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 […]
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.
The OTP Digital Fund is seeking promising early stage companies in FinTech and digital technologies from the CEE region. The ideal candidate has already found product-market fit and is seeking funds for business model validation, product improvement and business development.
The PortfoLion Regional Fund was pursuing investment opportunities among medium enterprises that operate mostly in Hungary and had at least 3-5 years business history. The fund intended to support companies that had a committed management, a promising business model, a well-established product and client base and were also open for new partners to exploit further market opportunities.
The OTP Venture Capital Fund I. focused on innovative start-up companies and businesses in operation for less than five years, or business opportunities meeting the same criteria, which had the potential to achieve a competitive edge through their unique business activities and novel approaches. Ideal targets, therefore, were believed to be capable of achieving dynamic international expansion in their relevant markets.