Madrid witnessed the inauguration of its inaugural Aticco coworking center in 2016, followed by the establishment of the Aticco Ventures business angels community in 2022.
Aticco, a pioneering force in the co-working sector, has recently closed a funding round of €10 million. The investment comes from a consortium of family offices and GCO Activos Inmobiliarios, a subsidiary of the Catalana Occidente Group. This financial infusion is earmarked for extending their reach across the Iberian Peninsula, positioning themselves as a prominent player in Southern Europe’s workspace domain.
While the new investors have acquired a minority stake, founders Gabriel Espín, Franz Palleres, and Juan Carlos Morales will maintain majority ownership. Currently overseeing ten coworking spaces, Aticco is set to inaugurate additional locations such as Aticco Cathedral and the Barcelona Finance Hub in 2024. The company harbors ambitious expansion plans throughout 2024 and 2025.
CEO Gabriel Espín underscores Aticco’s dedication to differentiation and quality, positioning themselves to compete directly with international counterparts in the coworking landscape. Originally founded in 2016 as a provider of coworking spaces, Aticco diversified its portfolio in 2020 by venturing into coliving and establishing Aticco Lab, a platform fostering entrepreneurship. Strategic guidance from Maarten de Jongh of Norgestión and legal counsel from Diego Callejón of Muzelle Lawyers facilitated a smooth transaction.
The substantial growth of coworking spaces in Spain, expanding by nearly 36% from 2020 to 2022, reflects the vibrant market dynamics, as highlighted in insights from the Coworking Spain Conference’s latest edition, as reported by Manuel Zea.
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By Proptechbuzz
By Ravi Kumar
