One more year, BIC Araba and Metxa teamed up to organize the 3rd Edition of the Investment Workshop in Startups and Entrepreneurial Projects. Aimed at investors and individuals interested in exploring the world of startup investment—regardless of their level of experience—this three-day workshop tackled key topics through practical cases, interactive sessions, and the expertise of well-known analysts, investors, and entrepreneurs. And to bring theory into practice, real projects were pitched to participants and members of the startup ecosystem.

[Day 1]

▪️ Introduction to startup investment: David Montero de la Torre (BIC Araba) and Josetxu Silgo Hernández (Metxa) shared essential foundations, including investment stages and risk analysis.
▪️ Steps before investing: Mathieu Carenzo dove into diversification strategies and criteria for building a strong investment portfolio.
▪️ Working with entrepreneurs: Juanjo Torres Montesa (Dryfing) offered the entrepreneur’s perspective on building effective investor relationships.
▪️ Opportunity analysis: Laura Unzueta (Metxa) outlined methodologies for evaluating startups and conducting thorough due diligence.
▪️ Taxation in investment: Javier Valle Solano and Esther Martín García (PKF Attest) explained key tax aspects related to investing and exiting startups.

[Day 2]

▪️ Startup valuation: Toni Vera (Beringia Smart Money) presented methods for valuing startups and managing dilution across funding rounds.
▪️ Negotiation and deal formalization: Pedro Muñoz Baroja (Easo Ventures) and Guillermo Arregui (RADAR Ventures) discussed the negotiation process, including term sheets and shareholder agreements.
▪️ Shareholder agreements: Xabier Álvarez Lombardía (Lawesome) broke down essential clauses and best practices for solid partnership agreements.

[Day 3]

✅ Jorge Aranzabe (Grupo SPRI Capital Riesgo) offered key insights on how to add value to startups, how to participate in boards, how to calculate the value of your portfolio, and strategies for follow-on investments.
✅ Enrique Penichet García (Draper B1) explained how and when to exit an investment successfully.
✅ A roundtable of personal experiences featured Eduardo Martínez Lobera (ARABA ASCENTIUM SL), Idoia Iturbe (Coben), and Gorka Puente, Ph.D. (Appfire), who shared lessons learned, challenges, and insights from their journeys in the investment world.

On March 20, we also held a new edition of the Investment Forum, which served as the closing event for the 3rd Investment Workshop in Startups and Entrepreneurial Projects organized by BIC Araba.

These are the startups that pitched to investors:

🎤 Atom Modular – Ignasi Pérez Arnal
🎤 Dryfing – Juanjo Torres Montesa
🎤 Jizoo Technologies – Jizoo Technologies
🎤 Kultursistema – Edurne Ruiz de Arcaute
🎤 Powerfultree – Imanol Olaskoaga
🎤 ANNi – Psifiacos – Boris C. Rodríguez Martín

A heartfelt thank you to all participants of the workshop and the forum—startups, investors, and organizations committed to boosting regional development.

📽 Watch the 2025 Investment Forum video here: https://www.instagram.com/p/DHdOn7MKdtz/