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The Venture Codex

Nero Ventures

Avda. Diagonal 468, 9th Floor, Barcelona, 08029, Spain

Overview

Nero Ventures is a venture capital fund focused on investments in companies with technology-based services in growth stages of development. has a strong expertise in active management of investments. It invests in early stage and support companies all along their growth, helping create value through sectorial and technology specialization, and pan-European network. The company was established in 2014 and is based in Barcelona, Spain.

Total investments
6
Lead investments
2
Investments · 12mo
0
Active investors
3

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Signaturit

    Participated · Series A · Feb 2019

    Signaturit is a Qualified Trust Service Provider offering cloud-based eSignature, eDelivery and eID solutions that enable legally compliant digital transactions. Founded in 2013 and headquartered in Barcelona, the company serves over 2,500 customers in more than 40 countries and has processed 38 million signatures. The SaaS platform includes certified delivery and secure authentication to cover adjacent parts of the digital signature process. Signaturit employs around 100 people and was selected to participate in the EU Horizon2020 program. Since inception the company has raised more than €10 million in pre-seed and Series A funding from Spanish and international investors. With the new partnership, Signaturit plans product diversification, geographic expansion and strategic M&A while maintaining operational leadership under Co-Founder and CEO Juan Zamora. Signaturit offers a suite of cloud-based tools including electronic signatures, electronic registered delivery, electronic identification and qualified electronic time stamps that meet high legal and security standards. Led by CEO and co-founder Juan Zamora, the company focuses on managing contract workflows from creation through execution and compliance. It intends to develop an end-to-end contract automation platform to handle the entire contract lifecycle. Signaturit has incorporated machine learning for contract construction and blockchain-developed smart contracts for automating compliance and downstream administrative tasks. The company has built a customer base of more than 10,000 users across 40 countries, including clients such as Volkswagen, EY, Gartner, AXA, Banco Sabadell and Decathlon. The new funding will be used to further its technology, strengthen market leadership in Spain and extend its presence across other key European markets. Signaturit provides secure and legally valid electronic signatures and secure identification solutions. The company says it will use the €2.8 million raised in its second funding round to consolidate its position in the European market. It plans to incorporate new technologies to make its secure identification solution more user-friendly and to deepen integration with third-party services. Signaturit reports 10,000 clients and a team of 28 professionals. The company has offices in Barcelona and Amsterdam and is one of two Spanish companies to receive funding from the European Horizonte2020 program for innovative, high-potential companies. Signaturit, founded in 2013, offers a platform to request and perform electronic signatures with legal validity. The company reports about 2,000 clients across 40 countries. Its core product is focused on legally binding electronic-signature workflows for businesses. Signaturit was named the winner of Bbooster Week Tenerife. As a result, Bbooster Ventures (via its Bbooster Dyrecto fund) committed a €100,000 investment. The transaction was classified as a venture capital / business angels operation in the internet/IT sector. Signaturit is a Spanish platform that enables users and businesses to sign documents digitally without installing an additional application. The company serves roughly 1,200 clients across more than 100 countries. With the funds raised it plans to double its team and intensify commercial efforts across Europe. After the financing the founding team retained a majority stake in the company. Signaturit expects to benefit from the experience of its investors, who include executives from large Spanish, Russian and Italian multinationals. The startup was selected in 2014 by the BStartup10 high‑performance program.

  • Exoticca

    Participated · Series A · Jun 2018

    Exoticca operates a traveltech platform that digitizes and sells complex multi-day tour packages combining flights, hotels, transfers and activities across 70+ destinations. The company is investing heavily in its proprietary AI-powered interconnectivity systems to synchronize services, personalize recommendations, optimize pricing and automate itinerary creation. Management says these AI capabilities improve matching between travelers and experiences while boosting operational efficiency and partner relationships. Exoticca is present in markets including the United States, Canada, United Kingdom, Spain, Australia, Colombia and Mexico, and generates more than 75% of its business in North America. The company positions itself as a digital pioneer in the €100 billion multi-day tour package sector and is a portfolio company of several venture funds. Recent financings have strengthened its balance sheet to support further international expansion and technology investment. Exoticca runs a platform that integrates flights, hotels, meals, transfers, transport and local suppliers to simplify booking of complex multiday tour packages. The company says its model can reduce costs by as much as 30% compared with traditional offerings. Exoticca reports it has more than doubled sales year-over-year since 2015. It operates in the United States, Canada, United Kingdom, France, Germany, Spain, Mexico and Colombia through a network of online and offline travel and non-travel partners and offers 70 destinations from its Barcelona headquarters. Seventy-five percent of its business comes from the U.S. and Canada and the company targets middle- and upper-middle-class customers. Management says the objective is to expand into Latin America, the Middle East, India and China. Exoticca digitises high-complexity, big-ticket tours (multiple flights, hotels and activities) and offers them completely online with real-time availability, removing traditional brick-and-mortar intermediaries. Its platform speeds up purchasing and helps deliver more affordable prices for large trips. The company has expanded into Latin America, recently opening Mexico and Colombia, and plans to launch five more markets in the region by 2024. Exoticca reports rapid revenue growth: from €2 million in its first year (2015) to €200 million in 2023, and it expects to reach €300 million in sales by the end of 2024. To date the company has raised over €85 million in funding. Management positions the business for continued geographic expansion using digital distribution to scale. Exoticca, founded in 2013 and based in Barcelona, is a next-generation tour operator that enables online booking of complex multi-day trips by bundling flights, hotels, transfers and activities in one platform. The company uses technology to deliver a frictionless purchasing experience, real-time monitoring and enhanced in-destination customer support. It currently sells trips to over 60 destinations across seven markets (US, Canada, UK, France, Germany, Spain and Mexico) and recently launched a B2B vertical for traditional travel agencies. Exoticca has reported sustained growth with an average compounded growth rate of over 100% since 205 and expects to close 2022 with €120 million in revenue. The platform raised a €20 million venture debt financing led by Claret Capital Partners and Sabadell Venture Capital, bringing the company's total funding to €66 million. Proceeds will be used to accelerate growth, increase investment in technology and product, and support expansion into the Americas. Exoticca operates a digital platform for multi-day package tours to long-haul destinations, enabling online purchase of complex packages with flights, hotels and activities. Its platform covers over 50 destinations worldwide. The company is based in Barcelona and currently operates in the United States, Canada, the United Kingdom, France, Germany and Spain. Led by CEO Pere Vallès, Exoticca plans to use new funding to invest in technology and product to further automate the booking process and enhance travelers' experience. The company is also open to growing through acquisitions. Financially, Exoticca has raised a total of $53M to date after closing a $30M Series C.

  • Orain

    Led · Equity · Dec 2017

    Orain builds end-to-end electronic payment solutions focused on micropayments, targeting sectors that previously faced high commissions for low‑value transactions. Founded in 2016, the company offers a subscription-based commercial model that removes the need for an initial investment by customers. Its product suite is positioned to digitize small-ticket payments while preserving client profitability on each purchase. Orain highlights traction in verticals like vending, fuel stations and hospitality and was recently designated as an official payment method at the Qatar World Cup. The company plans to expand its product offering, increase investment in technology and grow both nationally and internationally across Europe, Latin America and the Middle East. Financially, Orain closed a €3M financing round to strengthen its structure and support this expansion and R&D agenda. Orain builds a platform to enable interaction between people and machines, beginning with integrations in vending machines and countertop coffee machines that allow users to pay via Bluetooth and a mobile app. The company was founded in 2016 and is headquartered in Barcelona. Its technology is already deployed in pilot systems across Italy, Germany, France, Belgium, Austria and the Middle East, and is available in companies such as Wallapop, Bershka, Bandit, Lefties, Grupo Zeta, Zara, Uterqüe, Banc Sabadell, Massimo Dutti, Oysho and Florette. Orain closed a venture capital/business angels round to fund continued technological development, further national expansion, and preparation for international entry. The company is negotiating with a strategic partner to secure an additional €300,000 of investment. No revenue or user metrics were disclosed in the article.

  • BoatBureau

    Led · Equity · Oct 2017

    BoatBureau is an online marketplace founded in 2012 that aggregates global boat rental listings into a single platform. It maintains a catalog of around 17,000 vessels and works exclusively with professional fleets. The startup serves a diversified customer base across more than 80 countries, with Italy the largest market; roughly 70% of bookings come from Europe and 30% from the Americas. The platform has nearly doubled its revenue each year and expected to close the year with revenue near €5 million, representing roughly 80% growth. BoatBureau plans to use new funding to finance growth, invest in marketing and technology, and strengthen its team. The four founders, led by Pep Mercadé, retain majority ownership after the financing. The company is headquartered in Barcelona and operates in the internet/boat-rental sector. BoatBureau is an online boat-rental platform founded in 2011 in Barcelona that provides access to a global fleet offered by professional owners. The platform aggregates more than 16,000 vessels from over 400 professional owners across about 100 countries, with real-time online availability and an available online fleet of 4,500 boats expected to rise to ~9,000 by early 2016. Since launching activity in 2013 the company has completed more than 1,000 rentals and is approaching €3 million in revenue; sales grew over 200% in 2014 and were projected to double again in 2015. BoatBureau has positioned itself as a leader in Spain for 10–20 meter boats while operating globally and plans to expand vessel types, length ranges and destinations. The company intends to invest in web technology to provide a fully automated rental service, improve usability and transactional capabilities, and deploy an ambitious digital marketing plan. It also plans to adapt its organizational structure to absorb the expected sales growth and accelerate international expansion.

  • nubelo

    Participated · Equity · Jan 2015

    Nubelo operates an online marketplace for freelance services that allows freelancers to find jobs and employers to hire workers. The company also offers Enterprise Solutions for large companies and launched Nubersidad, a learning platform for freelancers, in 2014. Nubelo is present in Spain, Argentina, Colombia, Mexico, Brazil and Chile and employs 28 people. Founded in 2011 by Francesc Font and Carlos Rodrigo, the company is based in Barcelona, Spain. In August 2015 Nubelo raised new funding and said it will use the proceeds to continue expanding operations in Spain. The platform’s core focus remains on matching freelance talent with corporate and individual buyers across its markets. Nubelo is a Barcelona-based online employment platform connecting clients with independent freelance professionals. The platform provides online collaboration tools to manage remote teams and projects and enables contractors to create profiles, portfolios, submit proposals, and receive payments through Nubelo. The company raised €1m in funding and intends to use the proceeds to expand marketing and sales efforts and consolidate global growth. Nubelo is currently present in Argentina, Chile, Perú, Mexico and Colombia. Leadership is led by Francesc Font (CEO), Rodrigo Villatoro (CMO), Marcos Sanchez (CTO) and Hugo Melero (COO). The company participated at Startup Chile.

Team