Inveready leads €1m round for Datumize

Inveready invested in the business through its Inveready First II fund, with Caixa Capital Risc and several business angels co-investing. As part of the deal, the founders will retain a controlling stake in the company.

The seed round will allow the company to further develop its data collection technology and expand its team with five new hires in 2016. The management team is keen on expanding its client base in Spain and the rest of Europe.

Company
Barcelona-based Datumize develops software that enables companies to capture, unlock and analyse unexplored operational data hidden in internal communication networks and industrial devices, in order to improve their business strategy.

Founded in 2014, the company's products focus on the security, defence, media, energy, telecommunications, leisure, automotive and retail sectors. According to press reports, the company generated €80,000 in revenues in 2015 and expects to raise this to €600,000 in 2016. The business employs seven professionals.

People
Inveready – Ignacio Fonts (managing partner).
Datumize – Nacho Lafuente (co-founder, CEO); Albert Pradell, Manel Casasús (co-founders).

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