Gecad Ventures

Bullnet Capital is an independent venture capital firm based in Madrid, Spain, specializing in high-technology startups. Established in 2002, the firm focuses on early-stage investments in sectors such as enterprise software, electronics, photonics, laser technology, medical devices, and scientific instrumentation. Bullnet Capital has managed multiple funds, including Bullnet Capital I (2002), Bullnet Capital II (2007), and Bullnet Capital III (2015), with a total of approximately €93 million under management. The firm has made over 60 investments, with notable portfolio companies like Digital Legends Entertainment, Plastic SCM, and Zhilabs. In November 2024, the European Investment Fund (EIF) invested €28 million in Bullnet Capital IV, a fund specializing in deep-tech and technology transfer sectors, bringing the fund’s total to over €80 million. Bullnet Capital aims to support the development of innovative companies by providing capital and strategic guidance, fostering growth and technological advancement in its target sectors.