# Iope Ventures

Iope Ventures is a Venture Capital based in Madrid, Spain.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Madrid, Spain
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** https://wayra.com/iope-ventures

## Regulatory record

- **Reports private funds:** No

## About

Íope is the investment vehicle of Wayra and Telefónica Insurance to invest in InsurTech startups. Wayra together with Telefónica Seguros launched Íope Ventures as an investment vehicle specialized in insurtech and fintech. Its goal is to bring innovation into Telefónica Seguros’ value proposition as part of the Group’s open innovation strategy. It makes direct investments in B2B startups with the potential to transform the insurance sector.

## Sectors

- InsurTech
- FinTech

## People

- Irene Gómez — CEO of Wayra Telefónica
- Paloma Castellano — Director of Wayra Madrid

## Questions

### Who runs investment decisions at Iope Ventures?

Iope Ventures operates under the oversight of Irene Gómez, CEO of Wayra Telefónica, and Paloma Castellano, Director of Wayra Madrid. Investment decisions are made through the joint governance structure of Telefónica Seguros and Wayra, with deal teams drawing on Wayra's scouting network across Spain and Europe.

### How does Iope Ventures source proprietary deal flow?

As a joint vehicle between Wayra and Telefónica Seguros, Iope taps directly into Wayra's open innovation pipeline, which includes a network of hubs across Spain, the UK, Germany, and Latin America. The firm also co-invests frequently with Spanish venture firms like K Fund, Nauta Capital, and Swanlaab Venture Factory, creating a syndication-driven sourcing model that surfaces InsurTech deals early.

### Which sectors does Iope Ventures explicitly target?

Iope Ventures focuses on InsurTech and FinTech, with a portfolio concentrated in embedded insurance, claims automation, and digital insurance distribution. Its co-investments in Weecover, Bdeo, Wenalyze, and Foliume map to sub-sectors including visual intelligence for insurance, SME insurance platforms, and embedded product ecosystems.

### How is Iope Ventures related to Wayra and Telefónica?

Iope Ventures is a co-investment vehicle formed by Telefónica Seguros, the insurance subsidiary of Telefónica S.A., and Wayra, Telefónica's global open innovation hub. This structure gives Iope direct access to Wayra's startup pipeline while maintaining a dedicated insurance-sector mandate driven by Telefónica Seguros' commercial priorities.

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Last updated: 2026-08-11T15:07:05.535Z

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