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Venture Capital
xesgalicia.gal

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Investments

33

Portfolio Exits

2

Funds

2

About XesGalicia

XesGalicia is a Galician Venture Capital Management firm. It finances company development through the temporary acquisition of minority shares of the capital of unquoted companies.

XesGalicia Headquarter Location

Rúa Ourense, 6

Santiago de Compostela, 15701,

Spain

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Latest XesGalicia News

ALiCE Biometrics closes a €1.5 million investment round led by Mundi Ventures

Nov 6, 2020

ALiCE Biometrics has obtained the support of Mundi Ventures, an international venture capital fund, XesGalicia, an agency of the regional government of Galicia in Spain, and Vigo Activo, to continue the international development and expansion of its automatic online identity verification tool. ALiCE Biometrics is an spin-off of Gradiant, the Galician R&D Center in Advanced Telecommunications. The technology of the company checks the identity of a person in real time, comparing a live image from the camera of a mobile phone or computer with an ID document or passport. Using the latest passive liveness detection technology, ALiCE can also detect cases of identity theft. In addition, ALiCE verifies that the document presented has not been falsified or forged, allowing the necessary verification in online processes and ensuring that the documentation is genuine and corresponds to the person doing the operation. The technology has applications optimizing onboarding, KYC and AML processes and mitigating identity fraud in online transaction environments such as banking, telecommunications and gambling. The company leverages over ten years of research, development and marketing by Gradiant. In 2016 this technology received one of the greatest investments from the Ignicia program of the Galician Innovation Agency (GAIN), an agency of the regional government of Galicia, providing the funding to reach technological maturity and its market release. This support was instrumental to establish ALiCE Biometrics as the leader in verifications for this type of environment. As of this year, the international fund Mundi Ventures enters as lead investor, with participation from XesGalicia and Vigo Activo to support this technological spin-off. The entry of these new investors has been accompanied by financing provided by ENISA, IGAPE and CDTi. As a result, ALiCE Biometrics will have an injection of €1.5 million that will accelerate the expansion to global customers with the support from top professionals in technical and business areas. Technology ‘made in Galicia’ for the international market ALiCE Biometrics expands its shareholding to the international arena with the entry of Mundi Ventures, which has operational offices in London, New York, Seattle, Barcelona and Madrid. The investment fund makes its network, with presence in more than 50 cities worldwide, available to the Galician spin-off. Mundi Ventures focuses its investments on technology companies that develop unique solutions, and it’s a shareholder of leading American and European companies. From the beginning, ALiCE Biometrics has worked with main companies in the financial sector, as well as with companies in the telecommunications, insurance, gambling and betting industries. ALiCE uses Artificial Intelligence to provide highly reliable identity verification and the best online user experience, allowing the automatic incorporation of new clients while complying with the KYC/AML legislation and minimizing identity fraud.

XesGalicia Investments

33 Investments

XesGalicia has made 33 investments. Their latest investment was in Celtarys Research as part of their Seed VC on September 9, 2021.

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XesGalicia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2021

Seed VC

Celtarys Research

$0.76M

Yes

Undisclosed Angel Investors, and Vigo Activo

1

8/10/2021

Seed VC

Coinscrap Finance

$2.58M

Yes

2

1/13/2021

Seed VC

Ancora

$0.3M

Yes

1

11/6/2020

Seed VC

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$99M

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10

7/22/2020

Series A

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$99M

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10

Date

9/23/2021

8/10/2021

1/13/2021

11/6/2020

7/22/2020

Round

Seed VC

Seed VC

Seed VC

Seed VC

Series A

Company

Celtarys Research

Coinscrap Finance

Ancora

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Amount

$0.76M

$2.58M

$0.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Undisclosed Angel Investors, and Vigo Activo

Sources

1

2

1

10

10

XesGalicia Portfolio Exits

2 Portfolio Exits

XesGalicia has 2 portfolio exits. Their latest portfolio exit was Origo Biopharma on October 28, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/28/2021

Acquired

7

00/00/0000

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10

Date

10/28/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

7

10

XesGalicia Fund History

2 Fund Histories

XesGalicia has 2 funds, including Adiante 2000.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2000

Adiante 2000

Expansions & Growth

$43.03M

1

Fondo Tecnologico I2C

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$99M

10

Closing Date

12/31/2000

Fund

Adiante 2000

Fondo Tecnologico I2C

Fund Type

Expansions & Growth

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Status

Amount

$43.03M

$99M

Sources

1

10

XesGalicia Team

1 Team Member

XesGalicia has 1 team member, including current Chief Financial Officer, Fernando Guldris.

Name

Work History

Title

Status

Fernando Guldris

Chief Financial Officer

Current

Name

Fernando Guldris

Work History

Title

Chief Financial Officer

Status

Current

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