KFund

K Fund, established in 2016, is a Madrid-based venture capital firm with offices in Barcelona and Lisbon. It focuses on investing in early-stage, digital-first companies across Spain, Portugal, and Latin America, promoting the growth of the regional tech ecosystem. The firm provides seed, early-stage, and later-stage funding, with typical investment sizes ranging from EUR 0.1 million to EUR 2 million. K Fund's investment portfolio spans various sectors, including business products and services, consumer goods and services, information technology, gaming, the Internet of Things, mobile, big data, e-commerce, and other technology-based sectors. The firm was founded by Inaki Arolla, Carina Szpilka, and Ian Noel.

Miguel Arias

General Partner

Ignacio Larrú

General Partner

Jaime Novoa

Principal

Pablo Ventura Aranguren

Partner

Marc Clemente Yeves

Principal

Sergio Álvarez-Leiva

General Partner

Gustavo Ribas

Venture Partner and Head of LatAm

Past deals in Spain

Orain

Seed Round in 2025
Orain Technologies, S.L. is a Barcelona-based company that specializes in developing a mobile application designed to facilitate interaction between people and machines. Founded in 2016, Orain offers an e-payment platform that connects users to various self-service machines, including vending machines, coffee services, parking systems, and ticketing machines. The platform employs artificial intelligence and big data to provide a personalized user experience, enabling functionalities such as purchase, payment, and messaging. Users can access tailored offers and communicate with machines, while machine owners benefit from data collection and analysis to enhance their services. Through its innovative approach, Orain aims to streamline and improve the self-service process for both consumers and operators.

Quibim

Series A in 2025
Quibim, headquartered in Valencia, Spain, is a leader in whole-body medical imaging analysis, providing innovative AI-based image processing technologies. Its products, utilized by pharmaceutical companies and research teams globally, focus on extracting quantitative information from radiological images. Quibim Precision®, the company's whole-body imaging ecosystem, supports a variety of applications, from disease detection to monitoring the effectiveness of new treatments. By employing an AI-first approach, Quibim enables partners to accurately identify pathologies across different body parts and imaging modalities, ultimately enhancing the diagnosis of high-incidence illnesses and assessing treatment outcomes. This commitment to leveraging advanced imaging biomarkers contributes significantly to improving human health.

Bdeo

Series B in 2023
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Barkibu

Venture Round in 2023
Barkibu is a digital health service provider for animals, established in May 2015 by Enrique Torres Redondo, Pablo Pazos, and Patricia Mendez Seoane in A Coruna, Spain. The company offers an online veterinary consultation platform that enables pet owners to find and book appointments with veterinarians, ask questions, and conduct check-ups through video conferencing. By integrating artificial intelligence with veterinary expertise, Barkibu aims to meet the pet care needs of owners remotely and conveniently.

iF lastmile

Seed Round in 2022
iF Lastmile, established in January 2020 in Madrid, Spain, addresses the global challenge of waste generated by the fashion industry, where a significant amount of clothing is discarded every second. The company specializes in last-mile logistics services aimed at facilitating exchanges and returns for eCommerce brands, which account for a substantial portion of online purchases. By offering hyper-personalized packing and efficient delivery solutions, iF Lastmile aims to reduce the friction associated with returns, ultimately helping retailers minimize costs and waste. Additionally, the company provides comprehensive operations and warehousing services, enabling clients to achieve flexible and cost-effective logistics tailored to their needs.

Factorial

Series C in 2022
Factorial is a human resources company founded in 2016 by Bernat Farrero and Jordi Romero in Barcelona, Catalonia. It specializes in providing an HR management platform tailored for small and medium-sized businesses. The company's software streamlines various HR processes, including holiday management, payroll, document management, and employee benefits. By automating these tasks, Factorial helps organizations minimize errors and enhance visibility into their HR data, allowing managers to efficiently oversee employee leave and compensation plans.

iF lastmile

Seed Round in 2021
iF Lastmile, established in January 2020 in Madrid, Spain, addresses the global challenge of waste generated by the fashion industry, where a significant amount of clothing is discarded every second. The company specializes in last-mile logistics services aimed at facilitating exchanges and returns for eCommerce brands, which account for a substantial portion of online purchases. By offering hyper-personalized packing and efficient delivery solutions, iF Lastmile aims to reduce the friction associated with returns, ultimately helping retailers minimize costs and waste. Additionally, the company provides comprehensive operations and warehousing services, enabling clients to achieve flexible and cost-effective logistics tailored to their needs.

Factorial

Series B in 2021
Factorial is a human resources company founded in 2016 by Bernat Farrero and Jordi Romero in Barcelona, Catalonia. It specializes in providing an HR management platform tailored for small and medium-sized businesses. The company's software streamlines various HR processes, including holiday management, payroll, document management, and employee benefits. By automating these tasks, Factorial helps organizations minimize errors and enhance visibility into their HR data, allowing managers to efficiently oversee employee leave and compensation plans.

Bdeo

Series A in 2020
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Shopery

Funding Round in 2020
Shopery is a technology company based in Barcelona that specializes in enabling brands and corporations to launch and scale both B2C and B2B marketplace businesses through its software-as-a-service (SaaS) platform. Founded in 2015, Shopery offers a fully integrated solution that includes backoffice functionalities for marketplace owners and sellers, as well as a user-friendly storefront for buyers. The platform streamlines various marketplace operations, such as vendor management, content moderation, and commission calculations, allowing for efficient marketplace implementation. Additionally, Shopery provides customization options to meet the unique needs of its clients, facilitating the digital transformation of businesses and improving customer service while reducing operational costs.

Factorial

Series A in 2020
Factorial is a human resources company founded in 2016 by Bernat Farrero and Jordi Romero in Barcelona, Catalonia. It specializes in providing an HR management platform tailored for small and medium-sized businesses. The company's software streamlines various HR processes, including holiday management, payroll, document management, and employee benefits. By automating these tasks, Factorial helps organizations minimize errors and enhance visibility into their HR data, allowing managers to efficiently oversee employee leave and compensation plans.

Frontity

Seed Round in 2020
Frontity is a company that specializes in open source software for WordPress, focusing on enhancing the performance of mobile sites. Founded in late 2017, Frontity initially developed a mobile WordPress theme called Frontity PRO in response to the needs of large Spanish publishers seeking to improve their mobile site experience. Utilizing an internal React framework, Frontity enabled the efficient fetching of content via the WordPress REST API, leading to a successful theme that reached over 20 million readers. In 2019, leveraging their insights and experiences, the company launched an open source framework that allows developers to use WordPress as a headless CMS paired with a React frontend. Frontity aims to streamline the integration of WordPress and React, making it easier for developers to create fast, engaging mobile experiences.

Bdeo

Venture Round in 2019
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.

Chronoexpert

Venture Round in 2018
Chronoexpert is an online marketplace focused on the buying and selling of luxury second-hand watches. Founded in Spain, the platform aims to transform the watch market by fostering trust between buyers and sellers. By acting as intermediaries, Chronoexpert ensures secure transactions, providing sellers with insured payments and buyers with authenticated watches, as each timepiece is individually verified by a team of experts. The platform boasts a wide selection of brands and models, catering to various preferences, from modern pieces to limited editions and collectibles. With a combination of advanced technology and dedicated customer service, Chronoexpert positions itself as a reliable resource for watch enthusiasts seeking to engage in the secondary market.

Shopery

Funding Round in 2018
Shopery is a technology company based in Barcelona that specializes in enabling brands and corporations to launch and scale both B2C and B2B marketplace businesses through its software-as-a-service (SaaS) platform. Founded in 2015, Shopery offers a fully integrated solution that includes backoffice functionalities for marketplace owners and sellers, as well as a user-friendly storefront for buyers. The platform streamlines various marketplace operations, such as vendor management, content moderation, and commission calculations, allowing for efficient marketplace implementation. Additionally, Shopery provides customization options to meet the unique needs of its clients, facilitating the digital transformation of businesses and improving customer service while reducing operational costs.

Factorial

Seed Round in 2018
Factorial is a human resources company founded in 2016 by Bernat Farrero and Jordi Romero in Barcelona, Catalonia. It specializes in providing an HR management platform tailored for small and medium-sized businesses. The company's software streamlines various HR processes, including holiday management, payroll, document management, and employee benefits. By automating these tasks, Factorial helps organizations minimize errors and enhance visibility into their HR data, allowing managers to efficiently oversee employee leave and compensation plans.

Frontity

Seed Round in 2018
Frontity is a company that specializes in open source software for WordPress, focusing on enhancing the performance of mobile sites. Founded in late 2017, Frontity initially developed a mobile WordPress theme called Frontity PRO in response to the needs of large Spanish publishers seeking to improve their mobile site experience. Utilizing an internal React framework, Frontity enabled the efficient fetching of content via the WordPress REST API, leading to a successful theme that reached over 20 million readers. In 2019, leveraging their insights and experiences, the company launched an open source framework that allows developers to use WordPress as a headless CMS paired with a React frontend. Frontity aims to streamline the integration of WordPress and React, making it easier for developers to create fast, engaging mobile experiences.

BEONx

Seed Round in 2017
BEONx is a Spanish travel technology company specializing in hotel revenue management solutions. The company has developed an innovative system that optimizes pricing and distribution by analyzing consumer expectations and purchasing habits. Its software integrates various objective parameters, including location, hotel services, and online reputation, to help hotel chains assess room availability, demand, and competitor pricing. A key offering is the HQI™, an index that measures the overall quality of a hotel, allowing clients to understand their competitive position and price elasticity in the market. With over 2,000 customers across more than 30 countries, BEONx serves a diverse range of hotel chains, enabling them to implement effective revenue strategies tailored to market dynamics.

Salupro

Series A in 2016
Salupro is a Spain-based company founded in 2011 that operates an e-commerce platform designed to assist dental and veterinary clinics in optimizing their purchases of sanitary products. The platform enables clinics to request price comparisons from various suppliers, identifying the lowest prices available. Once a quotation is accepted, Salupro manages the purchase process, ensuring that orders are sent directly to the clinics by the suppliers. Upon delivery, Salupro handles billing and payment collection from the clinics. This service not only streamlines the purchasing process but also enhances logistics, ensuring timely delivery and stock availability for medical facilities.
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