About Encomenda
Encomenda is a venture capital firm founded in 2016. It is primarily based out of Barcelona, Spain. As of Jul 2026, Encomenda is an active investor, having invested in 78 companies, with 5 new investments 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 FinTech. Most recently it participated in the $***** Seed round of Eleva AI Overall, Encomenda portfolio has seen 14 acquisitions including key companies like Cobee, Captio and Tech.eu. A lot of funds co-invest with Encomenda, with names like Bstartup Banco Sabadell sharing a substantial percentage of its portfolio. Encomenda has team of 10 people including 3 partners.Key Metrics
Encomenda's List of Top Investments
Encomenda has a portfolio of 78 companies. Their most notable investments are in Cuimo and Cafler.Their portfolio spans across Spain, United Kingdom, Argentina and 4 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 19 other sectors, across stages such as Seed, Conventional Debt and 2 more. Here is the list of top investments by Encomenda:
1. MediQuo
Telemedicine platform that connects health professionals with their patients. It also helps the healthcare professional with e-prescription, medical record management, scheduling, and medical reports generation.
Key facts about MediQuo
- Founded Year: 2017
- Location: Barcelona (Spain)
- Stage: Seed
- Total Funding till date: $14.5M
- Employee Count: 96 as on Aug 31, 2026
- Investors: Target Global, Encomenda and 10 Others
- Latest Funding Round: Seed, Jan 28, 2026, $*****
- Highlight: Editors' Pick
2. Citibox
Provider of smart electronic lockers for parcel deliveries. It is a provider of smart mailbox systems for online purchase delivery services. The system allows for package delivery even when recipients are unavailable. It provides a way for delivery personnel to deposit items. Registered users are notified via application when a delivery is made. The service aims to streamline the delivery process.
Key facts about Citibox
- Founded Year: 2015
- Location: Madrid (Spain)
- Stage: Series B
- Total Funding till date: $94.4M
- Employee Count: 80 as on Aug 31, 2026
- Investors: Mundi Ventures, Coventure and 19 Others
- Latest Funding Round: Series B, Apr 26, 2026, $*****
- Highlight: Editors' Pick
3. Cobee
Cloud-based platform for employee financial benefits. It enables employees to manage their expenses for meals, transportation, daycare, training, health insurance, prepaid card and more. It offers customized benefits plans and automated payroll management. It is available on the Google Play Store and Apple App Store.
Key facts about Cobee
- Founded Year: 2018
- Location: Madrid (Spain)
- Stage: Acquired
- Total Funding till date: $61.5M
- Employee Count: 174 as on May 31, 2026
- Investors: Octopus Ventures, Banco Sabadell and 13 Others
- Latest Funding Round: Series B, Nov 22, 2022, $*****
- Highlight: Acquired
4. Goin
Savings management platform for individuals. Enables users to save the spare change for each purchase which is added directly to the going account. Utilizes machine learning algorithms to choose the best time to take a small part of the user's money and add it to their going account. Users can choose between 3 levels of risk according to their personality.
Key facts about Goin
5. Captio
Captio provides expense management software for businesses and employees. It features solutions for tracking mileage, international VAT management, bank reconciliation, travel approval, and more. It is available for multiple subscriptions based on the type of organization. It offers an app-based expense reporting platform for employees. The app is available for Android and IOS platforms.
Key facts about Captio
- Founded Year: 2012
- Location: Barcelona (Spain)
- Stage: Acquired
- Total Funding till date: $4.11M
- Employee Count: 47 as on Aug 31, 2026
- Investors: Kibo Ventures, Bankinter and 9 Others
- Latest Funding Round: Series A, Sep 23, 2016, $*****
- Highlight: Acquired
Encomenda's Year-on-Year Investment Trends
Encomenda has invested in 78 companies over the last 10 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Jul 2026, it has made 5 investments in this year. Its most recent first time investment was in Eleva AI and most recent follow-on round was in Mathew.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 4 | 2 | 6 |
2024 | 7 | 0 | 7 |
2023 | 1 | 7 | 8 |
2022 | 0 | 0 | 0 |
2021 | 10 | 4 | 14 |
2020 | 3 | 5 | 8 |
2019 | 8 | 0 | 8 |
2018 | 10 | 0 | 10 |
Encomenda's Investments by Stage
Encomenda has made 46 investments in Seed stage with an average round size of $789K, 1 investment in Conventional Debt stage with an average round size of $1.46M, 1 investment in Series A stage with an average round size of $3.27M and 1 investment in Series B stage with an average round size of $5.74M.Stage of entry | No. of Investments |
|---|---|
Seed | 46 |
Conventional Debt | 1 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Encomenda's Investments by Sector
Encomenda has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Vertical SaaS and HealthTech. Notably, it has invested in 71 Tech companies, 50 Enterprise (B2B) companies, 41 Software companies and at least 33 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 27 |
Consumer | 13 |
FinTech | 10 |
Vertical SaaS | 8 |
HealthTech | 6 |
Others | 39 |
Note: We have considered here, only first round of investments
Encomenda's Investments by Geography
Encomenda has made most investments in Spain (49).Encomenda's recent investments
Encomenda has made 5 investments in 2026 so far. Eleva AI and Tripjoin are the latest among them.Here are the most recent investments by Encomenda:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 30, 2026 | Spain | Seed | 4968 | - | |
Jul 28, 2026 | Spain | Seed | 5687 | [+1] | |
Apr 16, 2026 | Spain | Seed | 6561 | ||
Apr 2026 | Spain | Seed | 1154 | ||
Mar 23, 2026 | Spain | Seed | 6703 | [+3] |
Acquired companies in Encomenda's Portfolio
14 companies from Encomenda's portfolio have been acquired. The most recent acquisition was Meller in Jul 2025 by Lenskart for $*****.Here are Encomenda's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 30, 2025 | - | - | 1467 | |
Jun 12, 2024 | Apr 11, 2019 | Seed | 2435 | |
Jan 12, 2023 | 2018 | Seed | 2751 | |
Oct 13, 2022 | 2018 | Seed | 7797 | |
Oct 11, 2022 | - | - | 2705 |
Team profile of Encomenda
Encomenda has a team of 10 members including 3 Partners, 2 Venture Partners and 1 Principal located in Spain. Encomenda's team does not sit on the board of any company as of now.Here is a list of all team members in Encomenda:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Barcelona | - | ||
Partner | Madrid | - | - | |
Partner | Barcelona | - | ||
Venture Partner | Barcelona | - | - | |
Venture Partner | Barcelona | - | ||
Principal | Spain | - | - |
Co-investors of Encomenda
Over the past 10 years, 146 investors have co-invested in Encomenda's portfolio companies. This includes funds and angels.
- Invested before Encomenda: Target Global, Albert Castells and 12 others have invested in rounds before Encomenda. There is 1 company where Target Global has invested before Encomenda and 1 company where Albert Castells has invested before Encomenda.
- Top Co-investors of Encomenda: 53 investors entered a company along with Encomenda. These include investors like Bstartup Banco Sabadell (3 companies).
- Invested after Encomenda: A total of 79 investors have invested in Encomenda's portfolio after their investments. Top Investors include Seaya (3 companies), Wayra (3 companies) and JME Venture Capital (3 companies).
Recent News related to Encomenda
•
•
Mathew Raises €1.2M Seed Round to Expand AI Education Platform Across Latin AmericaThe AI Insider•Jun 01, 2026•Mathew, Encomenda
•
Mathew levanta 1,2 millones de euros en una ronda participada por Encomenda y DeceleraEl Referente•May 26, 2026•Mathew, Encomenda
•
•
Spain's Bcount Closes €1 Million Funding RoundEl Referente•Mar 23, 2026•Encomenda, Coben Group, Bcount
•
•
Vig-Sec Drone closes a round of one million euros to accelerate the automation of its technologyEl Referente•Dec 10, 2025•Lugotransforma, Encomenda, Xesgalicia, Vigo Activo and 1 other
•
Spanish startup Uxia secures €1M to develop AI synthetic user technology for product teamsEU-Startups•Nov 27, 2025•Substack, Encomenda, User Testing, and 2 others
•
FitnessKPI receives 500,000 euros from Encomenda to boost international expansionEl Referente•Aug 04, 2025•FitnessKPI, Encomenda
•
Metly Secures €520K Pre-Seed Round for AI-Powered Pharma Product LaunchStartup Rise EU•Jul 22, 2025•Metly, Dozen, Encomenda, Ona Capital
