Swanlaab Venture Factory

What Swanlaab Venture Factory does

Swanlaab Venture Factory is a Spanish-regulated venture capital management firm (Swanlaab Venture Factory SGEIC SA, CNMV registration 100, CIF A-86981842), founded in 2014 by Mark Kavelaars in Madrid, that operates a multi-strategy 'venture factory' platform combining three specialized fund vehicles. Swanlaab Tech Fund II invests at late-seed to early Series A in Spanish B2B high-tech software (initial ticket €0.5M+); Swanlaab Agrifood Tech Fund I (plus the co-managed Swanlaab Innvierte AgriFood Tech Fund alongside CDTI) backs Agri-Food Tech startups from concept validation through Series A; and Scipio Swanlaab SF SCR, advised by Scipio Holding, is a worldwide Search Fund targeting mid-sized business acquisitions (initial ticket €0.4M+). The firm's product stack sits atop a unified company-building methodology that provides Smart Capital, operational support across sales scaling and GTM refinement, and access to a Madrid-Israel investor and partner network.

The firm sources deals directly through a 'Submit Your Project' intake, a dedicated Ecosystem Manager (Ignacio Gallo), and recurring relationships with CDTI, Nauta, Bankinter, Prosegur, Amadeus, Adara Ventures, JME Ventures, Caixa Capital Risc, Aval-CLM, and other Spanish and international co-investors. Its active portfolio spans 30+ companies across cybersecurity (IriusRisk), insurtech (Weecover), conversational AI (Landbot, Predictiva), fintech (Unnax, Coowry), vertical SaaS (Sales Layer, Flowww, Pulpo), Agri-Food (MOA Foodtech, KOA Biotech, BigGuardian, Grodi, Pack2Earth, Granular Products), deep tech (Wodan AI, Codee), and Search Fund acquisitions (ELTI, AT Safety Training, Pharmacom, Granular Products). Documented exits include Kompyte (acquired by Semrush, NYSE: SEMR, 2022), Unnax (acquired by PSG, 2024), and Mysphera (acquired by ABE Capital, 2026). Swanlaab's revenue model is managed-services-style: management fees on committed and deployed capital across multiple fund vintages plus carried interest/capital gains on portfolio exits, delivered through an LP reporting portal at swanlaab.valuat.com.

Name

Swanlaab Venture Factory

Legal name

Swanlaab Venture Factory SGEIC SA

Website

https://swanlaab.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Swanlaab Venture Factory is a Madrid-based, CNMV-regulated Spanish venture capital management firm operating three specialized funds (Hi-Tech B2B software, Agri-Food Tech, and worldwide Search Funds) that provides Smart Capital and company-building support to early-stage Spanish and European founders.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Debt Providers (FSANAAAL)

akta.pro secondary industry

Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)

Keywords

• Venture capital funds
• Deep tech investing
• B2B software investing
• Agri-food tech investing
• Search fund investments

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Venture Capital Fund Returns: Swanlaab Venture Factory SGEIC SA is a Spanish venture capital management entity (SGEIC) registered with the CNMV under number 100 (CIF A-86981842). Revenue derives from management fees on committed/deployed capital across multiple funds (Swanlaab I, Swanlaab II, Swanlaab Tech Fund II, Swanlaab Agrifood Tech Fund I, Scipio Swanlaab SF SCR) and carried interest / capital gains realized on exits from portfolio companies (e.g., Kompyte acquired by Semrush in 2022, Unnax acquired by PSG in 2024, Mysphera acquired by ABE Capital in 2026).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Core offering

Swanlaab Venture Factory is a Madrid-based venture capital management company (Swanlaab Venture Factory SGEIC SA, CNMV registration number 100) that deploys institutional capital and hands-on company-building support into early-stage startups through three specialized fund vehicles: a Hi-Tech / B2B software fund, an Agri-Food Tech fund, and a worldwide Search Fund for SMB acquisitions. Beyond capital, it sells a 'Venture Factory' service model — Smart Capital, operational support, and global network access — to founders, generating revenue from management fees and carried interest on exits.

Product overview

Swanlaab Venture Factory operates as a venture capital firm offering a unified, multi-strategy platform built around three core investment products: the Swanlaab Tech Fund II (a late-seed to early-Series-A vehicle for high-tech B2B software startups), the Swanlaab Agrifood Tech Fund I (a late-seed to early-Series-A vehicle for Agri-Food Tech startups), and the Scipio Swanlaab SF SCR (a search-fund vehicle for acquiring mid-sized businesses). These three funds sit atop a shared service offering, the Swanlaab Venture Factory Model, which delivers Smart Capital, Operational Support, company-building expertise, and access to a global network. Investor relations are delivered through the Swanlaab Investors Access Portal (swanlaab.valuat.com), providing limited partners with portfolio visibility. Together, the funds, the methodology, and the investor portal form an integrated platform for backing ambitious Spanish and European founders across deep tech, B2B software, and agri-food innovation.

Differentiator

Problem solved

Functional benefit

Products and services

• Swanlaab Tech Fund II
• Swanlaab Agrifood Tech Fund I
• Scipio Swanlaab SF SCR (Search Fund)
• Swanlaab Investors Access Portal

Quantifiable outcome

• Portfolio exit: Kompyte acquired by Semrush (NYSE: SEMR) in 2022
• +8 more outcomes

Named customers32 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered flagship.

• Scipio HoldingflagshipStrategic or Co-development Partner · 1 April 2025Scipio Holding acts as the investment advisor for Swanlaab's Search Fund vehicle, Scipio Swanlaab SF SCR. The fund provides capital for both the search phase and acquisition of a target mid-sized business. Scipio leverages deep expertise in identifying and scaling high-potential businesses and is sector-agnostic in its worldwide acquisition mandate.
• Crescendo VPflagshipStrategic or Co-development PartnerIsrael-based Crescendo VP provides cross-border VC expertise to Swanlaab. Founder & Managing Partner Mark Kavelaars is also a Venture Partner at Crescendo VP; venture partners Yuval Avni, Zvi Schechter, Tal Mizrahi and Zeev Holtzman all draw on experience from Crescendo VP and Giza Venture Capital. Swanlaab states its 'roots in Spain and Israel' leverage this partner network.
• Giza Venture CapitalflagshipStrategic or Co-development PartnerCo-founded in 1992 by Swanlaab venture partners Zvi Schechter and Zeev Holtzman, Giza Venture Capital manages over $600M in AUM and has invested in 110+ high-tech companies with $15B in total exits. Provides deep Israeli tech investment experience to Swanlaab.
• Semrush (NYSE: SEMR)flagshipStrategic or Co-development PartnerSemrush acquired Swanlaab portfolio company Kompyte in 2022; the deal represents one of Swanlaab's documented successful exits.
• PSG (Payment Service Solutions)flagshipStrategic or Co-development PartnerPSG acquired Swanlaab portfolio company Unnax in 2024, representing another documented exit.
• ABE CapitalflagshipStrategic or Co-development PartnerABE Capital acquired Swanlaab portfolio company Mysphera in 2026 — Swanlaab's most recent documented exit.

Scale indicators8 records

Expansion highlights5 records

Direct peers

• Bonsai Partners: Spanish VC firm with both early-stage venture and growth vehicles focused on B2B SaaS and digital businesses. Comparable thesis and Spain-centric footprint; documented co-investor in Swanlaab's RepScan and Flowww.
• JME Ventures: Madrid-based early-stage VC investing in Spanish and European B2B SaaS and marketplaces. Direct peer on geography and stage; frequent co-investor with Swanlaab in IriusRisk, Smart Protection, Odilo, and Wodan AI.
• Adara Ventures: Madrid-based early-stage VC investing in deep tech, data, and cybersecurity across Spain and Europe. Comparable on geography and stage; recurring co-investor with Swanlaab in Kompyte and Wodan AI, evidencing overlapping deal flow.
• Seaya Ventures: Madrid-based early and growth-stage VC focused on Southern European tech-enabled companies. Comparable on stage and Iberian focus; one of the larger Spanish VCs by AUM, providing a benchmark for Swanlaab's growth trajectory.
• Bullnet Capital: Madrid-based early-stage VC investing in Spanish B2B tech with an active lead-investor model. Direct peer on geography, stage, and approach; represents a comparable Spanish institutional seed/A platform.
• Nauta Capital: Pan-European early-stage VC investing in B2B software and deep tech from Spain/Barcelona. Most directly comparable to Swanlaab Tech Fund II on stage, geography and thesis; recurring co-investor in Swanlaab's Landbot, Weecover, Smart Protection, and other portfolio deals.
• K Fund: Madrid-based pre-seed and seed VC focused on Spanish B2B SaaS and marketplaces. Closest direct competitor on geography and stage; co-invested with Swanlaab in Codee, demonstrating parallel sourcing in the Spanish deep-tech pool.
• Inveready: Spanish alternative finance platform with venture capital, debt and public-market vehicles investing from seed to growth. Comparable thesis overlap with Swanlaab's B2B software and deep-tech focus; co-invested alongside Swanlaab in Dolfin.

Broad incumbents

• Sabadell Venture Capital: Corporate venture arm of Banco Sabadell, investing across Spanish early and growth-stage tech companies. Larger and bank-affiliated; recurring co-investor in Trappit, Predictiva and Mysphera, with overlapping sourcing in the Spanish pool.
• Caixa Capital Risc (Criteria): Barcelona-based venture arm of CaixaBank managing multiple early-stage and growth vehicles. Larger and bank-affiliated; overlaps with Swanlaab's B2B software thesis but serves a broader portfolio role; recurring co-investor in Kompyte and Codee.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/3524806
• Xx.com/swanlaab
• Facebookfacebook.com/swanlaab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments45 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Swanlaab Venture Factory