# Councilbox Technology, SL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/councilbox-technology-sl

- Industry: Telecoms
- Headquarters: Spain
- Website: www.councilbox.com
- Total disclosed funding: $5.9M
- Latest round: Series A (Jul 13, 2021)
- Investors on record: 3

## About

Councilbox Technology, SL specializes in providing technological solutions for remote meetings, electronic voting, and secure communication, ensuring compliance and legal validity for organizations in various sectors.Founded in 2015 in Spain, Councilbox Technology, SL offers innovative solutions for remote meetings and electronic voting. The company has successfully raised EUR 5 million in Series A funding in July 2021, led by Adara Ventures, with participation from ABANCA Innova and Wayra. The founder, Agustín Gil, has a history of entrepreneurship, although specific details on previous ventures are not publicly available. Councilbox's headquarters is located in Spain, although specific city details were not provided.Councilbox primarily offers a suite of technological solutions designed to facilitate remote meetings, electronic voting, and secure communications, ensuring legal validity and compliance with regulations. Their core products include the Virtual Office for Citizen Service (OVAC) and systems for managing meetings and assemblies, which support telematic, face-to-face, or hybrid formats. These platforms enable organizations to conduct General Meetings, manage attendance, and ensure traceability through Blockchain technology. Councilbox caters to a diverse client base, including organizations such as Deportivo de la Coruña and Colegio de Enfermería de Las Palmas, enhancing participation and streamlining operational processes. Their services are designed for various geographical markets, including Spain and Italy, addressing the unique legal requirements of different sectors, such as mutual societies and public institutions.In 2023, Councilbox reported a revenue of EUR 2,100,044.70 and an EBITDA of EUR 518,147.30. The company generates revenue through a subscription-based model, offering various deployment options such as Software as a Service (SaaS), dedicated SaaS, and on-premise installations. Clients typically engage in multi-year contracts, ensuring access to comprehensive products and ongoing support. The firm's portfolio includes over 200 clients, including professional associations and municipal entities requiring reliable and legally valid solutions for remote engagements.Following the EUR 5 million Series A funding raised in July 2021, Councilbox plans to accelerate growth and strengthen its technical teams responsible for product development, commercial activities, and customer service. The company aims to expand into new markets, focusing on regions with increasing demand for their solutions. Though specific product launches or release dates were not mentioned, the funding will support initiatives to enhance their technological offerings and customer engagement.

## Funding rounds

- Series A, Jul 13, 2021, $5.9M — Adara Ventures, Wayra, ABANCA Innova

## Investors

- Adara Ventures (https://capitalatlas.ai/funds/adara-ventures) — Series A
- Wayra (https://capitalatlas.ai/funds/wayra) — Series A
- ABANCA Innova (https://capitalatlas.ai/funds/abanca-innova) — Series A