Two Romanian IT startups receive funding in Bulgaria

Newsroom 13/02/2013 | 13:37

Two Romanian companies based in Cluj-Napoca were among the finalists who will receive EUR 30,000 worth of financing from Bulgarian seed & acceleration fund LauncHub.

TxtFeedback, which works to help businesses communicate easier with their customers via mobile technologies and UseTogether, an on-line community for people to borrow, swap or donate objects for free will receive the funding in exchange for a minority stake in their company, and will join the acceleration program in March 2013.

Besides funding, the LAUNCHub investees participate in a mentoring program that strives to grow the companies in a rapid way via coaching and networking.

Once a company from the Acceleration program proves traction and good results, it could also qualify for a follow-on SEED investment of up to EUR 200,000.

The two Romanian ventures were part of six finalists who were granted the funds. The other four companies that received funding were from Bulgaria, Macedonia and The Netherlands.

 Otilia Haraga

 

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue