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The Venture Codex

K Fund

Calle Juan Bravo 10, 2, Madrid, 28006, Spain

Overview

Multi-stage venture capital firm investing in digital-first startups.

Founded

2016

Deals · 12mo

23

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Spain
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

104rounds
NAMEDATESIZE
Complaion
Sep 2026Participated
$15 MSeed
Quartz
Sep 2026Participated
$4 MSeed
HeyDiga
Sep 2026Led
$6 MSeed
Flyboard
Sep 2026Participated
$2 MSeed
HappyRobot
Aug 2026Participated
$150 MSeries C
Coverwatch
Jul 2026Participated
$5 MSeed
Causa Prima
Jun 2026Participated
$10 MSeed
Theker
Jun 2026Participated
$85 MSeries A
Mafer AI
May 2026Led
$2 MSeed
Sofía
May 2026Led
$21 MOther Equity
BASE4 Biosciences
Apr 2026Participated
$1 MSeed
Traza
Apr 2026Participated
$2 MSeed
Complaion
Sep 2026Participated
$15 MSeed
Quartz
Sep 2026Participated
$4 MSeed
HeyDiga
Sep 2026Led
$6 MSeed
Flyboard
Sep 2026Participated
$2 MSeed
HappyRobot
Aug 2026Participated
$150 MSeries C
Coverwatch
Jul 2026Participated
$5 MSeed
Causa Prima
Jun 2026Participated
$10 MSeed
Theker
Jun 2026Participated
$85 MSeries A
Mafer AI
May 2026Led
$2 MSeed
Sofía
May 2026Led
$21 MOther Equity
BASE4 Biosciences
Apr 2026Participated
$1 MSeed
Traza
Apr 2026Participated
$2 MSeed
104
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Insights

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Deal Distribution

K Fund: 104 funding rounds are recorded in the selected participation categories.All available history.
K Fund: 104 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1328
Series A48
Series B14
Series C+03
Other Equity2220
Debt01

Monthly Deal Activity

K Fund: 104 deals are recorded across 121 months.All available history.
K Fund: 104 deals are recorded across 121 months. All available history
MonthDeals
Oct '161
Nov '160
Dec '161
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '170
Aug '170
Sep '171
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '182
Jun '182
Jul '180
Aug '180
Sep '180
Oct '182
Nov '180
Dec '181
Jan '190
Feb '190
Mar '191
Apr '191
May '191
Jun '190
Jul '190
Aug '191
Sep '190
Oct '190
Nov '190
Dec '190
Jan '201
Feb '201
Mar '200
Apr '203
May '201
Jun '200
Jul '203
Aug '200
Sep '200
Oct '204
Nov '202
Dec '200
Jan '210
Feb '210
Mar '212
Apr '212
May '213
Jun '211
Jul '211
Aug '210
Sep '212
Oct '211
Nov '211
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '222
Jun '222
Jul '221
Aug '220
Sep '221
Oct '222
Nov '220
Dec '221
Jan '230
Feb '231
Mar '230
Apr '231
May '231
Jun '231
Jul '232
Aug '230
Sep '231
Oct '230
Nov '231
Dec '231
Jan '242
Feb '241
Mar '240
Apr '240
May '241
Jun '241
Jul '240
Aug '240
Sep '241
Oct '241
Nov '240
Dec '240
Jan '252
Feb '250
Mar '250
Apr '250
May '252
Jun '253
Jul '251
Aug '250
Sep '252
Oct '252
Nov '251
Dec '252
Jan '262
Feb '263
Mar '261
Apr '263
May '262
Jun '262
Jul '261
Aug '261
Sep '264
Oct '260

Sector Breakdown

K Fund: Enterprise Software is the largest displayed sector by deal count (44 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

K Fund: Enterprise Software is the largest displayed sector by deal count (44 deals). All available history
SectorDeals
Enterprise Software44
AI & Machine Learning34
Fintech29
Networks, Cloud & Communication28
Professional Services18
Transportation & Logistics11
Health & Life Sciences10
E-Commerce & Retail9
Travel & Hospitality8
Data, Analytics & IT8
Consumer & Lifestyle8
Developer Tools8
Real Estate & Construction6
Marketing & Advertising6
Cybersecurity & Privacy5
Clean Energy & Sustainability4
Hardware & Robotics4
Media & Entertainment4
Food & Agriculture4
Education & Workforce3
AR/VR2
Crypto & Blockchain2
Manufacturing1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

K Fund: 104 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

K Fund: 104 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M63
$5M-$10M17
$10M-$25M14
$25M-$50M4
$50M-$100M4
$100M-$250M2
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

K Fund: Europe has the largest recorded deal count among the displayed regions (80 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

K Fund: Europe has the largest recorded deal count among the displayed regions (80 deals). All available history
RegionDeals
Europe80
United States16
Mexico2
Brazil1
900941
El Salvador1
Canada1
Singapore1
088601
K Fund: 20 co-investors are shown, with Kibo Ventures sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

K Fund: 20 co-investors are shown, with Kibo Ventures sharing 9 recorded deals. All available history
Co-investorShared deals
Kibo Ventures9
Creandum7
FJ Labs6
JME Ventures6
4Founders Capital5
Itnig5
All Iron Ventures4
Bonsai Partners4
CRV4
Point Nine Capital4
PROfounders Capital4
Shilling4
Speedinvest4
Y Combinator4
Armilar Venture Partners3
Bankinter3
Big Sur Ventures3
Cathay Innovation3
Encomenda3
Enzo Ventures3

Investment Strategy

K Fund: Led accounts for 38% and participating for 62% of round participation.All available history.
K Fund: Led accounts for 38% and participating for 62% of round participation. All available history
CategoryDeals (count)Share (%)
Led4038%
Participating6462%
K Fund: Single-lead accounts for 53% and co-led for 48% of lead dynamics.All available history.
K Fund: Single-lead accounts for 53% and co-led for 48% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2153%
Co-led1948%

Team

Carina Szpilka

Co-founder & General Partner

Cristina García-Margallo

Legal

Gustavo S. Carvalhal Ribas, CFA
Ignacio Larrú

General Partner

Iñaki Arrola

Cofounder and Managing Partner

Jaime Novoa

Principal

Marc Clemente Yeves

Business Management

Miguel Arias

Partner

Pablo Ventura

General Partner

Sergio Álvarez-Leiva

General Partner