Dunas Capital

What they do

Dunas Capital is a leading independent financial group in the Iberian market. Founded by a team of ex-banking and insurance executives, they differentiate themselves with a conservative "capital preservation" philosophy. Unlike high-risk VC firms, Dunas prioritizes "sleep-easy" returns. In early 2026, they executed a major strategic split, creating Dunas Capital Alternatives to house their growing portfolio of private assets separate from their traditional mutual funds. They are known for partnering with global giants like Partners Group and Cheyne Capital to execute large-scale real asset projects in Spain.

What they look for

Dunas Capital's core thesis is "Capital Preservation" and "Absolute Return," aiming to generate positive returns in any market environment while strictly controlling volatility. For their private asset arm, they seek Real Assets with predictable cash flows, inflation protection, and low correlation to the stock market, ensuring investors can "sleep peacefully."

Stage

Series B+

Sectors

Proptech, Mobility and logistics, Climate, Edtech, Deeptech

Based

Madrid, ES