Sofia Angels Ventures – New Investment Press Release
Sofia Angels Ventures (SAV), a €13M venture fund backed up by EIF for angel and private co-investment, headquartered in Sofia, is proud to announce its latest investment – Ethermind. Our investment is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
Ethermind has secured more than half a million euro to develop and empower organizations with innovative tools for continuous learning and operational efficiency. The funding round, led by Sofia Angels Ventures with participation from private investors, will accelerate further the development of Ethermind Copilot. This investment will enable Ethermind to scale its solutions, improve learning experiences, and reinforce its position as a leader in AI-driven training technologies.
“Our mission is to enhance professional growth and operational efficiency,” said Theodor Panayotov, Founder and CEO of Ethermind. “This funding will allow us to scale our solutions, making personalized education accessible across all sectors, from corporate environments to educational institutions.”
Upskilling and reskilling offers clear benefits but can be challenging due to high costs, inefficiencies, and a lack of customization. Ethermind’s technology overcomes these obstacles by providing scalable and customizable solutions, perfectly suited for various industries and business sizes.
“We are thrilled to lead the funding round for Ethermind. Their commitment to AI-driven upskilling aligns perfectly with our vision for transformative technologies and enhancing knowledge. We believe Ethermind’s Copilot will revolutionize professional development, and we’re excited to support their growth. It is also a great success that in addition to SAV, there are 5 prominent angel investors from across Europe that trusted the founder and invested in Ethermind together with us.” said Bistra Kirova, Managing Partner at Sofia Angels Ventures.
Ethermind’s Copilot provides immediate access to knowledge, reducing onboarding, compliance training, and upskilling costs. With a focus on data security and comprehensive reporting, Ethermind helps organizations achieve their training goals and maintain a competitive edge.
July 2024
Sofia
