Bulgarian-US Software Startup Attracts USD 1.9 M Investment

Business | April 1, 2014, Tuesday // 13:19| Views: | Comments: 0
Bulgaria: Bulgarian-US Software Startup Attracts USD 1.9 M Investment File photo

The Bulgarian-US software startup company Rinfinity attracted an investment of USD 1.9M. 

It develops software for eliminating wasted office space. 

Rifiniti is founded by Michael Gresty, who is also its chief executive, and Irina Mladenova. The company is based in Boston, but the software is developed in Sofia. 

Rifiniti said, quoted by the Capital weekly, that the funding was led by Nauta Capital, which has a presence in London, Boston, and Barcelona. Also investing in the round were Boston-based angel investing group Hub Angels and unnamed Boston-area angel investors.

The startup was a graduate of the 2013 MassChallenge startup program in Boston, and named one of the 26 top companies in the competition out of 128 that took part. 

The software platform has own algorithms, which optimize the work processes and improves the use of office space. 

So far the company has three customers from the IT sector and is seeking to attract more.

Business » Be a reporter: Write and send your article
Tags: startup, software, rifiniti
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria