Archipelago Next is a Canary Islands-based venture capital firm investing in pre-seed and seed startups in Spain and founders with a clear connection to the Spanish market. It focuses on B2B SaaS and other painkiller software opportunities, including sectors such as enterprise software, HR tech, sales, fintech, cybersecurity, data, and developer tools. Typical initial tickets are €150k-€500k, with follow-on capacity up to €1m.