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Fund profile / Spain

4Founders Capital (III)

Geography
Spain
Stage
Pre-Seed
Fund size
€44M
Focus
SaaS
Signals
Published
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N°01 / About

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.

N°02 / Thesis

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
Rufo 400+ startup relationships over 10 yearswebsite
Marek: Berkeley/London education, CTO experiencewebsite
Javier: Aerospace engineer, McKinsey, Vueling boardwebsite

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

48 signals on 4Founders Capital (III)

24 bullish · 6 contrarian · 5 pitch do's · 3 don'ts · 10 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€44M
Saves0
Website
LinkedIn
People

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
N°04 / See also

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