Geoblink lands £4.5m, preps European expansion
Location intelligence startup, Geoblink, has completed a £4.5 million funding round involving Elaia Partners and Nauta Capital. This also included grants from the Government of Madrid and Neotec CDTI, a public organisation for technology development in Spain. It will use the cash to fuel its growth across the UK, France and Spain.
CEO and Founder, Jaime Sanchez-Laulhe, says: "We want to make Geoblink the absolute leader in location intelligence and really help businesses of all sizes to use data to improve their bottomline and gain competitive advantage. In addition to the further support from Nauta Capital who has been an investor since 2016, we’re excited to have received funding from Elaia Partners who are a leading and active venture capital firm in the digital space. Their confidence in our technology and growth potential will enable us to really accelerate our presence.”
Also of interest: Q&A: Jaime Sanchez-Laulhe, CEO & Founder, Geoblink
Samantha Jerusalmy, Partner at Elaia, adds: “Throughout the investment process, we’ve had the opportunity to talk to a number of Geoblink customers and have been really impressed with their feedback in terms of ROI and the quality of the location intelligence provided by the company. Elaia has been investigating the Spanish ecosystem for a long time now and have made multiple investments in deep B2B technologies. As the first to be announced from our last fund, we are delighted to back the amazing Geoblink team."