# Bdeo Technologies S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bdeo-technologies-s-l

- Industry: Software
- Headquarters: Madrid, Spain
- Website: www.bdeo.io
- Total disclosed funding: $7M
- Latest round: Series A (Nov 13, 2020)
- Investors on record: 3

## About

Bdeo Technologies S.L. is a technology firm specializing in Visual Intelligence solutions tailored for the insurance and fleet management sectors, enhancing operational efficiency and decision-making through innovative image capture and analysis.Bdeo Technologies S.L. was founded in 2017 in Madrid, Spain, to provide advanced Visual Intelligence solutions for the motor and home insurance sectors, as well as fleet management. The founders, Manu Moreno and Ruth Puente, have built a company that has completed four funding deals, with the most recent being a Series A round in June 2023, where they raised EUR 5.00 mn led by BlackFin Capital Partners, bringing their total funding to EUR 5.00 mn. The firm operates globally and serves clients across over 25 countries, including more than 60 insurance firms and fleet management companies.Bdeo specializes in advanced Visual Intelligence technology tailored for the motor and home insurance sectors, as well as fleet management. Their core offerings allow insurance companies to capture images through smartphones, facilitating damage detection and cost estimation to streamline decision-making processes. The primary use cases include enhancing the efficiency of motor insurance underwriting, expediting claims management, and providing real-time status updates for fleet operations. Bdeo's solutions are designed for a global market, with clients spanning over 25 countries and including more than 60 insurance firms and fleet management companies.Bdeo's revenue for the most recent year, 2023, was EUR 343,628,261.60, with an EBITDA of EUR -243,229,002. The company's revenue model primarily revolves around B2B transactions, wherein insurance companies and fleet management firms subscribe to their Visual Intelligence platform. This subscription service allows clients to utilize Bdeo's technology for tasks such as underwriting, claims management, and damage analysis.In June 2023, Bdeo Technologies S.L. received grant funding as part of a larger EUR 7.5 million equity and grant round, which will be utilized to expand and strengthen its position in Europe and Latin America. The company aims to enhance its offerings and customer base within the insurance and fleet industries, with plans to develop new products tailored for these markets.

## Funding rounds

- Series A, Nov 13, 2020, $5.9M — BlackFin Capital Partners, Big Sur Ventures, Kanoar Ventures
- Seed, Apr 24, 2019, $1.1M — Big Sur Ventures, Kanoar Ventures

## Investors

- Big Sur Ventures (https://capitalatlas.ai/funds/big-sur-ventures) — Seed, Series A
- Kanoar Ventures (https://capitalatlas.ai/funds/kanoar-ventures) — Seed, Series A
- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Series A