Icinetic, a spin-out from the University of Seville specialising in software development, has raised €655k ($869k) in a round led by Spain-based bank La Caixa.

The bank made the investment through its venture arm Caixa Capital Risc, which will be used by the tech company to strengthen its marketing department ahead of a global expansion. The round was also backed by a group of private investors.

Icinetic, founded in 2006, is developing a product called Radarc, which can be used…

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