Leadwind is a $250M growth-stage venture capital fund launched by Telefónica and K Fund, investing in deep-tech scale-ups across Southern Europe and LATAM. The fund focuses on enabling technologies including AI, blockchain, 5G/edge, IoT, and cloud services, with check sizes of €5M to €10M.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is series-a (75% of deals). Average disclosed round size is $46.0M (across 4 rounds with reported amounts).
Portfolio
6
Fund Size
$250M
Top Stage
Series A
Last 12 Mo
1
Team
MA
Miguel Arias
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
8 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Tucuvi | Series A | $20M | Jan 2026 |
 Look Up Space | Series A | $53.9M | Jun 2025 |
 Quibim | Series A | $50M | Jan 2025 |
| Look Up Space | Series A | — | Jan 2025 |
| LLook Up | Series A | — | Jan 2025 |
| LLook Up | Seed | — | Jan 2023 |
 Digibee | Series B | $60M | Jan 2023 |
 Shakers | Series A | — | — |
Top Co-Investors
ETF Partners3 shared
MIG Capital AG3 shared
Karista3 shared
Kfund3 shared
Expansion VC1 shared
French Tech Seed Fund1 shared
ATHOS1 shared
Kinea1 shared
Endeavor1 shared
Vivo Capital1 shared
Frontline Ventures1 shared
Shilling Capital Partners1 shared
Seaya Andromeda1 shared
Seaya1 shared
Cathay Innovation1 shared
Plug and Play Tech Center1 shared
Asabys Partners1 shared
APEX Ventures1 shared
Partech Africa1 shared
Last updated: 20 October 2026