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Iskon Internet

Proficio’s first venture investment became Croatia’s most prominent start-up – Iskon Internet. Within a year, our initial financial contribution enabled Iskon to increase the number of its employees, from 4 to over 200, and its customers from less than 1,000 to over 300,000. Actively coordinating with the management, Proficio organized two U.S. Government grants for Iskon and secured a second round institutional equity investment from Dresdner Kleinwort Benson. After seven years of continual growth without any debt, Iskon was sold before the market became overcrowded.