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VC FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

ESC Venture Capital

Also known as ESC Venture Capital, SGEIC, S.A., Encomenda Smart Capital, ESC VC

Barcelona seed VC manager (formerly Encomenda Smart Capital) of the €24M ESC Tech Fund I (ex-Encomenda Seed I), now in divestment; ~40 Spanish digital start-ups.

HEADQUARTERS
Barcelona, Spain
FOUNDED
2017
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
6 people

Focus

STAGES
Seed
SECTORS
Software & SaaSFintechConsumer & E-commerceHealthTech
ASSET MIX
Venture capital
GEOGRAPHY
Spain

Overview

ESC Venture Capital, SGEIC, S.A. is a CNMV-registered manager (no. 130, September 2017), founded by former business angels Carlos Blanco and Oriol Juncosa. Originally named Encomenda Smart Capital, it was renamed in 2023 when the Encomenda brand moved to Encomenda Capital Partners; it manages the €24M ESC Tech Fund I (formerly Encomenda Seed I), which made about 40 seed investments and is in its divestment period. The website states initial tickets of €100K–€350K and up to €1.8M per company.

Investment thesis

Seed-stage digital companies, mainly Spanish, with initial investments of €100K–€350K and up to €1.8M per company, applying a business-angel approach with fund capacity.

PORTFOLIO (12)

  • CobeeNOTABLE
    Fintech
  • LandbotNOTABLE
    Artificial Intelligence
  • Declarando
    Fintech · Acquired (by Visma)
  • Chekin
    Software & SaaS
  • Kampaoh
    Consumer & E-commerce
  • Mediquo
    HealthTech
  • Nemuru
    Fintech
  • OKTicket
    Software & SaaS
  • Erudit
    Software & SaaS
  • Amphora Logistics
    Software & SaaS
  • Bloobirds
    Software & SaaS
  • Cafler
    Mobility & Logistics

People

Links

Frequently asked questions

ESC Venture Capital is a VC fund based in Barcelona, Spain, founded in 2017.

Yes. ESC Venture Capital invests its own capital in private companies.

ESC Venture Capital invests at Seed stage in Software & SaaS, Fintech, Consumer & E-commerce and HealthTech.

ESC Venture Capital's stated ticket size is €100K–€350K.

Key people at ESC Venture Capital include Carlos Blanco (Co-Founder & Managing Partner), Oriol Juncosa (Co-Founder & Managing Partner), Edgar Grande (Finance & Portfolio Manager) and Mario Brassesco (Venture Partner).

ESC Venture Capital's investments include Cobee, Landbot, Declarando, Chekin, Kampaoh, Mediquo, Nemuru and OKTicket, among others.

Yes. ESC Venture Capital manages capital from outside investors.