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antonio bustamante

T2 · manager / operator

Former ACB professional basketball player (10 years, teams in Seville, Orense, Tenerife, Logroño, UK league). MBA from Hult International Business School in San Francisco (2013). Founded a bar chain at 20, served as CFO of Clamp (glamping startup backed by Vent City), co-founded Checking (digital tourist check-in, now GA Rooms). Launched Camarero in 2023, now 2,500 venues, 3.6M ARR, 45 employees.

7 calls·7 names·57% bull·last heard 2 months ago·SeedRocket TV
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$HOLDEDHoldedposition

Antonio Bustamante reveals early investment and usage of Holded across his companies

He invested in Holded because it consolidates fragmented business tools, reduces administrative complexity, and allows companies to focus on growth.

SeedRocket TV2026-07episode →
2ndhigh conviction
$CAMAREROCamarero

Antonio Bustamante claims Camarero is best solution for Spain's fragmented bar market

He argues that Spain's 350k small bars underinvest in technology, presenting a large opportunity for Camarero's all-in-one software to improve efficiency and capture market share.

SeedRocket TV2026-07episode →
3rdmedium conviction
$TOASTToast

Toast unlikely to enter Europe due to capped payment spreads vs US 2.6%

Toast's US model relies on 2.6-2.7% payment processing spreads; European regulation caps spreads at 0.3-0.4%, making the fintech-led model uneconomic in Spain/Europe.

SeedRocket TV2026-07episode →

most discussed · click a bar to filter

  • $CAMARERO
  • $HOLDED
  • $TOAST
  • $CHECKING
  • $BNEL

recurring themes

  • SaaS Business Models1
  • Regulatory Tailwinds for SMB Digitalization1
  • Vertical SaaS Payments Monetization1
  • AI Applications1
7 total
$CAMARERO
Camarero
HIGHantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
Antonio Bustamante claims Camarero is best solution for Spain's fragmented bar market
He argues that Spain's 350k small bars underinvest in technology, presenting a large opportunity for Camarero's all-in-one software to improve efficiency and capture market share.
"Entonces, un poco nuestra tesis un poco ambiciosa también, pero es la mejor solución del mundo. Deberías de salir desde España, ya. Pero también es verdad que seguramente es el pe…"
3:05
$HOLDED
Holded
HIGHantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante· position
Antonio Bustamante reveals early investment and usage of Holded across his companies
He invested in Holded because it consolidates fragmented business tools, reduces administrative complexity, and allows companies to focus on growth.
"Como muchos de vosotros sabéis, Holded vino al Srocket hace un montón de años, le apoyamos, le ayudamos, le invertimos, pero además de todo eso, lo utilizo en todas mis compañías,…"
13:00
$TOAST
Toast
MEDantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
Toast unlikely to enter Europe due to capped payment spreads vs US 2.6%
Toast's US model relies on 2.6-2.7% payment processing spreads; European regulation caps spreads at 0.3-0.4%, making the fintech-led model uneconomic in Spain/Europe.
"En Estados Unidos el spread de pago... son 2,6... En Europa está capado por regulación. O sea, el procesador de pagos... allí es 2,6, 2,7. Entonces Tou al final al tener tanto res…"
52:18
$CHECKING
Checking (now GA Rooms)
MEDantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
Checking pivoted to GA Rooms; digital check-in for tourist apartments with regulatory moat
Checking built digital check-in for tourist apartments (regulatory requirement), distributed via revenue-share with PMS software; investors included Carlos Blanco, Encomenda, JME, Tom; later rebranded to GA Rooms with Enrique Domínguez.
"Montamos checking y con checking lo que hicimos fue digitalizar el proceso de entrada, sobre todo remoto... la hipótesis era... haces una funcionalidad mejor que nadie, sobre todo…"
23:19
$BNEL
BNEL
MEDantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
BNEL backed Camarero from early stages and doubled down in 2M round
BNEL (likely Bonsai Ventures or similar) invested in Camarero pre-revenue and participated in the 2M EUR 2025 round, signaling strong conviction in the vertical SaaS hospitality thesis.
"Financiaron e y el año pasado e estuvimos cerca de Brick... ahora hemos hecho una ronda de 2 millones a principio de año... fondos BNEL, muchos de los que estaban antes y Axon."
50:07
$CLAMP
Clamp
LOWantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
Antonio Bustamante served as CFO of Clamp (glamping startup) backed by Vent City
Clamp built singular glamping accommodations in US from Seville; raised capital from Vent City (Ventity); Antonio joined as CFO 2014-2018 to learn startup operations before founding Camarero.
"Entré como CFO en Clamp, que es una startup de Sevilla que haría hacía alojamientos singulares, glamurus camping en Estados Unidos desde Sevilla... le les les invirtió alguien rel…"
22:35
$AXON
Axon Partners Group
MEDantonio bustamante·SeedRocket TV·2 months ago·10 Years Playing in the ACB, Today His Product Is in 2,500 Bars in Spain | Antonio Bustamante
Axon participated in Camarero's 2M EUR round alongside BNEL
Axon Partners Group co-led Camarero's early 2025 2M EUR round with existing investors BNEL, targeting 6M ARR milestone.
"Ahora hemos hecho una ronda de 2 millones a principio de año que con ese dinero esperamos llegar más o menos a los 6 millones de ARR... fondos BNEL, muchos de los que estaban ante…"
50:07
9
SaaS Business Modelstailwind
All-in-one vertical SaaS wins in fragmented hospitality by solving full operations
Independent bars/restaurants (<10 employees) reject point solutions due to integration friction; an all-in-one platform (POS, kitchen display, reservations, CRM, inventory, scheduling) that digitizes from paper/pen creates high switching costs and enables cross-sell of payments, financing, and procurement at scale.
8
Regulatory Tailwinds for SMB Digitalizationtailwind
Verifactu, time-tracking, and food traceability laws force 300k Spanish bars to digitize
Spain's Verifactu (real-time tax invoicing), mandatory time-tracking, and food traceability regulations create a compliance-driven buying trigger for non-tech-native hospitality SMBs, accelerating adoption of integrated SaaS that bundles compliance with operations.
8
Vertical SaaS Payments Monetizationtailwind
Payment processing becomes viable revenue stream only after 10k+ locations reach scale
European payment spreads (0.3-0.4%) vs US (2.6%) make fintech-led models uneconomic until vertical SaaS reaches ~10k venues; Camarero targets 1B EUR GMV through its platform before layering on payments/financing, following Toast's playbook adapted for regulated markets.
7
AI Applicationstailwind
AI agents automate hospitality back-office: scheduling, menu costing, digitization
LLMs eliminate manual rostering (2-4 hours/week saved), auto-digitize menus from photos, optimize recipe costing against inflation, and manage last-minute shift coverage via automated backup pools — high-value workflow automation in a labor-intensive vertical.