Bulgaria's Eleven Capital to provide loan to Sensika Technologies
SOFIA (Bulgaria), April 8 (SeeNews) - Bulgarian venture capital firm Eleven Capital [BUL:11C] said that it has decided to provide further loan financing of 50,000 euro ($59,000) to media monitoring and data analytics startup Sensika Technologies, in which it owns a minority stake.
The funds will be used to support Sensika Technologies' business plan, Eleven Capital said in a stock exchange filing on Wednesday.
Eleven Capital owns 19.45% interest in Sensika Technologies, according to registry agency data.
Last year, Eleven Capital raised 2.1 million levs in an initial public offering (IPO) on the Bulgarian Stock Exchange, which will be used mostly for follow-on investments in its existing portfolio. Eleven Capital, established in January 2019, is the owner of the portfolio of local venture capital fund Eleven.
($ = 0.8420 euro)
Feature Image: Photo: Sensika Technologies / All rights reserved.