Nauta Capital leads €1m round for Geoblink

As part of the deal, Nauta partner Jordi Viñas will join the management board.

According to a statement, Geoblink CEO Sánchez-Laulhé intends to use the fresh capital to further develop the company's product, launching new features. Moreover, Geoblink intends to bolster both the engineering and sales teams, with aims to double its staff in 2016.

Nauta held a first closing on $70m for its latest vehicle in September 2015 and is expecting a final close in H1 2016 with a target range of $115-175m, according to unquote" data.

Previous funding
In 2015, Geoblink raised a €175,000 seed round led by high-net-worth individual Iñaki Berenguer. More recently, the business raised a second €200,000 seed round from Spanish supermarket chain Mercadona's chairperson Juan Roig.

Company
Founded in March 2015 and headquartered in Madrid, Geoblink develops a software that helps retail companies develop their marketing and expansion strategy. The software includes market data analysis based on geographical location through business intelligence panels and maps.

Geoblink employs 10 people.

People
Nauta Capital – Jordi Viñas (partner).
Geoblink – Jaime Sánchez-Laulhé (founder, CEO).

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• Topics
• Early-stage
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• Nauta Capital