Abel Conill Riera
President, CEO, General Partner, and Founder · VICTORIA Venture Capital SCR-Pyme
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- Title
- President, CEO, General Partner, and Founder
- Firm
- VICTORIA Venture Capital SCR-Pyme
- Additional Role
- General Partner at BO Capital Partners SGEIC, S.A.U.
- Firm Type
- Venture Capital (specialized in university spin-offs and cleantech)
- Investment Stage
- Seed, Series A
- Location
- Barcelona, Catalonia, Spain (BO Capital HQ: Vic, Barcelona)
- Experience
- 25+ years in VC & PE across 6 Funds
- Investment Count
- 5 investments through Victoria Venture Capital
- Notable Metrics
- 34 transactions completed, 3,500+ projects analyzed
Background
Abel Conill Riera is a veteran venture capital investor with over 25 years of experience in the Spanish and European venture capital ecosystem. He holds a degree in Economics from Universitat de Barcelona, graduating in 1995. As an economist by training, Conill has built his career around identifying and nurturing early-stage technology companies emerging from academic and research institutions.
In May 2015, Conill founded VICTORIA Venture Capital SCR-Pyme, a specialized venture capital fund focused exclusively on investing in technology spin-offs from research centers and universities. This niche focus reflects his deep conviction in the power of commercializing academic research and translating cutting-edge scientific discoveries into viable businesses. VICTORIA Venture Capital targets clean technologies and advanced new materials for industrial applications, with particular emphasis on cleantech sectors including clean energy, water technology, and Industry 4.0 innovations.
Beyond his role at Victoria, Conill serves as General Partner at BO Capital Partners, an independent venture capital firm based in Vic, Barcelona. BO Capital Partners manages multiple funds, including the Victoria Venture Capital fund (currently in divestment phase) and Victoria II Green Tech FCRE (in investment phase), which focuses on scale-up companies developing sustainable technology solutions. The firm operates according to ESG principles and has a track record spanning 25+ years with 6 funds launched and 34 transactions completed across 3,500+ analyzed projects.
Conill has been actively supporting science-based startups since 2004 and currently runs S2 XPeed, a venture-backed accelerator for early-stage Industrial Tech ventures. His career history includes previous roles at FEM-ONA Innovació and ONA Capital Privat SCR S.A., giving him deep roots in Catalonia's venture capital community. With over 3,000 LinkedIn followers and 500+ professional connections, he is well-networked within the European deep tech and cleantech investment ecosystem.
Investment Thesis & Focus
Abel Conill and VICTORIA Venture Capital operate with a highly specialized investment thesis centered on university spin-offs and research-driven innovation. The firm invests in companies that emerge from research centers and universities with cutting-edge technologies, particularly in sectors where Spain and Europe have strong academic foundations. This strategy positions Victoria as a crucial bridge between academic research and commercial markets.
Core Sectors:
Investment Approach:
Value Proposition: Victoria Venture Capital offers more than just capital—the firm provides strategic business advice to help academic founders navigate the transition from research to commercial operations. Conill's extensive network and 25+ years of experience enable portfolio companies to access industry partners, follow-on investors, and operational expertise. Through BO Capital Partners, the firm emphasizes sustainable value creation, optimizing and maximizing portfolio company value according to ESG principles, with transparency, professionalism, and trust as defining characteristics.
- Clean Technologies (cleantech, clean energy, water)
- Advanced Materials for Industry
- Industry 4.0 and Industrial Technology
- Sustainable Technology Solutions
- Deep Tech from Research Institutions
- Focus on Seed and Series A stage investments
- Target companies spinning out of universities and research centers
- Provide both equity capital and business advisory services
- Emphasis on tech-transfer opportunities
- Support for science-based startups with defensible intellectual property
- Geographic focus on Spain and broader European ecosystem
Notable Investments
- BCN3D Technologies - 3D printing technology spin-off from UPC (Universitat Politècnica de Catalunya); raised €2.7M in seed round led by Victoria VC, JME VC, and Accurafy4 in March 2019. Conill called BCN3D "one of the biggest spin-offs of an engineering university we have seen in Spain and one of the largest in Europe." The company developed IDEX (Independent Dual Extruder) 3D printing technology and became one of the top 10 desktop 3D printing manufacturers in Europe by funding.
- Nnergix - Data mining and energy forecasting service company using big data and AI to enable renewable energy integration into power grids. Raised €720K in second funding round led by Victoria VC with participation from KIC InnoEnergy and business angels. Successfully exited on January 27, 2021 through acquisition by Circutor.
- Ledmotive Technologies - Spin-off from Institut de Recerca en Energia de Catalunya (IREC) developing proprietary lighting technology that allows creating, copying, designing, and sharing any type of natural or artificial lighting. Led investment round of €1.85M. Latest investment by Victoria VC.
- Hydrokemos - Latest portfolio investment alongside Ledmotive; focused on sustainable technology (specific sector details limited in public sources).
- Oxolutia - Additional portfolio company in cleantech/industrial tech sector.
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