HWK Tech joins forces with Mercadona's president to invest $2 million in icloudCompliance.

The HWK Tech Investment technology fund, which includes well-known executives from major corporations such as Óscar Fanjul and Sebastián Albella, has become a shareholder in one of the startups supported and invested in by Mercadona's president, Juan Roig , through his Angels vehicle.

HWK Tech Investment has invested in icloudCompliance , a Valencian startup that has developed a SaaS platform for regulatory compliance and business sustainability. The transaction was completed through a €2 million financing round by icloudCompliance , which joins the company's founder and CEO, Christian Crespo , and Angels Capital.

The transaction aims to enable icloudCompliance to accelerate its commercial expansion , strengthen its technical team, and consolidate its position as a leading European solution in compliance, sustainability, quality, and cybersecurity , applying artificial intelligence as a core element of its value proposition.

The Valencian company already has a turnover of one million euros and is present in nearly 30 countries, according to Crespo himself. Its intention is to increase its investment in Artificial Intelligence and incorporate new markets into its current portfolio. The startup currently has 18 employees and aims to increase that number to 30 by the end of this year .

"With this investment from HWK, we're taking a strategic leap forward: not only are we expanding our capabilities, but we're also reinforcing our mission to be the benchmark digital fulfillment infrastructure," Crespo said.

Christian Crespo founded icloudCompliance in 2019 , convinced that regulatory compliance should be accessible, automatable, and strategic for organizations. His experience in the regulatory and technological fields, combined with his entrepreneurial spirit, has driven the company's growth to become a benchmark in the GRC (Governance, Risk, and Compliance) sector.

The project received support from Juan Roig's Lanzadera accelerator in 2020 , and this new round seeks to consolidate the company as a key player in the European legaltech ecosystem.

To this end, it has HWK Tech Investment , a fund specializing in technology companies with disruptive potential in key sectors such as AI , cybersecurity , and observability . The fund is led by a team of leading figures in the business and technology fields: Juan Santamaría, CEO of HWK and former CEO of Panda Security and former CFO of Sopra Group; José Sancho, a director with extensive experience in the technology sector in Spain, former CIO of Repsol and BBVA, and former member of the board of Sopra Group; Óscar Fanjul, former president and founder of Repsol and current member of the Board of Directors of Cellnex; and Sebastián Albella, secretary of the board and former president of the CNMV.

In addition, the fund has a network of sector advisors specialized in key areas such as artificial intelligence and machine learning , cybersecurity, payment systems, ERP, and customer experience, providing a privileged environment for startups like icloudCompliance, which integrate regulatory compliance with advanced, established, and disruptive technology.

"What attracted us to icloudCompliance was their ability to integrate cutting-edge technology with a deep understanding of the regulatory framework. We believe they are building a key infrastructure for compliance and business sustainability in Europe and around the world, and we are excited to support them on this growth path," says Juan Santamaría , CEO of HWK TechInvestment.