Jotelulu to raise €1 million from Big Sur Ventures and Bankinter.

Jotelulu, a Madrid, Spain-based software B2B startup providing white label cloud-based solutions, announced that it raised funding worth €1 million ($1.2M).

The money was raised from the investors from Spain Big Sur Ventures and Bankinter and will be used to launch new services, and start internationalization in Europe and LATAM.

Jotelulu, founded in 2019 by CEO David Amorin, developed a cloud services platform that helps transform small IT companies into cloud providers, allowing them to offer multiple services to their clients with their own brand and prices.