# Gonzalo Martinez de Azagra

> Gonzalo Martinez de Azagra is a seed investor at Cardumen Capital backing Software. See 23 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Cardumen Capital](https://shizune.co/investors/profile/cardumen-capital-sgeic-sa)
- Location: Tel Aviv, Israel
- Total investments: 23
- Last investment: Nov 2025
- Lead investor: 35%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/gonzalomartinezdeazagra
- Website: https://www.cardumencapital.com

Gonzalo Martinez de Azagra is a seed investor at Cardumen Capital in Tel Aviv focused on Software and Artificial Intelligence. Investor/global strategist with a deep business/financial training and the ability to understand technology at the engineering level.Related investments:* Replay Technologies* Celeno* AudioBurst* Corephotonics* Rounds* ScyllaDB* EarlySense* Cortica* Aveni* Pitango VI, VII, VC fund (Israel) * Triventures III*StoreDot (Israel) '12 * NextIO: Datacenter IO Virtualization company (US), '12* Undisclosed Flash based storage company (US) '12* Yume, Digital Ad Network, (US,Operational DD) '11Specialties: Areas of investment focus: 1) Mobile: Comp. Vision, Imaging, Wireless Comms 2) Cloud : IAAS, PAAS, Ent. Storage, Servers, Virtualization, Big data processing/management3) Semicon: Equipment/Process Technology/MetrologyOther: Media, Digital Advertising, Online Gaming/GamblingGeographic Coverage:1) Israel2) Europe3) USSManaged Portfolio:Replay TechnologiesGirafficStoreDot (Board Member)Pitango VI LP representativePurestorage (past)FusionIO (past)PrimeSense (Past)EXPERIENCEPrincipalSamsung VenturesDecember 2011 – Present (1 year 3 months)San Francisco Bay AreaDeal sourcing, due diligence, term sheet negotiation and execution, portfolio management and exitManager - Global StrategistSamsung ElectronicsAugust 2010 – December 2011 (1 year 5 months)Founded in 1997 by Group Chairman Kun-Hee Lee the Global Strategy group is an internal strategy consulting team created to help Samsung face its globalization challenges.Project Lead and UC Berkeley School Recruiting Champion:http://gsg.samsung.com/popup/popup_Berkeley.asp(Open)1 honor or awardSenior ConsultantPwC ConsultingJuly 2005 – August 2008 (3 years 2 months)Promoted from Analyst to Senior Consultant within 7 months. Strategic plans, process re-engineering, proforma modeling and investment appraisal for multiple industries.Systems Design EngineerAEA Technology (Former Atomic Energy Authority)July 2003 – July 2005 (2 years 1 month)London, United KingdomEMI studies (C++, Matlab). High Voltage Power Supply desig. Relevant projects: West Coast Route Modernization, CTRL, etc.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.4M–$13M |
| Series A | $6M–$35M |
| Series B | $22M–$60M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 8 | 35% |
| Artificial Intelligence | 7 | 30% |
| Machine Learning | 3 | 13% |
| SaaS | 2 | 9% |
| Video | 2 | 9% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 10 | 43% |
| Series A | 5 | 22% |
| Series B | 3 | 13% |
| Funding Round | 3 | 13% |
| Pre-Seed | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Israel | 14 | 61% |
| United States | 1 | 4% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Malanta.ai | Malanta provides an AI-powered platform that predicts and prevents cyberattacks by identifying and disrupting threats before breaches occur. | $10M | Seed | Nov 05, 2025 |  |
| Second Nature AI | Second Nature helps people have better conversations. The company is the first to offer a platform for immersive sales simulations in natural language. By practicing with “Jenny” and other AI-powered conversation partners, sales professionals improve their performance and confidence by gaining real time, personalized feedback. Managers andexecutives use Second Nature to effectively roll out their strategy and influence their teams’ conversations in the field, at scale. The company is based in Tel Aviv and New York. For more information, please visit www.secondnature.ai. | $22M | Series B | Oct 16, 2025 |  |
| IVIX | IVIX delivers an AI-driven platform that transforms publicly available data into structured insights for identifying hidden business activity and financial noncompliance. It enables government authorities and enforcement agencies to trace illicit activity and shadow economic networks, such as crypto transactions, short-term rentals, e-commerce,cash-based enterprises, cannabis, FATCA/CRS, and complex multinational corporate structures, by linking digital footprints to official identities with high precision and context. The platform applies open-source intelligence (OSINT), entity resolution, graph analytics, and pattern recognition to rank leads by risk and impact, support investigative workflows, and integrate with existing tools. It assists agencies in uncovering unreported revenue and criminal networks at scale while facilitating inter-agency collaboration and operational efficiency through documented, data-backed cases. | $60M | Series B | Aug 18, 2025 |  |
| Vendict | Vendict powers the privacy and compliance industry, helping security experts become enablers within their company by providing them with cutting-edge, AI-led technology, designed to solve the most complicated of compliance issues, at scale. Using Vendict's cutting-edge technology, CISOs, tech executives, security teams, and risk managementprofessionals use Vendict to address their compliance questionnaires and security assessment challenges. | $10M | Series A | Aug 05, 2025 |  |
| bananaz | bananaz is an advanced AI-powered design management tool that enables modern engineering teams to expedite collaboration, design change tracking, and validation in real time. | $5.3M | Seed | Dec 03, 2024 |  |
| Alison AI | Alison is the world's best AI-powered creative (Video) Analysis platform. From ideation to optimization to production, Alison makes it easier than ever to create Videos with the highest likelihood of success.Our unique SaaS technology allows businesses to identify their top-performing elements in creatives, get full-funnel data, and performintelligent competitive analysis. Stop the guesswork and start making results-driven creatives! | $13.3M | Seed | Nov 12, 2024 |  |
| Substrata | SubStrata is a novel developer of Interpersonal AI technology for Dealmakers & Negotiators | $5.6M | Seed | Aug 10, 2024 |  |
| illumex | Illumex is a mapping solution platform that empowers businesses to create a unified and accurate data language for everyone. | $13M | Seed | Jun 25, 2024 |  |
| NeuReality | NeuReality is a semiconductor start-up that designs AI-as-a-service infrastructure. It addresses the challenges posed by the growing deployment of AI in the cloud, edge, and fog systems. | $20M |  | Mar 19, 2024 |  |
| NeuReality | NeuReality is a semiconductor start-up that designs AI-as-a-service infrastructure. It addresses the challenges posed by the growing deployment of AI in the cloud, edge, and fog systems. | $20M | Series A | Mar 19, 2024 |  |

10 of 23 investments shown.

## Co-investors
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 4 deals together
- [Varana Capital](https://shizune.co/investors/profile/varana-capital) — VC Fund, 4 deals together
- [Glory Ventures](https://shizune.co/investors/profile/glory-ventures) — VC Fund, 3 deals together
- [OurCrowd](https://shizune.co/investors/profile/ourcrowd) — VC Fund, 3 deals together
- [StageOne Ventures](https://shizune.co/investors/profile/stageone-ventures) — VC Fund, 3 deals together
- [AltaIR Capital](https://shizune.co/investors/profile/altair) — VC Fund, 2 deals together

## About Cardumen Capital

VC Fund · Tel Aviv-yafo, Israel

Cardumen Capital is a global venture capital firm and asset management company with presence in Europe and Israel that invests in world-class founders who bring the future into the present.With €250M in Assets Under Management, Cardumen Capital’s extensive portfolio encompasses tech companies and fund investments across three differentstrategies, with global coverage.Cardumen Capital strives to be the most active investor for both entrepreneurs and investors. Its portfolio benefits from decades of experience in the world’s most important tech ecosystems, a culture of radical collaboration and absolute availability. Cardumen Capital is backed by world-leading institutional investors

5 contacts available at Cardumen Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Gonzalo Martinez de Azagra | Founder and Managing General Partner | https://shizune.co/investors/profile/gonzalo-martinez-de-azagra |
| Alberto Criado | Associate | https://shizune.co/investors/profile/alberto-criado |
| Igor de la Sota | Founder and Managing General Partner | https://shizune.co/investors/profile/igor-de-la-sota |
| Noa Shamay | Associate | https://shizune.co/investors/profile/noa-shamay |
| Roy Gottlieb | Founder and General Partner | https://shizune.co/investors/profile/roy-gottloeb |

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## FAQ

### What does Gonzalo Martinez de Azagra invest in?

Gonzalo Martinez de Azagra invests primarily in Software, Artificial Intelligence and Machine Learning startups, most often at Seed and Series A stage. Most of the 23 investments tracked by Shizune back companies in Israel. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Gonzalo Martinez de Azagra's check size?

Gonzalo Martinez de Azagra typically joins rounds of $2.4M–$13M at Seed, $6M–$35M at Series A and $22M–$60M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Gonzalo Martinez de Azagra participates in.

### When did Gonzalo Martinez de Azagra last invest?

The most recent investment recorded for Gonzalo Martinez de Azagra closed in Nov 2025. Shizune tracks 23 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.

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