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Angels invests in Zubi Capital’s new fund, the first venture capital fund for diversity and inclusion impact venture capital fund in Spain.

  • The investment will be carried out in Zubi Capital Diversity Catalyst FCRE, second vehicle managed by Zubi Capital, a manager dedicated to impact investment management
  • “We invested in Zubi Capital because it is led by Iker Marcaide, an internationally recognized Valencian entrepreneur”, assures Pepe Peris, CEO of Angels.

Valencia, February 13, 2024. The investment company Angels, owned by Juan Roig and part of Marina de Empresas, has made an investment in the venture capital fund Zubi Capital Diversity Catalyst FCRE. This fund is managed by the impact management firm Zubi Capital Asset Management SGEIC, founded by Valencian impact entrepreneur Iker Marcaide. The fund places a strong emphasis on considering the potential of diversity and inclusion. Its operations are focused on Spain and Europe, and it is led by José Nistal and Carmen Pumariño.

The collaboration of Angels and Zubi Capital represents an important step forward in supporting the Spanish and European entrepreneurial ecosystem, as the fund focuses on investing in technology and innovative companies in their early stages, from pre-seed to seed, with a focus on diversity, inclusion and positive social impact.

“We invested in Zubi Capital because it is led by Iker Marcaide, an internationally recognized Valencian entrepreneur. We believe that Iker is an example to follow within the national entrepreneurial and investment ecosystem,” says Pepe Peris, CEO of Angels.

Through the Zubi Capital Diversity Catalyst FCRE fund, the fund manager invests in early-stage impact startups that, through their teams or business models, contribute to implementing diversity, equity and inclusion (DEI) principles from their foundation. This initiative arises to fill a previously unattended opportunity, acting as a catalyst in the market to address these challenges.

José Nistal, CEO of Zubi Capital Asset Management, emphasizes the importance of supporting entrepreneurs who integrate DEI into their teams, highlighting the value of Angels’ contribution to this effort. According to Nistal, “the support of Angels is fundamental, and is a great boost to generate a more significant positive impact on society, thus promoting the creation of companies that are not only diverse and inclusive from their inception, but also sustain these values in a lasting way, resulting in better returns in the long term”.

The fund’s strategy focuses on achieving market financial returns for a venture capital fund that invests in innovative start-up companies while generating a positive social and environmental impact on society. In this way, investors not only aim for robust financial returns, but also actively participate in creating a fairer and more inclusive business environment.

About Angels / Marina de Empresas

The investment company Angels is part, together with EDEM Escuela de Empresarios and the startup incubator and accelerator Lanzadera, of the Marina de Empresas entrepreneurship center. This is an initiative of Juan Roig located in the Marina de València, whose mission is to train, advise and finance the entrepreneurs of today and the future, and which is a commitment to the creation of wealth, employment and the promotion of the culture of entrepreneurship.

Angels aims to invest in entrepreneurial leaders to develop sustainable businesses and connect them with investors. It offers a management model based on the Total Quality Model, its network of contacts, as well as all the necessary infrastructure to accompany the entrepreneur, starting with the facilities located in Marina de Empresas. Since its inception, Angels has invested more than 36 million euros in 54 companies. It currently has 41 investee companies.

About Zubi Capital

Zubi Capital AM is an asset manager specializing in the management of alternative impact assets, guided by the firm belief that investing can be a driving force for both strong financial returns and creating lasting positive social and environmental impact.

The company, which is part of the Zubi Group, a group of impact companies with one mission: solving social and environmental challenges to build a better future. To achieve this, it uses business and investment as instruments to solve these challenges, while generating economic profitability.  The group is structured in four business areas, focusing on entrepreneurship, the development of sustainable urban environments, investment and education. Its founder and president is serial entrepreneur Iker Marcaide, who also founded Flywire, the first company of Spanish origin to go public on the Nasdaq.


  • The investment will be carried out in Zubi Capital Diversity Catalyst FCRE, second vehicle managed by Zubi Capital, a manager dedicated to impact investment management
  • “We invested in Zubi Capital because it is led by Iker Marcaide, an internationally recognized Valencian entrepreneur”, assures Pepe Peris, CEO of Angels.

Valencia, February 13, 2024. The investment company Angels, owned by Juan Roig and part of Marina de Empresas, has made an investment in the venture capital fund Zubi Capital Diversity Catalyst FCRE. This fund is managed by the impact management firm Zubi Capital Asset Management SGEIC, founded by Valencian impact entrepreneur Iker Marcaide. The fund places a strong emphasis on considering the potential of diversity and inclusion. Its operations are focused on Spain and Europe, and it is led by José Nistal and Carmen Pumariño.

The collaboration of Angels and Zubi Capital represents an important step forward in supporting the Spanish and European entrepreneurial ecosystem, as the fund focuses on investing in technology and innovative companies in their early stages, from pre-seed to seed, with a focus on diversity, inclusion and positive social impact.

“We invested in Zubi Capital because it is led by Iker Marcaide, an internationally recognized Valencian entrepreneur. We believe that Iker is an example to follow within the national entrepreneurial and investment ecosystem,” says Pepe Peris, CEO of Angels.

Through the Zubi Capital Diversity Catalyst FCRE fund, the fund manager invests in early-stage impact startups that, through their teams or business models, contribute to implementing diversity, equity and inclusion (DEI) principles from their foundation. This initiative arises to fill a previously unattended opportunity, acting as a catalyst in the market to address these challenges.

José Nistal, CEO of Zubi Capital Asset Management, emphasizes the importance of supporting entrepreneurs who integrate DEI into their teams, highlighting the value of Angels’ contribution to this effort. According to Nistal, “the support of Angels is fundamental, and is a great boost to generate a more significant positive impact on society, thus promoting the creation of companies that are not only diverse and inclusive from their inception, but also sustain these values in a lasting way, resulting in better returns in the long term”.

The fund’s strategy focuses on achieving market financial returns for a venture capital fund that invests in innovative start-up companies while generating a positive social and environmental impact on society. In this way, investors not only aim for robust financial returns, but also actively participate in creating a fairer and more inclusive business environment.

About Angels / Marina de Empresas

The investment company Angels is part, together with EDEM Escuela de Empresarios and the startup incubator and accelerator Lanzadera, of the Marina de Empresas entrepreneurship center. This is an initiative of Juan Roig located in the Marina de València, whose mission is to train, advise and finance the entrepreneurs of today and the future, and which is a commitment to the creation of wealth, employment and the promotion of the culture of entrepreneurship.

Angels aims to invest in entrepreneurial leaders to develop sustainable businesses and connect them with investors. It offers a management model based on the Total Quality Model, its network of contacts, as well as all the necessary infrastructure to accompany the entrepreneur, starting with the facilities located in Marina de Empresas. Since its inception, Angels has invested more than 36 million euros in 54 companies. It currently has 41 investee companies.

About Zubi Capital

Zubi Capital AM is an asset manager specializing in the management of alternative impact assets, guided by the firm belief that investing can be a driving force for both strong financial returns and creating lasting positive social and environmental impact.

The company, which is part of the Zubi Group, a group of impact companies with one mission: solving social and environmental challenges to build a better future. To achieve this, it uses business and investment as instruments to solve these challenges, while generating economic profitability.  The group is structured in four business areas, focusing on entrepreneurship, the development of sustainable urban environments, investment and education. Its founder and president is serial entrepreneur Iker Marcaide, who also founded Flywire, the first company of Spanish origin to go public on the Nasdaq.