Quaterly report of MFG Invest, Q1 2023
The year started positively for MFG Invest, with trading of BEAM’s shares on the Bulgarian Stock Exchange starting on 06.01.2023. In the first quarter of 2023, we made
two new investments and one follow-on investment.
We increased our investment in
Tiger Technology by 525,933 euro.
Their technology quality is evident from their partnerships with AWS, Microsoft, IBM, Wasabi,
Seagate, and Milestone Systems. In 2022, the company increased its sales by 50%, and for 2023, Alexander Lefterov, the founder of the company, has set a goal of
a 100% increase by expanding the trading network and expanding into several new markets.
We invested
250,000 euro in Native Spaces,
a company that develops a platform that connects companies or individuals looking for event spaces with suitable property owners. The platform offers not only obvious choices like restaurants and halls but also unique places like villas, yachts, and even castles.
Another company that impressed us greatly is
FindMeCure.
They offer two platforms – the first one helps patients find innovative treatment in the form of
clinical trials. The second one, TrialHub, provides data and insights about these trials to the companies that sponsor and execute them.
We are in a constant path of seeking out companies in which to invest, focusing on those with strong teams, innovative products, and a forward-thinking approach to the market.