Jotelulu, a Spanish platform that helps IT firms of their transition to cloud service suppliers, has raised €6.8 million in a funding spherical led by enterprise capital agency Kibo Ventures.
The funding spherical additionally noticed participation from present buyers, together with Adara Ventures, Bankinter, G2A, and Massive Sur Ventures. This capital injection is aimed toward fuelling the corporate’s worldwide growth.
The funding will permit Jotelulu to strengthen its presence in Europe and make inroads into Latin American markets. Talking on the event, David Amorín, CEO of Jotelulu, remarked: “The backing of Kibo Ventures is a recognition of our staff’s effort and the validity of our enterprise mannequin. At Jotelulu we’re dedicated to the product, proximity and understanding of every market. We now know that the issues of IT firms are related in all nations: they want easy and aggressive options to make SMEs undertake the cloud.”
Based in 2020, Jotelulu goals to make cloud companies accessible and manageable for small and medium-sized companies (SMEs), utilizing a centralised platform for managing technical, administrative, and industrial processes. These capabilities embrace provisioning servers, guaranteeing enterprise continuity, and enabling seamless communications.
The corporate collaborates with over 1,000 IT companions throughout Spain, Portugal, and France, enabling them to offer tailor-made cloud options to their SME purchasers. The platform has distinguished itself as an alternative choice to trade giants equivalent to AWS, Microsoft Azure, and Google Cloud by specializing in the particular wants of smaller enterprises.
Juan López Santamaría, accomplice at Kibo Ventures, highlighted the significance of Jotelulu’s imaginative and prescient: “The management and impressive imaginative and prescient of the Jotelulu staff have been key drivers for our funding. Jotelulu is far more than a cloud companies platform, it’s the predominant gateway to the cloud for the SMB section. By providing IT suppliers the instruments they should change into the primary channel for know-how modernisation, Jotelulu permits SMBs to undertake cloud companies and AI options designed particularly for his or her wants.”
In response to Jotelulu, they’ve invested in creating their very own infrastructure, enabling higher independence and the power to ship bespoke options – not like different opponents who depend on American hyperscalers. The corporate’s portfolio consists of superior mobility, safety, and AI-driven instruments tailor-made to SME necessities.
To this point, Jotelulu has raised practically €12 million, and can proceed to solidify and develop its present operations in Spain, Portugal and France.
