To this end, 7.14% of the company’s shares will be put up for sale on SeedBlink, on September 2, 2021.
The investment round is backed by two private investors with experience in technology and real estate, through an investment worth EUR250,000. The funds obtained will be used for expansion into the markets in Poland, Hungary, the Czech Republic, Spain, UK, for product development, marketing and sales.
For 2022, the company’s management targets a turnover of EUR650,000, ten times higher than the 2021 level, against the backdrop of increased interest in the PropTech field, I particular in countries in Western Europe. In parallel, over the next two years, the company targets a new financing round of over EUR2 million from a private investment fund in the UK and to enter this market.
Sigtree Technologies was founded in 2018 by Vlad Costea, with an experience of 14 years in the field of IT & Telecom, of which the last eight years within multinational company Ericsson. The start-up quickly attracted other two former colleagues from Ericsson, Octavian Cazanciu and Razvan Dumitru, who joined as founders, boasting over ten years of experience in the IT sector.