Jotelulu has closed a new round of financing, reaching a total of 4.1 million euros in investment. The company has managed to strengthen its shareholding with the entry of Adara Venturesone of the leading deeptech funds at European level, as the new main investor, as well as with the participation of the North American fund G2A Investment Partners and previous investors as Bankinter Foundation and Big Sur Ventureswho have decided to continue trusting and betting on Jotelulu in this new stage.
With this new round of financing, Jotelulu focuses on internationalization and its launch on the French market. The company is already positioned as a Consolidated cloud provider in the Spanish and Portuguese markets, with more than 10,000 users using its services and annual growth rates close to 200%.
David Amorin, CEO of Jotelulu, has highlighted «the support of new partners of the caliber of Adara Ventures as recognition of the work of recent years and great motivation for the future. The new round of financing will allow Jotelulu to strengthen itself in the markets in which it is already present and expand in the French market, one of its great challenges for the coming years.”. In addition, the company has committed to continue offering its customers new functionalities and greater security, with the aim of continuing to add value to IT companies.
Currently, more than 3,000 SMEs and more than 10,000 users use Jotelulu services in Spain and Portugal, consolidating the platform as one of the key cloud players in the region. However, despite these impressive numbers, in Spain and according to INE data, only 10.2% of SMEs with less than 10 employees have contracted a cloud service, which demonstrates the need for support in the digitization process that still exists in this segment.
