Indexa Capital, a Madrid, Spain-based automated investment manager, raised €1m in equity funding.
Backers included Pedro Luis Uriarte, Cabiedes & Partners, Viriditas Ventures, Fides Capital and Luis M. Viceira.
The company intends to use the funds to accelerate product development and client adoption as it plans to expand into Europe.
Co-founded by Unai Ansejo, Francois Derbaix, and Ramon Blanco Duelo, Carlos Gonzales Serna, Indexa Capital is an automated investment and pension fund manager authorized by the CNMV. The company currently manages over €16m and over 1,000 clients investing from €1k to €1.5m.