Rahim Blak, who will serve as chairman of the company's supervisory board, announced that edrone has raised $5.3 million from the Hungarian fund VCedrone, a provider of CRM systems for the e-commerce industry, among other things, has raised $5.3 million in funding in the first investment round. These are funds raised from PortfoLion of Hungary ($2.5 million) and from a grant to build a voice assistant ($2.8 million).
All money will be used for research, international expansion and recruitment of more than 100 new employees in the next six months.
Adding to this the company's revenues, edrone will allocate more than 35 million zlotys for development.
This is the first external investment in edrone after four years of bootstrapping (building a company based on private resources).
Attracting an important investor
The banking group that invested in edron will provide a stable financial base, facilitating international expansion. OTP Group (to which PortfoLion belongs) manages funds with a total asset value of 130 million euros.
Felippe Pereiry COO of the Brazilian Edrone branch from South America is the ideal place to develop eCommerce companies. Brazil alone has recently recorded 130% growth in this sector.