Ashton Kutcher (photo: Everett Collection / Shutterstock.com)

As reported last week, a group of Hungarian entrepreneurs has launched Oktogon Ventures, a fund worth EUR 20 million that will invest in startups in a number of countries in Eastern Europe. It has already made two investments in Hungarian companies, Recart and Bitrise, the latter together with Kutcher as an angel investor.

Focusing on Android, iOS & cross-platform mobile continuous integration and delivery, Bitrise recently acquired Outlyer, a British-American company.

Kutcher is perhaps more famous now for his investments than for his films, notes forbes.hu. He has built a significant portfolio, including startups such as Airbnb, Skype, Spotify and Shazam.

Bitrise plans to triple revenues and expand its headcount from the current 60 to up to 120 by the end of the year with a new internal sales team. Target markets will include Japan, alongside the United States and United Kingdom.

The long-term goal is for Bitrise to enter the U.S. Nasdaq stock market in five years, for which it will need to generate USD 100 million in revenue to meet entrance criteria, forbes.hu noted.