Budapest-based venture capital and private equity firm, PortfoLion, is investing $2.4 million in cloud contact center software provider company VCC Live through its regional private equity fund with investors OTP Bank and Eximbank. The funds will be used to accelerate product and service innovation, as well as to expand globally.
Rollbar, provider of real-time error monitoring Software as a Service, announced today it has acquired Hungary-based Samebug, in a strategic move that further deepens its domain expertise in grouping and allows for integration of proprietary Samebug technology into its error monitoring solution. It also allows Rollbar to quickly grow its engineering team and have greater access to European customers.
Rapid pace of innovation, new technologies and the digitalisation of almost all segments of the economy pose a huge recruitment challenge for companies all over Europe. The number of job vacancies requiring digitally skilled workers is estimated to rise to 700,000 by 2020 on an EU level. To tackle these challenges, Budapest-based IT education startup Codecool launched a disruptive model for training coding and other digital skills three years ago. The recipe proves to be successful as the company now adding €3.5 million of Series B round venture capital – provided by Lead Ventures and Portfolion – funding to finance its European expansion.
Banzai Cloud has closed its latest round of seed funding with a total investment of $2.5 million. The round was led by PortfoLion, a Central European venture capital and private equity fund, and included financing from FastVentures and Euroventures of Budapest, the latter being an angel investor that has been with the company since its foundation in 2017.
OTP Bank will launch its second international accelerator program in the first months of next year and is accepting applications from growth-stage startups and scaleups until the end of November.
Hungaryʼs Szallas.hu, an online service for booking commercial accommodation, has acquired Polish peer Spanie.pl; the two companies are expected to merge by September this year, Hungarian news agency MTI reported Wednesday.
Hungarian mobile payment company Cellum Global signed a strategic cooperation and investment agreement with Metranet, the digital services unit of Indonesiaʼs leading telecommunications group Telkom, in Budapest on Tuesday, according to local reports.
Europe’s AImotive has raised $38 million in a third round of funding for its software for autonomous cars.
AImotive receives third license for testing autonomous vehicles on public roads, AImotive has been granted a permit to carry out self-driving testings on public roads in Hungary. This is our third such license in a row after Finland and California.
The next startups aim to influence transportation. AdasWorks is making cars more smart, Rightware enabling better user experiences while driving and unu creating the mobility solution so that all people are enabled to embrace the full potential of urban life.