What is venture capital investing in the Basque Country in 2016?
02/09/2016
Diego Gutiérrez
What is venture capital investing in the Basque Country in 2016?
Rotecnia, Deltalab, Isetic Technology, Intelligent Parking and Inteliigent Delivery have raised funding in the first half of the year thanks to venture capital funding.

Talde has invested in Rotecna and Deltalab.

Taldewhich celebrates its 40th anniversary this year, is a private venture capital management group in Spain. Founded in 1976, it has participated in more than 150 investment projects which it has supported both in their initial stages and in their consolidation and expansion phase, and in industrial and service sectors.

Recently, it has invested in the company Rotecnaa world leader in the design, production and marketing of plastic products mainly applied to equipment for pig farms. With more than 25 years in the market, this company is starting a growth plan with the launch of new products and business lines.

Deltalab is one of Europe's leading companies in the design and manufacture of single-use laboratory products such as tubes, swabs, tips, pipettes and containers. Talde had already participated in Deltalab in 2009 and now wants to continue supporting its expansion. In the period 2007-2015 the company has almost doubled its turnover from €18.8M to €33.2M.

Technological operations carried out by Gestión Capital Riesgo in the Basque Country 2016

In July Basque Fund invested in ISETIC Technology, a technology startup that was created in 2014, thanks to the Basque Government's entrepreneurship grants through the SPRI Group, with the aim of responding to the new needs of Industry 4.o. Isetic's services include monitoring, management and automation, related to ICT systems, advanced industrial manufacturing processes (IIoT), machinery and next-generation "Things" (IoT) and Smart Cities.

Another investee of the same fund this year is  Intelligent Parking, dedicated to parking management, both for cars and bicycles, and access control for homes, accommodation and offices.

Inteliigent Delivery has also received €300,000 through the Basque fund. This company is dedicated to providing an innovative Hapiick parcel service, which offers delivery through automated terminals and already has 1,500 users.

Success stories from the participation of a fund from the Basque Country: Ticketbits and Enigmedia

In this first half of the year we have also met Basque companies, which started a few years ago with the support of Basque funds and which have now received larger rounds and have expanded internationally.

Ticketbit is a clear example. The online ticketing company closed a round in 2009 in which Seed Capital Bizkaia participated. After closing larger rounds of up to €5M over the next 5 years, in 2016 it was sold to the giant Ebay for a price of $165M.

 

Another success story is Enigmedia, a young cybersecurity company that started out with a stake held by Seed Guipuzkoa and thanks to the Basque Government's entrepreneurship grants and has just closed a €1.5M round led by Alma Mundi Innvierte Fund.

 
If you are looking for investors, you want to buy or selling a company or are you thinking of making a R&D project  Contact us, Abra-Invest has a team of experts in alternative financing at your disposal, call + 34 946424142 or fill in the contact form.

Other posts that may interest you

Wallapop, Letgo and HallStreet: M&A Spanish companies to gain strength in international market

Diversion of venture capital in Spanish companies: Tyba and Otogami

Lastest news

Latest transactions in the Enterprise Software sector

In the competitive world of technology, enterprise software transactions are critical to driving growth and innovation. These enterprise software transactions enable companies to strengthen their position in the marketplace....

Latest transactions in the Digital Services sector

In the dynamic world of digital services transactions, strategic mergers and acquisitions play a key role in driving innovation and growth in various technology industries. In the course of this article, we will explore the...

Latest transactions in the Industrial Technology sector

The dynamic Industrial Technology M&A sector is undergoing a transformational phase, highlighted by strategic moves that redefine the global business landscape. These transactions in the Industrial Technology sector not only reflect adjustments in...

Do you want to sell or buy a company?

We are experts in M&A transactions in the technology sector.

Subscribe to our newsletter

Request for information

If you want to buy or sell a company, or need more information about our services, do not hesitate to contact us through the form.

Or if you prefer, call us at:

+34 946 42 41 42