About Athos Capital
Athos Capital is a venture capital firm founded in 2016. It is primarily based out of Madrid, Spain. As of Apr 2026, Athos Capital is an active investor, having invested in 54 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Spain based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of Spacebackend Overall, Athos Capital portfolio has seen 4 acquisitions, namely restb.ai, Sarenet and Unnax. A lot of funds co-invest with Athos Capital, with names like Bstartup Banco Sabadell sharing a substantial percentage of its portfolio. Athos Capital has team of 6 people including 2 partners.Key Metrics
Athos Capital's List of Top Investments
Athos Capital has a portfolio of 54 companies. Their most notable investments are in Cliniclic and Napptive.Their portfolio spans across Spain, Germany, United States and 5 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 20 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Athos Capital:1. Lingokids
Lingokids is an App-based activity driven English learning platform for kids. The company offers 'Playlearning' - a digital learning platform that helps children to practice over new words, learn about different topics and practices the alphabet (ABC), listen to audiobooks, and sing along with songs. It also helps to learn numbers, shapes, colors, animals, foods, and more. The company offers mobile applications for both Android and IOS devices. The company offers all the features on a monthly subscription-based plan.
Key facts about Lingokids
- Founded Year: 2014
- Location: Madrid (Spain)
- Stage: Series D
- Total Funding till date: $186M
- Employee Count: 217 as on May 31, 2026
- Investors: Graph Ventures, General Catalyst and 26 Others
- Latest Funding Round: Series D, Sep 17, 2025, $*****
- Highlight: Editors' Pick
2. NexWafe
NexWafe produces and supplies wafers to solar cell producers. The company manufactures these wafers using Kerfless Wafering Technique by which there is less wastage of raw materials and the cost of production is low than regular.
Key facts about NexWafe
- Founded Year: 2015
- Location: Freiburg im Breisgau (Germany)
- Stage: Series C
- Total Funding till date: $121M
- Employee Count: 81 as on May 31, 2026
- Investors: Aramco Ventures, GAP Technology Holding and 21 Others
- Latest Funding Round: Series C, May 31, 2023, $*****
- Highlight: Editors' Pick
3. ITM
Developer of radiopharmaceuticals and radioisotopes for cancer treatment. The company's lead product is radionuclide therapy candidate LuCaFab (ITM-31) for the treatment of malignant brain tumors. The company offers medical isotopes like EndolucinBeta and TOCscan. It also offers radiolabelling and quality control equipment like iQS - Theranostics Synthesizer, iQS Ga-68, Fluidic Labeling, Module Reagent Set Manual, and 177Lu Labeling.
Key facts about ITM
- Founded Year: 2004
- Location: Munich (Germany)
- Stage: Series E
- Total Funding till date: $681M
- Employee Count: 652 as on May 31, 2026
- Investors: Qatar Investment Authority, Temasek and 16 Others
- Latest Funding Round: Conventional Debt, May 27, 2025, $*****
- Highlight: Editors' Pick
Provider of AI-based image diagnosis tool for healthcare professionals. The product developed by the company 'AI MedAssist' has the ability to diagnose medical X-ray images. It has the potential to detect cystic pancreatic lesions, analyze data for the potential systems, early detection of pancreatic cancer, and more.
Key facts about Sycai Medical
- Founded Year: 2020
- Location: Barcelona (Spain)
- Stage: Seed
- Total Funding till date: $3.98M
- Employee Count: 26 as on May 31, 2026
- Investors: Athos Capital, Bstartup Banco Sabadell and 5 Others
- Latest Funding Round: Seed, Jan 23, 2025, $*****
- Highlight: Editors' Pick
5. 21 Buttons
21 Buttons is an online fashion & clothing social shopping platform. It enables users to connect with other enthusiasts, fashion experts, and bloggers on the platform. Users can follow other users, share pictures of their outfits, discover trends, and shop online. It rewards users with monetary benefits if they influence sales on the platform. Their app is available for both, iOS and Android platforms.
Key facts about 21 Buttons
- Founded Year: 2016
- Location: Barcelona (Spain)
- Stage: Series B
- Total Funding till date: $31M
- Employee Count: 14 as on May 31, 2026
- Investors: Kibo Ventures, 360 Capital Partners and 17 Others
- Latest Funding Round: Series B, Jun 25, 2018, $*****
- Highlight: Editors' Pick
Athos Capital's Year-on-Year Investment Trends
Athos Capital has invested in 54 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Spacebackend and most recent follow-on round was in Shakers.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 2 | 3 |
2024 | 2 | 3 | 5 |
2023 | 3 | 1 | 4 |
2022 | 10 | 1 | 11 |
2021 | 5 | 1 | 6 |
2020 | 2 | 1 | 3 |
2019 | 2 | 0 | 2 |
2018 | 7 | 1 | 8 |
2017 | 4 | 0 | 4 |
Athos Capital's Investments by Stage
Athos Capital has made 21 investments in Seed stage with an average round size of $2.53M, 13 investments in Series A stage with an average round size of $5.97M, 1 investment in PE stage, 1 investment in Series C stage with an average round size of $32.2M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 21 |
Series A | 13 |
PE | 1 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Athos Capital's Investments by Sector
Athos Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, EdTech and Enterprise Infrastructure. Notably, it has invested in 45 Tech companies, 33 Enterprise (B2B) companies, 26 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
Consumer | 7 |
High Tech | 7 |
EdTech | 5 |
Enterprise Infrastructure | 5 |
Others | 36 |
Note: We have considered here, only first round of investments
Athos Capital's Investments by Geography
Athos Capital has made most investments in Spain (31), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Spain | 31 |
United States | 2 |
Germany | 1 |
Luxembourg | 1 |
Netherlands | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Athos Capital's recent investments
Athos Capital has made 1 investments in 2026 so far - Spacebackend.Here are the most recent investments by Athos Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2026 | Luxembourg | Seed | 1077 | [+1] | |
May 13, 2025 | Spain | Series A | 6381 | [+6] | |
Apr 24, 2025 | Spain | Series A | 4158 | [+1] | |
Jan 23, 2025 | Spain | Seed | 9437 | [+2] | |
Dec 17, 2024 | Spain | Series A | 5993 | [+1] |
Acquired companies in Athos Capital's Portfolio
4 companies from Athos Capital's portfolio have been acquired. The most recent acquisition was restb.ai in May 2026 by Clear Capital for $*****.Here are Athos Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 12, 2026 | May 13, 2017 | Seed | 6119 | |
Apr 24, 2024 | Jan 14, 2021 | Series A | 4103 | |
Jul 04, 2021 | Aug 02, 2018 | Series A | 6227 | |
Dec 18, 2014 | - | - | 2195 |
Team profile of Athos Capital
Athos Capital has a team of 6 members including 2 Partners and 4 Principals located in Spain and China. Athos Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Athos Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Barcelona | - | ||
Partner | - | - | ||
Principal | Hong Kong | - | - | |
Principal | - | - | - | |
Principal | - | - | ||
Principal | Madrid | - |
Co-investors of Athos Capital
Over the past 9 years, 172 investors have co-invested in Athos Capital's portfolio companies. This includes funds and angels.
- Invested before Athos Capital: Europa, EIC Fund and 60 others have invested in rounds before Athos Capital. There are 4 companies where Europa has invested before Athos Capital and 3 companies where EIC Fund has invested before Athos Capital.
- Top Co-investors of Athos Capital: 80 investors entered a company along with Athos Capital. These include investors like Bstartup Banco Sabadell (4 companies).
- Invested after Athos Capital: A total of 30 investors have invested in Athos Capital's portfolio after their investments. Top Investors include Europa (2 companies), Bankinter (2 companies) and Ravensburger (1 company).
Recent News related to Athos Capital
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Spacebackend raises €1.8 million to accelerate the aerospace industry through Artificial IntelligenceEl Referente•Apr 21, 2026•Spacebackend, Bynd Venture Capital, DraperB1, Athos Capital and 1 other
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Amgen Ventures joins $141M Series B for Italian gene therapy biotech AAVantgardeEndpoints•Nov 03, 2025•AAVantgarde Bio, Amgen, XGEN Venture, Neva SGR and 11 others
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Acoru Raises €10M in Series A FundingFinSMEs•Oct 22, 2025•Acoru, 33N Ventures, Adara, Athos Capital and 4 others
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AMSilk Secures EUR 52M Strategic Financing to Accelerate Commercial GrowthPR Newswire•Sep 09, 2025•Evonik, Ajinomoto, MIG Capital, AMSilk and 4 others
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MRM Health Raises €55 Million Series B to Advance Microbiome Biotherapeutic PipelineBusiness Wire•Sep 04, 2025•MRM Health, Biocodex, B&B Italia, Ackermans and 8 others
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Biocodex invests up to 30 million euros in partnership with MRM Health.MyPharma Editions•Sep 04, 2025•MRM Health, Biocodex, Ackermans & van Haaren, SFPIM and 4 others
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Antheia Scores $56 Million Series Csvdaily.com•Jun 06, 2025•Antheia, Global Health Investment, EDBI, Athos Capital and 5 others
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Madrid-based startup Shakers secures €14 million in Series A fundingEU-Startups•May 13, 2025•Shakers, PAR Technology Corp, K Fund, Brighteye Ventures and 1 other
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Shakers Secures €14 Million Series A Funding Led by PartechEl Referente•May 13, 2025•Shakers, PAR Technology Corp, Brighteye Ventures, Athos Capital and 2 others
