Crescenta, Spain’s first digital asset manager for investing in private equity funds, has closed a €5 million funding round. The funds will be used to accelerate the firm’s business growth, with two key targets set for 2027: reaching €1 billion in assets under management and 20,000 clients.
The round was once again led by Kfund, which participated through its growth fund Leadwind, and also included Acurio Ventures and FJ Labs, both of which increased their stakes. In addition, Endeavor Catalyst joined the round as a new investor.
Kfund took part in the transaction through Leadwind, its $250 million growth fund backed by Telefónica as anchor investor, along with BBVA and Catalana Occidente, among other corporates. Acurio Ventures (formerly All Iron Ventures) is a venture capital firm investing in startups, scaleups, and VC funds, with €300 million in assets under management (AUM). FJ Labs is a US-based venture capital fund that invests in consumer-facing platforms and startups with the potential to become global leaders in their sectors, such as Airbnb, BlaBlaCar, and Dropbox.
Endeavor joined as a new investor through Endeavor Catalyst, a co-investment fund established to invest alongside the high-impact entrepreneurs supported by the Endeavor network. Endeavor Catalyst is among the leading backers of tech companies that have reached unicorn status (valuations above $1 billion). It has invested in 68 unicorns, including companies such as Fever, Factorial, Rappi, Moneyfarm, and Paack.
Kfund and FJ Labs have supported Crescenta since its first funding round in 2023, while Acurio Ventures joined them in 2025 by participating in the company’s second round. The renewal of their participation follows Crescenta’s successful delivery of its business plan since its founding in 2023.
According to Ramiro Iglesias, CEO and co-founder of Crescenta: “Crescenta has established itself as a profitable company, and we have identified ways to accelerate our growth to become a leader in the sector. This round enables the execution of a more ambitious business plan for the coming years.”
“We are very pleased with Crescenta’s performance and proud that our partners have renewed their confidence in the company. We have ambitious plans for launching new products, expanding internationally, and reaching new segments. We aim to continue transforming the relationship between private equity funds and investors at a time when private markets are attracting increasing interest from investors,” said Eduardo Navarro, Chairman and co-founder of Crescenta.
About Crescenta
Crescenta is a Management Company for Collective Investment Institutions (SGIIC), supervised by the CNMV and registered under official number 289. Founded by Eduardo Navarro and Ramiro Iglesias, the company provides both professional and retail investors with digital access to leading domestic and international funds across private equity growth, buyouts, real assets, secondaries, and other strategies. It also offers extensive educational content on private markets through its “Learn and Grow” platform, along with advisory tools and the ability to integrate bank accounts for a more streamlined and secure subscription process
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