ODILO, an innovative technology and digital content company which allows the management, distribution, consumption, archiving, and preservation of all types of digital content (eBooks, audio, video, images, documents, etc.), is now expanding its flagship concept of Digital Content as a Service (DCaaS). Along with existing investors Active Venture Partners and Inveready, Kibo Ventures and JME Venture Capital joined in to close a new round of €6 million for ODILO.
ODILO offers digital content solutions to customers and users from more than 40 countries. The investment round will support the launch of new products, accelerate the company’s technological development, and allow continued international expansion.
“ODILO’s innovative technology allows any organization to be successful with their digital content offerings,” said the founder and CEO of ODILO, Rodrigo Rodriguez. “They can manage content created by the company, or from any external provider, without having to make a big investment in technology, or sign multiple agreements with different content providers. They can just pay for what their end-users consume.”
The investment aims to accelerate the technological development of the company, as well as strengthen its operations in Europe, Latin America, North America, and Australia. ODILO solutions are used by libraries (public, private, university, school, and special interest), hospitals, governments, and businesses from sectors such as travel and hospitality.
The ODILO marketplace allows organizations to buy digital content to offer to their users on a loan, rental, or subscription basis, making it an ideal digital marketplace for B2B. In 2016, ODILO started expanding its technology to educational, entertainment, and document management companies. These companies create their own successful technological products based on ODILO’s platform and content. Currently, ODILO has distribution rights to 1.3 million digital content materials from over 2,500 publishers in 42 different languages.
“We are very happy to have Kibo Ventures and JME Venture Capital join ODILO. They will add a lot of value to the further expansion of the company” said Ricard Söderberg, founding partner of ACTIVE Venture Partners.
ODILO, a privately held Spanish and USA based company, was founded in 2011. With millions of end-users worldwide, ODILO offers digital content and technology solutions for the education, library, business, government, tourism, and leisure markets. ODILO has its technology headquarters in Cartagena, Spain, with other offices in Madrid, Spain; Denver, Colorado; Mexico City, Mexico; and New York, New York. ODILO has large projects in Spain, Chile, Argentina, Australia, and the United States. In Chile, ODILO provides a service in schools which allows students to share, manage, and comment on books being read. This project aligns with ODILO’s mission to improve educational outcomes. In addition, ODILO is engaged with some ground-breaking projects with companies like Iberia Airlines, NH, and Samsung.
To learn more, visit www.odilo.us