Athos Capital
Status
ACTIVE
Global HQ
Madrid, Spain
Countries of investment
- Spain
- Portugal
- Italy
Investment stages
- Seed
- Series A
Industries
- Mid-market
- Industrial
- Consumer
- Sector-agnostic
About
Athos Capital is a Madrid-based boutique VC backing Iberian software founders. Their focus spans B2B SaaS, marketplaces, and tech-enabled services across Spain, Portugal, and Italy. The firm supports founders from seed through Series A.
Athos Capital is a Madrid-based boutique VC backing Iberian software founders. Their focus spans B2B SaaS, marketplaces, and tech-enabled services across Spain, Portugal, and Italy. The firm supports founders from seed through Series A.
Investment Thesis
Athos Capital is a multi-stage venture capital firm deploying capital across software, SaaS, and marketplace sectors. They invest in Iberian tech founders building scalable software companies. The firm differentiates itself through boutique Madrid VC structure, Iberia focus, and selective Series A-led approach.
Manager's Experience
Athos operates with a flexible investment style driven by partners with mixed backgrounds in finance and entrepreneurship, focusing more on opportunistic deals than rigid sector theses.
Team
Javier Ulecia - Managing Partner
Salvador Mas - Managing Partner
Ramón Llorente - Investment Director
Portfolio
Shakers
Acoru
Antheia
AAVantgarde
AMSilk
HAYA Therapeutics
Napptive
Cliniclic
MOGU
Sarenet
Unnax
Harbiz
Ciudadela