Barcelona-based pre-Seed manager 4Founders Capital today announced they will be taking a new step forward after surpassing €130 million in AUM with the launch of their first fund specialised in hotel real estate; 4Founders Capital Hospitality.
The new vehicle will have an investment capacity of €60 million, a six-year duration, and has already received approval from the CNMV. The Fund plans to carry out a first closing later this January, as well as execute the initial transactions that are already committed.
This comes almost a year after 4Founders announced the launch of its third fund, 4Founders Capital III, with a target size of €65 million.
“We are committed to growth and have seen a great opportunity arising from a partnership with businessman Enrique Domínguez, who is the Founder of the Gaiarooms chain,” (translated) says Marc Badosa, Founding Partner of 4Founders Capital alongside entrepreneurs Jesús Monleón (Trovit), Marek Fodor (Atrápalo) and Javier Pérez-Tenessa (Edreams).
In 2025, EU-Startups coverage points to sustained capital deployment across the hospitality, hotel real-estate and HotelTech ecosystem, spanning both asset-heavy strategies and software-led platforms.
In Spain, Amenitiz (Barcelona) raised €38.9 million (Series B) to expand its hotel management software for independent operators, reinforcing Barcelona’s role as a hub for hospitality-focused innovation. Also in Spain, Room00 Group (Madrid) secured a strategic investment of up to €400 million to scale its urban hospitality platform through hotel acquisitions and refurbishments across Southern Europe, illustrating investor appetite for real-estate-backed hospitality models.
Beyond Spain, chatlyn (Vienna) raised €8 million to develop AI-driven communication tools for hotel operations, while Dutch startup Toppi (Amsterdam) secured close to €1 million to scale AI solutions for hospitality businesses. In Italy, Hotiday (Milan) raised €5.5 million to expand its decentralised hotel and TravelTech model.
Taken together, these EU-Startups-reported announcements amount to approximately €453 million in disclosed funding in 2025, providing context for the launch of 4Founders Capital Hospitality and indicating that significant capital continues to flow into both hotel real-estate strategies and enabling hospitality technologies, with Spain standing out as a particularly active market.
Founded in 2017, 4Founders Capital is an independent Venture Capital and Real Estate fund manager. Its main objective is to invest in high-growth technology companies and, now also, in strategic hotel assets through its Hospitality Fund, prioritizing profitability, capital efficiency and strong teams.
Specifically, 4Founders Capital Hospitality plans to invest in around 15 hotels located in prime areas of Tier 2 cities with a strong tourism component, outside the main already-saturated markets.
The strategy is based on a structural opportunity in the Spanish hotel market, where a significant portion of the hotel stock reportedly still attracts relatively limited investment volumes.
The Fund’s objective is to combine operating returns from hotel activity with real estate value creation, driven by the digitalisation of hotel management.
In this regard, returns are generated both through dividends from hotel operations and through the divestment of the properties (hotels) over a three- to four-year horizon. The Fund aims to achieve an IRR per transaction close to 18% and a net IRR for investors above 12%.
To lead this new vehicle, Enrique Domínguez, Founder of GaiaRooms, joins the project as Head of Investment Strategy. GaiaRooms is a leading Spanish operator in the long-tail hotel segment, with more than 100 hotels and over 1,500 rooms under management, and a model based on the end-to-end digitalisation of assets.
With this launch, 4Founders Capital expands its investment scope by bringing its expertise in active management, technology and value creation to a sector with solid fundamentals and strong return potential, reinforcing its position as a diversified investment platform aligned with the interests of its investors.
Read the orginal article: https://www.eu-startups.com/2026/01/4founders-capital-launches-e60-million-hospitality-fund-against-backdrop-of-strong-hotel-investment-flows-in-spain/
