Investment

We identify high-potential startups, invest in them and help integrate their solutions into Telefónica’s business to generate real innovation and impact.

ASSET MANAGEMENT FOR TELEFÓNICA GROUP

Since 2022, we provide asset management to  Telefónica Group companies’ with custom-designed investment theses: Íope Ventures and Vivo Ventures.

OUR PORTFOLIO

We invest in seed and growth-stage startups with the potential to generate business with Telefónica, and with pre-money valuations of up to €250M.

OUR FUND INVESTMENTS

We also invest as a Limited Partner in key venture markets, such as the US and Israel, which has allowed us to build a network of more than 15 strategic funds, giving us access to high-value dealflow.

Asset management

for Telefónica's Group

Proven experience connecting Telefónica Group companies with startup innovation

  • Over 15 years of experience investing in and working with startups.
  • Solid portfolio performance combined with measurable business and strategic impact for Telefónica's Group companies.
  • Longstanding collaboration with corporates across multiple sectors.
  • A global team with deep corporate and venture capital experience.
VIVO VENTURES
A growth-stage fund focused on Brazilian startups with B2C solutions across healthcare, education, financial services, smart home, entertainment and technology marketplaces.
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ÍOPE VENTURES
Telefónica Seguros’ investment vehicle focused on backing Fintech and Insurtech startups.
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Our

portfolio

With tickets ranging from €150K to €5M, we invest in qualified rounds alongside leading venture capital firms, taking minority stakes as a strategic investor.

We focus on startups operating in the following sectors:

Artificial Intelligence

Cybersecurity

Advanced
Connectivity

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Joining the Wayra community has been one of the key milestones for Whalebone. Besides fundraising, Wayra actively contributes by acting as a true enabler between us and Telefonica, o2, connecting us to the right stakeholders within the corporation and always hands-on when it was most needed. Richard Malovic - Founder & CEO of Whalebone
Richard Malovic
Founder & CEO of Whalebone
Wayra has been more than an investor, they've been a true partner in driving growth for Hiya. By stepping in to accelerate the partnership process with Telefonica and VMO2 they helped us unlock opportunities faster than we could have on our own. That commitment to our success is what sets Wayra apart.
Alex Algard
Founder & CEO de Hiya
Wayra's support and the collaboration with Telefónica have allowed us to validate our quantum cryptography technology in real and demanding environments, and to accelerate its adoption in the market.
Vanesa Díaz
CEO LuxQuanta
"Having Wayra's support at the various stages of iUPay was extremely important for our journey. We had Wayra's support from the beginning of our journey and we had support at every stage. Even after the acceleration period we took part in, Wayra has always been present and has always helped us with a wide range of demands, from opening up opportunities, connecting with potential partners, helping with marketing strategies, mentoring, and connecting with other startups in the portfolio. This support has helped us to scale our business more solidly and with excellent prospects."
Ariane Pelicioli
Co-Founder & CEO iUPay
Don’t miss our Outliers selection 2026

Our fund
‍investments

Leadwind
Leadwind Together with KFund, we launched Leadwind in September 2021, a $250 million fund focused on deep tech scaleups.
Other funds:

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