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Encomenda Capital Partners
For entrepreneurs by entrepreneurs Early Stage Venture Capital is about exceptional people.
Encomenda Capital Partners
For entrepreneurs by entrepreneurs Early Stage Venture Capital is about exceptional people. We make high conviction investments in technology-driven pre-seed and seed founders. Entrepreneurs who create the world we want to live in. We believe in good ideas that can become great partnerships and cultivate a brilliant future-forward ecosystem. Encomenda is a VC firm created […]
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Spain
City
Barcelona
Corporate office
Barcelona, Spain
Additional offices
Madrid, Spain
Principals
Carlos Blanco
President & CEO
Mercè Tell
General Partner & COO
Javier Darriba
Key Partner
Christophe Canler
CRO
Jacobo Wirz
Partner
Mario Brassesco
Investment Director
Sector focus
Frequently asked questions
Who runs investment decisions at Encomenda Capital Partners?
Carlos Blanco, as President and CEO, leads the firm. He sets the investment strategy alongside General Partner and COO Mercè Tell, Key Partner Javier Darriba, and Partner Jacobo Wirz. The investment team is rounded out by Investment Director Mario Brassesco and a supporting analyst group, which collectively evaluates and executes deals.
How does Encomenda source its deal flow?
Encomenda sources through a dual channel. Its internal team of former founders maintains direct relationships within the Spanish startup ecosystem. A network of nine venture partners — sector specialists in blockchain, fintech, mobility, healthtech, edtech, traveltech, e-commerce, cloud, cybersecurity, and AI — provides additional deal flow and helps filter opportunities within their domains.
Does Encomenda participate in fund commitments or only direct deals?
Encomenda invests directly in startups from its own three seed funds. It does not operate as a fund-of-funds. Additionally, the firm allows its limited partners to co-invest directly into individual portfolio companies, according to its website, giving LPs exposure beyond the pooled fund structure.
What investment stages and check sizes does Encomenda target?
The firm focuses on pre-seed and seed stage. Initial tickets range from €100,000 to €500,000. Encomenda can make follow-on investments of up to €3 million per company, per disclosures on its website, supporting portfolio companies from the earliest rounds through later growth stages.
Does Encomenda maintain any philanthropic structures, and how are they separated?
There is no public record of a separate philanthropic foundation or charitable vehicle tied directly to Encomenda Capital Partners. The firm's public communications center exclusively on its venture capital activities.
What is Encomenda's known posture on co-investments alongside external GPs?
Encomenda states it maintains strong connections with national and international venture capital funds, suggesting it frequently co-invests alongside external GPs. The firm's model includes a network of co-investor relationships that support follow-on rounds and syndicated seed deals, though named co-investment partners are not publicly listed.
Which sectors does Encomenda explicitly avoid?
Encomenda does not publish a formal exclusion list. Its investment thesis centers on technology-based businesses — SaaS, AI, blockchain, and related deep tech. Sectors such as traditional heavy industry, brick-and-mortar retail without a tech layer, and non-technology services appear absent from its portfolio and stated focus.
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