Nov. 2, 2017 — Appentra, a technology-based company spin-off of the University of Coruña established in 2012, has raised a funding round of €400.000. The round was led by three Spanish venture capital organizations: Caixa Capital Risc, Unirisco and Xesgalicia.
The new funds will be used to accelerate the market uptake of Parallware tools, allowing us to scale our team and to further improve the Parallware technology.
Appentra provides top quality software tools that allow extensive use of High Performance Computing (HPC) techniques in all application areas of engineering, science and industry. Appentra’s target clients are companies and organizations that run frequently updated compute-intensive applications in markets like aerospace, automotive, civil engineering, biomedicine or chemistry.
”It is a privilege to have such a supportive group of investors that believe in our vision and in our team.” said Manuel Arenaz (CEO).
About Caixa Capital Risc
Caixa Capital Risc is the venture capital arm of Criteria Caixa, an investor that provides equity and convertible loans to innovative companies in their early stages. They manages a capital of 195 million euro and invests mainly in Spanish companies in the Industrial technology, Healthcare/Life Sciences and time fields.
About Unirisco
Unirisco is a venture capital group promoting the creation of companies making use of university knowledge. This is achieved through short-term investment operations in their financing or through other financial instruments, always with the criteria of profitability and job creation in mind.
About Xesgalicia
Xesgalicia is a Galician Venture Capital Management firm. It finances company development through the temporary acquisition of minority shares of the capital of unquoted companies. In addition, it may make ordinary or mezzanine loans to the companies in which it invests through differents venture capital funds and the assets of a venture capital company.
Source: Appentra