Fuell announced raising €85k from The Venture City

Fuell, a Madrid, Spain-based developer of a software solution for the financial industry, announced that it raised a €85k ($100k) capital investment round.

The money was provided by the local investor from Spain, The Venture City.

Fuell, founded in 2019 by Daniel Seijo and Eduardo Ortiz de Lanzagorta, developed a software solution and issues an associated corporate cards that together record employee expenses automatically, without the need to fill out expense reports. The company has 13 employees and about 30 paying customers.