State invested into Hopin and Virtual Reality Media
Eurowag, an integrated mobility provider, acquired a 70% stake in Sygic, a navigation software firm, in April. The state-controlled Eterus Capital (previously Slovak Growth Capital Fund) sold its stake, too. It has already put proceeds into two other Slovak firms—taxi hailing app Hopin (40% stake) and Virtual Reality Media (Július Berith), maker of flight simulators for planes and helicopters. VRM plans expansion to China, United Arab Emirates and USA.
Eterus Capital is administered by Wood & Company. It has invested into ten firms, including those from Wood & Co’s portfolio, namely Saneca and Chirana T. Injecta.