Inveready leads round for Mobincube

The fresh capital will be used by Mobincube to accelerate its roll-out across the US, with the aim of becoming a global market competitor. The company plans on opening a US office in Silicon Valley at some point before the end of the year.

The Bankinter Innovation Foundation is an investment arm of Spanish bank Bankinter that aims to support Spanish entrepreneurs.

The Crowd Angel is a Spanish business angel crowd-funding platform. According to its website, The Crowd Angel contributed €201,000 to the round, which appears to be 10% more than the company aimed to raise through the site.

Company
Founded in 2008, Mobincube is headquartered in Valencia and employs approximately 20 staff. The company develops software that allows users to create mobile applications without the need for programming skills. Mobincube uses a drag-and-drop template for its app creation tool.

Apps created via Mobincube software are adaptable to the variety of mobile marketplaces available. The company's software automatically generates code to make a Mobincube-made app available on iOS, Android, Blackberry and Windows Phone, as well as an HTML5 Web App version.

Mobincube's apps allow customers to pick the features they want in their apps, including PayPal, push notifications, offline databases and social networks. The software will also soon include augmented reality and embedded audio and video.

People
Fernando Marzal is the CEO of Mobincube and founded the company alongside Carlos Iborra. Ignacio Fonts is a managing partner at Inveready, while Ramon Saltor is a director at The Crowd Angel.

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• Topics
• Southern Europe
• Early-stage
• Technology
• Spain
• Inveready First Capital