60 investors have funded 15 CFO Stack companies head-officed in Madrid, across 115 rounds (Aug 2017 – May 2026). They are ranked by how many Madrid companies in this market they have actually backed.
"In Madrid" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Y Combinator | Mountain View, United States | SeedSeries A | 4 | 7 | 5 | Oct 2023 | 5,648 |
| 2 | 4Founders Capital | Barcelona, Spain | SeedSeries ASeries B | 3 | 8 | 3 | May 2026 | 42 |
| 3 | Abac Nest | Barcelona, Spain | SeedAngelSeries B | 3 | 6 | 3 | Apr 2024 | 10 |
| 4 | JME Venture Capital | Alcobendas, Spain | Series BSeries A | 2 | 5 | 1 | Apr 2025 | 57 |
| 5 | Encomenda | Barcelona, Spain | SeedSeries A | 2 | 5 | 2 | Jul 2021 | 46 |
| 6 | Lanai Partners | Barcelona, Spain | SeedSeries A | 2 | 4 | 1 | Jul 2021 | 27 |
| 7 | FJ Labs | New York City, United States | SeedSeries B | 2 | 3 | 1 | Mar 2022 | 661 |
| 8 | Cathay Innovation | San Francisco, United States | Series ASeries B | 2 | 3 | 3 | May 2026 | 94 |
| 9 | Wayra | Madrid, Spain | SeedSeries B | 2 | 3 | 2 | Jul 2024 | 117 |
| 10 | K Fund | Madrid, Spain | Series ASeed | 2 | 2 | 2 | Jun 2021 | 82 |
| 11 | Base10 Partners | San Francisco, United States | Series B | 1 | 4 | 2 | Apr 2025 | 116 |
| 12 | Venture Friends | Athens, Greece | Series ASeedSeries B | 1 | 4 | 2 | May 2026 | 56 |
| 13 | Speedinvest | Vienna, Austria | SeedSeries ASeries B | 1 | 3 | 1 | Nov 2022 | 322 |
| 14 | Samaipata | Madrid, Spain | Series ASeries B | 1 | 3 | 2 | May 2026 | 41 |
| 15 | Balderton Capital | London, United Kingdom | Series ASeries B | 1 | 2 | 1 | Nov 2022 | 244 |
| 16 | Creandum | Stockholm, Sweden | Series ASeries B | 1 | 2 | 1 | May 2026 | 157 |
| 17 | 360 Capital Partners | Paris, France | Series ASeries B | 1 | 2 | — | Oct 2022 | 114 |
| 18 | Target Global | Berlin, Germany | SeedSeries A | 1 | 2 | 1 | Jul 2021 | 123 |
| 19 | Paladin Capital | Washington, DC, United States | Series ASeries B | 1 | 2 | 2 | Oct 2022 | 99 |
| 20 | Seaya | Madrid, Spain | Series ASeries B | 1 | 2 | 1 | Jul 2024 | 60 |
| 21 | Bright Pixel Capital | Maia, Portugal | Series ASeries B | 1 | 2 | — | Oct 2022 | 58 |
| 22 | TheVentureCity | Miami, United States | Seed | 1 | 2 | 1 | Jun 2021 | 52 |
| 23 | Swanlaab Venture Factory | Alcobendas, Spain | Series ASeries B | 1 | 2 | — | Oct 2022 | 25 |
| 24 | Octopus Ventures | London, United Kingdom | Series B | 1 | 1 | 1 | Nov 2022 | 300 |
| 25 | Point Nine | Berlin, Germany | Seed | 1 | 1 | 1 | Aug 2017 | 169 |
| 26 | Notion | London, United Kingdom | Series B | 1 | 1 | 1 | Nov 2022 | 139 |
| 27 | Inveready | Barcelona, Spain | Series B | 1 | 1 | — | Oct 2022 | 154 |
| 28 | Rocket Internet | Berlin, Germany | Seed | 1 | 1 | 1 | Jul 2020 | 123 |
| 29 | Fin Capital | San Francisco, United States | Seed | 1 | 1 | 1 | Jul 2022 | 95 |
| 30 | Kibo Ventures | Madrid, Spain | Series A | 1 | 1 | 1 | Sep 2017 | 73 |
| 31 | Force Over Mass | London, United Kingdom | Series A | 1 | 1 | — | Jan 2022 | 69 |
| 32 | Rebel Fund | San Francisco, United States | Series A | 1 | 1 | — | Jan 2022 | 69 |
| 33 | Angels Capital | Valencia, Spain | Seed | 1 | 1 | 1 | Jul 2021 | 54 |
| 34 | Bonsai Partners | Madrid, Spain | Series B | 1 | 1 | 1 | Apr 2025 | 45 |
| 35 | Bstartup Banco Sabadell | Alicante, Spain | Seed | 1 | 1 | — | Feb 2020 | 55 |
| 36 | DILA Capital | Mexico City, Mexico | Series B | 1 | 1 | — | Nov 2022 | 37 |
| 37 | Enisa | Madrid, Spain | Series B | 1 | 1 | — | Apr 2024 | 42 |
| 38 | Financiere Saint James | Paris, France | Seed | 1 | 1 | — | Sep 2021 | 35 |
| 39 | OneRagtime | Paris, France | Seed | 1 | 1 | 1 | Feb 2020 | 37 |
| 40 | Banco Sabadell | Barcelona, Spain | Seed | 1 | 1 | — | Apr 2019 | 36 |
| 41 | The Entrepreneurs' Fund | San Mateo, United States | Series A | 1 | 1 | — | Jan 2022 | 27 |
| 42 | Wille Finance | Zurich, Switzerland | Series B | 1 | 1 | — | Oct 2025 | 30 |
| 43 | Thomson Reuters Ventures | Toronto, Canada | Series B | 1 | 1 | 1 | Jul 2024 | 22 |
| 44 | Conexo Ventures | Madrid, Spain | Series B | 1 | 1 | 1 | Jul 2024 | 18 |
| 45 | Cusp Capital | Essen, Germany | Series B | 1 | 1 | 1 | May 2025 | 17 |
| 46 | Zone2boost | Barcelona, Spain | Seed | 1 | 1 | 1 | Feb 2021 | 16 |
| 47 | Itnig | Barcelona, Spain | Seed | 1 | 1 | 1 | Jul 2020 | 13 |
| 48 | 6 Degrees Capital | London, United Kingdom | Series B | 1 | 1 | 1 | Jul 2024 | 11 |
| 49 | PLUG & PLAY | Zurich, Switzerland | Seed | 1 | 1 | 1 | Feb 2021 | 11 |
| 50 | ATRESMEDIA | Madrid, Spain | Series B | 1 | 1 | — | Apr 2025 | 9 |
| 51 | Mango | Palau, Italy | Series B | 1 | 1 | 1 | Feb 2023 | 8 |
| 52 | Mediaset Espana | Madrid, Spain | Series B | 1 | 1 | — | Apr 2025 | 6 |
| 53 | AnaCap Financial Partners | London, United Kingdom | Unattributed | 1 | 1 | 1 | Jul 2022 | 5 |
| 54 | Maguar | Munich, Germany | Seed | 1 | 1 | — | Mar 2026 | 4 |
| 55 | HWK | Spain | Series A | 1 | 1 | 1 | Jun 2025 | 4 |
| 56 | Cabify | Madrid, Spain | Series A | 1 | 1 | — | Jan 2022 | 3 |
| 57 | Glovo | Barcelona, Spain | Series A | 1 | 1 | — | Jan 2022 | 3 |
| 58 | Morell Ventures | Seville, Spain | Seed | 1 | 1 | — | 1 | |
| 59 | Glenfarne Group | New York City, United States | Seed | 1 | 1 | — | Feb 2023 | 1 |
| 60 | Wallbox | Barcelona, Spain | Series A | 1 | 1 | — | Jan 2022 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
CFO Stack companies head-officed in Madrid that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Payflow payflow.es |
23 | 27 | $157.4M | Series B Oct 2025 |
| Cobee cobee.io |
11 | 20 | $302.9M | Series B Nov 2022 |
| TaxDown taxdown.es |
9 | 19 | $91.5M | Series B Apr 2025 |
| IriusRisk iriusrisk.com |
6 | 10 | $178.5M | Series B Oct 2022 |
| Fuell getfuell.com |
6 | 8 | $8.5M | Seed Jul 2022 |
| Embat embat.io |
5 | 14 | $260.1M | Series B May 2026 |
| Snab snabfinance.com |
3 | 5 | $3.7M | Seed Feb 2023 |
| Billin billin.net |
2 | 2 | $3.6M | Series A Sep 2017 |
| Woonivers woonivers.com |
2 | 3 | $3.4M | Seed Feb 2020 |
| icloudcompliance icloudcompliance.com |
2 | 2 | $2.3M | Series A Jun 2025 |
| Rollbox rollbox.io |
1 | 1 | $812K | Seed Aug 2017 |
| Invopop invopop.com |
1 | 1 | $500K | Seed Oct 2023 |
| Exaccta exaccta.com |
1 | 1 | — | |
| GlobalSuite Solutions globalsuitesolutions.com |
1 | 1 | — | Seed Mar 2026 |
| pfs pfsgroup.es |
1 | 1 | — | Unattributed Jul 2022 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| May 2026 | Cathay InnovationLED | Embat | Series B | $35.3M |
| May 2026 | Creandum | Embat | Series B | $35.3M |
| May 2026 | Venture Friends | Embat | Series B | $35.3M |
| May 2026 | 4Founders Capital | Embat | Series B | $35.3M |
| May 2026 | Samaipata | Embat | Series B | $35.3M |
| Mar 2026 | Maguar | GlobalSuite Solutions | Seed | — |
| Oct 2025 | Wille Finance | Payflow | Series B | $2.3M |
| Jun 2025 | HWKLED | icloudcompliance | Series A | $2.3M |
| May 2025 | Cusp CapitalLED | Payflow | Series B | $18.9M |
| Apr 2025 | JME Venture Capital | TaxDown | Series B | $4.6M |
| Apr 2025 | ATRESMEDIA | TaxDown | Series B | $4.6M |
| Apr 2025 | Mediaset Espana | TaxDown | Series B | $4.6M |
| Apr 2025 | 4Founders Capital | TaxDown | Series B | $4.6M |
| Apr 2025 | Base10 Partners | TaxDown | Series B | $4.6M |
| Apr 2025 | Bonsai PartnersLED | TaxDown | Series B | $4.6M |
| Jul 2024 | WayraLED | Payflow | Series B | $6.5M |
| Jul 2024 | Cathay InnovationLED | Payflow | Series B | $6.5M |
| Jul 2024 | Thomson Reuters VenturesLED | Payflow | Series B | $6.5M |
| Jul 2024 | Conexo VenturesLED | Payflow | Series B | $6.5M |
| Jul 2024 | SeayaLED | Payflow | Series B | $6.5M |
CFO Stack investors in other cities
Other markets in Madrid