The US software and IT developer Cisco Systems and the CEE private investment fund 3TS Capital Partners announced the start of their venture capital fund 3TS-Cisco Growth Fund III in the country. The fund would allocate EUR 30mn in fast developing small and medium sized ICT, technological or media enterprises. Each company may receive EUR 2mn to EUR 4mn for a period from 3 to 7 years. 3TS-Cisco Growth Fund III is headquartered in Bucharest .
Source: Intellinews-Bulgaria Today