# K Fund

> K Fund is a VC fund in Madrid backing Software and Artificial Intelligence. See 160 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Madrid, Spain
- Total investments: 160
- Last investment: Aug 2026
- Lead investor: 49%
- Last fund: Jun 2024
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/kfund
- X (Twitter): https://twitter.com/kfundvc
- Website: http://kfund.vc

K Fund is a multi-stage venture capital firm that provides early-stage venture investments to startups across Spain, Portugal, and Latin America. It promotes the evolution of the Spanish ecosystem by investing in digital-first companies.K fund was founded in 2016 by Inaki Arolla, Carina Szpilka, and Ian Noel and is based in Madrid, with officesin Barcelona and Lisbon.

## Contacts

5 contacts available for K Fund. Shizune tracks 11 team members at K Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/kfund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 27 | 17% |
| Artificial Intelligence | 16 | 10% |
| SaaS | 12 | 8% |
| Health Care | 10 | 6% |
| Apps | 8 | 5% |

163 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 50 | 31% |
| Pre-Seed | 28 | 18% |
| Series A | 20 | 13% |
| Funding Round | 15 | 9% |
| Series B | 10 | 6% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 54 | 34% |
| United States | 14 | 9% |
| France | 3 | 2% |
| Germany | 3 | 2% |
| Mexico | 2 | 1% |

17 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Carina Szpilka | Co-founder & General Partner | 1 | https://shizune.co/investors/profile/carina-szpilka |
| Cristina García-Margallo | Legal | 0 | https://shizune.co/investors/profile/cristina-garc%C3%ADa-margallo |
| Gustavo S Carvalhal Ribas | Venture Partner and Head of LatAm | 2 | https://shizune.co/investors/profile/gustavo-s-carvalhal-ribas |
| Ignacio Larrú | General Partner | 0 | https://shizune.co/investors/profile/ignacio-larr%C3%BA |
| Iñaki Arrola | Cofounder and Managing Partner | 16 | https://shizune.co/investors/profile/iaki-arrola |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| HappyRobot | HappyRobot provides a system that creates and manages a workforce of AI workers. The platform builds fully custom workflows and integrates with a variety of systems. The service helps businesses remove data silos and automate tasks in real time. | $150M | Series C | Aug 04, 2026 |  |
| Coverwatch | Insurance brokerage built for modern businesses. Powered by a team of experts and world-class AI. We start by understanding your unique risk profile, then leverage deep insurance market access to find the best coverage at the right price. Think of us as your in-house Risk Management team. | $4.5M | Pre-Seed | Jul 23, 2026 |  |
| Flyboard | Flyboard specializes in AI-powered voice agents for the mid-market, providing intelligent automation solutions that enhance customer interactions, streamline business operations, and improve communication efficiency. | $2.2M | Pre-Seed | Jul 02, 2026 |  |
| Causa Prima | Causa Prima develops software to help finance teams handle both sides of every transaction on one network. The company's AI agents handle invoicing, disputes, and discounts on behalf of clients. It provides a network for the financial operations of businesses. | $10M | Pre-Seed | Jun 15, 2026 |  |
| THEKER Robotics | THEKER Robotics is a startup developing intelligent general-purpose robots for sectors such as waste management and logistics. | $85M | Series A | Jun 11, 2026 |  |
| mafer AI | Mafer AI is an AI company that organizes and uses technical knowledge from lab data, documents, and expert insights to improve product development and decision-making. It develops AI-native operating system designed for research and development teams in formulation-driven industries such as chemicals, food, cosmetics, fragrances, and personal care. | $2.3M | Pre-Seed | May 29, 2026 |  |
| Pollen | Pollen is developing a universal battery-swapping network for mopeds and motorcycles, enabling riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and supporting efficient, scalable electric mobility in urban environments. | $3.8M | Seed | May 07, 2026 |  |
| Sofía | Sofía is a health and technology company that offers health and medical insurance services. It provides a platform with health plans for major, minor and preventive medical expenses. Included in the plan are video consultations and one ambulance service per year. The company is offering a warm interaction as every touch point with the brand becomesa customized experience.Sofia was founded in 2018 and is based in Mexico. | $21M | Venture - Series Unknown | May 05, 2026 |  |
| BASE4 Biosciences | BASE4 Biosciences is a precision health firm developing a new layer of preventive medicine. | $850.8K | Pre-Seed | Apr 22, 2026 |  |
| Traza | Traza builds autonomous AI agents for procurement and supply chain automation in manufacturing and construction. | $2.1M | Pre-Seed | Apr 15, 2026 |  |

10 of 160 investments shown.

## Co-investors
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund, 13 deals together
- [Kibo Ventures](https://shizune.co/investors/profile/kibo-ventures) — VC Fund, 11 deals together
- [Creandum](https://shizune.co/investors/profile/creandum) — VC Fund, 10 deals together
- [JME Ventures](https://shizune.co/investors/profile/fundacin-jos-manuel-entrecanales) — VC Fund, 9 deals together
- [Extension Fund](https://shizune.co/investors/profile/the-extension-fund-scr-pyme) — VC Fund, 9 deals together
- [4Founders Capital](https://shizune.co/investors/profile/4founders-capital) — VC Fund, 8 deals together

## Similar investors

### 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

## FAQ

### What does K Fund invest in?

K Fund invests primarily in Software, Artificial Intelligence and SaaS startups, most often at Seed and Pre-Seed stage. Most of the 160 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact K Fund?

Public channels for K Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at K Fund?

The team at K Fund includes Carina Szpilka (Co-founder & General Partner), Cristina García-Margallo (Legal) and Gustavo S Carvalhal Ribas (Venture Partner and Head of LatAm), among 11 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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