Vienna-based Startup Consultant i5invest Launches Operations in Sofia
i5invest, an Austrian-based Corporate Development and M&A advisory, is expanding to Bulgaria, now reaching 5 locations across Europe and the US. Following 4 years of rapid development and multiple successful cross-border investments and exits, establishing presence in Bulgaria is a strategic step for solidifying exposure to IT and Tech companies from the region.
“Bulgaria is a market we have been watching already for some years and we decided to put a foot on the ground with a local presence, join the emerging local ecosystem and support tech companies in the growth phase”, Herwig Springer, CEO of i5invest
“Bulgaria has excellent IT specialists and a vibrant tech cluster. Both tech transactions and foreign investments in R&D point towards intense Tech activity and we at i5invest are very happy to work more with the region”, Georgi Natchev, Bulgaria lead i5invest
The Bulgarian office
i5invest launches in Bulgaria in cooperation with Simbula, a leading corporate finance consultancy. Simbula is the perfect partner for i5invest thanks to the well-established practice, extensive corporate finance experience, exposure to digital businesses and its global mindset. The role of Simbula is to make possible a smooth and efficient integration within the local ecosystem, leverage expertise and help IT and Tech companies go global.
Why Sofia, Bulgaria
According to the official news release, the recent years Bulgaria has been marked by great leaps in Startups, IT, and Tech in line with increasing foreign investments and expenditure. Many big-name global players are showing increasing interest in setting up sizeable IT R&D and Development centers. Further, multiple business accelerators, investment bodies, and coworking spaces have emerged, while the local community is growing thanks to increasing number of conferences, events, and educational initiatives. The Bulgarian and regional IT and Tech ecosystem is experiencing great leaps and growing quickly. Many companies need or will need additional capital and strategic international partnerships to accelerate growth or expand in Europe and the US.
About i5invest
i5invest is a group of serial entrepreneurs, business angels and corporate development experts in the tech space in Europe and the US committed to long-term partnerships with vast experience in scaling and exiting international tech companies. The company helps IT and Tech companies in the scale-up phase to find the right investors and strategic partners globally. With offices in Silicon Valley, Austria, Netherlands, Switzerland and now Bulgaria, i5invest features an excellent network spanning from Europe to the USA and Asia.
