Odilo, a Madrid, Spain-based company offering a suite of products for lending digital content, raised €2.2m in funding.
Active Venture Partners made the investment.
The company intends to use the funds to accelerate growth in the U.S. and Latin America.
Started in April 2011 and led by CEO Rodrigo Rodriguez, Odilo is a provider of products for lending digital content. Its technology allows more than 5 million users to access digital content offered by their libraries, schools, universities, professional associations, corporations or municipalities.
The company, which has offices in New York, Miami and Cartagena, has already completed projects such as the first state-wide network for U.S. libraries to lend e-books and the national network of libraries in Chile and is creating an open platform selling digital content licenses in Spanish (OdiloPlace) and a library management system that integrates management of physical and digital book lending (OdiloTT).