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Venture Capital

Cardumen Capital

Cardumen Capital backs early-stage and high-growth companies, typically pre-profit, from Madrid, Spain. It states a focus on software & internet, food & beverage, agriculture and environmental & safety.

Disclosed holdings40
Earliest stated investment
HeadquartersMadrid, Spain
Stated fund size$300M+ AUM

Stated investment criteria

What Cardumen Capital says it buys

Read from Cardumen Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page151

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Cardumen Capital to consider any particular business, and nothing on this page is represented as being for sale.

Portfolio

Disclosed holdings

Companies Cardumen Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Alison
Axo
Bananaz
Blee
Block A
Brandlight
Columbus Life Sciences Iv
Configu
Convrt
Coretigo
Docontrol
Ecosystem Integrity Fund V
Humavox
Illumex
Incapto
Ivix
Kahoona
Lendai
Loops
Magic Yard
Malanta
Multivu
Munch
Naboo
Neureality
Oshi
Peech
Q Impact Fund Ii
Raftt
Reshufle
Rylo
Saola
Second Nature
Spinach
Spotlight
Substrata
Tasty Urban
Tomato
Vendict
Verax Ai

Compiled from Cardumen Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.