Sofia-based DEV.BG announces €200K investment to expand its IT community in Bulgaria
Summary
Bulgarian startup DEV.BG, one of the largest IT communities in Bulgaria, has announced raising €200K investment from a private company, which brings the company’s total valuation to €2 million. DEV.BG, founded in 2017 by Ivaylo Hristov, Svetoslav Dimov and Mitko Vasilev, is a well-known IT events organizer. The online platform has organised more than 500 successful monthly meetups, and works with more than 300 well-known IT companies including Uber, Experian, Paysafe, SAP, Epam, DataArt, among many others. The main source of revenue for the company continues to be events, but according to the founders, this will change next year. The startup will still work on events, but the new investment will speed up the possibility of launching new projects that relate to the company’s vision and mission to contribute to, and support, the growing Bulgarian IT community.