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Feb 07, 2023 11:39 EEST
February 7 (SeeNews) - Bulgaria’s investment company MFG Invest [BUL:MFG] said it decided to invest a further 525,933 euro ($563,088) in its portfolio firm Tiger Technology.
The new investment will be made by April 30, MFG said in a statement on Monday.
Sofia-based Tiger Technology designs and implements software products and solutions for data storing. The company’s main software product allows the synchronisation of data between Windows file servers and client machines using a cloud provider.
MFG Invest raised 4.04 million levs ($2.21 million/2.07 million euro) in an initial public offering in December, saying it will use the proceeds to invest in new companies or boost investments in portfolio firms.
In January, MFG invested 250,000 euro in Bulgarian-British healthtech startup FindMeCure and 214,936 levs in Bulgarian hydrogen electrolyser systems manufacturer Green Innovation. At the end of December, the company put 100,000 euro in its portfolio firm Eleven Fund III Cooperatief U.A.
($ = 0.9340 euro)
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