Crescenta, a pioneering digital manager in Spain specialising in private equity fund investments, has closed a €7 million funding round to drive the company’s growth. The capital will be used to strengthen its structure to support territorial expansion, invest in marketing, and develop technology for launching new products and continuously improving its services.
The round was led by Acurio Ventures and Kfund, and also included FJ Labs, which renewed its participation. Acurio Ventures (formerly All Iron Ventures) is a manager of startups, scaleups, and venture capital funds with €300 million in assets under management (AUM). Kfund took part in the operation via Leadwind, its $250 million early-growth fund backed by Telefónica as an anchor investor, along with BBVA and Catalana Occidente, among other corporations.
Kfund, founded by Iñaki Arrola and Carina Szpilka, is one of Spain’s leading venture capital managers, while FJ Labs is a US-based private equity fund specialising in consumer-focused platforms and startups with the potential to become international sector leaders, such as Airbnb, Blablacar and Dropbox. Both funds participated in Crescenta’s first financing round in 2023 and chose to renew their participation, demonstrating confidence in the company and its growth potential after Crescenta quadrupled its initial targets.
Ramiro Iglesias, CEO of Crescenta, stated: “This new funding round marks a turning point for Crescenta. We’ve built a robust product with an unbeatable and scalable service, and we are entering a new phase of expansion. The funds will be allocated to new technology developments, team expansion, regulatory capital, and support for marketing and commercial initiatives”.
The round attracted significant interest from national and international funds, as well as prominent business angels such as Alberto Gutiérrez, founder and CEO of Civitatis, and Mike Santos, co-founder and former CEO of Technisys.
“This moment marks a major milestone for us, just eleven months after the launch of our first funds. This funding round reflects the confidence that key industry players have placed in our company and vision, and highlights the impact we are already making in the private equity ecosystem. We are revolutionising the way funds and investors interact, driven by innovation and technology”, highlighted Eduardo Navarro, President of Crescenta.
More than 125 million under management
Crescenta has more than 80 million assets under management and 45 million in Crescenta Alpha. In addition, it has registered more than 1,300 investors – 97% of them retail – since the launch of its first fund 11 months ago. Looking ahead to 2025, the firm’s goal is to close the year with 500 million AUMs and reach 5,000 investors.