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All Iron Ventures: Venture capital firm investing in early-stage European tech startups across diverse tech sectors, including marketplaces.
All Iron Ventures is a Bilbao, Spain-based venture capital firm that invests in early-stage European technology startups across diverse sectors. The firm takes a sector-agnostic approach to Seed and Series A investments, focusing primarily on digital marketplaces, enterprise software, B2C models, and climate technology. Operating with a dedicated investment team of 12 professionals, the firm manages approximately €140 million in assets under management and maintains a broad portfolio of over 50 active companies. The organization closed its debut direct investment fund at €66.5 million in late 2020 and subsequently raised a €150 million follow-on investment vehicle in September 2024 alongside a strategic rebranding to Acurio Ventures. Its investment portfolio features prominent European technology companies, including Jobandtalent, Preply, and Seedtag. All Iron Ventures was founded in 2018 by former Ticketbis founders Jon Uriarte and Ander Michelena.
Key people at All Iron Ventures.
All Iron Ventures, now rebranded as Acurio Ventures, is a European venture capital firm focused on early-stage investments in technology startups across Europe. Its mission is to collaborate with ambitious founders to transform consumer and enterprise experiences through innovative technologies. The firm adopts a generalist investment philosophy, backing startups across various sectors without strict vertical focus, aiming to support around 50 companies per fund with equity stakes typically between 3% and 10%. By leveraging the entrepreneurial experience of its founding team, All Iron Ventures provides not only capital but also strategic guidance to help startups scale and succeed. The firm has a strong track record, having invested in notable European tech companies like Seedtag, Jobandtalent, Lingokids, Preply, Refurbed, and Lookiero, thus significantly impacting the European startup ecosystem by fueling innovation and growth[1][2][3][5].
Founded in 2017 and based in Bilbao, Spain, All Iron Ventures was co-founded by Ander Michelena, an entrepreneur who previously sold his startup Ticketbis to eBay for €16.5 million in 2016. The founding team’s background as successful entrepreneurs deeply informs their approach to venture capital, emphasizing founder support and operational expertise. Over time, the firm evolved from its original name to Acurio Ventures in 2024, coinciding with the closing of its third fund of €150 million. This evolution reflects the firm’s growth and ambition to become a leading European VC manager. The firm’s focus has broadened to a generalist sector approach, investing across Europe and maintaining a diversified portfolio[1][2][3][5].
All Iron Ventures/Acurio Ventures is riding the wave of increasing European tech startup activity, particularly in Spain and Portugal, regions gaining momentum as vibrant innovation hubs. The timing is critical as valuations have bottomed out after market corrections, presenting attractive entry points for early-stage investments. The firm’s approach aligns with broader market forces such as growing institutional interest in European tech, the rise of successful local founders reinvesting in the ecosystem, and increased venture capital inflows from diverse sources. By supporting a broad range of startups, Acurio Ventures contributes to strengthening the European tech ecosystem, fostering innovation, and helping scale companies that can compete globally[1][3][5].
Looking ahead, Acurio Ventures is poised to continue its active investment pace, leveraging its strong track record and deep founder experience to capitalize on the anticipated slow recovery in startup valuations. Trends such as digital transformation, AI adoption, and sustainability will likely shape its portfolio focus, even within a generalist framework. The firm’s growing assets under management (close to €300 million) and diversified LP base position it well to influence the European tech landscape further, potentially expanding its role as a key enabler of innovation and growth. Its evolution from All Iron Ventures to Acurio Ventures symbolizes a maturation that aligns with its ambition to be a leading European VC firm supporting transformative technology startups[1][3][5].
Key people at All Iron Ventures.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 8, 2026 | Lookiero | $19.9M Other Equity | Simon Menashy | Ander Michelena, Ekarpen, Perwyn, 10x Group, Bonsai Partners, Spanish Society for Technological Transformation, 10x, Banco Santander |
| Oct 1, 2025 | Refurbed | $60.0M Series U | — | 14W, Almaz Capital, C4 Ventures, Klaus Hofbauer |
| Oct 1, 2025 | Phagos | $29.0M Series A | Hoxton Ventures, Anne-Valérie Bach, CapHorn Invest, Demeter | Grant Aarons, Citizen Capital, Entrepreneur First, Founders Capital, Station F |
| Sep 1, 2025 | Lexroom.ai | $19.0M Series A | — | Adjacent, Base10 Partners, Crosslink Capital, Pitchdrive, Scale Asia Ventures, Louis Jonckheere, Mikko Kodisoja, Pete Koomen, Riccardo Zacconi, Joe Zadeh, Giulia Bianchi Frangipane, Entourage, Verve Ventures, Diego Piacentini |
| Aug 29, 2025 | Flagcat | $2.9M Seed | Mathilde Tanniou | — |
| Apr 1, 2025 | Spotahome | $6.0M Series U | — | Bond, Charlotte Street Capital, Seaya Ventures, VentureFriends, WndrCo LLC, Justin Mateen, Klaus Nyengaard |
| Jan 1, 2025 | Intelex Vision | $7.0M Series A | — | 040 Capital, Adara Ventures |
| Dec 1, 2024 | Crescenta | $7.0M Series A | — | Brighteye Ventures, FJ Labs, Habico Invest, KFund, Round2 Capital Partners, Simon Rogerson, Victor Pancic, CFA, Yago Arbeloa |
| Nov 1, 2024 | PassEntry | $7.0M Series A | — | 14W, Mangrove Capital Partners |
| Jul 1, 2024 | Exoticca | $65.0M Series D | Quadrille Capital | 14W, Atreides Management, Mangrove Capital Partners, Hans Tung, Partners Resolute, PICO Venture Partners |
| Jul 1, 2024 | Jeff | $2.0M Seed | Presto Ventures | BITKRAFT Ventures, Strong Ventures, Albert Armengol, James Berdigans |
| May 1, 2024 | Insurama | $9.0M Series A | All Iron Ventures | Inveready, Nervo Group |
| Feb 1, 2024 | Manglai | $540K Seed | All Iron Ventures | — |
| Jan 31, 2024 | Rabot Charge | $20.3M Series A | David Kuczek | Mario Götze, 9900 Capital, Tobias Jacob, vent.io, Yabeo |
| Dec 20, 2023 | Crescenta | $2.2M Seed Extension | — | Ander Michelena, FJ Labs, K Fund |
| Nov 24, 2023 | Floy | $5.9M Seed | Dr. Laura Seifert | Christian Vollmann, Oliver Roskopf, Oliver Zirwes, Robert Maier, 10x Founders, SB21, xDeck |
| Nov 15, 2023 | Last.app | $5.4M Other Equity | Jordi Vinas | Bynd |
| Nov 1, 2023 | Modo Energy | $15.0M Series A | MMC Ventures | Catalyst Capital, Fred Olsen Limited, Triple Point Ventures |
| Nov 1, 2023 | Refurbed | $58.0M Series C | C4 Ventures, Alex Zubillaga, Riku Asikainen | 14W, Almaz Capital, Klaus Hofbauer, Speedinvest |
| Oct 17, 2023 | Lanes & Planes GmbH | $35.0M Series B | Bradley Twohig | Battery Ventures, coparion, DN Capital |
| Jun 1, 2023 | Crescenta | $4.0M Seed | — | Brighteye Ventures, FJ Labs, Habico Invest, KFund, Round2 Capital Partners, François Nuyts, Hugo Arevalo, Simon Rogerson, Victor Pancic, CFA, Yago Arbeloa |
| Mar 30, 2023 | TROOP | $11.0M Series B | Henry Ellenbogen, Steve Singh | Conexo Ventures, Alumni Ventures, Thayer Ventures, Al Goldstein, Arthur Kosten, Scott Hintz, Steve Kaufer |
| Mar 1, 2023 | Sunhero | $11.0M Series A | Vorwerk Ventures, Nick De | Accel, Pareto Holdings, Picus Capital, Anselm Bauer, Benjamin Guenther, Jonas Rieke, Max-Josef Meier, Sebastian Schuon, Stefan Zuschke, Jaume Ayats Soler, Redstone, Speedinvest |
| Jan 1, 2023 | Finley Technologies | $17.0M Series A | — | 7GC & Co, ACME Capital, Bain Capital Ventures, Bolt, Canvas Ventures, Catapult Capital, Connect Ventures, CRV, Curie.Bio, Double Prime LLP, Earlybird Venture Capital, Element Partners, Fifth Wall, FJ Labs, Haystack, Next Play Ventures, Nine Four Ventures, Passion Capital, PS Investments, Sapphire Ventures, The Fintech Fund, Transmedia Capital, Twenty Two Ventures, Wilshire Lane Capital, David Marcus, Dileep Thazhmon, Eric Demuth, Eric Wu, Francesco Simoneschi, Marc Benioff, Russell Fradin, Russ Fradin, Shervin Pishevar |
| Jan 1, 2023 | BORN | $3.0M Seed | Julien Bek | 20VC, AirAngels, Andreessen Horowitz, AngelList Syndicator, Angular Ventures, Balderton Capital, Better Capital, Blossom Capital, Buckley Ventures, Chalfen Ventures, Coalition Operators, Earl Grey Capital, Eunoia Capital Partners, IVP, Mantis VC, On Deck, Pareto Holdings, Slow Ventures, Trust Fund, Volition Capital, Y Combinator, Akshay Kothari, Baron Davis, Chris Schagen, Christian Oestlien, Claire Hughes Johnson, Cristina Cordova, David Peterson, Dylan Field, George Ruan, Girish Mathrubootham, Jan Deepen, Jeremy Yap, Julian Shapiro, Kunal Shah, Louis Beryl, Manik Gupta, Martin Henk, Mathilde Collin, Melissa Tan, Robbert Flipsen, Ryan Tedder, Scott Belsky, Siqi Chen, Stefan Jeschonnek, Tyler Willis, Vindi Banga, Alex Pall, Ilkka Paananen, Kevin Weil, Mario Götze |