BBVA Ventures was a venture capital arm of Banco Bilbao Vizcaya Argentaria, S.A. specializing in direct and fund of funds investments. BBVA Ventures is out of business. The Ventures team was part of BBVA Group, a global financial services group founded in 1857.
BBVA Ventures was founded in January 2013 and was based in San Francisco, California with an additional office in Madrid, Spain. It did not limit its geographic preference, yet focused on investments in Spain, México, Latin America, United States, Turkey, and China. The firm also sought co-investment opportunities in syndicates with traditional venture capital firms where it can add strategic value. BBVA Ventures had an additional office in Madrid, Spain.
BBVA Ventures made 10 investments. One of them was on Apr 8, 2015, when they invested $165M in Prosper Marketplace. BBVA Ventures has had 3 exits: DocuSign, Telefonica, and Travelprice.com. BBVA raised a single venture fund: Venture Capital Fund.
- For direct investments, it specialized in investments in start-up, early stage, and expansion stage companies.
- For fund of funds investments, it sought to invest in venture capital funds.
- The firm typically invested in incubators and companies in the financial services sector with a focus on financial services software, financial technologies like mobile payment or alternative lending, as well as some adjacent areas, such as big data or e-commerce.
- It invested in new products and services with a focus on innovative products and services delivered to customers or used to better serve customers including lenders and service providers, crowdfunding, asset management, payments, and financial inclusion.
- Within channels, it focused on accessing and leveraging tools to deliver or facilitate financial services while providing transparency including digital marketing and analytics platforms and services and digital channels.
- Within Infrastructure, it focused on systems and platforms to support the digitalization of financial services including bank as a service, security, and big data companies.
- It typically invested $0.5 million in the companies. The firm also seeks co-investment opportunities in syndicates with traditional venture capital firms where it can add strategic value.