Atribus closes a funding round of 500,000 Euros with the aim to grow in Spain and Latin America

  • The Centre for Industrial Technological Development (CDTi) and various other national financial entities have participated in the funding round

Atribus, a Spanish start-up specialized in online monitoring and listening of social networks and digital media, has completed its first round of funding of 500,000 euros, in which various banks, public entities such as CDTi, the collective crowdlending platform, for an approximate value of 350,000 euros and 150,000 euros in a contribution from current partners. Like this, the SaaS platform will be able to continue growing in Spain and Latin America, where they already have commercial offices, such as in Colombia, Mexico and Chile.

“Having closed this round of funding has been a great milestone for our company, even more so considering the impact that the COVID-19 pandemic is having on the Spanish businesses and start-ups. The trust of organizations such as the CDTi and other entities gives us the necessary financial muscle to continue with our ambitious growth plan in the Spanish and Latin American market”, says Miguel Ángel Cintas, Marketing Director of Atribus.

The Spanish start-up has the umbrella brand Atribus, which encompasses different products (Monitoring, Profiles, Image Analytics, Wall, and Competitors) within the online monitoring and listening segment. In addition to the aforementioned products, they will begin to develop Atribus Influencer, which was the product that caught the attention of the Centre for Industrial Technological Development (CDTi), since it is a platform of influencers with detection of fake news, bots, semantic search, natural language processing analysis techniques and other developments that will be incorporated.

They currently have reference clients such as Just Eat, GroupM, LLyC, BME, Arriga Asociados, Centro de Estudios Garrigues, Relevant Traffic, WAM, Invattur, Turismo Tenerife or Cereza del Jerte DO, among others. The company has extensive experience in different projects in Latin America in countries such as Colombia, Mexico and Chile.

Looking ahead, the company is heading for the first round of series A capital where they intend to raise at least 500,000 euros more in equity funds and venture capital that will allow reaching a funding round close to 1M euros with the aim of accelerating its growth in key markets such as Spain and Latin America.