EZ Telecom closes a €500,000 round led by Faraday to accelerate its growth
Spanish telco EZ Easy Telecom has closed its first €500,000 investment round with Faraday Venture Partners to scale its white-label mobile and fiber business in Spain.
EZ Easy Telecom (Likes Telecom), specialized in white-label mobile and fiber distribution solutions for operators and local distributors, especially in rural areas of Spain, has closed its first funding round with a capital increase of €500,000 to scale its growth in the distribution market. Operating under the Likes Telecom brand, EZ Easy Telecom offers an advanced technological platform using Artificial Intelligence (AI) in the cloud under a B2B2C model, enabling it to quickly create white-label brands for its local distributors under a single platform. EZ Easy Telecom started operations in 2023, founded by Ángel Sánchez García, Alberto Suárez Liaño, and Javier López Jimeno, combining extensive experience in the telecommunications, IT, and commercial sectors.
Ángel Sánchez García, CEO of Likes Telecom, says: "We are delighted with the trust Faraday Venture Partners has placed in Likes Telecom. This investment gives us the opportunity to continue developing our innovative telecommunications solutions, expand our reach to new rural areas using Artificial Intelligence and cutting-edge technology in all our products and processes. We see great growth potential in the telecommunications sector and other related sectors, especially in terms of offering quality and affordable services in areas where they were not previously available from the best network providers. We are committed to our mission of using technology to drive economic and social development in these areas, and we look forward to continuing to work in collaboration with Faraday Venture Partners to achieve our common goals."
Gonzalo Tradacete, CEO and Founder of Faraday, adds: "Since its inception, EZ Easy Telecom has experienced remarkable growth and shows significant long-term potential in the sector. As a Venture Capital firm investing in startups through its Private Investors Clubs and diversified investment funds, we are excited to support the company in this new stage of rapid growth in a market that they can help transform. Its solid projection and innovative approach make it a highly attractive investment for both us and our clients."
Sources in media: Capital Riesgo, Webcapitalriesgo
