Blockchain founders across Latin America, Europe, and other regions often face significant hurdles in securing funding and strategic guidance. Tritemius Fund FCRE I, based in Madrid, directly addresses this gap by offering not only capital but also mentorship, regulatory access, and support for global market entry, key resources that are often lacking for early-stage blockchain startups.
Launched with €21 million in initial funding, Tritemius Fund FCRE I is Spain’s first regulated venture capital vehicle focused exclusively on Web3 and blockchain innovation. The fund is advised by Tritemius Capital, a firm dedicated to fueling the Web3 revolution, while Abante, a leading Spanish asset manager with over €1.5 billion in private markets, oversees fund management. The fund targets startups from pre-seed to pre-Series A, typically investing €500,000 per company and reserving capital for follow-on rounds to support ongoing growth.
Tritemius Fund sets its sights on global impact
The new web3 investment fund is fully authorised as a European Venture Capital Fund (EuVECA) under the CNMV, Spain’s financial markets regulator. This makes Tritemius Fund FCRE I the country’s only regulated venture capital fund focused entirely on blockchain, decentralised finance (DeFi), tokenisation, privacy tech and cybersecurity.
“We were born to fill a gap in blockchain investment and become 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,” said Luis Pastor, CEO and co-founder of Tritemius Capital.
Pastor stressed that team quality is critical: “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.”
The fund also sees strong tailwinds in the space, driven by more favourable regulation, institutional interest, and the growing maturity of blockchain ecosystems. Innovations such as zero-knowledge proofs, account abstraction and DePINs enhance scalability and usability. Meanwhile, decentralised social networks and platforms bridging traditional finance with digital assets create new market categories.
Tritemius Fund founders with deep blockchain roots
Luis Pastor co-founded Tritemius Capital, bringing significant leadership and entrepreneurial experience in technology and venture capital, particularly within blockchain sectors. The broader Tritemius team includes experts with over a decade of experience in digital assets, fintech, regulatory affairs, and decentralised technologies.
The investment committee consists of seasoned figures like Lluís Pedragosa Massó, who has over 15 years of venture capital experience across the U.S. and Israel, focused on cybersecurity, fintech, and crypto; Pablo Romero, formerly of BBVA’s Blockchain & Digital Assets division; and John Whelan, an early blockchain advocate and independent advisor.
With this multidisciplinary team, Tritemius aims to combine startup agility with institutional-grade credibility. “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,” said Pastor.
Strategic first bets and next steps for Web3 VC
Tritemius Capital plans to invest in four startups soon. These include a cybersecurity platform for decentralised systems in Spain, a dual-market Spanish-Latin American company using tokenisation for microloans, and a U.S.-Israeli firm focused on digital asset operations. These investments show the firm’s global outlook and dedication to bridging innovation between continents.
To strengthen its presence in the web3 ecosystem, the Tritemius team will attend major global industry events like Token 2049 in Singapore and Dubai, Merge in Madrid and Buenos Aires, and the European Blockchain Convention in Barcelona.
Tritemius plans to expand into deeptech verticals and broaden its venture builder operations. The firm co-creates startups with corporates. Their mission remains focused on fuelling decentralised entrepreneurship. They aim to bridge the gap between cutting-edge innovation and institutional frameworks. “We want startups to feel that we speak their language. That’s essential in such a specialised sector, while having a foot in regulation, institutions and investor access,” Pastor noted.
