Radar > 246005

Appforbrands could carry out capital increase

Appforbrands podría llevar a cabo una ampliación de capital

Intel ID : 246005
Synopsis

Appforbrands, a Spain-based company specializing in the development and maintenance of mobile and web applications for brands, is seeking funding and is open to launching a capital increase, reported Cinco Días on 12 March 2017, citing Appforbrands Co-Founder Javier Riquelme.

So far, the company has grown without venture capital support but it is considering it is a good time to resort to external financing given the strong growth it is experiencing.

Appforbrands closed 2016 with a turnover of EUR 1.3m, multiplying its revenue six times since its creation four years ago. This year, the firm expects to reach EUR 1.8m.
(content in spanish)

Appforbrands, empresa española especializada en el desarrollo y mantenimiento de aplicaciones móviles y web para marcas, busca financiación y está abierta a una ampliación de capital, según ha informado Cinco Días el 12 de marzo de 2017, citando a uno de los fundadores, Javier Riquelme.

Hasta el momento, la compañía ha crecido sin dar entrada al capital riesgo pero consideran que es un buen momento para recurrir a la financiación externa por el sólido crecimiento que han experimentado.

Appforbrands cerró 2016 con una facturación de EUR 1,3m, multiplicando por seis los ingresos desde su creación hace cuatro años. Este año, la firma espera alcanzar los EUR 1,8m.

Target


Intel ID 246005
Value ND
Native Currency Euro (EUR)
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Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Internet (Primary)
Primary Sector (TTRSC)
40.03.07 IT Consulting, Development & Outsourcing
40 Information Technology / 40.03 Internet, Software & IT Services

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potential Potential: Unconfirmed as a party to an active or possible transaction.

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prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

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