Acurio Ventures

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Status

ACTIVE

Global HQ

Bilbao, Spain

Countries of investment

Spain
France
Germany
United Kingdom
Netherlands
Portugal
Austria
Finland
Ukraine
Italy
Ireland
Sweden
Denmark
United States
Brazil
Mexico

Investment stages

Pre-Seed
Seed
Series A
Series B

Industries

B2B Software
Consumer Products
Energy
Biotechnology
Travel Tech
Fintech
Health Tech
Enterprise Software
E-Commerce
PropTech
Logistics

About
Acurio Ventures is a Bilbao-based venture capital firm focused on backing European early-stage technology founders. Their focus spans SaaS, consumer, energy, biotech, travel, and fintech across Spain, France, Germany, United Kingdom, Netherlands, Portugal, Austria, Finland, Ukraine, Italy, Ireland, Sweden, Denmark, United States, Brazil, and Mexico. The firm supports tech founders from pre-seed through Series B stages.

Min check size: $320K
Max check size: $3.2M
Fund size: Unlock
NPS: Unlock

Investment Thesis

Acurio Ventures is a pre-seed to Series B stage venture capital firm deploying capital across SaaS, consumer products, energy, biotech, travel, fintech, healthtech, and enterprise software sectors. They invest up to €3M as co-investor or lead in early-stage European technology companies with strong unit economics and capital-efficient business models. The firm differentiates itself through founder Ander Michelena's operational track record scaling Ticketbis (acquired by eBay), €450M AUM across five investment vehicles including direct funds, fund-of-funds, and secondaries, and offices across Bilbao, Madrid, Barcelona, and London.

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Manager's Experience

Founded in 2018 by Ander Michelena (Founding Partner) and Jon Uriarte (Founding Partner), operators who previously co-founded Ticketbis (secondary ticketing marketplace, acquired by eBay in 2016) which they scaled globally. Team of 12+ investment professionals across offices in Bilbao, Madrid, Barcelona, and London. Rebranded from All Iron Ventures in 2024. Manages €450M AUM across five investment vehicles: three direct investment funds, one fund-of-funds, and one secondaries fund (Acurio Secondaries I FCR closed at €115M in July 2026). Portfolio includes 120+ startups such as Preply, Refurbed, Seedtag, Jobandtalent, Indexa Capital, Lingokids, Voy, Barkyn, Paul Camper, Kodit, Rebag, and Zenklub, plus 20 European VC fund investments.