Bullnet Capital

Bullnet Capital is an independent Venture Capital firm specializing in high technology Spanish start-ups. They focus on companies with proprietary breakthrough technologies resulting from scientific effort or deep technical knowledge. They seek technical experts with an entrepreneurial spirit, who desire a value partner beyond just funding. Bullnet provides support not only financially but also strategically and managerially to help their portfolio companies succeed. The firm was founded by Javier Ulecia and Miguel del Cañizo, who previously worked together at Renault and later launched an Internet Incubator. With the strategic and financial support of Bruno Entrecanales, they created Bullnet Capital I with the aim of becoming a reference player in the Spanish technology VC market. Their investment strategy is based on several core arguments: focusing on IT-related projects, favoring product positioning over services, selecting projects with sustainable technological differentiation, maintaining an instinctive drive to exit even before investing, conducting thorough due diligence combining technological and strategic analysis, and adding value through day-to-day involvement in participating companies. They look for disruptive technologies that are the result of previous scientific effort or deep technical knowledge. They prefer to work with top-tier teams comprising of technical experts who are also entrepreneurial, seeking a value partner. They provide necessary support not only from the financial perspective but also from the strategic and managerial point of view.

Information Technology, High Technology, Disruptive Technology, Deep Tech

Core thematic spaces, technologies, and target market segments of interest.