Parlem Telecom is a telecommunications company that announced a financing agreement with Inveready. The company signed a term sheet to issue convertible bonds of up to €6,000,000. Proceeds are intended to accelerate both organic and inorganic growth. The issuance is structured in three tranches with specific maturities and conversion mechanics. The bonds include cash interest, a payment-in-kind (PIK) component, and a cap on total interest. The company will seek shareholder approval for the issuance with exclusion of pre-emptive subscription rights and the securities include covenants related to certain corporate decisions. Parlem Telecom is a Catalan telecommunications operator founded in 2014 that provides integrated telecom services for both consumers and businesses, operating from Catalonia and in Catalan. The company emphasizes proximity to customers and currently has three physical stores in Lleida, Reus, and Barcelona while planning to open dozens more across Catalonia. Parlem develops projects such as 5G pilots and Catalan-language artificial intelligence initiatives, and it is working on its own fiber infrastructure and tailored enterprise solutions through Parlem Empresas. To finance expansion and acquisitions, Parlem issued a €3M convertible bond led by Inveready, maturing in 2026; proceeds will fund territorial expansion and the acquisition of several small companies to bolster its enterprise offerings. The bond issuance is positioned as a precursor to a planned IPO on BME Growth to accelerate inorganic growth. Major shareholders — founder and CEO Ernest Pérez‑Mas, Ona Capital, and Inveready — together hold around 59% of the company's share capital, with about 30% held by other private and family-office investors and the remainder largely by small investors via The Crowd Angel. Parlem Telecom is a Barcelona-based telecommunications operator providing telecom services. The company closed a €2 million financing round led by several Catalan family offices with participation from crowd investors on The Crowd Angel platform. After the capital increase, the three largest shareholders are founder and CEO Ernest Pérez-Mas and the venture firms Ona Capital and Inveready, who together hold about 59% of the share capital. Parlem expected to finish the year with €10.5 million in revenue and about 50,000 contracted lines. The financing round was completed in ten days, reflecting rapid investor demand. Parlem is a Catalan telecom operator founded in 2014 that aims to become the fourth operator in Catalonia. The company offers consumer carrier services, operating over the networks of Jazztel, Orange and MásMóvil to reach roughly 250,000 households, and is focused on Catalonia with plans toward Valencia and the Balearic Islands. Parlem had 24 employees at the time of the report. Financially, it reported 2016 sales of €1.3 million, negative EBITDA of €1.47 million and losses of €1.1 million, and it forecasted about €3 million in sales for 2017. The business has relied on venture capital and crowdfunding to support growth. Parlem is a regional telecom operator founded in 2014 and based in Barcelona that targets becoming the fourth operator in Catalonia while eyeing Valencia and the Balearic Islands. The company runs services over the networks of Jazztel, Orange and MásMóvil and reaches approximately 250,000 homes. Parlem projected revenue of €1.7 million for the current year and forecasted €11 million in 2017. At the time of the report it employed 24 people with plans to expand to 90 by the end of 2017. The company planned a further capital increase by year end to support growth and expansion.

Total raised

$15M

Funding rounds

5

Latest round

Convertible Note

Latest activity

Jun 2022