Icinetic, founded in 2006 as a spin-off of the University of Seville and led by Lucas Gozálvez, develops Radarc to automate the production of professional software and improve development time and quality. Radarc is based on Microsoft's .NET architecture and was launched in February 2012. In its first year on the market Radarc obtained over 4,000 users and generated sales of over €500k. Clients include Endesa, Microsoft and Indra. Icinetic raised €655k in funding in the reported round. The company plans to use the funds to strengthen its marketing department and pursue global expansion.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2013