Kaleidos

kaleidos.net ↗ ·Madrid ·Series A

Kaleidos is a Madrid-based, employee-owned open-source technology company that incubates, funds and operates its own products, most notably Penpot, the first open-source design and prototyping platform for design-code collaboration, and previously Taiga, an agile project management tool. Founded in 2011 (originally as Ars Code) by a group of 14 people who left corporate jobs, it evolved from a digital consultancy into a product company known for its values-driven culture (PIWEEK innovation weeks, 100% remote, feminism and transparency as stated values). It raised an $8M Series A led by Decibel in September 2022 — days after Adobe's $20B Figma deal drove Penpot signups up ~5,600% — followed by a further $12M round in February 2023.

Founded
2011
Founders
2
Total funds raised
€27.5M
Rounds
3
Investors
11
Last round
Jul 2026
SectorsOpen Source Software, Design Tools, Developer Tools, Enterprise Software, SaaS Start-up MapEnterprise Software › Productivity & creation tools

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Founders

Enrique Posner
Co-founder
Pablo Ruiz-Múzquiz
CEO & Co-founder

Global models 5

Automattic
United States · automattic.com ↗
Fully remote, values-driven company that builds and runs several open-source products (WordPress.com, WooCommerce, Tumblr) and makes money from hosted and premium versions of them.
$985MComparable
Grafana Labs
United States · grafana.com ↗
Open-core company whose free open-source tools lead to a paid cloud service and enterprise licences, the same way Penpot turns open-source use into revenue.
$805MComparable
Supabase
United States · supabase.com ↗
Developer platform that is open source and can be self-hosted, which grows through its community and earns money from managed cloud plans and enterprise tiers.
$500MComparable
GitLab
United States · about.gitlab.com ↗
All-remote company with an open-core collaboration platform for teams building software, selling hosted and self-managed enterprise editions on top of a free open-source core.
$426MComparable
HashiCorp
United States · www.hashicorp.com ↗
Grew a group of open-source developer tools into a business by selling enterprise and cloud-hosted versions to companies.
$349MComparable

In the same niche 23 others

See all in the Start-ups Map →

Notes: Most funded first

Investors 11

Open as list →
Athos Capital
www.athos-cap.com
2 rounds, led 1 · 2021–22 Spain
Centro para el Desarrollo Tecnológico y la Innovación
cdti.es
Seed 2021 Spain
SETT
sett.gob.es
Series A 2026 Spain
Decibel
Led Series A 2022 United States
Carlos Cosín
Seed 2021 HQ unknown
Dave Crossland
Series A 2022 HQ unknown
Eric Wittman
Series A 2022 HQ unknown
Grace Francisco
Series A 2022 United States
Rafa Garrido
Seed 2021 Spain
Ricky Posner
Seed 2021 HQ unknown
Vicente Olivenza
Seed 2021 Spain

Funding rounds 3

DateRoundAmountLead
PublishedArticle
2026-07-27 Dealflow #522: Fever valued at almost €4B. viterbit acquired by InfoJobs. Santander AI team. ↗
Dealflow.es Newsletter
2026-07-27
2026-07-24 Atresmedia dispara la valoración de Fever. Revel última €75M con Santander. Infojobs sale de compras en España. ↗
Ecotechers
2026-07-24
2026-07-21 Spain invests in open-source AI design platform Penpot ↗
Digital Watch Observatory
2026-07-21
2026-07-20 La SETT invierte €2M en Kaleidos (diseño de webs y apps) ↗
Webcapitalriesgo
2026-07-20
2026-07-17 Transformación Digital invierte 2 millones de euros en la herramienta española Penpot para el diseño de webs y apps ↗
2026-01-08 Penpot Is Experimenting With MCP Servers For AI-Powered Design Workflows ↗
Smashing Magazine
2026-01-08
2025-05-08 Integrating Design And Code With Native Design Tokens In Penpot ↗
Smashing Magazine
2025-05-08
2024-11-12 Build Your Own Tools with Penpot's New Plugin System and Join the Contest ↗
Codrops
2024-11-12
2024-07-10 Figma alternative Penpot releases version 2.1 with enhanced auth and many improvements ↗
AlternativeTo
2024-07-10
2024-04-10 Figma Alternative Penpot 2.0 Adds Tons of New Features to its Open-Source Platform ↗
It's FOSS News
2024-04-10
2023-10-30 The 10 fastest growing open-source startups in Europe ↗
Sifted
2023-10-30
2023-08-25 An End to Silos: Penpot Bridges the Gap – Interview with Pablo Ruiz-Múzquiz, Penpot's CEO of Kaleidos ↗
The European Business Review
2023-08-25
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