Integral Venture Partners (Integral) has made an investment in Econic One, a technology company focused on the design and manufacturing of smart electric bicycles.
Integral’s investment is structured to come in two phases: in the first phase (already executed in the second quarter of 2022), Integral is leading an investment round in the company which includes also other local institutional and private investors; and in the second phase (expected in the next twelve to eighteen months), Integral has the option to anchor a further bigger investment round expected to attract new investors with international profile. Over these two phases, Integral is expected to emerge as one of the largest institutional shareholders in the company alongside the founders and Co-CEOs.
Integral manages institutional private equity and growth capital and is focused on investments in the countries of central and south-eastern Europe. Integral’s fund is backed by leading international institutional investors including the EIF, the EBRD, and the IFC. Integral covers its pan-regional target market out of hubs in London, Budapest, and Belgrade.
