Starschema, Hungary’s leading big data company, has secured a $5 million capital injection from the PortfoLion Regional Private Equity Fund, owned by OTP and Eximbank. The company intends to use the investment to solidify its position as a market leader in the region.
The $5 million investment (approximately HUF 1.3 billion) provided by PortfoLion’s regional fund will primarily be used to scale Starschema’s business operations and fuel international expansion, with a specific focus on strengthening its presence in North America.
“We want to intensify our overseas presence on both the East and West Coasts of the United States. In the near future, we aim to establish the necessary personnel and infrastructural conditions for this, and we were looking for business partners to support this vision,” said Tamás Földi, CEO of Starschema, regarding the investment.
Starschema already counts the world’s leading tech giants among its clients. Approximately 70 percent of the company’s orders come from overseas, mainly from Fortune 500 corporations. Its prestigious client list includes giants such as Apple, Walt Disney, Tesla, and Pepsi, as well as Facebook and the world’s largest streaming provider, Netflix.
For Facebook, the Budapest-based company’s algorithms have been monitoring data visualization servers for some time. Meanwhile, Netflix utilizes the expertise of Hungarian specialists to access critical real-time metrics, such as viewership data, series aging, and retention rates.
Starschema’s strategy remains focused on expanding collaborations with both global tech giants and high-growth “scale-up” companies.
“We have been geared for continuous and intensive growth over the past 5-6 years, and we don’t expect a significant change in that regard. We certainly want to maintain our current pace of hiring; we are on the right track this year with 42 open positions. However, growth isn’t everything. We want to preserve our relaxed, flexible corporate culture typical of garage startups, as this provides the creative freedom our developers need,” shared Péter Csillag, co-founder of Starschema.
