Private Equity

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Addendum Capital

Addendum Capital is an early-stage investment firm focused on B2B SaaS. It invests in outstanding founders with unique ideas and takes a hands-on approach,...

Addendum Capital logo

Addendum Capital

Addendum Capital is an early-stage investment firm focused on B2B SaaS. It invests in outstanding founders with unique ideas and takes a hands-on approach, growing businesses from the very early days. It focuses on SaaS enterprise B2B companies with recurrent revenue, early-revenue companies with MVP and product-market fit, and deep technology-based solutions, primarily EU-based companies across CyberSecurity, HealthTech, Data & Analytics, AgroTech and Logistics.

General information

Firm type

Private Equity

Year founded

1987

Location

Region

Europe

Country

Spain

City

Madrid

Corporate office

Madrid, Spain

Principals

Enrico Raggini

Founder & CEO

Frequently asked questions

What investment stage does Addendum Capital target?

Addendum Capital focuses on early-stage investments, providing initial rounds of institutional capital to companies. The firm's public description and regulatory filings consistently identify early-stage equity as its core mandate. This includes seed and Series A equivalent rounds within the Spanish and broader Southern European markets.

What sectors does Addendum Capital explicitly avoid?

Addendum Capital has not published an explicit restricted-sector list or negative screening criteria. Given its early-stage equity focus, the firm is unlikely to meaningfully participate in infrastructure, real estate debt, or late-stage buyouts. Without a public investment policy statement, any sector exclusion should be considered unconfirmed.

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