What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
DISPOSITIF INSTRUMENTS FINANCIERS BOURGOGNE FRANCHE-COMTÉ
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

How EFSI benefits SMEs in Europe - Bullnet Capital case study: LeanXcale (Spain), ICT

image

“It took more than nine months research to produce the first version of the algorithm, but the results were beautiful and elegant - the perfect solution for the biggest and most problematic bottleneck in database management,” says Dr. Ricardo Jimenez-Peris, CEO and founder of LeanXcale.

Managing big data is both a challenge and a great opportunity. If big data can be managed and processed rapidly, the outcomes could be very useful across a broad range of applications, from retail, to advertising or banking and finance to name but a few. Ricardo and his team are confident that they have cracked it, developing a database management solution with the potential to become a global leader.

As a Professor in computer science at the Technical University of Madrid (Universidad Politécnica de Madrid - UPM), Ricardo was conducting research in distributed systems and scalable data management with support from an EU grant, which helped him first develop his idea and produce a research prototype, eventually securing two patents for the technology. At that point, it was becoming increasingly clear that the outcome of his research could competitively go to market and Ricardo took the big step of abandoning his academic career to launch a start-up company.

“We only achieved what we did because of the EU funding. Without the EU grants for projects, we couldn’t have done anything competitive. Beyond the financing, however, the international collaborative nature of the projects helped us develop a network of contacts in European industry and academia, which were crucial in our further success. It was also a way to validate our research and take the first step in commercialisation.” Ricardo explains.

In 2015, the project moved from research to start-up and LeanXcale was founded. A year later, LeanXcale received an equity investment from Bullnet Capital, a Spanish venture-capital firm backed by EIF under the EU’s Investment Plan for Europe, helping the company further expand the team to be able to go to market. “Venture capital is a must. Without it, most deep tech start-ups are simply impossible. Partnering with a specialized VC firm like Bullnet has been key to get where we are now.” Ricardo concludes, underlining the importance of the investment.

In 2017, LeanXcale was selected by Red Herring as one of the top 100 European start-ups of the year and was awarded as the “Best Young SME” by the Innovation Radar of the European Commision that recognizes the most innovative startup of the year. “We’re in the process of finishing our alpha-testing and expect to be closing our first deals by March 2018. Then, by summer, we will be focussing on growing the business, hiring new staff – especially a sales force - and expanding beyond Europe” he adds.

Company: LeanXcale (Spain)

Type of business: ICT

EIF financing: InnovFin Equity, EFSI

Financial intermediary: Bullnet Capital

For further information abiout EIF intermediaries in Spain, please refer to:
http://www.eif.org/what_we_do/where/es

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.