The Széchenyi Venture Capital Fund invested 90 million HUF in XOFT Kft. to support the development and market expansion of its Minibizz software for retail and hospitality sectors.
Target Company Overview
The Széchenyi Venture Capital Fund has invested 90 million HUF in XOFT Kft., a company specializing in the development of software solutions for retail and hospitality businesses. Based in Pécs, Hungary, XOFT is actively marketing three existing products and aims to expand its offerings with its latest innovation, a comprehensive management system tailored for the retail and hospitality sectors.
The venture capital will support the launch and dissemination of Minibizz, a system designed to enhance the operational capabilities of retail and hospitality enterprises. The company intends to utilize these funds for sales and marketing initiatives, as well as for expanding its workforce.
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Industry Overview in Hungary
The retail and hospitality industries in Hungary have been experiencing steady growth, influenced by increasing consumer spending and a shift towards digitization. As of
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Disclosed details
Transaction Size: $0M