Tech Company Financing Transactions
Transmetrics Funding Round
Transmetrics, based in Sofia, received $2.7 million from European Innovation Council Fund and Impetus Capital.
Transaction Overview
Company Name
Announced On
3/1/2023
Transaction Type
Venture Equity
Amount
$2,663,000
Round
Undisclosed
Investors
European Innovation Council Fund (Lead Investor)
Proceeds Purpose
The company intends to use the funds to continue to invest in its tech platform and expand into new markets.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
33 Shar Planina Street Vazrajdane District
Sofia, 1303
Bulgaria
Sofia, 1303
Bulgaria
Phone
Website
Email Address
Overview
Transmetrics optimizes transport planning by leveraging the power of machine learning and predictive analytics. Transmetrics combines the strengths of humans and artificial intelligence, ensuring the highest operational benefits and reducing the environmental impact of logistics. We've developed a unique approach for analyzing, modeling, and predicting various transport flows with very high accuracy.
Management Team
Title
Name
Email & Social
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Our team works diligently to document every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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