ESC Venture Capital SGEIC (formerly Encomenda Smart Capital) is a Barcelona-based venture capital firm backing early-stage digital technology startups, mainly in Spain. It focuses on pre-seed and seed companies across SaaS, marketplaces, internet, information technology and finance, with initial investments typically ranging from €70K to €300K and follow-on capital up to €1.4M per company. The firm is most relevant for Spanish software and internet founders seeking early institutional capital and hands-on support around scaling, hiring, financial planning and fundraising.