GoHub Ventures announces its second consecutive investment in the US. The chosen startup is BaseCap, a data quality company specializing in data validation and monitoring that has raised an $8.2 million Series A round.
This operation is led by two American funds with great expertise in the financial sector, L’Attitude Ventures and Mendon Venture Partners, with GoHub Ventures following along with Viena-based Cherrypick Ventures.
Through this round, GoHub Ventures reinforces its global strategy based on the commitment to invest in startups with B2B software models. Recently, GoHub Ventures launched its Fund II, endowed with 60 million euros and endorsed by the Securities & Exchange Commission (CNMV).
With growing traction in fintech in the U.S., BaseCap’s software can also be applied to businesses and companies in other verticals, such as health and insurance, given their vast use cases. In the case of a mortgage lender selling loans through the mortgage marketplace, it may happen, that the buyer of such loans uses data in a different format. BaseCap automatically transforms the data, validates its integrity, and saves the client time and money.
Inés Calabuig, managing partner at GoHub Ventures, stresses that the fund aims to “identify technologies with enough potential to revolutionize entire industries. And that is exactly what we think BaseCap will achieve with its data automation systems. Led by Steven and Nicolas, this is one of the best teams we have met lately, and we are convinced that the startup has a differentiating platform for hundreds of thousands of financial, insurance, and healthcare companies.”
“We are incredibly excited by the product expertise in enterprise software and the global expansion opportunities that come from partnering with an investor like GoHub”, says Nicolas Guillen, Co-Founder and CFO at BaseCap.
This is GoHub Ventures’ second consecutive investment in the U.S. A month ago, it unveiled its stake in LifeX Ventures, a $100 million venture capital vehicle heavily focused on longevity and climate tech. Geographic diversification is one of the keys to Fund II, whose base will continue to be B2B SaaS startups specializing in verticals such as AI enterprise, web3, sustainability, and fintech/insurtech.
Image: Steve Smith (left) and Nicolas Guillen, cofounders of BaseCap.
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