“The small size of the [Bulgarian] market doesn’t reflect the level of companies’ competence and sophistication,” says Mr Elvin Guri, founder of Empower Capital, one of few Bulgarian venture capital funds. Early-stage companies in Bulgaria are struggling due to a shortage of funding, but their untapped potential may be released with effective incentivising by the […]
CEE Legal Matters reports on the new acquisition by Mundus Services – VM Automation. VM Automation offers complete engineering including investment consulting, technical management, design, supply and installation of complex solutions, and commissioning, warranty and post warranty maintenance of equipment. The acquisition of the company will allow Mundus Services to further develop its service portfolio, […]
Raising money inevitably dilutes the stakes of company investors, employees and founders, but the idea is that a growing valuation results in a net positive, as it increases the value of everyone’s now-smaller slice of the pie.
“The companies are more competent than the small market size indicates”, Elvin Guri
Empower Capital has so far invested EUR 11m in five Bulgarian companies The fund’s investments are in the sectors of healthcare, technology, production, and facility management services.
MammothDB won the prestigious innovation award for its predictive analytics solution, iRate, for DHL
The clinic uses solutions developed by VMware both to provide infrastructure and to give staff the connectivity they need, wherever they are.
As the pilot JEREMIE programme for funding startups in Bulgaria wraps up its first stage, inventures takes a look at what has been achieved and what is yet to come. Back in 2011, “startup” was not even much of a concept in Bulgaria and to speak of an ecosystem would have been quite a stretch. […]
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