Cobee secured 375k euro from Encomenda Smart Capital, BStartup of Banc Sabadell, Lanai Partners and Abac Nest

Cobee, a Madrid, Spain-based SAAS developer of a unified compensation tool for companies, announced closing in investment of 375,000 euros ($420k).

The money was provided by inevstors from Spain, including Encomenda Smart Capital, BStartup of Banc Sabadell, Lanai Partners and Abac Nest.

Cobee, founded in 2018 by Borja Aranguren and Daniel Olea, aims to develop a software product that unifies, simplifies and automates the management of social benefits and flexible compensation of employees. The product is linked to an app and a Visa card that each employee receives to pay for  meals, transportation, childcare, training or medical insurance  (discounting at the end of the month of the gross of his payroll).