Holded, the Barcelona-based start-up that offers a SaaS to assist SMEs with a variety of organisation tasks, has raised EUR6 million in Series A financing. The round is led by Lakestar, with previous backers Nauta Capital and Seedrocket 4Founders Capital following on.
Established in 2016 by Bernat Ripoll and Javi Fondevila, Holded explains itself as a “Company Operating System.” The concept is to supply a single platform for little to medium-sized business owners to manage every element of their business.
The SaaS covers monetary management such as accounting and invoicing to HR, CRM and task and stock management. In addition, the customisable platform provides several integrations to get in touch with a variety of popular payment and e-commerce services. They include Amazon, PayPal and Shopify.
Alongside this, Holded has the ability to “automate” a variety of core business administration jobs through the cloud-based platform’s own AI. It also utilizes data garnered through the usage of the software to benchmark service performance and provide supervisors and entrepreneur with actionable insights with regards to how they might increase sales, decrease expenditures and save time.
Ripoll states the company set out to develop next-generation Enterprise-Resource-Planning (ERP) software that addresses the needs of modern-day business, which is something that appears to be resonating with SMEs. Because closing its seed round in early 2018, Holded has actually increased user numbers from 10,000 to 30,000, declaring to now be the leader in Spain.
On the other hand, Holded states the brand-new capital will be utilized to accelerate its expansion into international markets. The Spanish startup will likewise invest even more in the development of the software application’s core functionality.
“[We] now aim to reproduce this [success] in other nations while continuing to combine the Spanish market,” says Fondevila, adding that the start-up prepares to present new product features and “country-specific” integrations.