Upbizor has closed an excellent 2021 in financial terms, after achieving 50 million euros in non-dilutive financing in 2021 for SMEs and startups, almost a 57% more compared to 2020.
Looking ahead to 2022, the independent financial consultancy, founded in 2017, expects to increase this figure by 20% and exceed 60 million euros. In addition, it has generated 5 million euros of tax incentives for R&D&i.
In total it has added more than 600 applications, compared to 350 the previous year, of which 200 are from ENISA loans, having managed to exceed 20 million euros of public financing for startups through this’. Some of the startups that have achieved ENISA with the financial consultancy are Aticco Labs, Hubble, Jotelulu, Stockagile, Väcka, Seniors, Yakk, among others.
The consultancy has also seen how its client portfolio has increased compared to previous years: it closes 2021 with a increase of 300 new clients that are added to the portfolio of its more than 500 recurring clients, who have come back to Upbizor’s services in their different stages of growth. Among its new clients are Factorial, Hamelyn, Laagam, PSquared, GreyGlasses, Brickbro, Idoneo, Delitbee, Hunty, Stockagile, or Criptan, among others.
In the field of services, it has expanded its range of products in the area of external financial management (‘external CFO’), which currently has a portfolio of more than 60 companies. This service is being managed with the support of the new Orama Software, a tool that allows the structuring and organization of the historical and future cash flow of a company.
Growth in Valencia
In 2021 Upbizor has reinforced its presence in Valencia advising more than 200 projects during the last six months. The company has been present since April, after signing an agreement with Lanzadera that allowed it to have its own office in the Marina de Empresas.
Likewise, Upbizor maintains the growth trend with a workforce that has increased from 20 to 30 people in 2021. “We are prepared to continue growing this 2022, both in clients and in staff»declared Jordi Altimira, CEO and General Partner of Upbizor. “We plan growth in various areas: launch of financial products for training, M&A solutions for entrepreneurs or mastery of all funding solutions for technology companies. In addition, we plan to open in other cities in Spain through strategic partnerships»adds Altimira.
Upbizor will continue with its investment branch in Fintech and SaaS startups, as it participated in Dust and Hellotickets at the end of 2021, as well as reaping exits from its portfolio of companies such as Keyless.
