Zauber raises USD 1 million to power its Lab

Hooray! We are excited to announce that Zauber has raised USD 1 million in our first venture capital financing round !

Led by AxVentures - Pymar Fund, also an investor at Cupoint (a spin off from our Lab), the new funding will enable our company to expand our boutique high-end software development services in our target markets of Silicon Valley and Brazil, as well as heavily grow our investment in R+D and new products development at our Lab.

This is a huge achievement for Zauber, which reinforces our vision of building a company that combines the offer of high-end software development services with the incubation of new products and ventures.

Here's a little bit of our story:

Almost five years ago, six friends and graduates from ITBA (Gabriel, Juan, Mariano, Martín, Andrés and Fernando) got together with the idea of starting a new venture: a software technology company with a strong focus on R+D and innovation.

It was February 2007. We literally started as a garage company, with an old dark basement at one of our partner’s parents’ home serving as our office, and a ping-pong table serving as our desks. Three of the founders started the operations, while three other founders kept their jobs for some months funding with their salaries the living of all the six. Four months after the startup, we already had our first clients and we were making some humble revenue that we used to hire our first two employees (Christian and Marcelo). Almost five years later, they remain still at the company with us, they are key members of our senior team and remind us every day that we are doing things the right way.

We have been able to bootstrap our business without the need of external funding until now. We grew our business and assembled a talented team of 37 people. We partnered with other startups, helping them to kick off their projects with our technology and know how. We have global clients in global markets. We had our ups and downs, but we never gave up, we were always loyal to our vision and values: to create a global software company which could attract the very best talent out there. We decided to raise money from VC to make innovation happen faster at our Lab, to expand our boutique business and launch new ventures. We were lucky to find the right investors, the ones who believed in this team and our vision.

Congratulations to all the Zauber team and special thanks to all our friends, colleagues and clients who helped us throughout these years to achieve this milestone. The best is yet to come !