Odilo receives its third round of investment with the aim of improving its technology. The digital content management company was founded in 2011 in Cartagena and is currently present in Europe, Latin America, Oceania, North America and Asia. Last October, Odilo became the first company outside the United States to sign global distribution agreements for lending with the five largest publishing groups in the world.
About Odilo
Odilo was founded in 2011 in Cartagena and since its foundation it has already closed 3 investment rounds, expanded the segments in which it offers solutions and entered new geographic markets.
Among the services it offers are digital book lending solutions in Spanish, digital content management for companies and libraries, and now Odilo wants to implement a software programme that allows families to avoid having to buy school books and to share them online.
Investors who have backed the company include Inveready and Active Venture Partner, and this latest round also included Kibo Ventures and JME Venture Capital.
The €1.3M round closed last year, allowing it to grow in the European and Asian markets.
In 2015 it exceeded a turnover of one million euros.
New round in 2017 led by JME Venture and Kibo Venture
The aim of this new €6M investment round is to achieve new technological development, especially through the recruitment of 75 new engineers, as well as to continue to grow in the countries where they have already had customers for five years: Europe, Latin America, North America and Oceania. In fact, to date, they have reached 40 geographies worldwide.
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