What 4Founders Capital does

4Founders Capital is a Barcelona-based private venture capital firm founded in 2017 that invests in early-stage technology startups from Pre-Seed to Series A+, with ticket sizes ranging from €100K to €4M. The firm is led by four Managing Partners who are themselves serial entrepreneurs and operators: Jesús Monleón (founder of eMagister, Offerum, SeedRocket; 40+ angel investments, 13 exits), Marc Badosa Rigau (20+ years of VC, 40+ investments, raised 6 Spanish ECRs), Marek Fodor (co-founder and CTO of Atrápalo), and Javier Pérez-Tenessa (co-founder and CEO of eDreams, a publicly listed unicorn). The team of approximately 10 professionals is supported by a co-investor network of other Spanish and European VCs (Sabadell Venture Capital, Cathay Innovation, Battery Ventures, Earlybird, Kfund, Lavanda Ventures, Cathay Innovation, Creandum, Samaipata, among others).

The firm operates a platform of regulated Spanish fund vehicles rather than a single product: 4Founders Capital II F.C.R.E. and 4Founders Capital III F.C.R.E. (the latter focused on AI and B2B SaaS models in fintech, cybersecurity, and traveltech, with up to €14.75M committed by CDTI Innovación in October 2025), SeedRocket 4Founders Capital F.C.R.E., Flanks Opportunity F.C.R.E., and 4Founders Capital Hospitality F.C.R.E. (a €60M hotel real estate fund targeting Tier 2 Spanish cities, launched January 2026 with CNMV approval). Notable portfolio exits include Holded (acquired by Visma Group, June 2021), Hubuc (Cross River Bank, July 2024), Wide Eyes (Stylitics, July 2023), and Instamaki (Glovo, December 2019).

The business model is conventional fund management economics: 4Founders Capital generates management fees on committed/deployed capital across its F.C.R.E. vehicles and earns carried interest on successful portfolio exits, supplemented by founder-level operational support to portfolio companies. The firm serves early-stage founding teams building disruptive, tech-enabled businesses targeting international markets and value creation exceeding €300M, while also serving institutional LPs (CDTI, EIF, ICF, ICO) and the new Hospitality fund's hotel operator LPs. Geographic focus is primarily Spain and broader Europe, with Fund III explicitly extending to global investments and selected deals reaching Mexico (Cofers).

Name

4Founders Capital

Legal name

4Founders Capital

Website

https://4founderscapital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Barcelona-based venture capital firm investing from Pre-Seed to Series A+ (€100K–€4M tickets) in tech startups, led by serial entrepreneurs from eDreams, Atrápalo, eMagister and Offerum, with AI/B2B SaaS and hospitality fund vehicles.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Other Financial Vehicles (525990), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industries

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA), Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG)

Keywords

• Venture capital investing
• Early-stage tech funding
• Fund management services
• Startup investment funds
• Private equity management

Headquarters

HQ city

Barcelona

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

Revenue model

1. Venture capital fund management: 4Founders Capital manages multiple venture capital funds (4Founders Capital Fund II, Fund III, 4Founders Capital Hospitality, Flanks Opportunity, SeedRocket 4Founders Capital). Revenue is generated through management fees on committed capital and carried interest on successful exits. Fund III received up to €14.75M from CDTI Innovación, and the Hospitality fund has €60M investment capacity with a six-year duration.
2. Capital gains from portfolio exits: Returns are realized through exits and secondary sales of portfolio companies — historical exits include Holded (acquired by Visma Group, June 2021), Hubuc (acquired by Cross River Bank, July 2024), Instamaki (acquired by Glovo, December 2019), Wide Eyes (acquired by Stylitics, July 2023), Sheetgo (secondary sale March 2022), Easygoband (secondary sale April 2021), and Payzaar (secondary sale June 2021).

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

4Founders Capital is a Barcelona-based venture capital firm that manages a family of Spanish F.C.R.E. fund vehicles (Fund II, Fund III, Hospitality, SeedRocket, and Flanks Opportunity). It invests from Pre-Seed to Series A+ in early-stage technology startups with B2B SaaS and AI models, deploying tickets from €100K to €4M into founding teams and providing operator-level guidance. In addition to core tech VC funds, the firm has launched a specialized real-estate opportunity fund (4Founders Capital Hospitality F.C.R.E.) for hotel investments in Tier 2 Spanish cities.

Product overview

4Founders Capital is a Barcelona-based venture capital firm that offers its product through a platform of multiple fund vehicles rather than a single product. Its core offering consists of early-stage venture capital funds — including 4Founders Capital II F.C.R.E., 4Founders Capital III F.C.R.E., and SeedRocket 4Founders Capital F.C.R.E. — that invest from Pre-Seed to Series A+ (tickets from €100K to €4M) in tech startups with B2B SaaS models and strong AI adoption across fintech, cybersecurity, traveltech, and related verticals. Alongside its core VC funds, the firm has launched a specialized real-estate opportunity fund (4Founders Capital Hospitality F.C.R.E.) for hotel investments in Tier 2 Spanish cities and a co-managed vehicle (Flanks Opportunity F.C.R.E.). The firm surfaces its portfolio of investee companies (e.g., GuruSup, Cofers, ShowMe, Steryon, Altan, Punto Post, Mogu, Embat, Vidext, The Hotels Network, Securitize, Holded, Hubuc) on its homepage to demonstrate its investment activity.

Differentiator

Problem solved

Functional benefit

Brands

• 4Founders Capital Hospitality: Hotel real estate investment fund launched in January 2026 with €60 million investment capacity and CNMV approval; targets roughly 15 hotels in Tier 2 Spanish cities with strong tourism demand.

Products and services

• 4Founders Capital II F.C.R.E.

Quantifiable outcome

• Target net IRR above 12% for investors; ~18% IRR per transaction in Hospitality fund
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship operational partner and portfolio-level technology partner.

• GaiaRoomsflagship operational partnerStrategic or Co-development PartnerStrategic partnership on the 4Founders Capital Hospitality fund: Enrique Domínguez, founder of GaiaRooms (which manages over 100 hotels), joined the fund as Head of Investment Strategy, combining the VC firm's capital with GaiaRooms' hotel operator expertise to invest in approximately 15 hotels across Tier 2 Spanish cities.
• Googleportfolio-level technology partnerTechnology or IntegrationPortfolio company Embat partnered with Google in 2022 to develop the first AI use case for accounting automation, leveraging Google Cloud AI capabilities for Embat's TellMe AI analyst product.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Samaipata: Madrid-based early-stage VC investing across Europe with a digital and tech focus. Co-invested with 4Founders Capital on Embat's Series B and competes in the Spanish/European early-stage market.
• Kfund: Spanish early-stage venture capital firm investing in B2B SaaS and tech-enabled startups. Direct co-investor with 4Founders Capital (e.g., Mafer AI's €2M pre-Seed round), making it one of the most comparable Spanish early-stage VCs.
• Sabadell Venture Capital (InnoCells): Banco Sabadell's corporate VC arm investing in early- and growth-stage Spanish startups. Direct co-investor with 4Founders Capital on rounds such as Cofers, and a competitor for the same Spanish early-stage deal flow.
• Inveready: Spanish alternative investment manager with technology-focused venture capital funds. Competes with 4Founders Capital for early-stage Spanish tech deals and was previously an employer of 4Founders Associate Joan Cavallé.
• Caixa Capital Risc: Venture capital arm of 'la Caixa', investing in Spanish early-stage startups across tech and life sciences. Direct competitor in the Spanish early-stage market; both Jesús Monleón and Marc Badosa previously held investment roles there.
• JME Ventures: Madrid-based early-stage VC focused on Spanish and European tech startups. Co-invested with 4Founders Capital on Flanks' Series A and competes for similar pre-seed and seed opportunities in Spain.

Broad incumbents

• Battery Ventures: Global venture capital firm investing across stages in B2B software, fintech, and industrial tech. Co-investor with 4Founders on Flanks' Series A; represents a much larger incumbent whose presence validates 4Founders' portfolio companies.
• Creandum: Pan-European early- and growth-stage VC with a strong Nordic and German presence. Co-investor alongside 4Founders on Embat's Series B; represents a larger, geographically broader competitor in European tech VC.
• Earlybird Venture Capital: One of Europe's largest early-stage VCs, investing across B2B SaaS, fintech, and deep tech. Co-investor on Flanks' Series A with 4Founders and a broader incumbent competing for the same European Series A opportunities.
• Cathay Innovation: Paris-based global venture capital firm with a focus on AI-powered fintech and digital transformation. Led Embat's €30M Series B in which 4Founders participated, and represents a larger pan-European competitor for AI/B2B SaaS deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/4FoundersCap
• LinkedInlinkedin.com/company/4founders-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments83 records

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

Frequently asked questions about 4Founders Capital