# Addendum Capital

Addendum Capital is a Private Equity based in Madrid, Spain.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** www.addendum.capital
- **LinkedIn:** https://www.linkedin.com/company/addendum-capital

## Regulatory record

- **Reports private funds:** No

## About

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.

## People

- Enrico Raggini — Founder & CEO

## 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.

## Related profiles

- [AddCapital Africa](https://altss.com/profile/addcapital-africa)
- [Add Health Media](https://altss.com/profile/add-health-media)

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Last updated: 2026-08-11T15:05:57.154Z

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