OrthoSera Dental awarded HUF 180 mln in venture capital
OrthoSera Dental, a company which manufactures dental implants, has received HUF 180 million from the Széchenyi Capital Investment Fund (SZTA), a venture capital fund set up by the Hungarian government to finance SMEs, Hungarian news agency MTI reported today.
The capital will be used by OrthoSera Dental to expand its "BoneAlbumin" implants, devised by the company’s Austrian proprietor, fund manager Imre V. Csuhaj said, adding that the implants were developed at the Semmelweis University in Budapest, Hungary.
"Hungary has a 20% share of the worldʼs dental tourism; one in five tourist who come to Hungary do so to receive dental care,” the fund manager said, according to online daily index.hu. “This extraordinary interest can be further enhance by a unique development such as this implant," he added.
The owner of OrthoSera Dental augmented SZTA’s investment with an additional HUF 57 mln in cash and assets. Headcount at the firm is expected to increase by eleven by mid-2016.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.