Impulse Growth, a prominent investment firm based in Bulgaria, has recently made a significant investment of 400,000 euros (equivalent to $427,522) in a local file data services company, Tiger Technology. This substantial financial backing is part of Tiger Technology’s funding round of nearly 2 million euros, which also involved angel investors.
The infusion of funds, provided in the form of a convertible loan, reflects Impulse Growth’s confidence in Tiger Technology’s potential for growth and innovation.
Tiger Technology is renowned for its expertise in data management and storage solutions, particularly in the optimization of data storage infrastructures across various industries such as media and entertainment, video surveillance, healthcare, and corporate IT. The company’s advanced solutions enable scalable local, hybrid, and cloud workflows, ultimately enhancing data protection, business process continuity, and cost efficiency.
The investment from Impulse Growth will be allocated towards supporting Tiger Technology’s research and development initiatives, as well as attracting new clients for its Series A financing round.
ImVenture III, the fund through which Impulse Growth executed the investment, was established in 2024 and is managed by Impulse’s parent company, Impetus Capital. The fund focuses on investing in small and medium-sized enterprises in Bulgaria, Romania, Greece, and other foreign markets, with ties to the region and the diaspora. Impulse Growth holds a direct stake of 8.25% in the fund, highlighting its dedication to nurturing and supporting local and regional businesses.
Following this significant development, the shares in Impulse Growth remained unchanged at 1.56 levs ($0.85/0.80 euro) on the BEAM growth market of the Bulgarian Stock Exchange as of 1547 CEST on Monday.
This investment serves as a testament to Impulse Growth’s commitment to fostering entrepreneurship and driving economic growth in Bulgaria and the broader region. By providing crucial financial support and strategic guidance to innovative and forward-thinking companies like Tiger Technology, Impulse Growth continues to play a pivotal role in shaping the future of the business landscape in Bulgaria and beyond.