Alma Mundi Ventures

What Alma Mundi Ventures does

Alma Mundi Ventures (operating as Mundi Ventures) is a Madrid-headquartered venture capital firm founded in 2015 that invests in technology-driven companies across insurtech, fintech, deep tech, climate tech, and retail tech. The firm is structured as a Sociedad Gestora de Entidades de Inversión Colectiva (SGEIC) regulated by the Spanish securities regulator CNMV and operates from offices in Madrid, Barcelona, London, Paris, and San Francisco with a team of approximately 20-25 professionals representing 14-17 nationalities. Its investment platform centers on two flagship vehicles: Kembara Fund I, Europe's largest dedicated deep tech growth fund targeting €1 billion (€750 million first close achieved in February 2026), and LatAm Fund I, a $100 million fund targeting fintech, insurtech, healthtech, and climate companies in Latin America and the Caribbean. Assets under management total approximately €1.5 billion ($1.7 billion) across a portfolio of 70+ technology companies.

The firm's core differentiation is its LP base of insurance carriers and financial institutions (European Investment Fund, Criteria Caixa, CDTI Innovación, IDB Invest, COFIDES, AECID, Allianz, and regional LatAm insurance groups), which provides portfolio companies with embedded distribution, underwriting partnerships, and commercial validation unavailable from generalist VCs. The senior team combines institutional and operating pedigree: CEO Javier Santiso (former OECD Development Centre Chief Economist and Khazanah CEO Europe), Partner Rajeev Singh-Molares (former DHL CEO EMEA), Venture Partner Delfín Rueda (former NN Group CFO), and Partner Lluis Viñas (former Minsait strategy consultant). Investments are sourced through direct outreach, industry events, and LP network referrals, with check sizes ranging from early-stage venture rounds to growth equity tickets up to €100 million per company under Kembara.

Revenue mechanics follow the standard fund management model: recurring management fees of approximately 1.5-2% of AUM plus carried interest on exits. The firm holds UN PRI signatory status, operates under EU SFDR Article 8, and is affiliated with ILPA, SpainCap, and FranceInvest. Founded by Javier Santiso and Rajeev Singh-Molares, Mundi Ventures functions as a thematic platform addressing capital gaps in European deep tech scale-up and Latin American financial and health protection access.

Name

Alma Mundi Ventures

Legal name

Alma Mundi Ventures, SGEIC, S.A.

Website

https://mundiventures.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Mundi Ventures is a Madrid-based venture capital firm managing €1.5 billion AUM across 70+ technology companies, operating two flagship funds: Kembara Fund I (Europe's largest deep tech growth fund) and LatAm Fund I, serving early-growth and growth-stage startups in insurtech, fintech, deep tech, and climate.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

• Venture capital investing
• Deep tech investments
• Insurtech venture capital
• Growth stage funding
• Climate tech investments

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management: Mundi Ventures generates revenue through management fees charged on assets under management (typically 1.5-2% annually) and carried interest (typically 20% of profits above a hurdle rate) from their venture capital funds including Kembara Fund, LatAm Fund I, and other regional funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Alma Mundi Ventures (Mundi Ventures) is a venture capital firm that raises capital from institutional limited partners and deploys it into early-growth and growth-stage technology companies across insurtech, fintech, deep tech, climate tech, healthtech, and retailtech. The firm manages thematic funds including Kembara Fund I (€1 billion target focused on European deep tech Series B/C rounds) and LatAm Fund I ($100 million focused on Latin American fintech and insurtech), supporting a portfolio of 70+ technology companies globally.

Product overview

Mundi Ventures operates as a venture capital platform offering two primary fund products: Kembara Fund I (a €1 billion deep tech and climate growth fund investing in European Series B/C rounds across AI, quantum computing, robotics, clean energy, and space technology) and LatAm Fund I (a $100 million fund targeting early-growth fintech, insurtech, and healthtech companies in Latin America). The firm also manages a portfolio of 70+ technology companies globally across insurtech, fintech, deeptech, climate tech, healthtech, retailtech, and diaspora sectors, with assets under management of approximately €1.5 billion ($1.7 billion).

Differentiator

Problem solved

Functional benefit

Brands

• Kembara Fund: Europe's largest dedicated deep tech growth fund, targeting Series B and C rounds in AI, quantum computing, robotics, clean energy, and space technology with €1 billion target size.

Products and services

• Kembara Fund I Europe's largest dedicated deep tech growth fund targeting €1 billion (first close at €750 million). Invests in Series B and C rounds across deep tech sectors including AI, quantum computing, robotics, clean energy, space technology, and advanced materials, targeting European SMEs and midcaps at growth stage.
• LatAm Fund I $100 million venture capital fund targeting early-growth companies expanding access to financial and health protection across Latin America and the Caribbean. Invests in Fintech, Insurtech, Healthtech, Climate, and adjacent sectors, focusing on AI-first and deep tech companies building proprietary infrastructure and data-driven distribution models.

Quantifiable outcome

• Kembara Fund addresses the critical market failure where only 3% of European deep tech companies successfully raise Series B/C rounds despite Europe producing 28% of global deep tech innovations
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Inditexco-developmentStrategic or Co-development PartnerInditex partnered with Mundi Ventures through a fund vehicle to invest in technology startups including THEKER Robotics ($21M seed round), Epoch Biodesign ($18.3M Series A), Galy, and Infinited Fiber, focusing on textile innovation and sustainability.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Atomico: London-based venture capital firm investing across European technology at growth stage. Directly comparable to Mundi as a European-headquartered, sector-aware tech VC that writes Series B/C cheques, though with significantly larger flagship fund sizes.
• EQT Ventures: Growth-stage European tech VC affiliated with EQT, deploying large funds into European Series B/C rounds across deep tech, fintech and climate. Directly comparable given overlap with Kembara's mandate and ticket sizes.
• Earlybird: Berlin-based European venture investor with deep tech and growth funds. Comparable to Mundi as a multi-fund European VC writing growth-stage deep tech cheques.
• Speedinvest: Vienna-based European venture firm with sector-focused vertical funds (fintech, insurtech, deep tech, climate). Closely comparable structure to Mundi's multi-fund, sector-thematic platform.
• Balderton Capital: London-based European Series A/B venture investor with a fintech and deep tech tilt. Comparable as a European-domiciled, multi-stage tech VC.
• Octopus Ventures: UK-based venture arm of Octopus Group investing across European fintech, health and deep tech. Comparable as a European sector-thematic tech investor with institutional LP backing.
• Northzone: Nordic-rooted European VC investing across fintech, health and consumer tech from Series A to growth. Comparable as a multi-stage European tech investor with global reach.

Broad incumbents

• Index Ventures: Global venture firm with deep European roots investing across fintech, insurtech, deep tech and other verticals. Comparable as a multi-stage European tech investor with stronger brand and longer track record than Mundi.

Emerging players

• Anthemis: Specialist insurtech/fintech venture firm with deep ties to incumbent financial institutions. Closely comparable to Mundi's insurtech vertical and LP-as-distribution thesis, though smaller AUM.
• CommerzVentures: Frankfurt-based fintech/insurtech venture firm backed by Commerzbank. Comparable to Mundi as a strategic-LP-anchored European fintech/insurtech specialist.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/url
• Xx.com/mundi_ventures

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments109 records

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

Frequently asked questions about Alma Mundi Ventures