Inveready injects €1m into Clarive

The VC drew down capital from Inveready Fund II, a technology-focused vehicle with a target of €15-20m. The fund launched in October 2013.

Clarive will use the fresh funding to pursue international expansion, and boost its sales and marketing strategy worldwide.

Inveready's recent investments include Conzoom, a data and insight business for marketeers, and Ojer Pharma, a dermatology pharmaceuticals firm held in the VC's latest biotech fund.

Company
Founded four years ago as a spinout of tech company Vass (which remains a shareholder in the company), Clarive has developed a system that automates and manages the development of business software. Clients include Telefonica, Bankia and Banco Sabadell.

People
Roger Piqué is a founding partner of Inveready and worked on the deal.

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• Topics
• Southern Europe
• Technology
• Expansion
• Spain
• Inveready First Capital