# VOXEL MEDIA, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/voxel-media-s-l

- Industry: Semiconductors
- Headquarters: Barcelona, Spain
- Website: www.voxelgroup.net
- Latest round: Seed (Jun 1, 2022)
- Investors on record: 1

## About

Based in Barcelona, Spain, and founded in 1998 by founder Mihai Hanga, Voxel Media, S.L. offers a platform that automates key back-office processes such as invoicing, payments, and supply chain management. In 2022, Voxel raised seed funding from investor Carat Venture Partners. In March 2024, Amadeus Hotel Property Management System Division acquired Voxel from Carat Venture Partners for EUR 118 million. As of March 2024, the company’s CEO is Àngel Garrido.


Voxel's flagship product, Bavel, is an electronic invoicing platform designed to automate the issuance and reception of invoices, ensuring compliance with legal requirements across multiple countries. Through Bavel, businesses can digitise the entire invoicing workflow, from approval to payment, for improved financial control and efficiency. The platform offers a range of benefits, including automation of repetitive tasks, process optimisation, enhanced team efficiency, and significant time and cost savings. In addition, the company offers Bavel Pay, a B2B payment channel for digital end-to-end payment processes, including a virtual payment hub connecting users to various payment service providers, automatic reconciliation, compliance with tax and PCI regulations, and extensive back-office automation. Additionally, the procurement platform empowers businesses to seamlessly manage electronic orders, delivery notes, invoices, and other related tasks, fostering efficiency and optimisation across the entire supply chain. The platform boasts over 100 million electronic transactions annually, serving a diverse clientele including hotels, travel companies, suppliers, restaurants, and franchises.

## Funding rounds

- Seed, Jun 1, 2022 — Carat Venture Partners

## Investors

- Carat Venture Partners (https://capitalatlas.ai/funds/carat-venture-partners) — Seed