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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 10 SOURCES

Kfund

Also known as K Fund, Kanoar Ventures, SGEIC, S.A.

Madrid venture capital manager (Kanoar Ventures SGEIC) founded in 2016; family of funds investing €100k–€10m from pre-seed to Series B, mainly in southern European tech startups.

HEADQUARTERS
Madrid, Spain
FOUNDED
2016
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
8 people

Focus

STAGES
Pre-SeedSeedSeries ASeries B
SECTORS
Software & SaaSArtificial IntelligenceFintech
ASSET MIX
Venture capital
GEOGRAPHY
SpainEuropeLatin America

Overview

Kfund was launched in October 2016 with a €50m first fund backed by the European Investment Fund and private investors, with Iñaki Arrola, founder of coches.com, and Carina Szpilka, formerly CEO of ING Direct Spain, in its founding team. Its manager, Kanoar Ventures SGEIC, has run a family of funds covering pre-seed (K Founders Preseed), early stage (K Fund I–III) and early growth (Lead Wind). In June 2024 it passed €70m of commitments for K3, its sixth fund, and in April 2026 launched K Founders Preseed II (about €20m, initial tickets around €300,000). Practically all its investments are in southern Europe.

Investment thesis

Backs founders from pre-seed to Series B with tickets from €100,000 to €10m, almost entirely in southern Europe, on the view that AI, data analytics, edge computing, 5G, blockchain and cloud services will reshape industries.

PORTFOLIO (12)

  • FactorialNOTABLE
    Software & SaaS · since 2018
  • Lucera
    Climate & Energy · since 2016 · Acquired (MásMóvil)
  • Exoticca
    Consumer & E-commerce · since 2018
  • Urbanitae
    Real Estate & PropTech · since 2018
  • Hubtype
    Software & SaaS · since 2019 · Acquired (Aries Global)
  • Abacum
    Fintech · since 2020
  • Barkibu
    Fintech · since 2022
  • Crescenta
    Fintech · since 2022
  • Enginy
    Artificial Intelligence · since 2024
  • Theker Robotics
    Deep Tech · since 2025
  • Tucuvi
    HealthTech · since 2025
  • HappyRobot
    Artificial Intelligence · since 2026

People

  • Iñaki Arrola
    General Partner (co-founder) · source
  • Carina Szpilka
    Founding team member · source
  • Pablo Ventura
    Founding team member · source
  • Jaime Novoa
    Founding team member · source
  • Marc Clemente
    Partner; leads the pre-seed investment programme · source
  • Sergio Álvarez Leiva
    Team member (co-founder of CARTO and Tinybird) · source
  • Gustavo Ribas
    Leads Latin America presence · source
  • Cristina Garcia-Margallo
    Head of Legal and Finance · source

Links

Frequently asked questions

Kfund is a VC fund based in Madrid, Spain, founded in 2016.

Yes. Kfund invests its own capital in private companies.

Kfund invests at Pre-Seed, Seed, Series A and Series B stages in Software & SaaS, Artificial Intelligence and Fintech.

Kfund's stated ticket size is €100K–€10M.

Key people at Kfund include Iñaki Arrola (General Partner (co-founder)), Carina Szpilka (Founding team member), Pablo Ventura (Founding team member) and Jaime Novoa (Founding team member).

Kfund's investments include Factorial, Lucera, Exoticca, Urbanitae, Hubtype, Abacum, Barkibu and Crescenta, among others.

The most recent publicly reported investment by Kfund is HeyDiga (Seed (€5.5m, led by 6 Degrees Capital; Kfund participated)), announced in Sep 2026.

Yes. Kfund manages capital from outside investors.