Odilo raises $2.8M to help libraries lend books digitally

Odilo, a startup aiming to modernize brick-and-mortar libraries with digital lending services and inventory tech, today announced a $2.8 million funding round (€2.2M) led by Active Venture Partners.

Based in Spain and the U.S., Odilo says its new funds will be used to “accelerate expansion” in Latin America and the U.S. The three-year-old company claims to already allow “more than 5 million users to access digital content offered by their libraries, schools, universities, professional associations, corporations or municipalities.”

According to Odilo chief Rodrigo Rodriguez, “Odilo removes the technology barriers, allowing any institution to offer all kinds of digital content to its users whilst ensuring compliance with copyright laws.”