Verse, Satlantis, Untruck young Spanish companies receive investment for growth

, , ,
Integral service around a transaction
BY : Diego GutiérrezNovember Wed, 2016
In the last month we have seen Spanish technology companies in potential niche markets that have decided to count on the support of venture capital to grow and be able to compete internationally. From fintech applications such as Verse, to space imaging companies such as Satlantis.

startup investment spain


Verse raises €7.6M in second investment round

See a startup founded less than a year ago by three twenty-something Catalans. The company, which makes it possible to transfer money by simply associating the recipient's card number, typing in the amount and selecting the contact in the address book, promises to be a benchmark in the world of Fintech worldwide.

Verse is only 8 months old, has achieved almost half a million downloads between Apple's App Store and Google Play and handled several million dollars in transactions.

The round was led by Spark CapitalOther investors that have participated include US VC eVentures (with Idealista co-founder and former Google and Yahoo co-founder Bernardo Hernández at the helm), and the firm Greycroft Partners. Moreover, according to sources in the know, Paypal wanted to enter, but in the end it has not done so, is it waiting for the company to grow and buy it at that time?

For the time being, the 8.3 million will be used to think (a little more) big: increase the current staff of 12 employees, grow internationally and compete head-to-head with Twyp, Stripe or even Square, the mobile payments company of Jack Dorsey, co-founder of Twitter, which has recently landed in Europe.

Getting the round was no easy task, these 20-year-olds have had months of negotiation and many trips to San Francisco to get the funding, which at first seemed very difficult.

Satlantis receives €2.2M round to take photos from space

Satlantis is a Spanish company, based in Bilbao, which is developing cameras, little bigger than a shoebox, which, when integrated into nanosatellites, make it possible to obtain images of the Earth's surface in real time with a high image resolution. These devices have the advantage of being able to send photographs every 15 to 20 minutes. This is a breakthrough compared to traditional satellites, which send images back to Earth at most once a day.

The applications of this technology, which, as Satlantis CEO Juan Tomás Hernani points out, seeks to "democratise space", are vast and range from monitoring car parks in large shopping centres to monitoring maritime traffic or even controlling large migratory flows.

 Telefónica, Everis-NTT group, the engineering firm Idom and the Basque venture capital firm Orza have participated in the €2.35M round. They have also taken part in this round capital increase institutions such as Axis (the ICO's private equity fund management company), through the FOND-ICOpyme fund, and the Basque Government and the Provincial Council of Bizkaia, which, through its venture capital is have supported the development of a new factory for the firm in Bilbao.

Untruck receives €2M, for road freight transport

OnTruck, the first professional marketplace for road freight transport, which was born with the vocation of becoming the Uber of regional freight transport for companies.

This company has just received €2M, in a round in which important investment funds in the European system have participated: Point Nine Capital, based in Berlin; the British fund Local Globe, and the Spanish Samaipata Ventures, led by José del Barrio.

For the time being, OnTruck, which focuses on regional service, operates in Madrid and Barcelona, within a radius of 150 km for each of these locations, although it plans to open for business in Valencia in two months and to expand to the UK and Germany in less than a year's time.

"The apps that facilitate the management of freight transport are being welcomed in the market, recently, we have met companies like Icontainers, which have closed rounds for more than €5M" says Diego Gutiérrez, an expert in corporate finance.

Other posts that may interest you

GfI buys Spanish BPO specialist Efron Consulting

Tecnocom's turnover has grown by 5% so far this year and its shares have appreciated by 197%.

If you are looking for investors, o you want to buy or selling a companyPlease contact us on +34 946424142 or fill in the contact form.

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?