Angels Capital

What they fund

Early-stage startups founded by entrepreneurs within the Marina de Empresas network (EDEM alumni, Lanzadera accelerates) [1], Technology and SaaS companies with scalable business models, such as Fourvenues (nightlife management software) [2], Companies in sectors like circular economy, digital health, and consumer tech that solve real market needs [1][2], Founders demonstrating strong leadership and the ability to execute, as evidenced by follow-on investments like Fourvenues [2]

Investment thesis

Angels Capital is a Spanish business angel group that prioritizes investing in entrepreneurs over ideas, specifically targeting founders within the Marina de Empresas network (EDEM alumni, Lanzadera accelerates, or event participants) [1][2]. The firm emphasizes a founder-centric approach, combining rational investment with human values, sharing experience, and providing deep support rather than purely financial returns [1][2]. It operates as an integrated hub, leveraging the ecosystem of EDEM and Lanzadera to source and support high-potential startups [1]. The firm actively participates in follow-on rounds, demonstrating a commitment to backing founders through multiple stages of growth [2].

Credibility: Angels Capital homepage outlines the founder-centric thesis and network integration [1]. Novobrief details the firm's active follow-on investment in Fourvenues, led by CEO Pepe Peris, confirming the commitment to founder support and growth [2].

Value add

Angels Capital provides deep ecosystem integration, leveraging the expertise of Juan Roig (former Mercadona CEO) and the broader Marina de Empresas network for mentorship and strategic guidance [1]. The firm emphasizes 'support and experience sharing' over purely financial returns, acting as a partner in the founder's journey [1][2].

Fit verdict: Ideal for founders in the Marina de Empresas network seeking a partner that offers strategic mentorship, network access, and follow-on capital, rather than just a quick cash injection.

Founder diligence script:

• How does Angels Capital integrate with the EDEM/Lanzadera ecosystem to provide ongoing support beyond the initial investment?
• What is the typical decision-making process and timeline for follow-on investments, as seen in the Fourvenues deal?
• How does the firm leverage Juan Roig's experience and the broader network to add value to portfolio companies?
• What specific sectors or stages does the firm prioritize for new investments within the network?

Portfolio focus

CoCircular: A circular economy operating system [1], Citring: A startup developing innovative small home appliances [1], TRAK: A 100% digital musculoskeletal rehabilitation clinic [1], IONLY: Energy solutions for personal spaces [1], Ola Creators: A platform for hiring creative profiles [1]

Notable investments & exits

• Defloresyfloreros — A Spanish women's footwear brand (B2C/B2B) founded in 2010; Angels Capital closed an investment in June 2025, supporting the brand's expansion into Chile and Uruguay [2].
• NovaHiring — An AI-driven platform for hiring creative profiles, listed in the current portfolio [1].
• TRAK — A 100% digital musculoskeletal rehabilitation clinic, listed in the current portfolio [1].
• Citring — A startup developing innovative small home appliances, listed in the current portfolio [1].
• IONLY — A company focused on energy solutions integrated with living spaces, listed in the current portfolio [1].
• Ola Creators — A platform facilitating the hiring of creative talent, listed in the current portfolio [1].
• Biotasmart — A technology platform for wellness, listed in the current portfolio [1].

Strategic implications

Angels Capital's strength lies in its deep integration with the Marina de Empresas ecosystem, providing a unique sourcing and support advantage that pure financial investors cannot replicate. The firm's pivot to startups and integration into the hub positions it as a key player in Spain's early-stage ecosystem, particularly for founders with EDEM/Lanzadera ties. The active follow-on strategy, exemplified by Fourvenues, signals a commitment to long-term value creation, but may limit the number of new deals the firm can originate if capital is tied up in existing portfolio companies.

Where they could go further

Expand sourcing beyond the Marina de Empresas network to capture high-potential startups outside the immediate ecosystem, reducing dependency on a single hub., Develop a more structured fund vehicle with disclosed size and vintage to attract institutional LPs and scale the investment capacity beyond accumulated angel capital., Formalize a co-investment strategy with international VCs like Base10 and FJ Labs to create a consistent pipeline of cross-border deals for portfolio companies seeking global expansion.