Apodemia raised €440k from investors from Spain.

Apodemia, a Madrid, Spain-based company operating a retail operation selling luxury goods and jewelry announced that it closed a capital round of €440k ($500k).

The funding was backed by 10 investors from Spain, with background in different business areas. Money will be used to boost the expansion of the network, online strategy, and scale operations.

Apodemia, founded in 2013 by Jaime Landaeta and Jimena Von Knobloch, built a business dedicated to the sale of designer jewelry. The company sells online and offline, via 11 stores spread across the main Spanish cities, eight in Madrid, one in Bilbao, another in Barcelona, ​​and one in Valencia.