Croatian startup Bitreport has secured a 300,000 EUR investment from Purple Ventures, marking its ninth investment since the fund's launch. The fund shared the details with AIN.
About Bitreport
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Bitreport, founded in 2019 by Domagoj Rade and Marko Čačić, streamlines chain restaurant and retail store management by offering task management, digital checklists, schedules, integrated analytics, and communication tools, ensuring consistent service levels across all locations.
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The company’s product reduces unnecessary back-and-forth, speeds up information access, eliminates the need for physical visits, and automates data collection.
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The company currently operates in Croatia, Serbia, and Slovenia, with plans to expand to other European markets.
“We chose Purple Ventures because of their transparent, straightforward approach and the hands-on support they provide us every day as we scale our business,” said Marko Čačić, co-founder of Bitreport.
Investment details
The round was led by Purple Ventures, a venture capital fund established in 2019 as part of the Brno-based fintech group Purple.
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Purple Ventures focuses on companies with proprietary software solutions with global ambitions and initial revenue. It targets industries like digital health, modern energy, creator economy, and security.
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Over the next few years, the fund plans to invest over €40 million in approximately 60 early-stage companies.
“The Bitreport founders impressed us with their grit and hard work. They’ve crafted an excellent business plan and approach to managing the company. Their software standardizes quality management for businesses with multiple locations, which is a challenge many chains face, and there’s strong demand for a solution like this,” said Jan Davídek, partner at Purple Ventures.
The fresh investment will help Bitreport to develop new features and expand into other countries.
