Bulgaria’s Vitosha Venture Partners has invested 1.49 million euro ($1.61 million) in five startups
with a high scalability potential and outstanding business development achievements.
Vitosha invested 600,000 euro in human resource services provider Team Schedule as part of a 1
million euro funding round, the firm said in a written response to a SeeNews enquiry. The startup
offers a software-as-a-service (SaaS) solution for large companies, facilitating the management of
work hours, shifts and breaks, as well as generating data for remuneration and management
reports.
In addition, the firm injected 350,000 euro into IT services and consulting startup Kikimora.io in a
653,000 euro funding round. The company provides a platform for automated monitoring and
management of critical cyber security risks.
The VC firm also put 200,000 euro each into ECEON, a startup specialising in the development
and production of warehouse logistics robots, and recruitment platform HROS.io. ECEON's robots
employ artificial intelligence for the autonomous transport of materials, cargo and pallets in
warehouses, while HROS.io uses references for the recruitment of highly qualified human
resources.
Lastly, e-commerce platform Krik.bg received a 140,000 euro investment from Vitosha Venture
Partners in a 346,000 euro funding round. Krik.bg connects European suppliers and buyers of
second-hand car parts through smart data analyses.
Vitosha Venture Partners is co-financed by the European Structural and Investment Funds under
the Innovation and Competitiveness 2014-2020 operational programme, managed by the Fund of
Funds in Bulgaria.
https://seenews.com/news/vitosha-venture-partners-invests-15-mln-euro-in-five-startups-850602
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