The new financing was obtained from a group of business angel-type investors, among which Iulian Circiumaru, an investor engrossed in several entrepreneurial projects. Also, within the new funding round, TZA Investors, an investment vehicle held by the founders of law firm Tuca Zbarcea & Asociatii, boosted its initial investment.
In autumn 2020, Comarket managed to attract funding worth EUR187,500, of which EUR70,000 were obtained from TZA Investors and the remainder came through Seedblink, a local crowdfunding platform for Romanian IT start-ups.
Comarket’s valuation has reached the EUR1.5 million threshold, following the new investment. After the third funding round of EUR150,000 within the pre-seed campaign, the company’s valuation will exceed EUR2 million.
The amounts raised in the last funding round will be invested in digitizing the procurement process for more than 500 businesses in the hospitality industry, by integrating the own supplier chains and creating mini-ecosystems.
The Comarket platform provides fast and efficient solutions for the management of procurement activities within businesses in the hospitality industry, by offering a modern alternative to traditional methods.