Galeo selected by Banco Santander to participate in its Smart Fund programme.

Madrid 5 September 2022. Galeo, a leading startup in the Spanish market in the development of BigData and IoT digital platforms, has been one of the fifty companies selected by Banco Santander to participate in the Smart Fund programme.

The Smart Fund is a financing initiative that accompanies companies in the development and execution of their growth initiatives that are sustainable, innovative, digital and promote job creation. It covers organic and inorganic, national and international growth projects, with a wide range of fund destinations: R&D&I, tangible and intangible assets, expansion of existing units, new business units, new subsidiaries, M&A, etc.

The Smart Fund is an initiative that accompanies companies in the development and execution of their sustainable, innovative, digital and job-creating growth initiatives.

The exponential growth sustained over time, its commitment to innovation, the quality of its products and services, its large and recognized customer base, the high increase in its Ebitda or its continued generation of quality employment, have been some of the key aspects taken into account by Banco Santander for Galeo has been one of the selected companies. Thanks to its participation in the programme, Galeo will be able to focus on sustainable growth through the development of projects that multiply its profitability, the expansion of its business lines and its internationalisation. In addition, it will benefit from permanent support from the bank in terms of financial and non-financial solutions.

“We would like to thank Banco Santander for its confidence in our company, our team and our growth plan. For us it is a great satisfaction, an endorsement of all the work done to date and a magnificent support for the future that will surely help us to achieve the goals we have defined”, said Marco Laucelli, CEO, founding partner of Galeo together with Alejandro Alija, founding partner and Director.

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Javier Batanero