Nutrium announced raising a €4.25 million seed funding round led by Indico Capital Partners.

Nutrium, a Braga, Portugal-based software developer for nutritionists, announced that it completed a capital raise of €4.25 million ($5M).

The money was raised from investors led by the local VC Indico Capital Partners and including the Social Innovation Fund (SIF),  PRIMAVERA – BSS, Portugal Ventures and SBS StartupBraga.

Proceeds will be used to double the team size in the next 24 months in order to focus on the development of the platform development and expand global sales. The expansion plan will focus on reinforcing the presence in markets like Spain, France, Italy, USA and the UK where the company already has a strong customer base.

Nutrium, founded in 2015 by CEO André Santos,  provides a SAAS nutrition software available worldwide, currently supporting more than 80,000 nutrition professionals and 800,000 patients in more than 40 countries.