Cardumen Capital

Global venture capital and asset management firm with a focus on deep tech, early-stage startups in Israel and Europe.

Venture Capital Active Tel Aviv-Yafo, Israel Est. 2018
Visit website ↗ LinkedIn
Last updated 2026-07-20
Portfolio
4
in our dataset
Rounds participated
6
Rounds led
1
Rounds' value
$55.0M
total disclosed, rounds participated
Stages
Pre-Seed, A Round, Seed

About

Cardumen Capital is a global venture capital and asset management firm with offices in Tel Aviv and Madrid, founded in 2018. The firm specializes in Israeli B2B deep tech Seed and Series A investments across various sectors including AI, Cybersecurity, Big Data, and AgriFoodTech. Cardumen Capital aims to be a value-add partner for startups, providing strategic guidance and capital. They manage over $300 million in assets and have invested in over 40 companies. The firm emphasizes supporting founders who are pushing the boundaries of technology and aims to facilitate cross-border synergies between Israel's tech ecosystem and European markets.

Portfolio · 4

Convrt
AI Platform for Social Selling and Engagement
1 round Latest: 2023-02
CoreTigo
Industrial Wireless Communication
Led ★ 3 rounds $38.0M committed Latest: 2022-09
MultiVu
Advanced 3D Imaging Solution
1 round $7.0M committed Latest: 2019-05
Humavox
Wireless Charging for Wearable and IoT Devices
1 round $10.0M committed Latest: 2018-06

Investment activity

3 portfolio exits on record.

Portfolio by sector

Business Software16
Media & Entertainment Technologies3
Industrial Technologies3
Fintech & Insurtech2
Cyber Security2
Agriculture & Food Technologies1
Aerospace, Defense & HLS1

Funds · 3

  • Cardumen Fund III: AgriFoodTech — $50M Jan 2024
  • Cardumen Deep Tech Fund II — $120M Apr 2022
  • Cardumen Deep Tech Fund I — $75M May 2019

Q&A

What is Cardumen Capital's most recent fund close?
Cardumen Capital closed its Cardumen Fund III: AgriFoodTech in January 2024, raising $50M.
Which sectors does Cardumen Capital primarily invest in?
Cardumen Capital primarily invests in Business Software, with 16 portfolio companies, followed by Media & Entertainment Technologies and Industrial Technologies, each with 3 portfolio companies.
Can you name a recent exit for Cardumen Capital?
In February 2026, Cardumen Capital saw an exit with the acquisition of illumex by Nvidia for $60M.
What was Cardumen Capital's second most recent fund close?
Cardumen Capital closed its Cardumen Deep Tech Fund II in April 2022, raising $120M.
Which investment stages does Cardumen Capital focus on?
Cardumen Capital invests across Pre-Seed, Seed, and A Round stages, with 18 Seed rounds and 7 Pre-Seed rounds as initial investments.
Who are the co-founders and managing general partners of Cardumen Capital?
The co-founders and managing general partners of Cardumen Capital are Gonzalo Martínez de Azagra and Igor De La Sota.
What is a notable recent investment by Cardumen Capital?
Cardumen Capital invested in Brandlight, an AI Visibility and Sentiment Platform for Brand Representation, which raised a $35.75M Series A round.
Has Cardumen Capital had any other exits recently?
Yes, in November 2023, Raftt, a cloud-based platform for creating and sharing development environments, was acquired by Wiz.
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