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    Addendum Capital

    Madrid, SpainFounded 2020

    Addendum Capital is a Spain-based early-stage venture capital firm focused on B2B SaaS startups across the EU. The firm invests in outstanding founders building deep-technology solutions with competitive advantages and high scalability potential.

    57% of their portfolio is in AI. Their most common stage is seed (43% of deals). Average disclosed round size is $11.7M (across 3 rounds with reported amounts).

    Find people at Addendum Capital on Goldilocks AI

    Portfolio

    4

    Fund Size

    —

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    ER

    Enrico Raggini

    Founder & CEO

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    7 investments
    CompanyRoundAmountDate
    TandemTrace logoTandemTraceSeed—Jul 2025
    BforeAI logoBforeAISeries B$10MJan 2025
    BforeAI logoBforeAISeries B$10MOct 2024
    BforeAI logoBforeAISeries A$15MApr 2024
    Kimera logoKimeraSeed——
    Kimera logoKimeraPre-Seed——
    GuruSup logoGuruSupSeed——

    Top Co-Investors

    Last updated: 27 September 2026