Caixa et al. invest €400,000 in Alpify

The funding will be used to fund international expansion, including implementation of a recent agreement to launch the service in Caracas, Venezuela.

Capital for the transaction was drawn from Caixa Capital TIC II, a vehicle focusing on digital technology businesses in the telecommunications, software, internet, e-commerce, gaming and entertainment sectors.

In August, the VC's portfolio company vLex, an online legal research platform, also expanded into South America with the acquisition of Argentine software-as-a-service firm Quolaw.

Company
Founded in 2013 and headquartered in Barcelona, Alpify is an app enabling skiers to send their GPS location to emergency services in case of distress. The service currently has 70,000 users and integration agreements with emergency services at ski resorts in Spain, France, Argentina, Turkey and Kazakhstan. Alpify also has operations in Andorra.

People
Guillem Viladomat is founder and CEO of Alpify.

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• Topics
• Expansion
• Southern Europe
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• Caixa Capital Risc