Mogu completes €2.2M funding round to accelerate growth

We have successfully completed a €2.2 million funding round backed by 4Founders, Athos Capital and Bynd Venture Capital.
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We will use the funds to accelerate our product development and expand in the United States, Spain and Mexico.

MOGU enables travel agencies to streamline every step of the sales and booking process, from creating proposals in record time to managing payments easily and efficiently.

The average MOGU user spends about two hours a day on the tool, which already generates more than 5,000 proposals per month. The annualized sales conversion of the average customer has improved by more than 20%.

Our CEO, Alberto Asuero, leaves us this message: "This capital injection comes at a great time. Our customers are using the software more and more because they see tangible results. Now we will be able to accelerate the development of the tool, be the first AI-driven tourism SaaS vertical, and jump from supporting the current 300 agencies to our goal of 2,000 by 2027"

In addition, this round of funding coincides with the launch of the new version of the product full of surprises. It will allow customers to further customize their budgets, create them in record time through dynamic templates and best of all, the tool will be ready to integrate all types of industry suppliers.

Three proven successful funds have led the financing round:

‍4FoundersCapital , specializing in technology startups, has invested in more than 65 companies since 2017, including Holded (acquired by Visma Group), Flanks, Securitize, THN and Embat. It is led by Jesús Monleón (SeedRocket), Marek Fodor (Atrápalo), Marc Badosa (Caixa Capital Risc) and Javier Pérez-Tenessa (eDreams).

‍AthosCapital, drives digitalization in multiple sectors and manages more than 50 million in investments, including Lingokids, Genially and Unnax. It is led by Fernando Castiñeiras and Juan Filiberto Martínez.

‍ByndVenture Capital, through its Fund III, is a venture capital firm focused on investing in and backing startups born in the Iberian Peninsula with a clear global vision and ambition. It currently has more than 35 companies in its portfolio, among which Impress, Ukio and Reveni stand out.

This is just the beginning. We continue!!!