Holded, founded by Bernat Ripoll and Javi Fondevila in 2016, has raised a €6 million Series A round. Lakestar led the series with participation from existing initial investors Seedrocket 4Founders Capital and Nauta Capital.
This Barcelona-based startup has built a “Business Operating System.” This system is designed to support small to medium-sized business owners to manage all phases of their enterprise using a single platform. Additionally, the company utilizes data collected through software to provide managers and business owners with actionable insights on how to boost sales, decrease expenses and save time.
As per information from the European Commission, over 90% of the 23 million SMEs in Europe are smaller scale organizations with around ten employees. Such companies regularly do not have the proper resources needed to maintain their businesses productively. This issue is solved by Holded.
In early 2018 Holed finished their seed round, since then it has developed essentially, with the number of clients expanding from 10,000 to 30,000 in only a year. The startup intends to utilize the funds to quicken its development into global markets. Additionally, the new capital will be used in doubling its staff and reinforcing the core functionality of the platform.
Ripoll tells they are also prepared to build next-generation Enterprise-Resource-Planning (ERP) software that solves the inadequacies of modern organizations, that seems to be resonating with SMEs. Also, Fondevila added that the startup intends to launch new product features and integrations that are country-specific to spread their accomplishments in other countries as well.