Abiquo, a Barcelona, Spain-based developer of infrastructure management software for Cloud computing environments, closed its €1.5m first venture capital financing round.
The round was led by Nauta Capital with a €1m investment, the first from its Nauta III fund.
Caja Navarra, which had previously provided loan funding in January 2008, has contributed to the round with a total amount of €441,000, €241,000 of new capital and €200,000 converting the loan turned into equity.
Finally, Pete Malcolm, who has joined the company as the Chief Executive Officer, has invested €100,000 in the company.
The funds will enable the company to intensify the commercial effort for its solution at both national and international levels, as well as the company’s management team effort.