When was IDC Ventures founded?

IDC Ventures was founded in 2019.

Where is IDC Ventures' headquarters located?

IDC Ventures' headquarters is located in Copenhagen ( Denmark ).

How big is IDC Ventures' investment team?

IDC Ventures has a team of 31, including 9 partners.

How many companies has IDC Ventures invested in?

IDC Ventures has invested in 37 companies, including Curve & Lunar.

Which companies has IDC Ventures invested in lately?

Taiv & Curve are the latest investments by IDC Ventures.

What sectors does IDC Ventures focus on for investments?

Top sectors in IDC Ventures' portfolio are Enterprise Applications (13 investments) and FinTech (22 investments).

What stages of companies does IDC Ventures typically invest in?

IDC Ventures primarily invests in Series A and Series B stages.

How many exits has IDC Ventures been involved in?

IDC Ventures' portfolio has seen 2 IPOs and 3 acquisitions.

How many unicorns are there in IDC Ventures' portfolio?

There are 4 unicorns in IDC Ventures' portfolio.

IDC Ventures - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

1. Curve

NFC-enabled multi-account payment cards for consumers. It can be used for services such as cash withdrawal, online/offline purchases, bill payments, money transfers, and more. It also provides an app to manage the transactions of the card and links multiple banking cards. The application is available on iOS and Android devices.

Key facts about Curve

Founded Year: 2015
Location: London (United Kingdom)
Annual Revenue: £14.6M as on Dec 31, 2021
Valuation: $231M as on Mar 27, 2020
Stage: Series C
Total Funding till date: $323M
Employee Count: 200 as on Sep 30, 2020
Investors: Investec, ATW Partners and 105 Others
Latest Funding Round: Series C, Mar 14, 2025, $47.9M
Highlight: Editors' Pick

2. Lunar

Developer of a digital bank for consumers and businesses. It offers services such as deposit accounts, money transfers, bill payments, and NFC-enabled debit cards for online or offline purchases. Its application is available for download from Android and iOS platforms.

Key facts about Lunar

Founded Year: 2015
Location: Aarhus (Denmark)
Annual Revenue: 233M DKK as on Dec 31, 2022
Valuation: $2.2B as on Feb 09, 2023
Stage: Series D
Total Funding till date: $671M
Employee Count: 103 as on Nov 30, 2024
Investors: Kinnevik, Tencent and 22 Others
Latest Funding Round: Series D, May 01, 2024, $25.8M
Highlight: Editors' Pick

3. Ethos

Ethos Life provides an online life insurance platform for individuals. It offers term-life, accidental death coverage, health-related issue coverage, whole life insurance, and more. It also offers life insurance claims assistance solutions for users.

Key facts about Ethos

Founded Year: 2016
Location: San Francisco (United States)
Valuation: $2.7B as on Jul 21, 2021
Stage: Series D
Total Funding till date: $408M
Employee Count: 110 as on Dec 31, 2020
Investors: Glynn Capital, Goldman Sachs and 32 Others
Latest Funding Round: Series D, Jul 21, 2021, $100M
Highlight: Editors' Pick

4. RecargaPay

Mobile wallet and prepaid card provider. Users can make cellular recharges, utility bill payments, public transport payments, and also peer-to-peer transfers. The wallet can be reloaded through credit cards, bank transfers, or cash deposits in physical stores. Users can opt for a monthly subscription plan which offers features such as additional discounts, free automatic recharge, and recharge without an internet connection.

Key facts about RecargaPay

Founded Year: 2004
Location: Sao Paulo (Brazil)
Stage: Series C
Total Funding till date: $127M
Investors: IFC, ATW Partners and 26 Others
Latest Funding Round: Series C, Oct 28, 2021, $10M
Highlight: Editors' Pick

5. CookUnity

CookUnity is an online marketplace for P2P home cooked food delivery services in New York. It is an open marketplace that allows cooking enthusiasts to create a chef's profile, post, and sell meals. Foodies can browse through the meals and look for options close to the area. Offers both on-demand and subscription-based delivery.

Key facts about CookUnity

Founded Year: 2014
Location: New York City (United States)
Stage: Series C
Total Funding till date: $93.3M
Investors: Insight Partners, Evolution VC Partners and 24 Others
Latest Funding Round: Series C, Oct 15, 2024, $11.2M
Highlight: Editors' Pick

Want to see the entire list?

IDC Ventures has invested in 37 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. In 2024, it made 2 investments, while as of Jun 2025, it has made 2 investments in this year. Its most recent first time investment was in Taiv and most recent follow-on round was in Curve.

Here are IDC Ventures' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	1	1	2
2024	1	1	2
2023	0	2	2
2022	11	2	13
2021	8	4	12
2020	2	0	2
2019	2	0	2

View all investments by IDC Ventures

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IDC Ventures has made 12 investments in Series A stage with an average round size of $12.9M, 7 investments in Series B stage with an average round size of $27.4M, 3 investments in Series C stage with an average round size of $43.3M, 2 investments in Series D stage with an average round size of $323M and 1 investment in Conventional Debt stage.

Here are IDC Ventures' investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Series A	12
Series B	7
Series C	3
Series D	2
Conventional Debt	1

View all investments by IDC Ventures

IDC Ventures has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Consumer, Financial Services and Retail. Notably, it has invested in 33 Tech companies, 20 Consumer (B2C) companies, 16 Enterprise (B2B) companies and at least 16 companies focusing on Software.

Here are IDC Ventures' investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
FinTech	15
Enterprise Applications	9
Consumer	7
Financial Services	4
Retail	4
Others	28

View all investments by IDC Ventures

IDC Ventures has made most investments in United States (7), followed by United Kingdom where it has made 3 investments.

Here are IDC Ventures' investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United States	7
United Kingdom	3
Brazil	2
Colombia	2
Denmark	2
Others	10

View all investments by IDC Ventures

IDC Ventures has made 2 investments in 2025 so far - Taiv and Curve.

Here are the most recent investments by IDC Ventures:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 09, 2025	Taiv	Canada	Series A	$7.55M	Emerging Ventures [+3]
Mar 14, 2025	Curve	United Kingdom	Series C	$47.9M	Hanaco Ventures [+3]
Oct 03, 2024	Osigu	Guatemala	Series B	$25M	Visa
Feb 20, 2024	Marco	United States	Series A	$12M	Barn Invest [+7]
Sep 21, 2023	Curve	United Kingdom	Series C	$71.8M	Cercano Management [+3]

Get the detailed list of all investments by IDC Ventures. Download now!

See more recent investments made by IDC Ventures

IDC Ventures has 4 unicorns in its portfolio - Lunar, Ethos, Hastee and others. The most recent unicorn in their portfolio is Lunar. It became a unicorn in 2021.

Here is a list of unicorns in IDC Ventures' portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
74	Lunar	Developer of a digital bank for consumers and businesses	2015	FinTech	Aarhus	Series D	aimqpte
70	Ethos	Online life insurance platform	2016	FinTech [+1]	San Francisco	Series D	lqspkbm
55	Hastee	Online employee benefits platform for financial benefits	2017	Enterprise Applications [+1]	London	Series D	wsnogxy
57	Tradeshift	Provider of cloud-based source-to-pay management solutions for businesses	2010	FinTech [+3]	San Francisco	Series G	xofynyj

View more details about unicorns in IDC Ventures' portfolio

2 of IDC Ventures' portfolio companies have become public. Merqueo got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Dec 2022 and Digimarc got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).

Here are IDC Ventures' portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Merqueo	Dec 27, 2022	Jul 29, 2021	Series C	$50M
Digimarc	Oct 16, 2008	-	-	-

View more details about public companies in IDC Ventures' portfolio

3 companies from IDC Ventures' portfolio have been acquired. The most recent acquisition were Tomorrow in Jan 2022 by Ethos.

Here are IDC Ventures' portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Tomorrow	Jan 13, 2022	-	-	-
EVRYTHNG	Nov 15, 2021	Oct 06, 2020	Series C	$10M
Bipi	Jul 27, 2021	Oct 28, 2020	Series B	$12.4M

View all acquired companies in IDC Ventures' portfolio

IDC Ventures has a team of 31 members including 9 Partners, 1 Venture Partner and 11 Principals located in Spain, United States and 5 more locations. IDC Ventures' team does not sit on the board of any company as of now.

Here is a list of top team members in IDC Ventures:

Name	Designation	Location	Board Memberships	Contact details
Alejandro Rodriguez	Partner	Madrid	-	1 Email
Bobby Aitkenhead	Partner	Madrid	-	1 Email
Jaclyn Baumgarten	Partner	Miami	-	1 Email
Rodrigo Rodas	Partner	Miami	-	1 Email
Richard Lee	Partner	Guatemala City	-	1 Email
Jhonny Polazzo	Partner	Madrid	-	1 Email
Melissa Ramirez	Partner	Miami	-	1 Email
Alejandra Godoy	Partner	Spain	-	-
Jeremy Sparrow	Partner	London	-	1 Email
Gabriel Navarro Rubio	Venture Partner	-	-	-
Erik Garrigo	Principal	Miami	-	1 Email, 1 Phone number

Get the full list of IDC Ventures' team & partners for free. Download now!

View team details of IDC Ventures

Over the past 6 years, 338 investors have co-invested in IDC Ventures's portfolio companies.

Invested before IDC Ventures: Mouro Capital, Speedinvest and 158 others have invested in rounds before IDC Ventures. There are 3 companies where Mouro Capital has invested before IDC Ventures and 2 companies where Speedinvest has invested before IDC Ventures.
Top Co-investors of IDC Ventures: 76 investors entered a company along with IDC Ventures. These include investors like Fuel Venture Capital (3 companies).
Invested after IDC Ventures: A total of 102 investors have invested in IDC Ventures's portfolio after their investments. Top Investors include Fuel Venture Capital (2 companies), Fuel Ventures (2 companies) and Taavet Hinrikus (1 company).