# Openbravo, S.L.U.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openbravo-s-l-u

- Industry: Software
- Headquarters: Pamplona, Spain
- Website: www.openbravo.com
- Total disclosed funding: $18M
- Latest round: Series B (May 19, 2008)
- Investors on record: 4

## About

Based in Spain, Openbravo S.L.U. operates as a provider of unified commerce solutions, enabling businesses to enhance their retail operations through innovative technology in both physical and digital environments.Openbravo S.L.U. was founded in 2006 in Pamplona, Spain, and specializes in delivering solutions for seamless retail experiences. In November 2022, the company was acquired by DL Software SAS, transitioning from its previous ownership by a group of investors including Sodena and Sabadell Venture Capital. The company has completed a total of 5 funding deals, with the latest round raising EUR 1.4 mn led by Sabadell Venture Capital, bringing the total amount raised to EUR 1.4 mn. The current CEO is Marco de Vries.Openbravo offers a range of B2B, D2C, and B2C SaaS unified commerce solutions that support various retail functions, including store and digital commerce, customer engagement, order management, and inventory management. Their tools utilize artificial intelligence to improve product discovery and provide personalized shopping experiences across diverse sectors, serving over 55,000 retail touchpoints in more than 55 countries.In 2015, Openbravo reported a revenue of EUR 4,467,895.70 and an EBITDA of EUR -945,243.20, primarily generating income through a subscription-based model for its SaaS solutions, which provides ongoing access to its technology for clients in the retail sector.The acquisition by DL Software SAS aims to enhance Openbravo's presence in the retail sector and facilitate its international expansion. The company is expected to leverage recent funding to support growth initiatives, focusing on the development of new products and entry into new geographic markets, although specific details regarding upcoming product launches or target regions have not been disclosed.

## Funding rounds

- Series B, May 19, 2008, $12M — Amadeus Capital Partners, Gimv, Adara Ventures
- Series A, Jan 20, 2006, $5.9M — Sodena

## Investors

- Sodena (https://capitalatlas.ai/funds/sodena) — Series A
- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Series B
- Gimv (https://capitalatlas.ai/funds/gimv) — Series B
- Adara Ventures (https://capitalatlas.ai/funds/adara-ventures) — Series B