Active Venture Partners backs Odilo

The fresh funding will be used to support the company's expansion in the US and Latin America.

Active invested in the software sector earlier this month, when it took part in a $7.6m series-C funding round for Munich-based mobile attribution and analytics company adjust. The VC invested alongside existing backers Target Partners, Capnamic Ventures and Iris Capital.

Company
Odilo provides software for the discovery, management and distribution of digital and print materials. The firm's products are currently used in 43 countries by 5 million people. Users are able to access digital content provided by libraries, colleges, universities, professional associations, businesses and councils.

Odilo has also developed archival management software and electronic filing for administrators. The product is used by the Supreme Court in Spain and several major businesses.

Headquartered in Madrid, Odilo has offices in Cartagena, Miami, Mexico City and New York. The company was founded in 2011.

People
Christopher Pommerening is a founding partner at Active.

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• Topics
• Southern Europe
• Technology
• Expansion
• Spain