MyInvestor, the neobank backed by Andbank, AXA, El Corte Inglés and several Spanish family offices, has attracted 45 million in capital in the last year, which has allowed it to strengthen its solvency and bring in new shareholders.
Of this amount of funds, over 20 million was raised in a venture round closed last month, which increased the bank’s Tier 1 capital to over 60 million and increased its Tier 1 capital ratio to 40%.
The December round was led by Nortia Capital, the Lao family’s business holding company, and Arama Futuro, a family office owned by Ángel Asín and managed by Ángel Hernando.
Nortia, managed by former CaixaBank executive Juan Antonio Alcaraz since last year, channels the investments of Manuel Lao, former owner of Cirsa. The entrepreneur, who is among the 50 wealthiest people in Spain according to the Forbes list, sold the gaming machines, casinos and bingo group to US giant Blackstone in 2018, in a deal valued at around €2 billion, including debt.
The conglomerate of the Andalusian-born entrepreneur based in Barcelona controls, among other investments, 8.2% of Merlin and 5% of Sacyr.
Ángel Asín is the founder of the Aragonese technology company esPublico. The company, which was founded in 2001, specialises in providing services to local government, although it also works for the private sector. esPublico was acquired by US private equity fund TA Associates last year for more than 500 million euros.
Prior to this latest venture round, in March last year MyInvestor issued convertible shares subscribed by entrepreneurs such as David Ruiz de Andrés (founder of Grenergy), Gerard Olivé (co-founder of Wallapop), Carlos Rivera (co-founder of Clicars), Julio Ribes (founder of Swipcar) and Juan Desmonts (founder of Dosfarma). The investment bank BlueBull advised MyInvestor on this transaction.
Also participating in the round were Andbank and the bank’s family office shareholders, including Casticapital, the holding company of the Canarian Del Castillo family; Aligrupo, a conglomerate of the Alcaraz entrepreneurs from Alicante; and Reig Patrimonia, owned by the Ribas family.