INSUBCONTINENT EXCLUSIVE:
insurtech and mobility, is opening an office in the Catalan capital.Investor director, Lina Chong, will lead the expansion into Spain,
as well as doing some seed investing
being able to connect talent and expertise across key regional startup hubs, while also plugging into a wider international network
(It also has offices in London, Tel Aviv and Moscow.) From a VC perspective opening local offices is of course about deal flow
about choosing their investors
I think it would be harder to find enterprise sales companies and companies building these very deep tech stuff right now
I think Berlin is a very operationally driven environment, Tel Aviv is a very tech driven environment, this is a very product driven
Its biggest regional investment to date is in business trip booking SaaS, TravelPerk
delivery platform Glovo; and RedPoints, which sells a SaaS to brands for detecting and acting against the sale of fake goods online, to name
two other notable examples.Other local startups grabbing attention and investment in recent years include 21Buttons, Holded, Housfy,
risks of shared mobility, and close off the antisocial expansionist playbook that played out in some US cities during the first wave of
Global is intending to explore from its new base in Catalonia, it also views Spain as a low risk gateway to opportunities on the other side
that second market built in
interview with Chafets and Chong on Extra Crunch.
