The Lab Ventures has successfully closed its second fund at €29.1 million, enabling the operational venture capital firm to expand its support for early-stage B2B companies across Spain and MENA markets. The fund, which closed on 3 July 2025, received backing from institutional investors including Spain’s ICO (Instituto de Crédito Oficial) and leading family offices across Europe and the Gulf.

The new fund will allow The Lab Ventures to increase its geographic reach, accelerate investment in exceptional founders, and provide hands-on operational support to help startups scale. As an operational VC, the firm either launches companies from scratch or invests at the pre-seed and seed stage, offering guidance in product development, engineering, business growth, and talent acquisition.

Fund II maintains a focus on sectors where digitalisation can deliver meaningful impact, including PropTech and Construction Tech, HealthTech, and professional service digitisation. Since the fund’s first close in 2024, The Lab Ventures has invested in seven portfolio companies spanning Southern Europe, the UAE, and emerging MENA & GCC markets.

“Our LPs bring sector expertise, market access, and strategic relationships that directly benefit our portfolio companies,” said Jonathan Lahyani, General Partner for MENA & GCC regions. “This is not only capital, it’s a network of operators and entrepreneurs who actively support our founders.”

The Lab Ventures provides operational depth to portfolio companies by offering product and engineering expertise, business development support across Spain and MENA, recruitment assistance for key hires, and cross-portfolio synergies connecting complementary businesses. “Our team works alongside founders on product strategy, customer acquisition, and operational execution. This hands-on model is what allows pre-seed companies to achieve seed-stage metrics faster,” said Silvia Irisarri, Partner at The Lab Ventures.

With offices in Madrid and Dubai, The Lab Ventures bridges mature European markets and high-growth Gulf economies, giving startups access to diverse customer bases, regulatory environments, and market opportunities. The Gulf region, in particular, offers substantial potential for B2B digital transformation initiatives across public and private sectors.