Kaudal
Kaudal is a Spanish fintech and ARQUIMEA subsidiary that provides non-dilutive R&D+i financing through Tax Lease, connecting innovative companies with private investors to transfer fiscal incentives across biotech, health, aerospace, digital, and agri-food sectors in Spain.
- Company typePrivate
- Founded2016
- HeadquartersSanta Cruz De Tenerife, Spain
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Kaudal does
Kaudal Control y Gestión de Proyectos, S.L.U. is a Spanish fintech that intermediates non-dilutive R&D+i financing for technology-intensive companies through the Tax Lease (Mecenazgo Tecnológico) mechanism. Founded in 2016 as a wholly-owned subsidiary of ARQUIMEA Group, the company identifies R&D projects with economic and social potential, structures the transfer of fiscal incentives (tax deductions and credits) from those companies to private investors, and earns transaction fees for matching and structuring each deal. Since inception, Kaudal has co-financed over 535 R&D+i projects and mobilized more than €575 million in private capital, offering approximately 35% financing coverage on project expenses for companies and approximately 30% returns for investors.
The company's underlying platform combines fiscal-structuring expertise with a multidisciplinary team of lawyers, economists, fiscal specialists, and engineers. Its core offering, the Tax Lease product, typically completes the application-to-funding cycle in roughly three months and serves as the primary revenue engine. Kaudal also runs Capital Riesgo (Venture Capital) operations investing in early-stage technology companies and launched the Orbita.k initiative in March 2021 to broaden patron-investor connections. Distribution relies on direct advisory plus a network of institutional partnerships (Cámara de Comercio de Madrid, COTEC, ASEBIO, Vet+i, Universidad Europea, CEAJE, mentorDay, El Talentón, Deeptech Spin-off Discovery), and the company operates from Santa Cruz de Tenerife with active presence in Madrid, Granada, and Galicia. Kaudal benefits from capital and reputational backing of ARQUIMEA, a global technology group with 500+ professionals, operations in 40+ countries, and revenues exceeding €100 million in fiscal year 2025.
Kaudal firmographics
Firmographics- Name
- Kaudal
- Legal name
- Kaudal Control y Gestión de Proyectos, S.L.U
- Website
- https://kaudal.es
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kaudal is a Spanish fintech and ARQUIMEA subsidiary that provides non-dilutive R&D+i financing through Tax Lease, connecting innovative companies with private investors to transfer fiscal incentives across biotech, health, aerospace, digital, and agri-food sectors in Spain.
- Ownership category
- akta.pro rank
Kaudal industry classification
Industry- Product category
- R&D Tax Incentive Financing
- NAICS
- Miscellaneous Intermediation (52391)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Project Finance Capital Raising Intermediation (FSAEALAJ)
- akta.pro secondary industries
- SBIC Venture Debt Funds (FSANAIAD), Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)
Keywords
Where Kaudal is headquartered
LocationHeadquarters
- HQ city
- Santa Cruz De Tenerife
- HQ country
- Spain
- HQ region
- Europe
Offices3 records
Markets served
Kaudal business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Tax Lease / Mecenazgo Tecnológico Services: Kaudal facilitates financing for R&D+i projects by connecting innovative companies with private investors. They structure fiscal incentive transfers, earning fees for matching companies seeking funding with investors interested in tax benefits. The mechanism enables companies to finance approximately 35% of their project expenses while investors receive returns of around 30%.
- Venture Capital Operations: Kaudal conducts venture capital operations, investing in early-stage companies with marked R&D and technological DNA in development and commercialization phases, contributing to accelerate technology scaling processes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Financing for R&D projects - approximately 35% of project expenses |
| Outcome Based/ Performance | Multi-year contract | Investment returns for investors - approximately 30% profitability |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Kaudal product offering
Product offeringCore offering
Kaudal operates a Spanish Tax Lease / Mecenazgo Tecnológico intermediation business that transfers fiscal incentives from R&D+i companies to private investors, enabling innovative companies to finance approximately 35% of their R&D+i project expenses without diluting equity while investors receive approximately 30% tax-adjusted returns. In parallel, it conducts Capital Riesgo (venture capital) operations in early-stage technology companies with strong R&D profiles, and offers advisory and structuring services through partnerships with accelerators, business associations, and technology parks across Spain.
Product overview
Kaudal is a Spanish fintech company that offers a dual core service: (1) Tax Lease / Mecenazgo Tecnológico — a non-dilutive financing instrument that connects R&D+i companies with private investors through fiscal incentive transfers, providing approximately 35% financing for innovation projects and 30% returns for investors; and (2) Capital Riesgo operations — venture capital investments in early-stage technology companies with strong R&D profiles. The company positions itself as a facilitator between the scientific/technology ecosystem and investment capital, operating exclusively in the Spanish R&D+i financing market.
Differentiator
Problem solved
Functional benefit
Products and services
- Tax Lease / Mecenazgo Tecnológico A non-dilutive financing instrument that transfers fiscal incentives (tax deductions) from R&D+i projects of innovative companies to private investors, financing approximately 35% of the project's expenses for the company while delivering approximately 30% tax-adjusted returns for investors. Targeted at technology-intensive Spanish companies conducting research, development and innovation activities and at private investors seeking tax-efficient, multi-year investments.
- Capital Riesgo (Venture Capital Operations) Venture capital operations that invest in early-stage companies with marked R&D and technological DNA in development and commercialisation phases, contributing to accelerating technology scaling processes in Spain. Targeted at deeptech and technology-intensive startups requiring capital and structuring support.
- Orbita.k Platform initiative developed by Kaudal in Spain that connects companies with patrons ("mecenas") to finance innovative projects through private capital and fiscal deductions, operationalising the Tax Lease mechanism to channel resources between R&D+i sponsors and private funders.
Quantifiable outcome
- 535+ R&D+i projects co-financed
- +4 more outcomes
Companies that use Kaudal
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Kaudal technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Kaudal partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and flagship.
- Deeptech Spin-off Discovery 2026coreKaudal participates in the DSD 2026 program at PTS Granada, helping transform scientific projects into investment-ready deeptech startups. Partners include CaixaBank, Eurofunding, FLM, Universidad de Granada, and PTS Foundation.
- El TalentóncoreStrategic alliance to connect alternative financing with young entrepreneurs and high-impact projects in Canary Islands. The partnership enables innovative projects to access Tax Lease financing and provides training on alternative financing models.
- mentorDaycoreKaudal partnered with mentorDay's acceleration program to collaborate on financing innovative startups through Tax Lease, providing access to financing for high-impact projects.
- CEAJEcoreKaudal integrated into CEAJE's financing office to boost R&D+i among young entrepreneurs, providing expertise in identifying innovative projects with potential.
- ARQUIMEA Research CentercoreARQUIMEA Research Center is Kaudal's research arm, inaugurated in Tenerife in 2020 with 100+ researchers from 13 nationalities working on AI, photonics, quantum cryptography, robotics, and biotechnology projects.
- Universidad EuropeaminorUniversidad Europea and Kaudal established collaboration to promote development of R&D+i projects, opening channels for university research to access non-dilutive financing.
- COTECflagshipKaudal joined COTEC as a full member, gaining access to Spain's leading innovation advocacy foundation and positioning within the innovation ecosystem.
- ASEBIOcoreKaudal participated as Platinum Sponsor at ASEBIO Investor Day, the reference event for biotech companies and investors. The partnership aims to boost R&D in Spanish biotech through non-dilutive financing mechanisms.
- Fundación Vet+icoreKaudal signed a Business Partner agreement with Fundación Vet+i to promote investment in R&D within the animal health sector through technological patronage. Kaudal became the second Business Partner of the foundation which represents over 740 members in animal health research.
- Cámara de Comercio de MadridcoreKaudal joined the Club Cámara de Madrid as a Premium Corporate Partner to foster R&D investment in Madrid region businesses. The partnership provides access to Madrid's business ecosystem and enables identification of innovative projects with economic and social potential.
- ARQUIMEAflagshipARQUIMEA is the parent company of Kaudal, a global technology group operating in aerospace, defense, and other high-tech sectors. ARQUIMEA founded Kaudal in 2016 as a specialized subsidiary for R&D+i financing through Tax Lease mechanisms, leveraging its deep understanding of technology company financing needs.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Kaudal competitors and assessment
Company assessmentDirect peers
- Ayming: Ayming is a global consulting firm specialized in R&D tax credit optimization and innovation financing, advising companies on obtaining and monetizing R&D tax incentives. It is the most direct international analogue to Kaudal's Tax Lease / Mecenazgo Tecnológico intermediation model.
- JK Capital Partners: JK Capital Partners is a tax credit intermediary that monetizes R&D tax credits for technology companies by matching credits with investor capital, structurally similar to Kaudal's Mecenazgo Tecnológico model. They are widely cited as a benchmark for the proprietary model Kaudal has localized in Spain.
Broad incumbents
- CDTI: Centro para el Desarrollo Tecnológico e Industrial is Spain's public R&D financing body, providing grants and participative loans to innovative Spanish companies. As a public-sector alternative, CDTI competes for R&D+i capital flows that Kaudal otherwise channels via Tax Lease.
- Bpifrance: Bpifrance is the French public investment bank that finances innovation and SME growth through a mix of grants, loans, and tax-incentive mechanisms. It serves the same underlying need (R&D+i financing access) as Kaudal but at a public-sector scale and across a different national tax framework.
- Crowe R&D Tax Credits: Crowe's global R&D tax credit practice helps companies identify, claim, and monetize R&D tax incentives across jurisdictions. It overlaps with Kaudal's intermediation function but operates as part of a large multi-service accounting network rather than as a specialist platform.
- BDO R&D Tax Credits: BDO operates a substantial global R&D tax credit advisory practice that assists clients in monetizing R&D tax incentives. It is comparable in offering to Kaudal but is part of a large multi-disciplinary accounting and advisory network rather than a dedicated R&D intermediator.
Regional players
- Enisa: Enisa is a Spanish public entity providing alternative financing to SMEs and entrepreneurs, often through participative loans. It operates within the same Spanish R&D+i capital-access problem space as Kaudal, addressing the funding gap from a public-policy angle.
- Rivada Research & Analysis: Rivada operates in the Spanish fiscal advisory space assisting companies with R&D+i tax deductions and innovation incentives. It is a regional alternative in the same market segment, albeit with a different service mix and brand recognition.
Emerging players
- Tax Credit Co. Tax Credit Co. is a smaller, specialized intermediary that purchases and monetizes R&D tax credits for technology startups, often backed by VC or PE capital. It competes in the same transaction-economics space as Kaudal but with a different funding-model structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Kaudal social profiles
Digital presenceKaudal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kaudal leadership team
Management profileNumber of profiles
Profiles8 records
Kaudal funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kaudal M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kaudal
What does Kaudal do?
Kaudal operates a Spanish Tax Lease / Mecenazgo Tecnológico intermediation business that transfers fiscal incentives from R&D+i companies to private investors, enabling innovative companies to finance approximately 35% of their R&D+i project expenses without diluting equity while investors receive approximately 30% tax-adjusted returns. In parallel, it conducts Capital Riesgo (venture capital) operations in early-stage technology companies with strong R&D profiles, and offers advisory and structuring services through partnerships with accelerators, business associations, and technology parks across Spain.
Is Kaudal a public or private company?
Kaudal is a private company. It is classified as corporate owned and is currently operating.
When was Kaudal founded?
Kaudal was founded in 2016. It employs 11 to 50 people.
Where is Kaudal based?
Kaudal is headquartered in Santa Cruz De Tenerife, Spain, in the Europe region.
How does Kaudal make money?
Two revenue lines are on record. Tax Lease / Mecenazgo Tecnológico Services are the primary driver. The others are venture Capital Operations.
Who are Kaudal's main competitors?
Direct peers on record are Ayming and JK Capital Partners. Broad incumbents are CDTI, Bpifrance, Crowe R&D Tax Credits and BDO R&D Tax Credits. Regional players are Enisa and Rivada Research & Analysis. Tax Credit Co. is listed as an emerging player.
Does Kaudal have an API?
No public API is recorded for Kaudal.
What industry is Kaudal in?
Kaudal's product category is R&D Tax Incentive Financing. Its primary akta.pro industry code is FSAEALAJ, Project Finance Capital Raising Intermediation, with a secondary code of FSANAIAD, SBIC Venture Debt Funds. Its NAICS code is 52391 and its SIC code is 6211.