SZTA venture capital fund invests HUF 160 mln in designer Konsanszky

Telco

The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state to support SMEs, has invested HUF 160 million in fashion design company Konsanszky, the namesake of co-founder Dora Konsanszky, SZTA CEO Imre V. Csuhaj said yesterday.

SZTA wishes to support the international expansion of Konsanszky with the investment, Csuhaj said.

The company will use the funds to organize a professional team, which they can later build on to expand into foreign markets such as France, the Netherlands, Scandinavia and China, Konsanszky managing director and co-founder Agnes Tus-Dzsurban said.

Konsanszky is targeting revenue of HUF 10 mln this year, and expects turnover to reach HUF 90-120 mln by 2018.

Fiscal Council Head Points to Need for 'Very Disciplined' Bu... Analysis

Fiscal Council Head Points to Need for 'Very Disciplined' Bu...

NVB Orders Recount of Invalid Votes in Budapest Mayor Electi... Elections

NVB Orders Recount of Invalid Votes in Budapest Mayor Electi...

Home Rental Rates in Hungary Rise 10.5% in May Residential

Home Rental Rates in Hungary Rise 10.5% in May

Discover the Potential of Geothermal Energy at Budapest Geot... Conferences

Discover the Potential of Geothermal Energy at Budapest Geot...

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.