NEW, the Spanish company that makes it easier for major retailers, manufacturers and distributors to enter new consumption models such as rental, subscriptions, “try and buy” and second-hand, has completed its second round of investment and reached the sum of 1.1 million euros. This milestone marks a clear goal: to consolidate its leadership position in the Spanish market and begin international expansion.
Investment round led by Fondo Bolsa Social
The investment round has been completed led by the Impact Fund Social equity fund. In addition, prominent investors such as Sabadell BStartup, Zone2Boost (investment vehicle of La Caixa, Inyónico and Global Payments), EASO Ventures and Draper B1 are involved, reinvesting after participating in the first round of 175,000 euros. Closed by NEWE at the end of 2021. In addition to investment funds, NEWE has also provided relevant retail investors with access to its capital.
Company Legal Partners acted as legal counsel to the Company and Zurbaran acted as legal counsel to the lead investor.
Since its launch in 2021, NEWE has managed to establish itself in the Spanish market and collaborate with leading customers in various sectors, including PC Componentes, Forum Sport, Words, Cecotec or Adolfo Domínguez. Thanks to its own technology, NEWE offers its customers the opportunity to effectively introduce and manage these innovative consumption models adapted to current requirements.
In the words of Pablo Candau, CEO of the company: “The company is making solid progress and is clearly focused on building a profitable and sustainable business. Two years ago, Ramón and I recognized that the industry needed to meet new consumer demands, and that, along with the growing value of pay-per-use models, shows us that we are at the right time.”
Candau has apostilled “We are optimistic, but we also know that we must continue to work hard, be resilient and build a solid technological base to think long-term..»
The traction and results achieved confirm that NEWE operates in an ever-growing market, which has allowed the company to attract top-notch investors such as the Social Stock Fund.
José Moncada, Managing Partner of the Bolsa Social Fund, explains: “We chose NEWE because we saw a skilled and ambitious team of professionals with a hugely scalable SaaS B2B model that can help drive new, more sustainable consumption habits. We believe that the transition from a linear economy to one The circular economy is directly related to changing consumer habits. Specifically, Newe’s solution enables manufacturers and retailers across all industries to offer pay-per-use solutions to their customers through their own sales channels. It is a more sustainable alternative to the circular economy that, by upgrading products thanks to their rotation among different customers, helps to reduce CO2 emissions and the tons of waste associated with the production of new products. The model fits very well with the ecological sustainability concerns of the new generations«.
With this investment, NEWE aims to further perfect its product, professionalize various areas of the company and promote the expansion of its customer portfolio, which in turn will enable the Spanish company to enter new international markets.