The Venture Codex

Participated · Equity · Feb 2021

Kubbo is a technology provider for eCommerce logistics that offers order preparation, same-day and next-day delivery, personalized order handling, and customer service for incidents and returns. The company was founded in 2019 by Eric Daniel Fernández and Víctor García Pujol and is based in Barcelona. Kubbo says it has seen strong adoption by brands and eCommerce companies and positions itself as one of Spain’s more innovative logistics startups. The startup plans to continue developing new functionalities for its logistics management software and to expand its network of strategic partners nationally and internationally. Financially, Kubbo closed a second investment round of €1 million and has also secured a loan from ENISA to support team growth and geographic expansion into major Spanish cities. Kubbo is a Barcelona-based provider of fulfillment services and same-day, next-day and sub-2-hour deliveries for e-commerce. Founded in 2019 by Eric Daniel Fernández and Víctor García Pujol, the company operates multi-client urban warehouses where it prepares orders and manages last-mile deliveries. It offers integrations with major e-commerce platforms and a web application that allows clients to monitor inventory levels and order status from a single point. Kubbo plans to open new warehouses in six provincial capitals and to expand nationally during the year, with further expansion to other EU countries planned for 2021. The startup was one of two winners of the first PcComponentes Startup Booster program. Kubbo recently closed its first funding round, raising €266,000 from business angels led by Aurorial, with participation from Future One (Itnig), Successful Ventures and other business angels. The company will use the proceeds to deploy new locations, grow product, technology, sales and operations teams, add new features and broaden its service catalogue.

Participated · Series A · Nov 2020

Nemuru operates a SaaS platform that links banks, companies and consumers to generate and manage loans 100% online and across in-person, phone and online sales channels. The platform offers immediate loan generation of up to €30,000 repayable in up to 60 installments, with rates from a 5.95% TIN, and completes credit processes in around three minutes without manual document transfers. Its credit-risk engine uses machine learning and analyzes more than 1,000 data points (vs. typical models that use ~15 variables) to optimize risk classification and reduce fraud. Nemuru says its financing capability helps merchants close more and larger deals and can boost sales by about 30% for customers. The company is diversifying into education, automotive, health and sport sectors to expand addressable markets. As of the article, Nemuru reported cumulative capital of €4.35 million and the trust of over 600 businesses. Nemuru operates a technological platform for 100% online origination and administration of loans, matching self‑employed professionals and SMEs that do home renovations with customers who need financing. The tool allows professionals to offer flexible financing plans and to anticipate payment collection partially or fully so they can focus on the work. The company has worked with partners including Blue Dream Digital and Sabadell Consumer Finance. Nemuru was launched under the Antai Venture Builder umbrella and started with initial capital of €750,000. The business targets a niche in the fintech sector serving home‑improvement financing needs. It is based in the Pier01 de Palau de Mar offices in Barcelona.

Participated · Equity · Dec 2019

Hellotickets operates an online marketplace for tours and activities, offering about 5,000 experiences to customers in 15 countries. The company has evolved its business model and previously competed with global ticket platforms such as Ticketmaster, StubHub and Viagogo, and more recently with activity platforms like Civitatis, TripAdvisor and GetYourGuide. Hellotickets is headquartered in Madrid and employs around 25 people. Management says the second round brought in more Spanish corporate investors compared with its first round, which had U.S. and U.K. backers. The company planned to exceed €10 million in revenues in 2020 and expected to begin generating profits, targeting profitability by the end of the following year.

Participated · Seed · Jun 2019

Vottun has developed a blockchain platform capable of registering any type of data across sectors, guaranteeing traceability in business processes. The founders report the technology eliminates fraud and process errors, simplifies workflows and produces cost savings. The company currently has offices in Spain and the US and employs more than ten people. After the financing the three founding members continue to hold the majority of shares. Proceeds from the round are intended to consolidate the business model and accelerate growth in Spain ahead of a push into the North American market. Consulting firm Roca Salvatella will act as a prescriber for the platform.

Led · Equity · Apr 2019

Mr. Noow is a mobile app aimed at workers with limited lunch time that lets users discover nearby restaurants and place orders in advance for pickup or to dine in. The service reports thousands of users who use the app recurrently and says it can save customers up to 25 minutes. The platform already serves more than 300 restaurants across Madrid and Barcelona. Management says the company aims to become the default choice for office-area meals nationwide and will prioritize commercial expansion to reach that goal. To accelerate growth the company has completed fundraising activity and a recent capital increase. The financing will be used to support commercial efforts and to add more benefits for both users and restaurants. Mr. Noow operates a mobile marketplace that lets users discover, order, and pay at restaurants in their area. The startup launched its app in July 2017 and has processed over 10,000 orders through the app. It counts numerous affiliated restaurants in Madrid and Barcelona and is seeing growing interest from restaurateurs. The company will use the funds to develop new functionalities to improve the user experience and to invest in commercial efforts to increase the number of restaurants on its platform. Mr. Noow was selected in March to join Blackbox Connect, a Silicon Valley accelerator. The company is based in Barcelona.