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Holded, the ‘business operating system’ for SMEs, gets €6M in Series A funding led by Lakestar

Holded, the Barcelona-based startup that offers a saas to assist SMEs with a range of business tasks, has raised €6 million in successions a funding. The circular is led by Lakestar, with previous backers Nauta Capital and Seedrocket 4Founders Capital following on.

Founded in 2016 by Bernat Ripoll and Javi Fondevila, Holded describes itself as a “Business Operating System.” The concept is to provide a solo platform for tiny to medium-sized business owners to oversee every aspect of their business.

The SaaS covers financial management such as accounting and invoicing to HR, CRM and project and inventory management. In addition, the customisable platform offers multiple integrations to connect with a number of well-kown payment and e-commerce solutions. They include Amazon, PayPal and Shopify.

Alongside this, Holded is able to “automate” a number of core business administration tasks via the cloud-based platform’s own AI. It also uses data garnered through the use of the app to benchmark business performance and provide managers and business owners with actionable insights with regards to how they might increase sales, reduce expenses and save moment.

Ripoll says the company set out to develop next-generation Enterprise-Resource-Planning (ERP) app that addresses the needs of modern companies, which is something that appears to be resonating with SMEs. Since closing its seed circular in early 2018, Holded has increased user numbers from 10,000 to 30,000, claiming to now be the boss in Spain.

Meanwhile, Holded says the brand-new capital will be used to speed its expansion into intercontinental markets. The Spanish startup will also invest further in the development of the app’s core functionality.

“[We] now aim to replicate this [victory] in other countries while continuing to consolidate the Spanish marketplace,” says Fondevila, adding that the startup plans to rotate out brand-new product features and “country-specific” integrations.

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