+350M
customers
Our Investment Thesis
Strategic investments, through minority stakes, focused on taking the relation between the startup and Telefónica to the next level.
Telefónica Tech Ventures is the Venture Capital global Vehicle for Cyber Security, founded by Telefónica Ventures and ElevenPaths, in order to invest in the best Cyber Security Startups and develop new business together.
We Invest
Telefónica Tech Ventures invests in startups with technologies, products and services cutting edge in growing markets.
We Foster
Telefónica Tech Ventures is an active investor committed with the business development of the startups invested.
We Partner
Telefónica Tech Ventures incorporates the startups invested in the ElevenPaths and Telefónica Ventures portfolio of partners.
Strategic investments, through minority stakes, focused on taking the relation between the startup and Telefónica to the next level.
Early and growth stages.
Tickets from 100K€ to 6M€.
SOCs automation, Threat intelligent, New Phising, Network Security, Data Security, Cloud Security, IoT Security, Home Security, Cyber for SMEs, Identity Management.
Startups located in the best tech ecosystems (US, Israel).
Startups with operations in highlighted Telefónica footprint (Spain, Brazil, UK, Germany).
Highlighted presence in Spain, Brazil, UK and Germany. Moreover, 10 countries in Hispam. 350M access and growing 26% YoY in Cyber Security .
Program composed of +50 partnerships focused on Cyber Security up & running with companies like: Fortinet, Palo Alto and the Global Telco Security Alliance.
+1500 employees in technical, sales, operation areas eager to empower your company fueling the relation between your startup and Telefónica.
Growth support and network composed of +50 relevant Venture Capital funds in which Telefónica Ventures is Limited Partner and co-investor.
Monitor mixed environments, scale across continents and integrate with SOC/ IT environments. See what's on your network, monitor behavior, detect OT and IoT threats.
Provides cyber threat information and analysis intelligence for enterprises, service providers, and security vendors.
4IQ powers cyber intelligence centers for defense and law enforcement agencies and provides enterprises with intelligence services.
Improve visibility, transform the SOC, and achieve enterprise-wide business initiatives. Leverage built-in algorithms or integrate custom models, in real time, at scale.
Through Kibo Ventures
We track down and eliminate illegal copies of your assets through our technology platform. Our goal is to minimize the negative impact that such infringements have on your sales and brand reputation.
CounterCraft Deception Solution detects advanced adversaries. Automate counterintelligence campaigns to discover targeted attacks with real time active solutions.
Protects applications against security bugs and business logic flaws throughout the SDLC without changing the source code.
Employee cyber risk management and human firewalls activation. Kymatio is the SaaS that identifies, analyzes and provides everything necessary to manage employee cyber risks.
Open cloud platform uses machine learning to help organizations of all sizes and sectors address day-to-day security challenges.
Fraud orchestration and management software that provides an efficient and simple way to consolidate, manage and interrogate fraud data.
Secure, private and encrypted cloud-based instant messaging solution tailored to solve the companies' needs, connect employees and keep track of conversations and activity for any regulatory purposes.
Developer of an online platform designed to offer GDPR compliance services that simplifies the process of detecting risks and protecting personal data.
ElevenPaths is Telefónica's Cyber Security company, part of the Telefónica Tech holding, which brings together the digital businesses with the greatest growth potential in the company.
In a world in which cyber threats are inevitable as an intelligent managed security services suppliers, we focus on preventing, detecting, responding and diminishing the possible attacks faced by companies. We guarantee the cyber resilience of our customers through 24/7 support entirely managed from eleven i-SOCs around the world with global operational capacity.
We believe in challenging the current state of security, a characteristic that must always be present in technology. We are constantly rethinking the relationship between security and people with the aim of creating innovative products capable of transforming the concept of security. In this way, we manage to stay one step ahead of our attackers, whose presence is increasing in our digital lives. We work to guarantee a safer digital environment through strategic alliances that allow us to improve the security of our clients. Besides constant collaborations with leading organisations and entities such as the European Commission, Cyber Threat Alliance, Cloud Security Alliance, Cyber Security Alliance, EuroPol, Incibe, OpenSSF, OEA, ISAAC, OCA, FIRST, IoT Security Foundation, Centro de Ciberseguridad Industrial (CCI) y APWG.
Visit ElevenPathsTelefónica Ventures is Telefonica's Corporate Venture Capital vehicle which was launched to overcome the major challenges of transforming the Telco industry and creating new businesses by using cutting-edge technologies. To achieve the above, Telefónica Ventures invests directly in startups and/or as a Limited Partner in a network of Venture Capital funds that lead key markets so as to build strategic partners aligned with the Telefónica Group’s global strategy. Telefónica Ventures currently has a portfolio of 11 startups with direct investment and more than 90 startups with investment through the network of 11 Venture Capital funds.
Visit Telefónica Ventures
Chema Alonso is currently the Chief Digital Consumer Officer (CDCO) of Telefónica. In this role, he leads the strategy for the digitalisation of product and service sales processes and of the customer communication channels of the company. As the head of this Global Digital Consumer Unit, he also aims to promote innovation of new digital products and services as well as the generation of internal efficiency supported by the technological capacities of big data and artificial intelligence of Telefónica's fourth platform, with special focus on the digital home. With a long history in the area of innovation, he is also responsible for the innovation of Telefónica's core technologies as well as the company''s relationship with the entrepreneurial ecosystem under an open cooperation model.
He is also Chairman of ElevenPaths, the Cyber Security company belonging to Telefónica Tech, which integrates the company's Cloud, IoT/Big Data and Security businesses.
He holds a PhD in Computer Security from the Universidad Rey Juan Carlos and a Technical Engineering degree in Computer Systems from the Universidad Politécnica de Madrid. The latter institution named him Honorary Ambassador of the University School of Information Technology in 2012.
Rames Sarwat is an expert in identity management and electronic signature. He is the author of the book called "DNIe: technology and applications", and a vocal member of the sub-committees for the standardization of identification cards (SC17) and biometrics (SC37). Before joining ElevenPaths he was CEO of SmartAccess, director of professional services subsidiary of Microsoft in Spain for Public Sector, Health and Education, and project manager at NCR where he participated in several projects related to smart cards and biometric recognition.
David del Val Latorre is Director of Core Innovation at Telefonica and CEO of Telefonica Research and Development. He is responsible for the creation of new internal products and services for the group. In this role, he has pioneered the introduction in Telefonica of new paradigms such as Artificial Intelligence, Edge Computing, IoT, and Big Data.
He spent 6 years in the United States where he co-founded VXtreme, a technology company based in Silicon Valley, which he later sold to Microsoft. One of the early inventors of streaming media, he has participated in the founding of 11 start-ups and holds 16 international patents. He is also the president of 5TONIC, a 5G research association in Spain and have served on the board of the Telecom Infrastructure Project (TIP). He has taught Entrepreneurship at IE Business School.
David is a Telecommunications Engineer from the Universidad Politécnica de Madrid, has a Master's Degree in Computer Science from Stanford University and Executive Certificate in Management and Leadership from M.I.T.
Guenia Gawendo is Telefónica Ventures Managing Director. In this role, her mission is to identify new business opportunities and foster strategic partnerships aligned with Telefónica's global strategy by scouting and investing in technological startups directly or through a network of leading venture capital funds in key markets in which Telefónica Ventures participate as a limited partner. Currently, the portfolio of Telefónica Ventures is formed by 11 startups invested directly and more than 100 startups invested through 11 venture capital funds in key markets for Telefónica.
In the last 3 years she has led Telefónica's Silicon Valley presence in Menlo Park, California.
Prior to this she worked as Business Manager to the Chief Commercial and Digital Officer and was responsible for the operations of the Advertising vertical in Telefónica Digital, where she led the expansion of Telefónica''s mobile advertising business from Europe to LATAM.
Guenia joined Telefónica 19 years ago as Corporate Strategy Manager and has held other global positions since then, as, Head of Marketing Best Practices and Senior Manager for Commercial Development. Her background is in management consultancy in McKinsey and The Boston Consulting Group. Guenia holds a BS in Chemical Engineering from University of São Paulo and an MBA from Kellogg School of Management, Northwestern University.
Raul Riesco Granadino is Master Degree in Telecommunication Engineering by the Polytechnic University of Madrid and PhD Telecommunications Engineer from the same University specialized in Cybersecurity.
He has more than 20 years of experience in the ICT sector and in particular in the field of computer security in companies such as HP, BT or T-Systems. He currently leads the areas of Institutional Relations and Investments at Telefónica (ElevenPaths), former Deputy Director of the Spanish National Cybersecurity Institute (INCIBE) where he directed for more than 13 years the launch of numerous initiatives that have had great impact such as those related to foster the Entrepreneurship or talent in cybersecurity (Cybercamp, Cybersecurity Ventures, Ciberemprende, Summer Bootcamp, Program #include for people with disabilities, etc.) or even massive public services such as 017 focused on minors, citizens and companies. He has also actively contributed to the design of the European Strategy and the National Cybersecurity Strategy as well as the transposition of the NIS Directive among many other initiatives. Since 2013 he actively contributes as an evaluator and also as an expert adviser to the European Commission on the R & D & I Strategy in Cybersecurity and privacy. Raúl is a firm believer that people are the main asset and that technology is the main enabler we have to make our dreams come true.
Pablo San Emeterio is a Computer Engineer and has a Master degree in Information Security from the UPM; he has different certifications such as CISA, CISM or OCA. He is passionate about new technologies and tremendous interest in cybersecurity. He has been working for more than 17 years in different positions related to software development and R + D + i. In the cybersecurity field, he has been working for more than 12 years, standing out mainly for his research on the security of different instant messaging applications together with works on hooking techniques.
This passion has allowed him to participate as a speaker at major international renowned events such as Shmoocon (Washington) or Black Hat (Amsterdam, Sao Paulo and Las Vegas), as well as repeated presentations at prestigious national congresses such as Rootedcon, STIC Conference, NcN , Navajas Negras, ConectaCON, etc.
He also collaborates every Monday in the Cybersecurity Space of the Afterwork program on Capital Radio, where current issues in the world of cybersecurity are discussed, and the culture of cybersecurity is broadcasted in society. Also, he is a professor of the Master in Cybersecurity at UCAM, the Master in Cybersecurity and Information Security at the University of Castilla La Mancha, the Superior Program in Cybersecurity and Compliance at ICEMD
He currently works as Head of Technical Evaluations in the Strategic Public Affairs & Investments department of Telefonica CyberTech.
Currently, Head of New Ventures at Telefónica Ventures. Prior to that, Pablo was Head of Innovation at Mutua Madrileña (MM), responsible of defining and launching new products and services to the market. MM is the second largest non-life insurance Group in Spain, with 5+ Bn€ premiums. He was also member of Antai Venture Builder Board of Directors (1st Spanish Venture Builder that launched companies like Wallapop, Glogo…). Before, He worked in Wayra (Telefónica Seed Stage Corporate Venturing Unit) managing the portfolio of +500 startups and partnerships between them and Telefónica. Also, He started his career working in several positions related with product management and business development in Telefónica Spain. Mentor of several startups in the Spanish and Brazilian ecosystem. Passionate about sports, geopolitics, venture capital and innovation. Executive MBA at IE Business School, Master of Marketing at ESIC Business School and Business Administration at Valladolid University and Bucks New University. His specialties in startups and innovation are focused on Fintech, Cyber, IoT, Video and Health.
Head of Investments at Telefónica Ventures. Prior to joining Telefonica almost 4 years ago, she worked as an Investment Banker for 14 years in top tier international Investment Banks (Citigroup, Merrill Lynch-Bank of America, UBS and the Royal Bank of Scotland). Along such years she developed a vast expertise in three main investment banking areas: M&A, Debt & Ratings Advisory and Transactional Banking (cash management, trade and FX products) in the abovementioned major international players.
My educational background includes: Executive Digital Business Programme in ISDI (Digital Talent), Law and Business Management double degree from ICADE (E-3) University in Madrid and Georgetown and LSE financial related courses
Passionate about practicing ski and golf with my family. Committed with social proyects, having set up a programme of delivering staple food for 350 extreme poverty families during the first COVID confinement in the spring of 2020 in Madrid.
Arsenio Pérez Gavira has been working in the IT security sector for more than 15 years. He has graduated in Technical computer science, MBA in Management Companies and Master in Information Security by the Polytechnic University of Madrid. He worked near all his professional life in Telefonica working in different matters like global product manager to manage and commercialize the product internal and external in Telefónica Group(Europe and Latin America), manage the access service and also manage the internal vulnerability service in Telefonica Spain. Right now, he is managing the scouting startups that fit with 11paths Security Portfolio identifying product needs and give them the better ecosystems startups with the more innovative and disruptive technologies to add more value to our clients.
Jaime Sánchez (aka @segofensiva) has worked for over 20 years as a specialist advisor for large national and international companies, focusing on different aspects of security such as consulting, auditing, training, and ethical hacking techniques. He holds a Computer Engineering degree and an Executive MBA. In addition, he holds several certifications, like CISA, CISM, CISSP, just to name a few, and a NATO SECRET security clearance, as a result of his role as advisory of many law enforcement organizations, banks and large companies in Europe and Spain.
He has spoken in renowned security conferences nationally and internationally, as in RootedCON, Nuit du Hack, Black Hat, Defcon, DerbyCON, NocOnName, Deepsec, Shmoocon or Cyber Defence Symposium, among others. As a result of his researches, he has notified security findings and vulnerabilities to top companies and vendors, like Banco Popular, WhatsApp, Snapchat, Microsoft, Apple etc.
He is a frequent contributor on TV (TVE, Cuatro, LaSexta, Telecinco), press (El Pais, El Mundo, LA Times, NBC News) and radio programs, and writes a blog called 'SeguridadOfensiva'.
Álvaro Gracia is a member of the Telefónica Ventures team where he focuses in cyber security, cloud and blockchain technology investment sourcing, due diligence, execution and portfolio management. Prior to joining Telefónica Ventures, Álvaro started his career as an auditor at Deloitte and later worked creating financial models for PE/ VC funds and Startups.
Álvaro holds a BSc in Economics from Carlos III University, a MSc in Audit and Corporate Development from ICADE and earned his MBA at IE Business School. Passionate about tech, finance and motorcycles, he managed US and LATAM investments as Head of US Investments in Silicon Valley.
Rafael Amorós is a member of the Telefónica Ventures Team. +10 years of experience designing networks, leading key proposals, evaluating new technologies and researching industry trends working in Telefonica in Product and engineering areas. + 3 years in contact with startups and the whole entrepreneurship area. Before, He worked in Wayra (Telefónica Seed Stage Corporate Venturing Unit) managing the portfolio of +500 startups generating >50M€ for comapany. Rafa holds a Telecommunications Engineer UMH, MBA IE Business School, Certificate in Entrepreneurship and Innovation from Stanford University, Executive Program from ISBIF Venture Capital. Mentor of Startups, blogger on innovation specifically in Think Big Empresas Telefonica Blog. Strong Technical skills in Cyber, Networking and Cloud adding special vision in scale business. Passionate about innovation, he understands innovation as the only tool to achieve digital transformation and change for new opportunities in the market. Constant participation in innovation projects and judging different programs as GCHQ accelerator program, star4big and so on.
Pablo González-Puelles is a member of the Telefónica Ventures Team. Prior to joining Telefónica Ventures in 2019, Pablo served as Fund Manager in the investment team of Welzia Asset Management for three years, where he executed quantitative modelling strategies in both equity and debt funds. Earlier on, Pablo worked in Fever, a social event discovery startup based in Madrid. In 2015, he developed from idea to launch La huella del dandi, an online fashion brand. Pablo holds a Business Administration degree from Universidad Pontificia Comillas (ICADE) in Madrid. He has also been designated as CMT and has passed first level of CFA certification.
Diana Ferreiro Terol is a former cybersecurity consultant with +15 years of experience, working in different international companies. Diana attended at UNED University. As an entrepreneur, she is the cofounder of iHackLabs (acquired by Telefonica) and Threatia Studios. She is a former member of the 3rd cohort of NCSC / Wayra Cyber Accelerator in Cheltenham, UK. Currently in Spain developing an amazing career in the department of Strategic Public Affairs & Investments 11paths in Telefónica Tech.
