Holded, a management software for SMEs, has announced a financing round of $1.6m from Nauta Capital, a pan-European VC firm investing in early-stage technology companies. The funds will be used towards product development, marketing and internationalisation.
Based in Barcelona, Holded was founded in 2016 by Bernat Ripoll and Javi Fondevila. The company has developed the first ERP (Enterprise Resource Planning) for small businesses that allows business owners to handle their accounting, billing, client management (CRM), project management and inventory from one single platform. In addition, Holded offers multiple integrations which automate a large number of transactions and processes including; payment processing, bank statement reconciliation, or synchronizing sales data with e-commerce platforms such as Amazon, Shopify or Prestashop.
Since launching the first version of the product 12 months ago, Holded has acquired more than 10,000 users with limited resources.
Javi Fondevila, Co-founder and Co-CEO of Holded.said: "We have exceeded our expectations. During the first year, we expected to work on the product and understand the market but the commercial traction has been exceptional, with more than 50% of our clients coming from referrals - users are our biggest fans. This shows that Holded adds real value to small businesses and that the market needs us."
According to the World Bank and IFC (International Finance Corporation), there are more than 120 million small businesses around the world and they are the growth engine for most major economies. Their biggest challenge is to adopt new technologies that streamline their business processes. Those who have already adopted some technologies face another problem: there are many different solutions that only cover specific business needs. Holded is the ultimate solution that integrates all small business processes in one platform, simplifying the overhead of business management at affordable prices with a fast and easy implementation.
Jordi Viñas, Partner at Nauta Capital, commented on the investment: “Since the very beginning Holded has shown a strong traction and the ability to grow in a capital efficient way thanks to the high level of virality of the platform."
"The confidence that Nauta Capital has shown investing in Holded is a clear sign that we are after a great market opportunity in the segment of small business software solutions. It’s a global problem without a clear market leader. With our experience and the new funding, we will speed- up our product development and expand to new markets faster", added Bernat Ripoll Co-founder and Co-CEO of Holded.
About Holded
Holded is a management software for small businesses with applications for billing, accounting, CRM, project management and a range of integrations that allows Holded to connect with banks, ecommerce platforms and marketplaces such as Shopify and Amazon. The platform automates over 50% of administrative tasks., For example, it generates 95% of the accounting inputs of a company automatically, through billings issued andthrough automatic synchronization with banks. Founded in 2016, Holded has received funding from Nauta Capital, several Business Angels and seed funds Visit www.holded.com for more information.
About Nauta Capital:
Nauta Capital is a pan European Venture Capital firm investing in early-stage technology companies. Nauta has presence in London, Barcelona and Boston. Main areas of interest include B2B Software propositions, disruptive Digital Media companies, and enabling technologies for Mobile and the Internet. Nauta has $300+ million under management and invests in Western Europe and the USA. Nauta has led investments in 30+ companies including Brandwatch, Fizzback, Nextail, GreatCall, Marfeel, MishiPay, Force Manager, Onna, Scytl, Getapp, BeMyEye, Geoblink, Aba English, Privalia and Social Point. For more information, visit: www.nautacapital.com
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