In Spain, a growing number of large corporations have launched CVC initiatives to invest in startups and stay close to innovation in their sectors.

Relevant examples include Telefónica through Wayra, one of the most established programmes in Europe; Enagás Emprende, focused on the energy transition; and financial-sector players such as Santander, which have strengthened their commitment to startup investment in recent years.

In this context, GCO Ventures forms part of a new generation of corporate initiatives, combining investment in startups with a broader approach that also includes the development of new ventures.

The growing participation of corporations in the ecosystem reflects a clear trend: CVC has become a key tool for accessing innovation, anticipating market changes and generating new growth opportunities.

To learn more, see: [FAQ 3: How does a corporate venture capital fund work?]