Asset Manager

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Lanzadera

Juan Roig launched Lanzadera in 2013, channeling a portion of the wealth generated by Mercadona—Spain's dominant supermarket group—into an accelerator...

Lanzadera logo

Lanzadera

Juan Roig launched Lanzadera in 2013, channeling a portion of the wealth generated by Mercadona—Spain's dominant supermarket group—into an accelerator based in Valencia's Marina de Empresas complex. The program sits alongside EDEM Business School and Angels Capital, forming a self-contained ecosystem that educates founders, houses them in a repurposed port warehouse, and funds their companies. Hortensia Herrero, Roig's wife and Mercadona's vice-president, oversees a parallel philanthropic apparatus including the Hortensia Herrero Foundation and the city's landmark art center, CAHH. Lanzadera deploys capital across the full early-stage spectrum, from seed to growth, selecting roughly 100 startups per cohort through a competitive call. In addition to a grant-style initial injection—reported at up to €500,000 for top performers—participants receive free workspace, mentorship from Mercadona executives, and exposure to the 'Total Quality' model that scaled Mercadona to €31 billion in annual revenue. Portfolio companies span enterprise software, mobility, fintech, agritech, and deeptech, with alumni including Zeleros, a hyperloop-adjacent transport developer, and Sepiia, a technical fashion label. Lanzadera can also arrange venture debt and, unlike a traditional VC, does not seek equity in exchange for its core program funding. Roig funds Lanzadera through his personal holding, with Angels Capital—the investment arm inside Marina de Empresas—providing follow-on rounds for standout graduates. The combined vehicle has backed over 1,300 companies since inception, per the firm's official communications. Lanzadera operates from a single campus in Valencia but draws applicants from across Europe and Latin America. Its parent structure ties it to national industry bodies including SpainCap. A late-2023 milestone saw the accelerator deepen its sustainability track, aligning with the EU's Green Deal investment taxonomy for new portfolio selections. Lanzadera occupies a rare posture: a billionaire-funded generalist accelerator that pursues impact-style industrial transformation without extracting early equity. The structural loop is proprietary—EDEM trains talent, Lanzadera incubates and funds it, Angels Capital scales it, and Mercadona sometimes becomes a first customer. This full-stack model means Lanzadera acts less like a fund and more like a regional development engine underwritten by a single family's balance sheet, with no external LP pressure to exit.

General information

Firm type

Generalist

Year founded

2013

AUM

Undisclosed

Location

Region

Europe

Country

Spain

City

Valencia

Corporate office

Valencia, Spain

Principals

Juan Roig

Founder

Sector focus

Enterprise SoftwareMobility & TransportationAgriTech & FoodTechFinTechDigital HealthPropTechRobotics & AutomationEnergy Transition & RenewablesMedia & EntertainmentLuxury

Frequently asked questions

Who makes the final investment decisions at Lanzadera?

Juan Roig personally approves the strategic direction and significant follow-on commitments, delegating cohort selection to an internal investment committee composed of former Mercadona executives and external sector specialists. Day-to-day evaluation is led by the accelerator's managing director. Unlike a limited partner-driven fund, the structure concentrates ultimate authority with Roig.

Does Lanzadera take equity in the startups it accelerates?

Lanzadera's core accelerator program does not require equity. The initial support—including workspace, mentorship, and initial capital injections—is structured as a grant or soft loan. Equity only enters the relationship when Angels Capital, the investment arm within Marina de Empresas, participates in a subsequent priced funding round for standout graduates.

How does the Mercadona connection benefit a Lanzadera startup?

Mercadona acts as a testbed and a management laboratory. Founders gain access to the 'Total Quality' operating system that Mercadona uses to manage over 1,600 stores, and portfolio companies working on retail, logistics, or agritech solutions can pilot directly with Spain's largest grocer. Additionally, dozens of senior Mercadona executives rotate through as mentors each year.

What is the financial relationship between Lanzadera and Angels Capital?

Lanzadera and Angels Capital are separate legal entities within the Marina de Empresas conglomerate, both ultimately owned by Juan Roig. Lanzadera handles the non-dilutive accelerator program, while Angels Capital is a pure equity investor that writes checks from €100,000 to over €1 million into later-stage rounds, often for companies that graduated from the accelerator.

Is Lanzadera only for Spanish startups?

While deeply rooted in Valencia, Lanzadera accepts international applications and has funded companies from across continental Europe and Latin America. The program requires a physical presence at the Marina de Empresas campus during the acceleration phase, which effectively selects for founders willing to relocate to Valencia for the duration.

Does Lanzadera have a philanthropic mandate, or is it pure investment?

Lanzadera sits at the intersection. It is not a registered charity—it operates from Juan Roig's personal for-profit holding—but its non-dilutive model and regional development focus function like an economic development initiative. The Roig family's formal philanthropy, including the Trinidad Alfonso Foundation and Hortensia Herrero Foundation, runs in parallel and is structurally separate from the accelerator.

How does Lanzadera source its deal flow?

The primary channel is an open-call application process run twice yearly, which attracts several thousand submissions per cohort. Inbound demand is supplemented by referrals from the EDEM Business School network, Mercadona's 500+ supplier relationships, and alumni founders within the Marina de Empresas ecosystem. Lanzadera does not rely on a traditional venture scout network.

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