McWin pours £4m into coffee brand

McWin Capital Partners has invested €5m (£4.3m) in coffee and associated equipment supplier Incapto.

The Spanish based coffee company has a professional arm which provides coffee, coffee machines and water dispensers to the hospitality industry.

McWin’s investment was via its Tech Fund I as part of Incapto’s €10m (£8.7m) Series B funding round.

The move is part of the private equity firm’s strategic commitment to supporting innovative and high-impact food technology companies. McWin believes Incapto has a proven business model, recurring revenue streams and a roadmap to sustained profitability, and therefore represents a strategic addition to its portfolio.

Incapto’s investment round was led by McWin, with Cardumen Capital and Lever VC also joining as a new co-investor. Current investors include Banc Sabadell, P101, A3 media and JME.

The coffee brand has plans for international expansion into France, Portugal and additional markets in 2026, and intends to use the latest investment to scale its business and capitalise on growing demand for sustainable coffee solutions.

The partnership enables McWin to further accelerate Incapto’s expansion through synergies with its network of quick service restaurants (QSRs) and foodservice operators. In the UK this includes Flat Iron, Gail’s, Sticks’n’Sushi and Big Mamma Group.

Martin Davalos, partner and head of food tech at McWin, said: “Incapto is a prime example of how innovative technologies and differentiated business models can disrupt traditional industries for the better. At McWin, we are committed to backing high-growth companies that deliver not only exceptional financial results but also sustainable and scalable solutions.

“Our foodservice strategy has enabled us to support brands in successfully expanding across various European markets including Spain. However, this marks the first investment in Spain under our Food Tech strategy, representing a significant milestone for McWin. Incapto’s innovative platform is closely aligned with our mission to drive transformative progress in the food sector, and we are excited to contribute to the company’s next stage of growth.”

Joaquim Mach, co-founder and co-CEO of Incapto, added: “McWin’s involvement is incredibly significant for us for two key reasons. Firstly, McWin brings unparalleled expertise in the food industry and a strong commitment to supporting entrepreneurs, making them the ideal partner to help us scale up our business effectively. Secondly, the McWin team share our vision of leveraging technological innovation to create a truly sustainable food ecosystem. We are excited to embark upon the journey together and look forward to the opportunities that lie ahead.”

McWin’s current food tech portfolio includes: Oishii, Footprint, Upside Foods, Ecorobotix, Nuritas, Every, ElephantSkin, Catcher, Clever Carnivore and Cook Unity.