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    Best Venture Capital Firms in Barcelona (2026)

    Browse updated 2026 startup programs, accelerators, incubators, and venture capital investors in Barcelona. Find open deadlines, offers, and funding.

    Updated Jun 2026

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    Found 70 investors & programs.

    Startupbootcamp logo

    Startupbootcamp

    A Global Family Of Industry-Focused Startup Accelerators

    Startupbootcamp: A Global Family Of Industry-Focused Startup Accelerators. Accelerator, Venture Capital Firm. Located in London, Amsterdam, Milan, Dubai, Mumbai, Melbourne, Rome, New York, Barcelona, Essen, Berlin, Hamburg, Moscow, Hartford, Istanbul, The Netherlands, Italy, UAE, UK, Australia, Spain, Russia, USA, Turkey, Germany, India, Europe, MENA, Oceania, North America, Asia, Middle East. €15K available.
    Application open
    €15K
    Can Lead
    Accelerator
    Venture Capital Firm
    Demium - Barcelona logo

    Demium - Barcelona

    International Talent Investor: We take individuals and existing startups from an idea to funding and beyond.

    Demium - Barcelona: International Talent Investor: We take individuals and existing startups from an idea to funding and beyond.. Incubator, Venture Capital Firm. Located in Barcelona, Spain, Europe. Up to €500K available.
    Application open
    Up to €500K
    Incubator
    Venture Capital Firm
    Valor Equity Partners logo

    Valor Equity Partners

    Valor Equity Partners is an operational growth investment firm focused on high growth companies across various stages of development.

    Valor Equity Partners: Valor Equity Partners is an operational growth investment firm focused on high growth companies across various stages of development.. Venture Capital Firm. Located in Chicago, Barcelona, USA, Spain, North America, MENA, Europe, Asia.
    Venture Capital Firm
    TELEGRAPH HILL CAP logo

    TELEGRAPH HILL CAP

    We back entrepreneurs

    TELEGRAPH HILL CAP: We back entrepreneurs. Investment Fund. Located in Barcelona, Spain, Europe.
    Investment Fund
    VentureFriends.vc logo

    VentureFriends.vc

    VF is an extension to our internal team

    VentureFriends.vc: VF is an extension to our internal team. Venture Capital Firm. Located in Athens, London, Warsaw, Barcelona, Greece, United Kingdom, Poland, Spain, Europe, MENA. $500K - $2.5M available.
    Application open
    $500K - $2.5M
    Venture Capital Firm
    eWorks accelerator logo

    eWorks accelerator

    Make it real!

    eWorks accelerator: Make it real!. Accelerator, University Program, Incubator, Mentorship Program. Located in Barcelona, Spain, Europe, Worldwide. Equity-free program valued at €20,000, with the opportunity to win up to €10,000. available.
    Application open
    Equity-free program valued at €20,000, with the opportunity to win up to €10,000.
    Accelerator
    University Program
    Incubator
    Mentorship Program
    The Net street logo

    The Net street

    The Net Street is a Corporate Venturing consultancy and M&A TMT boutique

    The Net street: The Net Street is a Corporate Venturing consultancy and M&A TMT boutique. Family Office, Financial Advisor, Investment bank. Located in Barcelona, Spain, UK, USA, Europe, North America.
    Family Office
    Financial Advisor
    Investment bank
    Sitka Capital logo

    Sitka Capital

    Sitka Capital is an investment vehicle that focuses on pre-seed and seed phases.

    Sitka Capital: Sitka Capital is an investment vehicle that focuses on pre-seed and seed phases.. Venture Capital Firm. Located in Barcelona, Spain, Europe. Up to €100K investment available.
    Application open
    Up to €100K investment
    Venture Capital Firm
    Reus Capital Partners logo

    Reus Capital Partners

    Family Venture Capital Fund specialized in digital startups in seed stage. "We are a Super Business Angel."

    Reus Capital Partners: Family Venture Capital Fund specialized in digital startups in seed stage. "We are a Super Business Angel.". Venture Capital Firm, Vc firm. Located in Barcelona, Spain, Europe.
    Can Lead
    Venture Capital Firm
    Vc firm
    Nina Capital logo

    Nina Capital

    Investing in need-driven founders building health tech companies with international ambitions.

    Nina Capital: Investing in need-driven founders building health tech companies with international ambitions.. Venture Capital Firm, Vc firm. Located in Barcelona, Spain, North America, Europe, MENA.
    Venture Capital Firm
    Vc firm
    Antai Venture Builder logo

    Antai Venture Builder

    Antai Venture Builder focuses on the creation of startups under an international, online, and mobile model.

    Antai Venture Builder: Antai Venture Builder focuses on the creation of startups under an international, online, and mobile model.. Venture Capital Firm. Located in Barcelona, Spain, Europe, South America, North America.
    Venture Capital Firm
    aldeA Ventures logo

    aldeA Ventures

    aldeA Ventures is a venture capital firm that operates as a catalyst for the innovation economy.

    aldeA Ventures: aldeA Ventures is a venture capital firm that operates as a catalyst for the innovation economy.. Venture Capital Firm, Fund of Funds, Vc firm. Located in Barcelona, Spain, Europe, North America.
    Venture Capital Firm
    Fund of Funds
    Vc firm
    4Founders Capital logo

    4Founders Capital

    4Founders Capital is about empowering ambitious and talented entrepreneurs and their teams. It is not about controlling them.

    4Founders Capital: 4Founders Capital is about empowering ambitious and talented entrepreneurs and their teams. It is not about controlling them.. Venture Capital Firm. Located in Barcelona, Spain, Europe, North America, MENA. €100K - €4M available.
    Application open
    €100K - €4M
    Venture Capital Firm
    Ship2B logo

    Ship2B

    Ship2B promotes economic and social enterprises profitability that manages an impact investment vehicle.

    Ship2B: Ship2B promotes economic and social enterprises profitability that manages an impact investment vehicle.. Incubator, accelerator. Located in Barcelona, Spain, Europe. €40K - €100K initial investment, up to €400K in follow-on rounds. available.
    Application open
    €40K - €100K initial investment, up to €400K in follow-on rounds.
    Incubator, accelerator
    The Collider logo

    The Collider

    New tech transfer programme that connects entrepreneurial and scientific talent to foster innovation

    The Collider: New tech transfer programme that connects entrepreneurial and scientific talent to foster innovation. Growth Program, Venture Capital Firm. Located in Barcelona, Spain, Europe. Up to €50K participative loan and €6K stipend available.
    Application open
    Up to €50K participative loan and €6K stipend
    Growth Program
    Venture Capital Firm
    VIKO GROUP logo

    VIKO GROUP

    Group of marketing digital companies offering a range of services and products, creating the first marketing group expert in e-commerce.

    VIKO GROUP: Group of marketing digital companies offering a range of services and products, creating the first marketing group expert in e-commerce.. Vc firm. Located in Barcelona, Spain, Europe, North America.
    Can Lead
    Vc firm
    Nuclio Venture Builder logo

    Nuclio Venture Builder

    Nuclio is a Venture Builder that creates startups based on business ideas validated in other markets.

    Nuclio Venture Builder: Nuclio is a Venture Builder that creates startups based on business ideas validated in other markets.. Startup studio, Incubator. Located in Barcelona, Spain, Europe.
    Startup studio
    Incubator
    Nero Ventures logo

    Nero Ventures

    Nero Ventures is provides investments, accompanying entrepreneurs and businesses in several stages of early stage and growth.

    Nero Ventures: Nero Ventures is provides investments, accompanying entrepreneurs and businesses in several stages of early stage and growth.. Venture Capital Firm, Vc firm. Located in Barcelona, Spain, Europe, North America, South America.
    Can Lead
    Venture Capital Firm
    Vc firm
    Lanta Digital Ventures logo

    Lanta Digital Ventures

    Lanta Digital Ventures is a Barcelona-based venture capital company that offers early stage investments to startups.

    Lanta Digital Ventures: Lanta Digital Ventures is a Barcelona-based venture capital company that offers early stage investments to startups.. Venture Capital Firm, Pe firm. Located in Barcelona, Spain, Europe, North America.
    Can Lead
    Venture Capital Firm
    Pe firm
    Healthequity logo

    Healthequity

    Healthequity specializes in early-stage projects in the health sector: medical devices, biotechnology and healthcare services.

    Healthequity: Healthequity specializes in early-stage projects in the health sector: medical devices, biotechnology and healthcare services.. Venture Capital Firm. Located in Barcelona, Spain, Europe, North America. €1M initial investment available.
    Application open
    €1M initial investment
    Venture Capital Firm
    Aurica Capital logo

    Aurica Capital

    Aurica Capital is a venture capital company.

    Aurica Capital: Aurica Capital is a venture capital company.. Venture Capital Firm. Located in Barcelona, Spain, Europe, South America. €10M - €35M for 20% - 49% equity available.
    Application open
    €10M - €35M for 20% - 49% equity
    Venture Capital Firm
    Asabys Partners logo

    Asabys Partners

    Asabys Partners is based in Barcelona and specialises in early-stage biotech, medical technology and healthcare innovation projects.

    Asabys Partners: Asabys Partners is based in Barcelona and specialises in early-stage biotech, medical technology and healthcare innovation projects.. Venture Capital Firm, Vc firm. Located in Barcelona, Spain, Europe, MENA.
    Can Lead
    Venture Capital Firm
    Vc firm
    101 Startups logo

    101 Startups

    101Startups is an investment firm based in Spain that specializes in early-stage startup companies.

    101 Startups: 101Startups is an investment firm based in Spain that specializes in early-stage startup companies.. Venture Capital Firm. Located in Barcelona, Spain, Europe. €0.5M - €1.5M available.
    Application open
    €0.5M - €1.5M
    Venture Capital Firm
    Finaves logo

    Finaves

    Finaves, a venture capital firm, specializes in seed, startup, early venture, and mezzanine investments in tech and internet companies.

    Finaves: Finaves, a venture capital firm, specializes in seed, startup, early venture, and mezzanine investments in tech and internet companies.. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    Extension Fund logo

    Extension Fund

    Extension Fund is a hybrid fund investing in Spanish early-stage technological companies through Venture Debt and Convertible Notes

    Extension Fund: Extension Fund is a hybrid fund investing in Spanish early-stage technological companies through Venture Debt and Convertible Notes. Venture Capital Firm, Venture Capital, Vc firm. Located in Barcelona, Spain, Europe, North America. €100k to €3M available.
    Application open
    €100k to €3M
    Can Lead
    Venture Capital Firm
    Venture Capital
    Vc firm
    EIT - European Institute of Innovation and Technology logo

    EIT - European Institute of Innovation and Technology

    EIT - European Institute of Innovation and Technology is an initiative of the European Institute of Innovation and Technology (EIT).

    EIT - European Institute of Innovation and Technology: EIT - European Institute of Innovation and Technology is an initiative of the European Institute of Innovation and Technology (EIT).. Incubator & accelerator. Located in Barcelona, Spain, Europe.
    Incubator & accelerator
    Dozen Investments logo

    Dozen Investments

    Dozen Investments is a venture capital and private equity firm based in Spain.

    Dozen Investments: Dozen Investments is a venture capital and private equity firm based in Spain.. Venture Capital Firm, Pe firm. Located in Barcelona, Spain, Europe.
    Can Lead
    Venture Capital Firm
    Pe firm
    Circles Accelerator Program logo

    Circles Accelerator Program

    It's time to launch the next big thing.

    Circles Accelerator Program: It's time to launch the next big thing.. Accelerator. Located in Barcelona, Spain, Europe.
    Accelerator
    CG Health Ventures logo

    CG Health Ventures

    CG Health Ventures provides investment and support to innovative startup companies.

    CG Health Ventures: CG Health Ventures provides investment and support to innovative startup companies.. Venture Capital Firm. Located in Barcelona, Spain, Europe, North America.
    Venture Capital Firm
    Alta Life Sciences logo

    Alta Life Sciences

    Alta Life Sciences is a leading multistage venture capital investment firm in Spain.

    Alta Life Sciences: Alta Life Sciences is a leading multistage venture capital investment firm in Spain.. Venture Capital Firm. Located in Barcelona, Spain, Europe.
    Venture Capital Firm
    Adevinta Ventures logo

    Adevinta Ventures

    Adevinta Ventures is the VC arm of leading online marketplace player Adevinta

    Adevinta Ventures: Adevinta Ventures is the VC arm of leading online marketplace player Adevinta. Corporate VC. Located in Barcelona, Spain, Europe, Middle East.
    Can Lead
    Corporate VC
    Abac Nest logo

    Abac Nest

    Abac Nest is a venture capital vehicle investing in seed-stage companies in Spain.

    Abac Nest: Abac Nest is a venture capital vehicle investing in seed-stage companies in Spain.. Venture Capital Firm. Located in Barcelona, Spain, Europe, North America. €50k - €500k available.
    Application open
    €50k - €500k
    Venture Capital Firm
    Upstarter Incubator logo

    Upstarter Incubator

    Microbusiness incubation for the rest of us.

    Upstarter Incubator: Microbusiness incubation for the rest of us.. Incubator. Located in London, Bristol, Barcelona, UK, Spain, Europe.
    Incubator
    Toubkal Partners logo

    Toubkal Partners

    Toubkal Partners is a Spanish investment firm focused on investments in consumer good, technology, and financial industries.

    Toubkal Partners: Toubkal Partners is a Spanish investment firm focused on investments in consumer good, technology, and financial industries.. Venture Capital Firm. Located in Barcelona, Spain, Europe.
    Venture Capital Firm
    Media Digital Ventures logo

    Media Digital Ventures

    Media Digital Ventures provides media for advertising for start up clients looking to advertise and grow.

    Media Digital Ventures: Media Digital Ventures provides media for advertising for start up clients looking to advertise and grow.. Venture Capital Firm. Located in Barcelona, Spain, Europe. Media-for-Equity investments ranging from €200k to €5M available.
    Application open
    Media-for-Equity investments ranging from €200k to €5M
    Venture Capital Firm
    Impactivs logo

    Impactivs

    Actionable expertise to help impact entrepreneurs take their ideas to market.

    Impactivs: Actionable expertise to help impact entrepreneurs take their ideas to market.. Mentorship Program. Located in Barcelona, Spain, Europe.
    Application open
    Mentorship Program
    Djamel Agaoua (Viber) logo

    Djamel Agaoua (Viber)

    Serial Entrepreneur-Tech & Impact Investor CEO Kings League

    Djamel Agaoua (Viber): Serial Entrepreneur-Tech & Impact Investor CEO Kings League. Angel Investor. Located in Barcelona, Spain, Europe.
    Pre-Seed
    Seed
    Angel Investor
    Breega Capital logo

    Breega Capital

    Breega propels pioneering and purpose-driven founders from idea into impact. Crafted for founders by founders we built Breega to provide start-ups with the help we wish we'd had.

    Breega Capital: Breega propels pioneering and purpose-driven founders from idea into impact. Crafted for founders by founders we built Breega to provide start-ups with the help we wish we'd had.. Venture Capital Firm. Located in Paris, London, Barcelona, Lagos, Cape Town, France, Europe.
    Venture Capital Firm
    Bcombinator logo

    Bcombinator

    Barcelona Accelerator

    Bcombinator: Barcelona Accelerator. Accelerator, Incubator. Located in Barcelona, Spain, Europe. €50,000 in initial investment and potential follow-on funding of up to €500,000 available.
    Application open
    €50,000 in initial investment and potential follow-on funding of up to €500,000
    Accelerator
    Incubator
    SeedRocket logo

    SeedRocket

    Barcelona Accelerator

    SeedRocket: Barcelona Accelerator. Accelerator, Incubator. Located in Barcelona, Spain, Europe. Up to €300,000 in funding from SeedRocket's Business Angels network and 4Founders Capital available.
    Application open
    Up to €300,000 in funding from SeedRocket's Business Angels network and 4Founders Capital
    Accelerator
    Incubator
    Peroxfarma logo

    Peroxfarma

    Peroxfarma is a pharmaceutical company that contributes to improving the health and quality of life of people.

    Peroxfarma: Peroxfarma is a pharmaceutical company that contributes to improving the health and quality of life of people.. Family Office. Located in Barcelona, Spain, Europe, Middle East.
    Family Office
    GENESIS Ventures logo

    GENESIS Ventures

    GENESIS Ventures, an investment vehicle located in Barcelona and built up in partnership with family offices

    GENESIS Ventures: GENESIS Ventures, an investment vehicle located in Barcelona and built up in partnership with family offices. Family Office, Vc firm. Located in Barcelona, Spain, Europe, Middle East.
    Can Lead
    Family Office
    Vc firm
    Secways logo

    Secways

    Secways is the family office of Pere Hospital.

    Secways: Secways is the family office of Pere Hospital.. Family Office. Located in Barcelona, Spain, Europe, Middle East.
    Can Lead
    Family Office
    Albert Armengol logo

    Albert Armengol

    Albert Armengol took up his MBA at Esade.

    Albert Armengol: Albert Armengol took up his MBA at Esade.. Angel Investor. Located in Barcelona, Spain, Europe, Middle East.
    Seed
    Angel Investor
    Carlos Blanco logo

    Carlos Blanco

    Carlos Blanco is the Chairman and CEO of Encomenda Capital Partners SGEIC. He previously worked at H…

    Carlos Blanco: Carlos Blanco is the Chairman and CEO of Encomenda Capital Partners SGEIC. He previously worked at H…. Angel Investor. Located in Barcelona, Spain, Europe, Middle East.
    Seed
    Angel Investor
    ICF Capital logo

    ICF Capital

    ICF Capital is a management company that invest in Catalan companies from seed to private equity stages.

    ICF Capital: ICF Capital is a management company that invest in Catalan companies from seed to private equity stages.. Corporate VC, N/a. Located in Barcelona, Spain, Europe, Middle East.
    Can Lead
    Corporate VC
    N/a
    Zone2boost logo

    Zone2boost

    Zone2boost is an open innovation program.

    Zone2boost: Zone2boost is an open innovation program.. Corporate VC. Located in Barcelona, Spain, Europe, Middle East.
    Corporate VC
    Avançsa logo

    Avançsa

    Private equity arm of Generalitat de Catalunya .

    Avançsa: Private equity arm of Generalitat de Catalunya .. Corporate VC. Located in Barcelona, Spain, Europe, Middle East. Participatory co-investment loans between €300,000 and €2,000,000. available.
    Application open
    Participatory co-investment loans between €300,000 and €2,000,000.
    Can Lead
    Corporate VC
    Cuatrecasas Ventures logo

    Cuatrecasas Ventures

    We are an investment vehicle specializing in this field.

    Cuatrecasas Ventures: We are an investment vehicle specializing in this field.. Venture Capital. Located in Barcelona, Spain, Europe.
    Venture Capital
    Abac Nest Ventures logo

    Abac Nest Ventures

    Abac Nest Ventures develops the VC investment strategy of Abac Capital, a multi-asset strategy firm…

    Abac Nest Ventures: Abac Nest Ventures develops the VC investment strategy of Abac Capital, a multi-asset strategy firm…. Venture Capital, Vc firm. Located in Barcelona, Spain, Europe.
    Can Lead
    Venture Capital
    Vc firm
    GVC Gaesco Group logo

    GVC Gaesco Group

    We are a major independent financial group.

    GVC Gaesco Group: We are a major independent financial group.. Private Equity Firm, Pe firm. Located in Barcelona, Spain, Europe.
    Private Equity Firm
    Pe firm
    Encomenda Smart Capital logo

    Encomenda Smart Capital

    N/A

    Encomenda Smart Capital: N/A. Venture Capital, Vc firm. Located in Barcelona, Spain, Europe.
    Venture Capital
    Vc firm
    Abac Capital logo

    Abac Capital

    We are an investment fund specializing in private equity capital for Spanish businesses.

    Abac Capital: We are an investment fund specializing in private equity capital for Spanish businesses.. Private Equity Firm. Located in Barcelona, Spain, Europe.
    Private Equity Firm
    Vicente Climent logo

    Vicente Climent

    Investor

    Vicente Climent: Investor. Solo angel. Located in Barcelona, Spain, Europe.
    Seed
    Early Stage VC
    Growth
    Solo angel
    David Riudor logo

    David Riudor

    David Riudor

    David Riudor: David Riudor. Solo angel. Located in Barcelona, Spain, Europe.
    Pre-Seed
    Seed
    Solo angel
    Agència per la Competitivitat de l'Empresa logo

    Agència per la Competitivitat de l'Empresa

    We are an agency focused on enhancing regional business performance.

    Agència per la Competitivitat de l'Empresa: We are an agency focused on enhancing regional business performance.. Public fund. Located in Barcelona, Spain, Europe.
    Can Lead
    Public fund
    The Crowd Angel logo

    The Crowd Angel

    We are a platform that provides access for users to invest in promising early-stage companies.

    The Crowd Angel: We are a platform that provides access for users to invest in promising early-stage companies.. Angel network, Angel Investor. Located in Barcelona, Spain, Europe.
    Can Lead
    Angel network
    Angel Investor
    Lanai Partners logo

    Lanai Partners

    We are an angel group focusing on digital startups based in Spain.

    Lanai Partners: We are an angel group focusing on digital startups based in Spain.. Angel network. Located in Barcelona, Spain, Europe.
    Can Lead
    Angel network
    IRIS Ventures logo

    IRIS Ventures

    We are a global growth equity firm focused on enhancing quality of life through innovative solutions…

    IRIS Ventures: We are a global growth equity firm focused on enhancing quality of life through innovative solutions…. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    InnoCells logo

    InnoCells

    We are the innovation center for digital ventures of a major banking institution.

    InnoCells: We are the innovation center for digital ventures of a major banking institution.. Corporate VC. Located in Barcelona, Spain, Europe.
    Can Lead
    Corporate VC
    Vento logo

    Vento

    Vento: Startup program. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    LifeLink Ventures logo

    LifeLink Ventures

    We are an investment firm.

    LifeLink Ventures: We are an investment firm.. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    MOBILE WORLD CAPITAL logo

    MOBILE WORLD CAPITAL

    We are an initiative focused on improving lives globally through technology.

    MOBILE WORLD CAPITAL: We are an initiative focused on improving lives globally through technology.. Incubator & accelerator. Located in Barcelona, Spain, Europe.
    Incubator & accelerator
    GNE Finance logo

    GNE Finance

    We are a firm committed to ventures with significant positive societal influence.

    GNE Finance: We are a firm committed to ventures with significant positive societal influence.. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    PaoCapital logo

    PaoCapital

    We also provide advisory services and hold board positions.

    PaoCapital: We also provide advisory services and hold board positions.. Angel Investor. Located in Barcelona, Spain, Europe.
    Seed
    Angel Investor
    Grupo ItNet logo

    Grupo ItNet

    We are a firm specializing in the creation and funding of ventures within the interactive media indu…

    Grupo ItNet: We are a firm specializing in the creation and funding of ventures within the interactive media indu…. Vc firm. Located in Barcelona, Spain, Europe.
    Can Lead
    Vc firm
    Farside logo

    Farside

    We are an ecosystem of venture builders, creating specialized investment vehicles.

    Farside: We are an ecosystem of venture builders, creating specialized investment vehicles.. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm
    Turtle Capital & Investments logo

    Turtle Capital & Investments

    We are an investment company focused on financing early-stage projects.

    Turtle Capital & Investments: We are an investment company focused on financing early-stage projects.. Vc firm. Located in Barcelona, Spain, Europe.
    Can Lead
    Vc firm
    Endurance Partners logo

    Endurance Partners

    We are a fund supervised by the Spanish regulator.

    Endurance Partners: We are a fund supervised by the Spanish regulator.. Pe firm. Located in Barcelona, Spain, Europe.
    Pe firm
    CB Invest logo

    CB Invest

    We are a venture capital firm.

    CB Invest: We are a venture capital firm.. Vc firm. Located in Barcelona, Spain, Europe.
    Vc firm

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    FAQs about Barcelona

    What are the best VCs and accelerators in Barcelona for 2026?

    See the list below filtered to Barcelona. We surface top VCs, accelerators, and incubators with current offers and open cohorts for 2026.

    Which programs in Barcelona have upcoming deadlines?

    Check the “Open now” section for the soonest deadlines. Only future deadlines are highlighted; closed cohorts are excluded.

    Do programs in Barcelona accept remote startups?

    Many programs list remote availability. Filter results for remote or review program details to confirm hybrid/on-site expectations.

    What funding or equity terms should I expect in Barcelona?

    Offers vary by program. Look for the offer/terms in each card. Typical ranges span equity-free stipends to seed-size checks for a small equity share.