Odilo raises €6M in funding round

27/07/2020
Diego Gutiérrez
Odilo raises €6M in funding round

Odilothe Spanish startup pioneer in the Digital Content as a Service (DCaaS) concept, has closed a new investment round of 6 million euros.

La operación ha sido liderada por Swanlaab Venture Factory, añadiendo también nuevos inversores internacionales como Endeavor Catalyst y contando con el apoyo de CDTI y de sus inversores actuales KIBO VC, JME VC, Active VP, que vuelven a apostar por la compañía.

About Odilo

Odilo is a Spanish startup and one of the few Edtech that exist in Spain, i.e. a technology-based company focused on the world of education.

More specifically, it offers a marketplace where any customer can acquire digital content to offer to its users on a loan, rental or subscription basis, making it the first digital marketplace for B2B.  Odilo is currently trusted by more than 6,200 innovative institutions on all continents and works with 5,300 content providers in 43 languages.

The company has its headquarters and technology development centre in Cartagena and has offices in Madrid, London and New York. It currently has a team of 120 people.

En palabras de su fundador y CEO Rodrigo Rodríguez «la tecnología de Odilo permite a cualquier organización o empresa gestionar contenido digital creado por ellos mismos o por cualquier proveedor de soluciones digitales sin tener que hacer grandes inversiones en tecnología o firmar múltiples acuerdos con proveedores de contenido, pagando únicamente por lo que consumen».

Odilo gets 6 million euros

An operation with a growth objective

6 million in financing is aimed at accelerating the company's technological development, continuing its international expansion and the launch of new products, as well as strengthening its operations in order to meet the demand for its solutions in the European, Latin American, North American and Oceanian markets.

Por su parte, Javier Torremocha, socio fundador de Kibo Ventures, ha indicado que «Odilo está presente en un mercado con un altísimo potencial de crecimiento» y que «se ajusta perfectamente a los criterios de inversión que buscamos en las compañías en las que invertimos: tamaño de la oportunidad, industria disruptiva, ambición global y calidad del equipo».

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