On 13.12.2024, MFG Invest AD invested an additional amount of 200,000 (two hundred thousand) euros in the French-registered company Native Consulting (reg. number in the Commercial Register in Nice – 834 598 716). The investment was made through a convertible loan. The company is preparing a financing round, which is expected to be completed in early 2025, and within this round, the investment of MFG Invest AD will be converted into shares.
The initial investment in the company is 250 (two hundred and fifty thousand) euros and was made in March 2023.
About Native Spaces
The Native Consulting product is a platform (https://native-spaces.com) that completely changes the way we reserve and organize events. The focus is currently on corporate events, and the first market – the French Riviera – a preferred destination for high-class events. The team boasts clients such as YouTube, Adidas, Twitch, Amazon, Dior, WSJ, BBC and LinkedIn. In 2024, the company expanded its operations to Paris and other regions of France.
Native Spaces offers unique places of its kind, which are checked by the team to ensure their quality. Native Spaces discovers new spaces such as galleries, museums, boats, private houses that are empty for part of the year or have not previously been used for such a purpose. This way, hosts receive additional income, and customers – a remarkable experience.
In the third quarter, the company managed to increase the platform’s turnover by 33% directly from the same period in 2023. In early December, the company launched a new version of the platform, which further automates processes and improves the user experience.