Fly The Earth

30.05.2024 The Capital Investments Fund Will Develop the Innovative Company Fly The Earth

The subsidiary of the Bulgarian Development Bank is investing in the popular company that creates paragliding accessories

The Bulgarian company Fly The Earth (FTE) will expand its operations in the European and global market for paragliding accessories with the support of the Capital Investments Fund (CIF) from the Bulgarian Development Bank Group. The fund is investing 400,000 euros to accelerate the growth and technological development of the company, which was established six years ago by Bulgaria’s top paraglider Veselin Ovcharov and the software specialist Hristo Peev. Fly The Earth manufactures innovative equipment for professional athletes, enthusiasts, and fans of aerial sports.

Veselin Ovcharov is a world record holder in infinity tumbling (highest number of consecutive flips in the air), and his popularity has helped FTE’s products become established in the paragliding community. These products are already actively used by the most renowned names in this sport. Among the partners of the Bulgarian brand is the greatest legend in paragliding, Spaniard Raul Rodriguez.

FTE's most famous innovation is a modern seat for practicing acrobatic and freestyle paragliding, providing an incredible flying experience. To meet the needs of extreme athletes and safety requirements, the team focuses on high-tech developments such as the world’s first 3-Ring Cutaway BASE system, improved deployment of the rescue parachute, the world’s first active save system, anti-autorotation system, special clothing, and more.

Through its financial support and expertise, the Capital Investments Fund (CIF) will help unlock the full potential and market expansion of Fly The Earth. This is the Fund’s ninth deal, providing equity capital for the growth of small and medium-sized enterprises in Bulgaria, and it already has an impressive portfolio of successful companies.

I agree

Strictly necessary cookies

Name

Source

Target

Period

csrftoken

bbr.bg

This cookie is associated with the Django web development platform for python. It is used to help protect the website against cross-site request forgery attacks.

1 year

Functional cookies

Name

Source

Target

Period

yt-remote-device-id

youtube.com

YouTube sets this cookie to store the video preferences of the user using an embedded YouTube video.

session

ytidb::LAST_RESULT_ENTRY_KEY

youtube.com

The ytidb::LAST_RESULT_ENTRY_KEY cookie is used by YouTube to store the last search result entry that the user clicked on. This information is used to improve the user experience by providing more relevant search results in the future.

session

yt-player-headers-readable

youtube.com

The yt-player-headers-readable cookie is used by YouTube to store user preferences related to video playback and interface, improving the user's viewing experience.

session

yt-remote-connected-devices

youtube.com

YouTube sets this cookie to store the video preferences of the user using an embedded YouTube video.

session

yt-remote-session-app

youtube.com

The yt-remote-session-app cookie is used by YouTube to store user preferences and information about the YouTube embedded video player interface.

session

yt-remote-cast-installed

youtube.com

The yt-remote-session-name cookie is used by YouTube to store the user's video player preferences using an embedded YouTube video.

session

yt-remote-fast-check-period

youtube.com

The yt-remote-fast-check-period cookie is used by YouTube to store the user's video player preferences for embedded YouTube videos.

session

yt-remote-device-id

youtube.com

YouTube sets this cookie to store the video preferences of the user using an embedded YouTube video.

session

Targeting cookies

Name

Source

Target

Period

_fbp

.bbr.bg

Facebook sets this cookie to store and track interactions.

3 months

_ga_*

.bbr.bg

Google Analytics sets this cookie to store and count page views.

1 year 1 month 4 days

_ga

.bbr.bg

The _ga cookie installed by Google Analytics calculates visitor, session and campaign data and also monitors site usage for the site analytics report. The cookie stores information anonymously and assigns a randomly generated identification number to unique visitors.

1 year 1 month 4 days

_gid

.bbr.bg

Installed by Google Analytics, the _gid cookie stores information about how visitors use a website while creating an analytical report on website performance. Some of the data that is collected includes the number of visitors, their source and the pages they visit anonymously.

1 day

_gat_gtag_UA_

.bbr.bg

Google Analytics sets this cookie to store a unique user ID.

1 minute

fixed-button-icon Apply fixed-button-icon Online banking
Exchange rates
Interest indices
booster imager

Business Booster