Cu–Ga-based CO2-to-methanol hydrogenation catalysts display a range of catalytic performance, depending on their preparation. Here, we investigated how the Ga/Cu ratio and Ga speciation affect the catalytic activity. Using surface organometallic chemistry, we prepared a series of silica-supported 3–6 nm Cu1–xGaxOy nanoparticles with a range of xGa. The materials display a volcano-type activity behavior, where methanol formation is promoted when xGa < 0.13–0.18 and is suppressed at higher values, indicating a poisoning of the catalysts. In situ X-ray absorption spectroscopy and in situ infrared spectroscopy helped to understand the structure-activity relationship.