• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
A Hungarian company is part of the world’s greatest investment programmeA Hungarian company is part of the world’s greatest investment programmeA Hungarian company is part of the world’s greatest investment programmeA Hungarian company is part of the world’s greatest investment programme
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Alexandra Béni Alexandra Béni · 10/03/2017
· Business

A Hungarian company is part of the world’s greatest investment programme

information technology investment success United States

According to forbes.hu, the world’s best-known incubator and investor, Y Combinator recently published the list of companies for their actual semester. Startups that take part in their programmes belong to the absolute forefront of the world and this year, a Hungarian team, Bitrise, is among them for the first time.

The world’s most successful investor company, Y Combinator launches two, three-month-long incubator programmes every year for the most promising startups of the technological sector. The chosen startups move to the Silicon Valley, receive investment, and unmatched professional help, relations. The programme is ended by a Demo Day, where startups can present their products to the world’s coolest venture capitals investors.

Since its foundation, the incubator has invested in almost 1500 companies, whose joint assessment reaches 80 billion dollars. This includes 10 unicorns, in other words companies with an assessment that exceeds 1 billion dollars, like Dropbox, Airbnb, Reddit or Stripe. It’s by no accident that the tech world’s venture capital investors keep track of the development of new teams arising from Y Combinator and that the majority of them finish the programme with term sheets of new investments.

So this is a huge opportunity for the team of Bitrise. The company, founded in 2014, is developing a software, which facilitates and makes the life of mobile application developers more efficient, meaning that it saves money, time and resource for technological enterprises and developers themselves.

Their partners include companies like Foursquare, Invision, Plangrid and Product Hunt. The team received the first investment from Fiedler Capital, an investor company focused on startups in their beginning phase in the Eastern-Central European region.

Bitrise got accepted to Y Combinator’s programme two months ago. “The biggest advantage of Y Combinator is the incredible relationship network, which opened up before us. New doors that can radically better our business development and growth opportunities from day to day. Moreover, the unbelievable pace set here by everyone should be highlighted as well. All participants try to produce better and better rates and growth from week to week” said Barnabás Birmacher, the cofounder of Bitrise.

The programme hasn’t ended yet, the founders and a part of the team is still working hard at the Mountain View base, so that they can present as many results at the closing event on March 20-21 as they can. We’ll surely hear a lot about them in the upcoming period, since serious investors are already interested in them, and the team plans on expanding its engineer guard in Budapest significantly in the upcoming months.

Photos: www.facebook.com/Bitrise, BarnabásBirmacher

ce: bm

Source: https://forbes.hu/

information technology investment success United States
Share
Alexandra Béni
Alexandra Béni

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • A new university starts operation on 1 February in Hungary!
  • OECD: Hungary continues to fail to implement Anti-Bribery Convention
  • Hungarian President: Hungary strives for a quick ceasefire in Ukraine
  • PHOTOS: Budapest’s most beautiful historic cafés
  • Europe’s greatest battery plant in Debrecen criticized by locals, opposition
  • Here is the first deodorant refill station invented by Hungarians
  • Hungary would like the Turkish president to win the Nobel Peace Prize
  • Exotic airline comes to Budapest with new flights this summer

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V