Factorial and Marosa employees get liquidity; Qilimanjaro and Causa Prima close large rounds

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

Factorial has completed a secondary sale that put around €10M in the hands of several hundred employees, who sold vested options at a discount to the $2.5B valuation of its latest round. Separately, Marosa founder Pedro Pestana handed €4M of his own proceeds from the company's €112M exit to all 120 employees, recent hires included, with a guaranteed minimum for each. Stock options are usually a promise about the future; here the future turned up in cash.

In funding, Barcelona quantum-computing start-up Qilimanjaro Quantum Tech secured nearly €20M in the first close of its Series A, €10M of it from Indra and €9.6M from SETT. Causa Prima, based in Madrid and Munich and building agents to automate finance work, raised a $20M seed round led by Base10 Partners, with pre-seed backer Kfund investing again; it plans to expand in the US. ID Finance secured €545M in debt and equity financing.

Elsewhere, esPublico, the company behind the municipal platform Gestiona, received preliminary private-equity bids near €1B, having been bought by another PE firm in 2022 for around €500M. And Spain's Startups Law produced €4M in corporate-tax deductions against an expected €2B, which is one way to come in under forecast.