Bonsai Partners

Quick read

Bonsai Partners is a venture capital firm founded in 2001, headquartered in Madrid, Spain. It backs European tech startups across pre-Series A to Series D, mixing primary and secondary deal structures — a relatively rare combination in the Spanish VC market. Ranked #1 in Dealroom's 2026 Power Law Investor Ranking for Spain, with 2 unicorns and 8 power-law outcomes across its portfolio.

Key facts

Founded

2001

Employees

10

Sectors

saas, marketplace

Website

bonsaipartners.eu

Investment thesis

Bonsai Partners invests multistage — Seed through Series D — in European tech startups, with a focus on SaaS and marketplaces. It combines primary and secondary capital deployments to access high-growth companies at multiple entry points, targeting Spain and the broader European market on a roughly 50/50 split.

Recent activity

• Jan 2026investment
  Bonsai Partners participated in Lookiero Outfittery Group's €17M Series C round to boost growth and reinforce its AI strategy. crunchbase.com
• Feb 2025investment
  PassEntry raised a round with Bonsai Partners participating, as the London firm looks to expand globally. tracxn.com
• Jul 2024investment
  Bonsai Partners co-invested in Munich-based WorkerHero's €4M round alongside Mediahuis and 10x Founders. WorkerHero uses AI to address skills shortages. tracxn.com
• Apr 2024investment
  Bonsai Partners joined a $3.2M round in Web3 gaming startup GFAL (Games for a Living), alongside Supercell and Mitch Lasky. tracxn.com
• Jan 2024investment
  Bonsai Partners backed Remuner, a Barcelona-based sales compensation platform, in a €2M round alongside Pear VC, Wayra, and Enzo Ventures. tracxn.com
• Jan 2026investment
  Bonsai Partners participated in RepScan's €3.5 million funding round, reported as a $4.1M Other Equity deal — the firm's most recent tracked deal. tracxn.com
• Jan 2026investment
  Bonsai Partners joined the €17 million round for Lookiero Outfittery Group, alongside Acurio Ventures and 10x Group, to back the fashion subscription platform's growth. tracxn.com
• Jul 2025investment
  Bonsai Partners co-invested in Vivla's €8 million round led by Samaipata, alongside Extension Fund and other backers. tracxn.com
• Mar 2025investment
  Bonsai Partners led a €10 million round for Gaiarooms. tracxn.com
• Feb 2025investment
  Bonsai Partners backed PassEntry alongside Acurio Ventures, as the London-based firm raised funds targeting global expansion. tracxn.com
• Unknowninvestment
  Bonsai Partners invested in Boopos (Fund II), joining Juan Ignacio García Braschi and the Boopos team. linkedin.com
• Unknowninvestment
  Bonsai Partners invested in Abacum alongside Visionaries Club, Plus Partners, and 2100 Ventures, backing co-founders Julio Martínez and Jorge Lluch. linkedin.com

Notable investments

• Lookiero Outfittery GroupSeries CJan 2026crunchbase.com
• PassEntryUnknownFeb 2025tracxn.com
• WorkerHeroSeedJul 2024tracxn.com
• GFAL (Games for a Living)SeedApr 2024tracxn.com
• RemunerSeedJan 2024tracxn.com
• RepScanOther EquityJan 2026startupintros.com
• VivlaUndisclosedJul 2025tracxn.com
• GaiaroomsUndisclosedMar 2025tracxn.com
• PassEntryUndisclosedFeb 2025tracxn.com
• BooposUnknownUnknownlinkedin.com
• AbacumUnknownUnknownlinkedin.com
• SignaturitSeries AUnknownstartupxplore.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Juan Teijeiro · General Partner
• Marcel Rafart · Founder & Managing Partner
• Sergio Pérez · Partner

Sources

• Bonsai Partners — Official Website
• Bonsai Partners investment portfolio — PitchBook
• Bonsai Partners — Dealroom investor profile
• Bonsai Partners — Crunchbase
• Bonsai Partners — OpenVC fund profile
• Bonsai Partners — RocketReach
• Bonsai Partners — TTR Data
• https://www.linkedin.com/in/juanteijeiro/
• https://www.linkedin.com/in/andr%C3%A9s-de-la-morena-b351b8/
• https://tracxn.com/d/venture-capital/bonsaipartners/__sAHGP6k9iQGZ4Q9mT-bNYGtbdP5GyvSk5VEAKWCvUYs
• https://tracxn.com/d/private-equity/bonsai-partners/__UKbNa4DuYNupJmw25gEXDoJtO-Vsr5PRySDt0yW4uQU
• https://www.crunchbase.com/organization/bonsai-partners/news_and_analysis
• https://tracxn.com/d/venture-capital/bonsai-partners/__sAHGP6k9iQGZ4Q9mT-bNYGtbdP5GyvSk5VEAKWCvUYs

Other VCs in Spain

• Seaya Ventures · Multi-stage VC, Madrid·
• Kibo Ventures · Multi-stage VC, Madrid·
• K Fund · Early-stage VC, Madrid·
• JME Ventures · Early-stage VC, Madrid·
• Samaipata · Early-stage VC, Madrid + Paris·
• Nauta Capital · B2B VC, Barcelona + London

Explore VCs by sector

• SaaS in Spain
• Marketplace in Spain

Globally

• SaaS worldwide
• Marketplace worldwide

Frequently asked