Participated · Equity · Aug 2018

Biodit builds fingerprint-based access control hardware and accompanying software used for access management, time monitoring and vehicle security. Its product portfolio includes vehicle protection solutions, biometric door locks and integrated access-management systems for production, hospitality and healthcare, plus proprietary fingerprint-capturing devices and software. The company has roughly 12 employees and about 40 major local production and retail clients, with first customers in Spain including NH Hotel Group. Biodit was founded in 2010 in Spain; the founder Julian Sofroniev moved the company to Bulgaria in 2012. Financially, the company reported €80K revenue in 2017, expects about €200K this year, plans to grow 100% annually and target €1M in 2020, and aims to reach break-even in late 2019. Management is pursuing European expansion (Spain, UK and Scandinavia) and preparing an IPO on the Sofia bourse.

Participated · Equity · Jun 2018

Content Insights builds an editorial intelligence platform and launched its analytics suite in 2016 that evaluates content, authors, topics, sections, and referrers using its proprietary Content Performance Indicator (CPI). The platform delivers actionable audience engagement insights and lists clients including Ringier Axel Springer, Süddeutsche Zeitung, Diario Noticias, Clarin, South China Morning Post, Daily Mail Group, and De Persgroep. Founded in 2014 and based in Serbia, the company operates offices in Novi Sad, Sofia, and Prague and employs 34 people. Content Insights is not yet profitable. It plans to use the new capital to scale sales and marketing with a particular focus on entering the US market by the end of 2018.

Participated · Equity · May 2016

Properati operates an online and mobile platform for consumers seeking homes, apartments, and condominiums across Latin America. The platform offers enhanced search capabilities, including price, property, and neighborhood data and information. Clients pay only for qualified leads rather than for publishing or featured listings. The service is available in Argentina, Chile, Colombia, Mexico and Brazil and lists over 1 million properties in Brazil and almost 2 million across LatAm. Properati will use the capital to expand and consolidate its regional presence in key markets like Mexico and Brazil and to continue developing its solutions. Founded in February 2013 and based in Buenos Aires, the company has raised $4.2m to date. Properati is a Buenos Aires, Argentina–based online and mobile real estate marketplace operating across Latin America. Led by founder and CEO Gabriel Gruber, the company provides consumers seeking homes, apartments and condominiums with enhanced search capabilities and integrated price, property and neighborhood data. Properati currently serves the markets of Brazil, Mexico, Argentina, Colombia and Chile. The company raised an undisclosed seed funding round backed by new investor GroupArgent and other institutional and angel investors. Properati plans to use the funds to continue its pan-regional expansion, with particular focus on the Brazilian market. In Brazil it will hire local staff to grow its realtor and user bases.