Pulpomatic secures €1.8 million in funding from CDTI.
Pulpomatic, a Madrid, Spain-based software company, announced that it secured a capital raise funding round.
The money was provided by existing investors led by Swanlaab as well as by the Spanish government through its investment vehicle CDTI. CDTI's contribution was of €1.8 million ($2.1M) and was added on top of a €5 million ($5.6M) round announced in 2019.
Pulpomatic, founded in 2016 by CEO Javier Arambarri, currently manages more than 200,000 vehicles of all types, from cars, vans and trucks to different classes of commercial and industrial vehicles, motorcycles and scooters. The company develops software that centralizes all the information generated by a vehicle fleet on a single platform, saving costs and reducing management times.