In an investment round that raised EUR700,000 for Mobincube, lead investor Inveready was one of the firms which completed the financing round. Others that participated included Bankinter and the Crowd Angel.

The Valencia, Spain based Mobincube is a developer of software for the mobile platform which allows users with little or no programming skills to create apps based on template offering different functionalities. The software's flexibility would allow web app developers to utilize Mobincube's platform to reduce development time and increasing efficiency. With Mobincube, there is no need for the creation of an app for each marketplace as native apps can be created from the Android, BlackBerry, iOS and Windows OS platforms. 

According to Inveready's Managing Partner, "Mobincube fits perfectly our strategy of investing in companies with growth plans based on fast internationalization."

This comes after the recent signing of commercial agreements with Orange in Spain and Europe and NEC in Asia. It also signed agreements with several web hosting firms to have a farther reach into new user areas of the industry.