Software developer Openbravo has raised €7.7m in a second round of funding.
Based on the premise that all companies, of all sizes, should be able to run enterprise software across their business, Openbravo has built its software on an open-source platform. Its software helps companies manage daily operations, business processes and customer service. Openbravo is based in the Basque region of northern Spain
This latest round was backed by blue-chip investors Amadeus Capital Partners, GIMV and Adara Venture Partners, and is said to be the the largest ever for an open source ERP company.
“Openbravo has built a very strong reputation among its development community, giving the company a true edge in the world of open source software,” said Amadeus’s Andrey Kessel (pictured).
“The Openbravo product, which is taking the market by storm, has attracted a vibrant and rapidly growing ecosystem of partners, users and developers and we especially like the company’s strong commitment to work together with its partners and community.”