# Enagas Emprende

Enagas Emprende is a Private Equity based in Madrid, Spain.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** emprende.enagas.es
- **LinkedIn:** https://www.linkedin.com/company/enag%c3%a1s-emprende

## Regulatory record

- **Reports private funds:** No

## About

Enagas Emprende is a corporate venture arm of Enagás, focused on investing and accelerating projects to drive energy transition. They provide support and resources to startups, including smart money, equity, and access to their network and expertise. Enagas Emprende is based in Madrid, Spain.

## Sectors

- Energy Transition & Renewables
- Gases renovables
- Eficiencia Energética
- Digitalización
- Sostenibilidad

## People

- Arturo Gonzalo — CEO Enagás
- Antonio Llardén — Presidente de Enagás

## Questions

### Who runs investment decisions at Enagás Emprende?

Investment decisions flow from the corporate leadership of Enagás. Arturo Gonzalo, CEO of Enagás, and Antonio Llardén, President of Enagás, set the strategic direction for the venture program. Day-to-day origination and portfolio support are handled by a dedicated corporate-venture team, but the firm has not publicly named a separate CIO or managing director for Enagás Emprende.

### Is Enagás Emprende a standalone fund or a corporate venture arm?

It functions as a corporate venture arm rather than a standalone, third-party fund. The program is embedded within Enagás, Spain's TSO and future hydrogen-network operator, and uses the parent's balance sheet to make equity investments and provide loans. It does not solicit outside limited partners or manage commingled capital.

### Which sectors does Enagás Emprende explicitly avoid?

The mandate is tightly scoped to the energy transition and decarbonisation. The firm focuses on renewable gases, energy efficiency, digitalisation, and sustainability, and has not indicated interest in sectors outside that perimeter, such as consumer technology or healthcare.

### What is Enagás Emprende's relationship to the parent company's hydrogen ambitions?

Enagás has been designated the provisional operator of Spain's troncal hydrogen network under Royal Decree-law 8/2023. Enagás Emprende acts as the innovation funnel for that mandate, investing in and accelerating startups whose technologies can be validated on Enagás' gas infrastructure and eventually serve the hydrogen economy.

## Related profiles

- [Enabling Future](https://altss.com/profile/enabling-future)
- [ENA Venture Capital](https://altss.com/profile/ena-venture-capital)

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Last updated: 2026-07-10T23:00:00.000Z

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