Agnitio SL (Spain) - Dec 2007

Nauta Capital has invested €2.6m in Spanish security company Agnitio through its Nauta Tech Invest II fund, becoming the main shareholder in the company. Nauta has acquired the stakes of some minority shareholders, including WebCapital fund. Nauta Capital has already invested around 65% of its second fund and plans to begin fundraising for its new fund in the middle of this year.

Company

Madrid-based Agnitio was founded in 2004 by researchers from the Universidad Politécnica de Madrid (UPM). The company was initially founded as a spin-off of UPM. The company creates products for identity management and identity verification, using voice biometrics currently used by law enforcement agencies. The financial sponsors will work closely with the current management team to consolidate the position of the company in the voice biometrics segment. The plan is to expand into the commercial private sector targeting mainly financial institutions and Big Business. Similarly, the backers plan is to position the company in the US market as part of its internationalisation strategy. In 2007 the turnover was reported at approximately €1m and employs around 23 staff.

People

Carles Ferrer of Nauta Capital led the deal.

Advisers

Equity - Garrigues, Alex Pujol (Legal)Vendor - Bufete Cripín de Vicente, Agustín de Vicente (Legal)

Sourced from: Southern Europe unquote" 71 (Feb 2008)

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Expansion
• Technology
• Spain