Madrid, 21 September 2018 – Today Stratio has announced the closing of a €13m Series B round led by Adara Ventures with the participation of new investor GP Bullhound. The funds raised will go toward the continued evolution of the Stratio Big Data product suite while accelerating the growth of their software subscription business internationally.
Stratio’s CEO, Oscar Mendez, said: “Stratio’s growth in recent years has been on an exciting trajectory. This investment will enable us to continue to evolve our product roadmap and international footprint on the journey to reinventing companies around their most valuable asset – their data. We are delighted to continue to work with Adara Ventures and have built a fruitful relationship with GP Bullhound for the past few years. We look forward to working together with them on our international expansion and growth strategy.”
Stratio is the largest Big Data and Artificial Intelligence software company in Europe. Since its launch in 2014, it has developed a datacentric super platform, which enables customers to place data in the centre of their operations, obtaining the maximum value of this new gold. The innovative aspects of its product have allowed Stratio to acquire flagship customers in the banking, insurance, retail, media, and utility industries such as BBVA, Banco Santander, Mutua Madrileña, Bupa Group, Carrefour, El Corte Ingles, Mediaset, or Red Electrica. In only four years, Stratio has been able to grow its revenues up to 20M€ this year and has commercial offices in Madrid, Silicon Valley, Sao Paolo, Bogota, and Vancouver.
Joakim Dal, Partner at GP Bullhound, commented: “Oscar, Ernesto, Román and Jose Manuel have built a platform that makes your company work like a digitally native entity. Stratio makes next generation technologies usable for IT heavy enterprises like banks or insurance companies with added security, governance, and support at a fraction of the cost of doing it themselves. We see significant opportunities for growth ahead for Stratio.”
“Stratio has matured into a key player in the Big Data Infrastructure landscape and we are delighted to back the team again in this next phase of their growth and evolution” added Alberto Gómez, Managing Partner at Adara Ventures.
Stratio is a leading Big Data and Artificial Intelligence software company, helping customers with their Digital Transformation by placing their data in the centre of their operations. From data intelligence to corporate culture, Stratio’s goal is to help the biggest sectors face the myriad of challenges and seize the opportunities that the digital revolution offers. The company has offices in Silicon Valley, Madrid, Sao Paolo, Bogota, and Vancouver. For more information please visit www.stratio.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid, and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.
About GP Bullhound Asset Management
GP Bullhound Asset Management is the firm’s independent investment arm. It currently manages four funds, investing in high-potential and fast-growing technology businesses, from early-stage to pre-IPO.
About Adara Ventures
Adara Ventures is a venture capital firm managing over €100 million in the capital, investing in the European Atlantic rim (Spain, Portugal, UK, & Ireland principally) in early-stage, Deep-Tech companies, with a particular focus on Cybersecurity, Big Data, AI, and other Digital Enterprise areas.
For inquiries, please contact:
- Media Contact GP Bullhound
Chris Björk christopher.bjork@bjork-brown.
Gonzalo Alamar – firstname.lastname@example.org
- Media Contact Adara Ventures
Viviana De Donato / José M. García Villardefrancos
+34 91 531 23 88