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Athos Capital

Europe, Madrid, Spain, Madrid

Description

Athos Capital SGEIC SA is a prominent venture capital firm based in Madrid, Spain, specializing in investments in innovative companies with high growth potential, primarily within the technology sector. Established as a key player in the Spanish startup ecosystem, the firm focuses on identifying and supporting disruptive businesses from their early stages through to significant growth phases. Their investment philosophy centers on providing not only capital but also strategic guidance and operational support to their portfolio companies, leveraging their deep market insights and network.

The firm typically targets early-stage and growth-stage companies, demonstrating a flexible approach to investment rounds. Athos Capital is known for its initial cheque sizes, which generally range from approximately $540,000 to $2,160,000 (equivalent to 500,000 to 2,000,000 euros), with the capacity for substantial follow-on investments as companies scale. They manage multiple funds, including Athos Capital Tech Fund I, which had a size of 30 million euros, and a subsequent fund aiming for 60 million euros, underscoring their increasing capacity and commitment to the tech landscape.

Athos Capital's portfolio showcases a strong track record of backing successful Spanish and European tech ventures. Notable investments include companies like Glovo, a leading on-demand delivery platform; Factorial, an HR software solution; and Jobandtalent, an online staffing platform. These investments highlight Athos Capital's ability to identify and support companies that achieve significant market penetration and attract further funding, contributing to the vibrant growth of the regional startup scene.

Through its strategic investments and hands-on approach, Athos Capital has solidified its reputation as a crucial financial partner for tech entrepreneurs in Spain. The firm continues to play a vital role in fostering innovation and driving the digital transformation of various industries by empowering promising startups with the capital and expertise needed to thrive.

Investor Profile

Athos Capital has backed more than 45 startups, with 5 new investments in the last 12 months alone. The firm has led 13 rounds, about 29% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Spain, United States, United Kingdom.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $540K – $2.2M.

Stage Focus

  • Seed (42%)
  • Series A (24%)
  • Series Unknown (16%)
  • Series B (7%)
  • Pre Seed (7%)
  • Series D (2%)
  • Equity Crowdfunding (2%)

Country Focus

  • Spain (82%)
  • United States (7%)
  • United Kingdom (4%)
  • Iceland (2%)
  • The Netherlands (2%)
  • Germany (2%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Information Technology
  • Human Resources
  • Health Care
  • Internet
  • Saas
  • Digital Media
  • Analytics
  • Data Integration
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Athos Capital frequently co-invest with?

JME Ventures
Europe, Madrid, Spain, Madrid
Co-Investments: 7
BStartup
Europe, Catalonia, Spain, Sant Cugat Del Vallès
Co-Investments: 3
FJ Labs
North America, New York, United States, New York
Co-Investments: 4
Encomenda VC
Europe, Catalonia, Spain, Barcelona
Co-Investments: 4
Brighteye Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 3
CV
Europe, Madrid, Spain, Madrid
Co-Investments: 3
Big Sur Ventures
Europe, Madrid, Spain, Madrid
Co-Investments: 3
Wayra
Europe, Madrid, Spain, Madrid
Co-Investments: 3
Market One Capital
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 3
Draper B1
Europe, Comunidad Valenciana, Spain, Valencia
Co-Investments: 3

Which angels does Athos Capital often collaborate with?

Shared Deals: 1
GF
North America, California, United States, San Mateo
Shared Deals: 1
CW
North America, Texas, United States, Dallas
Shared Deals: 1
Dave Crossland
North America, Colorado, United States, Denver
Shared Deals: 1
HA
Europe, Madrid, Spain, Madrid
Shared Deals: 1
JD
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
AM
Europe, Andalucia, Spain, Marbella
Shared Deals: 3
GS
North America, California, United States, Los Angeles
Shared Deals: 1
EW
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Athos Capital?

Shakers

Madrid, Madrid, Spain

We are redefining how people work, hire, build, and collaborate with independent workers, and AI agents.

ConsultingHuman ResourcesSoftwareVirtual Workforce
Series AMay 13, 2025
Amount Raised: $15,526,796
Acoru

Madrid, Madrid, Spain

Acoru is a cybersecurity company that develops an AI-driven platform that focuses on proactive fraud and scam prevention.

Cyber SecurityFraud DetectionGenerative AIIdentity Management
SeedApr 25, 2025
Amount Raised: $4,562,044
Sycai Technologies

Barcelona, Catalonia, Spain

Sycai Technologies empowers healthcare services through artificial intelligence

Artificial Intelligence (AI)Health Care
Series AJan 23, 2025
Amount Raised: $3,123,289
MOGU

Las Rozas, Madrid, Spain

Mogu is a platform that integrates technology in the tourism sector.

SoftwareTechnical SupportTourism
Series UnknownDec 17, 2024
Amount Raised: $2,308,839
Ciudadela

Madrid, Madrid, Spain

Ciudadela is a property management company that offers digital platform for administrating and managing properties.

Artificial Intelligence (AI)Property ManagementPropTechReal EstateResidentialSoftware
SeedOct 10, 2024
Amount Raised: $2,952,071
Harbiz

Madrid, Madrid, Spain

All-in-one productivity software for wellness professionals designed to digitize and professionalize their business.

FitnessHealth CareMobile AppsNutritionSaaSSoftwareWellness
Series AJan 18, 2024
Amount Raised: $5,440,856
Zinkee

Seville, Andalucia, Spain

Zinkee is a platform where companies can create business applications.

AppsComputerSoftware
SeedJan 10, 2024
Amount Raised: $2,085,082
Shakers

Madrid, Madrid, Spain

Shakers allows companies to work with entire teams of freelancers.

ConsultingHuman ResourcesSoftwareVirtual Workforce
SeedOct 30, 2023
Amount Raised: $6,368,359
Erudit

Miami, Florida, United States

Erudit applies the latest technologies so companies get reliable, timely People Analytics for data-powered decisions.

AnalyticsArtificial Intelligence (AI)Business Information SystemsBusiness IntelligenceData IntegrationEmploymentManagement Information SystemsNatural Language ProcessingPsychologyWellness
Series ASep 26, 2023
Amount Raised: $10,000,000
NexWafe

Freiburg, Baden-Wurttemberg, Germany

NexWafe will supply high quality wafers to solar cell producers.

EnergyIndustrial EngineeringManufacturingSolar
Series DMay 31, 2023
Amount Raised: $32,083,846