Jotelulu, a platform that helps rework IT firms into cloud service suppliers, has closed €4 million in a Series A spherical of funding.
Adara Ventures, a European deep tech funds, led the spherical, with participation from US-based fund G2A Investment Partners and former traders Fundación Bankinter and Big Sur Ventures, who’re dedicated to supporting Jotelulu on this subsequent stage of development.
With this new spherical of financing, Jotelulu is targeted on internationalisation and its launch within the French market. The firm has already consolidated its place as a number one cloud supplier within the Spanish and Portuguese markets, with greater than 10,000 customers and YoY development charges near 200%.
Jotelulu gives a platform that enables any IT firm to promote cloud providers competitively, beneath its personal model, and with out having to depend on the infrastructure of huge cloud giants.
“Receiving the backing of our new partners, Adara Ventures, is a strong recognition of all our hard work over the past few years and great motivation for the future,” mentioned David Amorín, CEO of Jotelulu. “This new round of financing will allow Jotelulu to strengthen our position in the markets where we’re already leading and accelerate our expansion efforts into the French market, one of our main focuses in the short term.”
The new funding may even assist Jotelulu constantly add worth to its current clients, guaranteeing IT companions have entry to the newest instruments and cloud safety.
“We are delighted to be leading this investment in Jotelulu, a company that truly understands the IT needs of SMEs and is committed to supporting them in the digital age,” mentioned Jorge Barón, Associate at Adara Ventures. “We are confident in their ability to reshape the cloud services landscape for this customer segment, and we look forward to supporting the team during this next stage of international growth.”
Jotelulu’s options are already being utilized by greater than 3,000 SMEs and 10,000 complete customers throughout Spain and Portugal, making the platform a key cloud participant within the area. However, regardless of these spectacular numbers, a overwhelming majority of SMEs (almost 90% in response to INE) have but to contract cloud providers in Spain, spotlight this sector remains to be enormously underserved.
It remains to be difficult for IT firms to supply cloud providers to the SME phase for a lot of causes. Besides the same old reseller complexities, many IT firms lack the correct instruments and assist all through your entire cloud software program gross sales and administration lifecycle – from advertising and marketing supplies and documentation to assist their gross sales groups to authorized contracts and creating invoices.
Jotelulu makes all of those providers out there as white label merchandise, permitting IT firms to simply resell them as their very own and bundle any mixture of providers to suit their particular clients’ wants. As a outcome, IT firms are capable of present larger high quality assist and cloud options to their SMEs purchasers and, finally, enhance their revenue margins on promoting these providers.
“The only way to get SMEs onboarded to the cloud is through the IT company – the technology partners that SMEs already trust,” mentioned Amorín. “We offer a unique and simple solution to the challenges faced by IT companies who wish to provide cloud services.”
Want to study extra about cybersecurity and the cloud from trade leaders? Check out Cyber Security & Cloud Expo happening in Amsterdam, California, and London. Explore different upcoming enterprise know-how occasions and webinars powered by TechForge right here.
