As the investment period of JEREMIE I is slowly approaching its deadline with nearly half of the available funds still waiting to be invested; exciting, new investments arise. Like that of StressIndex: the Hungarian company specialized in stress management received nearly USD 500,000 from the JEREMIE funded Euroventures. The interesting thing about this is that, “hot issues” like workforce productivity and nonmedical [...]

Central Fund acquired Office Depot Hungary, the Hungarian unit of the global office supplies provider Office Depot.  The unit will operate under the same trade name in the future and continue to serve OD’s global accounts in Hungary. Financial terms of the transaction haven’t been disclosed. Office Depot’s exit may be a consequence of rationalization; [...]

Hungary-based Primus Capital has added a new twist to its investment strategy. The company is putting up a HUF 400 mln fund to launch iCatapult, a business accelerator that will promote local companies on the global market. The fund will focus on getting Hungarian tech companies business exposure in the United States. Digital Natives will provide [...]

Scitech Holding, a leading player in the international market for sports nutrition, has taken on board Enterprise Investors and Morgan Stanley Alternative Investment Partners as significant minority stakeholders in a recent transaction. The acquisition of equity will enable the target company to continue its successful growth path of the past two decades. The Morgan Stanley [...]

IdeaPool, a Hungarian firm specialized in intelligent packaging and shelf-life indicator solutions has received a capital infusion worth of USD 203k (HUF 46mln ) from Colabs StartUp Accelerator. The company’s patent-pending flagship product is – still in development phase –  a method that is able to alert the consumers when their milk is expired, more precisely [...]

JEREMIE winner DBH Investments has invested HUF 80 mln in the developers of Hand-in-Scan, medical hygiene tool that checks the efficiency of hand sterilization in the hospital environment. The product has already won the LISAvienna MedTech Award for 2012, and is a unique tool that uses safe UV technology to objectively measure the quality of [...]

VC firm Primus Capital has invested HUF 350 mln into Reimagine Technologies, a company that has developed an energy-efficiency monitor that analyses and optimizes power consumption. The product, called SmartSocket, evaluates the amount of power consumed by various appliances and helps bring down costs for the user, as well as increases the safety factor of [...]

Hungary’s biggest commercial lending organization, OTP Bank, has invested EUR 1.5 mln through its investment arm PortfoLion, on Replise, a company that develops social media brand monitoring software. Previously known as BrandMonitor, the software tracks brand-related activities across multi-media platforms to create real-time snapshots of ‘brandspeak’ – complete with facts and figures. PortfoLion‘s investment will [...]

Biggeorge’s, fund managers for Jeremie, has invested USD 900,000 (HUF 200 mln) in Szeged-based Boadree, an IT security startup founded by five young but experienced ethical hackers from the Accelerator Course run by the European Entrepreneurship Foundation (EEF). The founding team members were also one of the winners in a previous Jeremie Venture Contest. The [...]

Investors have jumped on to the bandwagon called Tresorit Kft, a young Budapest Technical University startup that has the IT world in a tizzy. Started by a group of three IT engineering students and their professor, the company has created software that promises to make the prohibitive costs of high-end encryption for file-sharing in the [...]

CEE private equity fund company PortfoLion has closed its exit from Cryo Management with the sale of the company to Vitrolife. The sale marks the first successful exit made by a VC company that is part of the JEREMIE I initiative, and is a landmark in the joint European funding program for SMEs. The Hungarian portfolio company gives Vitrolife [...]

Primus Capital has made a EUR 400 mln investment commitment in cancer research and drug development company HYD. The investment will be rolled out in two phases and will allow the company to verify and validate the results of their Phase II human clinical trial for their patented deutériummegvonás, which is a new concept in tumor [...]

Day One Venture Capital Fund I has successfully completed its first investment with a EUR 250,000 funding of Flan Technologies.

Docler Investments, the venture arm of Docler Holding, has acquired 49% share of interest in the Hungarian design company, IVANKA Concrete Factory for HUF 240 mln (USD 1 mln). 

Hungarian music applications developer and startup company Mixgar has managed to bag an investment from the Phoenix group, which is managed by InvestLife.

In a surprise move, 3D visualization technology company Real5D has bagged a USD 1.2 mln Series A round of funding from US VC player DoubleRock. The investment itself is a surprising move considering that the technology has been around for some time, but Real5D seems to have filled a niche that has long been wanting [...]

In our Company Review session we are to explore the most promising, Central and Eastern European start-ups and companies with unique ideas. Besides the company profiles we also include short market and competitor analyses.   This week we introduce IVANKA Concrete Factory, a fresh design firm from Budapest, Hungary.

KupiMe Group, owner and operator of a collection of popular online retail entities in Slovenia, Croatia and Serbia, has bagged a considerable round of financing from PE investment firm iEurope Capital. The investment is intended to provide a strong platform for KupiMe’s growth moving forward. The group offers a service similar to that of Groupon; [...]

Portfolion has made a HUF 160 mln investment in KPS, a medical biotechnology company that specializes in detecting cancer through the use of molecular means. The investment will allow KPS to gain the lead position in this highly specialized field by expanding its marketing, sales and business development operations and make the technology available on [...]

Hungarian VC fund company DBH, the investment partner of the JEREMIE Program since 2009, has made an investment of HUF 200 mln into healthcare service provider, Indiso. The Debrecen-based company provides medical services in the form of Speleotherapy, using natural salt (NaCl) to treat respiratory diseases caused by a variety of environmental and personal, social conditions [...]