Las Muns
Las Muns
Understanding the investment opportunity
Las Muns is a gourmet empanada chain founded in 2013 that has transformed a traditional product into a modern, healthy, and internationally scalable gastronomic concept.
Focusing on signature empanadas, Las Muns combines high-quality ingredients, vegan and vegetarian options, and an experience tailored for delivery, take-away, and utensil-free consumption. This approach aligns with new eating habits and fast-consumption trends without compromising on flavor or quality.
After 11 years of steady growth, the company now operates 50 stores in 6 countries (Spain, Portugal, Italy, Germany, Andorra, and Canada), and has established a franchise-based expansion model (73% of locations), with repeat franchisees and an average store payback period of 24 months.
In 2024, it is projected to reach a revenue of €8.2 million, with a positive EBITDA and an active B2B channel that includes agreements with retail chains totaling over 250 points of sale, contract catering companies, and travel food operators.
Currently in a scaling phase, Las Muns plans to launch a new mechanized production facility in 2025, which will triple production capacity and improve operational margins. All this positions Las Muns as a gastronomic venture with a strong brand, quality product, and robust infrastructure for sustainable and profitable growth.
Las Muns Team
Mariano Najles
CEO
Pablo Cabanillas
COO
Angeles Rodriguez
Dir RH
Diego Rojas
Dir Producto
Ignasi Iglesias
CFO
Reasons to invest View more data
Solid and Profitable Growth
- +11 years of experience with continuous traction
- 50 stores in 6 countries. 73% franchised and with a notable rate of repeat franchisees.
- Franchisee churn <7%: strong retention and operational validation.
- 2024 Revenue: €8.2M with positive EBITDA.
- B2B channel underway with agreements with large groups (travel food, HORECA, collective catering).
Proven and Scalable Model
- Franchise model validated in 6 countries, with an average payback of 24 months and ongoing expansion.
- Franchise expansion model already validated in international markets (Canada, Italy, Portugal…).
- New mechanized production facility in 2025: triples capacity and significantly improves margins.
Distinctive and Trend-Aligned Product
- Gourmet empanadas with signature recipes, aligned with global trends: plant-based, clean label, ready-to-eat.
- Ideal format for delivery and take away: no cutlery, no waste, easy to share.
- Competitive average ticket (€10.90) and attractive to urban audiences.
Validation from Strategic Investors
- €1M, 50% of this funding round, already invested by partners with strategic foodservice profiles.
- Investment validated by Aticco, which has already invested €25,000 and is opening this opportunity to its community under the same conditions.
- Entry valuation: €8M premoney, considered very attractive due to its growth potential.
Recognition and Positioning
- Pioneering and established brand in the “fast good” segment.
- Strong presence at franchise and foodservice trade shows. Awarded best Catalan franchise in the Spanish market in 2024. Source: https://www.franquiciescat.org/es/ganadores-de-los-vi-premios-franquicias-de-cataluna-2024/
- Recognition in specialized media for its quality, gastronomic originality, and brand experience. Source: https://restauracionnews.com/2025/04/las-muns-aperturas-expansion/
Who is the reference investor?
ATICCO
INVESTOR
About ATICCO
Aticco es un ecosistema de innovación que impulsa el emprendimiento desde múltiples ángulos: espacios de coworking, coliving, programas de aceleración y también inversión en startups. Con presencia en Barcelona, Madrid y Valencia, conecta a más de 6.000 profesionales y 350 empresas en 14 edificios, convirtiéndose en un hub de referencia para la comunidad emprendedora. Desde Aticco Lab, su aceleradora, hemos impulsado más de 100 startups y generado más de 300 M€ en financiación. A través de Funding Place en Startupxplore, Aticco provee de las mejores oportunidades de inversión para que cualquier persona pueda invertir en las mismas condiciones que nosotros. Todas las oportunidades están seleccionadas por nuestro comité, y validadas y filtradas bajo los criterios de transparencia de Startupxplore. Funding Place permite invertir en startups con tickets desde 2.000 €, en un entorno transparente, profesional y conectado. Apostamos por calidad, no cantidad. Desde Aticco nos alineamos con los inversores, invirtiendo en todas las rondas lanzadas en Funding Place. Descubre más en https://funding.place- Investing in startups: 5 years
- Euros invested:1 M
- Investments:45
Aticco is much more than a group of coworking spaces. It is an ecosystem of innovation and entrepreneurship that supports startups at every stage: from their first steps to international scaling.
Through Aticco Lab, its investment and acceleration vertical, they boost high-potential companies like Las Muns, providing not only capital, but also community, knowledge, and strategic connections.
In recent years, Aticco has invested in over 30 startups and has demonstrated its ability to detect talent, support it, and multiply its value.
Aticco enhances Las Muns’ visibility within one of the most active innovation ecosystems in Southern Europe and connects them with talent and a community of over 6,000 coworkers who can become their best ambassadors.
And for investors, Aticco’s involvement is very important—it means they’re not investing alone. Aticco is the first agent to analyze, validate, and invest in the opportunity.Investors come in alongside an experienced partner, with skin in the game, who has already walked this path several times and backs startups like Muns because they believe in their growth and return potential.
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