Telegraph Hill Capital (THCAP), based in San Francisco, has invested in Spanish start-up Captio. THCAP is specialized in funding mobile technology solutions and has been showing preference for SaaS model companies. I have been using Captio since its early stages and have always been a firm believer in their success so I decided to enter this round with a private investment.
For those who do not know the product, Captio is the first app for managing corporate travel expenses approved by the Spanish Tax Authorities. A simple photo of a restaurant or train bill digitalizes the information and automates the approval process and makes accounting easier. The company already has a large portfolio of clients from small start-ups to Telefonica or Bankinter.