Kibo Ventures and JME lead €6m series-C for Odilo

The deal saw the company's existing investors Active Venture Partners and Inveready also take part in the funding round.

According to press reports, the company aims to use the fresh capital to expand its business internationally to the Americas and Australia, as well as develop additional products.

In September 2016, Kibo Ventures held a €71m first close for its second vehicle, Kibo Ventures Fund II, and subsequently rebranded to Kibo Ventures Partners.

Previous funding
In September 2014, Active Venture Partners led a €2.2m series-A round for the business.

More recently, Inveready led a €1.3m series-B round in February 2016.

Company
Established in 2011, Odilo provides software for the discovery, management and distribution of digital and print materials. Users are able to access digital content provided by libraries, colleges, universities, professional associations, businesses and councils. Currently, the company's products are distributed in 42 languages, according to press reports.

Headquartered in Madrid, Odilo has offices in Cartagena, Miami, Mexico City and New York.

People
Kibo Ventures Partners – Javier Torremocha (founding partner).
JME Venture Capital – Samuel Gil (partner).
Odilo – Rodrigo Rordíguez (CEO).

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• Topics
• Expansion
• Technology
• Southern Europe
• Venture
• Spain