Serbia’s Vega IT investing 1 mln euro in new startup - report

This startup will enable medium and large enterprises around the world to significantly accelerate the achievement of their business goals, especially through the attraction, recruitment, development and greater commitment of their employees, news portal Netokracija reported on Monday.

“We firmly believe that the Thrive team has the knowledge and ambitions needed to achieve global success, while we, as founders and investors, have the task of helping them on that path with our experience,” Netokracija quoted Vega IT co-founder Sasa Popovic as saying.

Last month, the European Bank for Reconstruction and Development (EBRD) approved a senior secured loan of 700,000 euro to Vega IT to help fund its expansion.

Established in 2021, Novi Sad-based Vega IT focuses on software development services. It has more than 200 clients and employs more than 750 software engineers.

($ = 0.9313 euro)