Jotelulu, a Madrid, Spain-based company that offers a white-label cloud services platform, raised €4 million in Series A funding.
The round was led by Adara Ventures, a venture capital firm, with participation from US-based fund G2A Investment Partners and previous investors Fundación Bankinter and Big Sur Ventures.
The investment will enable Jotelulu to expand its operations beyond Spain and Portugal, with a specific focus on entering the French market.
The funds will be utilized to accelerate growth, enhance the platform, and support the company's mission of enabling IT companies to offer competitive cloud services to SMEs across Europe.
"The only way to get SMEs onboarded to the cloud is through the IT company – the technology partners that SMEs already trust," said David Amorín, CEO of Jotelulu. "We offer a unique and simple solution to the challenges faced by IT companies who wish to provide cloud services."
By enabling the digital transformation of SMEs across Europe, Jotelulu is playing a crucial role in driving cloud adoption and empowering IT companies to deliver high-quality cloud solutions to their clients.
With over 3,000 SMEs and a total of 10,000 users utilizing the platform, Jotelulu has established itself as a key player in the regional cloud services landscape.
Company: JOTELULU, SL
Round: Series A
Funding Month: May 2023
Lead Investors: Adara Ventures
Additional Investors: G2A Investment Partners, Fundación Bankinter, and Big Sur Ventures
Company Website: https://jotelulu.com/
Software Category: Cloud Services Platform
About the Company: Jotelulu, founded in 2018 by David Amorín, aims to address the challenges faced by IT companies in providing cloud services and accelerate the digital transformation of SMEs across Europe. Jotelulu is an online cloud platform that transforms traditional IT companies into cloud service providers. Its platform enables IT companies to sell cloud services competitively to small and medium-sized enterprises (SMEs) under their brand. Jotelulu offers IT and communication products, system administration tools, and many functionalities focused on solving the daily challenges of small IT businesses and their customers (SMBs and VSBs). Jotelulu is used by hundreds of e-commerce, retail, construction, consulting, energy, legal, and service organizations.