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GGM’s High Growth IT Fund invests EUR1.4m in Optimitive Group

GGM Venture Capital, though its sub-fund GGM High Growth IT Fund, has invested a total of EUR1.40m series A investment into Optimitive.

The round was led by GGM Venture Capital and joined by SURGE Accelerator. Optimitive graduated from the SURGE Accelerator programme in May 2013.
Founded in Spain in 2008, Optimitive provides a real time energy saving service through its software and services that allows large industrial companies to permanently and significantly reduce energy or raw material input costs and to lower CO2 emissions.
The capital raised will be used to accelerate the company's vision and commercially roll-out across regions and sectors. The money will be specifically used for marketing and sales. In addition, the company will continue expanding its technology and services to meet the needs of its growing, global customer base at a time when rising energy prices keep companies needing to remain competitive and search for energy savings.
Javier A Garcia Sedano, chief executive at Optimitive, says: “We are delighted to have found a like-minded partner that is committed to helping us financially and strategically grow our business. Today, we are taking our most significant step yet toward realising our goals. This landmark financing reinforces our position as the frontrunner in the commercial energy saving market."
Guillermo G. Morales López, chairman of GGM Capital, says: “Energy efficiency is going through the most significant disruption for a generation. Businesses are increasingly looking to transform and eliminate the causes of energy wastage. The obstacles of outdated processes mean this is a growing market opportunity. We are delighted to invest in making the vision of Optimitive Group real and help thousands of companies around the world become energy efficient.”

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