
Kibo and Bankinter lead €2.3m round for Captio
Kibo Ventures has led a €2.3m round for Captio, a Barcelona-based business expense management app, alongside Spanish bank Bankinter.
The fresh capital will allow the company, which plans to double its workforce in the coming year, to invest in international expansion.
Existing backer Telegraph Hill Capital (THCap) also took part in the round, alongside government-backed innovation bank Enisa.
Kibo made six investments last year, most recently taking part in a $14m series-A round for Madrid-based recruitment site JobAndTalent.
Previous funding
THCap provided Captio with an undisclosed amount of seed funding in January 2014.
Company
Headquartered in Barcelona and founded in 2013, Captio allows people to manage business expenses. Users are able to capture receipts via their smartphone, with the app extracting and filing the figures. Its clients include Telefónica, BBVA and investor Bankinter. The business has a headcount of 25.
People
Javier Torremocha, Aquilino Peña and José María Amusátegui are founding partners at Kibo Ventures.
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