March 9 (SeeNews) - Bulgarian IT startup DEV.BG said on Monday that it has attracted 200,000 euro ($228,000) in seed funding from local hosting services and software development company SiteGround, which will receive 10% interest in the startup.
DEV.BG intends to use the funds to expand its network of IT professionals and specialised events, as well as to develop its hiring platform HireHeroes.bg, the company said in a statement.
SiteGround will not be actively engaged in DEV.BG's operations, but will support the company with its know-how and contacts.
DEV.BG hosts over 160 tech events annually.
($ = 0.8789 euro)