El Foso

Live diligence on real seed companies. Each case is reproducible from its citation ledger and ends in a signed verdict, or a blank one where the call was the fund's.

Kabilio

AI automation for accounting firms (accountant-client workflow)

Verdict signed

Conditional yes. The meeting is about two numbers.

market networkdataBarcelona, Spain · Pre-seed (Nov 2025; €4M + €200K ENISA, no Series A)

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Dolfin

AI-native sales-compensation software

Verdict signed

Pass today. One fact reopens it: a cross-customer data effect.

dataBarcelona, Spain · Seed (May 2026, €2.1M, no prior or later round, no Series A)

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VIVLA (retro, vintage-pinned to March 2022)

Proptech / fractional second-home co-ownership

Fund's call

Verdict blank on purpose. That call was the fund's to make, and they made it.

marketplacemarket networkMadrid, Spain · Pre-seed (March 2022, €26M, no Series A as of vintage date)

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