More investment activity from Seaya Ventures, after it participated in OpenTable competitor Restalo’s recent $10 million Series B round. This time the Spanish VC is leading a $6.5 million Series B round for Plenummedia, which claims to be the leader in the Spanish “Do-It-For-Me” SME market.
The Madrid-headquartered company provides a full suite of technology tools and services to help small and medium sized companies do business on the Internet, ranging from desktop and mobile websites, email, SEO, Social Media to SEM.
Plenummedia says it plans to use the additional funding, adding to the $4 million it had already raised from private investors, to accelerate growth in Mexico and expand into other LatAm countries. It will also use the new capital to power what it’s calling a “Buy & Build” strategy that should see it add to the four acquisitions it’s already made over the last 18 months to enable it to bolster its proposition to SMEs.
We should also note that Seaya Partner Michael Kleindl is President and co-founder of Plenummedia, as well as being a previous backer, so the choice of investor isn’t all that surprising.