The consultant, Upbizorhas achieved 75 million euros in financing last year, for SMEs and startups, 50% more than in 2021. Looking to 2023, it plans to increase this figure by 35% and exceed 100 million euros. In addition, it has generated 10 million euros of tax incentives for R+D+i.
In total, it has added more than 1,000 applications, compared to 600 the previous year, of which 250 are from ENISA loans, having managed to exceed 25 million euros of public funding for startups through this and approaching 20% of the budget of the public entity.
In the service area, it has consolidated the product of external financial management, which currently has a portfolio of more than 100 companies. Definition of the financing roadmap, business plan, business metrics and business intelligence are the key points of the service. Within this same framework, it has also expanded its range of products in the area of preparation of the financing round: definition of the business plan, company valuation, investment deck, creation of the data room and legal part. More than 100 companies have trusted the preparation of their capital increase with the independent consultancy.
Consolidation in Marina de Empresas, in Valencia
Upbizor consolidates its physical presence in Marina de Empresas, contributing its expertise in a one-to-one mentoring format with companies accelerated in Lanzadera and invested by Angels Capital.
On the other hand, the consultancy continues to promote investment in technology startups in the seed phase, having invested in 2022 in companies such as Dost, Overexport, Food for Joe and Floorfy. Also, it has consolidated ‘exits’ and divestments in companies such as Kantox (acquired by BNP Paribas), being the seventh successful divestment of its portfolio.
With a view to the new financial year 2023, Upbizor has announced that it will open a line of investment in venture capital funds through its own vehicle. The first fund-of-funds operation will be announced shortly.
Regarding your billing, this has grown 50%, doubling the profit after taxes. The increase in profitability is due to a greater scalability of the model, based on investment in technology in financial areas, recruitment based on quality content and access to talent that fits with the company’s values.
«Upbizor’s purpose remains the same as on the first day, based on promoting the growth of companies from financial expertise, as well as achieving the professional development of the entire company team. Looking ahead to 2023, we expect to maintain our growth trend in the workforce by 20% -currently made up of 30 people between face-to-face and remote-, with the continuous hiring of talent”, he declared. Jordi Altimirafounder and CEO of Upbizor.
