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The Venture Codex

Kibo Ventures

7 Medellín, Madrid, 28010, Spain

Overview

Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies. Kibo Ventures manages $320 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25 year-old private equity arm). Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential. Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest. Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors.

Total investments
91
Lead investments
34
Investments · 12mo
9
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Mobile
  • Venture Capital
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Investment portfolio

  • FOSSA Systems

    Led · Equity · Jun 2026

    FOSSA Systems uses a vertically integrated model to design and deploy low Earth orbit (LEO) satellite constellations, which the company says reduces constellation costs by an order of magnitude. Its approach is positioned to enable governments and corporations to deploy secure space strategies in months rather than years. The company has operational roots in Spain and Portugal and is led by founder Julián Fernández. Recent commercial and strategic traction includes selection into NATO’s DIANA program and expansion into the Japanese defense market. Financially, FOSSA announced a roughly €9.25 million financing round co-anchored by Índico Capital Partners to accelerate expansion and defense-market activities. Índico characterized its investment as a follow-on to earlier backing as part of a plan to scale the team into a global category leader.

  • NeuralTrust

    Participated · Seed · Jun 2026

    NeuralTrust provides a platform to identify, secure, and govern AI agents operating across platforms and endpoints in the enterprise. Its product suite includes TrustGate (an agent gateway that brokers LLM, MCP, and tool calls), TrustGuard (a runtime security engine), and TrustLens (a posture management layer to discover and track agent behavior). Customers named in the release include AirEuropa, Abanca, Iberia, and Banc Sabadell, with 92% of its customers reporting annual revenues above $1B and 80% based in Europe. The company has been recognized by independent analysts—Gartner, KuppingerCole, and MarketsandMarkets—in market guides and leadership reports. NeuralTrust plans to use the new funding to grow engineering, deepen product integrations, and expand across the European market. Founders are Víctor García (CTO), Joan Vendrell (CEO) and Alejandro Domingo (COO).

  • Theker

    Participated · Series A · Jun 2026

    Theker develops AI-native generalist robots designed to operate autonomously and adapt in real time to changing industrial environments. Its technology targets industries such as logistics, retail, food and beverage, and waste management and is being deployed to address labour shortages in manufacturing and retail. The company positions its robots as a new category compared with traditional rigid, task-specific industrial robots. Founded in 2022 and based in Barcelona, Theker has raised €18 million in seed funding and an $85 million Series A. The firm plans to use the new capital to accelerate deployments with industrial operators, deepen its proprietary AI and robotics stack, and expand engineering and deployment teams.

  • MITO AI

    Participated · Seed · Jan 2026

    MITO AI offers a browser-based, multiplayer environment that combines foundational AI video, image, and audio models with professional-grade editing tools on an infinite canvas. Users can handle the entire creative workflow—from moodboarding and storyboarding to scripting, camera angles, visual effects, and multi-format deliverables—while directing an AI copilot that executes specific actions. The product is designed to automate tedious production tasks so storytellers can concentrate on originality and vision. Beyond the core platform, MITO is developing an AI-powered audiovisual studio that already collaborates with leading TV and movie production companies, and it plans to launch a curated marketplace of generative creators. With headquarters split between Madrid and San Francisco, the company’s mission is to democratize high-end storytelling tools and give global visibility to a new generation of creatives. MITO AI was launched in 2026 and is led by cofounder and CPO Danny Saltaren, a National Design Award recipient and former Head of Product Design at two unicorns. To date, the company has secured $4.5 million in pre-seed funding to fuel product development and ecosystem growth.

  • Zepo Intelligence

    Participated · Seed · Jan 2026

    Zepo Intelligence offers a comprehensive workspace security platform that merges human risk management with real-time threat detection to counter modern, AI-enabled social-engineering attacks such as deepfakes, voice scams, and multi-channel phishing. The platform lets enterprises simulate realistic attacks, surface employee vulnerabilities, and deliver behavior-based training while tracking readiness through live metrics. By unifying protection across email, messaging, voice, and other channels, Zepo moves beyond traditional point solutions like basic phishing tests and email filters. The company reports fivefold year-over-year revenue growth and uptake by several global enterprises, underscoring strong early market traction. Fresh capital will fund global scaling of its proprietary technology and an aggressive hiring plan focused on data engineering and artificial intelligence talent. Over the next 18 months, Zepo intends to expand its workforce and operations across Europe and the United States. Management positions the company as a leader in advancing agentic social intelligence to strengthen human risk management worldwide.

Team

  • Aquilino Pena

    Co-Founder & Partner

    LinkedIn
  • Javier Torremocha

    Co-Founder & Partner

    LinkedIn
  • Valeria Loewe

    Chief Operations Officer

    LinkedIn
  • Jose Maria Amusategui

    Founding Partner

    LinkedIn