Active Venture secures minority stake in Incubout

The financial terms of the deal were not disclosed. Active Venture is currently investing from its Amerigo Innvierte Spain Ventures FCR fund. The vehicle closed on €54m in 2012 and typically deploys tickets of €500,000-5m.

The Spanish VC was already familiar with Luis Krug and Emrah Hizarci, the founders of Incubout, having backed their previous venture Oooferton. The VC firm invested €500,000 in the online sales website in exchange for a minority stake in 2010 and had already known the company's founder for more than four years at the time, according to unquote" data.

Incubout now plans to expand further in the Middle-Eastern and south-east Asian markets.

Company
Headquartered in Barcelona and founded in 2013, Incubout develops digital commerce frameworks as white-label SaaS products for online stores. The company operates additional offices in Istanbul and Hong Kong, and currently employs 17 people.

People
Esteve Jané worked on the deal for Active Venture. Luis Krug and Emrah Hizarci are the co-founders of Incubout.

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• Topics
• Southern Europe
• Expansion
• Technology
• Spain