PortfoLion invests HUF 300 mln in data mining company
Venture capital fund PortfoLion, a unit of OTP Bank, Hungary's biggest commercial lender, has invested HUF 300m in data mining company Gravity R&D, business daily Világgazdaság reported on Friday.
Gravity R&D owner Docler Holding raised capital in the company by HUF 50m at the same time, the paper said.
Gravity R&D was established by a research scientist and three PhD students in 2007. The company's staff of 40 serve clients in twelve countries.
Gravity R&D got almost HUF 200m in venture capital in 2010 and 2009.
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