Valencia’s Sesame secures up to €50 million through BBVA Spark’s new equity-free growth instrument
Spanish HRTech startup Sesame has secured up to €50 million in growth funding through a unique financial instrument, signaling a shift in how European tech companies can fund expansion. This move, developed in partnership with BBVA Spark, allows SaaS companies to scale internationally without diluting equity. Sesame, an AI-powered talent management solutions provider, is poised to leverage this funding for further innovation and growth. The funding instrument is specifically designed for SaaS companies and aims to support international growth. Sesame's CEO, Albert Soriano, stated that this instrument will allow the company to scale internationally while focusing on AI innovation in talent management. Sesame's platform is currently used by over 15,000 companies and generates more than €20 million in annual recurring revenue. This funding model offers an alternative to traditional equity-based rounds, allowing Sesame to retain full control and ownership. This development impacts the European tech ecosystem by providing a new avenue for growth capital. Other European HRTech companies, such as Zelt, Skillvue, Shyfter, Maki, Orbio, Ordio, and Talentiqa, have also secured funding in 2025, demonstrating the sector's momentum and potential. Sesame's funding reflects a trend towards more mature expansion strategies and alternative financial instruments in the European tech landscape. The company, founded in Valencia in 2015, is a prominent player in the HRTech sector. BBVA Spark's Head in Europe highlights their commitment to supporting high-growth companies transforming the economy through technology.
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