Ritmo, a platform offering a growth capital and analytics suite of products directed at providing non-dilutive growth capital as well as insights to digital businesses, has closed its extension round bringing the total seed round to €13.8 Million, led by JME Ventures along with Inveready and Sabadell Venture Capital. Bynd Venture Capital and Wayra (Telefonica’s investment arm) also participated in this round along with a few international investors.
The funding is expected to fuel international growth in new European and LATAM markets.
Company: Ritmo Capital SL
Raised: €13.8M
Round: Seed Round
Funding Month: July 2021
Lead Investors: JME Ventures
Additional Investors: Inveready, Sabadell Venture Capital, Bynd Venture Capital and Wayra
Company Website: https://www.getritmo.com/
Software Category: a growth capital and analytics platform
About the Company: Founded in November 2020 by Raimundo Burguera, Pablo Gasalla, Iñaki Mediavilla, and Iván Peña, Ritmo is a Capital-as-a-Service platform offering recurring revenue-based finance and insights to the new generation of e-commerce companies, especially sellers in the marketplace (Amazon, Mercado Libre, etc.). Its objective is to cover the growing needs of this segment by offering capital regularly investments in digital marketing and inventory. Ritmo helps digital entrepreneurs grow faster, through non-dilutive funding and growth tools.
Source: https://ffnews.com/newsarticle/ritmo-closes-a-seeding-round-of-e13-8m/