Jotelulu closes an investment round of more than €4M

JOTELULU has closed a new round of financing with a total of 4.1 million euros in investment. The company has managed to strengthen its shareholding with the entry of Adara Ventures, one of the funds deep tech leaders at a European level, as the new main investor, as well as with the participation of the North American fund G2A Investment Partners and previous investors such as the Bankinter Foundation and Big Sur Ventures, who have decided to continue trusting and betting on Jotelulu in this new stage.

David Amorin, CEO of Joteluluhas highlighted “the support of new partners of the caliber of Adara Ventures as recognition of the work of recent years and great motivation for the future. The new round of financing will allow Jotelulu to strengthen itself in the markets where it is already present and to expand in the French market, one of its great challenges for the coming years”. Besides, the company has promised to continue offering its customers new features and greater securitywith the aim of continuing to add value to IT companies.

With this new round of funding, Jotelulu focuses on internationalization and its launch on the French market. The company is already positioned as a consolidated cloud provider in the Spanish and Portuguese markets, with more than 10,000 users using its services and annual growth rates close to 200%.

Jotelulu has created a platform that allows any IT company to sell cloud services competitively, under its own brand name and without having to rely on the infrastructure of the tech giants.

It is a pleasure to lead this investment in Jotelulu, a company that has understood the needs of the IT sector when it comes to digitizing SMEs“, it states Jorge Barón, Partner at Adara Ventures. “We are confident in their ability to change the landscape of cloud services and we look forward to supporting the team during this new phase of international expansion.”.

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The SME needs support

Currently, more than 3,000 SMEs and more than 10,000 users use Jotelulu services in Spain and Portugal, consolidating the platform as one of the players key at the cloud level in the region. However, despite these impressive numbers, in Spain and according to INE data, only 10.2% of SMEs with less than 10 employees have contracted a cloud service, which demonstrates the need for support in the digitization process that still exists in this segment.

For many reasons, offering cloud services remains a challenge for IT companies. In addition to the usual complexities of cloud providers, many IT companies lack the proper tools and support to sell and manage cloud services. Jotelulu includes everything from marketing materials or documentation for sales teams to legal contracts and the creation of estimates and invoices as part of its white label functionalities. This allows IT companies to provide the services as their own, being they the protagonists throughout the process. Furthermore, thanks to the platform, these companies are able to provide cloud solutions to SMEs with quality support while improving their profit margins.

The only way for SMEs to get on the cloud is through the IT company, the trusted technological benchmark for small and medium-sized companies”, he comments amorin. “We offer a unique and simple solution to the challenges faced by the IT sector when providing cloud services”.

The Jotelulu platform is one of the most complete and value-added solutions on the market today, helping hundreds of IT companies to manage cloud services in the most efficient and competitive way.

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