Spain is one of Europe’s most attractive countries for remote work, and is actively working to develop the local startup environment. We tell you about local projects to watch out for in 2022.
Abacum
Julio Martinez and Jorge Lluch are the founders. The startup develops financial planning and analysis software, and its target audience is small and medium-sized businesses. The company was founded in New York City and opened an office in Barcelona, with a total of more than 70 employees.
The startup has raised a total of $32 million. Its investors include Creandum, Y Combinator, PROFounders, K Fund, and business angels.
Belvo
Founded in 2019 by Pablo Vigera and Oriol Tintore. The fintech service acts as a reliable communication channel that allows users to communicate their financial data, which is stored in the bank, to budget organizations, as well as to applications of the shoring economy, such as Uber or Rappi.
Since its founding, Belvo has been supported by leading venture funds from the U.S. and Latin America, including Founders Fund, Kaszek Ventures and Y Combinator. The startup’s partners include more than 50 financial institutions and it serves more than 125 clients, including fintech companies in Mexico, Brazil, Colombia and Spain.
Capchase
The startup was created in 2020 to fund SaaS companies that operate on a subscription model and provide them with a cash flow until they start generating revenue from customers.
In its first year, the fintech startup raised more than $300 million in three rounds. It now has more than 1,000 customers, who are using Capchase to grow without raising other sources of funding or selling their stakes early.
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The startup’s co-founders are Miguel Angel Fernandez Larrea, Luis Basagoiti Marquez, Ignacio Moreno Pubul and Przemek Gottfried. Some of them had worked together at Geoblink, but others did not know each other personally until months before the launch.
CARTO
It’s a SaaS cloud computing platform that uses GIS systems and web mapping to visualize a web navigator.
Here’s how the company explains its mission: “From smartphones to connected cars, location data is changing the way we live and the way we run our businesses. Everything happens in a certain place, but visualizing data to understand where it’s at is not the same as understanding why it’s there.”
CARTO is a leading spatial analytics platform that allows organizations to use location data to most effectively build supply routes, segment markets, locate retail locations and so on. Data Scientists, developers and analysts use CARTO to optimize production processes and predict results using spatial analytics.
Founded in 2012 in Madrid by Javier de la Torre and Sergio Alvarez of K Fund, a venture capital firm that invests in startups from Southern Europe and Latin America. After working on environmental projects for several years, the partners decided it was time to improve the technology available to analyze and visualize large amounts of location data.
Clarity AI.
This is a technology platform that offers information about the social and environmental impact of more than 30,000 organizations.
The startup aims to contribute to a more socially efficient allocation of capital by providing decision makers with the most reliable and comprehensive tools to understand and optimize their impact on society and the environment, drawing on scientific research and the latest technology.
Its product has won awards and been covered by the world’s leading media. The startup, founded by Rebekah Minghella, had a $50 million funding round led by Softbank in December 2021. It raised a total of $80.3 million.
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Before creating Clarity AI, Rebekah Minghella founded Blink Booking, later acquired by Groupon. She has been honored as a Young Global Leader by the World Economic Forum and as a European Young Leader.
Clikalia
PropTech startup Clikalia was founded in 2018. Its creators, Alistair Moreno and Pablo Fernandez, wanted to provide Spanish citizens with modern digital tools for buying and selling homes. The iBuyer model, which was used by American companies Opendoor and Redfin, has demonstrated its popularity in the European market as well.
The company is based in Madrid, has more than 600 people in its team and has published more than 10,000 listings in the past three years, according to its corporate website.
The next round of funding for the startup took place in February 2022 and brought in $86 million. in total, the company has raised $1.1 billion in investments.
Euros.