Odilo composes $6.3m series C

Enisa-backed Odilo has attracted $6.3m in additional funding from a range of VC investors.

Odilo, a Spain-based digital content management platform backed by the European Union Agency for Network and Information Security (Enisa), closed a €6m ($6.3m) funding round yesterday.

The cash was supplied by Active Venture Partners, Inveready, Kibo Ventures and JME Venture Capital.

Odilo operates a business-to-business marketplace for organisations, such as libraries and hospitals, to acquire digital content such as e-books, audio and video, that they can offer to consumers.

The company currently counts distribution rights to 1.3 million digital content materials from more than 2,500 publishers in 42 languages.

The money will go towards the launch of additional products, accelerate technology development and drive international expansion efforts. The company is particularly focused on Europe, North and Latin America and Australia.

Enisa, a public agency of the EU, previously supported a €1.3m round in March 2016 led by Inveready. Active Venture Partners led a €2.2m round in 2014.

Rodrigo Rodriguez, chief executive and founder of Odilo, said: "Odilo’s innovative technology allows any organisation to be successful with their digital content offerings.

"They can manage content created by the company, or from any external provider, without having to make a big investment in technology, or sign multiple agreements with different content providers. They can just pay for what their end-users consume."

See more from this Government Report: Spain


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