SumaCRM secured EUR 200k from angel investors

SumaCRM, a Madrid, Spain-based developer of a CRM solution for small businesses, completed a €200k ($220k) investment round.

The funding was provided by angel investors from Madrid led by Jean Derely.

The money will be used to accelerate growth in the areas of product development and marketing, creating a community around the company's product.

SumaCRM, founded in 2015 and led by its founder Tomás Santoro, developed a CRM software solution that is targeted for small and medium enterrprises.