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The Venture Codex

Reus Capital

Passeig de Gràcia, 53, Átic, Barcelona, Catalonia, 08007, Spain

Overview

Family Venture Capital Fund specialized in digital startups in seed stage. "We are a Super Business Angel." Investing since 2013 more than 10M€.

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

  • CubicUp

    Participated · Equity · Nov 2021

    Cubicup digitizes the hiring and management of home renovations and architecture projects, producing complete project designs, renders, and budgets quickly. The company offers verified professionals, contracts with penalties for delays, legal protection insurance, and a secure payment method to increase customer security and predictability. Its technology can create a full architecture and renovation project with renders and a budget in under a day, with a target to reduce that to two-to-four hours. Cubicup has validated its premium 'Plan Unique' in its hometown of Valencia and currently operates an 'Plan Essential' in Madrid, Barcelona and Valencia. The company aims to roll out 'Plan Unique' in Madrid and Barcelona to scale its offering and multiply last year’s revenue by ten. Management positions Cubicup at the intersection of proptech and constructech and intends to use new capital to drive growth and broader rollout.

  • HUBUC

    Participated · Seed · Jul 2020

    HUBUC is an embedded finance API provider that describes itself as "AWS for financial services." Its core product is an API plus no-code solutions that enable companies to embed bank accounts, payments, virtual and physical cards, real-time FX rates and digital wallets. HUBUC sits as a layer between financial partners and client products, managing contracts, regulatory requirements, AML, integrations and risk on behalf of customers. Founded in 2021 by Hasan Nawaz (CEO) and Ignacio Javierre (COO) and emerging from Barcelona, the company says it covers 58 territories. Customers include Mastercard, Wagestream, PayFlow, OkTicket and Declarando. The company recently closed a $10 million seed round co-led by WndrCo and Runa Capital. Founders state their vision is to become the platform that enables any company to embed financial services by simplifying complexity into one contract and one API. Hubuc is a banking-as-a-platform fintech founded in late 2019 by Ignacio Javierre and Hasan Nawaz and headquartered in Barcelona. Its platform allows companies to launch banking products in a few weeks with low initial cost while Hubuc assumes regulatory risk. Customers can create debit/credit cards, open accounts with IBANs in Spain and other countries, initiate payments and automate collections. The company operates in the European market with two banking partners in the UK and France and is regulated under UK (FCA) and French (ACPR) authorities as reported. Client funds are custodied by the UK central bank for UK accounts and by a major French bank with over 130 years of history for European accounts. Hubuc has 12 employees and positions itself to become the "Amazon Web Services" of the financial sector.

  • Triporate

    Participated · Equity · Jan 2020

    Triporate offers a platform to book flights and accommodations that integrates dynamic travel policies and a proprietary search‑optimization algorithm to streamline requests and reservations across all phases of a trip. The company’s technology is designed to optimize the relationship between agencies and corporate clients while improving internal agency processes. Triporate reports serving more than 100 clients and manages travel for companies with between 10 and 500 employees. The startup was founded and is led by Sergio Orozco alongside co‑founders Ernesto Cohnen, Asier Vitorica and Francisco Vieira. Triporate is based in Madrid. Financially, the company has completed multiple financings, including a previous €266,000 round through StartupXplore and a subsequent larger round in 2020. Triporate operates a platform for booking flights and accommodations that integrates dynamic travel policies and a proprietary algorithm to optimize search results. The company applies artificial intelligence across its request and travel-management processes. It has signed contracts totaling close to €1 million in travel volume and reports an average monthly revenue growth rate of 88%. Triporate is part of the Campus Residency program. The startup plans to use newly raised funds primarily for product development, implementing additional AI layers, improving internal processes, and reinforcing commercial activities. It is based in Madrid and competes in the internet/IT travel sector.

  • Racetick

    Participated · Equity · Sep 2019

    Racetick operates an online marketplace that aggregates sports events and enables quick registrations, personal time statistics, and loyalty points for discounts. The platform aims to improve user experience in event sign-ups and to offer organizers tools to increase visibility and reach. The company says it will use the new funds to complete product design and development and to consolidate its position in the Spanish market. Operating metrics reported in the article include more than 65,000 registrations sold, management of between 150 and 300 events, over 100,000 monthly visits, and a 10% monthly growth rate in listed events. Racetick emphasizes features like express registration, cancellation guarantee up to 15 days before events, and time-limited discounted slots promoted to subscribers.

  • Parlem

    Participated · Equity · Jun 2016

    Parlem Telecom is a telecommunications company that announced a financing agreement with Inveready. The company signed a term sheet to issue convertible bonds of up to €6,000,000. Proceeds are intended to accelerate both organic and inorganic growth. The issuance is structured in three tranches with specific maturities and conversion mechanics. The bonds include cash interest, a payment-in-kind (PIK) component, and a cap on total interest. The company will seek shareholder approval for the issuance with exclusion of pre-emptive subscription rights and the securities include covenants related to certain corporate decisions. Parlem Telecom is a Catalan telecommunications operator founded in 2014 that provides integrated telecom services for both consumers and businesses, operating from Catalonia and in Catalan. The company emphasizes proximity to customers and currently has three physical stores in Lleida, Reus, and Barcelona while planning to open dozens more across Catalonia. Parlem develops projects such as 5G pilots and Catalan-language artificial intelligence initiatives, and it is working on its own fiber infrastructure and tailored enterprise solutions through Parlem Empresas. To finance expansion and acquisitions, Parlem issued a €3M convertible bond led by Inveready, maturing in 2026; proceeds will fund territorial expansion and the acquisition of several small companies to bolster its enterprise offerings. The bond issuance is positioned as a precursor to a planned IPO on BME Growth to accelerate inorganic growth. Major shareholders — founder and CEO Ernest Pérez‑Mas, Ona Capital, and Inveready — together hold around 59% of the company's share capital, with about 30% held by other private and family-office investors and the remainder largely by small investors via The Crowd Angel. Parlem Telecom is a Barcelona-based telecommunications operator providing telecom services. The company closed a €2 million financing round led by several Catalan family offices with participation from crowd investors on The Crowd Angel platform. After the capital increase, the three largest shareholders are founder and CEO Ernest Pérez-Mas and the venture firms Ona Capital and Inveready, who together hold about 59% of the share capital. Parlem expected to finish the year with €10.5 million in revenue and about 50,000 contracted lines. The financing round was completed in ten days, reflecting rapid investor demand. Parlem is a Catalan telecom operator founded in 2014 that aims to become the fourth operator in Catalonia. The company offers consumer carrier services, operating over the networks of Jazztel, Orange and MásMóvil to reach roughly 250,000 households, and is focused on Catalonia with plans toward Valencia and the Balearic Islands. Parlem had 24 employees at the time of the report. Financially, it reported 2016 sales of €1.3 million, negative EBITDA of €1.47 million and losses of €1.1 million, and it forecasted about €3 million in sales for 2017. The business has relied on venture capital and crowdfunding to support growth. Parlem is a regional telecom operator founded in 2014 and based in Barcelona that targets becoming the fourth operator in Catalonia while eyeing Valencia and the Balearic Islands. The company runs services over the networks of Jazztel, Orange and MásMóvil and reaches approximately 250,000 homes. Parlem projected revenue of €1.7 million for the current year and forecasted €11 million in 2017. At the time of the report it employed 24 people with plans to expand to 90 by the end of 2017. The company planned a further capital increase by year end to support growth and expansion.

Team

No current team members are available.