Conexo Ventures

Conexo Ventures is a Madrid-based venture capital firm founded in 2019 that invests in software startups, with a focus on artificial intelligence and scalable, defensible business models. The firm targets opportunities across Europe and North America, prioritizing sectors such as cybersecurity, digital marketplaces, payments and finance, health, enterprise software, and related AI applications. It seeks to back early-stage companies with strong teams and growth potential, aiming to support disruptive innovation in high-growth markets.

Rafael Alvarez-Hevia Quirós

Investor

Javier Artiach Basterra

General Partner

Damien Balsan

General Partner

Javier Gonzalez

Investor

Joaquim Hierro Lopes

Partner

Past deals in Spain

Payflow

Venture Round in 2024
Payflow is a Spain-based employee benefits platform founded in 2020 that lets workers access a portion of their earned wages instantly as a benefit. The service aims to improve financial well-being and can boost productivity and engagement for employers, without impacting their cash flow. The platform provides access to earned salary and other benefits while keeping payroll settlement straightforward, enabling organizations to manage team finances without mid-month liquidity concerns.

Galgus

Series A in 2020
Galgus is a company specializing in intelligent WiFi technology that enhances network performance and delivers advanced geolocation analytics. Recognized by Gartner, it holds seven international patents and operates offices in Spain, the United States, Colombia, and Peru. Galgus has established itself as a leader in onboard WiFi technology for aircraft and trains, with over 5,000 devices installed globally. Its Smart WiFi solutions are also deployed in diverse environments, including football stadiums, schools, shopping centers, and hotels, ensuring optimal user experiences. The company's hardware-agnostic technology optimizes spectral efficiencies for various WiFi devices, improving performance while minimizing interference and power consumption. Galgus serves notable clients such as Telefónica, Boeing, and Hoteles Barceló, among others.

Bnext

Series A in 2020
Bnext is a Madrid-based fintech platform that operates as a digital banking platform and marketplace for financial products. It enables users to open a current account quickly and connect external bank accounts and other financial information within a single app. Through a curated marketplace, users can access a range of financial and insurance products from selected fintechs and banks, compare offers, and purchase or manage products without leaving the app. The company emphasizes collaboration with its partners to provide competitive, well-matched options, including offerings across real estate investment, mutual funds, loans, crowdlending, and microloans. By aggregating accounts and products, Bnext aims to simplify personal finance and expand access to diverse financial services.

Revelock

Series A in 2019
Revelock, founded in Madrid in 2015, specializes in developing advanced cybersecurity solutions focused on online fraud prevention for the banking and financial sectors. Its flagship product, bugFraud, employs sophisticated behavioral biometrics algorithms to detect anomalies in customer behavior in real-time, providing continuous, seamless protection against phishing, malware, and account takeovers, including those occurring during the onboarding phase. This solution is used globally by banks to safeguard their customers from online fraud.

Bnext

Series A in 2019
Bnext is a Madrid-based fintech platform that operates as a digital banking platform and marketplace for financial products. It enables users to open a current account quickly and connect external bank accounts and other financial information within a single app. Through a curated marketplace, users can access a range of financial and insurance products from selected fintechs and banks, compare offers, and purchase or manage products without leaving the app. The company emphasizes collaboration with its partners to provide competitive, well-matched options, including offerings across real estate investment, mutual funds, loans, crowdlending, and microloans. By aggregating accounts and products, Bnext aims to simplify personal finance and expand access to diverse financial services.
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