Madrid-based Lomastech has raised 108 million euros in a Series B round of funding, bringing its valuation to 290 million euros. Led by Vitruvian Partners and joined by existing investors, the 80K TechCrunch Disrupt Madrid startup is on a mission to revolutionize the way companies manage their assets. In this article, we’ll take a closer look at how Lomastech is using cutting-edge technology and innovative solutions to revolutionize the asset management industry.
Madrid-based startup 108m 290m €80k from lomastechcrunch
108m is a Madrid-based startup that has raised €80k from lomastechcrunch. The startup is focused on developing mobile apps and games.
With the funding, 108m will continue to develop its suite of mobile apps and games. The company is also planning to expand its team in order to support its growth.
What does the company do?
Madrid-based M&M is a provider of business management software solutions. Its products are designed to help small and medium businesses streamline their operations, improve communication and collaboration among employees, and better track their progress towards meeting goals. The company also offers custom development services to help businesses tailor its software to their specific needs.
How will the money be used?
The money will be used to fund the company’s expansion into the Madrid market. The company plans to use the funds to open a new office in Madrid, hire additional staff, and expand its marketing efforts.
Previous investors
1. Previous investors:
Madrid-based M&M K Lomastech has raised a €1 million seed round from Spanish VCs Kibo Ventures and 51N4E to bring its aerial mapping and surveying tech to market.
Founded in 2016, Lomastech uses drones equipped with specialised cameras and sensors to capture high-resolution images and data that can be used for a range of applications including topographical mapping, surveying land areas for construction projects, and monitoring agricultural crops.
Valuation
Valuation is one of the key considerations for any startup, and Madrid-based M&K Lomastech is no different. The company, which provides a mobile platform for businesses to manage their field operations, has raised €1 million in seed funding from Spanish VCs Kibo Ventures and Seedrocket 4 Founders.
This round of funding values the company at €6 million, according to co-founder and CEO Mario Martín. This is a significant increase from the €1.5 million valuation the company had just six months ago when it raised its first round of funding from Seedrocket.
The company will use the new funding to continue building out its product and expanding its team. It also plans to launch a new product feature in the coming weeks that will allow businesses to track employee productivity in real-time.
Madrid as a tech hub
1. Madrid as a tech hub:
Madrid is quickly becoming one of Europe’s leading startup ecosystems. The city is home to a growing number of innovative companies and talented entrepreneurs.
There are many reasons why Madrid is an attractive destination for startups. The city offers a great quality of life, a vibrant culture, and a competitive cost of living. Additionally, Madrid has a strong infrastructure for supporting businesses. There are numerous coworking spaces, incubators, and accelerators in the city.
Madrid also has a large pool of talent to draw from. The city is home to several top universities, such as Complutense University of Madrid and Autonomous University of Madrid. Additionally, there are many international students who come to study in Madrid each year. This provides startups with access to a highly-skilled workforce.
Finally, Madrid is well-connected to the rest of Europe and the world. The city has two major airports and is served by high-speed rail lines. This makes it easy for startups to connect with investors and customers abroad.
Competition
1. Competition in the tech industry is fierce.
2. There are a lot of talented people out there with great ideas.
3. You need to be able to stand out from the crowd and be different.
4. Be creative, be innovative, and be the best that you can be.