Encomenda
Encomenda is a Barcelona-based early-stage venture capital firm founded in 2017 by serial entrepreneurs led by Carlos Blanco, making high-conviction pre-seed and seed investments in technology-driven founders in Spain and Southern Europe across SaaS, AI, fintech and digital marketplaces.
AUM
–
Funds
3
vintages 2016–2024
Portfolio
37
Exits
2
Key facts
Recent exits
Premiumguest
SaaS2024 · 2yr hold
Waynabox
E-commerce2023 · 7yr hold
Coverage notes
3 funds tracked, 39 portfolio companies (37 active · 2 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
39 companiesSaaS
9 · 23%
Fintech
5 · 13%
E-commerce
5 · 13%
HealthTech
4 · 10%
AI/ML
3 · 8%
EdTech
3 · 8%
FoodTech
2 · 5%
AgTech
1 · 3%
Funds & portfolio
Every fund Encomenda has raised, with its portfolio companies. Hand-checked from public filings.
3 funds
Encomenda Seed IIVC2024 · 2yr24 active
Unrealized
24 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AgTech |  Spain | 2024 | |
| Fintech | Spain | 2026 | |
| SaaS | Spain | 2024 | |
| E-commerce | Spain | 2026 | |
| E-commerce | Spain | 2024 | |
| HealthTech | Spain | 2025 | |
| ClimateTech | Spain | 2024 | |
| AI/ML | Spain | 2026 | |
| SaaS | Spain | 2024 | |
| Fintech | Spain | 2024 | |
| SaaS | Spain | 2024 | |
| Deep Tech | Spain | 2024 | |
| AdTech | Spain | 2024 | |
| EdTech | Spain | 2024 | |
| HealthTech | Spain | 2025 | |
| SaaS | Spain | 2024 | |
| HealthTech | Spain | 2025 | |
| Cybersecurity | Spain | 2025 | |
| E-commerce | Spain | 2026 | |
| SaaS | Spain | 2025 | |
| Aerospace & Defence | Spain | 2025 | |
| AI/ML | Spain | 2026 | |
| Fintech | Spain | 2024 | |
| SaaS | Spain | 2024 |
AbastoresActive
AgTechSpain· Entry 2024
Spain· Entry 2024bcountActive
FintechSpain· Entry 2026
Spain· Entry 2026BronzeActive
SaaSSpain· Entry 2024
Spain· Entry 2024CarHubActive
E-commerceSpain· Entry 2026
Spain· Entry 2026CuimoActive
E-commerceSpain· Entry 2024
Spain· Entry 2024DeporwellActive
HealthTechSpain· Entry 2025
Spain· Entry 2025EcostarsActive
ClimateTechSpain· Entry 2024
Spain· Entry 2024Eleva AIActive
AI/MLSpain· Entry 2026
Spain· Entry 2026EvolbeActive
SaaSSpain· Entry 2024
Spain· Entry 2024EzpaysActive
FintechSpain· Entry 2024
Spain· Entry 2024Fitness KPIActive
SaaSSpain· Entry 2024
Spain· Entry 2024Illumo RoboticsActive
Deep TechSpain· Entry 2024
Spain· Entry 2024Loud IntelligenceActive
AdTechSpain· Entry 2024
Spain· Entry 2024MathewActive
EdTechSpain· Entry 2024
Spain· Entry 2024MetlyActive
HealthTechSpain· Entry 2025
Spain· Entry 2025MitteActive
SaaSSpain· Entry 2024
Spain· Entry 2024OviantaActive
HealthTechSpain· Entry 2025
Spain· Entry 2025CybersecuritySpain· Entry 2025
Spain· Entry 2025TripjoinActive
E-commerceSpain· Entry 2026
Spain· Entry 2026UxiaActive
SaaSSpain· Entry 2025
Spain· Entry 2025Vig Sec DroneActive
Aerospace & DefenceSpain· Entry 2025
Spain· Entry 2025VoiceB.aiActive
AI/MLSpain· Entry 2026
Spain· Entry 2026ZexelActive
FintechSpain· Entry 2024
Spain· Entry 2024ZinkeeActive
SaaSSpain· Entry 2024
Spain· Entry 2024N Ventures 1 IncubacionVCHarvesting2021 · 5yr9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| HealthTech | Spain | 2023 | |
| Fintech |  Sweden | 2023 | |
| FoodTech | Spain | 2023 | |
| Gaming | Spain | 2022 | |
| Fintech | Spain | 2021 | |
| AI/ML | Spain | 2024 | |
| EdTech | Spain | 2022 | |
| SaaS | Spain | 2025 | |
| EdTech | Spain | 2022 |
AredianaActive
HealthTechSpain· Entry 2023
Spain· Entry 2023Clar Global ABActive
FintechSweden· Entry 2023
Sweden· Entry 2023FoodieFameActive
FoodTechSpain· Entry 2023
Spain· Entry 2023Games 4 a LivingActive
GamingSpain· Entry 2022
Spain· Entry 2022KintaiActive
FintechSpain· Entry 2021
Spain· Entry 2021KomboAIActive
AI/MLSpain· Entry 2024
Spain· Entry 2024MinicodersActive
EdTechSpain· Entry 2022
Spain· Entry 2022PeimiActive
SaaSSpain· Entry 2025
Spain· Entry 2025Profe.comActive
EdTechSpain· Entry 2022
Spain· Entry 2022Palladium Corporate VenturesVCHarvesting2016 · 10yr4 active · 2 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS | Spain | 2019 | |
| Consumer | Spain | 2020 | |
| E-commerce | Spain | 2018 | |
| FoodTech | Spain | 2017 |
AervioActive
SaaSSpain· Entry 2019
Spain· Entry 2019EssentialistActive
ConsumerSpain· Entry 2020
Spain· Entry 2020ExoticcaActive
E-commerceSpain· Entry 2018
Spain· Entry 2018FudeatActive
FoodTechSpain· Entry 2017
Spain· Entry 2017Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | Spain | 2022 | 2024 | Trade Sale | – | ||
| E-commerce | Spain | 2016 | 2023 | Trade Sale | – |
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Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Carlos Blanco
President & CEO
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Last updated August 2026 · Sourced from public filings · Report an issue