We've Closed €530,000 in Funding and Acquired Rviewer's Business
Summary
Since mid-2023, it became evident to us that to achieve our growth plans, we needed financing to execute the strategy.We set out with the goal of securing 300,000 in equity plus 230,000 in public funding (via ENISA). Additionally, our incredible Techies & Recruiters community played a vital role through crowdfunding, contributing a third of the round.We shared the whole journey a few days ago, reaffirming the importance of never losing faith in your users or clients. When they believe in what you do, involving them in financing growth while benefiting from it themselves is pure magic.With this round, Joppy aims to achieve 4 objectives: Consolidate our presence in the Spanish market, where we still have ample room to grow. Continuously enhance our sourcing and vetting technology, which sets us apart.As we were finalizing the round with the last legal details, we had a parallel conversation with one of our competitors, Rviewer, with whom we have a good relationship and a similar approach. Theyre a great team doing commendable work, and unfortunately, they informed us that due to certain challenges, they couldnt continue with their business and were about to close.