Serbian-American IT services, consulting and software company HTEC Group has secured $140 million of funding from investment firm Brighton Park Capital. This is among the largest initial funding rounds recorded in Europe during the last year.
The investment will be used to accelerate global expansion, in particular organic growth and acquisitions in new markets.
The main idea of the company is to merge the best of what Southeast Europe has, and that is sophisticated engineering, with product design in the United States and Great Britain.
HTEC Group, founded in 2008 in Belgrade, is one of the fastest-growing digital services companies in Europe, posting 100% annual growth. It currently employs over 1,000 people with 70 new jobs being created monthly. Five years ago, its headquarters were moved to San Francisco.
