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Romanian hospitality marketplace Comarket seeking 150,000 euro investment

Romanian hospitality marketplace Comarket seeking 150,000 euro investment Florin Maxim, CEO, and co-founder of Comarket Source: Comarket

BUCHAREST (Romania), October 19 (SeeNews) - Romanian centralised SaaS and B2B marketplace addressed to the hospitality industry Comarket aims to raise 150,000 euro ($174,901) from international investors to finance its regional expansion, it said on Tuesday.

"The founders of the startup will pitch to angels and venture capital funds in Wroclaw, Poland," Comarket said in a press release.

The Polish market is similar to Romania, which is at the same stage of development of the hospitality sector in terms of consumption, with similar consumption habits, the company noted.

After the expansion in Poland, which should take place next year, the Comarket intends to expand in the Czech Republic, ensuring its entry in Western Europe,

"We have planned a global tour that begins with the Wolves Summit in Poland to pitch in front of investment funds and angel investors in Southeast Europe. Our third round of pre-seed will come from investors outside Romania. In addition to cash, we aspire to attract smart money and know-how for expansion in the region next year. We likewise want to know other regional startups to integrate with other similar platforms,” Comarket CEO Florin Maxim explained.

At the end of September, Comarket announced it has raised 150,000 euro from a group of business angels, which it will use to speed up its local development.

Comarket is a B2B digital marketplace, born in response to the need to digitise procurement processes, which brings together in the same platform professionals and suppliers in the hospitality industry, a process designed to streamline the supply chain.

($=0.8576 euro)