We present the largest financing rounds closed in the US by Spanish technology companies in 2017. We also analyse the investment round of Red Points, specialised in anti-piracy and anti-counterfeiting cybersecurity, in which it received €10M.
We present the largest financing rounds closed in the US by Spanish technology companies in 2017. We also analyse the investment round of Red Points, specialised in anti-piracy and anti-counterfeiting cybersecurity, in which it received €10M.
About Red Points
Red Points is a Spanish technology company dedicated to the development of solutions against online counterfeiting and piracy of digital content.
Its technology enables customers to automate the identification and elimination of counterfeiting and piracy, using an advanced keyword monitoring system with image recognition that detects intellectual property infringement wherever it occurs.
The company currently removes more than 200,000 incidents of illegal products and content each month for brands and companies in online marketplaces, social applications and websites, with an efficiency rate of 96%.
Founded in 2011 in Barcelona by Intellectual Property lawyer Josep Coll, Red Points achieved an annual growth rate of 350% in 2017 and expanded its client portfolio from 100 to 300 clients worldwide. These clients include internationally renowned companies such as Hearst Magazines, Universal Studios, Condé Nast, Hawkers, Paris Saint Germain and Foreo, among others.
Red Points sells its anti-piracy and anti-counterfeiting solutions mainly in Europe, and is starting its activity in the US. In fact, it has decided to open an office in New York in February 2018.
Red Points closes €10M investment round
Red Pointsa Catalan company that has developed a solution to protect content and brands on the internet against piracy and counterfeiting, has closed a €10M funding round.
The round, which aims to expand Red Points' business operations in the US and Europe, was led by venture capital firm Northzone, which was joined by previous investors Mangrove and Sabadell Venture Capital (Banco Sabadell's venture vehicle).
According to its president and founder Josep Coll, Red Points needs to lead the sector "in terms of technology, professional experience and knowledge" to remain the number one solution in the fight against intellectual property abuse. In this sense, Josep Coll added that this investment round brings them closer to that goal.
Jessica Schultz, a partner at Northzone, said Red Points' solutions are at the forefront of innovation, which is why she believes they have "a real competitive advantage compared to other offerings in the market" that are more service-focused.
Spanish technology companies with the largest rounds in the US in 2017
| Company | Description | Country | Amount | Year |
|---|---|---|---|---|
| Lexicon Pharmaceuticals | Lexicon Pharmaceuticals is a biopharmaceutical company focused on the discovery and development of pharmaceutical products for the treatment of human diseases, including immunology, metabolism, cardiology and ophthalmology. | USA | $150M | 2017 |
| $4,66M | 2014 | |||
| Recursion Pharmaceuticals | Recursion Pharmaceuticals combines high-throughput experimental biology, bioinformatics and machine learning to rapidly identify new indications for many known drugs and archived actives. | USA | $64M | 2017 |
| $12,9M | 2016 | |||
| $2,65M | 2015 | |||
| RondinX | RondinX has developed a drug discovery platform that develops solutions in the therapeutic microbiome and complementary diagnostic spaces. | Israel | $2,5M | 2016 |