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Spain’s Worldsensing, co-founded by Endeavor Entrepreneur Ignasi Vilajosana, raised a Series B round of funding backed by Cisco Investments, Mitsui & Co, and Kibo Ventures with participation from Endeavor Catalyst. Ignasi was introduced to Mitsui & Co. and Kibo Ventures through the Endeavor network, including a roadshow organized by the Investor Network. A pioneer in the Internet-of-Things (IoT) market, the comapny will leverage this investment to support plans for rapid international growth.
The investment comes at a timely moment with IoT markets showing accelerating growth over past months. The funds will be used to expand sales operations of its flagship products to drive expansion in strategic high-growth markets, such as Europe, North and South America and the Middle East. Worldsensing offers two product portfolios today. For the Industrial sector, the company offers solutions that enable the monitoring of assets in challenging locations for Civil Engineering, Mining, and Oil & Gas customers. The company’s second area of focus is the Mobility sector, where it offers the leading smart parking solution and solutions that enhance traffic management and urban mobility through real-time traffic and pedestrians flow information.
Worldsensing has deployed its solutions across four continents, to clients in the USA, the UK, Italy, Spain, Australia, Mexico, Brazil, Panama and Colombia. The investment will allow the company to continue its rapid international expansion and to firmly establish itself as the leader in its market segments.
Ignasi started the company in 2008 after receiving his PhD in Physics, realizing that he wanted to leverage cutting-edge technology and innovation to address real-world urban challenges. Selected into the network in 2014, Ignasi has connected with tech entrepreneurs and investors around the world, attending Endeavor networking and investor events as far as Dubai. He has also begun giving back locally by serving as a mentor and advisor to other entrepreneurs in the network.
Learn more about how Ignasi was introduced to the investors in this round through Endeavor by clicking here. Read more about the investment news by clicking here.
About Endeavor Catalyst
Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities.
Learn more about Endeavor Catalyst by clicking here.
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