Source: B92 | Wednesday, 26.01.2022.| 09:04
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HTEC Group Signs Partnership with American Investment Fund Brighton Park Capital for Investment of USD 140 Million

HTEC Group, which has recently announced the acquisition of the American company Momentum Design Lab, has established a partnership with the American investment fund Brighton Park Capital for a minority investment of USD 140 million.

– What we’ve achieved is to get a partner which will enable a strategic cooperation in the global market. It is a fund which invests exclusively in technological companies and this is one of the biggest investment rounds in Europe – the company’s representative, Miroslav Virijevic, said at yesterday’s conference.

Foreign media have already reported that the company has secured these funds in order to accelerate its global expansion.

– Brighton Park's investment, which is seen to be among the largest initial funding rounds recorded in Europe in 2021, will enable us to accelerate organic growth and acquisitions in new markets – HTEC Group CEO Aleksandar Cabrilo told Reuters in an interview.

HTEC Group is a consulting, software engineering and digital product development company, founded in Belgrade, with the seat in San Francisco. They started as a startup within the Business Technological Incubator of the Technical Faculties of the University of Belgrade and subsequently achieved incredible results.

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