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GED’s Conexo Ventures fund leads EUR2.5m investment round in deep-tech Spanish startup Galgus

Galgus, a startup which specialises in research and development of wireless network technologies, has successfully completed a, investment round led by GED Capital (through its fund Conexo Ventures) and Mundi Ventures, with the additional participation of GoHub Ventures, Global Omnium’s corporate venturing arm, and Wayra, Telefónica’s open innovation hub. 

Galgus, a startup which specialises in research and development of wireless network technologies, has successfully completed a, investment round led by GED Capital (through its fund Conexo Ventures) and Mundi Ventures, with the additional participation of GoHub Ventures, Global Omnium’s corporate venturing arm, and Wayra, Telefónica’s open innovation hub. With over seven years of corporate history, Galgus deep-tech aims to improve the user experience of WiFi networks.

 
Galgus has developed an innovative technology, Cognitive Hotspot Technology (CHT), which is capable of improving WiFi networks by providing intelligence to their different access points. Thanks to CHT these access points acquire the capacity to measure what is happening around them, share information with each other and thus optimise resources in real time, improving performance by 400 per cent.
 
With Galgus’s solution, network owners enjoy WiFis that are more reliable, greener and of better quality of service for their users and connected devices. At the same time, they also have many features that increase the value of their networks such as tracking devices, heat mapping generation, hacker detection or cloud management, among others.
 
Galgus has been considered as the best digital infrastructure startup by EIT Digital in 2016 and recognised in 2018 by the European Commission as a company with high potential in its sector through the award of a ‘Phase II SME Instrument’ in 2018.
 
Its technology can be found in many different contexts. Besides passenger transport such as air, rail, sea or bus, it is also deployed, to mention a few examples, in hotels of the Barceló chain or even in the Benito Villamarín stadium of the Real Betis football club, where in 2019 it offered WiFi service to all the accredited press during the final of the King’s Cup between Valencia CF and FC Barcelona.
 
Moreover, it is worth mentioning the work it has been developing with Telefónica, its partner, in the rollout of WiFi4EU projects. This is a European Union initiative aimed at reducing the digital gap by helping to overcome connectivity problems in Spanish rural areas, where it provides service to some 250,000 people so far.
 
With the investments from GED Capital, Mundiventures, GoHub Ventures and Wayra-Telefónica’s open innovation hub-, Galgus has raised the funds and assistance required to finance its growth and boost its international expansion.
 
According to its CEO and Co-Founder, Jose Gonzalez: “Thanks to the great work developed by the Galgus team during all these years, we have achieved a very advanced and technologically disruptive system that has been validated by the market. Now, with the capital provided by our investors, we will be able to take on new opportunities, scale up the business and grow this project that we started around seven years ago”.

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