Fundraising

INDYA closes a round of more than €1 million including an all-star team of elite sports investors

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Written by Stefano De Marzo

INDYA, the startup focused on improving the performance of athletes through technology and nutrition, has closed a round of more than €1 million euros. The exponential growth and the results of the amortization of the first round of €200,000 have made independent investors, professional athletes and venture capital support the project in this second round.

Elite sportsmen like Iker Casillas, former Spain’s national team goalkeeper, and Rudy Fernández, a professional basketball player from Real Madrid, have become shareholders and joined INDYA through SportBoost, Casillas’ sports startup accelerator. This is Rudy Fernández’s first investment in sports.

“I am very happy to join INDYA’s project where technology and nutrition meet to improve the sports performance of amateur and professional athletes. INDYA aims to popularize and enhance the knowledge of nutrition in a personalized way to know in detail the needs of each athlete”, said Iker Casillas.

“The entry of Iker Casillas and Rudy Fernández is a fundamental boost for us. Having the knowledge of elite athletes like them and with their support, we can count on giving the user of our app access to technology and information so far only available to a few”, says Javier Guerrero, CEO of INDYA.

Other notable investors in this round include Pau Gasol (former NBA superstar), Alex Rins (Moto GP racer), Andrè Ramalho (Brazilian football player), and Aleix Espargaró (Moto GP racer), who has been investing in INDYA since the startup’s first round.

Nutrition on the podiium

The financing round was led by Draper B1. “We focus on startups that demonstrate talent and exponential growth with a solid foundation. INDYA already has the talent, product, and customer base to think at that next level,” says Enrique Penichet, founding partner of Draper B1.

At the same time, investment ecosystem agents such as Wayra or Bankinter’s fund have co-invested too in INDYA’s round. The fresh capital will be used to grow the team by hiring senior profiles in different areas, improving the app and its technology, and beginning expansion to other countries.

INDYA, a Valencian company, has been in the nutrition sector for ten years and two years ago took the technological leap to become the benchmark application in Spain for nutrition and performance. It has worked with professional athletes and now, through technology, it makes this knowledge available to any athlete’s cell phone. Its use is going viral among those amateur athletes who take care of themselves as professionals to meet their sporting challenges, both in athletics, cycling, basketball, motor racing, and other sports.

Now, with the round closed, Javier Guerrero, puts the focus on strengthening the team that is growing every day: “We have grown 400% in subscribers since the first round. We have gone from 10 in 2020 to 26 today. For us, the team is fundamental and we want to grow in a meaningful way, all with the same objective and focus: to put nutrition on the podium, essential to improve the sports performance that all of us who practice sports, from amateurs to professionals, seek”.

About the author

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Stefano De Marzo

Stefano De Marzo is the editor of Novobrief.