Madrid, September 5, 2022. Galeo, a leading startup in the Spanish market specializing in the development of digital platforms for Big Data and IoT, has been selected as one of the fifty companies chosen by Banco Santander to participate in the Smart Fund program.
The Smart Fund is a financing initiative that supports companies in the development and execution of their growth projects, ensuring they are sustainable, innovative, digital, and promote job creation. It covers both organic and inorganic growth projects, nationally and internationally, with a wide range of funding destinations, including R&D&I, tangible and intangible assets, expansion of existing units, new business units, new subsidiaries, mergers and acquisitions, and more.
The Smart Fund is an initiative that supports companies in the development and execution of sustainable, innovative, and digital growth initiatives that drive job creation.
Banco Santander selected Galeo based on key factors such as its sustained exponential growth over time, its commitment to innovation, the quality of its products and services, its extensive and well-recognized client portfolio, its significant EBITDA growth, and its ongoing creation of high-quality employment. Thanks to its participation in the program, Galeo will be able to focus on sustainable growth through the development of projects that enhance profitability, the expansion of its business lines, and its internationalization. Additionally, the company will benefit from the bank’s ongoing support in both financial and non-financial solutions.
“We would like to thank Banco Santander for their trust in our company, our team, and our growth plan. This is a great source of pride for us, a recognition of all the work we have done so far, and a fantastic support for the future, which will undoubtedly help us achieve the goals we have set,” said Marco Laucelli, CEO and co-founder of Galeo, alongside Alejandro Alija, co-founder and Director.
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Javier Batanero
OCM