GGM Venture Capital backs Optimitive

The round was led by GGM, with participation from Surge Accelerator. Optimitive graduated from the Houston-based accelerator programme in May 2013.  

The VC invested via GGM High Growth IT Fund, a €30m fund domiciled in Luxembourg.

The fresh capital will be used to bolster sales and marketing, in order to support the firm's commercial rollout across regions and sectors. The firm will also continue to expand its technology and services. 

Company
Established in 2008 as a spinout from applied research centre Tecnalia, Optimitive aims to allow large industrial firms to permanently reduce energy or raw material input costs and to lower CO2 emissions.

The firm's core software solution is connected to process control systems and makes adjustments to account for changing conditions. 

The company is headquartered in Miñano.

People
Guillermo G Morales Lopez is chairman of GGM.  

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