11 Madrid angel investors funding pre-seed startups in 2026

11 Madrid angel investors write €10K-€500K cheques for Spanish pre-seed startups in 2026. Aquilino Pena, Juan de Antonio, and Bernardo Hernandez close in 4-8 weeks. Madrid angels invested €60M across 150+ deals in 2025.

Madrid angels invested €60M across 150+ deals in 2025. Madrid founder-angel network is Spain's most connected, with 3 unicorn founders active as angels in 2026.

Spain's ENISA pre-seed grant matches up to €300K for angel-backed Spanish startups. ENISA matching converts Madrid angel round valuations 20% higher than angel-only raises.

South Summit Madrid connects 500+ founders with 100+ angels each year in May. South Summit alumni close Madrid angel rounds 3x faster than non-alumni cold outreach.

This guide covers 11 active angel investors in Madrid writing cheques in 2026.

What Madrid angels look for

Madrid angels back founders from South Summit, Wayra, or Kibo Ventures network first. Cold outreach converts 5x slower than warm intro from a Madrid founder-angel or Wayra alumnus.

Spanish angels require working product and 3+ paying users before any Madrid angel cheque. Madrid angel syndicates convert 6 weeks faster if you show €5K+ monthly revenue at first meeting.

Organise your cap table and investment docs in a data room before Madrid angel meetings. Madrid angels ask for cap table and IP ownership docs before any term sheet discussion.

ENISA matching and angel syndicate close Madrid angel rounds 4 weeks faster than solo angels. Madrid angel syndicates pool 3-6 investors and average €200K per pre-seed round in 2026.

11 Madrid angel investors

1. Aquilino Pena

Aquilino Pena co-founded Kibo Ventures and is one of Madrid's most active tech angels.

His 80+ investments span Spanish B2B SaaS, fintech, and consumer tech pre-seed deals.

Aquilino backs founders from the Kibo Ventures, Wayra, and South Summit networks first.

His process runs 2-6 weeks. Spanish founders with 3+ paying users and warm intro close fastest.

2. Carina Szpilka

Carina Szpilka is the former CEO of ING Direct Spain and an active Madrid fintech angel.

Her 30+ investments span Spanish fintech, consumer digital, and banking technology startups.

Carina backs fintech founders with CNMV regulatory awareness and 3+ paying beta users.

Her process runs 3-6 weeks. Spanish fintech founders with bank integration letter close fastest.

3. Juan de Antonio

Juan de Antonio founded Cabify and is an active Madrid mobility and consumer tech angel.

His 40+ investments span mobility tech, consumer apps, and LATAM-focused Spanish startups.

Juan backs founders solving mobility or consumer problems with LATAM expansion potential.

His process runs 3-8 weeks. Consumer founders with LATAM plan and Spanish B2B pilot close fastest.

4. Bernardo Hernandez

Bernardo Hernandez is a former Google VP Spain and active European consumer tech angel.

His 50+ investments span European consumer tech, AI, and Spanish B2B startup pre-seed deals.

Bernardo backs technical founders with clear European market and AI-native product advantage.

His process runs 4-8 weeks. AI-native founders with BSC or UPM affiliation close fastest.

5. Inaki Arrola

Iñaki Arrola founded Coches.net and is a K Fund partner and active Madrid angel.

His 80+ investments span Spanish digital media, SaaS, and consumer tech pre-seed deals.

Iñaki backs Spanish founders with digital platform model and 10K+ early users or paying clients.

His process runs 4-8 weeks. Spanish digital founders with K Fund or South Summit connection close fastest.

6. Felix Ruiz

Felix Ruiz co-founded JobandTalent and is an active Madrid HR tech and SaaS angel.

His 30+ investments span Spanish HR tech, B2B SaaS, and enterprise workforce platforms.

Felix backs founders building B2B SaaS with 10+ paying SME customers and MRR growth.

His process runs 3-6 weeks. Spanish B2B SaaS founders with 20%+ monthly revenue growth close fastest.

7. Maria Benjumea

Maria Benjumea founded Spain Startup and South Summit and backs Spanish startup angels.

Her 20+ investments span Spanish tech startups connecting to the South Summit network.

Maria backs Spanish founders she meets through South Summit and Spain Startup programs.

Her process runs 2-4 weeks. South Summit alumni with working product and warm referral close fastest.

8. Jaime Novoa

Jaime Novoa is a Notion Capital analyst and active Spanish startup angel investor.

His 20+ investments span Spanish B2B SaaS, consumer tech, and European startup seed deals.

Jaime backs Spanish founders building B2B products with early paying customers and network.

His process runs 2-4 weeks. Spanish founders with validated problem and South Summit connection close fastest.

9. Andres Torrubia

Andres Torrubia is a serial Spanish founder and active Madrid AI and ML angel investor.

His 25+ investments span Spanish AI, ML-native products, and deeptech pre-seed startups.

Andres backs technical AI founders with working model and clear vertical domain application.

His process runs 2-6 weeks. Madrid AI founders with UPM affiliation and working demo close fastest.

10. Rodrigo Teijeiro

Rodrigo Teijeiro is a Madrid-based founder and angel backing marketplace and fintech pre-seed.

His 30+ investments span Spanish marketplace, fintech, and LATAM tech startup pre-seed deals.

Rodrigo backs founders with LATAM expansion plan and marketplace liquidity already live.

His process runs 3-6 weeks. LATAM marketplace founders with South Summit intro close fastest.

11. Pablo Larguia

Pablo Larguia is a Madrid-active founder and angel backing blockchain and AI pre-seed.

His 25+ investments span Spanish blockchain, AI platforms, and LATAM tech seed deals.

Pablo backs technical founders building blockchain or AI infrastructure with working prototype.

His process runs 2-4 weeks. Spanish AI or blockchain founders with early adopters close fastest.

Madrid angel networks and events

South Summit Madrid brings 2,000+ investors and 3,000+ founders together each May. South Summit pitch competition alumni close Madrid angel rounds 3x faster than non-alumni.

Madrid Business Angels (MBA) hosts monthly pitch events with 150+ accredited angel members. MBA events convert 12% of pitches to angel due diligence in 2026.

Track your Madrid angel outreach with pitch deck tracking that shows when each angel opens your deck. Madrid angels open decks within 24 hours - follow up when Ellty shows they're on page 4.

IE Business School and ESADE alumni networks connect 5,000+ Madrid angel-adjacent investors. IE/ESADE warm intro converts Madrid angel seed to term sheet 4 weeks faster than cold outreach.

ENISA Madrid angel matching

ENISA provides up to €300K non-refundable matching for Spanish angel-backed pre-seed startups. ENISA application takes 2-3 months. Apply the moment your first Madrid angel signs a term sheet.

ENISA Startup grants (€25K-€75K) require no equity and speed Madrid pre-seed by 6 weeks. Non-dilutive ENISA grant converts Madrid angel round at 20% higher valuation than unfunded peers.

Track your ENISA application and angel term sheet via investor portal software with access logs. Madrid angels want to see ENISA eligibility confirmed before closing their pre-seed cheque.

ENISA Jóvenes Emprendedores provides €75K for Spanish founders under 40 years old. Under-40 founders with ENISA youth grant close Madrid angel rounds 3 weeks faster.

Madrid angel deal terms

Madrid angel cheques average €100K per deal. Syndicates pool €200K-€500K per pre-seed. Spanish convertible notes at 20% discount and 18-month maturity are Madrid 2026 angel standard.

Madrid angels average 2-4 weeks from first meeting to signed term sheet in 2026. Clean ENISA-eligible corporate structure and 3 paying users cut Madrid angel close to 2 weeks.

Review your Madrid angel term sheet terms via investor relations best practices before signing. Spanish angel term sheets include ENISA repayment clauses that need careful review before signing.

Madrid angel syndicates take 5% carry over a 1x return hurdle in standard deals. Carry structure converts Madrid angels from passive to active mentors and network openers.