ODILO, Global Platform Provider for Digital Content Management, Closes an Investment Round of €6 Million
MADRID, March 8, 2017 /PRNewswire/ -- ODILO, an innovative technology and digital content company which allows management, distribution, consumption, archiving, and preservation of all types of digital content (eBooks, audio, video, images, documents, etc.), is now expanding their flagship concept of Digital Content as a Service (DCaaS). Along with existing investors Active Venture Partners and Inveready, Kibo Ventures and JME Venture Capital joined in to close a new round of €6 million for ODILO.
ODILO offers digital content solutions to customers and users from more than 40 countries. The round of investment will go to support the launch of new products, accelerate the technological development of the company, and continue international expansion.
"ODILO's innovative technology allows any organization to be successful with their digital content offerings," said the founder and CEO of ODILO, Rodrigo Rodriguez. "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."
The investment aims to accelerate the technological development of the company, as well as strengthen its operations in Europe, Latin America, North America, and Australia. ODILO solutions are used by libraries (public, private, university, school, and special interest), hospitals, governments, and businesses, along with travel, and hospitality industries.
The ODILO marketplace allows organizations to buy digital content to offer to their users on a loan, rental, or subscription basis, making it an ideal digital marketplace for B2B. In 2016, ODILO started expanding its technology to educational, entertainment, and document management companies. These companies create their own successful technological products based on ODILO's platform and content. Currently, ODILO has distribution rights to 1.3 million digital content materials from over 2,500 publishers in 42 different languages.
"ODILO is present in a market with a very high potential for growth," said Javier Torremocha, founding partner of Kibo Ventures. "ODILO perfectly fits the investment criteria we seek for companies we invest in - size of opportunity, disruptive industry, global ambition, and team quality." Samuel Gil, Partner and CME of JME Venture Capital, is please with "being able to support a company with a noble mission such as making culture and education more accessible to everyone."
About Odilo: www.odilo.es
About Kibo Ventures: http://www.kiboventures.com/en/.
About JME Venture Capital: http://www.jme.vc/.
SOURCE Odilo
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