The Venture Codex Logo

The Venture Codex

Asterius

Madrid, Spain

Overview

Asterius is a venture capital firm focusing on early stage investments and financial services for developing organizations.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
0

Sector focus

  • Financial Services
  • Venture Capital
Visit website

Investment portfolio

  • NUWE

    Led · Equity · Feb 2023

    NUWE offers a gamified hackathon-style platform of coding challenges designed to help companies identify, engage and hire technical talent. The product is aimed at improving candidate assessment and employer hiring experience compared with conventional technical interviews. NUWE was founded in 2021 by four university-connected founders and currently has a 12-person team across technology, product, operations and sales. Its client list includes Schneider Electric, Oracle, Mobile World Capital and CaixaBank, and the company also participates in socially oriented tech events with the Red Cross and The International FemHack. The startup plans to use new capital to continue developing new products and to scale its sales and engineering teams. The company positions itself as a solution for talent retention and technical recruitment in the HR sector.

  • Okticket

    Participated · Equity · Jan 2023

    Okticket provides a digital platform that automates the full process of professional travel expense management, from payment and digitization to validation, control and ERP integration. The company emphasizes product quality and fast digitalization to improve customer experience. Okticket was founded in October 2017 and has pursued steady, capital-efficient growth, including through the pandemic. In 2022 it doubled its number of customers and subscription contracts. It currently serves more than 500 clients and has over 100,000 users across Spain, Portugal and France, from SMEs to multinationals such as Manpower, Orange, Central Lechera Asturiana and BASF. Management plans to use new capital to accelerate internationalization, add sales staff and continue product improvements, and expects to double sales in 2023. Okticket, founded in October 2017, provides a platform to digitize and manage business travel expenses end-to-end, from receipt capture to validation, control and ERP integration. The company emphasizes a powerful real-time data-extraction/recognition engine and offers bidirectional integrations with major management tools. It provides a free tier for sole traders and micro-SMEs of up to five users. Okticket reached break-even without prior external funding and continued growing in 2020 despite the pandemic's impact on business travel. The platform reports more than 70,000 users and over 3,000 client companies and is active in Spain and Portugal. The company plans to enter additional European markets during 2021 and will use the new funding to accelerate growth. Okticket provides a digital expense management platform focused on user experience, using an in-house optical character recognition engine to automate notes de gasto and invoice digitization. Its software is homologated by the Agencia Tributaria, giving digitized documents the same legal validity as paper originals. The platform supports bidirectional integration with ERPs, accounting modules, BI systems and payment methods to fit into corporate tech stacks. As of the article, Okticket serves more than 50,000 users across 2,500 companies. The company is pursuing international expansion (already active in Portugal) and plans short-term growth that includes the creation of about 20 jobs. Financially, it secured support to improve its technology and back its expansion initiatives through regional public financing.

Team

No current team members are available.