Madrid
Investment thesis
As Telefónica's corporate venture capital and open innovation platform, the firm identifies disruptive startups to support, invest in, and integrate into the company. Operating under the Wayra brand for over 15 years, it uses a venture-client model that gives startups access to Telefónica's network of 380 million customers, helping them scale globally. With spaces across Europe and Latin America and teams in nine countries, it aims to generate innovation with measurable impact. It also offers open innovation and investment advisory services to other corporations and institutions in entrepreneurship ecosystems.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 1 of 1 portfolio companiesAdvanced Manufacturing ×1AI & Machine Learning ×1IoT ×1Logistics & Supply Chain ×1Robotics ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro pathCyngn develops and deploys autonomous vehicle technology for industrial organizations, offering DriveMod solutions (tuggers and forklifts) that bring self-driving capabilities to logistics and material handling operations without substantial upfront costs.
Advanced ManufacturingAI & Machine LearningIoTLogistics & Supply ChainRoboticsMountain View, US
Kirt McMaster(Co-founder and former Chief Executive Officer)Steve Kondik(Co-founder and former Chief Technology Officer)Lior Tal(CEO)Ben Landen(Vice President of Business Development)Donald Alvarez(Chief Financial Officer and Director)
BoardMitch Lasky(Director)in
Co-investorsAccess IndustriesAndreessen HorowitzIndex VenturesMouro CapitalNautilus Ventures Management Company (Us), LlcPremji Invest+6 more
Exits · 1
IPOs and acquisitions across the tracked portfolioCyngnNasdaq Capital Market: CYN
Portfolio news
latest coverage across their companiesCyngn · tipranks.com · Mar 17, 2026
Frequently asked questions
- What sectors does Telefónica Ventures focus on?
- Telefónica Ventures focuses on Crypto & Web3, Sector Agnostic.
- Where is Telefónica Ventures located?
- Telefónica Ventures is headquartered in Madrid, ES.
- Who does Telefónica Ventures co-invest with?
- Telefónica Ventures most often shares deals with Andreessen Horowitz, Index Ventures, Nautilus Ventures Management Company (Us), Llc, among 10 tracked co-investors.
Media · Podcasts & interviews
from their channelFaustino Reyes, exboxeador: del boxeo olímpico a una segunda oportunidad
Telefónica
Javier Peña: la importancia de crear ciudades para todos
Telefónica
Juan José Florián: Mochoman
Telefónica
Enric Benito: cuidados paliativos y cómo acompañar en la muerte
Telefónica
Daria Bilodid judoca: de Ucrania a España para seguir luchando
Telefónica
Manuel Bouzas: arquitectura ecológica en el entorno rural
Telefónica
Images
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