jul 2025Bioherent, S.L.bioherent.comSeed
18 Feb 2025Wooptixwooptix.comSeries C+

Round details for Bullnet Capital

Amounts, full round histories and every co-investor in Bullnet Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

22 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
2eyesVision2eyesvision.com · Spain2EyesVision creates, develops and markets innovative technologies in ophthalmology
Healthcare & Biotech
Portfolio page
AGPhotonicsag-photonics.com · SpainAGPhotonics develops and manufactures photonic integrated circuits for secure optical wireless links
AI & Machine LearningCybersecurity
Portfolio page
ANYVERSEanyverse.aiAnyverse creates physics-based synthetic data for training and validating physical AI models
AI & Machine LearningRobotics & Hardware
Portfolio page
Bioherent, S.L.bioherent.com · SpainBioherent develops next-generation biosensing solutions to transform diagnostics
Healthcare & Biotech
Jul 2025SeedPage + round
Bitsphibitsphi.com · SpainBitsphi creates EEG-powered solutions based on brain connectivity patterns to transform the standard of neurodiagnosis
Healthcare & Biotech
Portfolio page
Deep Detectiondeepdetection.tech · SpainDeep Detection develops and provides spectral X-ray cameras for industry
Industrial & Manufacturing
Portfolio page
Digital Legendsdigital-legends.com · SpainDigital Legends Entertainment crafts legends and contributes to game development, including Call of Duty titles
Enterprise SoftwareGaming
Portfolio page
Enthecenthec.comEnthec provides cyber-surveillance solutions for companies
Cybersecurity
Portfolio page
FYLAfyla.com · SpainFYLA develops and manufactures ultrafast photonics solutions, including lasers, inspection systems, and optical communications systems
Industrial & ManufacturingHealthcare & Biotech
Portfolio page
Inmersiainmersia.com · SpainInmersia develops next-generation AR displays based on proprietary technology.
ConsumerIndustrial & Manufacturing
Portfolio page
LeanXcaleleanxcale.comLeanXcale provides a SQL database to accelerate and scale applications
FintechDeveloper Tools
Portfolio page
Leapwaveleapwavetech.comLeapWave Technologies develops and licenses technology for high-bandwidth interconnections
Industrial & ManufacturingConsumer
Portfolio page
Mapsi Photonicsmapsiphotonics.com · SpainMapsi Photonics designs and manufactures infrared filters and windows for various industries, including safety and mobility, industrial and environmental, and aerospace
AI & Machine LearningAI & Machine Learning
Portfolio page
MLCodemlcode.io · SpainMLCode creates and deploys AI agents that connect to businesses
AI & Machine Learning
Portfolio page
Multiwave Technologiesmultiwave.ch · SwitzerlandMultiwave Technologies develops and produces an ultra-low field mobile MRI device for diagnostic and preventive care.
Healthcare & Biotech
Portfolio page
Oncovisiononcovision.com · SpainOncovision is a leading provider of innovative medical imaging devices used by surgeons, radiologists, oncologists and nuclear physicians for the diagnosis and treatment of cancer.
Healthcare & Biotech
Portfolio page
Qusidequside.comQuside develops quantum technologies for secure connectivity and efficient computing
CybersecuritySpace & Defense
Portfolio page
UAV Navigationuavnavigation.comUAV Navigation develops and manufactures autopilots and other flight control solutions for unmanned aerial vehicles (UAVs) and unmanned surface vehicles (USVs)
AI & Machine LearningAI & Machine Learning
Portfolio page
Viewtinetviewtinet.comViewtinet provides network monitoring, log management, and traffic control solutions for computer networks.
Enterprise SoftwareCybersecurity
Portfolio page
Visurevisuresolutions.comVisure provides requirements management software and tools
AI & Machine LearningCybersecurity
Portfolio page

About this data

site last read 5 Nov 2026
The homepage of Bullnet Capital, as last read
bullnetcapital.com as VCinfo last read it
Site
bullnetcapital.com
Last read
5 Nov 2026
Watching since
6 Nov 2026
Rounds since
18 Feb 2025
Companies checked
22

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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