Our new step as former entrepreneurs and business angels


We have been working in the startup industry for more than 20 years, launching our own companies, mentoring some of the most successful tech startups and investing as business angels in more than 150 projects.


Thus we have decided to go a step further and launch Encomenda Smart Capital: a fund where we keep investing in seed digital companies with further resources and money but the same philosophy that we had as business angels. We help entrepreneurs for free in making strategic decisions, scaling organizations, implementing financial planning, defining new business opportunities, seeking new talent, analyzing their main KPIs and preparing their companies for next funding rounds.


Our initial investment ranges from 100K€ to 350K€, and we can invest up to 1,8M€ per company.

Our numbers as former Business Angels


Years of experience


Startups invested


Value created from invested companies

An all-star team with +20 years of experience

Carlos Blanco

Co-Founder & Managing PartnerCarlos has more than 20 years in the startup ecosystem. He founded his first startup in 1996. He has been a Business Angel in more than 100 companies He is also the co-founder of Akamon (sold for $23M), Conector Startup Accelerator and Nuclio Venture Builder. There is no one with greater startup experience than him!

Oriol Juncosa

Co-Founder & Managing PartnerOriol is the former CFO at Carto and former Investment Director at Nauta Capital, having invested in the largest Spanish startup exits. Connections with all the largest international venture capitals in EU and United States. In addition, Oriol is a big fan of metrics and he will make the value of your startup grow exponentially.

Mario Brassesco

Investment ManagerMario has focused his professional career on the startup community. He is a former entrepreneur at the age of 22. He has helped companies with public and private fundraising with more than 5M€ achieved. He is always willing to meet new interesting projects to invest in.

Yago de Luz

Investment ManagerYago is a former lawyer turned VC . During the last 6 years, Yago has been an Associate at Linklaters, one of the most well-known law firms in M&A, Private Equity and Banking & Finance in London, where he has actively participated in fundraising and exit processes. Moreover, he has mentored some startups in the last years.

Pau Martínez

Porfolio ManagerPau is a former analyst at Caixa Capital risk during the last years. Pau is in charge of making all the internal operations of the fund work, as well as helping our portfolio companies get their best from their hidden numbers. You may not see much of him in the public scene but he is crucial for us!

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