Follow us on social media

GoHub Ventures: Anatomy of a Rebranding

GoHub Ventures: Anatomy of a Rebranding

New year, new brand. If you’re reading this article or you’ve landed recently on our website scouting through our portfolio, you may have noticed a different look and feel. Yes, we’ve been through a rebranding (and we want you to know why)!

 

Rebranding: What is it?

Let’s start with a little bit of theory. Rebranding is the process of transforming your brand to express a new identity. This includes creating a new company logo, colors scheme, naming, slogan… but also calling into question other fundamentals of the business such as mission, vision, philosophy, etc.

A good practice when kicking off a rebranding is establishing once again all these ‘spiritual’ aspects of the company in order to envision a new identity, which will be expressed by tangibles such as the logo, copy’s and so on.

For this reformulation, many marketers recommend Carl Jung’s archetypes as an exercise to mirror your brand with different personalities created by the famous psychologist: The Innocent, Everyman, Hero, Outlaw, Explorer, Creator, Ruler, Magician, Lover, Caregiver, Jester, and Sage. See the example below for a better understanding and try the exercise for your own brand!

Brand Archetypes

 

Our Reasons for Rebranding

Companies, and this includes VCs of course, rebrand for different reasons. It could be as a result of a merger and acquisition, to get away from a reputation crisis, to catch massive attention… Think of X -former Twitter-, perhaps the reason for the change includes a little bit of these three motives.

That is not the case for GoHub Ventures rebranding. We want to set the beginning of a new era on our fund and to accomplish this we evolved our brand. Here are the key points behind GoHub Ventures rebranding:

  • We were born within the water utility company Global Omnium Group and this caused the impression that we were only interested in water-related solutions, especially when having a logo that included a drop… Today, we want to tell the world that GoHub Ventures invests in B2B software startups with highly technological and differential solutions that help optimization and automation of cross-cutting processes to any type of industry, from Seed to Series A, all across Europe, North America and Latam.

GoHub Ventures Logos

  • We want to situate entrepreneurs and founders at the very front of our success. They are the leading figures and the reason why we exist, that’s why GoHub Ventures’ culture revolves around the motto ‘We don’t change the world, our founders do’. We like to call ourselves the believers behind the believers because at some point we all needed someone to believe in us when nobody else did. That is the image we want to transmit to our founders.
  • A renovated compromise with sustainability in the best way we know, through innovation. It’s soon to jump into details, but we’re working on a new cutting-edge space located in Benicassim (Castellón, Spain) where technology, innovation and sustainability coexist. Plus, GoHub Ventures is also keeping an eye on new verticals such as HealthTech and Oceans.

 

Our Values

  • Tech-Savvy. We have successfully developed and implemented technological solutions around the world, granting us a clear vision on how to make this happen and how to not make this happen too. We will pass on these insights to you, sparing you unnecessary hurdles. 
  • Trustful. We will equip you with the necessary tools, connections, know-how, and expertise to develop your business plan while keeping a very straightforward approach. We won’t tiptoe around delicate issues as our ultimate goal is to see you succeed, just as much as you do. 
  • Connected. As a fund originating from a corporate, we built an extensive network that reaches far beyond the venture capital ecosystem. Our aim is to assist you in cultivating strong partnerships with other corporations to create synergies that not only benefit our own relationship but also add strategic value to your business. 
  • Committed. We are surrounded by enablers. A handpicked group of tech-leading professionals at your disposal ready to assist you in forging key partnerships, expanding into international markets, and providing deep insights into the world of technology, business and investment on a global scale.
  • Forward-Thinking. We support startups using the latest technological trends such as Artificial Intelligence, Machine Learning or Web3 for different sectors like Fintech, Insurtech, Climate Tech and soon to come, Healthtech.
  • Sustainable. We are conscious about the importance of working towards a more sustainable future, firmly believing that technology is the cornerstone to build a better world. That is why we actively consider startups that align with this mindset.

And what a better way to usher in this new era and these new values than during our most special annual event, GoHub Ventures Founders Day? On October 25th, we gathered our portfolio startups and some investor friends at Masia Bellver for a catch up session where they got a scoop on GoHub Ventures rebranding and our redefined focus going forward.

 

Our Fund

GoHub Ventures Fund II -already regulated by CNMV authorities- is fueled with €60M aimed at investing in B2B SaaS startups with highly technological and differential solutions that help optimization and automation of cross-cutting processes to any type of industry. 

When deciding whether to invest or to not invest in a startup, we pay special attention to the team, the commercial traction and the founders’ vision.

Regarding size and location of the startup applicants, we consider companies from Seed to Series A, all across Europe, North America and Latam. 

We kindly invite you to have a look at our new brand website, discover our approach, portfolio and encourage you to get in touch!

Sara Sanjuan, Head of Marketing & Communicarions at GoHub Ventures
Jan 11 · 2024 Sara Sanjuan Head of Marketing & Comms

GoHub Ventures Backs Data Validation and Monitoring Software BaseCap in its Second Consecutive Investment in the U.S.

GoHub Ventures Backs Data Validation and Monitoring Software BaseCap in its Second Consecutive Investment in the U.S.

GoHub Ventures announces its second consecutive investment in the United States. The chosen startup is BaseCap, a data quality company specializing in data validation and monitoring that has raised an $8,2 million Series A round.

This operation is led by two American funds with great expertise in the financial sector, L’Attitude Ventures and Mendon Venture Partners, with GoHub Ventures and Viena-based Cherrypick Ventures as followers.

Through this round, GoHub Ventures reinforces its global strategy based on the commitment to invest in startups with B2B software models. Recently, GoHub Ventures launched its Fund II, endowed with 60 million euros and endorsed by the Securities & Exchange Commission (CNMV).

With growing traction in fintech in the U.S., BaseCap’s software can also be applied to businesses and companies in other verticals, such as health and insurance, given their vast use cases. In the case of a mortgage lender selling loans through the mortgage marketplace, it may happen, that the buyer of such loans uses data in a different format. BaseCap automatically transforms the data, validates its integrity, and saves the client time and money.

Inés Calabuig, Managing Partner at GoHub Ventures, stresses that the fund aims to “identify technologies with enough potential to revolutionize entire industries. And that is exactly what we think BaseCap will achieve with its data automation systems. Led by Steven and Nicolas, this is one of the best teams we have met lately, and we are convinced that the startup has a differentiating platform for hundreds of thousands of financial, insurance, and healthcare companies.”

“We are incredibly excited by the product expertise in enterprise software and the global expansion opportunities that come from partnering with an investor like GoHub”, says Nicolas Guillen, Co-founder and CFO at BaseCap.

This is GoHub Ventures’ second consecutive investment in the United States. A month ago, it unveiled its stake in LifeX Ventures, a $100 million venture capital vehicle heavily focused on longevity and climate tech. Geographic diversification is one of the keys to Fund II, whose base will continue to be B2B SaaS startups specializing in verticals such as AI Enterprise, Web3, Sustainability, Fintech and Insurtech.

May 03 · 2023 GoHub Ventures

GoHub Ventures Invests in UK-based NeuralSpace to Bring Voice AI to All Local Languages Around the World

GoHub Ventures Invests in UK-based NeuralSpace to Bring Voice AI to All Local Languages Around the World

The $1.1 million add-on investment completes NeuralSpace’s Seed round of $2.8 million, which is led by GoHub Ventures and Merus Capital. Further investors are early-stage investor APX, Techstars, Verissimo and a few impactful angels.

The investment will help NeuralSpace to scale its voice AI technology alongside its existing services, which went live as a self-serve toolkit in January 2022 with Language Understanding in 90+ languages, and multiple auxiliary functionalities such as automatic data augmentation, automatic data set conversion (from Rasa, Google Dialogflow and Microsoft LUIS), language detection to capture the language preference of a user automatically, and translation to convert a user’s input whenever needed for additional context.

NeuralSpace now aims to develop the most accurate speech models (both Speech-to-Text and Text-to-Speech) for locally spoken languages. Furthermore, it develops pre-built end-to-end products such as video localization (or automatic overdubbing), which are combinations of the existing speech and text services that are already live on the NeuralSpace Platform as standalone features.

 

What is NeuralSpace?

NeuralSpace is a Natural Language Processing (NLP) company specializing in local, or low-resource languages. The NeuralSpace Platform is a collection of proprietary language models that can process up to 100 different languages. The latest funding will be used to double down on the voice AI development at NeuralSpace, which will include building models for mixing languages (such as Arabic-English, Chinese-English, Spanish-English or Hindi-English), and significantly increasing the accuracy of automatic speech recognition (ASR) models in locally spoken languages, compared to current market leaders.

Using the NeuralSpace Platform does not require any machine learning expertise, and all that is needed is a handful of data to train and continuously improve each user’s custom models. The NeuralSpace Platform is a no-code, modular user interface and each of its services, from Natural Language Understanding (NLU) to Entity Recognition, Speech-to-Text, Machine Translation and Transliteration can be taken as a standalone product, even installed on-premise if required. In the end, users only need to connect their custom models with REST APIs.

NeuralSpace’s Co-founder & CEO Felix Laumann points out that “training latest deep learning models accurately on very small data sets, which any local, low-resource language usually suffers from, is a very challenging task because models are usually designed to perform well in English with terabytes of available text and speech data but not in languages with a few hundred megabytes of data.

 

 

Private Cloud Deployment

NeuralSpace offers to deploy the NeuralSpace Platform on-premise (or “private cloud”). It has already successfully done this with Hello Ebbot, a Swedish chatbot development company operating in Scandinavian and other European languages, where the NeuralSpace Platform is hosted on infrastructure arranged and provided by Hello Ebbot. It allows Hello Ebbot to comply with GDPR requirements as customer-owned data are not shared or processed outside of the private cloud that is owned by Hello Ebbot and hosted in the European Union.

 

One-Stop Solution

One of NeuralSpace’s most important propositions for any developer is that all NLP requirements can be fulfilled within one single platform and switching between multiple vendors with different data formats for different NLP-related features is not required anymore. The NeuralSpace Platform provides various NLP-specific services like Language Understanding, Entity Recognition, Machine Transliteration, Transliteration, Speech-to-Text and many more in one place so that developers do not need to think about handling different services, payments, and contracts.

 

Scalability

One of the key advantages of the NeuralSpace Platform is its scalability. It is designed in such a way that it can linearly scale to millions of requests every hour, which is achieved by a proprietary compute-load watcher, data allocator, and training scheduler. The scalability is extensively evaluated through load testing techniques by simulating a large number of requests the NeuralSpace Platform receives at the same time, providing statistics around the limits for a given number of model replicas, and providing an estimated cost for the infrastructure required for the given load quantities. Thus, it makes it easy for any developer to assess the economic feasibility of using NeuralSpace without having to go through a lengthy process of experimentation first.

Sep 26 · 2022 GoHub Ventures

GoHub Ventures Enters the Metaverse Investing in Union Avatars

GoHub Ventures Enters the Metaverse Investing in Union Avatars

Union Avatars, a company dedicated to creating avatars for the metaverse, has raised 1,2 million euros in a funding round that has been led by the venture capital manager Inveready and FI Group, a consultancy specialized in advising companies on the management of R&D financing.

In addition, partners such as GoHub Ventures — from the Global Omnium group —, Outlier Ventures — one of the most prestigious Web3 accelerators in the world — , or Inlea have participated in the capital increase. Along with them, other private investors such as Rat Gasol or Carlos Solana have been present, providing credibility and seniority to Union Avatars from the beginning due to his long business career in the world of innovation, digital business and entrepreneurship. The resources obtained will be used mainly for product development, international expansion and talent.

The company, founded in 2020 by Cai Felip and Jordi Conejero, arose from the idea of uniting the real world with the new digital worlds that now converge in the Metaverse. Now Union Avatars is taking a new step towards Web3, that is, the integration of avatars for the metaverse into the blockchain.

Felip has been present in the blockchain world since 2014, long before even the great interest that the term Metaverse has obtained. The Co-founder and CEO of Union Avatars explains that “the big change is to have an avatar that is like a passport to any metaverse and this is possible thanks to this new integration that we are doing with Web3”.blog_fivecommmThis is the reason why the company, located in Barcelona, plans to launch UnionID, an Digital Identity project with which users will be able to have a totally secure identification system with absolute control over their privacy. Felip affirms that “UnionID will be a 100% secure identification card that will allow us to log in to different platforms without exposing our data and to be able to take our digital assets with us from platform to platform while maintaining absolute control of our privacy. Imagine that you can choose different images to show yourself on your social networks or meetings, but you can also take your favourite virtual shirt from one place to another. And all this without anyone being able to know or sell your data’’.

Currently, the team is made up of 22 people and already has more than 30 clients around the world. The main pain is the representation of people in the Metaverse, so the business is mainly based on B2B, although with the integration in Web3 and the UnionID project, the plan is to focus on the final user.

For 2023, the founders anticipate another funding round to continue growing in this incipient universe. The company has recognized advisors such as Jean Clauteaux, former CEO and Zone Manager of L’Oreal; Simonetta Lulli, former Vice President of Habbo; Fraser Edwards, CEO of Cheqd or Carles Reina, who has been part of companies such as Uber, Sonantic o Tractable.

Sep 19 · 2022 GoHub Ventures

Sales Layer Raises $25M Series B Funding from PeakSpan Capital to Expand B2B PIM Platform Globally

Sales Layer Raises $25M Series B Funding from PeakSpan Capital to Expand B2B PIM Platform Globally

Sales Layer, the leading PIM (Product Information Management) SaaS platform provider for B2B, has announced that it has raised $25M in Series B funding, led by PeakSpan Capital with participation from its Series A investors. The funding follows on from the $3,5M raised by Sales Layer’s Series A investors, Swanlaab and Bright Pixel, in 2020.

The Series B will accelerate Sales Layer’s rapid global growth, hiring across all functions while continuing the expansion of international operations. Alongside the evolution of its product roadmap, Sales Layer will continue to reach new customers and increase its presence in the UK and US markets. With 100% growth year-on-year since 2017, Sales Layer will use this investment to solidify its position as the number one PIM solution in the B2B space.

PeakSpan Capital is a growth equity firm based in New York City and San Mateo, CA with a portfolio of high-growth software businesses and over $1.5B in AUM. The investment will support Sales Layer in scaling and evolving within the maturing e-commerce landscape.

Jack Freeman, Partner at PeakSpan Capital comments on the recent investment: “We’ve been tracking the PIM space for several years and know the industry is poised for substantial growth in light of growing product complexity, an explosion of new channels and the continued rise in E-Commerce volume. We identified Sales Layer last year as an emerging player with a clear focus and opportunity to win the B2B PIM space and have since witnessed the business innovate and scale rapidly on a global basis. We’re excited for the future with Sales Layer and see ample opportunities to scale the team, product and customer base further.

Álvaro Verdoy, Founder & CEO of Sales Layer, explained: “PeakSpan was the strongest VC candidate for Sales Layer. Its team had a very elaborate thesis around e-commerce, supply chain and digital transformation, where PIM plays a very important role. Furthermore, PeakSpan’s experience scaling European businesses in the US will help us to accelerate our expansion.

Following Sales Layer’s Series A funding round in 2020 backed by GoHub Ventures, which was launched to scale globally to offer international operations and strengthen its infrastructure, previous investors Swanlaab and Bright Pixel Capital have continued to support the company throughout the expansion.

After closing out the Series B investment round, Sales Layer is excited to play an even greater and more pivotal role in international digital ecommerce.

Jun 29 · 2022 GoHub Ventures

Galgus Raises €4M to Address the High Demand for WiFi Projects in its International Expansion Backed by GoHub Ventures

Galgus Raises €4M to Address the High Demand for WiFi Projects in its International Expansion Backed by GoHub Ventures

The Sevillian smart WiFi technology company accelerates its international expansion due to the high demand for WiFi projects backed by the company’s lead investors GED Capital, Mundi Ventures and GoHub Ventures, and anticipates a larger capital raise by the end of the year.

Galgus, a Sevillian company specialised in the development of intelligent WiFi technology that optimises network performance and provides advanced geolocation analytics, is accelerating its growth by raising 4 million euros in funding.

Galgus technology is present in different scenarios all over the world. From planes and trains, to foootball stadiums, shopping malls, hotels, schools, convention centres, businesses, rural areas and many more.

This financial support comes from what were already Galgus’ main investors: GED Capital (through its Conexo Ventures fund), Mundi Ventures and GoHub Ventures, the corporate venturing arm of Global Omnium, demonstrating the clear commitment to the company’s strategy.

This 4 million is a down payment on a larger financing round that the company expects to close by the end of 2022. In this way, it is getting a very important boost in order to provide its international expansion initiatives with greater resources and thus be able to respond positively to the strong demands of its markets, especially in the USA.

In fact, Galgus has already made significant progress towards becoming a European benchmark in WiFi technology, with major projects in countries such as the United Kingdom, Italy and Spain. Galgus has also reached partnership agreements with major telecommunications companies, such as Netoip and Around People in Italy, Telefónica and Cellnex in Spain, Wavesight and Icomera in the United Kingdom.

Beyond European borders, Galgus has offices in Latin America (Colombia and Peru), and in the United States, specifically in Boston. This is a declaration of intent regarding its ambitious plan to support digital engagement and help close the digital divide in these areas.

Digital transformation is opening up new opportunities where high quality WiFi connectivity is in high demand. With this boost, we will be able to capture a high volume of international business that will allow us to position ourselves as a global benchmark in the sector. Thanks to our 9 patents, we have a clear competitive advantage, especially in geolocation analytics, well ahead of the leading brands in the sector. We have to take advantage of this to accelerate our international expansion”. José González, CEO and Co-founder of Galgus, points out.

All this is a great recognition of the work being done by Galgus, which has already resulted in 9 international patents and a proprietary technology (Cognitive Hotspot Technology or CHT) that optimises the performance of WiFi networks through the application of artificial intelligence, offering a more reliable WiFi connection in public and private networks.

Galgus also offers a differentiating and award-winning Location Analytics technology, recognised by Gartner for its disruptive potential worldwide. It provides highly accurate device counts and movement patterns for all devices in range of the network, that provide enterprises and cities with the business intelligence needed to optimise their digital engagement efforts.

“Galgus is the right example of the right combination of experience and disruptive talent, essential traits to be at the forefront of new global technologies. A Spanish Startup to demonstrate our capabilities in all world markets that deserves our full support”, highlights Francisco Marín, member of the Board of Galgus, partner of CONEXO, National Award for Innovative Trajectory and former Director General of CDTI.

“Galgus’ innovative technology is perfectly targeted to optimise the skyrocketing growth of WiFi data. The US and other international markets can greatly benefit from this disruptive technology, which can make Galgus a world leader in delivering a better WiFi experience to users,” said Rajeev Singh-Molares, Galgus board member, founder of Mundi Ventures and formerly vice president of Alcatel-Lucent.”

From GoHub Ventures we are betting on Galgus with an accelerated team, product and sales. With this round, it will be able to expand its leadership position in Spain, but above all in the American market as a global standard for intelligent WiFi”, says Patricia Pastor, Managing Director of GoHub Ventures.

With this round of investment, Galgus is setting new growth targets from which it expects to reap new successes, as well as consolidate its existing customers worldwide.

May 19 · 2022 GoHub Ventures

Barbara Raises €2,5M in Funding from Caixa Capital Risc, Iberdrola and GoHub Ventures

Barbara Raises €2,5M in Funding from Caixa Capital Risc, Iberdrola and GoHub Ventures

Caixa Capital Risc, the venture capital arm of CriteriaCaixa and lead investor through its Criteria Venture Tech fund, and Iberdrola, through Perseo, its program for startups to promote the development of technology-based companies, have joined forces to accelerate the digitization of smart grids and cybersecurity with a €2.5 million ($2.6M) investment round in Barbara.

The financing round was also backed by GoHub Ventures, Bizkaia Seed Capital and Basque Fondo which became shareholders of the company in 2020. They completed this fundraising, enabling to implement Barbara’s technology in other industrial sectors with high cybersecurity requirements.

The Spanish startup led by David Purón and Isidro Nistal has created a cybersecure operating system that allows to connect and protect industrial equipment with an anti-hacker shield.

Founded in 2016, Barbara will use this capital injection to consolidate its leadership in the smart grid industry and to expand into new markets in the critical infrastructure sector.

Through its software, the company collects data from sensors and industrial equipment, and runs artificial intelligence algorithms to detect anomalies or automate processes in real time. The system does not require to use the cloud, and significantly reduces the cost of data processing and the risk of cyber-attacks.

Managing the risk of cyber-attacks is key for critical sectors such as electricity, water management, critical infrastructure services, as well as transport and logistics. Barbara already works with clients such as Iberdrola, Cellnex, Grupo Red Eléctrica, Grupo DIA and Global Omnium, among others.

“We want to become the reference for edge computing implementation,” said David Purón, Co-founder and CEO of Barbara. “We already work with multinationals in sectors such as electricity, water management, critical infrastructure and telecommunications. This financing round will allow us to grow in these markets and accelerate our European expansion.

Barbara’s technology allows for real-time processing and data analysis in photovoltaic plants, high and medium voltage grids, as well as substations. It enables the startup to develop new formulas that will accelerate the development of smart grids, positioning Barbara as the leading company in IoT and edge computing deployments within the energy sector.

Roma Jelinskaite, who led the deal on behalf of Caixa Capital Risc, said: I believe that the next phase of Industry 4.0 will focus on edge computing. Industrial companies are increasingly moving away from a centralized cloud model while developing a specific focus on solving security problems and threats. We believe Barbara can become a leading cyber-security industrial edge computing platform provider for industrial companies in the critical infrastructure sector.

Caixa Capital Risc, which is leading this round, is focused on investing in and supporting startups with strong innovation capabilities in cutting-edge B2B markets such as Industry 4.0 and cybersecurity, and in technologies such as edge computing and artificial intelligence, whose application is essential in critical infrastructures worldwide.

Óscar Cantalejo, head of Perseo’s venture capital program, added:The collaboration with Barbara is part of our commitment to the most promising startups through Perseo and helps us reinforce our leadership in the digitization of smart grids, one of the growth vectors of the future. In addition to our equity stake, we will contribute with our expertise in the energy sector to accelerate the growth of the company.

With this investment, Iberdrola is advancing in the digitization of electricity grids, one of the future growth vectors through a direct investment in this startup, with whom it is working on the development of Artificial Intelligence for Sustainable Energy Transition (IA4TES Artificial Intelligence Missions Project) and with i-DE, Iberdrola’s electricity distribution brand. 

Besides, the energy company is consolidating its relationship with Barbara, which is part of the Global Smart Grids Innovation Hub, its own innovation center that aims to lead the energy transition.

May 11 · 2022 GoHub Ventures

Wenalyze Raises €1,7M to Become a Reference for Open Data Analytics in the European Insurtech Framework

Wenalyze Raises €1,7M to Become a Reference for Open Data Analytics in the European Insurtech Framework

Wenalyze –the Spanish InsurTech focused on Open Data Analytics for simplifying insurance processes– has closed a €1,7 million investment round. Athos Capital led the round, with the participation of Bankinter through the Venture Capital Programme developed together with Bankinter Innovation Foundation, astoryaVC –venture capitals focused on InsurTech–, and GoHub Ventures –from the Global Omnium group.

Wenalyze is a digital solution that automatically collects information from Open Data sources to improve efficiency and precision of commercial lines’ risk assessment for the banking and insurance sectors.

Currently, in the insurance industry, more than 50% of SMEs clients’ data at worldwide level are incorrect, outdated or missing. Wenalyze updates, corrects and enriches the data with its technology. As a result, insurance companies and banks can better estimate the policies’ related risks and prices; this, in turn, brings along benefits both in terms of revenues (lower churn from clients because of better pricing) and opex (lower costs thanks to an improved efficiency).

This round will help Wenalyze move forward in grabbing what is considered to be a 2-trillion-Euros opportunity, consolidating its presence in Spain, UK and Germany through clients who are Tier 1 insurers, and even InsurTech players. At the same time, the company aims to keep growing in new European markets.

Carlos Albo, the CEO and Co-founder of Wenalyze, stated that Open Data sources are the new gold for the digital era. For the insurance sector, having data being updated automatically in real-time means not depending on clients filling out complex forms to gather their data, thus speeding up the processes of selling new policies. Most importantly, though, it means that the insurance operator will be able to proactively adapt the product offering to the needs and circumstances that a client has from time to time.

In turn, Fernando Castiñeiras, Managing Partner of Athos Capital, stated that “in spite of the digital revolution that has been happening over the last two decades across many industries, it is striking to see how many inefficiencies still characterise the insurance sector, both amongst traditional and newer players. Wenalyze offers these players the opportunity to increase their efficiency within a segment (that of commercial policies of SMEs) which is key within their portfolios, and yet has very tight margins. We are very proud to be backing the Wenalyze team at this stage, especially given that we are doing so alongside VCs such as Bankinter, astoryaVC and GoHub Ventures”.

Florian Graillot, from astoryaVC, indicated that as underwriting remains key to developing a sustainable insurance business, Wenalyze could help re/insurers supercharge their risk assessment process in commercial lines, with not only a huge amount of data, but most of all focusing on relevant data. And their traction with big names in the market as much as with leading InsurTech players shows how valuable their technology is for corporates. That’s why we are very excited to back the team, to accelerate its development across Europe.

Wenalyze’s founding team has a relevant experience in the insurance industry and has had extensive professional exposure working in large multinationals, both at technological and regulatory levels. Along with the founders, the company counts on a young gender-equal, and very competent team.

Mar 24 · 2022 GoHub Ventures

GoHub Ventures Invests €700,000 in Onirix, the ‘No-code’ AR Startup

GoHub Ventures Invests €700,000 in Onirix, the ‘No-code’ AR Startup

Onirix, the startup specialized in developing augmented reality (AR) content, has just closed a financing round of 700,000 euros led by GoHub Ventures, the venture capital fund associated to the Global Omnium group.

Throughout its first operation so far in 2022, GoHub Ventures strengthens its commitment to B2B SaaS models and emerging technologies such as no-code/low-code. The investment will allow Onirix to increase its investment in R&D and to position itself as a benchmark in AR content creation platforms.

The startup has developed a platform with technology no code that allows anyone to create augmented reality content intuitively and without prior knowledge of programming.

Through its no-code solution, Onirix makes it easy to create and publish any type of augmented reality content without the need to write lines of code. In addition, it manages to measure the impact and response of its audience. Thanks to its technology and its intuitive interface, the user has maximum autonomy to create the content they want, without having to worry about how to develop it.

Currently, the tool is used by important firms in the tourism, hospitality, retail and marketing agencies sectors, as well as large corporations such as Red Eléctrica de España, EDP, Capital Energy, Red Cross, Unilever or KPMG.

Pedro Sáez, CEO of Onirix: “We were looking for someone who understood deeptech, didn’t think in the short term and from whom we could also learn. Someone who would follow us in future rounds and be a benchmark in the entrepreneurial ecosystem. And all of this is fulfilled by GoHub Ventures We are fortunate to bring into our ‘family’ a partner that we are sure we will feel comfortable with, and push Onirix to a new level”.

Patricia Pastor, Managing Director of GoHub Ventures: “We invest in Onirix not only because we are convinced that augmented reality is a key technology that will have a direct impact on all areas of society, but also because we are committed to low code or nocode tools as the key that will allow us to move away from the vision of technical talent as a scarce commodity. Thanks to Onirix, the industry will have a greater offer and quality when it comes to providing AR services”.

Feb 10 · 2022 GoHub Ventures

GoHub Ventures Invests in Fracttal to Transform the Future of Physical Asset Maintenance

GoHub Ventures Invests in Fracttal to Transform the Future of Physical Asset Maintenance

Fracttal, a dynamic tech startup company dedicated to the development of advanced technology enabled solutions for maintenance and asset management, has secured an investment round of €4,3 million. The investment was led by Seaya Ventures, the leading investment fund in Spain, with the participation of GoHub Ventures, the corporate investment fund of the Spanish group Global Omnium. This round complements the investment made in 2018 by Scale Capital, who continues to support the company in this next growth stage.

Fracttal offers intelligent maintenance and asset management software (CMMS/GMAO/EAM), that is 100% mobile and cloud-based. These tools allow companies to manage their maintenance in a more sustainable, secure, and efficient way that guarantees the integrity and continuity of their operations, as well as the safety of workers.

Demonstrated improvements include reducing asset failures by over 25%, improving maintenance costs by at least 15% and increasing productivity by more than 35%, while also reducing accidents and operational risks. Fracttal, which counts companies such Acciona, Unilever, Iberostar, Veolia and FedEx, among its almost 1000 customers, directs its solutions to large multinationals and SMEs in various industry sectors, including manufacturing, facility management, energy, and transport in which it already has a significant presence.

With its main solution, Fracttal One, companies can remotely manage all maintenance operations from any device and for any type of asset, including equipment, vehicles, machinery, and facilities. This intelligent tool, a leader in several of the world’s most prestigious rankings, facilitates real-time collaborative work between different work teams and integrates with any ERP.

Fracttal One improves decision making, maximizes efficiency and extends the useful life of physical assets, while reducing incidents and unplanned downtime that can lead to delays, lost profitability, and accidents. Fracttal has also developed Predictto, an AI enabled predictive maintenance solution that allows companies to anticipate failure conditions with a high percentage of certainty. To do so, Predictto applies Machine Learning to bigdata, identifying the behavior of assets based on proprietary reliability and degradation models.

We know that 90% of companies globally do not have proper maintenance management solutions, and continue to use spreadsheets, so we have a lot to contribute with Fracttal One. In parallel we are also working on the future of maintenance through Predictto, which detects non-obvious data patterns, and not only predicts a failure before it happens, but provides advanced data and solutions to our customers’ operations,” says Christian Struve, CEO and Co-founder of Fracttal.

This investment round will allow Fracttal to accelerate its growth in Spain and Latin America as well as expand to Europe and the United States, with the objective of being global leaders in this sector. The company is already experiencing strong international growth through its customers, many of whom are multinationals that are taking the solution to multiple subsidiaries.

Christian Struve also adds: “We are very excited about this new phase where we will be able to invest in R&D and accelerate the creation of the most innovative solutions for our customers. There is no doubt that Seaya and GoHub Ventures are the ideal partners to expand our operations into new markets, scale exponentially, become global leaders, and achieve our purpose of transforming maintenance into a new era, reimagining how technology can impact the maintenance sector by making it more sustainable, safe and efficient”.

Pablo Pedrejón, Principal at Seaya Ventures, highlighted that: “In line with Seaya’s investment strategy, Fracttal has a founding team of great vision and leadership, with whom we share the goal of generating a positive impact on the society. The founding team has made Fracttal a leader in predictive maintenance, which will experience exponential growth in the coming years. Our main goal is to accompany them in international expansion and to become leaders in new markets”.

According to Jaime Barba, Board Member at GoHub Ventures and CEO at Idrica: “This investment once again reinforces our commitment to support the best technologies in the water sector and the industry that help us be more competitive and differential in the market”.

Fracttal was founded in 2015 by Christian Struve and Alejandro Pérez after its time in Start-up Chile . Today they have a team of over 80 people serving nearly 1,000 client companies in more than 30 countries with local operations in Spain, Chile, Mexico, Brazil, and Colombia. It also manages a growing partner network in more than 15 countries.

Jun 17 · 2021 GoHub Ventures