Tritemius Fund FCRE I, a new venture capital fund with an initial close of €21 million and advised by Tritemius Capital, has been officially launched. The fund targets early-stage startups — from pre-seed to pre-Series A — with average investments of €500,000 per company and reserved capital to support follow-on rounds.
"We were born with the goal of filling a gap in blockchain investment and becoming a bridge between Europe, Latin America and the rest of the world. We firmly believe in the potential of web3 and the need for a fund that, in addition to financing, provides strategic insight and a strong network for entrepreneurs," explains Luis Pastor, CEO and co-founder of Tritemius Capital.
Spain’s first regulated web3-focused fund
Tritemius Fund FCRE I stands out as the only regulated venture capital fund in Spain fully focused on web3. It is authorized as a European Venture Capital Fund (EuVECA) under the CNMV, Spain’s financial market regulator. The fund is managed by Abante, a leading financial advisory and asset management firm in Spain’s alternative investment industry, managing over €1.5 billion in private markets. Tritemius acts as the promoter and advisor of the fund, with a focus on identifying high-potential startups in growing markets.
The fund targets web3 entrepreneurs operating in key sectors such as decentralized finance (DeFi), blockchain infrastructure, cybersecurity, privacy, and tokenization. "We are looking for projects that not only show great growth potential but also offer real, disruptive solutions in decentralization and cybersecurity," adds Pastor.
Startup selection is based on two key aspects: the founding team and the size and viability of the market opportunity, including competition and business model. "One of the decisive factors in our investment decisions is the quality of the founding team. In this sector, having highly skilled talent and a clear vision of the impact of their technology is essential," Pastor highlights.
The advisory team sees a strategic opportunity in the sector, driven by greater institutional and governmental adoption of blockchain technology, clearer regulatory frameworks, increased ecosystem maturity and the growing adoption of decentralized applications.
Beyond funding, Tritemius Fund FCRE I offers strategic support to startups through mentoring, industry and regulatory networking, and international expansion strategies. "It’s not just about capital, but about walking alongside founders to ensure they have access to the resources and connections they need to scale."
The firm points to key trends in web3 and blockchain such as improved usability and scalability through innovations like intents, account abstraction and zero-knowledge proofs (ZKP), as well as the development of decentralized finance (DeFi), DePIN, and decentralized social networks. They also highlight opportunities in cybersecurity platforms that protect decentralized systems and in bridging traditional finance with the web3 ecosystem.
Tritemius Capital has assembled a top-tier investment committee with deep experience in venture capital and crypto assets. Members include Lluís Pedragosa Massó, with over 15 years of experience in VC across the U.S. and Israel in cybersecurity, web3, and fintech; Pablo Romero, a crypto sector veteran and former member of BBVA’s Blockchain & Digital Assets team; and John Whelan, an independent advisor with early expertise in blockchain technology.
Expansion plans and first investments
Tritemius Capital aims to become the leading VC firm for web3 and crypto in Europe. The firm will seek out pioneering startups driving mass blockchain adoption and explore new markets and verticals, including deeptech. "We want startups to feel that we speak their language. That’s essential in such a specialized sector, while also having a foot in regulation, institutions and investor access."
Tritemius has already begun evaluating its first deals and plans to invest immediately in four high-potential startups. These include a Spanish web3 cybersecurity company, a firm operating in Spain and Latin America focused on tokenizing guarantees for microloans, a U.S.-Israel startup offering integrated digital asset operations solutions.
To strengthen its position in the ecosystem, the advisory team will participate in major industry events such as Token 2049 in Singapore and Dubai, Merge Madrid and Buenos Aires, and the European Blockchain Convention in Barcelona.
About Tritemius Capital
Tritemius Capital is a Spanish firm focused on investment and venture building in the web3 ecosystem. Its mission is to promote web3 entrepreneurship by leveraging trends that drive mass adoption of decentralized applications. Tritemius operates within a unique opportunity window, fueled by rising institutional and governmental adoption and clear regulatory frameworks.
The team is composed of specialists with more than 10 years of experience in web3 across business, finance, technology, marketing and regulation — the latter being especially relevant in this industry.
Tritemius operates across three main areas:
● Venture Capital: strategic investments in web3 and blockchain startups to accelerate the decentralized ecosystem.
● Venture Builder: focused on launching startups within the Tritemius ecosystem, with an emphasis on deeptech and blockchain. Combines proprietary project development with co-creation alongside large enterprises.
● Digital Assets: focuses on market research, trend analysis, and valuation of projects through a quantitative-qualitative approach to identify value and generate insights for the group.
About Abante
Abante is an independent financial institution specialized in long-term wealth and financial advisory. Founded in 2002, Abante formed a strategic alliance with MAPFRE in 2019 to create Spain’s most competitive independent asset and financial advisory platform.
Today, Abante manages and advises over €14 billion for more than 14,400 clients and has a team of nearly 300 professionals across 10 offices in Madrid, Barcelona, Bilbao, Logroño, Pamplona, Zaragoza, Valladolid, Seville, Málaga, and Valencia.
Abante’s clients include individual investors, family businesses, family offices, and institutions seeking specialized financial, real estate, and corporate advisory — with access to all asset classes, from traditional to alternative investments.
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