# Athos Capital: portfolio, investments and team

> Athos Capital is a vc firm based in Spain. 27 investments on record, 3 in the last 12 months, latest Jul 2026. Portfolio, stages, co-investors and team.

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

Spain · [Investor](https://millionrounds.com/investors)

# Athos Capital

Last cheque observed Jul 2026; 27 cheques on record.

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Deploying now VC firm

Pre-seed Seed Series A Content Real Time Venture Capital & Private Equity

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Deploying now

**50%** of best year **3** **cheques in 12 months**, 27 on record

Since the last cheque **122** days **00** hrs **00** min **00** sec

Median round **$2.1M** Rounds led **0 of 27** Sole investor **5 rounds** Mostly in **Spain, 74%**

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## Athos Capital highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Seed and Series A: 56% of its rounds
- 03 Sole investor in 5 rounds, median $2.1M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Content Real Time Venture Capital & Private Equity
- **Based in:** Madrid, Spain
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **27 appearances**

- **2026** 3 rounds
- **Jul** **[Kaleidos](https://millionrounds.com/company/kaleidos)** Venture · ES **$2.2M** Sole investor
- **Jun** **[Alvotech](https://millionrounds.com/company/alvotech)** IS **$165M** With 1 other
- **Apr** **[Spacebackend](https://millionrounds.com/company/spacebackend)** Pre-seed · LU **$2.1M** With 2 others
- **2025** 5 rounds
- **Oct** **[AcoruAI](https://millionrounds.com/company/acoruai)** Series A · ES **$12M** With 1 other
- **Sept** **[Sax AI](https://millionrounds.com/company/sax-ai)** Seed · GB **$1.7M** With 1 other
- **May** **[Shakers](https://millionrounds.com/company/shakers)** Series A · ES · TechStartups **$16M** With 4 others
- **Mar** **[Vosbor](https://millionrounds.com/company/vosbor)** Venture · NL **Undisclosed** With 4 others
- **Jan** **[Sycai Technologies](https://millionrounds.com/company/sycai-technologies)** Series A · ES **$3.1M** With 1 other
- **2024** 4 rounds
- **Dec** **[MOGU](https://millionrounds.com/company/mogu)** Venture · ES **$2.3M** With 2 others
- **Oct** **[Ciudadela](https://millionrounds.com/company/ciudadela)** Seed · ES **$3.0M** With 3 others
- **Jan** **[Zinkee](https://millionrounds.com/company/zinkee)** Seed · ES **$2.1M** With 2 others
- **Jan** **[Harbiz](https://millionrounds.com/company/harbiz)** Series A · ES **$5.4M** With 3 others
- **2023** 3 rounds
- **May** **[NexWafe](https://millionrounds.com/company/nexwafe)** Series D · DE **$32M** With 2 others
- **Feb** **[Penpot](https://millionrounds.com/company/penpot)** Series A · ES **$12M** Sole investor
- **Jan** **[Homyspace](https://millionrounds.com/company/homyspace)** Seed · ES **$107K** With 2 others
- **2022** 6 rounds
- **Oct** **[Tuvalum](https://millionrounds.com/company/tuvalum)** Series A · ES **$2.9M** With 3 others
- **Oct** **[Club Clínico](https://millionrounds.com/company/club-clinico)** Seed · ES **$2.1M** Sole investor
- **Jun** **[ZenRows](https://millionrounds.com/company/zenrows)** Pre-seed · GB **$1.2M** With 2 others
- **Apr** **[FROGED](https://millionrounds.com/company/froged)** Seed · ES **$491K** Sole investor
- **Mar** **[Wenalyze](https://millionrounds.com/company/wenalyze)** Venture · ES **$1.9M** With 1 other
- **Feb** **[Hosco](https://millionrounds.com/company/hosco)** Venture · ES **$3.8M** With 1 other
- **2021** 3 rounds
- **Dec** **[Napptive](https://millionrounds.com/company/napptive)** Pre-seed · ES **$623K** With 2 others
- **Sept** **[GoKoan](https://millionrounds.com/company/gokoan)** Seed · ES **$1.2M** With 2 others
- **Mar** **[Inspide](https://millionrounds.com/company/inspide)** Pre-seed **$1.1M** Sole investor
- **2020** 1 round
- **Aug** **[Mitto](https://millionrounds.com/company/mitto)** Crowdfunding **$668K** With 1 other
- **2019** 1 round
- **Feb** **[Cobugs](https://millionrounds.com/company/cobugs)** Seed **$743K** With 1 other
- **2018** 1 round
- **Apr** **[Hutoma](https://millionrounds.com/company/hutoma)** Crowdfunding **$738K** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**3+** funds on file numbered funds in its name

## The cheque

Pre-seed Seed Series A

Median round joined **$2.1M** the round, not its cheque Alone, median **$2.1M**

Led 0 of 27 rounds **0%**

- **Sole investor:** 5 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Seed said *8*
- Series A said *6*
- Venture *5*
- Pre-seed said *4*
- Crowdfunding *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Bynd Venture Capital](https://millionrounds.com/fund/bynd-venture-capital) 4
- [4Founders Capital](https://millionrounds.com/fund/4founders-capital) 3
- [Encomenda VC](https://millionrounds.com/fund/encomenda-vc) 3
- [Google for Startups](https://millionrounds.com/fund/google-for-startups) 3
- [Big Sur Ventures](https://millionrounds.com/fund/big-sur-ventures) 2
- [Draper B1](https://millionrounds.com/fund/draperb1) 2

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## Who they invest alongside

The investors most often in the same rounds as Athos Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Bynd Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bynd-venture-capital)[**4Founders Capital** VC firm **3** rounds together](https://millionrounds.com/fund/4founders-capital)[**Encomenda VC** VC firm **3** rounds together](https://millionrounds.com/fund/encomenda-vc)[**Google for Startups** Accelerator **3** rounds together](https://millionrounds.com/fund/google-for-startups)[**Big Sur Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/big-sur-ventures)[**Draper B1** VC firm **2** rounds together](https://millionrounds.com/fund/draperb1)[**Inveready** VC firm **2** rounds together](https://millionrounds.com/fund/inveready)[**JME Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/jme-ventures)[**Nauta Capital** VC firm **2** rounds together](https://millionrounds.com/fund/nauta-capital)[**Wayra** Corporate VC **2** rounds together](https://millionrounds.com/fund/wayra)

## Recently backed

The latest companies Athos Capital put money into.

[**Kaleidos** $2.2M · Jul 2026](https://millionrounds.com/company/kaleidos)[**Alvotech** $165M · Jun 2026](https://millionrounds.com/company/alvotech)[**Spacebackend** $2.1M · Apr 2026](https://millionrounds.com/company/spacebackend)[**AcoruAI** $12M · Oct 2025](https://millionrounds.com/company/acoruai)[**Sax AI** $1.7M · Sept 2025](https://millionrounds.com/company/sax-ai)[**Shakers** $16M · May 2025](https://millionrounds.com/company/shakers)

## Quick answers about Athos Capital

### What does Athos Capital invest in?

Athos Capital invests most often at Seed and Series A (56% of the rounds on record), in sectors such as Content, Real Time and Venture Capital & Private Equity.

### How active is Athos Capital?

27 investments on record, 3 of them in the last 12 months. The most recent was in Jul 2026.

### What has Athos Capital invested in recently?

Its most recent investments on record: Kaleidos (Venture, Jul 2026), Alvotech (Undisclosed round, Jun 2026) and Spacebackend (Pre-seed, Apr 2026).

### How big are Athos Capital's cheques?

The median round it joins is $2.1M.

### Does Athos Capital lead rounds?

Rarely, if at all: none of its 27 investments on record names it as the lead.

### Where does Athos Capital invest?

Most of the companies it backs are in Spain (74%) and the United Kingdom (9%).

### Is Athos Capital investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Athos Capital invest alongside?

Most often Bynd Venture Capital (4 rounds together), 4Founders Capital (3 rounds together) and Encomenda VC (3 rounds together).

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