Kapita

Kapita invests from seed through late-stage growth, covering the full lifecycle of venture-backed companies. The firm's mandate includes early-stage seed and startup rounds, as well as expansion capital for more mature businesses. This generalist venture approach lets Kapita support companies from initial institutional capital through to international scaling efforts.

Kapita focuses on the Iberian Peninsula, with its operations and deal sourcing centered in Madrid. The firm invests in Spanish and Portuguese companies, operating in a market where domestic institutional venture capital has historically been limited. This regional concentration gives Kapita deep local market knowledge and access to deal flow that larger international funds often overlook.

Kapita sources deals through its Madrid-based network, which includes relationships with local founders, accelerators, and the broader Spanish startup ecosystem. The firm relies on direct, relationship-driven origination rather than broad marketing or intermediary-heavy processes. Its focus on the Iberian market means much of its pipeline comes from regional entrepreneurial networks and repeat founder interactions.

Kapita operates as a private equity firm with a venture and growth-equity mandate, blurring the traditional line between venture capital and private equity. Its strategy covers both early-stage venture investments and later-stage growth capital. This dual approach allows the firm to participate across a wider spectrum of company development stages than a pure-play VC.

Kapita's position as a domestic capital aggregator in Spain suggests it may participate in syndicated rounds alongside international venture firms. Given the structural reliance of Iberian startups on foreign capital for later-stage rounds, the firm likely serves as a local anchor investor that can facilitate introductions to global co-investors. Specific co-investment relationships have not been confirmed through public disclosures.