Scale Lab Andorra
Scale Lab Andorra is an Andorra la Vella-based venture investment vehicle sponsored by the Creand banking group (formerly Crèdit Andorrà). Launched in 2019, it was the first fund governed by Andorran law to invest in start-ups, and it now runs as the investment arm of Creand Accelera, the group's entrepreneurship and innovation platform. It backs start-ups in the consolidation or growth phase that have distinctive technology or a validated, scalable business model, investing €100,000–500,000 per company and helping them develop their business and set up in Andorra. Its portfolio of around 30 start-ups is sector-agnostic and includes ByHours, Made of Genes, Consentio, Skitude, Nemuru, Sateliot, Polaroo, Cleverea, Tuvalum, SAALG Geomechanics and Box2box.
Team
Portfolio companies 11
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TFunding rounds 6
Open as list →| Date | Company | Round | Amount | Lead |
|---|---|---|---|---|
| 2023-09-25 | Bloome | Seed (estimated) | €1M | Dozen Investments, Scale Lab Andorra |
| 2023-07-10 | SAALG Geomechanics | Series A (estimated) | €3.65M incl. grant: equity and a grant, the grant part was not sized |
ACCIONA
+2 more
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| 2022-03-29 | Assembler School | Seed (estimated) | €1M |
Lead unknown
+3 more
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| 2021-05-26 | SAALG Geomechanics | Seed | €500K |
Mott MacDonald Ventures
+3 more
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| 2020-09-16 | Nemuru | Seed | approximately €2.6M |
InnoCells, Bankia Fintech Venture
+5 more
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| 2020-07-20 | Genomcore | Pre-Series A | €2.4M |
FCV Equity
+5 more
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News 3
Open as list →| Published | Article |
|---|---|
| 2025-07-16 |
Pack2Earth announces the closing of a €1.6 million funding round ↗
Pack2Earth (press release)
2025-07-16 |
| 2025-06-06 |
Creand Crèdit Andorrà brings together eleven start-ups at the annual meeting organised by the Scale Lab Andorra investment programme ↗
Creand (press release)
2025-06-06 |
| 2023-10-02 |
Bloome, la startup tecnológica de medicina estética, consigue un millón de euros de financiación ↗
Forbes España
2023-10-02 |