Investor profile
Criteria Capital Risc
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Criteria Capital Risc is the venture capital arm of CriteriaCaixa — Spain's largest investment holding — and operates through two evergreen specialist funds: Criteria Venture Tech (technology) and Criteria Bio Ventures (biotechnology and life sciences). The firm targets a €300 million commitment through 2030, backing early-stage innovative companies primarily in Spain and Portugal, with selective reach across Europe and North America. Criteria Venture Tech backs technical founders from pre-seed to pre-Series A, focusing on deep tech, AI, cybersecurity, developer tooling, and software and data infrastructure, seeking teams that build differentiated technologies capable of generating lasting competitive advantages. Criteria Bio Ventures invests in companies developing disruptive therapeutic approaches focused on unmet medical needs, partnering with driven entrepreneurs and co-investors who aim to revolutionize healthcare through well-protected innovations. Criteria Capital Risc takes board seats and provides active operational support, with nearly 70% of current portfolio value held in Spanish companies.
Notable quotes
“Criteria Capital Risc is committing €300M to invest in technology and biotech startups through two vehicles, Criteria Venture Tech and Criteria Bio Ventures. Criteria Venture Tech backs technical founders from pre-seed to pre-Series A in Europe and occasionally in the US, going deep where we have edge: deeptech, cybersecurity, developer tooling, software and data infrastructure, and AI.”
“Criteria Capital Risc typically takes board seats in its portfolio companies rather than investing passively, providing operational support alongside capital.”
“Together with Caixa Capital Risc we have brought our science and drug candidates from academia to the clinic to become a leading company in calcification disorders. CCR's unwavering support has been instrumental at every phase, propelling us forward in a journey that culminated in a successful transaction with Vifor.”
Team
Albert Morro
Principal, Criteria Venture Tech
Pablo Cironi, PhD
Director, Criteria Bio Ventures / Director of Life Science Investment Funds
Roma Jelinskaite
Managing Director, Criteria Venture Tech
Salvatore Cappadona, PhD
Principal, Criteria Bio Ventures
Sebastián Chiavenna, PhD
Principal, Criteria Bio Ventures
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| 8Layers | Pre-Seed | $3m | 2026-07-09 |
| Cytospire Therapeutics | Series A | $83m | 2026-05-05 |
| NRG Therapeutics | Series B | $68m | 2025-09-08 |
| Adaptam Therapeutics | Pre-Seed | $4m | 2025-10-27 |
| iPronics | Series A | $22m | 2025-01-30 |
| Noxus | Pre-Seed | $2m | 2025-02-11 |
| Enline | Seed | $4m | 2024-01-18 |
| KIT-AR | Seed | $4m | 2024-02-26 |
| vLex | Growth | — | 2019-01-01 |
| Minoryx Therapeutics | Series C | — | 2021-01-01 |
Frequent co-investors
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