What kind of alternative financing are startups getting?
Although venture capital continues to be the most important form of alternative financing, with 38.1% of the total, in 2015 it has lost share to other forms of financing such as business angels and crowdfunding.
Investment by business angels in our country has grown from 16.1% in 2014 to 31% in 2015. This represents a large increase that shows that we are gradually recovering from the crisis and creating technology companies that have the potential to grow and compete in the international market.
Crowdfunding, although still a minority, has gone from representing 0.6% of the pie to 3.3%. This year great steps have been taken in this area and the foundations have been laid for this type of financing, which has so much potential, to grow. In addition to the crowdfunding regulation law, many of these platforms, such as LoanBook, which closed a round this week, have received the support of investors to be able to grow and there are already platforms such as MytripleA registered with the Bank of Spain as a Payment Entity. In addition, these platforms are signing agreements with banks and institutions.
Which sectors are receiving the most support?
The sectors where most activity is recorded are financial technologies or fintech (9.91 btw1T of the volume), tied with e-commerce, which this year has lost weight from 181 btw1T to 91 btw1T. In third place are transactions ehealth (8,8%).
Among the deals that have been closed in the fintech sector in Spain, the most noteworthy are those of significant size: Peertransfer, Kantox, Spotcap y Digital Origin.
Peertransfer is a payment solutions platform for the education sector based in Valencia and Boston that received a $22M round in January. Foreign funds Bain Capital Ventures, Spark Capital, Devonshire Investors, Accel Partners and QED Investors participated in this round.
The round will be used to accelerate international growth, expand coverage and penetration in US colleges and universities, and advance the company's cross-border payments platform.
Kantox is dedicated to the exchange of currencies between companies without bank intermediation. The company has already completed its third round of financing.
Spotcat and Digital Origin are two online platforms that facilitate fast and flexible online financing for SMEs. These two companies have received rounds of €5M and €15M.
If you are looking for financing, please contact us. Abra-Invest has a team of experts in alternative financing with many years of experience. Call us on + 34946424142 or fill in the contact form.
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