Openbravo announced closing in EUR 1.4M in fresh capital funding in a venture debt round.
Openbravo, a Pamplona, Spain-based company providing software solutions for retail and restaurant chains, announced closing in a new capital investment round.
The money round was led by Banco Sabadell, through its investment vehicle Sabadell Venture Capital, and included current principal shareholders of the Spanish technology company.
This financing will allow Openbravo to consolidate its positioning on the Spanish market and transfer the successes achieved in France to the national market, on which to expand its customer base.
To this end, Openbravo has announced the opening of a new corporate office in Barcelona and the reinforcement of its management team with the arrival of José Ignacio Alarcón as the new Sales Director Iberia.
Openbravo, founded in 2001 and led by CEO Marco de Vries, offers retail and restaurant chains a cloud-based omnichannel platform which enables them to accelerate the integration of all sales channels and fully support the new role of physical stores in omnichannel retail by facilitating more fluid and personalised customer experiences. Current international clients include Decathlon, Cirque du Soleil, Sharaf DG, and Nike Factory Stores Indonesia, as well as Spanish customers such as Toys "R" Us, Outlet PC, Deporvillage and Patadon.