About Elewit
Elewit is a venture capital firm founded in 2019. It is primarily based out of Madrid, Spain. As of Jun 2025, Elewit has invested in 8 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 High Tech and Energy Tech. Most recently it participated in the $***** Series B round of HESStec A lot of funds co-invest with Elewit, with names like Red Electrica de Espana sharing a substantial percentage of its portfolio. Elewit has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Elewit's List of Top Investments
Elewit has a portfolio of 8 companies. Their most notable investments are in Stellar and NearbyComputing.Their portfolio spans across Spain, United States, Denmark and 1 more locations. They have invested in Enterprise Applications, High Tech, Energy Tech and 5 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Elewit:Key facts about NearbyComputing
- Founded Year: 2018
- Location: Barcelona (Spain)
- Stage: Series A
- Total Funding till date: $11.1M
- Employee Count: 53 as on Aug 31, 2026
- Investors: Akamai, JME Venture Capital and 10 Others
- Latest Funding Round: Series A, Sep 17, 2026, $*****
- Highlight: Editors' Pick
2. Zeleros
Manufacturer of hyperloop transportation solution. The platform offers fully-electric and autonomous,. The pods can travel up to a speed of 1000 km per hour, electric, 5-200 passenger seating capacity, and more with magnetic levitation, aerodynamic propulsion system.
Key facts about Zeleros
- Founded Year: 2016
- Location: Valencia (Spain)
- Stage: Series A
- Total Funding till date: $7.77M
- Employee Count: 32 as on Aug 31, 2026
- Investors: EIC Fund, Plug and Play Tech Center and 18 Others
- Latest Funding Round: Conventional Debt, May 10, 2022, $*****
- Highlight: Editors' Pick
3. Stellar
Key facts about Stellar
- Founded Year: 2021
- Location: Meudon (France)
- Stage: Series A
- Total Funding till date: $10.1M
- Employee Count: 30 as on Aug 31, 2026
- Investors: Elewit, Linden Capital and 2 Others
- Latest Funding Round: Series A, Oct 30, 2024, $*****
- Highlight: Editors' Pick
4. Splight
Provider of AI-based transmission capacity for the grid. It provides users with a company that develops and deploys real-time data and machine learning-based solutions to increase transmission capacity in the energy grid, enhancing its reliability and flexibility. The company's technology responds to grid contingencies in real-time to unlock additional transmission capacity.
Key facts about Splight
- Founded Year: 2021
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $24.4M
- Employee Count: 68 as on Aug 31, 2026
- Investors: ZOMALAB, Blue Bear Capital and 10 Others
- Latest Funding Round: Series A, Aug 26, 2025, $*****
- Highlight: Editors' Pick
5. CounterCraft
Provides threat intelligence solution for organizations. Cyber deception platform fits into existing security strategies and delivers high end deception for threat hunting and threat detection using controlled and synthetic environments. It also detects threats earlier in the attack lifecycle and provides evidence of malicious activity, and protects leading organizations in the financial, trade, and government sectors, as well as law enforcement agencies.
Key facts about CounterCraft
- Founded Year: 2015
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $8.58M
- Employee Count: 46 as on Aug 31, 2026
- Investors: EIC Fund, Evolution Equity Partners and 10 Others
- Latest Funding Round: Series A, Jun 17, 2020, $*****
- Highlight: Editors' Pick
Elewit's Year-on-Year Investment Trends
Elewit has invested in 8 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Stellar and most recent follow-on round was in HESStec.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 2 | 2 |
2024 | 2 | 0 | 2 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 3 | 0 | 3 |
Elewit's Investments by Stage
Elewit has made 4 investments in Series A stage with an average round size of $6.41M and 3 investments in Seed stage with an average round size of $5.86M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Seed | 3 |
Note: We have considered here, only first round of investments
Elewit's Investments by Sector
Elewit has a diverse portfolio, with companies operating in the Energy Tech, Enterprise Applications, High Tech, Environment Tech and Internet of Things - Industry Applications. Notably, it has invested in 7 Tech companies, 6 Enterprise (B2B) companies, 3 Software companies and at least 3 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Energy Tech | 3 |
Enterprise Applications | 3 |
High Tech | 3 |
Environment Tech | 2 |
Internet of Things - Industry Applications | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Elewit's Investments by Geography
Elewit has made most investments in Spain (3), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Spain | 3 |
United States | 2 |
Denmark | 1 |
France | 1 |
Note: We have considered here, only first round of investments
Elewit's recent investments
Elewit has not made any investment in 2026 so far.Here are the most recent investments by Elewit:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 06, 2025 | Spain | Series B | 9081 | [+3] | |
Jan 09, 2025 | United States | Seed | 1524 | - | |
Oct 30, 2024 | France | Series A | 7217 | [+1] | |
Jul 24, 2024 | United States | Seed | 9075 | [+8] | |
Nov 21, 2022 | Denmark | Seed | 9087 | [+1] |
Team profile of Elewit
Elewit has a team of 4 members. Elewit's team does not sit on the board of any company as of now.Co-investors of Elewit
Over the past 6 years, 52 investors have co-invested in Elewit's portfolio companies. This includes funds and angels.
- Invested before Elewit: Europa, EIC Fund and 9 others have invested in rounds before Elewit. There are 4 companies where Europa has invested before Elewit and 2 companies where EIC Fund has invested before Elewit.
- Top Co-investors of Elewit: 22 investors entered a company along with Elewit. These include investors like Red Electrica de Espana (2 companies).
- Invested after Elewit: A total of 19 investors have invested in Elewit's portfolio after their investments. Top Investors include Walter Ventures (1 company), JME Venture Capital (1 company) and Akamai (1 company).
Recent News related to Elewit
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Arin Technologies: Arteche and Elewit alliance to accelerate the digitalization of the electricity sectorEl Mundo Empresarial•Oct 02, 2025•Elewit, Arteche
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Elewit launches New Ventures to accelerate innovative solutions for the ecological transitionEl Referente•Sep 23, 2025•Elewit
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Elewit boosts the activity of its Corporate Venture Capital vehicle with four major transactionsEl Referente•Mar 17, 2025•Elewit
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Elewit invests in Unusuals technology to transform infrastructure maintenance with AICapital-Riesgo.es•Feb 07, 2025•Elewit, Redeia
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ELEWIT invests in Splight technology to optimize the transport capacity in the electricity gridWebcapitalriesgo•Jan 09, 2025•Splight, Elewit, Splight Artificial Energy
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Stellar Raises $9.3 Million Through A Round Led By Elewit And Public FundingMuyPymes•Oct 30, 2024•Elewit, Stellar
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The innovation cdti invests in Zeleros, along with Elewit and Eit InnoenergyWebcapitalriesgo•Oct 08, 2024•CDTI, Zeleros, Elewit, InnoEnergy
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Elewit, Dunas and Adara Ventures Group launch a background to boost the progress of the energy transitionEl Referente•Sep 10, 2024•Elewit, dunagroup.hu, Adara
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The FEI invests in a new Spanish investment fund that will support startups focused on the energy transitionpv magazine España•Sep 09, 2024•Adara, European Investment Fund, Elewit, Grupo Dunas
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AI startup Splight raises €11 million in a round with Redeia and EDP to optimize power gridsPressDigital•Jul 24, 2024•Splight, Noa, Elewit, EDP and 12 others
