# Carlos Espinal

> Carlos Espinal is a seed investor at Seedcamp (London) backing Software and SaaS. See 32 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Seedcamp](https://shizune.co/investors/profile/seedcamp)
- Location: London, United Kingdom
- Total investments: 32
- Last investment: Jun 2026
- Lead investor: 19%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/carloseduardoespinal
- X (Twitter): http://twitter.com/cee
- Website: http://thedrawingboard.me/
- Facebook: https://www.facebook.com/c3duardo

Carlos Espinal is a seed investor at Seedcamp in London focused on Software and SaaS. Carlos is Managing Partner at Seedcamp, Europe's seed fund, investing early in world-class founders attacking large, global markets and solving real problems using technology. Carlos hails originally from Latin America and joined Seedcamp in '09 following stints as an Associate at Doughty Hanson Technology Ventures and as an engineer forthe Advanced Communications Technologies group of The New York Stock Exchange (SIAC). Carlos runs Seedcamp alongside Reshma Sohoni and is passionate about working closely with founders from their earliest stage, supporting them across everything from finding product-market-fit to setting fundraising milestones - he wrote a successful book on that very topic, The Fundraising Fieldguide. Carlos is frequently listed as one of the most influential voices in tech and VC. You can find Carlos podcasting at 'This Much I Know' where he interviews leading tech voices, innovators, entrepreneurs, investors and operators as they share their stories with Seedcamp's global audience.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $159k–$6.3M |
| Pre-Seed | $393k–$7.3M |
| Series A | $8.5M–$17M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 8 | 25% |
| SaaS | 5 | 16% |
| Artificial Intelligence | 5 | 16% |
| Finance | 3 | 9% |
| Financial Services | 3 | 9% |

67 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 14 | 44% |
| Pre-Seed | 10 | 31% |
| Series A | 4 | 13% |
| Angel | 1 | 3% |
| Series B | 1 | 3% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 15 | 47% |
| Germany | 3 | 9% |
| United States | 3 | 9% |
| France | 2 | 6% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SE3 Labs | SE3 Labs creates Spatial AI tools to improve real-time awareness in defense, construction, and smart systems. | $6.3M | Seed | Jun 26, 2026 |  |
| Lupin & Holmes | Lupin & Holmes is an expert in social engineering and offensive cybersecurity. Three pillars support our services: strategic bug bounty hunting, extensive research and development projects. | $5.9M | Pre-Seed | Mar 17, 2026 |  |
| Outpost | Outpost.ai offers programmable infrastructure that simplifies global selling for merchants by handling payments, taxes, compliance, and legal liabilities.It acts as the legally liable entity (Merchant of Record and Tax of Record) across markets like Europe, North America, LATAM, and Asia, using dedicated local entities to enable domestic paymentprocessing. | $17.5M | Series A | Mar 10, 2026 |  |
| Arcjet | Arcjet helps developers protect their apps in just a few lines of code. Implement rate limiting, bot protection, email validation, and defense against common attacks. | $8.5M | Series A | Oct 08, 2025 |  |
| Kerys Software | Kerys Software is a Data Security Product Manufacturing firm developing secured virtualization tool for cases. | $7.3M | Pre-Seed | Jul 01, 2025 |  |
| Refute | Refute identifies and addresses misinformation on behalf of there businesses. |  | Angel | Apr 01, 2024 |  |
| Membrane | Membrane is AI for product integrations. Describe what you need, watch integrations build, test and maintain themselves.We exist to let any product connect to any other reliably, safely, and at scale, by turning intent & customer needs into integrations with AI.Our platform offers the state-of-the-art solution in the AI Age for productintegrations:Membrane Agent builds integrations for one or multiple apps at once, choosing correct API calls, field mappings, and data structuresMembrane Engine is the configurable infrastructure that you or any agent can play with. It contains actions, events/webhooks, flows, data collections, unified API models, field mappings, and schemas & more used to build and maintain integrations at scale.Membrane Packages - integration code that is purpose built for your use case, that you can deploy in your IDE.Membrane is used by 100+ B2B SaaS companies like Constant Contact, PandaDoc, Dialpad, Storyblok & many others as their preferred integration partner | $3.5M | Seed | Nov 07, 2023 |  |
| Cakewalk | Cakewalk is the easiest Identity & Access Management. Cakewalk exists to enable fast-moving companies to regain control over the software they use. Made for IT & Security teams. And the actual users of software: your employees. | $3.3M | Pre-Seed | May 16, 2023 |  |
| Yonder | Yonder is a credit card that allows users to build good credit habits while earning and enjoying rewards at their favorite spots in town. They're on a mission to make money rewarding and credit empowering through products people understand and love.They're building a challenger credit card that's a key to the city, designed forexpats and young professionals. They've packed it with modern rewards, travel insurance, no FX fees, and loads more - all without needing a UK credit score. | $15.5M | Series A | Apr 17, 2023 |  |
| Kern AI | Kern AI offers services in the field of natural language processing that enable a range of interaction modes between humans and machines. They manage natural language products, ETL pipelines, and workflows. The company's contact modes are mail and physical address. |  | Seed | Feb 16, 2023 |  |

10 of 32 investments shown.

## Co-investors
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 5 deals together
- [WndrCo](https://shizune.co/investors/profile/wndrco-llc) — VC Fund, 4 deals together
- [BACKED VC](https://shizune.co/investors/profile/backed-vc) — VC Fund, 3 deals together
- [Crew Capital](https://shizune.co/investors/profile/crew-capital) — VC Fund, 3 deals together
- [Salica](https://shizune.co/investors/profile/hambroperksltd) — VC Fund, 3 deals together
- [Kima Ventures](https://shizune.co/investors/profile/kima-ventures) — VC Fund, 3 deals together

## About Seedcamp

VC Fund · London, United Kingdom

Seedcamp is Europe's seed fund, identifying and investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 400 startups building breakout businesses that change the way people live, interact and buy and includes publicly listed UiPath, Wise, and unicornsRevolut, Hopin, Sorare, Pleo, and wefox along with fast-growing businesses such as Grover, viz.ai and Ezra. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support and a global network built upon more than a decade's experience backing exceptional talent.Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than a decade's experience backing exceptional talent.

5 contacts available at Seedcamp.

| Name | Title | Profile |
| --- | --- | --- |
| Antonia Whitecourt | Head of Finance | https://shizune.co/investors/profile/antonia-whitecourt |
| Bilal Djelassi | Judge & Investor | https://shizune.co/investors/profile/bilal-djelassi |
| Carlos Espinal | Managing Partner | https://shizune.co/investors/profile/carlos-espinal |
| Declan Kelly | Expert in Residence | https://shizune.co/investors/profile/declan-kelly-2 |
| Dimitar Stanimiroff | Mentor | https://shizune.co/investors/profile/dimitar-stanimiroff |

## Similar investors

### Similar industry
- [1745 Ventures](https://shizune.co/investors/profile/bertelsmann-digital-media-investments) — VC Fund
- [Knight Enterprise Fund](https://shizune.co/investors/profile/knight-enterprise-fund) — VC Fund
- [Advancit Capital](https://shizune.co/investors/profile/advancit-capital) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [Fuel Ventures](https://shizune.co/investors/profile/fuel-ventures-fund) — VC Fund
- [Business Growth Fund](https://shizune.co/investors/profile/business-growth-fund) — VC Fund

## Featured in investor lists
- [Finance Angel Investors in United Kingdom](https://shizune.co/investors/finance-angel-investors-united-kingdom)
- [Digital Media Angel Investors in United Kingdom](https://shizune.co/investors/digital-media-angel-investors-united-kingdom)
- [Publishing Investors in United Kingdom](https://shizune.co/investors/publishing-investors-united-kingdom)
- [Digital Media Angel Investors in Europe](https://shizune.co/investors/digital-media-angel-investors-europe)

## FAQ

### What does Carlos Espinal invest in?

Carlos Espinal invests primarily in Software, SaaS and Artificial Intelligence startups, most often at Seed and Pre-Seed stage. Most of the 32 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Carlos Espinal's check size?

Carlos Espinal typically joins rounds of $159k–$6.3M at Seed, $393k–$7.3M at Pre-Seed and $8.5M–$17M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Carlos Espinal participates in.

### When did Carlos Espinal last invest?

The most recent investment recorded for Carlos Espinal closed in Jun 2026. Shizune tracks 32 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co