Clave Capital

Clave Capital is a Pamplona-based independent venture capital firm founded in 2002, specializing in early-stage and technology transfer investments across healthtech, biotech, medtech, eHealth, nutrition, foodtech, industrial innovation, and renewable energy. The firm invests primarily in Spain-based startups at Seed, Late Seed, and Early Growth stages, with typical check sizes up to €5M. Clave manages multiple funds, including the Clave Innohealth Fund (an €80M vehicle dedicated to health-related sectors), the Mondragón Promotion Fund II, and CM Solar II. With a portfolio of over 66 companies, Clave emphasizes close collaboration with founding teams and the broader innovation ecosystem. Notable portfolio companies include Multiverse Computing, BCN3D, and Connecta Therapeutics.