Funding rounds in the Spanish ecosystem.

During the first quarter of 2021, investment in Spanish startups amounted to 1,767M. Discover the cases of Colvin and Cobee.

Colvin and Cobee are two of the most promising technology startups in the market. Recently, they have managed to raise two investment rounds of 45 and 14 million respectively.

Colvin

Foundation year: 2017

Founders: Sergi Bastardas, Andrés Cester and Marc Olmedillo

Business model: e-commerce of flowers, a reference in Spain. It was born as a B2C platform focused on disintermediating the floriculture sector from start to finish, making use of technology to streamline processes and be able to offer both better product quality and more competitive prices.

Currently, the Colvin team is focused on developing a B2B solution that allows producers and wholesalers to be directly connected to retailers in the market, which will increase the competitiveness of the supply chain, eliminating existing inefficiencies and unnecessary intermediaries.

Type of round: C Series

Quantity lifted: 45 million euros

Lead Investor: Eurazeo

Destination of the funds: Development of technology and logistics projects, business expansion to new markets and hiring a hundred people over the next few months to strengthen technology, marketing and operations teams.

Cobee

Foundation year: 2019

Founders: Borja Aranguren and Daniel Olea

Business model: Flexible compensation platform. The startup has developed a SAAS platform through which companies can offer their workers flexible benefits and compensation plans.

The solution proposed by Cobee seeks, at all times, to put the employee at the center and allow them to enjoy a complete experience in the company. Thus, the employees of each of the companies can control and manage, completely free of charge and from their own mobile phone, fully personalized compensation plans (including expenses for meals, public transport, day care, etc.), based on their specific needs.

Type of round: Series A

Quantity lifted: 14 million euros

Lead Investor: Balderton Capital

Destination of the funds: Investment in technology and in the expansion of the team to optimize the platform and incorporate new benefits that improve the user experience, both for the companies themselves and for their respective employees.

More: Colvin and Cobee