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The Venture Codex

Gate 93

San Francisco, California, United States

Overview

Gate 93 is a US-based strategic investment fund targeting successful early stage companies. They focus on bringing our extensive experience in Silicon Valley technology companies to early stage European and Latin American companies. They invest into early stage ventures and work side by side with founders to help them bring their company to the point where they become attractive to US investors.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • Consentio

    Participated · Equity · Feb 2020

    Consentio operates a web and app-based hortofructicultural marketplace launched in Barcelona to digitalize the food supply chain and optimize sales between producers, wholesalers and supermarkets. The platform aims to consolidate commercial relationships, increase sales, manage orders transparently and minimize errors to help reduce food waste. Consentio reports roughly 7,000 members and 145,000 product references on its online portal, and says it has tripled orders to a volume of 140 million over the past year. The company intends to expand its business in Spain, the U.S., France and the Netherlands and plans to grow headcount by 50%. Vincent Rosso, a French entrepreneur and BlaBlaCar cofounder, is CEO of Consentio and emphasizes sustainability and waste reduction as core priorities. Consentio is a technology platform for the fruits-and-vegetables supply chain that lets producers, retailers, cooperatives and wholesalers create product lists, share them, and manage orders from mobile or desktop. The platform hosts more than 25,000 product references and about 2,500 registered companies across more than 45 countries, with nearly half from Spain. Consentio reports a monthly growth rate of 14% and claims customers can achieve 25–35% higher selling efficiency while halving administrative tasks. The company was founded in 2017, employs a 14-person team and maintains offices in Mercabarna (Barcelona) and Madrid. The new €1.1M financing will be used to strengthen the technology team, consolidate growth in Spain and France, and expand into the Netherlands. Since inception Consentio has raised a total of €2.0M.

  • Vitcord

    Participated · Equity · Nov 2018

    Vitcord is a Barcelona- and Valencia-based company that provides an app for users to create and publish video stories, including debates, challenges, and event coverage. The app lets users respond with a video to an influencer or add to another user's story. It is available on the App Store and Google Play. In the last 12 months the app obtained 400k active users. The company intends to use new funding to scale up, improve the product and user experience, and prepare for future growth. Vitcord is led by CEO Adrián Domenech, and the round coincided with board additions Laura Gonzalez-Estéfani and Sebastien Lefebvre. Vitcord provides a social media app that allows young people to share memories collectively, including user-driven challenges like singing or event discussions. Founded in 2014 and accelerated by NUMA Barcelona, the company is based in Barcelona, Spain. Vitcord reported more than 100,000 users who produced 739,000 videos in the latest two months. The company had a nine-person team with plans to add five members by the end of 2017. After raising €750k, Vitcord intends to use the funds to establish its presence in Spain, Mexico, Chile, Argentina, Brazil, the Philippines and the United Kingdom and to hire international talent.

  • Spotahome

    Participated · Series A · Oct 2017

    Spotahome operates a 100% digital long‑stay rental platform that provides virtual tours (360° photos, floorplans and professional videos), online bookings without deposits and a guaranteed-rent product for owners. The company has built a portfolio of more than 150,000 properties across 28 countries and 100+ cities and employs roughly 120 people. Spotahome says it automated operations during Covid, doubled inventory and improved customer experience, which helped it return to profitability in Q3 2021 after the pandemic. At the close of 2021 the platform reported rental volume above $173M (€150M) and said it expects to at least double that figure in 2022. The company plans to use the new funding to consolidate growth in its eight main markets, pursue expansion across the 28 countries where it operates, and continue product development for owners and tenants. Spotahome operates an online platform that offers a hotel booking–like experience for renters seeking mid- to long-term accommodation. The service operates in 33 European cities and lists about 50,000 properties across Europe. It employs roughly 300 staff plus 120 freelance “homecheckers” who visit properties and create textual descriptions and video tours. For landlords the company provides tools to manage multiple properties, and it charges a fee split equally between renter and landlord (average fee under 9 percent). Founded in 2014, Spotahome has raised financing to support growth and recently purchased international student community Erasmusu. The company plans to use new funding to hire marketing and product development executives and is considering further acquisitions. Spotahome operates an online marketplace allowing users to view and book mid- to long-term accommodation, using in-person "Home checkers" to produce verified audio-visual listings. The company has built a library of more than 40,000 properties and operates in nine countries and 16 cities across Europe and the Middle East. Over the last three years Spotahome says it has generated more than €60 million in total contract value for landlords; it takes a fraction of that as revenue by charging a fee as part of collecting the first month’s rent. Founded in 2014 and headquartered in Madrid, the startup employs more than 200 people, most of whom work at its HQ. The €13.6M Series A will be used to expand in existing markets and to fund new product development aimed at digitising more of the real-estate experience, including services for tenants and landlords. The company emphasizes trust through in-person verification rather than a self-service content model to reduce risk for tenants booking properties they have not viewed. Spotahome is a platform that enables direct booking of accommodation for stays longer than one month. Founded in early 2014 by Alejandro Artacho and based in Madrid, Spain, it provides tenants with accurate property descriptions and photos so they can make informed housing decisions before arriving. For landlords it offers access to high-quality tenants who may be hard to reach due to communication and language barriers. As of the article, Spotahome had expanded to six cities across Spain and Italy. The company raised a pre-VC funding round (amount undisclosed) led by Charlotte Street Capital with participation from Gabriel Leupin and Howzat Partners. It is using the funds to expand operations and is hiring.

Team