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Toubkal Partners is a venture capital firm based in Barcelona, founded in 2015 by a group of local internet entrepreneurs. The firm focuses on seed-stage investments in technology companies, particularly those that can leverage the practical experience and insights of its founders. Toubkal Partners aims to support early-stage startups, fostering innovation and growth within the technology sector.
Currently, Toubkal Partners operates with a focus on the local technology ecosystem in Spain, especially in Barcelona and Catalonia. The firm has established itself as a key player in the seed investment landscape, with a commitment to identifying and nurturing promising startups. Although specific details regarding fund size and team composition are not disclosed, the firm is recognized for its operator-led approach, which enhances the growth potential of its portfolio companies.
Toubkal Partners invests primarily in technology sectors, including fintech, healthcare, consumer goods, mobility, and B2B software. The firm targets early-stage investments, specifically in the Friends & Family, Pre-seed, and Seed stages, with check sizes ranging from $0 to $500,000. While the firm predominantly focuses on startups based in Spain, particularly in Barcelona and Catalonia, it also considers opportunities across broader European markets.
The investment thesis emphasizes operator-led support, where the founders' extensive experience in scaling businesses and market strategies plays a crucial role. Toubkal Partners seeks startups that can benefit from this hands-on approach, aiming to accelerate their growth and navigate challenges effectively. The firm is particularly interested in technology companies that demonstrate potential for innovation and market disruption.
Toubkal Partners has built a diverse portfolio of technology companies, with notable investments including:
Additionally, Toubkal Partners recognizes Qashops as a notable exit, highlighting its successful track record in the investment landscape.
Jesús Monleón - Partner and entrepreneur investor, co-founder of Emagister, Offerum, and GoTrendier. He brings extensive experience in building and scaling technology companies.
David Baratech - Founder and partner, co-founder of Ulabox and Yaba. His background includes significant contributions to the e-commerce sector.
Sacha Fuentes - Partner and entrepreneur investor, co-founder of Offerum, with a focus on supporting early-stage technology startups.
Juan Margenat - Partner and entrepreneur investor, co-founder of Marfeel and PlanB, specializing in digital media and technology.
Marek Fodor - Partner and entrepreneur investor, co-founder of Atrapalo, with expertise in travel and online marketplaces.
Lluis Faus - Partner, co-founder of vLex, contributing legal technology insights to the firm.
Marc Sturlese - Partner and General Manager of the Platform division at LIFULL Connect, involved in operational support for portfolio companies.
To pitch Toubkal Partners, founders should visit their official website at toubkalpartners.com. The firm prefers direct applications through their site, where startups can submit their proposals. It is advisable to include a clear overview of the business model, market opportunity, and how the founders plan to utilize the support from Toubkal Partners.
Response times may vary, but founders can expect to hear back regarding their application status. Warm introductions are beneficial but not mandatory.
In February 2025, Toubkal Partners made a seed investment in Dealcar, further expanding its portfolio in the technology sector. Earlier, in April 2023, the firm invested in Honei, a mobile payments solution for restaurants, and Kimera Technologies, a tech startup.
Additionally, Toubkal Partners has been active in supporting its existing portfolio companies, including Cuidum, which focuses on home healthcare, and Iristrace, which received a convertible-note investment in February 2016.
What are Toubkal Partners' investment criteria?
Toubkal Partners focuses on seed-stage investments in technology companies, particularly in sectors such as fintech, healthcare, consumer goods, and mobility. The firm looks for startups that can leverage the operational experience of its founders to scale effectively.
How can I pitch to Toubkal Partners?
Founders interested in pitching to Toubkal Partners should visit their official website at toubkalpartners.com. The firm encourages direct applications through their site.
What makes Toubkal Partners different from other investors?
Toubkal Partners distinguishes itself through its operator-led investment approach. The founders' extensive experience in building and scaling businesses provides portfolio companies with valuable insights and support.
What is the geographic focus of Toubkal Partners?
The firm primarily invests in startups based in Spain, especially in Barcelona and Catalonia, but is open to opportunities across broader European markets.
What is the typical check size for investments?
Toubkal Partners typically invests between $0 and $500,000 in seed-stage companies, aligning with their focus on early-stage investments.
What kind of support do portfolio companies receive?
Portfolio companies benefit from operator-led support, which includes guidance on scaling, product development, and market strategies, helping them navigate challenges and accelerate growth.
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