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Bullnet Capital

Paseo del Club Deportivo 1, Edificio 3, Parque Empresarial La Finca, Pozuelo de Alarcón, Madrid, 28223, Spain

Overview

Venture capital firm specializing in early-stage technology investments.

Founded

2001

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

Spain

Sector focus

Venture Capital

Investment portfolio

10rounds
NAMEDATESIZE
FlexilC
May 2026Led
$2 MOther Equity
Bioherent
May 2026Participated
$0.33 MOther Equity
Impetux
May 2026Led
$3 MOther Equity
Mapsi Photonics
Apr 2024Led
$2 MOther Equity
wooptix
Jul 2023Participated
$14 MSeries B
Quside
Jul 2023Participated
$11 MOther Equity
Enthec Solutions
May 2023Participated
$1 MOther Equity
ANYVERSE
Apr 2020Led
$3 MOther Equity
LeanXcale
Mar 2017Led
$0.54 MOther Equity
wooptix
Aug 2016Led
$3 MSeries A
FlexilC
May 2026Led
$2 MOther Equity
Bioherent
May 2026Participated
$0.33 MOther Equity
Impetux
May 2026Led
$3 MOther Equity
Mapsi Photonics
Apr 2024Led
$2 MOther Equity
wooptix
Jul 2023Participated
$14 MSeries B
Quside
Jul 2023Participated
$11 MOther Equity
Enthec Solutions
May 2023Participated
$1 MOther Equity
ANYVERSE
Apr 2020Led
$3 MOther Equity
LeanXcale
Mar 2017Led
$0.54 MOther Equity
wooptix
Aug 2016Led
$3 MSeries A
10
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Insights

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Deal Distribution

Bullnet Capital: 10 funding rounds are recorded in the selected participation categories.All available history.
Bullnet Capital: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Series B01
Other Equity53

Monthly Deal Activity

Bullnet Capital: 10 deals are recorded across 123 months.All available history.
Bullnet Capital: 10 deals are recorded across 123 months. All available history
MonthDeals
Aug '161
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '232
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '263
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Bullnet Capital: Hardware & Robotics is the largest displayed sector by deal count (6 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.

Bullnet Capital: Hardware & Robotics is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Hardware & Robotics6
Manufacturing3
Data, Analytics & IT3
Space & Frontier Tech3
Enterprise Software2
Cybersecurity & Privacy2
Health & Life Sciences2
AR/VR2
AI & Machine Learning1
Transportation & Logistics1

Deal Size Distribution

Bullnet Capital: 10 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.

Bullnet Capital: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Bullnet Capital: Europe has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Bullnet Capital: Europe has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Europe9
United States1
Bullnet Capital: 18 co-investors are shown, with Intel Capital sharing 2 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.

Bullnet Capital: 18 co-investors are shown, with Intel Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Intel Capital2
ACE 531
Archip Next1
Caixa Capital Risc1
CDTI1
CDTI Innvierte1
Conexo Ventures1
Danobatgroup1
Demium Capital1
Draper B11
EIC Fund1
Fagor Automation1
Institut Catal de Finances1
Inveready1
Mondragon1
SCR Pyme1
TechVision Fund1
TRUMPF Venture1

Investment Strategy

Bullnet Capital: Led accounts for 60% and participating for 40% of round participation.All available history.
Bullnet Capital: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led660%
Participating440%
Bullnet Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Bullnet Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead467%
Co-led233%

Team

Carmen Arenzana

Finance Director

Javier Ulecia

Founding Partner

Jorge Fernández

Investment Analyst

José Luis Gómez

Investment Manager

Miguel Del Canizo

Partner