Moira invests in Voovio Technologies

The investment was made via a capital increase and will be used to support the company's growth, the expansion of its sale and operation teams in the US, and the development of its hosting and cloud services.

Following the deal, Voovio's management team, led by Juan Bautista Gómez and Jaime Aguilera, will stay on with the business and continue to lead the company.

This is the second deal inked by Moira during the coronavirus pandemic, following its investment in logistics operator Goi, signed in July.

Moira invests in Spanish companies, with a special focus on innovation and business transformation. The firm has invested around €150m so far, across 10 companies operating in various sectors.

Company
Established in 2008, Voovio develops enhanced virtual-reality-based software for companies operating across the chemical and petrochemical, energy, mining, semiconductor and water treatment industries.

Its client base includes international corporations such as BASF, Dupont, Eastman, Praxair and Suncor, among others. Voovio expects to reach revenues of $35m in the next three years.

The company is headquartered in San Sebastián, with an additional office in Houston, US.

People
Moira Capital Partners – Javier Loizaga (chair).
Voovio Technologies – Bautista Gómez, Jaime Aguilera (co-CEOs).

Advisers
Company – Norgestion (corporate finance).

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