Investing in
life sciences

About Us

We are a VC fund focused on investing in early-stage companies in the healthcare sector.

Invivo Ventures is managed by Invivo Partners, promoted by Luis Pareras and Albert Ferrer, with the experience gained through the first fund Healthequity. The fund was registered to the Comisión Nacional del Mercado de Valores (CNMV) in March 2019 and has achieved a final closing of 60M €.

We are a team of highly qualified professionals, with the scientific, technical and financial know-how required to analyse and make investments to provide value to the invested company. We also have a network of contacts and key strategic relationships in the health ecosystem.

Our company is financed by the European Investment Fund, the Instituto de Crédito Oficial, the Institut Català de Finances, the Institut Valencià de Finances, the Ajuntament de Barcelona and other private investors.

Two successful exits from our first fund in 2022, validating our early-stage investment thesis focused on extraordinary science in leading-edge fields that are to play a role in the future of medicine.

Our portfolio companies from the first fund have raised >220M€ from international VCs.

Our knowledge of the Technology Transfer space plus our ability to identify new market trends and create biotech companies opens the opportunity to become one of the major players in Technology Transfer in Europe.

Investment strategy



We seek projects according to the following criteria:

  • Powerful proof of concept: solid scientific package with convincing results in animal models.
  • Unique technology and disruptive product: scientific innovation should represent a substantial improvement over current technology.
  • Roadmap and clearly defined costs.
  • Multidisciplinary and committed team.
  • Specific indications that can be complemented with line extensions.
  • Strong protection of intellectual property or the ability to generate strong entry barriers for competitors.
Investment size

Investment size

We set initial investments in the range of 0.5-2M €, and after achieving pre-established milestones we can reach up to 4M €.

State of development

State of development

We focus on investing in companies in early stages, mainly in the technology transfer phase. In the case of biotechnology companies, they should have a solid proof of concept in animal models, and in the case of medical devices or digital health companies, a prototype close to the market.

Geographical focus

Geographical focus

We invest in Spain a significant amount of the funds raised, while a smaller percentage is considered for investments syndicated with other funds in European companies.



We want to diversify risks by investing in companies in different stages within the biomedical area, specifically in biotechnology.


Healthequity is a VC fund focused on investing in early-stage companies in the Healthcare sector. Promoted by the Medical Association of Barcelona and the financial group Riva y Garcia, it was registered with the CNMV and founded in 2012.

The fund finished its first investment period in early 2019.


Luis Pareras
Founder | Managing Partner
Albert Ferrer
Founder | Partner
Laura Rodriguez
Claudio Santos
Entrepreneur in Residence
Oscar Ferrer
Head of Operations and Control
Gemma Guinart
Investment Associate
Cinta Díez
Investment Analyst
Borja Ruiz
Investment Analyst
Begoña Aguirre
Executive Assistant

Are you willing to start a career in the Venture Capital space? Then, keep reading, this might be of interest!

Invivo offers a 6-month part-time internship to candidates with a strong scientific background, basic knowledge of the technology transfer process, and who are eager to learn how investing in early-stages works. The position will be based in Barcelona, and all backgrounds are encouraged to apply.

More Info


SYNTHETIC BIOLOGY FUTURE DIRECTIONS / Synthetic Biology offers new ways for engineering new biological systems or re-designing existing ones for useful purposes. It is a disruptive technology at the heart of the so-called Bioeconomy, capable of delivering new solutions to global healthcare, but also in many other fields like agriculture, manufacturing, and environmental challenges. Not long ago, in May 2010, a team of scientists led by Craig Venter achieved a synthetic biology milestone by designing the genes for a new type of bacteria and implanting them in a bacterial shell that had its genome removed. The empty cell behaved like a factory programmed with human-designed genetic code. It was the first living being to escape the evolutionary tree, with a computer-programmed genome synthesized by chemical compounds, implanted in a cell, and subsequently multiplied under the control of that artificial genetic code. It opened the way to extraordinary developments in biology and medicine that are starting to blossom now. But we have a lot of work ahead. This quick_note tries to systematize the progressive steps in our quest to design “therapeutic life” #quick_notes_lp


Solving real problems requires commitment and focus. Here’s some advice for scientists willing to become entrepreneurs, six things you should think about before embarking on your journey:
(1) UNDERSTAND BIOTECH ECOSYSTEM/ Be aware of what creates and what destroys value, and understand why VCs prefer good problems to solve, big clinical needs, accelerated regulatory pathways and a big delta in what the drug will do for patients: USE IT TO IMPROVE YOUR POSITIONING
(2) UNDERSTAND YOUR COMPANY/ Ask yourself what open questions still remain unsolved in your field (they’ll lead you to clinical needs), and see the landscape of strategies to solve your particular clinical need: are you competitive enough? STAND OUT FROM THE CROWD
(3) FROM SOLOIST TO ORCHESTRA/ Find the right CEO (maybe yourself, but some other times someone else more experienced) and the right team that will make it possible… At first the team will be small but always bear in mind entrepreneurship is not an individual game
(4) CONTACT YOUR TECHNOLOGY TRANSFER OFFICE (research center, hospital…) or alternatively experts and consultants to think carefully about the whole process, the intellectual property, some initial understanding of the regulatory pathway, license negotiations to spin out, etc.
(5) FINE TUNE PoC/ Find your WOW slide, the experimental setting and results that will convince everyone that this is worth doing and that your way of solving the problem actually works… You’ll probably need to further improve it after visiting VCs, yes, but always aim for top quality experiments
(6) FUNDRAISE / Go find capital (non-dilutive from grants first, if possible), understand how VCs will analyze your project and try to capture their attention. The process iterates non-stop, go back to (1) to further understand your sector and start again to perfect your pitch



This policy reflects our approach to environmental, social, and governance management throughout our investment horizon, from initial selection and investment decision through to divestment, with the objective of generating sustainable and socially responsible value in the investees in which we invest.

We believe that major global concerns such as climate change, demographic development, technological advances, and social inequality will influence markets, companies, and society in general, and will have implications for companies in terms of risks and opportunities that need to be assessed and considered.

We also understand that acting as responsible investors is a gradual process, and we are committed to progressively incorporating ESG best practices in an effort of continuous improvement.

In this regard, this policy reflects our commitment to conducting our business in strict compliance with applicable regulations in accordance with the highest ethical standards and professional conduct. Among them, the development and management of social and governance risks of our activity are considered essential.

Consult the policy here


We are here!

Passeig de Gràcia, 54, 2n D
08007 Barcelona

+34 93 018 51 65