Masia, a €20M angel fund based in Barcelona, has been launched today. The fund was founded by VC investor Carlos Trenchs and Pepe Borrell in September 2024.
Masia aims to support Barcelona’s role in the European tech sector by linking local founders with investors and integrating international founders based in the city into the local network.
Masia Fund targets key moment
Masia mentions in a statement that Barcelona is experiencing a shift in its tech sector. Local founders are exiting companies and seeking to reinvest or launch new ventures.
The city is seeing more international founders and developers, with two-thirds of tech startups in 2024 having at least one founder from outside the country. Investors from other regions are seeking local co-investors to enter the early-stage ecosystem.
Masia aims to meet this demand by serving as a connector within the ecosystem. The firm began investing in September and has backed nine startups in collaboration with over 20 international Micro VCs and emerging fund managers.
Masia mentions. “We’ve proudly backed the teams at Fermat, BIORCE, Zymvol Biomodeling, Capably, IMA Health, Oliva, CareerOS, Spock and Galtea, which shows we were right: Barcelona tech founders are now more international than ever before, and are supported by international specialised VCs and emerging fund managers.”
Masia has also co-invested with a range of specialised Micro VCs and emerging fund managers, including Moonfire, OUTSIZED VENTURES, Übermorgen Ventures, Sarah Drinkwater, Lunar Ventures, MSM Fund (Mustard Seed Maze), YZR Capital, Nina Capital, and Concept Ventures.
These investors are part of a new generation wave of fund managers being established across Europe, contributing to early-stage startup funding.
What to expect from the angel fund?
Masia will invest €20M over the next two years in 60 pre-seed and seed-stage startups. Its focus is to support tech talent based in Barcelona and connect them with broader opportunities across Europe and other regions.
Masia is structured as a collective of founders and funders with ties to Barcelona. Its Limited Partners include individuals who have built, grown, and exited tech companies.
Advisors Elisenda Bou-Balust, Philippe Gelis, Albert Nieto Riera, and Albert Castells support the fund by helping identify founders and offering guidance and networks. The group contributes capital as well as assists startups throughout their development.
In the coming weeks, Masia will announce additional investments and highlight stories from founders building companies in Barcelona. The fund invites founders based in the city or from Barcelona living abroad to connect.
According to its website, the Barcelona fund invests between €125,000 and €250,000 at pre-seed and seed stages. The fund does not lead funding rounds or join boards, but provides support to startups from the start.
Brief about Aldea Ventures
Aldea Ventures targets technologies that aim to reshape the economy responsibly. The firm sees opportunity in Europe’s growing tech hubs and network.
Its strategy centres on partnerships with MicroVCs, which provide resources such as operational expertise and industry knowledge to early-stage companies. Through these partnerships, Aldea gains access to market data and co-invests in promising startups across Europe and the US.
Europe remains Aldea’s primary focus, with selective investments in the US. The firm supports European fund managers who excel locally and have connections in the US. This allows Aldea to invest in seed-stage companies in Europe while maintaining some exposure to US growth-stage opportunities.
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