Mallorca-based Incubator Raises €1.2m, Announces First Investments

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Mola.com (meaning “cool” in Spanish), a Palma de Mallorca based startup accelerator/incubator has raised €1.2M three months after announcing it’s official launch. The funding comes from Bernardo Hernández, angel investor and currently Global Head of Marketing for Emerging Products at Google; Javier Gómez Navarro, ex Minister of Tourism in Spain; and Luis Chicharro, ex Executive VP Ibersuizas. Mola.com, founded by Enrique Dubois and Paco Gimena, dubs itself as a startup investment fund, an idea incubator, created by and for entrepreneurs. To date, they have participation in over 30 companies, including their own home-grown projects as well as adopted investments. The company claims a net worth of € 3 million and a total of € 11 million invested in collaboration with other investors.

This is a story worth telling, as money is hard to come by these days in Spain, but with the €1.2M raised, Mola.com has just announced their first share of investments totaling €275,000. Seven Spanish startups were chosen out 500 submissions, all within the online and mobile sphere:

WannaTaxi.com – the name speaks for itself. A mobile taxi reservation service.

Myntmarket.com – A marketplace for freelance professionals.

Mutant-Games.com – video gaming studio for mobile and gaming consoles.

Matchball.com – Fantasy football platform.

Divescover.com – A heaven for scuba divers.

ReviewsReporting.com – SaaS application for online reputation análisis for hotels.

TriaVIP.com- A private vip sales club for tri-athletes.

It’s not clear how the 275,000 was spread out through the 7 companies. During this year, Mola.com plans on investing in another 15 startups.