Angels invests in Zubi Capital’s new fund—the first impact-driven venture capital fund in Spain focused on diversity and inclusion.

Angels invests in Zubi Capital’s new fund—the first impact-driven venture capital fund in Spain focused on diversity and inclusion.

Angels will invest in Zubi Capital Diversity Catalyst FCRE, the second fund managed by Zubi Capital—an impact investment firm.

“We invested in Zubi Capital because it’s led by Iker Marcaide, a globally recognized entrepreneur from Valencia,” says Pepe Peris, Managing Director at Angels.

Valencia, February 13, 2024. Angels, the investment firm of Juan Roig and part of the Marina de Empresas ecosystem, has invested in Zubi Capital Diversity Catalyst FCRE. Managed by Zubi Capital Asset Management, founded by Iker Marcaide, the fund focuses on early-stage tech and innovation companies in Spain and Europe, under the leadership of José Nistal and Carmen Pumariño. It places a strong emphasis on diversity and inclusion.

The partnership represents a significant step forward in supporting the entrepreneurial ecosystem in Spain and Europe. The fund targets early-stage tech startups that champion diversity, inclusion, and positive social impact.

“We invested in Zubi Capital because it’s led by Iker Marcaide, a globally recognized entrepreneur from Valencia. We believe Iker is a role model in Spain’s entrepreneurial and investment community,” adds Pepe Peris.

The fund backs impact-driven startups that apply DEI principles from the start—addressing a gap in the market and serving as a catalyst for change.

José Nistal, CEO of Zubi Capital Asset Management, stated: “Angels’ support is vital—it boosts our ability to create meaningful social impact by building companies that are diverse and inclusive from day one, aiming for better long-term returns.”

The fund aims for market-level financial returns typical of early-stage VC investments, while delivering positive social and environmental outcomes—offering a balanced opportunity for investors.




About Angels / Marina de Empresas

Angels is part of the Marina de Empresas investment cluster, alongside EDEM Business School and Lanzadera. Founded by Juan Roig in Valencia, it aims to educate, support, and finance entrepreneurs—driving job creation and entrepreneurial growth.

Angels invests in visionary founders and connects them with investors. Operating under a Total Quality Management model, it has invested over €36 million in 54 companies, with 41 currently in its portfolio.

About Zubi Capital

Zubi Capital Asset Management specializes in impact-focused alternative investments, believing that capital should deliver financial, social, and environmental returns.

Part of the Zubi Group—focused on solving global challenges through entrepreneurship, urban sustainability, investment, and education—Zubi Capital was founded by Iker Marcaide, who also founded Flywire, the first Spanish-origin company to go public on Nasdaq.

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Angels invests in Zubi Capital’s new fund—the first impact-driven venture capital fund in Spain focused on diversity and inclusion.