Cardumen Capital Fund II

Cardumen Capital

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Status

ACTIVE

Global HQ

Madrid, Spain

Countries of investment

Spain
Israel
United States

Investment stages

Series A

Industries

Deeptech
AI
Cybersecurity
Enterprise Software (Spain–Israel)

About
Cardumen Capital is a Madrid-based deep-tech VC connecting Israeli innovation with Iberian markets. Their focus spans cybersecurity, AI, IoT, and B2B SaaS across Spain, Israel, and the US. The firm combines €100M+ AUM across two funds with cross-border expertise to support founders at Series A.

Min check size: $1M
Max check size: $6M
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Investment Thesis

Cardumen Capital is a Series A-focused venture capital firm deploying capital across cybersecurity, AI, B2B SaaS, IoT, and deep tech sectors. They invest in Spain-Israel deep tech founders, bridging Israeli innovation with Iberian and European market expansion. The firm differentiates itself through dual Spain-Israel partnership structure, deep B2B/enterprise specialization, and direct Israeli tech ecosystem presence.

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Manager's Experience

Cardumen’s partners bring a strong technical lens, focusing on cybersecurity and data infrastructure, with experience evaluating complex technologies that require deep domain understanding.