Participated · Series A · May 2023

Jotelulu is a Madrid-based platform founded in 2020 that helps IT companies transition into cloud service providers and makes cloud services accessible and manageable for SMEs. Its centralised platform handles technical, administrative, and commercial processes, including provisioning servers, ensuring business continuity, and enabling seamless communications. The company works with over 1,000 IT partners across Spain, Portugal, and France to deliver tailored cloud solutions. Jotelulu has invested in building its own infrastructure to provide greater independence from hyperscalers and to deliver bespoke mobility, security, and AI-driven tools for SME needs. The new capital will be used to accelerate international expansion across Europe and into Latin America and to further develop its product offering. To date the company has raised nearly €12 million and secured €6.8 million in the current round to support growth. Jotelulu provides a white-label platform that bundles the tools IT companies need to sell and manage cloud services end-to-end, including marketing materials, documentation, legal contracts and invoicing. The company was founded in 2018 by CEO David Amorín, who converted his own IT business into the platform after facing difficulties selling cloud to SMEs. Its solutions are already used by over 3,000 SMEs and 10,000 total users across Spain and Portugal. Jotelulu focuses on onboarding SMEs to the cloud via the trusted local IT partners that serve them, allowing those partners to bundle services and improve margins. The company plans to use the new funding to accelerate expansion into France and beyond and to drive cloud adoption among European SMEs. The platform positions itself as an alternative to relying on major cloud infrastructure providers by enabling local IT companies to sell branded cloud offerings. Jotelulu is a Spanish startup (founded in 2016) that provides a cloud services platform enabling small IT companies to become branded cloud providers for micro and small businesses. The platform centralizes sales, technical, administrative and legal processes and uses a pay-per-use model so IT firms can register clients and provision services under their own brand and pricing. Jotelulu plans significant product development, adding services such as a virtual PBX and online backup, increasing functionalities and strengthening security. The company grew more than 200% in the prior year, reported sustained monthly growth near 20%, and expected to double revenue in 2021. Its stated market approach is to consolidate in Spain first, begin internationalization in Europe in early 2022, and then expand to LATAM.

Participated · Equity · Jun 2020

Declarando is a Spanish fintech focused on automated fiscal and advisory services for autónomos, covering tax, accounting, financial and labor needs. The platform automates tasks such as expense accounting, tax filings and the income tax declaration, and claims clients can save up to €4,000 annually. The company has collaborated with more than 40,000 autónomos and employs a team of about 40 people. Declarando is developing personalized recommendation systems for products like insurance and pension plans tailored to each client. The firm plans to use product development to reduce the time clients spend managing their business and to consolidate its position as the leading advisory for autónomos in Spain. It intends to begin internationalization by entering Mexico at the end of the year. Declarando provides a virtual tax advisor and online platform that guides freelancers through registration, accounting, quarterly tax filings and personalised tax advice. The service identifies deductible expenses and claims savings of up to €4,000 per year for users. Paid plans include automated accounting and personalised advice, with pricing from €33 to €139 per month. The startup is based in Castellón de la Plana and was founded in 2015. It already serves over 20,000 users and is growing at roughly 15% per month. Declarando planned to close 2018 with turnover of over €200k and expected to increase that figure by a factor of five in 2019.

Participated · Equity · Nov 2013

The Mad Video develops solutions to integrate tagging functions into online videos for advertising and informational purposes. The company keeps its R&D and engineering team in Madrid while placing management and commercial operations in the US, following an "Israeli model" for growth. It was co-founded by Koldo García and Iñaki Arredondo and is headquartered in San Francisco with a base in Madrid. The company has about 15 employees across the US and Spain, including a 10-person engineering team in Madrid. After closing a second financing round in 2013, management stated an objective to open a round larger than €3 million. The firm expected to reach breakeven at the start of 2015. TheMadVideo.com provides an interactive video platform that aims to add value to video content by making any moment taggable and shareable. Features include micro-tagging, a tag gallery, automatic scene detection, embedding and sharing, and engagement tracking. The company originated in Madrid, Spain and is based in San Francisco, CA. It has just launched the platform out of beta. TheMadVideo.com raised $500K in seed funding and intends to use the proceeds for product development and partnerships. Backers were not disclosed in the announcement; no operating metrics or prior rounds were mentioned. Led by CEO Koldo García, The Mad Video provides an online tool that tags and adds rich content to any object displayed in video, enabling clickable elements and monetization. The platform lets users tag products, places or people with features such as extra information, e-commerce links and ads. The company has offices in Madrid and a U.S. office in San Francisco. It closed $585K in angel funding to advance its product. The startup intends to use the funding to finalize the beta version of its solution and to expand in the USA. No revenue or user metrics were disclosed in the article.