By Andrew Pollen | The Corner |. As the economic downturn continues in Spain, entrepreneurs are increasingly flocking to Silicon Valley as a growth strategy. For several of them, the tactic is paying big dividends.
It is Thursday at 8 am and Santiago Arano´s colleagues in the Barcelona office of Softonic are already waiting for him on the videoconference line. It´s the internal deadline for them to align on new methods ot monetize content on Softonic´s web site. Since folks leave the office early on Friday, this will be the last opportunity to connect until Monday. Arano rubs his eyes and forces a smile. "Buenas tardes".
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Intelligent Dialogue Systems (INDISYS), the company based on Natural Language and Intelligent Conversation, has recently reached a finantial agreement valued in $5 millions, in a round led by Intel Capital and with the collaboration of Inveready, a venture capital firm that already took part in the first round during the last September, with an investment of €600000. This is the first investment of the venture capital branch of Intel in Spain.
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Telefonica Digital, by means of is venture capital division Telefonica Ventures, has lead, together with Mozilla, SingTel and Innov8 a financial round of €19.4 millions in Everything.me, a company specialized in the development of apps for mobile devices in Htlm 5, according to "Cinco Dias". Other firms already present in the Isreali company, such as Draper Fisher Juvetson, BRM Group and Horizon Ventures have already joined this financial round. The funds will be used to increase the team and promote the development of the technology.
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Jose Manuel Entrecanales Foundation (FJME) has become a new investment partner of the Spain Startup Co-investment Fund until 2014. The program, designed by Enisa, has the objective of promoting the venture capital in Spain by means of co-investing €40 million.
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