spot_img
Friday, September 29, 2023

Zurbarán advises investors on Smowltech´s €1.65m funding round

Zurbarán Abogados has advised Fondo Bolsa Social and Finnish Sparkmind.vc as investors on Smowltech´s €1.65m funding round

-

Smowltech has closed a €1.65 million investment round, led by Fondo Bolsa Social and Sparkmind.vc, a Finnish fund.

Zurbarán advised both investors with a team formed by partner Ricardo Torres García, together with his team of lawyers Ana Barroso and Blanca Compagni Rodríguez-Sacristán.

Wayra, Telefónica’s open innovation hub, was also one of the investors that participated in this round. With the closing of this €1.65 million financing round, Smowltech aims to develop its cutting-edge monitoring technology, strengthen its product and marketing teams and consolidate its presence in its main markets in Europe and Latin America.

Established in San Sebastian in 2012, Smowltech has developed a patented technology that can verify user identity continuously using multibiometric data. Funded with support from the European Commission, its technology allows education providers to verify the identity of students taking online exams, while monitoring their behaviour during the task.

For José Moncada, CEO of Fondo Bolsa Social, “the technology developed by Smowltech makes it easier for students with scarce resources or mobility problems to access training of verifiable quality. It is a big step forward in new training models and we believe it can be instrumental in making the social lift work properly. We see a huge potential social impact of Smowltech to improve education in our country. And in particular in Latin America, where geographical dispersion and social inequality are more accentuated”.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

ONTIER guides ECI’s €60m sale of 47 Supercor to Carrefour, advised by CC

According to Cinco Días, the company has closed the transfer of 47 Supercor shops, its chain of neighbourhood supermarkets, to Carrefour for €60 million....

KWM assists Santander and EIB with €553m Green Loan financing to Solaria

King & Wood Mallesons' Finance and Banking team in Madrid advised Banco Santander and the European Investment Bank (EIB) on the agreement reached with...

KWM guides Moira Capital´s €10m investment in IEQSY

Moira Capital Partners has closed the year with its 14th investment. IEQSY is a Spanish company specialising in the design and manufacture of systems...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: