Toubkal Partners

Toubkal Partners is a Barcelona-based venture capital firm established in 2015, focusing on seed-stage investments in technology companies, with additional activity in consumer goods and financial services sectors. The firm was founded by a group of mentors associated with the Spanish startup accelerator SeedRocket, including David Baratech, Enrique Dominguez, Marek Fodor, Sacha Fuentes, Juan Margenat, Jesús Monleon, and Raúl Puente. Their collective experience spans various successful ventures, such as Ulabox, Trovit, Atrapalo, Kantox, Offerum, Smartbox, and Marfeel.

The firm's investment strategy emphasizes a balanced approach, targeting both emerging sectors and traditional industries with clear monetization paths. Toubkal Partners aims to add value to its portfolio companies through active involvement, leveraging the founders' extensive experience in scaling businesses. Their portfolio includes companies like Dealcar, which digitalizes the used car market via a SaaS platform, facilitating fully digital transactions.

Toubkal Partners has made 13 investments to date, with its most recent investment in Dealcar on February 24, 2025. The firm has had notable exits, including Qashops, a company that helps manufacturers and suppliers sell more globally. The firm's approach combines a hands-on investment style with a focus on sectors poised for growth, reflecting a commitment to fostering innovation and entrepreneurship in Spain and beyond.