Axis and Baring inject €20m into Avanza

Axis committed capital in September this year, before Baring joined the funding round this month.

The investment will support the international expansion of the firm, with a particular focus on Latin America.

Company
Founded in 2003 and based in Madrid, Avanza specialises in outsourcing services and processes, including contact centre management, administrative processes, logistics and data collection.

The firm has 10 branches in Spain and a presence in Portugal, Argentina, Uruguay, Paraguay, Brazil, Colombia, Mexico, Peru and Miami. Its annual turnover reached €142m last year.

People
Guillermo Jimenez Gallego is general director at Axis. Luis del Olmo Casalderrey is CEO of Avanza.

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• Topics
• Southern Europe
• Support services
• Expansion
• Spain