About Yellow
Yellow is a venture capital firm founded in 2023. It is primarily based out of Barcelona, Spain. As of Nov 2026, Yellow is an active investor, having invested in 17 companies, with 6 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 Retail and High Tech. Most recently it participated in the $***** Seed round of Conlio A lot of funds co-invest with Yellow, with names like General Catalyst sharing a substantial percentage of its portfolio. Yellow has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Yellow's List of Top Investments
Yellow has a portfolio of 17 companies. Their most notable investmentis in Operait AITheir portfolio spans across France, United States, Spain and 3 more locations. They have invested in Enterprise Applications, Retail, High Tech and 10 other sectors, across stages such as Seed stage. Here is the list of top investments by Yellow:
1. Wordsmith
Developer of software for automating legal request intake and review. This system captures, triages, and records legal inquiries from various departments. It utilizes automated workflows to draft documents and manage contract reviews based on established organizational standards. The software integrates with existing communication and document management tools to facilitate the processing of legal matters. By routing requests and applying predefined logic, the system assists in managing legal tasks and maintaining audit records.
Key facts about Wordsmith
- Founded Year: 2023
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $114M
- Employee Count: 204 as on Oct 31, 2026
- Investors: Highland Europe, Felix Capital and 9 Others
- Latest Funding Round: Series B, Aug 05, 2026, $*****
- Highlight: Editors' Pick
2. Conlio
Provider of AI-based audit and payment solutions for logistics. The platform provides solutions such as AI-powered invoice management, payment links, payment gateways, payment integration software, and more.
Key facts about Conlio
- Founded Year: 2023
- Location: Berlin (Germany)
- Stage: Seed
- Total Funding till date: $8.58M
- Employee Count: 12 as on Oct 31, 2026
- Investors: Piton Capital, Booom and 6 Others
- Latest Funding Round: Seed, Nov 03, 2026, $*****
3. Sandra AI
AI powered customer service solutions. It is designed to revolutionize customer service in the automotive industry. Its multilingual AI receptionists handle calls, emails, and texts, scheduling appointments and capturing every lead to boost customer satisfaction. By automating call management, it enables car dealerships to focus on sales and customer engagement, while also enhancing operational efficiency.
Key facts about Sandra AI
- Founded Year: 2024
- Location: Paris (France)
- Stage: Seed
- Total Funding till date: $500K
- Employee Count: 23 as on Sep 30, 2026
- Investors: Kima Ventures, Y Combinator and 1 Other
- Latest Funding Round: Seed, 2024, $*****
4. Davis
Developer of automated architectural generation software for real estate development. This technology processes regulatory, market, and site data to produce feasibility studies, floor plans, and volumetric designs. The system integrates architectural constraints into the generation process to create structured layouts. Professional architects utilize these outputs to evaluate project viability and refine design options.
Key facts about Davis
- Founded Year: 2025
- Location: Paris (France)
- Stage: Seed
- Total Funding till date: $5.5M
- Employee Count: 17 as on Sep 30, 2026
- Investors: Heartcore Capital, Balderton Capital and 3 Others
- Latest Funding Round: Seed, May 05, 2026, $*****
5. Afori
Developer of an AI platform designed for insurance brokerage task automation. The platform structures tasks from emails, notes, and documents. It provides summaries and answers, automating routine tasks such as email drafting and document review. The platform integrates with existing software and offers data processing that adheres to data protection standards.
Key facts about Afori
- Founded Year: 2025
- Location: Barcelona (Spain)
- Stage: Seed
- Total Funding till date: $4.64M
- Employee Count: 19 as on Sep 30, 2026
- Investors: Booom, General Catalyst and 7 Others
- Latest Funding Round: Seed, Oct 14, 2025, $*****
Yellow's Year-on-Year Investment Trends
In 2025, it made 5 investments, while as of Nov 2026, it has made 6 investments in this year. Its most recent first time investment was in Conlio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 0 | 6 |
2025 | 5 | 0 | 5 |
2024 | 1 | 0 | 1 |
Yellow's Investments by Stage
Yellow has made 12 investments in Seed stage with an average round size of $3.99M.Yellow's Investments by Sector
Yellow has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, FinTech, High Tech and Retail. Notably, it has invested in 15 Enterprise (B2B) companies, 15 Software companies, 15 Tech companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Vertical SaaS | 6 |
FinTech | 2 |
High Tech | 2 |
Retail | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Yellow's Investments by Geography
Yellow has made most investments in Spain (3), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
Spain | 3 |
United States | 3 |
France | 2 |
Germany | 2 |
Denmark | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Yellow's recent investments
Yellow has made 6 investments in 2026 so far. Conlio and Flyboard are the latest among them.Here are the most recent investments by Yellow:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2026 | Germany | Seed | 8290 | [+6] | |
Jul 02, 2026 | Spain | Seed | 6369 | [+1] | |
Jun 05, 2026 | United States | Seed | 8624 | [+5] | |
Jun 02, 2026 | Germany | Seed | 4611 | [+2] | |
May 05, 2026 | France | Seed | 8354 | [+3] |
Team profile of Yellow
Yellow has a team of 5 members including 3 Partners and 2 Principals located in Spain, France and 1 more location. Yellow's team does not sit on the board of any company as of now.Here is a list of all team members in Yellow:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Spain | - | ||
Partner | France | - | ||
Partner | Barcelona | - | ||
Principal | San Francisco | - | ||
Principal | Barcelona | - |
Co-investors of Yellow
Over the past 2 years, 52 investors have co-invested in Yellow's portfolio companies. This includes funds and angels.
- Invested before Yellow: Fredrik Hjelm, Adam Jafer and 6 others have invested in rounds before Yellow. There is 1 company where Fredrik Hjelm has invested before Yellow and 1 company where Adam Jafer has invested before Yellow.
- Top Co-investors of Yellow: 41 investors entered a company along with Yellow. These include investors like General Catalyst (2 companies).
- Invested after Yellow: A total of 3 investors have invested in Yellow's portfolio after their investments. Top Investors include Scottish Enterprise (1 company), Highland Europe (1 company) and Intact Private (1 company).
Recent News related to Yellow
•
Conlio raises €6.4M seed funding round led by Piton Capital with participation from YellowCapital-Riesgo.es•Nov 03, 2026•Conlio, Yellow, Piton Capital, System One and 5 others
•
Innovafeed Raises €51M To Expand Sustainable Insect-Based Aanimal Feed ProductionTech Funding News•Jun 05, 2026•Kima Ventures, Seedcamp, Enzo Ventures, OPRTRS CLUB and 3 others
•
Opereit raises €2.2 million to automate logistics management with artificial intelligenceEl Referente•Jun 05, 2026•Yellow, Enzo Ventures, Kima Ventures, Seedcamp
•
Seedcamp and Yellow Inject €2.2 Million into OpereitExpansion•Jun 03, 2026•Yellow, Enzo Ventures, Kima Ventures, Seedcamp and 1 other
•
Afori financing round: New startup from wefox founders launches with €4 millionTrending Topics•Oct 14, 2025•Wefox, General Catalyst, Afori, Yellow and 2 others
•
Zenline AI secures $1.6m in funding from Seedcamp, Yellow, First Momentum, Arc InvestorsRetail Technology Innovation Hub•Aug 26, 2025•First Momentum Ventures, Seedcamp, Zenline AI, arc investors and 3 others
•
Danish startup Kiku raises €4 million to tackle the most overlooked hiring challenge with AIEU-Startups•Jul 16, 2025•Kiku, Yellow, Cherry Ventures
•
Scottish AI-powered legal tech startup Wordsmith secures €4.6M from Index Ventures, General Catalyst, othersSilicon Canals•Jul 02, 2024•Wordsmith, Index Ventures, General Catalyst, Felix Capital and 2 others
•
The fund with the founders of Glovo invests in three new 'startups'elEconomista.es•Jul 01, 2024•Glovo, Livo, AI-Wordsmith, Bud and 3 others
•
$5million Investment For Scottish Legal Tech Start-upProlific North•Jun 20, 2024•Wordsmith, Felix Capital, Yellow, s16vc and 2 others
