Gan Limited (NASDAQ: GAN), an Irvine, CA-based full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, acquired Bulgaria and U.K.-based online casino game developer Silverback Gaming.


ClaimCompass, a Sofia, Bulgaria passenger rights provider in Europe, which helps travelers get compensated in cases of flight disruptions, completed the acquisition of Service, a provider of a travel app, based out of Los Angeles, which has brought flight compensation to the US market.


Appfire, a Boston, MA-based provider of apps for software development teams, is expanding its product portfolio with the strategic acquisition of Botron Software, a Sofia, Bulgaria-based provider of tools that enable enterprise-level change and configuration management within Jira.

Flipps, a San Francisco, New York and Sofia, Bulgaria-based provider of an app to stream entertainment from a mobile device to TV, raised $2.4M in funding. Backers included Earlybird Venture Capital and existing investors including Tim Draper. The company intends to use the funds to expand its library of premium content. Led by Kosta Jordanov, […]

Imagga, a Sofia, Bulgaria-based cloud platform that helps businesses and individuals organize their images, raised $350k in funding. Backers included LAUNCHub ($260K)and other unnamed private investors ($90k). According to a written statement, a (small) portion of this amount is for buying out of the shares of OpenFund, a previous micro-seed investor in the company. The company intends […]

The EIF has selected Eleven and LAUNCHub to manage a €21m Entrepreneurship Acceleration and Seed Financing Instrument under the JEREMIE Holding Fund. Eleven will manage a €12m acceleration & seed fund with a view to making around 200 investments in innovative young businesses. Investments into individual portfolio companies will typically be in the range of […]