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The Venture Codex

Encomenda

C/ Mèxic, 17 – 2º 1ª, Barcelona, Catalonia, 08004, Spain

Overview

Encomenda is a Venture Capital specialized in seed investments in technology startups. They open the door to investors and professional business angels to capitalize on their investments through collective investment vehicles. They minimize investment risks thanks to the diversification of the portfolio and preferential access to the best projects in search of financing.

Total investments
57
Lead investments
21
Investments · 12mo
7
Active investors
6

Sector focus

  • Business Development
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Eleva AI

    Led · Seed · Jul 2026

    Eleva AI develops an AI platform that deploys conversational agents across high-traffic physical venues to guide visitors in natural language and turn interactions into actionable data for marketing, operations, asset management and leasing. Its agents also automate reporting and data consolidation for venue teams. Eleva AI already has deployments with major groups including Westfield, Klépierre and Carmila, and specific sites such as Westfield La Maquinista and La Gavia in Spain, as well as projects in the Mall of the Emirates in Dubai, a site in Italy and an Iceland airport via technology partner Mappedin. The company projects presence in more than 90 Spanish centers within the next 12 months, reflecting ongoing expansion. Following the €500,000 pre-seed round, Eleva AI plans to accelerate product development and scale deployments to lead the category globally.

  • Tripjoin

    Led · Equity · Jul 2026

    Founded in 2025, Tripjoin has developed a marketplace platform that centralizes the technological and operational infrastructure needed for creators and communities to organize, manage and monetize group travel. The company operates as a pure marketplace—connecting organizers with travelers without acting as an agency or creating proprietary experiences. In its first year it handled more than 1,100 travelers and generated over €500,000 in travel volume, growing organically. Tripjoin plans to use new funding to accelerate product development and strengthen its team to consolidate growth. The startup also aims to expand into nearby markets such as Italy and Portugal in the coming months.

  • Mathew

    Led · Seed · May 2026

    Founded in 2023 and headquartered in Sant Cugat del Vallès, Mathew provides an AI-driven educational platform for creating teaching resources, assessing exams and delivering personalized student follow-up while emphasizing data privacy and security. The company claims more than 100 partner educational centers and is active in Spain, Andorra, Colombia and Mexico, where it has a commercial agreement with Ceneval. Mathew has iteratively expanded platform functionality since launch and released a substantially renewed version in May. It has strategic content and distribution initiatives, including a collaboration with Macmillan to develop Órbitum for vocational training. Financially, Mathew reports sustained growth—having tripled revenue relative to its first year—and projects at least a threefold increase in 2026 versus 2025. The recent €1.2M seed round is intended to accelerate product development, market consolidation and international expansion.

  • CarHub

    Led · Equity · Apr 2026

    Founded in 2024, CarHub operates an end-to-end B2C marketplace that identifies, inspects, imports, matriculates and delivers used vehicles to customers in Spain. The company addresses price inefficiencies from a fragmented European market where vehicles in countries like Germany, the Netherlands and Belgium can be 15–25% cheaper than in Spain. CarHub has already delivered more than €180,000 in savings to its customers. The startup’s platform handles the operational frictions of cross-border purchase, import and registration, enabling a turnkey experience for buyers. With the new capital, CarHub plans to accelerate product development, strengthen its team and scale its import and registration operations to capture a market that saw a 20% increase in used-vehicle imports in 2025 versus 2024, according to Ganvam.

  • Bcount

    Participated · Seed · Mar 2026

    bcount has developed a proprietary platform that combines advanced automation and AI agents to interpret, prepare and file obligations with Spain's tax and social security authorities. Its platform unifies tax management, bank reconciliation via Open Banking, Verifactu-adapted digital invoicing, payroll management and centralized control of official notifications, while keeping specialized human support. The company also operates as an authorized Punto PAE, enabling fully digital and cost-free company incorporation processes. In its first year of activity bcount reported fourfold growth and aims to surpass 1,500 active customers by the end of 2026. bcount plans to use recent funding to scale customer acquisition, accelerate product and automation development, and expand its technical and product teams. Strategic advisors such as Álvaro Ramírez are supporting the company's push to digitize Spain's traditionally manual gestoría and advisory market.

Team