Sofia Angels Ventures invests in Krik.bg to fuel expansion

As part of the funding round, Sofia-based Vitosha Venture Partners invested 140,000 euro in Krik.bg, Sofia Angels Ventures said in a statement.

The investment will fuel Krik.bg's expansion into new markets such as Romania, Greece, Germany and the Czech Republic.

Currently focused on the business-to-business (B2B) segment and hiring sales representatives in target markets, Krik.bg will strengthen its leading position while driving sustained value for clients and stakeholders, SAV added.

Krik.bg, founded in 2022, has an inventory of over 14 million auto parts for the whole vehicle spectrum, serving both the B2B and business-to-consumer (B2C) segments.

SAV, a 13 million euro venture fund for angel and private co-investment, is backed by the European Investment Fund.

($ = 0.925 euro)