4Founders Capital (III)

Spain

Pre Seed

About 4Founders Capital (III)

4Founders Capital (III) is a venture capital firm based in Spain, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionSpain

Funding StagePre Seed

Industry Focus

Saas

Investor Signals Profile

active

Sweet Spot

Tech founder, strong ownership, international ambition, Pre-Seed/Series A

Pre-Seed to Series A+

Deep Tech / SaaS / AI

Operator-led Fund

International Mindset

€100K–€4M tickets

Bullish Signals

5 Managing Partners, all ex-founders/operatorswebsite

Multiple exits: Holded, Hubuc, Instamaki, Wide Eyeswebsite

40+ angel investments, 13 exits (Monleón)website

Portfolio spans AI, Fintech, SaaS, Cybersecuritywebsite

Active AI bets: GuruSup, ShowMe, Vibepeakwebsite

Holded acquired by Visma (June 2021)website

Hubuc acquired by Cross River Bank (July 2024)website

Wide Eyes acquired by Stylitics (July 2023)website

Instamaki acquired by Glovo (December 2019)website

Treasury SaaS bets: Cofers, Embat, fintech suitewebsite

OT cybersecurity: Steryon vendor-agnostic platformwebsite

Dev tools: Altan democratizing software developmentwebsite

Retail analytics: FlipFlow intelligence platformwebsite

LATAM expansion: Punto Post last-mile Mexicowebsite

Travel tech: Hotels Network SaaS, Mogu digitizationwebsite

Sustainability: Hoop Carpool B2B solutionwebsite

Crypto compliance: Securitize security token platformwebsite

GPs hold Stanford, McKinsey, Google pedigreewebsite

From founders for founders — operational value addwebsite

Wide network of internet entrepreneurs co-investingwebsite

Empowering dreams — surfing together with entrepreneurswebsite

Contrarian Signals

Spain-centric network, limited US/EMEA reachexternal

Small tickets (€100K) may signal slow follow-onexternal

Large team, unclear decision-maker hierarchyexternal

Secondary sales signal some early portfolio pressurewebsite

3 secondaries in 2021–2022 (Sheetgo, Easygoband, Payzaar)website

Mogu travel agency SaaS — niche, slow-growth verticalwebsite

Founder Do's

Show strong ownership & international ambition

Target €300M+ company potential

Have disruptive tech-driven business model

Be open to long-term fund partnership (follow-on rounds)

Demonstrate scalable tech component

Founder Don'ts

No local-only market vision

Avoid weak tech differentiation

Don't lack founder ownership mindset

Key GPs & Partners

Jesús Monleón

Managing Partner

Serial EntrepreneurAngel InvestorOperator

Marc Badosa Rigau

Managing Partner

VC VeteranFund BuilderOperator

Marek Fodor

Managing Partner

Serial EntrepreneurTech FounderAngel Investor

Javier Pérez-Tenessa

Managing Partner

Unicorn FounderOperatorMcKinsey Alumni

Patricia Espaliat

Finance Director

CFOAuditorFinancial Ops

Marc Castilblanco

Partner

Angel InvestorM&AAuditor

Rufo de la Rosa

Principal

Google Alum2x FounderStartup Advisor

Joan Cavallé

Associate

VC AnalystFinance

Júlia Digón

Analyst

Startup OpsESADE

Àlex Martín

Intern Analyst

FinanceEarly Career

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Fund Overview

Fund Size€44M

Saves0

Website

Key People

Marc Badosa, Marek Fodor

Jesús MonleónManaging Partner

Marc Badosa RigauManaging Partner

Marek FodorManaging Partner

Javier Pérez-TenessaManaging Partner

Patricia EspaliatFinance Director

Marc CastilblancoPartner

Rufo de la RosaPrincipal

Joan CavalléAssociate

Júlia DigónAnalyst

Àlex MartínIntern Analyst

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