Fundraising Fox

Extension Fund

Venture debt

Madrid · Pre-Seed–Series B · 4 people tracked

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Investment thesis

Extension Fund is a hybrid debt fund operating in Spain that provides financing to startups through convertible notes and venture debt. It partners early with high-potential companies from pre-seed to Series B that are expected to raise multiple funding rounds, backing ambitious founders across Spain. Convertible notes serve as short-term financing intended to convert into equity in a future round, while venture debt offers debt financing on more flexible terms than traditional lenders. The team is composed of experienced entrepreneurs and investors who work closely with portfolio companies, offering strategic support and business-development networks to help founders scale.

Source: firm website, verified Aug 2, 2026.

Stage
Pre-Seed–Series B
HQ
Madrid, ES
Instruments
Debt · Equity

Team · 4 people

from the firm's website
Ignacio Moro· Partner

Spent a decade in investment banking in London, including as Executive Director at Goldman Sachs focused on debt products. In 2017 he founded Lapinta Ventures, a London-based fintech and insurtech investment platform. Holds a double degree in Law and Business Administration from Universidad Pontificia de Comillas (ICADE).

Jordi Safont· Partner

Seed-stage investor for over six years with more than 35 investments and six exits ranging from secondary sales to IPOs. Previously worked in private banking and was an entrepreneur from 2005 to 2008. Holds an Economics degree and an MBA from Esade and NYU Stern.

Pablo González Puelles· Principal

Formerly Investment Manager at Telefónica Ventures and a fund manager at Welzia Management, where he ran quantitative strategies. Began his career at the startup Fever. Holds a Business Administration degree from Universidad Pontificia de Comillas (ICADE).

Blanca Sastre· Analyst

Previously held an operational role at Agicap in France and gained sales and finance experience at Procter & Gamble, BMW, and FlixBus across Spain, the US, and Germany. Holds a double degree in International Business Administration from Universidad Pontificia de Comillas (ICADE) and ESB Business School (Reutlingen).

Frequently asked questions

What stage does Extension Fund invest at?
Extension Fund invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Extension Fund focus on?
Extension Fund focuses on Cleantech, E-commerce, Fintech, InsurTech, PropTech.
Where is Extension Fund located?
Extension Fund is headquartered in Madrid, ES.

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