Sabadell Venture Capital

Executive Director Julio Martínez leads the investment team at Sabadell Venture Capital. The unit operates within Banco Sabadell's corporate structure, with Martínez overseeing deal sourcing, execution, and portfolio management. Investment committee decisions ultimately roll up through the bank's governance framework rather than through an independent partnership structure typical of standalone venture firms.

Sabadell Venture Capital is a fully integrated corporate venture capital unit of Banco Sabadell, not a separate legal entity or independently raised fund. The bank provides the investment capital directly from its balance sheet, which means the unit does not raise external limited partner commitments. This structure aligns investment decisions with the bank's strategic priorities — fintech, insurtech, and enterprise software that intersect with financial services distribution.

The firm typically co-invests alongside other venture capital managers rather than leading rounds exclusively. Sabadell Venture Capital participates in syndicates with both Spanish corporate investors and international VCs, bringing the parent bank's distribution channel as a strategic asset. Portfolio companies gain access to Banco Sabadell's customer base across Spain, which functions as a commercial partnership layer on top of the financial investment.

Sabadell Venture Capital invests from seed through Series B, with initial check sizes ranging from approximately €500,000 to €2 million. The firm reserves capital for follow-on rounds in existing portfolio companies. The stage focus covers early-stage startups with initial market traction through to growth-stage companies seeking expansion capital, predominantly in Europe with selective Latin American exposure.

The firm concentrates on fintech, insurtech, enterprise software, proptech, cybersecurity, and AI/ML — sectors that directly intersect with Banco Sabadell's core banking operations. Portfolio examples include Bdeo (AI-driven insurance technology), Cobee (employee benefits fintech), and Creditas (secured lending in Brazil), demonstrating a consistent focus on technology that enhances or disrupts financial services distribution.

Deal flow comes through three primary channels: the bank's existing commercial relationships with technology companies and entrepreneurs, direct inbound from the Spanish and broader European startup ecosystem, and syndicate partnerships with co-investing venture firms. The unit's position inside a major Spanish bank gives it visibility into fintech and enterprise software companies that are actively seeking regulated distribution partners in Southern Europe.

The primary focus is Spain and broader Europe, with selective exposure to Latin America through Banco Sabadell's historical commercial ties to the region. Portfolio company Creditas, headquartered in São Paulo, Brazil, represents the Latin American dimension. The geographic remit reflects the bank's retail and SME footprint — the strongest distribution advantage lies within Spain, where the bank maintains millions of customer relationships.