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Bulgaria's ImPulse I invests 0.5 mln euro in US-based start-up Storied Data

Bulgaria's ImPulse I invests 0.5 mln euro in US-based start-up Storied Data Author: Rachel Johnson.

SOFIA (Bulgaria), June 27 (SeeNews) - Bulgarian investment company ImPulse I [BUL:IMP] said that it has purchased shares worth 978,000 levs ($528,600/500,000 euro) in US-based interactive publishing technology start-up Storied Data Inc.

The transaction was conducted through the Bulgarian investment firm's ImVenture II fund, the company said in a stock exchange filing on Friday without revealing the size of the acquired stake.

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Founded in 2020, Storied Data is incorporated in the US state of Delaware and develops interactive design technology for digital content such as freestanding documents, such as newsletters, company statements, infographics or surveys, as well as web and mobile pages.

ImPulse I did not respond to a SeeNews request for more information on the transaction.

According to the investor's website, ImPulse I invests up to 30% of its assets in companies distributing dividends and up to 70% of its assets in investment instruments.

Among companies that ImPulse I has backed so far are Bulgaria-listed IoT products maker Allterco, cargo drone developer Dronamics, electric vehicles (EV) maker Sin Cars as well as Webit Investment Network, or WIN, which completed a 5.8 million levs initial public offering (IPO) earlier this month.

(1 euro = 1.95583 levs)

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