Goldman Sachs injects €150 million in Portuguese startup
Liqui.do, a Portuguese startup specialising in equipment renting solutions for SMEs, has won venture capital investment worth €150 million from US investment bank Goldman Sachs.
With the financing Liqui.do will help Portuguese SMEs modernise the equipment they need to expand their businesses. Furthermore, the Portuguese company, led by Sérgio Nunes, “Will recruit 20 new professionals to beef up its commercial area and develop software” and “reach new markets, investing in improving its platform, technology and product offer”.
Sérgio Nunes says: “this financing is a very important step for the company as it will enable Liqui.do to help more Portuguese SMEs, providing them with the liquidity that they need to grow their businesses.”
Liqui.do states that €50 million has already been made available, while the remaining €100 million are subject to “specific conditions” which have not been disclosed.
Liqui.do is a technology company that has developed digital renting procedures using algorithms, cloud computing and automation to eliminate bureaucracy.
According to the company, the equipment supplier can, “In just a few seconds” present proposals to its clients using the Liqui.do platform, being able to “close the deal in that moment without the need for information or additional documentation.”
The startup states that SMEs can invest in modernising their equipment and technology without compromising their cash-flow with rents that are fixed and easy to plan as well as being 100% tax deductible.