Fundraising FoxFides Capital
Venture capitalMadrid · Seed–Growth
Find your way into Fides Capital
Investment thesis
Fides Capital invests in solid, technology-based Spanish companies rather than flashy pitches. It targets B2B businesses with experienced teams, a product or service already in the market, recurring revenue, and scalable business models. It avoids early-stage ventures, capital-intensive businesses, self-employment models, one-person-dependent companies, and businesses without a clear value proposition. Checks range from €50,000 to €500,000 per project, deployed gradually against milestones and co-invested alongside other investors who lead the rounds. The firm invests its own money, favors fair valuations at entry and exit, and looks to follow on in subsequent rounds when a business works.
Source: firm website, verified Sep 27, 2026.
What founders say
No founder feedback on Fides Capital yet.
What they invest in
from 23 of 35 portfolio companiesSaaS ×12AI & Machine Learning ×6Enterprise Software ×5Consumer ×3Cybersecurity ×3Fintech ×3Marketing Tech ×3AdTech ×2
HQs:Spain×7
Investments · 35 tracked
founders shown can be your intro pathBewater Funds is an investment fund manager that enables investment in closed-end investment funds holding stakes in unlisted companies in Spain and other OECD countries, selected by Bewater Asset Management.
FintechMadrid, ES
Ramón Blanco(Co-founder & CEO)inFrançois Derbaix(Co-founder & Board Member)inUnai Ansejo(Co-founder & Board Member)in
Co-investorsAcurio VenturesCabiedes & Partners
Indexa Capital is an automated investment management company offering index-based portfolio management, pension plans, and life insurance products for individual and employment-related investors in Spain, Belgium, and France.
FintechSaaSMadrid, ES
Unai Ansejo Barra(Co-founder & Co-CEO)inFrançois Derbaix(Co-founder & Co-CEO)inRamón Blanco Duelo(Co-founder & Board Member)in
Co-investorsAcurio VenturesCabiedes & Partners
Safeguard Global provides employer of record, global payroll, contractor management, HR, and entity setup services that let companies hire and pay workers across 187 countries without setting up local entities.
Future of WorkHR TechSaaS
Agile TV (AgileContent) provides OTT and video delivery solutions through a modular, cloud-based TV-as-a-Service model, including SaaS applications, content management, multi-CDN delivery, monetization, and analytics.
Cloud ComputingMedia & EntertainmentSaaS
Co-investorsInveready Technology Investment Group
Atrys Health is a medical company specializing in oncology, telediagnosis, pathological anatomy, and nuclear medicine.
Digital HealthHealthtechMedical Devices
Digital logistics operator using algorithms and AI to optimize parcel and pallet shipping routes in real time.
Technology platform for verification and quality control in construction projects.
Datos101 provides cloud storage and backup, business continuity, cloud services, and cybersecurity solutions for businesses and partners.
Cloud ComputingCybersecurityEnterprise Software
Co-investorsFaraday Venture Partners
Restaurant company with an innovative production process for delivery, based on the cloud kitchen concept.
Devengo is a Payment Service Provider offering an API for instant account-to-account (A2A) payments, including IBAN account creation, push and pull payments, and account holder verification (Valitic).
Developer ToolsFintechSaaS
Co-investorsTheVentureCity
Energy outsourcing for businesses via owned photovoltaic panels to reduce costs through solar self-consumption.
Co-investorsKfund
Excom is a Spanish telecommunications provider offering fiber internet, mobile plans, and television service, with more than 150 TV channels and multi-device access.
Consumer
Genetic analysis specialist for disease diagnosis (exit).
Joinup provides companies with a single app for corporate mobility, including taxi service, parking, EV charging, mileage tracking, event mobility, and corporate carpooling, along with a back office portal for centralized management and billing.
Logistics & Supply ChainMobility & TransportationSaaS
Kymatio provides a human risk management platform that assesses and monitors employee cybersecurity awareness, credentials, and vulnerability to social engineering attacks.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaS
Co-investorsBStartupDozen InvestmentsElewitJME Ventures
Lawwwing is a legal compliance platform that automatically generates and updates website legal texts (privacy policy, cookies, terms and conditions) and provides a customizable cookie consent banner that blocks cookies until user consent.
CybersecurityLegalTechSaaS
Co-investorsWA4STEAM
Mailsuite (formerly Mailtrack) makes email productivity tools for Gmail and Outlook, including email tracking, document tracking, follow-up reminders, mass email/mail merge, templates, and a CRM.
Marketing TechSaaSSales Tech
Eduardo Manchón(CEO & Founder)inRaúl Ramos(CTO & Founder)inNacho González-Barros(Founder)inAgus García(Chief Finance Officer)in
Milton develops English-language teaching materials and programs for schools, covering students from early childhood through secondary (BACH), with a curiosity- and play-based methodology informed by neuroscience and neurodiversity.
AdTechEdTech
Motoreto provides a stock management and market intelligence platform for the automotive sector, analyzing over 6 million used-vehicle listings daily across more than 19 countries to offer real-time market analysis, dynamic pricing, and residual value estimates.
AI & Machine LearningMobility & TransportationSaaS
Marco Condein
Co-investorsCOREangelsEoniq.fundeSeed
Corporate communication platform (exit).
Nuubo offers a wireless, non-invasive cardiac monitoring technology (aECG) based on textile electrodes for medium- and long-term remote heart monitoring.
Digital HealthHardwareMedical Devices
Co-investorsCapital CellCriteria Bio Ventures
AI and natural language technologies applied to optimizing semantic search in Google Ads (exit).
PlayFilm provides interactive video technology powered by AI to help companies acquire new customers.
AdTechAI & Machine LearningMarketing Tech
Co-investorsBStartupDozen InvestmentsAngels Capital
Automation of document processes, removing paper from professional offices and finance departments (exit).
Rauda builds AI agents that automate customer support cases across voice, email, chat, and WhatsApp in 11 languages, resolving inquiries and taking action through conversational interactions.
AI & Machine LearningEnterprise SoftwareSaaS
Ion Cuervas-Mons Morató(Founder)in
Co-investorsJME Ventures
Smartvel is a B2B content-as-a-service and MarTech company that uses AI-powered and human-generated content to support customer experience and SEO across channels and sectors.
AI & Machine LearningMarketing TechSaaSTravel & HospitalityMadrid, ES
Iñigo Valenzuela(CFO & Founder)in
Co-investorsCriteria Venture TechFaraday Venture PartnersInternational Airlines Group (IAG)
Star Robotics develops and sells autonomous ground robots for surveillance and inspection, using onboard cameras and AI visual analysis to detect intruders, anomalies, temperature variations, and gases.
AI & Machine LearningHardwareRobotics
We Are Knitters sells knitting and crochet kits that include yarn, needles, an auxiliary needle, a textile label, and a step-by-step digital pattern accessed via QR code, aimed at hobbyist knitters from beginners to advanced.
ConsumerDirect to ConsumerE-commerce
Co-investorsCabiedes & Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Grupo NextNextWAKWetaca
Portfolio news
latest coverage across their companiesEnergy Solar Tech · euronext.com · Dec 18, 2025
Devengo · eu-startups.com · Nov 6, 2025
Smartvel · smartvel.com · Apr 3, 2025
Frequently asked questions
- How many investments has Fides Capital made?
- Fides Capital has 35 tracked investments.
- What stage does Fides Capital invest at?
- Fides Capital invests at the Seed, Series A, Growth stages.
- What is Fides Capital's typical check size?
- Fides Capital typically writes checks of $55K – $550K.
- What sectors does Fides Capital focus on?
- Fides Capital focuses on AdTech, AI & Machine Learning, Construction Tech, Cybersecurity, Developer Tools, Digital Health, EdTech, Energy, Enterprise Software, Fintech, FoodTech, GovTech, Healthtech, HR Tech, LegalTech, Logistics & Supply Chain, Marketing Tech, Media & Entertainment, Medical Devices, Mobility & Transportation, Retail Tech, Robotics, SaaS, Sector Agnostic, Travel & Hospitality.
- Where is Fides Capital located?
- Fides Capital is headquartered in Madrid, ES.
- Does Fides Capital lead rounds?
- Fides Capital typically participates in rounds rather than leading them.
- Who does Fides Capital co-invest with?
- Fides Capital most often shares deals with BStartup, Dozen Investments, Eoniq.fund, among 15 tracked co-investors.
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