Startup company

Bulgaria's QuarkVR Attracts Fresh Funding, Plans Staff Increase

Bulgarian software developer QuarkVR said on Tuesday that it has attracted two new investments worth more than 500,000 levs (3,000/256,000 euro) in total, as it won the trust and support of local investor CEO Angels Club, reports SeeNews. 

The startup's most pressing issue currently is the expansion of its team of specialists, QuarkVR said in a statement.  

Greece a laggard in venture capital funds too

Greece has a very poor record as far as the amounts invested in startups by venture capital funds are concerned: Since 2013, no more than 220 million euros has been invested in local startups, placing Greece in 23rd place among 34 European countries, according to Atomico's annual report presented this week, titled "The State of Europe Tech 2018."

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