About Conexo Ventures
Conexo Ventures is a venture capital firm founded in 2018. It is primarily based out of Madrid, Spain. As of Dec 2024, Conexo Ventures has invested in 22 companies. It primarily invests in Series A round in Spain based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Seed round of Buildpeer Overall, Conexo Ventures portfolio has seen 1 unicorn and 4 acquisitions including key companies like Payflow, Feedzai and Pridatect. A lot of funds co-invest with Conexo Ventures, with names like Wayra sharing a substantial percentage of its portfolio. Conexo Ventures has team of 11 people including 3 partners.Key Metrics
Conexo Ventures' List of Top Investments
Conexo Ventures has a portfolio of 22 companies, one of which is a Unicorn. Their most notable investments are in SummuS and SimpleCloud.Their portfolio spans across Spain, Mexico, United States and 1 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 14 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Conexo Ventures:1. Payflow
Online financial services platform for on-demand pay and savings. The platform provides online loans for earned-wage loans. It allows users to request loans in advance through its platform and access part of their earned wages directly into the bank account. The loan repayments are deducted from the users' salary accounts. Its app is available for both Android and IOS devices.
Key facts about Payflow
- Founded Year: 2020
- Location: Madrid (Spain)
- Stage: Acquired
- Total Funding till date: $41.3M
- Employee Count: 83 as on May 31, 2026
- Investors: Seaya, Cathay Innovation and 34 Others
- Latest Funding Round: Series B, Oct 13, 2025, $*****
- Highlight: Acquired
2. Feedzai
Provider of an AI-native platform for fraud and financial crime prevention. The platform offers solutions for scam prevention, identity verification, fraud detection, and anti-money laundering compliance. It includes features such as new account fraud prevention, transaction monitoring, and risk management. The platform serves industries including retail banks, payment service providers, and government entities. It helps to ensure trusted digital identity and reduce compliance costs.
Key facts about Feedzai
- Founded Year: 2011
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $347M
- Employee Count: 865 as on May 31, 2026
- Investors: Sapphire Ventures, Demtech and 29 Others
- Latest Funding Round: Series E, Oct 02, 2025, $*****
- Highlight: Editors' Pick
3. Bnext
Provider of a platform for online financial account and card management. The platform offers functionalities such as sending and receiving money, international transfers, and virtual cards. It also provides tools for expense tracking and savings management.
Key facts about Bnext
- Founded Year: 2016
- Location: Madrid (Spain)
- Stage: Series A
- Total Funding till date: $56.2M
- Employee Count: 105 as on Mar 31, 2026
- Investors: Kreos Capital, Launchbay Capital and 29 Others
- Latest Funding Round: ICO, Sep 13, 2022, $*****
- Highlight: Editors' Pick
4. Hotelverse
Provider of digital twin technology and upselling solutions for hotels. The company offers tools for personalized sales, attribute-based selling, and dynamic bidding. It provides solutions for pre-stay upselling, front desk recommendations, and loyalty pricing. The company's products include digital twins, room upgrades, room customization, and room selection options. It facilitates integrations with booking engines and property management systems.
Key facts about Hotelverse
- Founded Year: 2020
- Location: Palma (Spain)
- Stage: Series A
- Total Funding till date: $7.7M
- Employee Count: 60 as on May 31, 2026
- Investors: Banco Sabadell, Conexo Ventures and 11 Others
- Latest Funding Round: Series A, Jan 21, 2026, $*****
- Highlight: Editors' Pick
5. Kushki
Provider of payment technology solutions for businesses and payment service providers. The company offers payment processing solutions, including payment acceptance and disbursement. It provides application programming interfaces, customizable payment forms, and payment links. The company also offers in-person payment solutions and e-commerce plugins. It delivers risk management and adaptable integration services.
Key facts about Kushki
- Founded Year: 2017
- Location: Quito (Ecuador)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $186M
- Employee Count: 633 as on May 31, 2026
- Investors: Glade Brook Capital, Launchbay Capital and 9 Others
- Latest Funding Round: Series B, Jun 07, 2022, $*****
- Highlight: Editors' Pick
Conexo Ventures' Year-on-Year Investment Trends
Conexo Ventures has invested in 22 companies over the last 7 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Buildpeer and most recent follow-on round was in Atani.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 5 | 0 | 5 |
2023 | 3 | 2 | 5 |
2022 | 1 | 1 | 2 |
2021 | 2 | 1 | 3 |
2020 | 2 | 1 | 3 |
2019 | 5 | 0 | 5 |
Conexo Ventures' Investments by Stage
Conexo Ventures has made 8 investments in Seed stage with an average round size of $4.82M, 7 investments in Series A stage with an average round size of $10.6M, 2 investments in Series B stage with an average round size of $9.32M and 1 investment in Series C stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 7 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Conexo Ventures' Investments by Sector
Conexo Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Vertical SaaS and Enterprise Infrastructure. Notably, it has invested in 21 Tech companies, 17 Enterprise (B2B) companies, 17 Software companies and at least 13 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
FinTech | 5 |
High Tech | 5 |
Vertical SaaS | 5 |
Enterprise Infrastructure | 3 |
Others | 16 |
Note: We have considered here, only first round of investments
Conexo Ventures' Investments by Geography
Conexo Ventures has made most investments in Spain (14), followed by Mexico where it has made 2 investments.Country | No. of Investments |
|---|---|
Spain | 14 |
Mexico | 2 |
Ecuador | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Conexo Ventures' recent investments
Conexo Ventures has not made any investment in 2026 so far.Here are the most recent investments by Conexo Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 18, 2024 | Mexico | Seed | 8236 | ||
Sep 26, 2024 | Spain | Series A | 4095 | [+3] | |
Jul 24, 2024 | Spain | Series B | 9636 | [+4] | |
Jun 17, 2024 | Spain | Series A | 3924 | [+3] | |
Jan 2024 | Spain | Series A | 4075 | [+3] |
Unicorns in Conexo Ventures' Portfolio
Conexo Ventures has 1 unicorn in its portfolio - Feedzai. The most recent unicorn in their portfolio is Feedzai which became a unicorn in 2021, 5 years before Conexo Ventures first invested in it.Here is a list of unicorns in Conexo Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of an AI-native platform for fraud and financial crime prevention | 2011 | San Mateo | Series E | vfdun{i |
Acquired companies in Conexo Ventures' Portfolio
4 companies from Conexo Ventures' portfolio have been acquired. The most recent acquisition was VONZU in Apr 2025 by Moova for $*****.Here are Conexo Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 07, 2025 | - | - | 5460 | |
Oct 13, 2022 | - | - | 1616 | |
Mar 01, 2022 | Jul 24, 2024 | Series B | 3450 | |
Aug 04, 2021 | Nov 26, 2019 | Series B | 9149 |
Team profile of Conexo Ventures
Conexo Ventures has a team of 11 members including 3 Partners and 3 Principals located in Spain, United States and 1 more location. Conexo Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Conexo Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | - | ||
Partner | Madrid | - | ||
Partner | Madrid | - | ||
Principal | Madrid | - | ||
Principal | Mexico City | - | - | |
Principal | Madrid | - | - |
Co-investors of Conexo Ventures
Over the past 7 years, 132 investors have co-invested in Conexo Ventures's portfolio companies. This includes funds and angels.
- Invested before Conexo Ventures: Europa, Inveready and 50 others have invested in rounds before Conexo Ventures. There are 3 companies where Europa has invested before Conexo Ventures and 3 companies where Inveready has invested before Conexo Ventures.
- Top Co-investors of Conexo Ventures: 61 investors entered a company along with Conexo Ventures. These include investors like Wayra (2 companies).
- Invested after Conexo Ventures: A total of 19 investors have invested in Conexo Ventures's portfolio after their investments. Top Investors include Cusp Capital (1 company), Wille Finance (1 company) and Borderless Capital (1 company).
Recent News related to Conexo Ventures
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Hotelverse raises €5 million Series AMuyPymes•Oct 18, 2024•Hotelverse, Conexo Ventures, Faraday, Eoniq and 1 other
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Hotelverse raises € 5m to climb your technology with AI and improve your income 75%Marketing4eCommerce•Oct 07, 2024•Hotelverse, Conexo Ventures, Faraday, Eoniq and 2 others
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Hotelverse raises €5M in a Series A investment round led by GED Conexo VenturesEl Referente•Sep 26, 2024•Hotelverse, Conexo Ventures, Faraday, Eoniq and 2 others
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Hotelverse raises $5 million Series A led by GED Conexo Venturescronicadecantabria.com•Sep 26, 2024•Hotelverse, Conexo Ventures, Faraday, Eoniq and 4 others
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Barcelona-based Payflow raises €6 million to expand flexible salary in Iberian and Latam marketsZephyrnet•Jul 24, 2024•Payflow, Seaya, Cathay Innovation, 6 Degrees Capital and 5 others
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IENAI Space Raises €3.9 MillionGeospatial World•Jun 17, 2024•ienai SPACE, Inveready, WA4STEAM, CDTI and 1 other
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CDTI announces investments in SimpleCloud and LeanxcaleEl Referente•Feb 28, 2024•CDTI, SummuS, LeanXcale, SimpleCloud and 4 others
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Atani defies the crypto winter and raises €5.6M for its new broker in a roundEl Referente•Nov 03, 2023•Atani, COMETA, JME Venture Capital, Conexo Ventures
