A Banc Sabadell initiative to support young companies in developing their projects. Bstartup is designed to support entrepreneurs so their projects can be developed with maximum guarantees of success.  - Investment and growth - Specialized products and branches - Collaborative innovation

BStartup

Turtle Capial & Investments is a investment company dedicated to the financing of projects in its early stages.

Turtle Capital & Investments

K Fund is a multi-stage venture capital firm that provides early-stage venture investments to startups across Spain, Portugal, and Latin America. It promotes the evolution of the Spanish ecosystem by investing in digital-first companies. K fund was founded in 2016 by Inaki Arolla, Carina Szpilka, and Ian Noel and is based in Madrid, with offices in Barcelona and Lisbon.

K Fund

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.

Nero Ventures

Sabadell Venture Capital's main purpose is to support entrepreneurial Spanish projects during their initial stages (Seed and Early Stage). They want to be the financial partner of the startups and to be part of its innovative and transformative projects. They add value to the company through the different stages of its growth. Banco Sabadell is defined by its entrepreneurial spirit: “A bank by entrepreneurs, for entrepreneurs, helping entrepreneurs''.

Sabadell Venture Capital

Nekko Capital, a Barcelona-based Venture Capital firm aimed at investing in scalable early stage digital transformation companies led by outstanding teams with global ambitions and excellent execution capabilities. Nekko Capital has offices in Barcelona& Madrid.

Nekko Capital

Smartech is a partnership born in Barcelona and promoted by 6 professionals with more than 50 years of cumulative experience in Entrepreneurship, Venture Capital and Corporate Finance.The ultimate goal of Smartech is to boost the startup ecosystem in Southern Europe by investing in disruptive technologies with global ambition, which are more likely to generate significant returns both for the company and its investors.Smartech Capital brings together a leading group of successful entrepreneurs and technology experts, willing to provide ongoing momentum to drive startups toward standout success.

Smartech Capital

Palladium Corporate Ventures helps the best technology entrepreneurs to develop a successful business within the tourism industry.  Palladium Corporate Venture looking for innovative projects specially designed for the hospitality industry, catering and leisure events.They prioritize those startups that can create synergies with the various companies of the Palladium Group.

Palladium Corporate Venture

Palau Group is a construction company, founded in 1960, that specializes in integral reforms, rehabilitation, building, architecture and interior design. Grupo Palau is a company of construction, integral reforms, and interior design. Since 1960, we have created a unique methodology based on establishing a relationship of trust with our customers in all phases of the project with a high level of professional competence.

Grupo Palau

MIP SGR is a global investment platform specialized in Venture Capital with multiple alternative and reserved funds, differentiated by growth stages of the portfolio companies and geographical scope, giving privileged access to growing markets. Established in Milan in 2017, MIP SGR is an Alternative Investment Fund Management Company focused mainly but not exclusively on Tech, Consumer & Lifestyle investments, managing several investment funds. After the success of MIP I fund, in 2021 Milano Investment Partners SGR launched U-Start Ventures, a Multi-compartment fund dedicated to Club Deals in the U.S and Northern Europe, and Cliffs, a new alternative and reserved fund for early-stage, deep-tech focused investments across U.S. Venture Capital landscape and other international hubs. MIP invests in the new class of excellence-driven entrepreneurs across the globe and supports founders and portfolio companies in their quest to go from solid businesses to global champions, combining decades of investing and operational/entrepreneurial experience with a truly global network to help our portfolio companies grow, faster and stronger.

Milano Investment Partners SGR

Kibo Ventures, based in Madrid (Spain) is a VC Fund focused on early-stage investments in digital companies.  Kibo Ventures manages $320 million from a mix of institutional and private investors, including IEF, Telefonica, the Spanish Government (through CDTI), Mutua Madrileña (Spain's largest insurance company) and Axis (ICO's 25 year-old private equity arm). Specifically, Kibo likes to invest in companies which combine exceptional and committed teams, aiming to digitalize a product or service in a big-enough market with international potential.  Kibo is managed by an experienced team of professionals with a solid track record, who are actively involved in the companies in which they invest.  Kibo follows a stage-investment approach and financially supports portfolio companies as they grow, whilst promoting co-investment from valuable investors.

Kibo Ventures

Bonsai Partners is a Venture Capital investment company based in Spain, investing both primary and secondary opportunities in tech startups from Europe ranging from pre-series A to series C.

Bonsai Partners

aldeA Ventures is a Barcelona-based investment platform supporting the future European tech champions. With a 360 strategy we back best-in-class entrepreneurs across Europe through commitments in MicroVCs led by next-generation managers, and company co-investments, supporting portfolio companies from our invested funds in their breakout paths with flexible capital.

aldeA Ventures

Mangrove Capital Partners is a venture capital and private equity firm focused on early-stage, mid venture, startups, expansion stage, growth capital investments, buyouts, and emerging growth. Its mission is to help turn visions into realities by providing financing, thoughtful advice, relevant experience, and industry relationships to its portfolio companies.   Mangrove seeks to invest in internet and software businesses with a focus on online services, marketplaces, application service providers, multimedia services, communications, wireless, infrastructure, media, network, and services. The firm is also focused on peer-to-peer computing, gaming, e-commerce, security, mobile, mobile value-added services, network management, urban mobility, SaaS-based businesses, and the automotive industry. It primarily invests in greater Europe, including Russia, Benelux, Belgium, Luxembourg, Netherlands, France, Germany, Italy, Switzerland, and Spain, and Israel. It may also invest in United States, Canada, and India.   Mangrove Capital Partners was founded in 2000 and is based in Luxembourg, Luxembourg.

Mangrove Capital Partners

14W is venture capital firm investing in companies that make the future more accessible, efficient, and connected. As investors, we are curious, thoughtful, and driven by conviction. With a global team across New York, London, and Madrid, we primarily invest in healthcare, software, and marketplaces, building partnerships with exceptional founders disrupting and creating categories across North America and Europe.

Quadrille Capital is an independent private investment firm based in Paris and San Francisco. They spun off from Quilvest in 2012 and manage more than €900m in information technology and healthcare. Formerly Known as Quilvest Ventures. Quadrille Capital is Paris-based private equity and venture capital firm established in 2001, investing globally in technology and energy, two industries with sustainable long term growth. Technology includes IT, internet, healthcare and cleantech. Energy includes oil services, exploration and production, midstream, power and renewables. Quadrille Capital provides access to the best-performing funds of these fields worldwide, as well as to some of these funds’ portfolios’ best companies through direct investments. Quadrille Capital also builds customized partnerships with corporate groups.

Quadrille Capital

Bonsai venture capital was born as a result of the entrepreneurial spirit of Javier Cebrián Sagarriga and the diversification of the investments of his family office in the real estate and financial areas.  Our model integrates ownership and management. The managers own more than 60% of the capital share.

Bonsai Venture Capital SCR

ICF Capital is a venture and growth capital management firm from ICF. ICF is a public financial institution founded in 1985 and owned by the Government of Catalonia. Our mission is to foster and improve access to funding for companies that operate in Catalonia in order to contribute to the growth of the region's economy while complementing the private financial sector. ICF provides funding to Catalan companies and entrepreneurs. They assist them in their development and growth, generating value for society at large. The institution offers companies a range of products and services in the area of corporate finance, focusing on loans and guarantees and venture capital investments. ICF operates via a parent company, two subsidiaries (IFEM and ICF Capital), and an investee (AVALIS). ICF, through IFEM, supports the creation and growth of innovative start-ups through the investment in venture capital funds for seed segments and co-investment with private investors through participative loans. ICF Capital, which manages closed-end UCITS and is authorized by Spain's National Securities Market Commission (CNMV), manages, nurtures, and advises public and/or private funds or venture capital firms that provide capital to Catalan companies. At present, ICF Capital directly manages 2 venture capital firms: ICF Capital Expansió II and ICF Venture Tech II.

ICF Capital

All Iron Ventures partners up with bold founders promoting innovative startups. We mainly invest in the early stages of European companies that aspire to reshape the future of both consumers and enterprises through technology.  We at All Iron Ventures have been and continue to be entrepreneurs. We know what it is to be a founder and empathize with the challenges our partner founders face.  We put our resources and experience creating, scaling and selling companies at their disposal to help them take their projects to the next level.  Based in Bilbao, Spain, and with approximately €110Mn under management, All Iron Ventures was promoted by the founders of Ticketbis, a global marketplace sold to eBay in 2016, in what is one of the main success stories in Spain’s startup ecosystem.

All Iron Ventures

Exoticca

Exoticca develops an online booking platform to facilitate travel tour package deals. It offers holiday packages, including flights, accommodation, meals, guides, and private transport, for locations worldwide. The packages are designed to make travel to destinations more accessible, with partial and guided tour options.

Exoticca is an online travel agency that specializes in multi-day tour packages to over 50 countries worldwide. The company's platform connects flights, hotels, meals, transfers, transportation and local activities to offer customizable vacation packages. Exoticca aims to digitize and simplify the process of booking complex long-haul trips, reducing costs by up to 30% compared to competitors. The company leverages technology to provide real-time pricing and availability for tour packages that traditionally required travel agents to book. Exoticca's offerings include private and small group tours led by local expert guides to destinations like South Africa, Italy, Greece, Portugal, Ecuador, Egypt, Morocco, Thailand and more. The company has a mobile app that provides travelers with trip information and serves as a travel companion during their journey.

Travel Tech

Spanish traveltech Exoticca scores €60M to digitise multi-day tour packages with AI

Exoticca is an online travel agency that specializes in multi-day tour packages to over 50 countries worldwide. The company's platform connects flights, hotels, meals, transfers, transportation and local activities to offer customizable vacation packages. Exoticca aims to digitize and simplify the process of booking complex long-haul trips, reducing costs by up to 30% compared to competitors. The company leverages technology to provide real-time pricing and availability for tour packages that traditionally required travel agents to book. Exoticca's offerings include private and small group tours led by local expert guides to destinations like South Africa, Italy, Greece, Portugal, Ecuador, Egypt, Morocco, Thailand and more. The company has a mobile app that provides travelers with trip information and serves as a travel companion during their journey.The company operates in 10 countries, with North America accounting for 70% of its global sales. In 2023, Exoticca was on track to close the year with CAD USD 250 million in bookings. As of September 2024, Exoticca operated in eight markets, including the US, Canada, UK, France, Germany, Spain, Mexico, and Colombia. In July 2024, the company disclosed that it derived ~75% of its revenue from the US and Canada Key customers and partnershipsExoticca primarily serves leisure travelers looking for guided multi-day tour experiences. The company partners with local tour operators and suppliers in destinations to provide its services. For example, Exoticca works with Condor Travel, a major tour operator in South America, to operate some of its tours in countries like Peru. In Canada, Exoticca has partnered with TDC (Transat Distribution Canada) as one of its preferred suppliers to offer customized travel experiences to TDC's network of travel agencies. Exoticca also has an airline partnership with TAP Portugal. The company focuses on serving travel agents as a key distribution channel, providing them with training, marketing resources, and commission incentives to book Exoticca's products.

Sonder is a short-term rental startup that acquires and refurbishes apartments in popular urban areas and offers them for rent through various channels, including Airbnb, Expedia, and its own website. The company typically enters into three- to five-year leases (including fixed leases and mixed leases) or revenue-sharing agreements with landlords to occupy entire floors of buildings. Sonder’s contracts include provisions that reduce rates during economic downturns, such as a clause that decreased rents by 8% during the pandemic. Unlike other home-sharing firms that have faced difficulties with local lodging regulations, Sonder either holds hotel licenses or operates in buildings that permit short-term rentals.&nbsp;Its apartments offer hotel amenities, such as professional cleaning services, fresh designs, and a concierge service accessible through an app. With the help of its app and digital door locks, guests can check-in to their rooms without any face-to-face interactions. As a result, Sonder's offering was well-suited for maintaining social distance during the pandemic. Sonder aims to extend its reach by expanding to other regions, including Asia. Sonder is also planning to broaden its offerings to include properties such as resorts, villas, and residences. Moreover,&nbsp; Sonder aims to establish a franchise model and sell its software solutions to outside operators. In <a href="https://sp-edge.com/updates/20463">July 2023</a>, Sonder launched its first hotel collection, ‘Powered by Sonder’, a collection of boutique hotels, each with its own distinctive design aesthetic, utilizing Sonder's technology and operated by the company.&nbsp;As of January 2023, Sonder served more than one million guests in more than 9,000 live units, across more than 40 cities and 10 countries. It expected to grow its portfolio to 56,000 units by 2024.&nbsp;In <a href="https://sp-edge.com/updates/27990">March 2024</a>, Sonder lost some properties to competing companies such as Kasa Living, Placemakr, AvantStay, and Blueground. The shift in property management occurred after Sonder attempted to renegotiate lease terms or exit from master leases.&nbsp; Key customers and partnerships<a href="https://sp-edge.com/updates/32761">In August 2024</a>, Sonder signed a licensing agreement to sell 9,000+ of its units to Marriott International with plans to integrate an additional 1,500 units into the Marriott system in the future. Previously,In September 2022, Sonder partnered with RateGain Travel technologies to strengthen its presence on the GDS by introducing its own dedicated chain code titled SS. The company also partnered with Hotel Engine, a lodging performance network, to offer its services to its network of over 550,000 business travelers (October 2021).

Sonder

Ukio is a Barcelona-based company that provides short-term rental apartments directed at remote workers and other professionals on the move. Ukio offers rental apartments for stays ranging 1–11 months, with an average stay of four to five months. Guests can book for a set period and have the option to extend their stay through the company's online platform. Ukio signs 7- to 10-year leases for its apartments with individual property owners, real estate developers, and family offices.Ukio’s rentals range from EUR 1,750–5,000 (~USD 1,900–5,400) per month. The monthly payment covers utilities, maintenance, taxes, and all the standard amenities included in a hotel stay. Each apartment includes a concierge and reception area, with some having additional services, such as weekly-cleaning facilities. As of August 2024, Ukio operated in Barcelona, Madrid, Lisbon, Berlin and Paris and planned to expand to other cities such as London, and Dublin.

Ukio

NUMA (formerly known as Cosi) is a German provider of alternative accommodation that offers short-term rental units in over 3,000 locations in cities like Berlin, Munich, Rome, and Vienna. The company signs long-term leases with property owners and remodels the apartments by furnishing and designing the interiors, before renting them out as a hotel alternative. NUMA uses automation and smart pricing to increase occupancy rates and provides a comprehensive digital service for the entire guest experience by reducing booking and check-in/checkout timing to less than 60 seconds. NUMA differentiates itself from similar companies like Sonder by targeting a broader demographic and offering a “tech franchise” solution called “NUMA Go,” where third-party hoteliers can use NUMA's technology for a share of their revenue. NUMA also offers B2B travel solutions through its dedicated corporate booking team and its offering of corporate travel rates.In June 2021, NUMA expanded its services to Spain, Italy, Austria, and the Czech Republic by acquiring local short-term rental provider, Friendly Rentals. NUMA planned to further expand its operations in existing and new markets, such as France, the UK, Ireland, and the Nordic region. Additionally, NUMA made plans to enter the Portuguese market with the opening of a 77-unit hotel in Lisbon in Q2 2024.

numa

TravelPerk offers business travel options for customers. TravelPerk is headquartered in Barcelona and has additional offices in London, Berlin, Chicago, and Miami. The platform uses proprietary technology to provide booking, management, and reporting for business trips. It allows travellers to compare and book various modes of transportation, such as trains, cars, flights, hotels and apartments from various providers including KAYAK, Skyscanner, Expedia, Booking.com, and Airbnb. The company aims to provide flexibility to travellers while giving companies control over travel expenses.In November 2021, TravelPerk launched “TravelPerk Events” to bring dispersed teams together for face-to-face meetings. To make in-person meetings more sustainable, TravelPerk also provides customers with the option to estimate their carbon footprint and neutralize their emissions, achieving this through the acquisition of Susterra (September 2021). This also includes GreenPerk, a sustainability tool that directly reduces carbon emissions through initiatives run by its partner, Atmosfair. Other notable acquisitions included that of AmTrav (<a href="https://sp-edge.com/updates?industryIds=101">June 2024</a>), UK-based rival, Click Travel (July 2021) and US-based rival, NexTravel (January 2021).TravelPerk uses a subscription- and commission-based business model that includes a freemium plan, with paid plans starting at USD 99 per month and commission fees starting at 3% per booking.Key customers and partnershipsTravelPerk struck a partnership with Southwest Airlines in January 2021 to broaden its US-based inventory, becoming one of the first non-US travel management companies to enter a partnership with the airline company. Other partners include Lufthansa Group Airlines, Midnight Trains, Divvy, and Skyscanner.TravelPerk doubled its customer acquisition rate in 2020 and catered to more than 6,000 businesses, including brands like Wise, Farfetch, GetYourGuide, and Monzo, as of September 2024

TravelPerk

Omio is a Berlin-based travel platform that allows users to search, compare and book transportation options across Europe, the US, and Canada. Founded in 2013 as GoEuro, the company rebranded to Omio in 2019 to reflect its expanded global presence. Omio's platform aggregates and displays train, bus, flight, ferry and car rental options from over 1,000 transportation providers across 37 countries. Users can compare routes, prices, and travel times across different modes of transport in a single search.The company's technology integrates directly with transportation providers to offer real-time pricing and availability. Omio generates revenue through commissions on bookings as well as service fees. As of 2022, Omio's platform facilitated enough ticket sales to fill 30 trains and 300 buses daily. The company has seen significant growth, with ticket bookings in 2022 reaching 140% above pre-pandemic levels. Omio has also observed a shift toward mobile bookings, with 80% of tickets now purchased via its mobile app.Key customers and partnershipsOmio has partnerships with hundreds of transportation companies across Europe and North America, including major providers like Renfe, Deutsche Bahn, SNCF, Flixbus, and Amtrak. In 2022, Omio partnered with Uber to integrate its inventory into the Uber app in the UK, allowing Uber users to book train and coach tickets. In 2023, Omio collaborated with Ecosia to launch a "tree-planting rail travel search tool" that promotes train travel as a more sustainable transport option. Omio has also integrated its booking capabilities into platforms like Kayak and Huawei devices.&nbsp;In August 2024, Omio announced a partnership with Ryanair to sell the airline's tickets as an approved online travel agent.

Omio

Platforms to search, compare, plan, and/or book flights, hotels, buses, trains and travel packages.

Platforms to search, compare, plan, and book alternative lodging in privately owned properties, including apartments and homes

Platforms to search, compare, plan, and book tours, events, and other travel-related recreational activities

Providers of corporate travel management solutions that help businesses with planning, controlling, tracking, and reporting on business travel activities, as well as distribution solutions and B2B booking engines

Car rental and ride-sharing solutions for long-distance travel

Providers of battery-powered luggage products equipped with technologies such as USB charging, built-in scales, TSA-approved locks, and real-time location tracking via GPS and cellular networks

Providers of technology-enabled solutions to enhance the guest experience, such as contactless and automated check-in services.

Providers of technology-based solutions for accommodation providers, tour/experience operators to optimize revenue and operations.

Some solutions under the B2B travel solutions segment operate under a B2B SaaS model

Some online search/booking and revenue management solutions use AI/ML for product development

ANALYST_QUICK_TAKE

<div>
 Travel tech company Exoticca has secured EUR 60 million (approximately USD 65 million) in a Series D funding round. The round was spearheaded by Quadrille Capital, with contributions from new investors All Iron and ICF, and continual support from 14W, Mangrove, Bonsai, Sabadell, and Aldea.
 The capital will be designated for the ongoing development of the platform and to enhance their expansion efforts in the US, Canada, and the UK. Furthermore, the company plans to use artificial intelligence to improve customer predictions.
</div> Analyst QuickTake : 
 The round is significantly larger than Exoticca’s EUR 4 million (~USD 4.3 million) funding round in <a href="https: 
//sp-edge.com/updates/28550"> April 2024 </a> , which was used for geographical expansion in Latin America and beyond.&nbsp;&nbsp;

Exoticca

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