Urbiotica closes a new Capital Increase
Barcelona, July 23rd, 2014
The Catalan company, Internet of Things leader providing sensor technology for urban spaces, announces a raise of 600.000€ in a sixth round of funding.
This new increase was included in the company’s 2014-2015 financial plan and will be executed by current and new shareholders. One of the remarkable new members is Ona Capital Privat, a venture capital firm based in Osona, Barcelona.
Support from all current partners confirms the company’s credibility and continuous growth at a constant and sustained rate, planning to reach 2.000.000€ turnover by the end of 2014. This new capital increase targets product development speed up, expanding sales to new European and American markets and Urbiotica global positioning.
Urbiotica develops sensor networks and software products to capture real time data of what’s happening in cities and private spaces to make them more manageable, efficient and sustainable places. Urbiotica reinvents urban planning in the 21st century, by delivering new technologies to citizens.
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Tania Josa| Urbiotica| Communication