Encomenda Smart Capital

encomenda.com

Encomenda makes early-stage investments (pre-seed to Series A) in technology-driven founders primarily in Spain, with ticket sizes of €100-500k and follow-on capacity up to €3M. They are sector-agnostic but exclude hardware, healthcare, and life sciences, while emphasizing SaaS, AI, blockchain, and deep tech solutions.

Check Size

$100K - $500K

Stages

Pre Seed, Seed

Focus Areas

Ai Ml, Enterprise Saas, Developer Tools

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Investment Thesis

Encomenda is an entrepreneur-led VC firm founded by and managed by successful entrepreneurs with over 20 years of experience. They believe in investing in exceptional people and high-conviction teams at the earliest stages (pre-seed and seed) where they can apply their entrepreneurial experience and networks. Their philosophy is rooted in the belief that ‘Early Stage Venture Capital is about exceptional people’ and they focus on ‘good ideas that can become great partnerships and cultivate a brilliant future-forward ecosystem.’

What Sets Them Apart

Founder-oriented: 'Invest in teams and are 100% aligned with entrepreneurs'
Entrepreneur-led management with founder-friendly terms: 'We have been entrepreneurs ourselves'
Fast execution and quick decision-making with a fast track for smaller tickets
Strong hands-on approach: 'We are as active as our entrepreneurs requires us to be'
Network-driven approach with 8 venture partners and strong investor network for co-investments and follow-on funding
Born local, grow global: Focus on Spanish projects with international ambition
Capital efficiency focus: 'Loving capital efficiency—because more funding does not correlate with success'
Long-term support: Support companies 'from the very beginning to scaling'