Back Fund invests in startups developing advanced technologies with an international focus.

Back Fund, a Spanish company specializing in early-stage startups, has closed its first investment vehicle of 1 million euros. Through this initiative, 50 small investors with varied profiles, such as entrepreneurs, directors of Innovation at large companies, and employees of technology companies, have collaboratively invested in 16 startups selected from over 1,500 projects, contributing a ticket of 20,000 euros each.

The Back Fund portfolio consists of startups in preseed and seed stages, with 70% of them not having the product in the market at the time of investment. These projects, focusing on advanced technologies and B2B management tools, have a strong international vocation. Each startup has received an investment of 50,000 euros, except for two that have undergone a second round of funding.

Among the 16 selected startups, seven are from Barcelona (Gelpiu, WitSound Technologies, Balio, Nuwe, Nester, Emotional, and Dolfin), two from Madrid (Venped and Clariteia), two from Galicia (AirCO2 from A Coruña and e-Yard from Vigo), and the other five are distributed between Valencia (Ordatic), Málaga (Cober.io), Toledo (Qsimov), Asturias (Imageryst), and Bilbao (QCentroid).

“We apply a key criterion to select our investees: that there is a team of founders with solid knowledge of the sector and the capabilities to evolve the startup. In addition, we look for projects that can internationalize from the outset, without depending on licenses or state regulations to scale to other markets. All the startups in our portfolio meet these criteria, and the vast majority have already achieved significant milestones that will allow them to increase their valuation as a company in the coming months,” explains Karel Escobar, CEO and founder of Back Fund.

Back Fund’s value proposition

The Back Fund model is based on offering support to startups in early stages, helping them overcome the difficulties of obtaining quality financing. In addition to providing 50,000 euros in capital, they assist in completing their first round of financing professionally and work together to boost their growth.

Simultaneously, Back Fund creates an investment community where small investors have the opportunity to co-invest and work directly with startups with potential without the need to expose a large capital. The 50 ‘Backers’, as the members of the investor community are called, offer monitoring and mentoring to startups during their first years, helping them generate business and gain traction in the market.

“We work with founders on the needs that arise during the development of their project, providing value in product and technological development, in addition to introducing them to potential investors and clients. We are proud to have facilitated our portfolio companies in signing 15 contracts with clients worth over 700,000 euros,” emphasizes Karel Escobar.

Partner in corporate investment

The company plans to launch a new investment vehicle focused on early-stage Deep Tech technologies, an area expected to experience significant growth in the coming years. Additionally, they have developed a line of activity aimed at corporate investment, acting as a partner for companies interested in investing in startups with technologies applicable to their sectors.

“Back Fund is not a consulting firm, but we bring all our knowledge about early-stage startups, financing mechanisms, and project launches to public and private organizations interested in working with startups. We help them in executing programs to achieve pre-established metrics and deliver tangible results,” concludes the company’s CEO.

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