Samaipata et al. in €2m round for OnTruck

According to local media, the GPs each invested an equal amount in the round.

The company currently provides deliveries within 150 miles of Madrid and Barcelona and aims to use the capital injection to expand its geographic remit to include the Valencia area, with further expansion into the UK and Germany by 2017.

Company
Founded in June 2016 and headquartered in Madrid, OnTruck is an online marketplace connecting freight companies with SMEs.

People
Samaipata Ventures – José del Barrio (CEO); Ignacio Trovar (principal).
Point Nine Capital – Pawel Chudzinski (co-founder, managing partner).
OnTruck – Iñigo Juantegui (general director).

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• Topics
• Expansion
• Technology
• Southern Europe
• Venture
• Spain