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Hungary’s Euroventures invests HUF 200m in Furgefutar.hu

Hungary’s Euroventures invests HUF 200m in Furgefutar.hu

BUDAPEST: Euroventures invested HUF 200 mln in Hungarian internet express delivery company Furgefutar.hu, the venture and private capital investor told Hungarian news agency MTI today.

Furgefutar.hu has experienced an annual growth of 75% since it was established in 2010, Euroventures said, booking a “small loss” on revenue of HUF 158 mln last year, according to public records.

MTI said that Euroventures manages the HUF 7.1 bln Euroventures IV Fund, which is supported by a contribution from the Swiss-Hungarian Cooperation Program, and it also invests in Hungarian SMEs. The investment period for the ten-year fund runs until the end of this year.