Euroventures invests €1.3 million into cloud storage Tresorit

Euroventures invests €1.3 million into cloud storage Tresorit

Secure cloud storage startup Tresorit received a 380 million HUF (1.3 million EUR) investment from Euroventures and nine private investors. Their aim is to become market leader among cloud based service providers using shareable encryption.

Tresorit (formerly Tresorium) is an easy-to-use, cloud-based, secure file synchronising software, specifically designed to share confidential data of business users, mainly among small and medium sized enterprises, where there has been no reliable and secure solution available so far.Read more »

Biggeorge's invests $0.9 million in Boadree

Biggeorge's invests $0.9 million in Boadree

Jeremie fund manager Biggeorge's invests 200 million HUF (0.9 million USD) in Boadree, an IT security firm headquartered in Szeged. The startup was founded by young ethical hackers, all alumni of EEF’s Accelerator Course.

Boadree was founded by five young ethical hackers, all alumni of EEF’s Accelerator Course, who despite their young age have significant international experience in the field of IT security. The company focuses on building secutity software and providing online services to their partners, their clients range from small enterprises to corporate giants of various industries.Read more »

Real estate virtualization provider Real5D takes on $1.2 million

Real estate virtualization provider Real5D takes on $1.2 million

Real5D, a company that provides a tool that allows for real estate to be virtualized, and then toured, has raised $1.2 million in a round led by DoubleRock Venture Capital.

3D visualization technology has been around for some time, so Real5D closing a $1.2 million Series A rund from the U.S. venture fund DoubleRock might look out of place to some. But San Francisco-based startup Real5D has taken 3D visualization to an interesting level of interactivity by applying it to the needs of the commercial real estate industry.Read more »

Day One makes its first investment in software company Flan-Tech

Day One makes its first investment in software company Flan-Tech

Hungarian venture capital fund Day One has successfully completed its first investment with a EUR 250,000 funding of Flan Technologies. The target company develops online tools for the media industry.

The investment is the first one since Day One launched their first fund in 2011. The company provides real-time data analysis tools such as user generated data for editorial staff and campaign management tools for the marketing department. Day One is Hungary's very first home-grown VC company, while Flan Technologies is also currently owned by domestic entities. The VC firm's management consists of highly experienced individuals from the electronic media and advertising industry.Read more »

Music startup Mixgar secures a round of funding from InvestLife

Music startup Mixgar secures a round of funding from InvestLife

Hungarian music startup Mixgar has managed to bag an investment from the Phoenix group, which is managed by InvestLife. The funding will allow the social jukebox to pursue their short-term goals in product development and commercially marketing the product.

Social jukebox Mixgar, the startup which won IDCEE competition last year has raised €65,000 ($80,000) from Phoenix Investment group handled by InvestLife PLC. Incubated by Digital Natives, Mixgar is now an independent company as of June 2012. The new investors join existing key investor and current CEO Gerzson Huszar, but Digital Natives will still own a majority stake in the company.Read more »


 
 
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