Mundi Ventures

Quick read

Mundi Ventures is a multi-stage VC firm founded in 2015, headquartered in Madrid. It backs 60+ companies across insurtech, fintech, enterprise tech, and deep tech, with a particular focus on helping individuals and businesses manage risk through technology. Its fifth and largest fund, Kembara Fund I, closed a €750M first tranche in early 2026, targeting ~€1B total.

Key facts

Founded

July 2015

Founders

Javier Santiso

Employees

20

Sectors

fintech, enterprise, climate, healthcare

Website

www.mundiventures.com

Investment thesis

Mundi Ventures backs early- and growth-stage technology companies — primarily in insurtech, fintech, enterprise tech, and deep tech/climate — that help individuals, businesses, and society manage an increasingly risky world. It runs dedicated vehicles for European deep tech growth (Kembara Fund I, targeting ~€1B) and LATAM financial/health protection (LatAm Fund I, $100M target).

Recent activity

• Feb 2026fundraise
  Mundi Ventures completed a €750M first close for Kembara Fund I — its fifth and largest fund — targeting ~€1B at final close. Kembara focuses on deep tech and climate growth investments at Series B and C. Javier Santiso co-founded the fund alongside GP Yann de Vries. techcrunch.com
• Mar 2025investment
  Mundi Ventures participated in Epoch Biodesign's $18.3M Series A round. cbinsights.com
• Jan 2026investment
  Mundi Ventures co-invested in Wrisk's Series B alongside Allianz and Opera Tech Ventures. tracxn.com
• Apr 2025investment
  Mundi Ventures co-invested in Hokodo's €10M equity raise alongside Korelya Capital and Opera Tech Ventures, supporting the digital trade credit provider's product expansion. tracxn.com
• Jul 2025investment
  Mundi Ventures co-led Wrisk's €13.9M Series B to expand its embedded vehicle insurance platform. tracxn.com
• Jul 2024fundraise
  Mundi Ventures raised €25M for a dedicated LATAM insurtech fund (LatAm Fund I, $100M target), its first vehicle focused on financial and health protection access across Latin America and the Caribbean. tracxn.com
• 2024fundraise
  Secured a €350M anchor commitment from the European Investment Fund under the European Tech Champions Initiative, seeding the Kembara Fund I raise. techcrunch.com

Notable investments

• ParametrixSeries B2023tracxn.com
• WriskSeries BJan 2026tracxn.com
• HokodoSeries BApr 2025tracxn.com
• Epoch BiodesignSeries AMar 2025cbinsights.com
• Clarity AImundiventures.com
• SubmerGrowthtracxn.com
• BizAwaytracxn.com
• ELEMENT Insurancetracxn.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Javier Santiso · Founder & General Partner
  LinkedIn
• Rafaela Andrade · Partner
  LinkedIn
• Maria Isabel Muñoz Tovia · Partner
  LinkedIn
• Yann de Vries · Co-Founder & General Partner (Kembara)
• Mark Kahn · Partner

Sources

• Mundi Ventures closes on €750M for Kembara, its largest deep tech and climate fund | TechCrunch
• Mundi Ventures | LinkedIn
• Mundi Ventures - 2026 Investor Profile, Portfolio, Team & Investment Trends - Tracxn
• Mundi Ventures - Products, Competitors, Financials, Employees - CB Insights
• Mundi Ventures - LATAM Insurtech Fund | IDB Invest
• Team — Mundi Ventures

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• Kibo Ventures · Multi-stage VC, Madrid·
• K Fund · Early-stage VC, Madrid·
• JME Ventures · Early-stage VC, Madrid·
• Samaipata · Early-stage VC, Madrid + Paris·
• Nauta Capital · B2B VC, Barcelona + London

Explore VCs by sector

• Fintech in Spain
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Globally

• Fintech worldwide
• Enterprise software worldwide

Frequently asked