Bulgarian B2B SaaS company URBO Studio raises €1.2M

Sofia-based URBO Studio, that digitizes service businesses, has raised €1.2 million from Capital Investments VC. The investment will help them to expand into new markets across the CEE and the Middle East, The Recursive informed.

• URBO Studio is a software company that provides technological solutions for booking, management, online and offline sales of services in the creative and recreational sectors. The company services festivals, attractions, municipalities, hotels, resorts and activity providers in Bulgaria and the region.
• URBO Studio offers a number of software tools for marketing and alternative channels sales, such as Viber Business Messaging, Viber ChatBot, SMS API, integration with email clients and social networks, a wide range of payment and credit providers. The company also collaborates with government entities through B2G partnerships to enhance public services in the tourism industry.
• The lead investor is Capital Investments VC, a part of the Bulgarian Development Bank. Its’ investment strategy is supporting Bulgarian companies with strong growth prospects. The investment in URBO Studio is the fund’s eight one.
• The fresh round will accelerate company’s expansion into new markets will further transform the experience economy by enabling businesses to optimize their operations and engage with customers in a digital-first manner.