Tropicfeel continues its expansion by raising €3.4 million

, ,
Integral service around a transaction
BY : Diego GutiérrezJuly Wed, 2019

The recent financing round closed by Tropicfeel highlights the great success experienced by this young Barcelona-based firm dedicated to designing and manufacturing waterproof shoes for travellers. In this post we analyse the case of this Spanish startup from a corporate finance point of view.

Cónoce a Tropicfeel

Tropicfeel was founded in 2017, after a trip between four friends where they saw the need for specific footwear for travellers. In this way, they set out to to make a shoe that could provide the benefits of all the slippers, flip-flops and boots that people usually travel in..

In this way, after visiting different shoe factories to understand the manufacturing process and starting their own production in Vietnam, they managed to sell a run of 1,500 pairs. In this way, they were able to launch waterproof, comfortable shoes for walking in the mountains or on asphalt, and aesthetically pleasing. In short, a versatile, all-in-one shoe for travellers.

Tras una primera ronda de crowfunding en Kickstarter donde consiguieron un total de 2.1M€ en tan sólo 50 días, a pesar de haberse marcado un objetivo de 12.000 €, recientemente Tropicfeel inició una segunda ronda de financiación. Esta vez a través de Indiegogo, han logrado reunir más de 3.4M€ to continue its expansion and start a new production to offer its footwear in its e-commerce by the end of the year.

Other sector rounds:


BauBax is a company that seeks to to meet the needs of tourists with specialised clothing. In this way, it offers a jacket that allows through its different pockets to store everything necessary for travel, as well as to carry the different gadgets of the users. In addition, they have recently launched trousers that, thanks to the materials used, provide comfort and elegance while being suitable for both summer and winter.

In the last year they have launched a crowfunding campaign where they have managed to raise a total of more than 1M€ to finance the new products. Previously they managed to raise around €8m also through crowfunding.


Baboon to the moon is a U.S. company engaged in the design and manufacture of modern, waterproof, tear-proof and heavy-duty backpacks and suitcases. Its business model is aimed at adventurous travellers and all types of travel.

They have recently closed a financing round of around 2.5M€ in order to boost its business and continue its growth.

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?