Incapto has raised €10 million to boost its specialty coffee business. The Catalan startup has brought in British investor McWin, a food-focused fund, as well as Cardumen Capital and Lever VC. The investment round also included participation from existing shareholders in Incapto, namely Banc Sabadell, P101, A3 Media, and JME.
“McWin intends to contribute an additional five million euros in the coming months. We will allocate the funds to scale our business into the restaurant sector. Until now, we have focused on homes, offices, and some hotels. We were missing this channel,” says Francesc Font, co-founder of the startup alongside Joaquim Mach and Beatriz Mesas, in statements to La Vanguardia.
The expansion of Incapto will be carried out hand in hand with McWin, which acts not only as a financial partner but also as an industrial one. “It is a financial partner, but also an industrial one. It has invested in numerous restaurant businesses, and it will allow us to sell to its establishments in countries such as Poland, Germany, and the United Kingdom,” the company celebrates.
From the company they note: “What started by questioning a very normalized habit — capsule coffee — is today consolidating into a brand that brings together better coffee, lower environmental impact, an intelligent subscription model, solutions for homes, offices and now hospitality, and international ambition.
Behind this news there is vision, a team, and a strong obsession with doing things better. And also a clear signal for the entrepreneurial ecosystem: there are still enormous opportunities in mature markets when product, purpose, and execution come together. Let’s get straight to the point: this is not just about drinking better coffee. It is about changing habits at scale.”
Founded in 2020, the Catalan startup has established itself in the specialty coffee sector through the sale of coffee machines and coffee beans. “We import the product from countries in Africa, Asia, and Latin America, and we also design the machines ourselves—we even hold some patents,” they explain. A total of 120 people work at the company, distributed between its Barcelona headquarters (40), warehouses in Ripollet and Barberà del Vallès, and technical and commercial teams located in other geographies (20).
The main source of revenue comes from the sale of machines—designed in Barcelona and manufactured in China—and the subscription-based sale of coffee beans. Thanks to this model, the company generated €14.85 million in revenue in 2025 and expects to exceed €26 million this year with its European expansion alongside McWin. Currently, Incapto exports 30% of its business to Italy, Portugal, and France.
Font notes that Incapto is still not profitable, although he expects the company to “reach positive EBITDA” this year. Since its inception, the company has financed its growth through several funding rounds, raising a total of €27 million, including this latest transaction.
As a result, ownership of the company is distributed among several shareholder groups: the founders, who hold 30% of the capital; McWin, with another 30%; P101, which controls 20%; and the remaining shares held by smaller investors
cloud technology axon
The transaction strengthens SITA’s commitment to technological innov...
