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.

5 calls·5 names·40% bull·last heard 27 days 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
1stmedium 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.

2ndmedium conviction
$CHECKINGChecking (now GA Rooms)

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.

3rdmedium conviction
$BNELBNEL

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.

5 total
$TOAST
Toast
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)
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
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
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
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