BackFund

backfund.vc ↗ ·Madrid ·Invests Pre-seed – Seed

BackFund is a Madrid-based, founder-first venture capital firm investing at the earliest stages (pre-seed to seed) in deep-tech startups across Europe, with focus areas including AI & quantum infrastructure, energy transition, spacetech, and agrotech. Through its BackFund I fund (2021-2024) it backed 16 seed-stage startups out of 1,500+ applications, supporting founders with capital plus hands-on mentoring from a network of 100+ backers.

Tracked portfolio

Team

AUM

n/a

Rounds

Cheque

€50-150K

SectorsDeep tech, AI & quantum infrastructure, Energy transition, Spacetech, Agrotech VC MapPre-seed

portfolio by sector9

AI & Data2 Energy & Climate2 HR & Future of Work2 Enterprise Software1 Insurtech1 1 more sector1

deals by stage8

Pre-seed3 Seed5

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Team

Partners 1 Investment Team 1 Others 2

Karel Escobar

Managing Partner

Portfolio companies 12

Open 9 as list → On map →

SegurosIA

entered at Pre-seed, 2025

Insurtech Pre-seed

Candam Technologies

entered at Seed, 2024

Energy & Climate Seed

Imageryst

entered at Seed, 2024

AI & Data Seed

Dolfin

entered at Pre-seed, 2023

Enterprise Software Seed

Nuwe

entered at Seed, 2023

HR & Future of Work Seed

Emocional

entered at Pre-seed, 2023

HR & Future of Work Pre-seed

airCO2

entered at Seed, 2022

Energy & Climate Seed

QCentroid

per company site

Deeptech & Hardware Seed

Qsimov

per company site

AI & Data Seed

Exited or sunsetted (3)

Ordatic

led Seed, 2021

Closed in 2024

Balio

per company site

Acquired by Contents, 2026

WitSound Technologies

per company site

Closed

Funding rounds 8

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Date	Company	Round	Amount	Lead
2025-04-07	SegurosIA	Pre-seed	€150K	Eoniq.fund +2 more
2024-11-13	Candam Technologies	Seed (estimated)	€1.2M	Lead not disclosed +7 more
2024-03-19	Imageryst	Seed (estimated)	€500K	Lead not disclosed +5 more
2023-09-13	Dolfin	Pre-seed	€580K	Dozen Investments +2 more
2023-02-21	Nuwe	Seed (estimated)	€739K	Asterius VC +3 more
2023-01-25	Emocional	Pre-seed (estimated)	€400K	Redarbor +2 more
2022-06	airCO2	Seed	€700K	Mota-Engil +7 more
2021-11-03	Ordatic	Seed (estimated)	approximately €500K	Inveready, BackFund +1 more

Often invests with 12

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Inveready 2 Bcombinator 1 Centro para el Desarrollo Tecnológico y la Innovación 1 COREangels 1 Dozen Investments 1 Draper B1 1

News 3

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Published	Article
2026-04-15	Karel Escobar Sánchez \| BackFund ↗ Startups Oasis 2026-04-15
2024-06-18	Back Fund cierra un fondo de un millón de euros y una cartera de 16 'startups' ↗ Forbes España 2024-06-18
2024-03-20	Imageryst closes €700,000 funding round to democratize access to satellite data ↗ Imageryst (press release) 2024-03-20