A Hungarian company is part of the world’s greatest investment programme

According to forbes.hu, the world’s best-known incubator and investor, Y Combinator recently published the list of companies for their actual semester. Startups that take part in their programmes belong to the absolute forefront of the world and this year, a Hungarian team, Bitrise, is among them for the first time.

The world’s most successful investor company, Y Combinator launches two, three-month-long incubator programmes every year for the most promising startups of the technological sector. The chosen startups move to the Silicon Valley, receive investment, and unmatched professional help, relations. The programme is ended by a Demo Day, where startups can present their products to the world’s coolest venture capitals investors.

Since its foundation, the incubator has invested in almost 1500 companies, whose joint assessment reaches 80 billion dollars. This includes 10 unicorns, in other words companies with an assessment that exceeds 1 billion dollars, like Dropbox, Airbnb, Reddit or Stripe. It’s by no accident that the tech world’s venture capital investors keep track of the development of new teams arising from Y Combinator and that the majority of them finish the programme with term sheets of new investments.

So this is a huge opportunity for the team of Bitrise. The company, founded in 2014, is developing a software, which facilitates and makes the life of mobile application developers more efficient, meaning that it saves money, time and resource for technological enterprises and developers themselves.