BeHappy Investments Incorporates Applied AI into Its Investment Thesis

In an increasingly selective investment market, technology has become an ever more relevant component within impact investing. Its role is no longer limited to accelerating processes or improving the scalability of projects. It also enables the measurement of outcomes, the reduction of inefficiencies, and the verification of whether a solution generates real change for people, businesses, or the environment.

This evolution comes at a time when investors are examining the strength of business models more closely. Startup investment in Spain reached €731 million in the first quarter of 2026, representing a 30% decline in volume and a 21% decrease in the number of transactions compared to the same period the previous year. In total, 79 deals were completed in a more cautious market, characterized by greater capital concentration and a more rigorous review of each project’s maturity, according to the Startup Observatory of the Fundación Innovación Bankinter.

Against this backdrop, BeHappy Investments, a Spanish social impact investment vehicle, focuses on companies capable of combining technology, purpose, and business viability.

“Technology makes sense within impact investing when it improves people’s lives, makes a business model more efficient, or enables access where it was previously impossible. We do not invest in technology simply because it is fashionable, but rather in projects that use it to solve real needs, with clear metrics and execution capability,” explains Miguel Ángel Rodríguez Caveda, CEO of BeHappy Investments.

From Enthusiasm for Innovation to Demonstrable Impact

Artificial intelligence clearly reflects this new stage. The use of AI technologies among Spanish companies with more than 10 employees has more than doubled between 2021 and 2025, increasing from 8% to 21%, according to the latest analysis by CaixaBank Research. Despite this progress, adoption remains limited and uneven, particularly depending on company size. This leaves significant room to apply the technology in a more useful, efficient, and sustainable way.

At the same time, the Spanish AI ecosystem is beginning to consolidate as a standalone vertical within the technology entrepreneurship landscape. According to the National Tech Companies Report, Spain already has 394 companies linked to artificial intelligence, of which 278 are startups. In addition, this segment topped the sector investment ranking in 2025, raising more than €300 million across around thirty transactions.

For BeHappy Investments, this gap represents a significant opportunity for the sector: supporting companies capable of applying technology to specific needs through understandable, measurable, and sustainable business models. Healthcare, education, biotechnology, agrotech, and animal welfare are areas where innovation can improve productivity, broaden access to essential services, anticipate risks, reduce inefficiencies, and enhance quality of life.

Measurement is another key aspect of this evolution. SpainNAB has highlighted the need to move toward greater harmonization to facilitate comparability among funds, through a common language of indicators and adapted reporting models. For the sector, having clearer metrics is essential to strengthening transparency, credibility, and the growth of impact investing in the coming years.

With this approach, BeHappy Investments maintains its focus on seed and early-stage companies that combine innovation, purpose, and business viability. The fund’s objective is to support projects capable of generating positive impact from their earliest stages by providing capital, strategic guidance, business expertise, and support in the development of sustainable models.

Technology will continue to occupy a central place in impact investing, but its value will increasingly be tied to its real-world usefulness. In a more mature market, the projects most capable of attracting capital will be those that demonstrate that innovation can improve lives, optimize resources, and build resilient companies over the long term.

About BeHappy Investments

BeHappy Investments is an investment vehicle dedicated to supporting projects with a high social impact, with a particular focus on sustainability and the development of human and animal well-being. Since its creation in 2023, it has backed seed and early-stage ventures pursuing a purpose beyond economic profit, providing not only financing but also strategic advisory and communication support. Driven by a team of entrepreneurs and executives from diverse industries, its goal is to contribute to building a fairer and more sustainable world. The fund balances profitability with positive environmental and social impact, actively participating in sectors such as generative AI, HealthTech, BioTech, EdTech, sustainability, and wellness.

https://behappyinvestments.com/