Hiventures invests HUF 207 mln in TrustChain
Hiventures, the venture capital fund manager of the state-owned Hungarian Development Bank (MFB), has invested HUF 207 million in TrustChain which makes a digital contract signing platform, Hungarian news agency MTI reports.
TrustChain founders András Vándor and Gergely Romhány
Hiventures said TrustChainʼs platform is already being used in Hungary and the Czech Republic and it will launch in another 23 countries on March 1, 2020.
TrustChain will use the fresh funding for the expansion and to hire new staff, as well as to further develop the platformʼs functions for SMEs.
Startup Campus Incubator injected HUF 53 million in TrustChain in 2017. Hiventures pumped HUF 149 mln into the company next.
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.