Telefonica's Corporate Venture Capital arm (operating as Wayra) is the open innovation and investment platform of the Spanish telecom multinational, founded in 2011. It invests in startups and connects them with Telefonica's business units through a venture-client model, focusing on AI, cybersecurity, fintech, and other deep-tech sectors across Europe and Latin America.
Average disclosed round size is $14.2M (across 50 rounds with reported amounts).
Portfolio
84
Fund Size
—
Top Stage
Unknown
Last 12 Mo
3
Team
PM
Pablo Moro
Funds & Venture Growth Managing Director
JG
Jorge García Salgado
Investment team
KT
Kyle Tsai
Investment Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
96 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| IInspira | Series A | $2.8M | Jan 2026 |
 Devengo | Seed | — | Nov 2025 |
 LuxQuanta | Series A | — | Oct 2025 |
 Clevergy | Unknown | — | Oct 2025 |
 Openlayer | Series A | $14.5M | May 2025 |
 Shakers | Series A | — | May 2025 |
 Capably | Seed | $4M | Apr 2025 |
 Foliume | Seed | $1M | Apr 2025 |
| LuxQuanta | Series A | — | Jan 2025 |
| NNearby Computing | Series A | — | Jul 2024 |
| UUpword | Pre-Seed | $3M | Jun 2024 |
 Kenmei | Series A | — | Jun 2024 |
| LuxQuanta | Unknown | — | Mar 2024 |
 Colektia | Series A | $9M | Jan 2024 |
 Ciudadela | Unknown | — | Jan 2024 |
| LuxQuanta | Unknown | — | Jan 2024 |
| Shakers | Seed | — | Oct 2023 |
 Cafler | Seed | — | Sep 2023 |
 Raylo | Growth | $136M | Jan 2023 |
 Kunzapp | Seed | $2M | Jan 2023 |
 Uelz | Unknown | — | Jan 2023 |
 Trilio | Series B | — | Dec 2022 |
 Idoven | Series A | $19.8M | Jun 2022 |
 Rosita | Seed | $2.4M | Jan 2022 |
| KKlubi | Series A | $7M | Jan 2022 |
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Top Co-Investors
JME Ventures8 shared
Big Sur Ventures5 shared
Nauta Capital4 shared
Singtel Innov84 shared
Andreessen Horowitz3 shared
Index Ventures3 shared
TheVentureCity3 shared
Banco Sabadell3 shared
Adara Ventures3 shared
Athos Capital3 shared
Kfund3 shared
Draper Fisher Jurvetson2 shared
Bessemer Venture Partners2 shared
Seedcamp2 shared
Khosla Ventures2 shared
Akamai Technologies2 shared
Brighteye Ventures2 shared
Ascension Ventures2 shared
Canary2 shared
Last updated: 7 October 2026