Adara Ventures leads €13m series-B for Stratio

New investor GP Bullhound also took part in the round.

Stratio will use the fresh capital to finance its international expansion, especially in central Europe and the UK.

Previous funding
Adara led a series-A funding round for Stratio in February 2014.

Company
Founded in 2014, Stratio specialises in developing big data and artificial intelligence software. The company's customer base includes BBVA, Banco Santander, Mutua Madrileña, Bupa Group, Carrefour, El Corte Ingles, Mediaset and Red Electrica.

Stratio is headquartered in Madrid and has offices in Silicon Valley, Sao Paolo, Bogota and Vancouver. The company expects to reach revenues of €20m in 2018.

People
Adara Ventures – Alberto Gómez (managing partner). 
Stratio – Oscar Mende (CEO).

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