Participated · Series D · Jul 2024

Exoticca operates a traveltech platform that digitizes and sells complex multi-day tour packages combining flights, hotels, transfers and activities across 70+ destinations. The company is investing heavily in its proprietary AI-powered interconnectivity systems to synchronize services, personalize recommendations, optimize pricing and automate itinerary creation. Management says these AI capabilities improve matching between travelers and experiences while boosting operational efficiency and partner relationships. Exoticca is present in markets including the United States, Canada, United Kingdom, Spain, Australia, Colombia and Mexico, and generates more than 75% of its business in North America. The company positions itself as a digital pioneer in the €100 billion multi-day tour package sector and is a portfolio company of several venture funds. Recent financings have strengthened its balance sheet to support further international expansion and technology investment. Exoticca runs a platform that integrates flights, hotels, meals, transfers, transport and local suppliers to simplify booking of complex multiday tour packages. The company says its model can reduce costs by as much as 30% compared with traditional offerings. Exoticca reports it has more than doubled sales year-over-year since 2015. It operates in the United States, Canada, United Kingdom, France, Germany, Spain, Mexico and Colombia through a network of online and offline travel and non-travel partners and offers 70 destinations from its Barcelona headquarters. Seventy-five percent of its business comes from the U.S. and Canada and the company targets middle- and upper-middle-class customers. Management says the objective is to expand into Latin America, the Middle East, India and China. Exoticca digitises high-complexity, big-ticket tours (multiple flights, hotels and activities) and offers them completely online with real-time availability, removing traditional brick-and-mortar intermediaries. Its platform speeds up purchasing and helps deliver more affordable prices for large trips. The company has expanded into Latin America, recently opening Mexico and Colombia, and plans to launch five more markets in the region by 2024. Exoticca reports rapid revenue growth: from €2 million in its first year (2015) to €200 million in 2023, and it expects to reach €300 million in sales by the end of 2024. To date the company has raised over €85 million in funding. Management positions the business for continued geographic expansion using digital distribution to scale. Exoticca, founded in 2013 and based in Barcelona, is a next-generation tour operator that enables online booking of complex multi-day trips by bundling flights, hotels, transfers and activities in one platform. The company uses technology to deliver a frictionless purchasing experience, real-time monitoring and enhanced in-destination customer support. It currently sells trips to over 60 destinations across seven markets (US, Canada, UK, France, Germany, Spain and Mexico) and recently launched a B2B vertical for traditional travel agencies. Exoticca has reported sustained growth with an average compounded growth rate of over 100% since 205 and expects to close 2022 with €120 million in revenue. The platform raised a €20 million venture debt financing led by Claret Capital Partners and Sabadell Venture Capital, bringing the company's total funding to €66 million. Proceeds will be used to accelerate growth, increase investment in technology and product, and support expansion into the Americas. Exoticca operates a digital platform for multi-day package tours to long-haul destinations, enabling online purchase of complex packages with flights, hotels and activities. Its platform covers over 50 destinations worldwide. The company is based in Barcelona and currently operates in the United States, Canada, the United Kingdom, France, Germany and Spain. Led by CEO Pere Vallès, Exoticca plans to use new funding to invest in technology and product to further automate the booking process and enhance travelers' experience. The company is also open to growing through acquisitions. Financially, Exoticca has raised a total of $53M to date after closing a $30M Series C.

Participated · Series A · Feb 2024

Power provides a patient-friendly platform aimed at improving access to clinical trial studies. Its proprietary AI translates medical jargon from trial descriptions into clear, accurate language and links patients with researchers to assess eligibility. The database already covers more than 30,000 clinical trials, 100,000 researchers and 10,000 medical conditions. Management expects the platform to serve over 500,000 patients in 2022. The company’s near-term focus is to broaden patient access and increase diversity within trials, goals that will be supported by its recent capital infusion. No revenue figures were disclosed in the article, but the scale of user engagement indicates early traction for the service.

Participated · Series G · Jan 2023

Wallapop operates a consumer-facing marketplace that facilitates the reuse and resale of products, positioning itself as a leading reuse platform in Southern Europe. The company plans to continue internationalization and to capitalise on the growing market for reused products, particularly across Italy and Portugal where it has recently expanded. Wallapop closed its last fiscal year with around €91 million in revenue, a 26% increase from €71.6 million the year before, and reports a 355% revenue increase since 2019. The platform says it has grown from 170,000 users at founding to more than 19 million users today; users have given second chances to over 640 million items and the site generates roughly 100 million listings annually. Its app has accumulated more than 7.5 million downloads in Italy (with traffic growing 67% year-over-year) and more than 1 million downloads in Portugal. Founded in 2013, Wallapop aims to consolidate its leadership in the reuse market in Southern Europe. Wallapop operates a localized, consumer-focused classifieds marketplace that emphasizes reuse and the circular economy. The app pairs buyers and sellers and has added services such as Wallapop Envíos (an end-to-end shipping service) and subscription offerings for professional sellers. The company plans to invest its latest capital into operations in Spain, Italy and Portugal and into data science and R&D to improve discovery and personalization. Wallapop reported 2.4 million downloads in H1 in Italy and a 600% increase in cross-border activity between Spain and Italy in that period. For 2022 it posted €72 million in revenue, up 40% year-over-year; Wallapop Envíos revenue rose to €32 million from €17 million, and subscription revenue reached €10 million (from €6.7 million in 2020). The platform counts 15 million monthly active users and 100 million listings (aggregate over the year). Wallapop is a Barcelona-based virtual marketplace that enables people to resell used items and sell handmade crafts. The company has focused on improving its core peer-to-peer experience rather than expanding into retail, food, video, or other digital services. It has built out a shipping service called Envios to enable national deliveries; roughly 20% of goods currently move through Envios and the company plans to double down on that and related services. Wallapop reports about 15 million users, roughly half of Spain’s internet population, and has maintained a No. 4 ranking among Spain’s shopping apps. The business saw strong recovery and growth during 2020, including a 40–50% year-on-year bounce in June, trends the company says have continued into 2021. The new funding will be used to grow the infrastructure that underpins the service and expand the number of people using the platform. Wallapop is a mobile marketplace that connects buyers and sellers of second‑hand items using geolocation. Founded in October 2013 by Agustín Gómez, Gerard Olivé and Miguel Vicente, the Catalan startup operates in Spain, the UK, France, Portugal and Mexico. The platform moves more than 10 million per month in transactions and employs around 50 people. With the new funding the company plans to reinforce its presence in the markets where it is active and to expand efforts, notably toward the United States. After the round the company is reported to be valued at about €78 million. The deal is also expected to bring changes to the board with Insight Venture Partners joining. Wallapop is a Catalan mobile app that operates a marketplace for second‑hand goods. The company was founded in October 2013 by Agustín Gómez (CEO), Gerard Olivé, and Miguel Vicente. It operates in Spain, the UK, France and Portugal. The app reports an inventory of items valued at €200 million and more than 3 million users. Earlier in the year Wallapop closed a €1.6 million round with investors including Caixa Capital Risc, Bonsai, Enisa, the Antal angel network, Esade Ban, and media groups Godó and Zeta, and Atresmedia invested in April. Accel Partners is leading a new financing that could exceed $6 million and is expected to become the company’s main financial partner, with other funds likely to join the round.

Led · Series B · Nov 2022

ResortPass operates a marketplace enabling users to buy day passes to more than 900 hotels and resorts, granting access to amenities such as pools, spas and fitness centers. The company also sells SaaS access-management and booking software to hotel partners to help manage day guests and amenity bookings. Since founding in 2016 it says it has matched 1.6 million guests with partner hotels and delivered over $1 million in new booking revenue to many individual properties. The business saw a 100% increase in gross booking volume in 2022 versus 2021 and reports it is not currently profitable. ResortPass currently operates primarily in the U.S. (35 states) with recent expansion into the Caribbean, Mexico and Puerto Rico. With new capital it plans to expand more fully across the U.S. and Caribbean in the short term and into Europe and the Asia-Pacific region longer term, while hiring across sales, marketing, product and operations.

Participated · Series A · Jan 2022

Mantra Health offers an integrated suite of digital and clinical mental health services for higher education, including teletherapy, telepsychiatry, crisis care, on-demand behavioral support, and wellness content. This month it launched Whole Campus Care, a turnkey offering that adds DBT self-guided skills, emotional wellness coaching, and 24/7 support, and integrated Togetherall’s moderated peer-to-peer community. The company’s DBT content was designed by Dr. Carla Chugani, its VP of Clinical Content and Affairs, and coaching services are positioned to boost engagement and outcomes. Mantra also continues to offer a Capacity Expansion clinical staffing product for college counseling centers. Its solutions have been deployed across more than 100 college and university campuses and serve more than 800,000 students; the company aims to provide digital and clinical services to 40 million young adults. Mantra was named a Rising Star by the 2022 UCSF Health Hub Digital Health Awards in Mental & Behavioral Health. Mantra Health operates a virtual mental health clinic focused on college and university students in the U.S., combining clinical services with software and design. Its program is deployed on 52 campuses and the company aims to reach more than 20 million university and college students through partnerships with higher-education institutions and health insurance plans. Mantra equips campus counseling offices with a dedicated psychiatry or therapy provider who works exclusively with the school, positioning itself as a digital extension rather than a replacement of on-campus counseling. The company is in-network with payers including Optum and Cigna and has launched an insurance referral pilot to route care through students’ insurance. Founded in 2018, Mantra has raised nearly $28 million to date and will use the latest funding to quadruple its team over the next 12 months while investing in its virtual provider group and clinical capabilities. It also plans to introduce new digital-first treatments, add specialties, expand its payment mix, and scale a diversity scholarship supporting marginalized individuals pursuing mental-health-related degrees. Mantra Health is a NYC-based digital mental health clinic that partners with higher education institutions and health insurance plans to deliver evidence-based mental healthcare via telehealth. The company integrates directly with on-campus counseling and health centers to expand services and make off-campus referrals tailored to student populations. Its program is deployed across 26 college campuses with more than 180,000 students enrolled. Mantra will use the $2M extension to continue expanding its network of psychiatric and therapy providers to all 50 states and to sign and support contracts with health insurance carriers. The company is led by CEO Ed Gaussen and COO Matt Kennedy and focuses on improving access to care for young adults. Total funding to date stands at $5.2M.