Tiger Technology Raises BGN 4.5 M in Funding

- Blog

Tiger Technology, a cloud technology provider of high-performance, secure, data management solutions, has officially raised a BGN 4.5 M in funding with the support of Endeavor Bulgaria. The funding round is led by local angel investors, including Lyubomir Minchev (Board member at Endeavor Bulgaria and Founder of Telelink Group), Dimitar Rachev and others. The deal was consulted by Transacta.

Founded by serial entrepreneur Alexander Lefterov, Tiger Technology will be using its fresh funding to drive growth through its new flagship product in the cloud storage space – Tiger Bridge. In a world where migration to the cloud becomes a necessity, Tiger Bridge allows businesses to use the so-called hybrid cloud storage, essentially allowing for the security and speed of local storage to be combined with the scalability and resilience of cloud storage.

Tiger Technology was founded in 2004 and quickly became a staple in the Media and Entertainment industry with its storage and collaboration software solutions. Its new product, Tiger Bridge, was launched in 2017 and is set to take the cloud storage gateway market by storm. In 2018, Alexander Lefterov was selected as an Endeavor Entrepreneur at the 80th International Selection Panel in Milan, Italy.

“ We are excited to take this next step in the development of Tiger Technology which will allow us to grow even faster and invest in growing the sales of our new flagship product – Tiger Bridge. Over the last year, Endeavor has been key for us both in the process of fundraising and the overall business development of the company. “ – said Alexander Lefterov.