San Francisco · 2026 · First cohort
Be here when the
doors open.
A dedicated $50M fund and a 900 m² physical hub in San Francisco. Built for the Spanish founders ready to scale globally — converting geographic friction into permanent competitive advantage.
The market failure
A structural problem.
Not a technical one.
90% of Spanish startups fail in the US, not because of their product but because of the friction around it.
of founders return to Spain within 18 months.
Prohibitive costs in SF without US credit history.
Impossible to operate without a US bank account.
Fragmented advisory at $500–$800/hr with no continuity.
6–18 months to build a transactional local network from zero.
O-1, E-2, and L-1 visa processes are expensive and slow.
Culture shock and severe founder loneliness erode execution.
The 360° solution
Everything you need.
Under one roof.
Live, work, eat, connect, accelerate, and settle. The hub absorbs the logistical wear-and-tear so the founder stays on the business.
Live
Partnership with a residence — furnished rooms with day-one community.
Work
Open coworking and 3 private suites.
Eat
Café with Spanish-Californian cuisine. Daily networking.
Connect
Weekly events and VC dinners in San Francisco.
Accelerate
20-week intensive on go-to-market and fundraising.
Settle
C-Corp setup, banking, and visa processing.
The investment vehicle
$50M. Public-private.
Co-investment.
A fully integrated infrastructure model — designed to capture portfolios that historically generate single-exit returns above $500M.
Target size
$25M institutional + $25M American VCs
Portfolio strategy
5 investments per year over 5 years
Average ticket
$1.2M initial + $800K reserved follow-on
Target return
~$209M total value on Seed/Series A
The physical asset
900 m². Four floors.
One ecosystem.
Operational infrastructure designed end-to-end for a founder's first six months in San Francisco.
Investment criteria
Four filters of
institutional quality.
Institutional Spanish validation
The company must have an institutional Spanish VC in cap table maintaining pro-rata in the round.
Demonstrable US traction
Active customers or users, signed LOIs, or a clear and solid US GTM strategy proving North American market penetration.
Dual-presence commitment
C-level commitment to relocate to the US; engineering and operations remain in Spain.
Bridge to US Series A/B
Cap table, governance, and metrics compatible with US VC standards for the next round.
Priority sectors
Six verticals with
natural Spanish corporate buyers.
Spain ecosystem — institutional support network
VCs
Institutional Spanish funds co-investing in Seed / Series A rounds.
Accelerators
Programs with active pipeline of startups bound for the US market.
Banks & Institutions
Public financing and Spanish innovation banking.
Coworkings & Hubs
Reference spaces in the Spanish entrepreneurial ecosystem.
The team
A hybrid American +
Spanish team. Built for both.
Silicon Valley mindset. Spanish founder DNA. One bridge.
Institutional capital
Deep expertise structuring and deploying institutional vehicles at scale.
Operational scaling
A track record of scaling tech companies and running acceleration programs.
Bicultural network
Direct relationships with US VCs, corporates, and the Spanish founder community.
Roy Thiele-Sardiña
General Partner
Chair of the Investment Committee
Anchors VC track record and institutional credibility. Validates the investment thesis with US LPs and Spanish public capital.
Isaac de la Peña
General Partner
Co-Chair of the Investment Committee
Co-chairs the Investment Committee.
Jordi Argente
General Partner
Portfolio & Capital Markets
Leads portfolio management and capital markets strategy.
Antonio Fernández
General Partner
Founder Network & Institutional Capital
Connects the founder network with institutional capital.
Chiaki Naranjo Ban
Venture Partner
Tech SaaS & QA
Tech SaaS and quality assurance expertise.
Carlos Sánchez Corrales
Acceleration Partner
SF House (The Operator)
Leads SF House operations as the on-the-ground operator.
Roadmap 2026
The path
to launch.
Four milestones from due diligence to capturing the first cohort of Spanish startups.
Technical due diligence
Detailed audit of business model, infrastructure partners, and operational team in SF.
Fund structuring
Co-investment terms and deployment mechanisms for Spanish Founders Bridge I.
Committee approval
Final presentation to institutional governing bodies for capital deployment.
Operational launch
Capture and integration of the first cohort of Spanish startups under the active California model.
Join the waitlist
Be here when
the doors open.
Founders, investors, and partners — early waitlist members get priority access to the first cohort, the investment round, and the launch community and events.
100% focus on the business. Zero logistical friction.