Turkish firm buys stake in Romanian form-building startup

Deals

Turkish venture capital firm 212 will buy a stake in Romanian online form-building software startup 123 Form Builder, for an undisclosed sum, according to a report by Romania-insider.

212 will join existing shareholders Catalyst Romania and Adrian Gheara, as the startup looks to solidify its presence in the US with the opening of a new office.

123 Form Builder says it has become a revenue positive, profitable company this year as its revenues increased significantly since the start of the COVID-19 pandemic. 123's online form-builder allows companies to create secure GDPR and HIPAA compliant forms, and the demand for its forms has surged as more businesses transition to or are stepping up their online sales functions.

With the ability to integrate these forms with more than 80 of the internet's most popular tools, including WiX, Salesforce, Square, Zendesk, and others, 123 Form Builder is very well positioned to grow exponentially in the near future, the company says.

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