Swanlaab, Endeavor in $10m round for Odilo

The round also saw participation from new investor Endeavor Catalyst and state-backed Center for Industrial Technological Development (CDTI), as well as previous backers Kibo Venture Capital, JME Venture Capital and Active Venture Partners.

With this new round, the total funding raised by the company has surpassed $20m.

Odilo intends to use the fresh capital to launch new products and accelerate its international expansion in Europe, Latin America, North America and Australia.

Previous funding
Active Venture led a €2.2m round for Odilo in September 2014, which was followed by a €1.3m investment led by Inveready in February 2016.

Active Venture, Inveready, Kibo and JME invested in a €6m funding round for the company in March 2017.

Company
Established in 2011, Odilo provides a software-as-a-service platform that allows management, distribution, consumption, archiving and preservation of digital content such as e-books, audio, video, images and documents.

Through its platform, users are able to access content provided by libraries, colleges, universities, professional associations, businesses and councils. The company's products are currently distributed in 42 languages.

Headquartered in Madrid, Odilo has a further office in Spain in Cartagena, plus three in Miami, Mexico City and New York.

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

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