Hungary

Enbrite.ly, a Hungary-based startup that aims to make online traffic sources as transparent as possible, received €500k in funding as the winner of Slush* 100 pitching competition. The investment was made by the Finnish Business Angels Network and Evli. The syndicate was led by FiBAN chairman Riku Asikainen and included Jari Ovaskainen Super Angel (FIN), […]

Prezi, a San Francisco, CA- and Budapest, Hungary-based presentation platform, raised $57m in funding. The round was led by Spectrum Equity, with participation from existing investor Accel Partners. The company plans to use the funds to accelerate its global growth. Founded in 2009 by Peter Arvai, CEO, Prezi provides a presentation platform that allows users […]

Mid Europa Partners, a private equity firm focused on buyouts in Central & Eastern Europe, recently held the final closing of Mid Europa Fund IV at €800m. It is complemented by an additional pre-allocated co-investment program of €650m. Following Mid Europa’s investment strategy of targeting CEE’s high growth sectors that benefit from consumer trends, buy […]

Organica Water, a Budapest (Hungary)-based global provider of innovative solutions for the treatment and recycling of wastewater, completed its Series B financing. The amount was not disclosed. The round was led by International Finance Corporation, with participation from WLR China Energy Infrastructure Fund L.P., a private equity fund managed by Invesco WLR Private Equity Investment […]

Prezi, a Budapest, Hungary-based zooming presentation software, has closed a $14m Series B financing. The round was led by Accel Partners, with participation from existing investor Sunstone Capital. The company intends to use the capital to hire talent, expanding its offering across multiple platforms, and widening its global reach. Founded in 2009 by Adam Somlai-Fischer, […]

Gravity, a Budapest, Hungary-based recommendation systems developer, has raised nearly $2m in funding. The round was led by PortfoLion, the venture capital arm of OTP, a Central and Eastern European independent banking group, with participation from existing investors. Gravity, which previously raised close to $1m, intends to use the funds to to strengthen its presence […]

in4, Ltd., a Budapest-based developer of a flexible database that contains semantic elements, entities, and their relations, called iGlue, completed a $550,000 Series B round of financing. The new funds, provided by an accredited private investor, will be used to launch iGlue‘s automated and hand annotation tool and to complete additional feature development work. iGlue […]

The European Bank for Reconstruction and Development (EBRD) agreed a €50m credit line to CIB Bank in order to increases the availability of financing to the real economy in Hungary A part of the facility, at least €10m equivalent, will be denominated in Hungarian Forint. The proceeds of the loan will be used to finance […]

The European Bank for Reconstruction and Development (EBRD) and Intesa Sanpaolo Group are increasing the availability of financing to small and medium sized enterprises (SMEs) in Central and Eastern Europe with a financing package of up to €100m to Intesa Sanpaolo Group’s subsidiaries in Bosnia and Herzegovina, Hungary and Serbia. The facility (subject to completion […]

The European Bank for Reconstruction and Development (EBRD) has sold its minority share ownership in six life assurance and pensions companies in central and eastern Europe, subsidiaries of AXA Group. The Bank is exiting from AXA Zycie and AXA PTE in Poland, AXA Penzijni and AXA Zivotni in Czech Republic, AXA Biztosito and AXA Magyarorszag […]

The European Investment Bank (EIB) is to lend €100m to MKB Bank Zrt. (MKB) to finance projects undertaken by small and medium-sized companies (SMEs) and mid-cap companies. The EIB funds will support small-scale projects in the following sectors: – energy, – environmental protection, – infrastructure, – the knowledge-based economy, – industry and services, including tourism. […]