Qustodian, a Madrid, Spain-based mobile marketing solutions provider, has raised €1m in equity and debt financing.
The round was led by Inveready Seed Capital, which committed €450,000, with participation from the management team of the company.
In conjunction with the funding, Qustodian received a €350,000 loan from Centro para el Desarrollo Tecnológico Industrial (Cdti). In addition, the company is negotiating a some €500,000 loan with the public company Enisa.
Qustodian specializes in the creation of mobile apps and rich-media messages including text, images, audio and video. It is developing a free, membership-based service that pays users cash to communicate with brands and retailers via their mobile phone.
The funds will be used to accelerate the growth of the company allowing it to reach an industry-leading position in the mobile marketing market.