Grupo ITnet

Grupo ItNet is an internet business incubator and venture capital firm based in Barcelona, Spain. Founded in 1996 by Carlos Blanco, the company focuses on investments in early-stage digital startups, particularly in the e-business, telecommunications, media, and entertainment sectors. ItNet not only provides financial backing but also offers mentoring and networking opportunities to support its portfolio companies. Through its targeted investments, Grupo ItNet aims to foster innovation and growth within the digital and game leisure industries.

Axel Serena

Partner

Past deals in Barcelona

Kantox

Seed Round in 2012
Kantox, established in 2011, is a London-based technology company specializing in foreign exchange (FX) risk management solutions for corporates. It offers a software platform that automates end-to-end FX workflows, enabling businesses to mitigate risk and optimize their use of foreign currencies. Kantox's solutions include currency accounts, FX data management, risk mitigation strategies, and international payment services. The company caters to a diverse range of industries, including travel, fashion, engineering, e-commerce, and finance.

Pricebets

Venture Round in 2012
Pricebets is an sports betting odds comparison, an Spanish tech startup based in Barcelona. With an important comparison development, qualified as one of greatest along Europe. Pricebets is employing 7 people and the company has been recognized as a potential growing company in some important contests in Spain.

Akamon Entertainment

Acquisition in 2011
Akamon Entertainment Millenium, S.L. is a developer and operator of online and mobile social games, primarily targeting the Latin American and Southern European markets. Founded in 2011 and based in Barcelona, Spain, the company focuses on offering a diverse range of casino and traditional multiplayer games, including chess, pool, bingo, checkers, dominoes, slots, and lottery. Akamon employs a local approach by utilizing its own portals, as well as those of partners and social media platforms like Facebook. The company operates under various brands, including Mundijuegos, Mundijeux, Ludijogos, and Mundigiochi, and specializes in synchronous gaming to enhance user engagement. Akamon has established itself within the competitive online gaming industry while adapting its offerings to suit regional preferences.

Ongest Gestiones Y Servicios De Internet

Series A in 2010
Ongest Gestiones Y Servicios Internet, SL, founded in 2009 and based in Barcelona, Spain, specializes in developing software solutions for invoicing and expense management. The company offers an online billing and communication platform designed for managers and advisers, facilitating the secure storage and retrieval of documents. Additionally, Ongest provides tailored solutions for small and medium-sized enterprises (SMEs) and self-employed individuals, assisting them in creating professional invoices and managing budgets. One of its key products, Captio, allows users to capture receipts via smartphones, automatically extracting essential data for analysis and generating expense claims. Through these services, Ongest aims to streamline financial management for its clients.

Vertical Social Networks

Seed Round in 2008
Vertical social networks development firm located in Barcelona.
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