# Santander

Santander is a Bank / Wealth / Trust based in Madrid, Spain.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 1857
- **Assets under management:** Undisclosed
- **Website:** santander.com
- **LinkedIn:** https://es.linkedin.com/company/banco-santander
- **Wikidata:** Q12233

## Regulatory record

- **CRD number:** 143883
- **SEC file number:** 801-68002
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/143883

## About

Santander is an SEC-registered investment adviser in Madrid, registered since 2007. The firm manages $159.9 billion in assets, $135.4 billion on a discretionary basis. It has 231 employees and 118 investment advisers.

## Sectors

- FinTech
- Enterprise Software

## People

- Ana Botín — Executive Chair

## Questions

### Who runs investment decisions for Santander's venture operations?

Strategic venture investments are governed by the group executive committee under Executive Chair Ana Botín, with day-to-day investment decisions delegated to the dedicated venture team operating from Madrid, London, and São Paulo. The team operates with significant autonomy but prioritizes startups that align with the bank's core technology roadmap. Portfolio companies are selected for their ability to integrate into Santander's existing digital infrastructure.

### How does Santander source proprietary deal flow?

Santander leverages its operational footprint across Europe and the Americas, sourcing deal flow through the bank's internal procurement needs, digital transformation initiatives, and relationships with co-investors. The venture team runs an active scouting program that identifies startups solving specific friction points within Santander's retail and commercial banking divisions. This internal-demand-driven sourcing is supplemented by conventional venture networks in London, Madrid, and Silicon Valley.

### Is the venture arm structured as a traditional VC fund or something else?

It operates as a hybrid. Mouro Capital was formed in 2020 as a dedicated $400 million fund vehicle with external LPs, while Santander also maintains a direct balance-sheet investment capability for strategic fintech positions. This dual structure gives the bank flexibility to make long-term, strategic bets alongside more conventional fund-return-driven investments.

### Which geographies matter most for Santander's venture investing?

Santander invests primarily in startups headquartered in or serving its core banking markets: Spain, the United Kingdom, Brazil, Mexico, and the United States. The firm maintains investment professionals in Madrid, London, and São Paulo, and looks for companies capable of scaling across its full Atlantic-market footprint.

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Last updated: 2026-06-03T20:00:00.000Z

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