Early-stage VC, Barcelona
Caixa Capital Risc
Venture capital firm · Barcelona · Founded February 2002
Quick read
Caixa Capital Risc is a Barcelona-based VC firm founded in 2002, operating as the venture capital arm of CriteriaCaixa. It backs early-stage companies across life sciences, enterprise tech, and industrial technology, primarily in Spain and Portugal, with over 200 investments to date. Its two evergreen funds — Criteria Bio Ventures and Criteria Venture Tech — now anchor its biotech and B2B SaaS strategies respectively.
Key facts
- Founded
- February 2002
- Employees
- 62
- Sectors
- biotech, enterprise, healthcare, ai, hardware
- Website
- caixacapitalrisc.es
Investment thesis
Caixa Capital Risc backs early-stage companies (seed through Series B) in life sciences, enterprise tech, and industrial technology, primarily in Spain and Portugal. Its two evergreen vehicles — Criteria Bio Ventures and Criteria Venture Tech — focus on biotech/biopharma and B2B SaaS/deep tech respectively, with check sizes typically between €500K and €5M.
Recent activity
- Jul 2026productCaixa Capital Risc rebranded as Criteria Capital Risc under CriteriaCaixa's 2030 Strategic Plan. The rename carries no structural changes to the firm or its portfolio. criteriacaixa.com
- Jul 2026fundraiseCriteriaCaixa announced a target of €300 million in investments by 2030, deployed through two evergreen funds: Criteria Bio Ventures (biotech/life sciences) and Criteria Venture Tech (technology). Primary focus remains Spain and Portugal, with selective deals in Europe and North America. Spain currently accounts for ~70% of portfolio value. ala.associates
- Mar 2025leadershipJordi Ros appointed CEO (consejero delegado) of Caixa Capital Risc, effective 26 March 2025, approved by the Board of Directors. cbinsights.com
- 2023investmentCriteria Bio Ventures led the €27.3M Series A round for AbolerIS Pharma, a Belgian biopharmaceutical company working on treatments for autoimmune and inflammatory diseases. linkedin.com
- Jul 2022investmentCaixa Capital Risc led a €5.5M Series A round for Zinklar, a Barcelona-based market research platform, contributing a €1.7M ticket. Co-investors included EASO Ventures, Full Global Investments, and CDTI Innvierte. ala.associates
- Sep 2023investmentCriteria Bio Ventures (managed by Caixa Capital Risc) led a €27.3M Series A in AbolerIS Pharma, a Belgian biopharma developing a first-in-class immune-tolerance treatment for autoimmune diseases including rheumatoid arthritis. Sound Bioventures and Newton Biocapital co-led the round. aboleris-pharma.com
- Sep 2023investmentCaixa Capital Risc participated in a $5.2M round for Inari, a Barcelona-based insurtech firm targeting global insurance tech services. tracxn.com
- 2023investmentCriteria Venture Tech led a €3.5M round in Enline Energy Solutions, an energy infrastructure software company, to fund its global expansion. linkedin.com
- 2022investmentCaixa Capital Risc led a €5.5M Series A in Zinklar, a consumer insights automation platform, with a €1.7M ticket primarily from the Criteria Venture Tech fund. The round also included Beacon Capital, EASO Ventures, Full Global Investments, and CDTI Innvierte. zinklar.com
- 2022fundraiseCaixa Capital Risc publicly launched two new evergreen funds: Criteria Venture Tech, targeting B2B technology companies in Spain and Portugal with tickets of €500K–€2M (follow-on up to €5M), and Criteria Bio Ventures, focused on biotech and life sciences. linkedin.com
- Jul 2021investmentCaixa Capital Risc became a minority shareholder in AlgaEnergy alongside CDTI (Spanish state innovation body), backing the microalgae biotech company's capital increase to expand production, enter food and cosmetics markets, and grow internationally. global-agriculture.com
- 2021investmentCaixa Capital Risc led the sale of portfolio company Sanifit Therapeutics to Vifor Pharma for an upfront payment of €205M. Caixa Capital Risc had invested in every financing round since 2006, putting in over €23M total. ala.associates
Notable investments
- AbolerIS PharmaSeries A2023linkedin.com
- ZinklarSeries AJul 2022ala.associates
- CodeeUnknownUnknownlinkedin.com
- InariSeedUnknownzoominfo.com
- SummuS OverallSeries AUnknowntracxn.com
- InariUndisclosedSep 2023tracxn.com
- Enline Energy SolutionsUndisclosed (€3.5M)2023linkedin.com
- AlgaEnergyUndisclosedJul 2021global-agriculture.com
- Barbara IoTUndisclosed (€2.5M)Undatedstartupsreal.com
- iPronicsUndisclosed (€3.7M)Undatedstartupsreal.com
- AbolerIS PharmaSeries A (€27.3M)2024linkedin.com
- MedLumicsSeries E2024tracxn.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Carlos Trenchs · Partner
- Jordi Ros · CEO
- Marcelino Armenter · CEO, CriteriaCaixa (parent)
- Sebastián Müller · Director, Caixa Capital Risc
Sources
- Caixa Capital Risc - Tracxn Investor Profile
- Caixa Capital Risc | LinkedIn
- Caixa Capital Risc - CB Insights
- Caixa Capital Risc | Startupxplore
- Caixa Capital Risc | Private Equity International
- Caixa Capital Risc | OpenVC
- https://aboleris-pharma.com/aboleris-pharma-announces-e27-million-in-series-a-financing-to-advance-its-novel-treatment-paradigm-for-autoimmune-and-inflammatory-diseases/
- https://zinklar.com/blog/zinklar-raises-e5-5m-in-series-a-to-accelerate-global-rollout-of-its-insights-automation-platform/
- https://www.global-agriculture.com/global-agriculture/caixa-capital-risc-and-the-state-of-spain-become-shareholders-of-algaenergy-to-accelerate-the-growth-of-the-microalgae-biotech-sector/
- https://ala.associates/others/caixa-capital-risc-leads-sale-of-sanifit-therapeutics-to-vifor-pharma-with-upfront-payment-of-e205m/
- https://www.criteriacaixa.com/en/criteriacaixa-relanza-su-negocio-de-inversion-en-startups-de-base-cientifica-y-tecnologica/
- https://ala.associates/corporate/caixa-capital-risc-rebrands-as-criteria-capital-risc-and-targets-e300m-investment-volume-by-2030/
- https://www.linkedin.com/posts/caixa-capital-risc_helsinki-b2bsaas-deeptech-activity-6996769811351359488-dut-
- https://ala.associates/funding/caixa-capital-risc-leads-e5-5m-series-a-funding-round-for-zinklar/
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Frequently asked
What is Caixa Capital Risc?+
Caixa Capital Risc is a Barcelona-based VC firm founded in 2002, operating as the venture capital arm of CriteriaCaixa. It backs early-stage companies across life sciences, enterprise tech, and industrial technology, primarily in Spain and Portugal, with over 200 investments to date.
Where is Caixa Capital Risc headquartered?+
Caixa Capital Risc is headquartered in Barcelona, Spain.
When was Caixa Capital Risc founded?+
Caixa Capital Risc was founded in February 2002.
What sectors does Caixa Capital Risc invest in?+
Caixa Capital Risc focuses on biotech, enterprise, healthcare, ai, hardware. They primarily invest in these sectors.
Who is the CEO of Caixa Capital Risc?+
Jordi Ros is the CEO of Caixa Capital Risc.
How do I prepare for a meeting with Caixa Capital Risc?+
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