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The Venture Codex

Fundación José Manuel Entrecanales

Avenida Europa 10, EDIF ACCIONA, Alcobendas, Madrid, 28108, Spain

Overview

Fundacion Entrecanales Venture Capital aims to promote the economic development of Spanish society through innovation and entrepreneurship. The company supports top entrepreneurial projects by providing private capital and collaborating with venture capital entities to offer investment opportunities, support company follow-up, and empower employees.

Total investments
5
Lead investments
1
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Job&Talent

    Participated · Series A · May 2015

    Jobandtalent operates an AI-enabled marketplace that matches hourly and temporary workers with employers across sectors such as logistics and retail. The company says it has placed more than 300,000 workers at over 3,250 companies and runs operations in 10 countries across Europe, the U.S., and Latin America. Its core product combines a marketplace with AI tools to improve matching and fill rates for short-term roles. Jobandtalent is leaning into AI by building a suite of agents to automate recruiting and other functions, starting with Clara, a recruitment agent tested with clients. Management plans to use new capital to scale internationally and to roll out additional AI-powered agents this year. The company faces macro headwinds in a softer Eurozone labor market and uncertainty about AI's net impact on human jobs, which informs its current strategy and fundraising posture. Jobandtalent is a digital temporary-work (ETT) platform that began as a job board and pivoted to matching candidates and employers through its technology. The company pursued rapid international expansion, acquiring roughly a dozen to fifteen competitors and making the US its third-largest market by revenue. It reported revenues of €1,900 million in 2022 (up from €360 million in 2020) and closed 2022 with a positive EBITDA of €19.5 million after a negative first half. Jobandtalent invested more than €450 million in the two years prior to 2023 to support expansion and product development. Its financing strategy has shifted from venture debt (2017–2020) to growth debt (2021–2024) and the company says it plans to move to more traditional financing with more favorable terms. Jobandtalent operates a temporary job platform that matches people with work across multiple countries. The company was co-founded in 2009 by Felipe Navio and Juan Urdailes and is based in Madrid, Spain. In 2021 it placed over 200,000 people into roles at more than 2,000 companies across nine countries in Europe, Latin America and the USA. Jobandtalent received a $250M debt facility to strengthen its financial position. The company intends to use the funds to build out financial products for workers, including enabling daily payments and free early access to wages in most jurisdictions, and to support expansion into new markets. This financing follows a $500M Series E closed in December 2021 led by Kinnevik that valued the company at $2.4B post-money. Jobandtalent operates a workforce-as-a-service marketplace and digital temping agency that uses AI to match workers to casual labor gigs in manufacturing, warehousing, e-commerce and logistics. The company directly employs temps and provides an app to apply for roles, manage paperwork, sign contracts and receive pay, and offers benefits such as pensions, sick and holiday pay, health insurance and training. It runs in nine markets including Spain, the U.K., Germany, France, Sweden, Portugal, Mexico, Colombia and the U.S., and counts more than 1,300 client companies including DHL, FedEx, XPO, eBay and IKEA. Operating metrics cited include matching over 100,000 workers to roles in the first nine months of 2021, an average worker NPS of 56 (versus an industry average of 18), a 130% annual growth rate, EBITDA-positive since H2 2020, and an annual revenue run rate above €1 billion. The company says it offers greater stability for temps via an AI-aided pipeline of consistent work and by simplifying back-office functions for employers. Jobandtalent plans to use new funding to accelerate expansion—particularly in the U.S.—significantly grow its tech and sales teams over the next two years, and add key executive hires to scale operations. Jobandtalent operates a dual-sided marketplace that matches temps with employers across e-commerce, warehousing, logistics and manufacturing. Its platform uses learning algorithms to match workers with jobs and provides a CRM for employers with analytics to monitor workforce performance, plus payroll and administrative tools. The company also markets benefits to temps — including pensions, sick and holiday pay, health insurance in some markets and training — and aims to provide continuous employment through consecutive temp roles. Jobandtalent says more than 80,000 workers used its marketplace in the past year, its website lists 10M+ registered users, and over 850 companies including XPO, Ceva Logistics, eBay, Ocado, Sainsbury’s, Bayer and Santander have used the platform. Financially it reports growth from a €5M revenue run rate in 2016 to €500M in 2020, a positive EBITDA and year-on-year growth above 100%. Founded in 2009, the company is preparing to enter the U.S. market within a year and is also eyeing expansion into Italy and the Netherlands.

  • Playspace

    Led · Equity · Jan 2015

    Playspace develops and operates a multiplatform portfolio of 15 social games across web and mobile. Cofounded in 2011 by Alfonso Villar and incubated/accelerated by Mola.com, the company reports more than 15 million registered users in over 10 countries and has about 30 employees. Its product offering spans multiple platforms and markets. Through the media-for-equity agreement it seeks to consolidate its position in the national market and reinforce international expansion. The company’s shareholder base includes venture firms PeopleFund, JME Venture Capital, Faraday Venture Partners, Mola.com, and a stake held by the management team. The article does not disclose revenue, valuation, or transaction size. PlaySpace is a Spanish developer focused on social and casual games, bringing familiar titles such as dominoes and Bingo to Facebook, iOS, Android and the web with colorful, distinctive art. The company serves more than 10 million registered gamers and reports about 1 million monthly active players, supported by a team of 25 employees. It closed a $1 million funding round led by the José Manuel Entrecanales Foundation with participation from returning investor Faraday Venture Partners, bringing total investment to $3 million. With the new capital, PlaySpace plans to expand its mobile efforts and increase focus on smartphone platforms. The company also intends to establish its games in the United States and in growing markets across Latin America. Leadership highlighted investor confidence: the foundation's director said he was impressed by PlaySpace's recent results. PlaySpace builds social and multiplayer games targeting Spanish and Portuguese speakers, with titles on Facebook and the Spanish network Tuenti. Its portfolio includes Parchis, Dominos, Luno, La Oca, Bingo and Chinchon and it monetizes via a freemium model with virtual currency and in‑game purchases. The company reports 3 million users and says it is the fastest growing developer in its target markets. PlaySpace plans to expand its portfolio to iOS and Android and to launch new games. The new capital will be used to improve product development and to support international expansion into the U.S. and Latin America.

  • Saluspot

    Participated · Equity · Feb 2013

    Saluspot is a Spanish startup operating an online community where colegiado (licensed) doctors advise and answer anonymous, free user consultations. The platform hosts thousands of registered medical professionals across Spain and Chile and has become a leading Spanish‑language medical community. Saluspot’s core product is the interactive portal that matches users’ health questions with certified physicians. Leadership is listed as Gonzalo Castellano and Philipp Hasskamp. Telefónica’s strategic investment is intended to accelerate growth and support expansion into Latin America. The deal also positions Saluspot within Telefónica’s broader eHealth service portfolio. Saluspot is a Madrid-based web interactive health community where doctors provide healthcare advice to patients. The platform aims to streamline physician-user and physician-physician relationships by offering a place where each actor can find what they need. Founded by Gonzalo Castellano, Saluspot currently features 500 doctors on its platform. The company raised €1m in funding to support growth. It intends to use the capital to increase the number of doctors and expand in Spain and other countries. Saluspot is hiring to support these expansion efforts. Saluspot is an interactive health community designed to streamline doctor–user and doctor–doctor interactions via a single platform where participants can find their needs in one place. The service aims to make medical Q&A and professional connections more efficient for patients and clinicians. It is led by entrepreneurs Gonzalo Castellano and Philipp Hasskamp, who previously founded Citydeal and sold it to Groupon in May 2010. The company was at an early stage at the time of the article and had entered an initial FFF (Family, Friends and Fools) funding round. No operating metrics or financing totals are reported in the article. The founders’ prior exit underpins investor confidence in the team’s ability to execute the model.

  • biicode

    Participated · Equity · Nov 2012

    BiiCode is a Madrid, Spain-based cloud provider that has developed a software development tool for more efficient source code management. The tool is designed to save time and costs during the development of computer solutions. The company is a spin‑off of Universidad Politécnica de Madrid and is led by CEO Manuel Arrufat and CTO Diego Rodríguez‑Losada. BiiCode is currently hiring programmers and software engineers. The company raised €300K in funding from several backers.

Team

No current team members are available.