Badu OOD

The Bulgarian mezzanine fund Silverline Capital and well known Bulgarian entrepreneurs have invested 2,600,000 EUR in Badu – a Bulgaria-based online retail store, offering a product portfolio of goods, sourced through a proprietary supply chain in China. Currently, Badu operates in Bulgaria, Greece, Cyprus and Romania.

Alcatraz AI

Alcatraz, the US-Bulgarian company for autonomous access control that uses 3D facial authentication and AI to create safe spaces, raises a $25M Series A Round. The round was led by Almaz Capital and included The European Bank for Reconstruction and Development (EBRD), Endeavor Catalyst, Silverline Capital, and Golden Seeds, along with participation from existing investors JCI Ventures.