Spain-based Spotcap, which extends financing to small businesses, raised the funds from corporates Holtzbrinck and Access.

Spain-based online lender Spotcap has raised €13m ($16.5m) in series A funding from investors including Holtzbrinck Ventures and conglomerate Access Industries, according to Bloomberg.

Holtzbrinck Ventures, a firm spun out of Germany-based publisher Georg von Holtzbrinck, and Access are also investors in Rocket Internet, the venture firm that incubated Spotcap and raised $1.75bn in its own flotation, which closed in early October.

Spotcap began offering short term loans of up to €50,000 to businesses last month. It intends to use…