U.S. Expansion Could Be Next Step for Croatian Unicorn Infobip
- Software firm preparing for public share sale as early as 2023
- Infobip expects annual revenue to reach $1 billion next year
Silvio Kutic at the Infobip campus.
Photographer: Petar Santini/BloombergThis article is for subscribers only.
Infobip d.o.o., the Balkan region’s first billion-dollar startup, is on the prowl for a U.S. acquisition after the Croatian software developer with clients including Vodafone Group Plc, Uber Technologies Inc. and Burger King Corp. raised $200 million and saw revenue soar during the pandemic.
The firm that develops cloud communications for businesses using online applications such as WhatsApp wants to cement its position in the profitable North American market and acquaint potential investors with the company as it prepares to launch an initial public offering in New York as early as 2023, Chief Executive Officer Silvio Kutic said.