Nuclio steps on the accelerator

Despite the unfavorable context in the digital sector, the Nuclio group drives the growth of its startups at full speed.

Oliver Thansan
Oliver Thansan
19 April 2023 Wednesday 11:25
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Nuclio steps on the accelerator

Despite the unfavorable context in the digital sector, the Nuclio group drives the growth of its startups at full speed. The company has reached a joint turnover of 50 million euros, which represents an increase of 160% compared to 2021, when it obtained 21 million euros.

The phenomenon, led by the investor Carlos Blanco together with Ernest Sánchez and Elisabeth Martínez, is explained by the growth of the 15 companies that Nuclio has advised under its umbrella. Among them are Kintai, Profe.com, Games for a Living and Housfy.

"We started the project in 2016 and since then the companies have grown larger, boosting the turnover of the entire group," says Sánchez, who for this same reason plans to boost turnover to 100 million this year. The manager adds that the mortality rate of startups when they reach three years of life is less than 25%, while the usual rate in the sector is that the percentage is 90%.

"It's the ecosystem effect," says Sánchez, who controls the ownership of the group together with Carlos Blanco. Nuclio not only creates and accelerates businesses, it also has the Nuclio Digital School business school, the Nuclio Talent human resources consultancy, the Nuclio Digital Plus business consultancy and Nuclio Labs. The latter company launched in Toronto earlier this year in looking for opportunities in the web3 sector, blockchain technologies and Artificial Intelligence.

"Soon we will open permanent offices in Mexico, where we also have a delegation from our school," says the manager, who rules out openings in other European cities since Barcelona and Madrid cover all the activity on the continent.

In total, the group employs around 800 people, 300 of whom joined last year. It is a figure that this year will exceed a thousand as the group's startups grow in the market. In addition, this year Nuclio plans to create between four and six more companies –focusing on health technologies, business software and blockchain– and sell two group companies. Because of this growth, the company has just announced its transfer of offices, which were in the Pier 01 building, in Barceloneta, to a building near Plaza España.

The financing to carry out its activity comes from N Ventures, a venture capital fund endowed with 10 million euros and which is operated by the fund manager Nekko Capital, in which Carlos Blanco and Ernest Sánchez participate.