Sherpa raises €5.8m series-A from Alma Mundi

Alma Mundi invested through its Alma Mundi Innvierte Fund, alongside several high-net-worth individuals.

According to press reports, the company will use the funding to bolster its product development and expand its team. The company also intends to widen its product to other languages, including English and Portuguese, as well as to expand geographically to Latin America.

In 2015, the management team inked an agreement with Samsung, which saw its app pre-installed on all of Samsung's smartphones in the Spanish market. According to reports, the company intends to expand to all Spanish-speaking markets.

Company
Based in Bilbao and founded in 2012, the company develops a personal assistant app for Spanish speakers. The software uses geolocalised and personal information to provide assistant services covering aspects such as news, restaurants, films and hobbies.

People
Alma Mundi Ventures – Rajeev Singh Molares, Javier Santiso (co-founders).
Sherpa – Xabier Uribe-Echebarria (founder).

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• Topics
• Early-stage
• Technology
• Southern Europe
• Spain