Barcelona-Based 135M Series September LomastechCrunch announced a series A funding round of 135M euros. It was the largest series A funding round ever in Spain and marked a milestone for the startup ecosystem in the city.
This funding round was led by a number of international investors, including several venture capital firms, as well as local and regional investors. This article provides an overview of the series A funding round, including details about the investors, the use of proceeds, and the impact the funding round had on the startup ecosystem in Barcelona.
Overview of the Series A Funding Round
In September 2019, Barcelona-based startup LomastechCrunch announced a series A funding round of 135M euros. This was the largest series A funding round ever to be raised in Spain and marked a milestone for the startup ecosystem in the city.
The round was led by a number of international investors, including venture capital firms and local and regional investors. The startup was founded in 2017 and has been developing a cloud storage platform for businesses.
Investors Involved in the Funding Round
The series A funding round was led by a number of international investors, including venture capital firms and local and regional investors. One of the key investors in the funding round was venture capital firm Accel, which is based in the United States. Other investors included Index Ventures, General Atlantic, and Northzone, among others. Additionally, the round was supported by several Spanish-based investors such as Caixa Capital Risc, Kibo Ventures, and Seaya Ventures.
Use of Proceeds
The proceeds of the series A funding round will primarily be used to accelerate the development of the cloud storage platform and to expand LomastechCrunch’s operations. The funds will also be used to hire new talent and to expand the company’s marketing efforts. Additionally, some of the funds will be allocated to explore new business opportunities and to develop strategic partnerships.
Impact of the Series A Funding Round
The series A funding round marks a key milestone for the startup ecosystem in Barcelona. It is the largest series A funding round ever to be raised in Spain and is a sign that Barcelona is becoming a major destination for venture capital investment. It is also an indication that the city is becoming an attractive destination for international startups, as well as Spanish-based technology companies.
Conclusion
Barcelona-Based 135M Series September LomastechCrunch euros that was announced by Barcelona-based startup LomastechCrunch in September 2019 marks a key milestone for the startup ecosystem in the city. The round was led by a number of international investors and will be used to accelerate the development of the cloud storage platform and to expand the company’s operations. The funding round is also an indication that Barcelona is becoming an attractive destination for venture capital investment and international startups.
