Conexo Ventures

Conexo Ventures is a Madrid-based venture capital firm founded in 2018 with €150 million in assets under management across two funds — a €50 million Fund I launched in October 2019 and a €100 million Fund II launched in July 2022. The firm invests in exceptional founders solving difficult challenges with disruptive, scalable software businesses across Latin America, Spain, Portugal, and the United States. Partners include Damien Balsan, a co-founder based in Boston with a background in telecom, payments, and digital identity; Isaac De la Peña, based in Silicon Valley and an MIT technologist; Joaquim Hierro and Javier Artiach, rounding out a four-GP team with deep transatlantic reach. Conexo leads rounds at pre-seed through Series A stages, writing checks of $3 million to $10 million across 22 portfolio companies. Notable investments include Feedzai, the AI-powered financial crime prevention platform and a unicorn in the portfolio; Hotelverse, which received a €5 million Series A led by Conexo; Savana in medical records; Payflow; and VONZU, acquired by Moova in April 2025. Top sectors include enterprise software, fintech, and healthcare technology. Conexo's geographic thesis — bridging Iberia and Latin America to Silicon Valley — gives it a sourcing advantage in markets where US-centric funds are underrepresented. The firm's 16-person team across Spain and the United States helps portfolio companies translate early traction in European and Latin American markets into scalable, defensible businesses with global ambitions.