Inveready sells Indisys to Intel

Intel's venture arm, Intel Capital, backed the company in November 2012, leading a $5m funding round for the firm in the investor's first investment in the Spanish market. Existing investor Inveready also contributed to the round. Intel Capital bought a 40% stake in the company.

In September that year, Inveready pumped €600,000 into Indisys to fund the international expansion of the firm and product development.

Inveready backed the company via Inveready First Capital, a €5m vehicle that backs tech start-ups with investments of €100,000-500,000. Inveready Seed Capital also provided financing.

Company
Founded in 2003 and based in Seville, Indisys has developed intelligent dialogue solutions that emulate fluid and natural dialogue. Solutions include telephone and self-service systems and virtual assistants for web and mobile.

The company employs 20 staff. Customers include the bank BBVA and insurance firm Mapfre.

People
Inveready partner Ignacio Fonts worked on the VC's first investment in Indisys.

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• Topics
• Southern Europe
• Technology
• Exits
• Spain
• Inveready First Capital
• Trade sale