K Fund

K Fund is a multi-stage venture capital firm that provides early-stage venture investments to startups across Spain, Portugal, and Latin America. It promotes the evolution of the Spanish ecosystem by investing in digital-first companies. K fund was founded in 2016 by Inaki Arolla, Carina Szpilka, and Ian Noel and is based in Madrid, with offices in Barcelona and Lisbon.

Ignacio Larrú

General Partner

Jaime Novoa

Principal

Marc Clemente Yeves

Principal

Sergio Álvarez-Leiva

General Partner

Gustavo Ribas

Venture Partner and Head of LatAm

Past deals in Spain

Orain

Seed Round in 2025
Orain Technologies, S.L. is a Barcelona-based company that specializes in developing a mobile application designed to facilitate interaction between people and machines. Founded in 2016, Orain offers an e-payment platform that connects users to various self-service machines, including vending machines, coffee services, parking systems, and ticketing machines. The platform employs artificial intelligence and big data to provide a personalized user experience, enabling functionalities such as purchase, payment, and messaging. Users can access tailored offers and communicate with machines, while machine owners benefit from data collection and analysis to enhance their services. Through its innovative approach, Orain aims to streamline and improve the self-service process for both consumers and operators.

Quibim

Series A in 2025
Quibim, headquartered in Valencia, Spain, is a leader in whole-body medical imaging analysis, providing innovative AI-based image processing technologies. Its products, utilized by pharmaceutical companies and research teams globally, focus on extracting quantitative information from radiological images. Quibim Precision®, the company's whole-body imaging ecosystem, supports a variety of applications, from disease detection to monitoring the effectiveness of new treatments. By employing an AI-first approach, Quibim enables partners to accurately identify pathologies across different body parts and imaging modalities, ultimately enhancing the diagnosis of high-incidence illnesses and assessing treatment outcomes. This commitment to leveraging advanced imaging biomarkers contributes significantly to improving human health.

Bdeo

Series B in 2023
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Barkibu

Venture Round in 2023
Barkibu is a digital health service provider for animals, founded in May 2015 by Enrique Torres Redondo, Pablo Pazos, and Patricia Mendez Seoane in A Coruna, Spain. The company offers an online veterinary consultation platform that enables pet owners to easily find and book appointments with veterinarians, ask professional veterinarians questions, and conduct check-ups via video conferencing. By combining artificial intelligence with the expertise of veterinarians, Barkibu facilitates remote pet care, allowing owners to address their pets' health needs conveniently and efficiently.

iF lastmile

Seed Round in 2022
iF Lastmile, established in January 2020 in Madrid, Spain, addresses the global challenge of waste generated by the fashion industry, where a significant amount of clothing is discarded every second. The company specializes in last-mile logistics services aimed at facilitating exchanges and returns for eCommerce brands, which account for a substantial portion of online purchases. By offering hyper-personalized packing and efficient delivery solutions, iF Lastmile aims to reduce the friction associated with returns, ultimately helping retailers minimize costs and waste. Additionally, the company provides comprehensive operations and warehousing services, enabling clients to achieve flexible and cost-effective logistics tailored to their needs.

Factorial

Series C in 2022
Factorial is a human resources company based in Barcelona, founded in 2016 by Bernat Farrero and Jordi Romero. It provides a comprehensive HR management platform tailored for small and medium-sized businesses. The platform offers a range of solutions, including holiday and sick leave management, payroll automation, document management, and employee benefits administration. By streamlining these HR processes, Factorial helps organizations reduce errors and gain better visibility into their workforce data, ultimately improving efficiency for human resource managers.

iF lastmile

Seed Round in 2021
iF Lastmile, established in January 2020 in Madrid, Spain, addresses the global challenge of waste generated by the fashion industry, where a significant amount of clothing is discarded every second. The company specializes in last-mile logistics services aimed at facilitating exchanges and returns for eCommerce brands, which account for a substantial portion of online purchases. By offering hyper-personalized packing and efficient delivery solutions, iF Lastmile aims to reduce the friction associated with returns, ultimately helping retailers minimize costs and waste. Additionally, the company provides comprehensive operations and warehousing services, enabling clients to achieve flexible and cost-effective logistics tailored to their needs.

Factorial

Series B in 2021
Factorial is a human resources company based in Barcelona, founded in 2016 by Bernat Farrero and Jordi Romero. It provides a comprehensive HR management platform tailored for small and medium-sized businesses. The platform offers a range of solutions, including holiday and sick leave management, payroll automation, document management, and employee benefits administration. By streamlining these HR processes, Factorial helps organizations reduce errors and gain better visibility into their workforce data, ultimately improving efficiency for human resource managers.

Bdeo

Series A in 2020
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Shopery

Funding Round in 2020
Shopery is a technology company based in Barcelona that specializes in enabling brands and corporations to launch and scale both B2C and B2B marketplace businesses through its software-as-a-service (SaaS) platform. Founded in 2015, Shopery offers a fully integrated solution that includes backoffice functionalities for marketplace owners and sellers, as well as a user-friendly storefront for buyers. The platform streamlines various marketplace operations, such as vendor management, content moderation, and commission calculations, allowing for efficient marketplace implementation. Additionally, Shopery provides customization options to meet the unique needs of its clients, facilitating the digital transformation of businesses and improving customer service while reducing operational costs.

Factorial

Series A in 2020
Factorial is a human resources company based in Barcelona, founded in 2016 by Bernat Farrero and Jordi Romero. It provides a comprehensive HR management platform tailored for small and medium-sized businesses. The platform offers a range of solutions, including holiday and sick leave management, payroll automation, document management, and employee benefits administration. By streamlining these HR processes, Factorial helps organizations reduce errors and gain better visibility into their workforce data, ultimately improving efficiency for human resource managers.

Frontity

Seed Round in 2020
Frontity is a company that specializes in open source software for WordPress, focusing on enhancing the performance of mobile sites. Founded in late 2017, Frontity initially developed a mobile WordPress theme called Frontity PRO in response to the needs of large Spanish publishers seeking to improve their mobile site experience. Utilizing an internal React framework, Frontity enabled the efficient fetching of content via the WordPress REST API, leading to a successful theme that reached over 20 million readers. In 2019, leveraging their insights and experiences, the company launched an open source framework that allows developers to use WordPress as a headless CMS paired with a React frontend. Frontity aims to streamline the integration of WordPress and React, making it easier for developers to create fast, engaging mobile experiences.

Bdeo

Venture Round in 2019
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Chronoexpert

Venture Round in 2018
Chronoexpert is a global platform for buying and selling used watches. Born in Spain with the mission to revolutionize the watch market, generating confidence both the buyer and the seller. As intermediaries, they ensure the "door to door" transaction: the seller has the insured payment and the buyer is certain that they are team of experts authenticates each watch individually. The most advanced technology combined with a customer service team prepared for any need, makes Chronoexpert the ideal platform to buy and sell your next watch. they are independent and offer the largest range of brands and models. From the most modern models to limited editions or collectors.

Shopery

Funding Round in 2018
Shopery is a technology company based in Barcelona that specializes in enabling brands and corporations to launch and scale both B2C and B2B marketplace businesses through its software-as-a-service (SaaS) platform. Founded in 2015, Shopery offers a fully integrated solution that includes backoffice functionalities for marketplace owners and sellers, as well as a user-friendly storefront for buyers. The platform streamlines various marketplace operations, such as vendor management, content moderation, and commission calculations, allowing for efficient marketplace implementation. Additionally, Shopery provides customization options to meet the unique needs of its clients, facilitating the digital transformation of businesses and improving customer service while reducing operational costs.

Factorial

Seed Round in 2018
Factorial is a human resources company based in Barcelona, founded in 2016 by Bernat Farrero and Jordi Romero. It provides a comprehensive HR management platform tailored for small and medium-sized businesses. The platform offers a range of solutions, including holiday and sick leave management, payroll automation, document management, and employee benefits administration. By streamlining these HR processes, Factorial helps organizations reduce errors and gain better visibility into their workforce data, ultimately improving efficiency for human resource managers.

Frontity

Seed Round in 2018
Frontity is a company that specializes in open source software for WordPress, focusing on enhancing the performance of mobile sites. Founded in late 2017, Frontity initially developed a mobile WordPress theme called Frontity PRO in response to the needs of large Spanish publishers seeking to improve their mobile site experience. Utilizing an internal React framework, Frontity enabled the efficient fetching of content via the WordPress REST API, leading to a successful theme that reached over 20 million readers. In 2019, leveraging their insights and experiences, the company launched an open source framework that allows developers to use WordPress as a headless CMS paired with a React frontend. Frontity aims to streamline the integration of WordPress and React, making it easier for developers to create fast, engaging mobile experiences.

BEONx

Seed Round in 2017
BEONx is a Spanish travel technology company specializing in hotel revenue management solutions. The company has developed an innovative system that optimizes pricing and distribution by analyzing consumer expectations and purchasing habits. Its software integrates various objective parameters, including location, hotel services, and online reputation, to help hotel chains assess room availability, demand, and competitor pricing. A key offering is the HQI™, an index that measures the overall quality of a hotel, allowing clients to understand their competitive position and price elasticity in the market. With over 2,000 customers across more than 30 countries, BEONx serves a diverse range of hotel chains, enabling them to implement effective revenue strategies tailored to market dynamics.
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