Bynd Venture Capital, a key player in Iberian venture capital, has launched its third fund, valued at €40 million, to support Pre-Seed and Seed-stage tech startups in Portugal and Spain. This new investment vehicle aims to combine profitability with societal impact by focusing on companies aligned with ESG criteria.
Focus on sustainability and diversity
Fund III targets strategic sectors such as artificial intelligence, software, consumer goods, and sustainable technologies. Bynd prioritizes companies led by diverse teams and committed to creating a positive global impact.
By tracking ESG indicators, the fund seeks to enhance transparency and the social performance of its investments while equipping entrepreneurs with the tools they need to scale their businesses.
A regional approach with global reach
Since its inception in 2010, Bynd has built a strong network with over 60 regional investments and a platform connecting 400 partners and 70 active founders. The new fund plans to make approximately 40 investments, evenly split between Pre-Seed and Seed stages, with additional reserves for follow-on funding rounds.
To support its ambitions, Bynd has strengthened its local presence in Spain by hiring Gerard Adell in Barcelona and Alvaro Garcia in Madrid.
A diverse base of investors
Fund III’s backers include institutional players such as Fond-ICO and Caixa Capital, industrial groups like Nors, family offices, and founders of previously supported startups. This diverse mix reflects Bynd’s commitment to leveraging local resources for global impact.
A transforming ecosystem
With this new fund, Bynd Venture Capital aligns itself with the growing trend of responsible investment in Europe, where sustainability and diversity are becoming strategic pillars. This initiative reinforces the role of the Iberian Peninsula as an innovation hub capable of attracting talent, capital, and breakthrough technologies.
