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The Venture Codex

Bonsai Partners

Calle de Zurbano, 76, 8th Floor, Madrid, 28010, Spain

Overview

Venture capital firm investing in European tech startups.

Founded

2018

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Seed
Series A

Geographic focus

Austria
Germany
Italy
Spain
...

Sector focus

—

Investment portfolio

37rounds
NAMEDATESIZE
RepScan
Jan 2026Participated
$4 MOther Equity
Lookiero
Jan 2026Participated
$20 MOther Equity
Rail-Flow
Dec 2025Led
$15 MSeries A
Kimera Technologies
Dec 2025Participated
$2 MSeed
Solfy
Sep 2025Led
$5 MOther Equity
VIVLA
Jul 2025Participated
$9 MOther Equity
TaxDown
Apr 2025Led
$5 MOther Equity
flowww
Mar 2025Led
$5 MOther Equity
PassEntry
Mar 2025Led
$7 MOther Equity
RepScan
Feb 2025Participated
$4 MSeries A
WorkerHero
Jul 2024Participated
$4 MSeries A
Dubme
Jun 2024Participated
$1 MSeed
RepScan
Jan 2026Participated
$4 MOther Equity
Lookiero
Jan 2026Participated
$20 MOther Equity
Rail-Flow
Dec 2025Led
$15 MSeries A
Kimera Technologies
Dec 2025Participated
$2 MSeed
Solfy
Sep 2025Led
$5 MOther Equity
VIVLA
Jul 2025Participated
$9 MOther Equity
TaxDown
Apr 2025Led
$5 MOther Equity
flowww
Mar 2025Led
$5 MOther Equity
PassEntry
Mar 2025Led
$7 MOther Equity
RepScan
Feb 2025Participated
$4 MSeries A
WorkerHero
Jul 2024Participated
$4 MSeries A
Dubme
Jun 2024Participated
$1 MSeed
37
Items
...
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Insights

Time horizon

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Deal Distribution

Bonsai Partners: 37 funding rounds are recorded in the selected participation categories.All available history.
Bonsai Partners: 37 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed16
Series A17
Series B04
Series C+02
Other Equity58
Debt12

Monthly Deal Activity

Bonsai Partners: 37 deals are recorded across 93 months.All available history.
Bonsai Partners: 37 deals are recorded across 93 months. All available history
MonthDeals
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '201
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '213
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '222
Apr '220
May '220
Jun '220
Jul '222
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '232
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '242
Jun '241
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '252
Apr '251
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '252
Jan '262
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Bonsai Partners: Enterprise Software is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Bonsai Partners: Enterprise Software is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Enterprise Software10
E-Commerce & Retail8
Fintech5
Real Estate & Construction4
Transportation & Logistics4
Consumer & Lifestyle4
Professional Services4
Travel & Hospitality3
Networks, Cloud & Communication3
Hardware & Robotics3
AI & Machine Learning3
Education & Workforce2
Crypto & Blockchain2
Marketing & Advertising2
Gaming & eSports2
Social & Community Platforms2
Cybersecurity & Privacy1
Space & Frontier Tech1
Media & Entertainment1

Deal Size Distribution

Bonsai Partners: 37 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Bonsai Partners: 37 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M6
$10M-$25M7
$25M-$50M3
$50M-$100M3
$100M-$250M1
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Bonsai Partners: Europe has the largest recorded deal count among the displayed regions (35 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Bonsai Partners: Europe has the largest recorded deal count among the displayed regions (35 deals). All available history
RegionDeals
Europe35
United States1
081911
Bonsai Partners: 20 co-investors are shown, with All Iron Ventures sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Bonsai Partners: 20 co-investors are shown, with All Iron Ventures sharing 6 recorded deals. All available history
Co-investorShared deals
All Iron Ventures6
Kibo Ventures6
10x Founders4
K Fund4
360 Capital Partners3
Aldea Ventures3
Inveready3
Project A3
Sabadell Venture Capital3
Swanlaab Venture Factory3
10x2
Actyus2
Adara Ventures2
Addendum Capital2
Almaz Capital2
Amplifier2
BStartup2
Evli Growth Partners2
FJ Labs2
Goldman Sachs2

Investment Strategy

Bonsai Partners: Led accounts for 22% and participating for 78% of round participation.All available history.
Bonsai Partners: Led accounts for 22% and participating for 78% of round participation. All available history
CategoryDeals (count)Share (%)
Led822%
Participating2978%
Bonsai Partners: Single-lead accounts for 38% and co-led for 63% of lead dynamics.All available history.
Bonsai Partners: Single-lead accounts for 38% and co-led for 63% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead338%
Co-led563%

Team

Albert Llobet

Associate

Andrés de la Morena

Managing Partner

Belén Calderon

CFO

Cristina Maestre

Investment Manager

Jaime Ruiz

Investment Manager

Javier Cebrián Monereo

General Partner

Juan Teijeiro

Managing Partner

Martí Escursell

Managing Partner