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Venture Capital

SPA Capital

SPA Capital backs early-stage and high-growth companies, typically pre-profit, from Netherlands. It states a focus on media & communications and software & internet.

Disclosed holdings
Earliest stated investment
HeadquartersNetherlands
Largest single fundNot stated

Stated investment criteria

What SPA Capital says it buys

Read from SPA Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

EBITDA it states€1m to €5m1
Transaction typesDistressed, Buy-and-build1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by SPA Capital to consider any particular business, and nothing on this page is represented as being for sale.

Valuation context

Transaction values in Media & Communications

What companies have actually sold for in media & communications, across 583 recorded transactions.

Median consideration$77m
Middle 50%$18m-$262m
Revenue multiple1.6×
EBITDA multiple8.2×

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Comparable investors

Similar mandates

Other venture capital investors active in media & communications.