Romanian startup Blugento raises €1 million to scale its e-commerce solutions internationally | EU-Startups
Summary
Founded in 2016, the startup has just raised an investment of €1 million from the Polish group R22 to boost international expansion, invest in new e-commerce products, and grow its business support services for established offline business owners that are looking to add an online revenue stream. The company’s development plan includes upgrading its e-commerce solutions with the latest state-of-the-art technologies such as Magento 2, Progressive Web APP, Serverless and Kubernetes. This represents the highest growth in Europe for the second consecutive year, demonstrating the huge potential for developing online stores in the country. “The partnership with the R22 Group will help us reach our development goals, create the best e-commerce solution for small and medium-sized businesses and expand ourselves internationally,” said Sandu Băbăşan, CEO of Blugento. “The support from R22 includes not only development funding, but also access to know-how and a base of more than 250,000 Group customers, we are on a mission to hit a 0.2 seconds load time and support 1000+ online shops in Romania.” Blugento plans to expand its team with technology and business specialists in e-commerce, and reach 35 employees by the end of the year.