Acurio Ventures
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These guys are the real deal - actual operators turned investors, not MBA consultants playing VC. Ander's Ticketbis exit gives him serious founder cred, and their 50-company-per-fund model means they spread risk but also means less attention per company. The Spanish market focus is smart but limiting - they're big fish in a smaller pond. Their 3-10% equity stakes signal they're usually following, not leading, which can be good for founders who want less dilution but bad if you need a champion. Their first fund already returned initial capital with 40%+ IRR and second fund is top quartile, so they know how to pick winners and get liquidity.
- —Best for: European founders wanting experienced operators who've been in their shoes
- —Watch out for: They do 50+ investments per fund so individual attention may be limited
- —Known for: Quick decisions, founder-friendly approach, and strong track record of exits
Acurio operates with a generalist thesis, investing across the whole of Europe, focusing mainly on startups with marketplace, subscription and e-commerce business models, with a preference for capital-efficient, revenue-driven companies located in both Europe and the Americas.
Primarily invests in Series A round in Spain based startups, with a diverse portfolio in Enterprise Applications, High Tech, Vertical SaaS, FinTech and HealthTech, having invested in 11 Tech companies, 8 Enterprise (B2B) companies, 8 Software companies and at least 5 companies focusing on Saas. Their unique model involves doing 50 companies per fund instead of the typical 20, taking equity stakes of between 3% and 10%.
Started at Morgan Stanley in M&A before founding Ticketbis in 2009, scaling it to 400+ employees and ~€100M revenues before eBay acquired it for €16.5M in 2016. After running international at StubHub, he launched multiple startups including Libere (200+ employees) and Aplanet (€1.5M ARR SaaS).
Previously worked at Mercapital, a leading Spanish private equity firm where he participated in acquisitions and opened the Brazil office, and began his career as a strategic consultant at Palladium/Monitor Group. Part of the project since its launch in 2018.
Built his own path in VC before starting Acurio in early 2018, initially building his angel portfolio, launching a venture builder and raising his first fund, and previously worked at Mercapital private equity firm. Part of the project since its launch in 2018.
Just before joining in 2022, was UK CEO of Jobandtalent (Spain's main unicorn), where she grew revenue 80x in four years to €40M/month, leading a team of 500 people. Previously CEO of Glossybox for Rocket Internet, co-founder of The Continental Pantry, and worked at Goldman Sachs private equity and Credit Suisse wealth management.
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