Target Company Overview

Go2Chain, founded in late 2022, is located in the Gijón Technology Park and has quickly become a pivotal player in digital transformation. The company aims to redefine digital certification and sports collectible markets globally. It focuses on developing and marketing technology solutions utilizing enabling technologies such as blockchain and machine learning, particularly through its proprietary platforms: 2certs and Cromowin.

2certs is a cutting-edge document certification platform that leverages blockchain technology to ensure the immutability and authenticity of documents by creating a unique, irrefutable digital footprint. Its value proposition centers on providing advanced tamper-proof security, an intuitive interface to simplify complex processes, and smooth integration with existing document management systems, thereby redefining trust in the digital age. Cromowin, on the other hand, is an innovative digital sticker platform that transcends traditional collecting by allowing users to collect, customize, and share their digital stickers as athletes in various sports events, with a unique capability of converting them into NFTs (Non-Fungible Tokens).

Industry Overview in Spain

The digital transformation industry in Spain has experienced significant growth, aided by increased internet penetration and a surge in demand for digital solutions across various sectors. The adoption of blockchain technology in Spain is also on the rise, driven by the need for enhanced security, transparency, and efficiency in processes across industries such as finance, healthcare, and logistics.

Moreover, Spain has seen a growing interest in the sports collectibles market, spurred by advancements in digital technologies and changing consumer behavior. The integration of blockchain systems into this domain allows for authentic verification and ownership tracking of collectibles, thereby enhancing trust and value for consumers.

Government initiatives, such as the Asturias Startup Fund, have played a crucial role in stimulating innovation and supporting startups focused on digital solutions. This enables entrepreneurial projects to secure the funding necessary to develop and scale cutting-edge technologies, particularly in niches like social collectibles and blockchain-based services.

Overall, the convergence of digital innovation trends and the supportive regulatory environment creates a fertile landscape for companies like Go2Chain to thrive and contribute to Spain's growing digital economy.

Rationale Behind the Deal

The Sociedad Regional de Promoción (SRP) has made a strategic move by investing €100,000 in Go2Chain through the Asturias Startup Fund, aimed at bolstering innovative projects by young companies. This investment is designed to strengthen Go2Chain's team and enhance marketing and product development efforts for their innovative blockchain-based platforms.

This funding enables Go2Chain to enhance technological development, particularly in fraud analysis and user experience, amplifying their digital marketing campaigns to broaden their client base while ensuring scalable and robust infrastructure for their products.

Investor Information

The Sociedad Regional de Promoción del Principado de Asturias (SRP) is a public entity associated with the government of Asturias, overseeing a substantial investment portfolio exceeding €55.6 million across 55 companies from diverse sectors, including technology, industry, agribusiness, health, life sciences, engineering, social assistance, and sustainability.

The SRP is committed to fostering innovation in Asturias with initiatives such as the Asturias Startup Fund, which supports early-stage and developing innovative companies in the region. The fund provides participatory loans ranging from €50,000 to €200,000, boasting several attractive features including no required guarantees, terms extending up to seven years, and no fees with adaptable amortization based on the company’s growth.

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This investment by the SRP into Go2Chain appears to be a prudent decision given the firm's innovative approach towards digital certification and collectible platforms in a rapidly evolving market. Go2Chain’s technological solutions address fundamental pain points in security and transparency, critical factors as businesses increasingly shift towards digital operations.

Moreover, the potential for growth in the digital collectibles market, fueled by NFTs and blockchain, positions Go2Chain advantageously for significant scalability. By enhancing its product offerings and marketing reach, the firm is likely to capture a larger share of this expanding market.

Furthermore, the backing of the SRP highlights a broader commitment to fostering an ecosystem of digital innovation within Asturias, which can pave the way for sustainable job creation and advanced technological advancements in the region. Thus, Go2Chain stands to benefit not only from financial backing but also from enhanced credibility and networking opportunities within the entrepreneurial landscape.

In conclusion, this investment may prove to be a sound long-term strategy as it allows Go2Chain to expand its offerings and improve its market position within the burgeoning sectors of digital certification and collectibles, making it an appealing investment opportunity for the SRP.

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