4Founders Capital Launches €60M Hospitality Fund Amid Strong Hotel Investment In Spain

The new fund has an investment capacity of €60 million, a six-year duration, and has already received CNMV approval. The fund aims to hold its first closing in January and execute several pre-committed initial transactions.

This follows last year’s launch of 4Founders Capital III, which targeted €65 million in capital.

“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 highlighted continued investment in the hospitality, hotel real estate and HotelTech sectors, covering both asset-focused projects and software-based solutions.

In Spain, Amenitiz raised €38.9 million in a Series B round to grow its hotel management software for independent operators reinforcing Barcelona as a center for hospitality innovation. Meanwhile, Room00 Group secured a strategic investment of up to €400 million to expand its urban hospitality platform through hotel acquisitions and refurbishments across Southern Europe.

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Elsewhere in Europe, chatlyn (Vienna) raised €8 million to develop AI-driven hotel communication tools, Toppi (Amsterdam) secured nearly €1 million to scale AI solutions for hospitality and Hotiday (Milan) raised €5.5 million to expand its decentralized hotel and TravelTech model. Collectively these announcements account for approximately €453 million in disclosed funding in 2025 highlighting ongoing investor appetite for both hotel real estate and enabling technologies with Spain as a particularly active market.

Founded in 2017 4Founders Capital is an independent venture capital and real estate fund manager focused on high-growth technology companies and, now, strategic hotel assets through its new Hospitality Fund. The fund prioritizes profitability, capital efficiency, and strong teams.

4Founders Capital Hospitality plans to invest in roughly 15 hotels in prime areas of Tier 2 cities with strong tourism potential, outside already saturated markets. The strategy leverages a structural opportunity in the Spanish hotel market, where significant portions of hotel stock still see limited investment.

The fund combines operating returns from hotel activity with real estate value creation driven by the digitalization of hotel management. Returns are expected from both dividends and property divestments over a three- to four-year horizon targeting an IRR per transaction of ~18% and a net IRR above 12%.

To lead the fund, Enrique Domínguez, Founder of GaiaRooms, joins as Head of Investment Strategy. GaiaRooms operates over 100 hotels and 1,500+ rooms, with a model focused on the end-to-end digitalization of assets.

With this launch 4Founders Capital expands its investment scope, bringing expertise in active management, technology and value creation to a sector with strong fundamentals and attractive returns, reinforcing its position as a diversified investment platform aligned with investor interests.