The Bulgarian Accelerator LAUNCHub has kicked off 2014 with 10 new investments 1 follow-on in portfolio member EdHub and 9 new teams on board.The latest investment decision followed the Long Weekend Event held during November 28 – December 1, 2013 which was the culmination point of our fourth application run.
During four days of intensive pitching, coaching and mentoring, 14 teams competed and 9 were successful in receiving seed investment funding of up to 200K Euro. The event proved that Launchub is definitely facing a maturing startup ecosystem in the region, becoming more and more attractive to investors.
According to a blog post by the company, in the latest selection run, most of the teams that have been met were in a more or less advanced early stage, with proved traction, some with first sales, having gained first customer feedback and showing good knowledge of markets and trends.
With the new 9 teams on board, the portfolio of Launchub increases to 35 teams from 7 countries in Southeastern Europe Bulgaria, Macedonia, Romania, Croatia, Greece, and Slovenia and Ukraine joining in with the latest investments. More on the new teams:
Appticles – allows to mobilize web content creating great user experience. The platfrom targets publishers and is based on the Open Web concept & HTML5.
Greenpie – provides a cloud-based solution for nutritionists that automates nutrition counseling processes and connects nutritionists to their clients in real time.
Prefer.ly – facilitates social decision-making.by extracting online reviews for different products and transforming them into purchase decision advice.
WPToolbox – is a marketplace for wordpress add-ons and pack of tools for bloggers and webmasters, including a unique platform for WP installation packs.
Equafy – provides a multi-browser automated testing tool and service. The IaaS/SaaS solution allows for tests to be run on any browser and for automatic bug identification and analysis.
Mediately is a drug information mobile app and web application, which makes drug information easily available to doctors.
IQFriends Social brain training games on mobile that people can play and thus train their brain in a fun and social way.
GameMatch is a mobile game discovery platform that helps players discover great games and developers find their target audience.
BGMENU is an online platform for food ordering and delivery including over 250 restaurants in Bulgaria, which increase in number every day. Besides delivery, the Take Out option allows ordering on the go and pick up at the restaurant.