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Croatia's Entrio gets 9 mln euro investment from Invera

Jun 25, 2024, 10:57:51 AMArticle by Annie Tsoneva
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June 25 (SeeNews) - Croatia-based Entrio Tehnologije, which owns event ticketing platform Entrio.com, said on Monday it has secured an investment of more than 9 million euro ($9.7 million) from local private fund manager Invera Equity Partners, aiming to fuel its expansion in Southeastern Europe, the founder and co-owner of Entrio, Berislav Maszalek, said.

Croatia's Entrio gets 9 mln euro investment from Invera
Source: Entrio

„Collaboration with Invera Equity Partners will result in significant growth for the Entrio platform across all business segments, strengthening our position in existing markets and opening new international ones. Invera Equity Partners owns a majority stake, but operational leadership remains with the existing management,“ Maszalek said in an e-mailed statement to SeeNews.

The investment includes a capital increase and, to a lesser extent, purchase of shares from some minority shareholders, Maszalek said, without disclosing further details of the deal.

Following the transaction, Entrio.com has six investors: Invera, Maszalek, Luxembourg-based investment fund manager Fil Rouge Capital, and three angel investors, he added.

"Our aim is to be the number 1 event ticketing platform in Southeastern Europe and we will use the investment to open new markets in the region," Maszalek explained.

The event ticketing platform operates in Croatia and Slovenia and recently started doing business in Bosnia and Herzegovina. It has 30 full-time employees.

Entrio Tehnologije closed last year with a consolidated revenue of 1.8 million euro, Maszalek said.

In 2022, the company's revenue came in at some 1.1 million euro, according to business information provider Dun & Bradstreet.

($ = 0.931 euro)

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