December 8 (SeeNews) - Bulgarian investment company ImPulse I [BUL:IMP] said on Thursday that its ImVenture II fund invested 100,000 euro ($105,220) in Germany-based digital finance platform Tapline as part of a 31.7 million euro pre-seed funding round.
The total financing includes 30 million euro in debt funding provided by UK asset manager Fasanara Capital, ImPulse I said in a bourse statement.
Additionally, Tapline raised 1.7 million euro in equity funding led by Czech venture capital firm V-Sharp Venture Studio, with Antler, Impetus Capital, Black Pearls VC, 365 fintech, Depo Ventures and several angel investors also taking part.
Tapline, which is co-founded by Bulgaria-born Peter Grouev, is developing a digital platform providing financing to SaaS (software as a service) companies from central and eastern Europe.
The financing will allow the company to tap the potential of the SaaS service market by improving its fintech solution and growing its marketing team.
Recently, ImPulse I’s fund ImVenture II invested 100,000 euro in Bulgarian cosmetics company Noesis as part of a 235,000 euro funding round.
The investment company is also at a very advanced stage of striking two more deals by the end of 2022, co-founder Viktor Manev said during an online meeting with investors in November.
ImVenture II is managed by Impetus Capital, an alternative investment fund in which ImPulse I has a direct participation.
($ = 0.9502 euro)