Spanish startup CASEonIT, creator of MedUX, has raised a total of 3.5 million euros after closing its first round of financing during the second quarter of 2017. The round, led by Inveready Technology Investment Group, will go toward the development of its solution MedUX, which measures user experience and service quality on telecommunication networks. A family office also participated in the round.
Inveready, one of the leading investors in the field of telecommunications in Spain, has committed to the growth of one of Spain’s most promising startups in the sector. CASEonIT, headquartered in Madrid and founded in 2014 by Luis Molina and Agustín Batiz, has been held by the tech consulting firm Nae since its creation.
The 3.5 million euros in funding will allow the company to speed up the development of its technology, expand internationally, and establish itself as a leader in the market for measuring the quality of customer experiences.
With substantial experience in the sector, Luis Molina and Agustín Batiz both have high-profile consulting backgrounds and experience working with some of the industry’s most important companies. The professional team at CASE is made up of more than 50 employees and is expected to see significant growth in the coming months.
The company has marketed its solution in more than 10 countries, with a strong presence in Latin America and Europe. Internationalisation and diversification into new markets is one of the main strategies of the company, which ended 2016 with a turnover of 2.5 million euros and an ambitious growth plan.
MedUX is currently being used by large telecommunications operators such as Telefónica, AT&T, Claro Colombia (Grupo América Móvil), Vodafone, and Orange, as well as by governments and regulators, as is the case in Colombia and Costa Rica, among others. MedUX is an innovative solution that helps operators improve user experience and increase customer loyalty through the use of machine learning and artificial intelligence.
About Inveready
Inveready Technology Investment Group (www.inveready.com) is the first Spanish investment group focused on innovative companies in their early stages of life with financial needs of between 1 and 4 million euros. Inveready has offices in Barcelona, Madrid, and San Francisco, as well as five investment vehicles that have over 100 million euros and 150 private investors under management. Since its inception, Inveready has invested in more than 100 companies.
About Nae
NAE (www.nae.es), founded in 2004, works with telecommunications operators, large companies, and public administrations to anticipate the challenges of growth and transformation in the market, improving business strategy and operational efficiency in environments of high competitiveness and complexity. With offices in Mexico, Colombia, and Spain, the Nae team is made up of over 250 professionals
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