Tuesday April 30, 2024

Promising startups from Spain P. 2

Cobee
The startup was founded in 2019 and specializes in corporate bonus management. Its founders, Borja Aranguren, Daniel Olea and Nacho Travesi, set out to improve employee well-being in a flexible, personalized and automated manner. The platform provides a wide range of perks, from gym access to insurance products, benefits and discounts.

A Series A funding round took place in July 2021, in which the startup received a $16.5 million investment. The round was led by Balderton Capital.

Exoticca .
The project from Barcelona is positioning itself as a new generation tour operator that specializes in package tours for several days. The platform allows you to buy online complex and multi-part packages (including flights, hotels, activities) to more than 50 destinations around the world. The company has a presence in the U.S., Canada, Great Britain, France, Germany and Spain.

Read on: Why Barcelona is becoming a hub for travel startups

In July 2021, the startup closed a $30 million Series C funding round, raising the total amount raised to $53 million. The round was led by 14W and Mangrove Capital Partners, with Aldea Ventures, Milano Investment Partners SGR, K Fund, Bonsai Partners, Kibo Ventures and Sabadell Venture Capital also among the participants.

The funds raised will accelerate the company’s development in the tourism market, which is recovering from the pandemic. The plan is to invest in technology and products to automate bookings and improve the traveler experience.

Factorial
The company develops human resources software used by more than 75,000 customers in 65 countries. among its capabilities are tracking time off and vacation, work hours, payroll incidents, hiring, performance reviews and onboarding.

“Our plan is to increase sales in Spain while developing new markets to be able to provide a premium service in the medium term,” states Jordi Romero, founder and CEO of Factorial.

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The startup was created in Barcelona. In 2017, it received €500,000 in an angel round, and in 2018 it received another €2.8 million from Sweden’s Creandum, Spain’s K Fund and Germany’s Point Nine Capital.

In September 2021, it closed an $80 million B financing round with investments from Tiger Global, CRV, Creandum, Point Nine and K Fund.

Paack
The startup was founded in Dubai more than five years ago by Fernando Benito, Javier Rosales and Victor Obradors. It initially offered a solution for delivering small parcels from online stores, and over time has grown into a network of “last mile” centers and stations, providing next-day delivery after purchase at a time interval chosen by the customer.

The startup’s team has more than 400 employees, and it combines 17 to 20 of the largest online delivery services in cities where it operates (its geography includes Spain, France, Great Britain and Portugal).

Paack boasts customers such as El Corte Inglés, Inditex, Amazon, Decathlon, FNAC, Nespresso and PC Componentes. However, the company says they still have a long way to go.

Travelperk
It’s a company that manages corporate travel. It was founded in 2015 in Barcelona by two employees of the Booking platform. Later, the startup Travelperk launched a new service for customers, which allows them to organize a trip to attend an event.

Notably, despite the decline in travel during the pandemic, the company has received investment over the past two years (raising a total of $408.2 million) and raised its valuation to $1.3 billion. Its investors include Target Global, Kinnevik AB, Spark Capital and other venture capital firms.

Typeform .
The project specializes in creating online questionnaires and questionnaires based on user needs. Its software is used by Apple Inc., Airbnb, Uber and Nike, Inc. Typeform creates millions of surveys every month.

Today, the Barcelona-based startup estimates its sales at 60 million euros thanks to 120,000 paid subscriptions.

Wallapop
It is the leading free app for buying and selling used products that promotes a new form of responsible consumption based on a closed-loop economy.

Wallapop was founded in 2013 and uses geolocation so the user can bid and view offers based on location. The app is available for smartphones, tablets and PCs.

In 2020, sales through the app grew 50% despite restrictions due to the coronavirus. In 2021, the startup received an investment of 157 million euros, increasing its valuation to 690 million

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