Muxunav — Venture Debt · €400K

Navarre engineering firm Muxunav, which develops hardware and software for unattended payment systems, closed a €400,000 financing round covered by Sodena (a €150,000 ordinary loan), Elkargi and BBVA. The round is structured entirely as loans and guarantee-backed financing rather than equity; existing shareholder EIKA (Mondragon) remains in the cap table.