Inveready leads €1.3m series-B for Odilo

The fresh capital will bolster the company's international expansion through Europe and Asia, as well as its line of content-as-a-service (CaaS) business, unquote" understands.

Spanish venture capital firm Inveready currently manages five investment vehicles. The GP focuses on early-stage companies operating in the consumer, healthcare and technology sectors, and targets minority-stake investments in the €1-4m range.

Previous funding
Inveready joined the previous investor Active Venture Partners, which led Odilo's €2.2m series-A round in September 2014.

Company
Established in 2011, Odilo is headquartered in Madrid and has offices in Cartagena, Miami, Mexico City and New York. The company provides a platform for digital content management that allows large groups of users to access content on demand, such as e-books, audio and video, through a pay-per-consumption model. The business operates in the Spanish-speaking market, supporting clients including the national e-book libraries of Spain (eBiblio) and Chile, as well as the Cervantes Institute.

People
Inveready Technology Investment – Carlos Conti (general partner).
Odilo – Rodrigo Rodriguez (CEO).

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