June 11 (SeeNews) - Sofia-based New Europe Venture Equity (NEVEQ) decided to invest a combined $12 million (8.6 million euro) in six IT companies, after a successful capital hike, the venture capital firm said on Thursday.
NEVEQ will invest $3.0 million in U.S.-based software company FinAnalytica and $2.0 million in travel services web portal lesson.com, both part of its portfolio for marketing of their products, the company said in a statement.
A further $7.0 million will be invested in four companies, two in SouthEast Europe and two in Western Europe. Further details on the four companies NEVEQ will provide after the issuing of the financial results for the second quarter of the year, the statement said.
NEVEQ has increased its capital to 28 million euro from 22.5 million euro, the statement said.
The company, founded in 2006, focuses on investments in Bulgaria, Romania, Serbia, and Macedonia.
Besides lesson.com and FinAnalytica NEVEQ has also invested in the semantic technology lab Ontotext, media platform MaYoMo, internet platform FAVIT, and designs and manufactures an integrated software and hardware solution SpinetiX.
($=0.7144 euro)