Caixa leads €2.5m round for Nubelo

The fresh capital, which brings the total amount invested in Nubelo to around €4m, will fund the business's expansion into the Latin American market.

Nero Ventures and Nazca Ventures also took part in the round, with €1m coming from Plan Avanza2, a government-backed initiative.

Caixa's capital was drawn from Caixa Capital TIC II.

Previous funding
Caixa Capital led a €1m round for Nubelo in November 2013, with Finaves and South Ventures also taking part. Shortly afterwards, the company bolted on Brazilian competitor Prolancer and launched its service in the US.

Company
Founded in 2011 and headquartered in Barcelona, Nubelo is an online platform matching freelancers with digital companies. It offers a free network but takes a fee at the point that a transaction takes place between contractor and client. The business currently has a headcount of 28 and operates in Spain, Argentina, Colombia, Mexico, Brazil and Chile.

People
Francesc Font and Carlos Rodrigo are founders of Nubelo.

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• Topics
• Expansion
• Southern Europe
• Technology
• Caixa Capital Risc
• Spain