# Twinco Capital funding: rounds and investors

> Twinco Capital has raised $422M across 4 rounds since 2019. Investors include Quona Capital, Alma Mundi Ventures and FMO. Every round with its source.

Source: https://millionrounds.com/company/twinco-capital (Millionrounds; every figure on the page links to its filing or article)

Spain · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Twinco Capital*

4 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech Logistics Supply Chain

Raised 5 months ago

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Funding summary Updated 27 Oct 2026

**$422M** raised across 4 rounds since 2019, from 4 sources

**$2.7M** Series A **$53M** Debt **$175M** Debt **$192M** Series B

- **Latest round:** Series B, $192M Jun 2026
- **Led by:** FMO
- **Investors:** 8 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023 2024 2025 2026

**$2.7M** Series A

**$53M** Debt

**$175M** Debt

**$192M** Series B

- **First round:** Series A, $2.7M
- **Biggest round:** $192M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **Jun 2026** Series B **$192M** *4 new* *1 returning* [FMO](https://millionrounds.com/fund/fmo) Lead [Quona Capital](https://millionrounds.com/fund/quona-capital) [Bankinter](https://millionrounds.com/fund/bankinter) [Santander](https://millionrounds.com/fund/banco-santander) [Working Capital](https://millionrounds.com/fund/working-capital-fund) Reported by Ventureburn
- **Jun 2026** Debt **$175M** *1 new* *2 returning* [Santander](https://millionrounds.com/fund/santander) [Quona Capital](https://millionrounds.com/fund/quona-capital) [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) Source recorded
- **Oct 2023** Debt **$53M** *2 new* [Quona Capital](https://millionrounds.com/fund/quona-capital) [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) Source recorded
- **Dec 2019** Series A **$2.7M** *1 new* [Finch Capital](https://millionrounds.com/fund/finch-capital) Reported by Sifted

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Debt** 2023 **Debt** 2026 **Series B** 2026 [Quona Capital](https://millionrounds.com/fund/quona-capital) [Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) [FMO](https://millionrounds.com/fund/fmo) L [Santander](https://millionrounds.com/fund/santander) [Bankinter](https://millionrounds.com/fund/bankinter) [Santander](https://millionrounds.com/fund/banco-santander) [Finch Capital](https://millionrounds.com/fund/finch-capital) [Working Capital](https://millionrounds.com/fund/working-capital-fund)

## Everyone who backed them

[Quona Capital](https://millionrounds.com/fund/quona-capital) VC firm **3** rounds

[Alma Mundi Ventures](https://millionrounds.com/fund/alma-mundi-ventures) VC firm **2** rounds

[FMO](https://millionrounds.com/fund/fmo) Government **1** round, led 1

[Santander](https://millionrounds.com/fund/santander) VC firm **1** round

[Bankinter](https://millionrounds.com/fund/bankinter) Corporate VC **1** round

[Santander](https://millionrounds.com/fund/banco-santander) Corporate VC **1** round

[Finch Capital](https://millionrounds.com/fund/finch-capital) VC firm **1** round

[Working Capital](https://millionrounds.com/fund/working-capital-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=twinco-capital).

## Quick answers about Twinco Capital

### Who invested in Twinco Capital?

Twinco Capital's investors include Quona Capital, Alma Mundi Ventures, FMO, Santander and Bankinter, and 3 more on record. FMO led its latest round.

### How much has Twinco Capital raised?

Twinco Capital has raised $422M across 4 rounds since 2019.

### When did Twinco Capital last raise?

Twinco Capital's most recent round was a Series B of $192M in Jun 2026, led by FMO.

### What was Twinco Capital's biggest round?

Its most recent round, $192M in Jun 2026, is also its largest on record.

### Who backed Twinco Capital first?

Twinco Capital's first round on record, in Dec 2019, was backed by Finch Capital.

### What stage is Twinco Capital at?

Twinco Capital's latest named round is a Series B, in Jun 2026.

### Where is Twinco Capital based?

Twinco Capital is based in Spain.

### Who led Twinco Capital's rounds?

FMO led the Series B in 2026.

## Companies like Twinco Capital

In the same sector, and raised in the last eighteen months.

[**Remolonas** $35K · Oct 2026](https://millionrounds.com/company/remolonas)[**ID Finance** $684M · Oct 2026](https://millionrounds.com/company/id-finance)[**Nomade Nation** $2.1M · Aug 2026](https://millionrounds.com/company/nomade-nation)[**Tokenized Green** $1.3M · Jul 2026](https://millionrounds.com/company/tokenized-green)[**Kintai** $14M · Jul 2026](https://millionrounds.com/company/kintai)[**Embat** $35M · May 2026](https://millionrounds.com/company/embat)

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