752 Bulgarians With Ownership in 5 of the Fastest-Growing Companies in the World

5'000'000 BGN invested in Webit’s winners. 10 million more available for the winners of the Winter Season of Founders Games 2022.

The companies in which the investors of Webit Investment Network (stock ticker WIN1) will acquire ownership are clear.

Over 75,000 attendees took part in the four-day hybrid edition of Webit Impact Forum (www.webit.org) on June 28-July 1. The event also featured the Finals of Webit’s Founders Games (www.foundersgames.org) one of the world's largest growth challenges supporting exponential innovations for a resilient and sustainable future.

...and the Founders Games winners are:

- CAKE 0 emission the Swedish electric bike company was part of the Mobility & Urban Tech vertical. CAKE 0 Emission aims to contribute to a zero emission society with technology that has been compared to that of Volvo in regards to safety and sustainability. To date, the company has attracted a total of €68 million in investment.

- EcoTree is a Danish company - part of Cleantech & Smart Energy - that offers a high quality, certified carbon removal solution that pays for itself and builds biodiversity and sustainable forestry.

To date, EcoTree has raised a total of €12 million investments and doubles its revenue every coming year since foundation: $1.5 million in revenue for 2019, $3.9 million for 2020, and $7.7 million in revenue for 2021.

- 360VUZ brings an exotic twist coming from the UАЕ. The company owns the largest 360-degree video content library worldwide and is building a hyper-connected product to teleport, empower and entertain its users by capturing and delivering live and on-demand 360° video content and interactive experiences for sporting events, celebrity appearances, concerts and more. 360VUZ has generated revenue of over $3M for 2021, which is expected to grow to over $8M for 2022.

- WechselGott GmbH is a German FinTech company which offers a platform for automatic collection of customer insurance and energy contracts and processing through various APIs.

КThey have signed contracts with some of the largest banks in Austria and Germany, and express ambitions to expand across Europe with a $6.6M raised in funding so far.

- Alver World SA is a Swiss company that produces proteins from the Golden, Diamond and Ruby Chlorella microalgae. They are naturally neutral in taste and smell, which makes them easy to include in everyday foods.

Alver has a patent for the most sustainable way to produce protein from algae, which also serves as a binding agent in the production of healthy foods. The company has raised $6M in investor capital to date and announced the closing of an upcoming round in the next month.

The winners in the fifth and final round were selected by an all-star jury chaired by Tim Draper (venture capitalist and founder of the Draper Venture Network), Gilad Novik (former Partner at Lakestar, among the first investors in Facebook, Spotify), Dr. Alexander 'Sasha' Galitsky (Founder & MP of Almaz Capital), Dr. Risto Siilasmaa, (Founder of F-secure & Chairman of Nokia 2012-2020), Ajay Ramachandran (Founding Partner of ifMagic VC), as well as Dr. Plamen Russev (www.russev.com) - investor and founder of Webit and WIN.

“The selection is extremely diverse in terms of geography, and represents a variety of industries: food, mobility, finance, sustainable technology, green planet, media and entertainment. The winners come from countries with very good indicators and a number of already successfully established billion-dollar companies (unicorns). We could not have asked for a better selection and distribution.” commented Dr. Plamen Russev right after the spectacular Founders Games ceremony. “The fact that Tim Draper spent 2 hours with us and clearly stated the high level of the companies is a clear signal of the great work and potential of our investments,” he continued.

Each of the winning companies received an investment award of €500,000, with the opportunity to increase the investment up to €1 million per company after the upcoming meeting of the WIN Board of Directors.

Webit’s Founders Games have created the FG6 Index as an indicator that finalists from the past 6 years of the competition have increased their capital 6.9 times after winning at the Founders Games. Some of the most successful representatives from previous editions are WeFarm, Lightyear, TestCard, some of which have increased their ratings and value by more than 10 times.

Investors in one of the most successful Bulgarian Stock Exchange IPOs - WIN (Webit Investment Network) - will very soon acquire ownership in the 5 finalists. Webit and the global community of investors and leaders will further collaborate for their future success, to create value for the investors and a better, more sustainable future.

„It’s been the most competitive of all 12 annual Founders Games competitions so far. Over 3200 companies from around the world applied and over 250 investors scored them in 5 rounds. Founders Games is continuously growing its global footprint year after year and so is the award. This year we have announced $6M and we plan to grow it to $10M by the end of 2022. We will continue to grow the award even further - establishing Founders Games as the world's biggest competition for innovations and sustainability solutions in history.
“Creating a sustainable future is a huge (and only) opportunity for human kind, and Webit and Founders Games are among the most active communities globally to foster innovation and the fulfillment of this goal,” commented Dr. Plamen Russev, founder and Executive Chairman of Webit Foundation.

The application window for the winter season of Founders Games 2022 is now open at www.foundersgames.org. You may apply with your startup or recommend a great fast-growing company to apply by 1 October 2022.

About Webit.Foundation (www.webit.org):

In 2022 Webit celebrates 15 years of building and growing a global community of change makers, innovators and digerati from all around the world. The Webit festivals are famous for bringing over 15,000 curated and selected attendees from over 190 countries, as well as hosting visionary leadership discussions on a broad range of topics shaping а desirable, sustainable, and resilient future.

About Founders Games (www.foundersgames.org):

12 years ago, Dr. Plamen Russev created Founders Games, aiming to develop entrepreneurship and innovation in Bulgaria and the world. 12 years later, the competition is the biggest in the world with an award of $10 million in 2022 - the biggest in history!

The collective intelligence of over 200 investors evaluates the participating fast-growing companies from around the world in 5 rounds, making the competition one of the most contested in the world.

Founders Games is Webit.Festival's growth program available to companies with $500K - $20M in funding. This is a special invitation-only program with a focus on high-growth, high-potential companies.

More than 200 investors - VCs, business angels, family offices, and dozens of corporate partners from major companies around the world - join the jury and the selection process of the global winners.

About WIN (Webit Investment Network - www.webit.network):

A few weeks ago, the newly established 'Webit Investment Network' had a super successful IPO (initial public offering) with over 240% oversubscription and more than 750 investors. WIN is the public finance vehicle that Webit created to democratize access to wealth and opportunity, and to bring together retail investors from around the world and from Webit's global community, turning them into impact investors by investing in Founders Games finalists. Webit and the global community of investors and leaders will continue to collaborate and care together for the future success of all finalists to create value for WIN investors and a better, sustainable future for all. WIN has the special right to invest in Founders Games finalists.

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