Source: Startit | Sunday, 14.02.2016.| 13:59
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Vast obtains USD 14 million investment - Thirty new jobs in Belgrade

(Photo: isak55/shutterstock.com)
Vast, a U.S. company whose two founders are from Serbia, has obtained additional USD 14 million from Capital One Growth Ventures for the new investment round, which will also significantly affect its Belgrade office that employs 140 people.

This company, which analyzes data for the automotive and real estate markets, was established in 2005 by a group that included two people from Serbia who later left the company.

Vast creates search tools to help people in doing big purchases. Aside from providing its data and processing services for various websites in this industry, Vast also has its own platform that is directly focused on users — CarStory, which is expected to attract most of the money mentioned above.

This investment will also bring about certain changes for the Belgrade office as its team will soon move to a bigger office in the city center and expand to include 30 new workers by the year's end (from current 140 to 170), switching the focus from business users to private users.
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