STRT Holding, made up of leading domestic businessmen, develops Hungarian and regional startups into global market players

And start-ups without sufficient capital, knowledge, experience, partnerships and market knowledge have a hard time kicking the ball in the strong global competition. The STRT (pronounced: start) Holding, which was introduced today, was created to change this situation. They want to create a new entrepreneurial standard so that startups founded in the country and in the region become successful at a much higher rate than today, and through them the ability of local and regional economies and societies to retain and create value can be strengthened. The investment company started under the leadership of Péter “Petya” Balogh wants to operate as an investor in a thousand startups within ten years, and to increase the value of the holding to one billion euros in fifteen years.

“Together with my colleagues who founded STRT, we have long been active participants in the development of the domestic startup ecosystem from various positions. We have seen its challenges and difficulties for a long time. Our founders have incubated and helped more than 140 startups in different formations, and we are now ready to launch our own investor and knowledge transfer center based on their experience. We will certainly be different from other investors in three areas. On the one hand, we not only give money, but also a comprehensive knowledge program. On the other hand, we are patient with the businesses that work with us. We don’t push them to sell their company early, but support them in growing as long as possible. Thirdly, we invest on significantly more flexible and entrepreneur-friendly terms than usual in Hungary, thanks to the fact that we provide companies with private capital. Instead of control, we focus on being as useful as possible for them”

– said Péter Balogh, managing director of STRT Holding.