Caixa leads €2m round for Stinser

The fresh funding will enable the expansion of the firm's facilities in Miranda de Ebro. The company also intends to begin an export programme.

Caixa invested via Caixa Innvierte Industria, a €23m fund that backs Spanish SMEs in the industrial transportation, equipment and machinery, and chemical and pharmaceutical industries.

Company
Founded in Burgos in 2009, Stinser provides management services to steel companies to facilitate the management of steel supply and allocation. Services range from support in the selection and purchase of steel to logistics and final conditioning. The firm's key clients are in the automotive and household appliance sectors.

Stinser has 23 employees and revenues of around €10m. The company expects its turnover to double by 2018.

People
Carlos Trenchs is a director at Caixa Capital Risc. 

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• Topics
• Southern Europe
• Support services
• Expansion
• Spain
• Caixa Capital Risc