Eccocar raised EUR 500k in strategic investment

Eccocar, a Madrid, Spain-based software developer for car sharing and rental companies, announced that it raised EUR 495k ($560k) in capital investment.

The money was provided by Grupo Valgine, CMC XXI and Pinama and included venture capital from Xesgalicia, Active Vigo and a group of business angels from Spain.

Eccocar, founded in and led by CEO Iván Luarca, developed software solutions for companies specializing in fleet management and rental cars. The company operates in Spain and Portugal working with corporate partners such as Endesa, Cofares, Ferrovial, and Prosegur.