Chameleon Smart Home Shares Listed on BSE
Image courtesy of Budapest Stock Exchange (BÉT)
The shares of Chameleon Smart Home, a Hungarian startup that offers a brand-independent smart home system hub, were listed on the Budapest Stock Exchange's Xtend platform for SMEs last week, according to a release on the bourse's website.
The system hub is used in more than 1,000 flats and nearly 500 detached homes in Hungary.
The system is also available in Serbia, Romania, and Germany. Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested around HUF 850 million in the startup since 2020.
The company had a revenue of HUF 238 mln in 2021.
With Chameleon Smart Home, the number of listings on the Xtend platform has grown to 18.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
