June 23 (SeeNews) - Romanian co-investment platform SeedBlink said that Red&White Management, the company which owns local football club Dinamo, is seeking to raise 1.94 million euro ($2.1 million) through the platform.
The amount which will be raised through SeedBlink is backed up by 2.4 million euro which have already been secured from angel co-investors, SeedBlink said in a statement on Wednesday.
Over the last four years the club has faced multiple difficulties, including relegation to the second division and not having a stadium of its own.
The Dinamo football club is one of the oldest in Romania, operating since 1948. Earlier this year, Red&White Management acquired a 80.77% stake in the club, aiming to restructure it by 2028.
SeedBlink is a Romanian-based investing platform for European tech startups and scale-ups.
($=0.92 euro)