Mutter Ventures

General Partners David Tomás and Oriol Pujol lead investment decisions at the firm. Both co-founded the vehicle in 2016 and remain actively involved in sourcing, diligence, and portfolio support. The firm has not publicly named additional investment committee members or outside advisors.

Mutter Ventures focuses on pre-seed through Series A rounds, with a strong emphasis on leading initial institutional checks for technical founders in Southern Europe. The firm maintains a concentrated portfolio and reserves capital to participate in follow-on rounds as portfolio companies scale.

While Barcelona and Madrid form the core of the firm's deal flow, Mutter Ventures considers opportunities across Southern Europe. The firm targets founders in markets with strong engineering talent but less developed local venture ecosystems compared to London, Berlin, or Paris.

The firm invests across enterprise software, AI/ML, fintech, industrial technology, and mobility — backing technical founders who build in verticals where deep product and engineering capability creates defensibility. It is not a broad generalist but maintains several conviction areas.

Mutter Ventures typically leads or co-leads rounds and has participated in syndicates alongside other European early-stage funds. The firm's public posture emphasizes high-conviction lead positions rather than passive follow-on participation in rounds led by larger multi-stage managers.