About Grupo Intercom
Grupo Intercom is a venture capital firm founded in 1995. It is primarily based out of Sant Cugat del Valles, Spain. As of Feb 2021, Grupo Intercom has invested in 35 companies. It primarily invests in Seed round in Spain based startups. Its investments are spread across a wide range of sectors from Consumer to HealthTech and Enterprise Applications. Most recently it participated in the $***** Seed round of Delitbee Overall, Grupo Intercom portfolio has seen 1 IPO and 9 acquisitions including key companies like Pernod Ricard, Mubawab and Bodas. A lot of funds co-invest with Grupo Intercom, with names like RadialVision.com sharing a substantial percentage of its portfolio. Grupo Intercom has team of 9 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed
Portfolio IPOs
Grupo Intercom's List of Top Investments
Grupo Intercom has a portfolio of 35 companies. Their most notable investments are in Salir.com and Espaciodeco.Their portfolio spans across Spain, France, Morocco and 1 more locations. They have invested in Consumer, HealthTech, Enterprise Applications and 16 other sectors, across stages such as Seed stage. Here is the list of top investments by Grupo Intercom:Brand of wine, spirits, and champagne. It produces distilled beverages that include Absolut vodka, Jameson Irish whiskey, Chivas regal, beefeater gin, and Campo Viejo. In 2022, the company recorded annual revenues of $12.46B and a net profit of $2.52B.
Key facts about Pernod Ricard
- Founded Year: 1975
- Location: Paris (France)
- Stage: Public
- Employee Count: 19,335 as on Mar 31, 2026
- Investors: Elliott Management, CNP and 2 Others
- Latest Funding Round: Post IPO, Dec 12, 2018, $*****
- Highlight: Public
2. Mubawab
Mubawab is a parent company offering online listing portals and search engines for users looking to buy, sell, rent, and lease residential, commercial, and holiday renting real estate properties in Morocco, UAE, Qatar, Bahrain, Oman & Egypt. The company enables property providers to list their properties in two languages French and Arabic. The target customers are foreign nationals and home nationality users. Property seekers can browse for properties using location, and type of property filter. The company also sells advertisement spaces on the websites to property developers.
Key facts about Mubawab
- Founded Year: 2010
- Location: Casablanca (Morocco)
- Stage: Acquired
- Total Funding till date: $7.85M
- Investors: Grupo Intercom, Grow Venture Partners and 1 Other
- Latest Funding Round: Series A, Jan 14, 2020, $*****
- Highlight: Acquired

3. Bodas
Bodas is an online wedding event planning platform and vendor directory. The platform provides the directory of wedding related service providers apart from a bridal catalog for wedding inspirations and content. It also provides tools for wedding planning, guest management, expense management, etc. Its mobile app is available for Android and iOS devices.
Key facts about Bodas
- Founded Year: 2008
- Location: Madrid (Spain)
- Stage: Acquired
- Employee Count: 501 - 1,000 as on Jul 01, 2024
- Investors: Bonsai Partners, Grupo Intercom and 1 Other
- Highlight: Acquired

4. iVoox
Online platform for a podcast network. It allows users to listen, share, and publish audio content. Allows creators to upload their podcast and broadcast to the network, and access all relevant stats through a dashboard. Listeners can explore, search, and discover original content of all kinds of topics, subscribe to their favorite podcasts, and receive recommendations based on their interests and listening history. Also offers banner and audio ads, as well as sponsorships for podcasts.
Key facts about iVoox
- Founded Year: 2008
- Location: Barcelona (Spain)
- Stage: Funding Raised
- Employee Count: 77 as on Nov 13, 2025
- Investors: Criteria Venture Tech, Big Sur Ventures and 1 Other
Telemedicine Clinic is a sub-specialist radiology centre that provides reporting services and support to public service hospitals and local health authorities in Europe. According to the company, they have 150 accredited sub-specialist radiologists who focus on specific diagnostic areas that include Neuro, Body, Musculoskeletal, PET-CT, Mammography Screening and Nuclear Medicine.
Key facts about Telemedicine Clinic
- Founded Year: 2002
- Location: Barcelona (Spain)
- Stage: Acquired
- Total Funding till date: $9.71M
- Employee Count: 201 - 500 as on Jul 01, 2024
- Investors: Active Venture Partners, Kennet Partners and 1 Other
- Latest Funding Round: Series A, Sep 19, 2007, $*****
- Highlight: Acquired
Grupo Intercom's Year-on-Year Investment Trends
Grupo Intercom has invested in 36 companies over the last 21 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Delitbee and most recent follow-on round was in Clubkviar.Grupo Intercom's Investments by Stage
Grupo Intercom has made 9 investments in Seed stage with an average round size of $1.02M.Grupo Intercom's Investments by Sector
Grupo Intercom has a diverse portfolio, with companies operating in the Consumer, Food and Agriculture Tech, Auto Tech, Enterprise Applications and Gig Economy. Notably, it has invested in 27 Tech companies, 23 Consumer (B2C) companies, 8 Enterprise (B2B) companies and at least 6 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Food and Agriculture Tech | 3 |
Auto Tech | 1 |
Enterprise Applications | 1 |
Gig Economy | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Grupo Intercom's Investments by Geography
Grupo Intercom has made most investments in Spain (8), followed by Morocco where it has made 1 investment.Country | No. of Investments |
|---|---|
Spain | 8 |
Morocco | 1 |
Note: We have considered here, only first round of investments
Grupo Intercom's recent investments
Grupo Intercom has not made any investment in 2026 so far.Here are the most recent investments by Grupo Intercom:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 02, 2021 | Spain | Seed | 5134 | ||
Mar 07, 2014 | Spain | Seed | 1442 | - | |
Nov 30, 2013 | Spain | Seed | 6830 | [+1] | |
Jun 03, 2013 | Spain | Seed | 6806 | - | |
Mar 08, 2012 | Morocco | Seed | 3379 | - |
IPOs and Publicly Listed companies in Grupo Intercom's Portfolio
1 of Grupo Intercom's portfolio company became public - Pernod Ricard. It got listed on the Euronext Exchange (Euronext), in Jul 1992.Here are Grupo Intercom's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 31, 1992 | - | - | 9848 |
Acquired companies in Grupo Intercom's Portfolio
9 companies from Grupo Intercom's portfolio have been acquired. The most recent acquisition were Mubawab in May 2018 by Dubizzle Group.Here are Grupo Intercom's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 01, 2018 | Mar 08, 2012 | Seed | 1362 | |
Apr 18, 2018 | Nov 30, 2013 | Seed | 9208 | |
Nov 13, 2017 | - | - | 1124 | |
Sep 14, 2016 | - | - | 4483 | |
Feb 26, 2015 | - | - | 8618 |
Team profile of Grupo Intercom
Grupo Intercom has a team of 9 members including 3 Partners and 3 Principals located in Spain, United States and 1 more location. Grupo Intercom's team does not sit on the board of any company as of now.Here is a list of all team members in Grupo Intercom:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Madrid | - | - | |
Partner | Naucalpan de Juarez | - | - | |
Partner | Sant Cugat del Valles | - | ||
Principal | Barcelona | - | ||
Principal | Naples | - | - | |
Principal | Barcelona | - | - |
Co-investors of Grupo Intercom
Over the past 21 years, 12 investors have co-invested in Grupo Intercom's portfolio companies. This includes funds and angels.
- Invested before Grupo Intercom: Highgrowth has invested before Grupo Intercom.
- Top Co-investors of Grupo Intercom: 10 investors entered a company along with Grupo Intercom. These include investors like RadialVision.com (1 company).
- Invested after Grupo Intercom: Dubizzle Group (1 company) is the only investor which has invested in Grupo Intercom's portfolio after their investments.
