xNova International, a Valencia, Spain-based platform that provides market intelligence software for exporters, raised €200,000 in its first round of funding.
The round was led by American investment fund Plug & Play, alongside Basque investment fund ieStart and business angels.
The fresh capital will be used to include data from other countries and develop new features for the platform.
In 2023, xNova aims to deliver its solution to exporting enterprises across all sectors to help them become more competitive in foreign markets.
The first version of the software was completed in December 2021, and the founders were accepted into the Lanzadera startup accelerator. Since then, they have helped hundreds of Spanish businesses expand internationally, including large multinationals and small businesses exporting for the first time.
Company: xNova Global Technologies SL.
Funding Month: January 2023
Lead Investors: Plug & Play
Additional Investors: ieStar
Company Website: https://www.xnovainternational.com/
Software Category: Market Intelligence Software
About the Company: Founded in early 2022 by Amado Villar and Miguel Ortega, xNova is a SaaS platform powered by AI and big data analytics that helps to export businesses access real-time information about potential international clients, including what products they are purchasing and from which suppliers. xNova is the platform that provides you with real-time information about customers in international markets. It also enables businesses to monitor their competitors and stay up-to-date with market developments.