4Founders Capital (III)

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, international ambition, Pre-Seed to 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/operatorsexternal

Multiple exits: Holded, Hubuc, Instamaki, Wide Eyesexternal

4.2x TVPI micro-fund track record (Blazquez)external

40+ angel investments, 13 exits (Monleón)external

Portfolio spans AI, Fintech, SaaS, Cybersecurityexternal

Active AI bets: GuruSup, ShowMe, Vidextwebsite

Holded acquired by Visma; Hubuc by Cross Riverwebsite

OT cybersecurity bet: Steryon (vendor-agnostic)website

Treasury SaaS bets: Cofers + Embatwebsite

Instamaki acquired by Glovo (Dec 2019)website

Wide Eyes acquired by Stylitics (Jul 2023)website

New bets: FlipFlow (retail analytics), Altan (dev tools)website

Traveltech + crypto coverage: Hotels Network, Securitizewebsite

LATAM exposure via Punto Post (Mexico)website

Sustainability bet: Hoop Carpool (B2B carpooling)website

GPs hold Stanford, McKinsey, Google pedigreewebsite

Contrarian Signals

Spain-centric network, limited US reachexternal

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

Large team, unclear decision-maker hierarchyexternal

GP retweeting meme coins — weak signal qualitytwitter

GP amplifying $SHIB meme coin hypetwitter

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)

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

Paula Blazquez

Managing Partner

CVC LeaderGlobal InvestorVC Operator

Patricia Espaliat

Finance Director

CFOAuditorOperator

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

Paula BlazquezManaging Partner

Patricia EspaliatFinance Director

Marc CastilblancoPartner

Rufo de la RosaPrincipal

Joan CavalléAssociate

Júlia DigónAnalyst

Àlex MartínIntern Analyst

About 4Founders Capital (III)

Investment Focus

Investor Signals Profile

Sweet Spot

Bullish Signals

Contrarian Signals

Founder Do's

Founder Don'ts

Key GPs & Partners

Unlock Investor Signals

Fund Overview

Key People

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