eMAG launches the eMAG Ventures investment program for technology companies that bring innovations in products and services addressed directly or indirectly to end customers. In addition to funding, eMAG will provide selected companies with the know-how gained in over 19 years of experience in the most dynamic tech sector of the moment, stimulating the digital economy, according to Business-Review.eu.
Thus, the selected businesses will benefit from the expertise in business acceleration and international expansion, acquired through the developing of major projects, such as eMAG Marketplace, and companies that have grown rapidly in recent years such as Sameday, Conversion, Fashion Days, Tazz by eMAG or Zitec.
“In the entrepreneurial environment in Romania there are many technology projects with great potential, which can be developed with financing and know-how. Through eMAG Ventures we want to create real added value and contribute to a rapid scaling of businesses, thus producing a visible impact in the digital economy. We are talking about acceleration investments, intended for those companies that can rapidly grow with the help of technology, able to become the future unicorns. We want to finance companies with ambition and vision, which will contribute to the growth of the entrepreneurial ecosystem in Romania”, said Bogdan Axinia, Managing Director of eMAG Ventures.
One of the defining conditions for eligibility in eMAG Ventures is the use of technology in the development of products and services for the end customer, either directly (B2C) or indirectly (B2B2C). The program is dedicated to companies that already have a functional business model and can demonstrate that they have the maturity to generate a relevant change in the markets in which they operate.
In this context, the passion and vision of entrepreneurs and the team around them will be of particular importance, as they will continue to be part of the companies and develop them.
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