Spain's Vumi lands second €100,000 from public fund to grow WealthTech platform
What's the deal? Vumi PortfolioDealroom has a profile for this one. Try Dealroom →, a Gijón-based WealthTech startup, has raised €100,000 in seed funding from Sociedad Regional de Promoción del Principado de Asturias (SRP). The public fund invested through its Fondo Asturias Startup — Fase II to help Vumi accelerate commercial expansion and strengthen its operations.
What does Vumi do? Founded in 2022, it runs a SaaS platform that lets high-net-worth families, family offices, corporations, and private banks consolidate and monitor their entire wealth — financial, alternative, and real estate assets — in one place. Its main differentiator is native banking connectivity with Spanish institutions.
Why now? This is SRP's second investment in the company, following €100,000 in 2024 from the fund's Fase I that helped Vumi finish building its platform and begin selling it. The startup now aggregates more than €1 billion in wealth under consolidation.
What's the money for? Vumi plans to accelerate customer acquisition, consolidate its position in the Spanish market, and expand support capabilities. It aims to grow its team to 11 people in 2026 and 16 in 2027, adding roles in business development, sales, and account management.
The backer: SRP is a public company within the SekuensDealroom has a profile for this one. Try Dealroom → group, currently managing €52.5 million invested across 57 companies in sectors from technology to agri-food and healthcare. The reinvestment underscores its focus on high-growth projects that generate skilled jobs in Asturias.
The signal: At roughly $116,000, the round sits at the very bottom of funding deals globally — in the 0.22 percentile by size. That reflects a pattern common in early-stage Spanish regional startups: modest, public-backed cheques that fund product development and initial traction rather than aggressive scaling.
Read more: capital-riesgo.es
Image credit: jurvetson
