Last year in Spain 19% of startups were seeking fundinganother 19% visibility and 18% strategic agreements, according to the 2022 Entrepreneurship Map report. The reason why startups bet on these accelerators has to do with a drive towards success, whether through capital, investment, Possibility of establishing new networks of contacts or guidance (mentoring).
While many accelerators have focused on specializing in a single service, there are others, such as Bcombinator, which has become a all in one hub, thus managing to cover the needs of all startups. The Startup Venture Corporation Bcombinator, born with the aim of building successful startups and investing in international founders, has announced its expansion plan after increase capital by two million euros. This accelerator, which has, after 18 months, a portfolio of more than 50 startups valued at tens of millions, seeks to bring its services to Southern Europe and LATAM, starting with Madrid.
The legal firm has entered into this capital increase SIL SilverVenture Capital investors from Silicon Valley and Tel Aviv specialized in Deal Advisory, as well as successful entrepreneurs who have created, internationalized and sold their startup. “The goal is to be the leading startup hub in Spain and Portugal in the short term, and for this we have sought to create a ‘dream team’ for the sector; people who do not add, but multiply”, affirms Sergi Vila.
Bcombinator will begin this expansion by first passing through the center of the country: with the capital increase, it will give strategic entry to key partners that will allow it to start operations in Madrid.
The conversion of Bcombinator into the ‘all-in-one’ hub for entrepreneurs (coworking, incubator, accelerator and investment fund) has brought success to the accelerator that now translates into ambitious goals: by 2027, the accelerator will seek to expand to more than 10 locations in Southern Europe and LATAM, where it will incubate, accelerate and/or invest in more than 300 startups per year. anus.
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Bcombinator was born in Barcelona aiming to be the lead actor from the ideation phase to the product-market fit from all over Europe. For this reason, unlike other accelerators, Bcombinator is an “all-in-one” hub for entrepreneurs, ranging from incubation to venture capital, going through acceleration or Coworking.
As Erik Brieva, president of Bcombinator, clarifies, “We seek to put the entrepreneur at the center. Unlike other accelerators, Bcombinator is founded and run by successful entrepreneurs, who know the market well”. This makes Bcombinator the only hub for Startups Hands On, following “A personalized methodology for each project where new entrepreneurs work hand in hand with other successful entrepreneurs who have already gone where they are going to go”clarifies the president of Bcombinator.
According to Sergi Vila, CEO of Bcombinator, “Our goal is that, once the startups go through Bcombinator, they come out with a ‘quality seal’ that makes it easier for them to raise investment, attract talent and clients, and quickly scale their business. But at Bcombinator we put profitable business models at the center: businesses that can scale and grow very fast, so that as they scale, revenue grows much faster than costs. We have seen in the last decade many businesses, such as WeWork or Uber, that as they scaled, costs grew at the same rate as income, or even more. We seek economies of scale, not create zero-sum markets.”
