tugesto

Tugesto specializes in providing payroll and human resources management solutions that enhance organizational efficiency. Their automated systems streamline payroll processing, allowing businesses to focus on core operations while ensuring compliance with labor regulations. Founded in 2015, Tugesto is based in Valencia, Spain, and focuses on delivering innovative payroll and HR management solutions. The company has secured two investment rounds, with the most recent being an Angel round led by Angels Capital that raised EUR 0.

350 mn. Under the leadership of CEO Manuel Fandos, Tugesto has been instrumental in supporting over 8,000 client businesses across Spain, including regions like Madrid, Catalonia, and the Balearic Islands. Tugesto offers a comprehensive suite of online payroll and human resources management solutions designed to streamline administrative processes for businesses. Its core product is an automated payroll software that facilitates the generation of payroll in just a few clicks, reflecting real-time calculations for deductions, bonuses, and other payroll-related tasks.

The service is tailored for various end-users, including small to medium-sized enterprises (SMEs), freelancers, and larger corporations, focusing on enhancing operational efficiency and compliance with labor laws. Additionally, Tugesto provides features such as an employee portal, contract management, time tracking, and vacation management, all accessible through a single integrated platform. In 2022, Tugesto generated a revenue of EUR 1,228,579. 70 and reported an EBITDA of EUR 74,691.

90. The company employs a subscription-based pricing model that offers various packages allowing clients to select services based on their operational needs, ensuring a steady revenue stream while catering to diverse client requirements across the Spanish market. With its recent acquisition by Visma Group Holding AS in November 2024, Tugesto is poised for strategic expansion. The acquisition aims to enhance Visma's HR software platform and broaden its presence across Spain.

Future plans include the development of new product features and enhancements, with specific timelines to be announced as the integration progresses. The infusion of resources from this deal will enable Tugesto to innovate and expand further into competitive markets.