tugesto

tugesto.com ↗ ·Valencia ·Pre-seed

tugesto is a Valencia-based software company offering a cloud platform for payroll, HR management and labour advisory to Spanish SMEs, larger companies with multiple sites or complex collective agreements, self-employed professionals, and accounting and labour advisory firms. It combines its own payroll engine with HR tools, an employee portal, invoicing and outsourced legal and labour compliance services, and sells on a SaaS model priced by employee count, payroll volume and services contracted. The company was founded in Valencia in 2015 by lawyers Manuel Fandos and Lidón Serra, and went through the Lanzadera accelerator. In 2020 it reported €940,000 in revenue and around 8,000 clients. In 2021 it raised €350,000 from Angels, Juan Roig's investment firm. In late 2024 it was acquired by the Visma group and continues to operate as an independent company under the same name and management.

Founded
2015
Founders
2
Total funds raised
€350K
Rounds
1
Investors
1
Last round
Sep 2021
SectorsHR Tech, Payroll Software, SaaS, Legaltech Start-up MapHR & Future of Work › HR & workforce management software

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Founders

Lidón Serra
Co-founder & Co-CEO
Manuel Fandos
Co-founder & CEO

Global models 5

Rippling
United States · www.rippling.com ↗
Cloud payroll and HR suite for SMEs and mid-market firms, sold as SaaS and priced per employee, with add-on modules for compliance, benefits and finance.
$1.9BComparable
Gusto
United States · gusto.com ↗
Payroll-first HR platform for small businesses, priced per employee, with a dedicated programme for accountants and advisory firms that run payroll for their clients.
$746MComparable
Personio
All-in-one HR and payroll SaaS for European SMEs with an employee self-service portal, priced by headcount.
$724MComparable
Deel
United States · www.deel.com ↗
Payroll and HR platform that pairs its own payroll engines with outsourced legal and labour-compliance services, priced per employee and per service.
$679MComparable
Papaya Global
Payroll platform for companies with employees in several locations and complex labour rules, combining payroll processing, a workforce portal and compliance services on a per-employee subscription.
$445MComparable

In the same niche 9 others

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Notes: Most funded first

Investors 1

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Funding rounds 1

DateRoundAmountLead
PublishedArticle
2024-11-25 Visma strengthens HR software offering in Spain with acquisition of tugesto ↗
Visma Newsroom
2024-11-25
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