The Venture Codex Logo

The Venture Codex

Backfund

Madrid, Community of Madrid, Spain

Overview

BackFund is formed by various individual investor to support start-ups in Europe and in Spain.

Total investments
3
Lead investments
1
Investments · 12mo
0
Active investors
3
Visit website

Investment portfolio

  • Imageryst

    Participated · Equity · Mar 2024

    Imageryst is a SaaS platform that uses artificial intelligence and remote sensing to extract geospatial information from satellite images via an intuitive user interface and a powerful API. The product makes geospatial data accessible to users of all technical levels and can identify elements such as buildings, roads, parcels and vegetation. Its solutions have been adopted in sectors like renewable energy for use cases including grid monitoring, risk prevention, solar-panel siting, construction monitoring, and maintenance of solar and wind farms. Clients include energy companies such as Iberdrola and technology/innovation firms like Solum. The company, based in Oviedo, is a little over one year old and has experienced promising growth. Imageryst plans to use its recent financing to strengthen its national position, expand into international markets, and explore additional sector use cases.

  • NUWE

    Participated · 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.

  • Ordatic

    Led · Equity · Nov 2021

    Ordatic is a Valencian startup offering a SaaS platform that aggregates delivery orders from multiple online channels and reflects them automatically in a restaurant's POS. Its software removes the need for separate tablets per delivery platform, reduces manual entry errors, and lets restaurants modify prices, change product images, and block availability across platforms from one place. The platform can also forward orders to a third‑party delivery provider when restaurants outsource logistics. Ordatic reports presence in Chile, Colombia, Costa Rica, Ecuador, Spain and Mexico and has integrated with more than 25 partners. The company plans to use new funding to consolidate operations, expand into additional Latin American and European markets, and develop new integrations to its platform to improve the user experience.

Team