SOFIA (Bulgaria), November 23 (SeeNews) – Bulgarian cosmetics company Noesis has raised 235,000 euros ($242,356) in a funding round led by local investment firm ImPulse I [BUL:IMP]the investor said Tuesday.
As part of the round, ImPulse I injected €100,000 into the startup through its ImVenture II fund, ImPulse I said in a filing Tuesday. The investment was made in the form of a convertible loan.
Other participants in the funding round were New Vision Fund 3 and CEO Angels Club.
Founded in 2020, Noesis is an export-oriented cosmetics company with its own factory in the Bulgarian city of Plovdiv. It develops and manufactures product ranges based on innovative formulations.
ImPulse I recently also participated in the capital increase of the Bulgarian company ReBeneFit, investing 307,000 euros in the cloud-based benefits management platform. In total, ReBeneFit collected 1.167 million euros when the cap was raised.
ImPulse I has invested in a number of companies listed on the Bulgarian Stock Exchange, including Telelink Business Services Group [BUL:TBS]Fast [BUL:SPDY]interactive telematics Bulgaria [BUL:TIB] and Smart Organic [BUL:SO] among others. Through its ImVenture I and ImVenture II funds, the company invests in unlisted start-ups and more developed companies.
($1 = 0.9695 euros)