BlackPeak Capital

BlackPeak Capital is a private equity and venture capital firm based in Sofia, Bulgaria, with additional offices in Bucharest, Ljubljana, and Vienna. Founded in 2014, the firm specializes in early to mid-stage investments, focusing on small and medium-sized enterprises in Southeast Europe, particularly in Romania, Bulgaria, Slovenia, Croatia, and Serbia. BlackPeak Capital invests in various sectors, including niche manufacturing, fast-moving consumer goods, information technology, industrials, and healthcare, while avoiding industries such as gambling, logging, and real estate. The firm typically invests between €4 million and €10 million per transaction, seeking significant minority or majority stakes. It also engages in follow-on equity and debt raising, co-invests with other investors, and aims to exit investments through trade sales or IPOs. Funded in part by the European Investment Fund through the JEREMIE initiative, BlackPeak Capital supports high-growth regional companies by providing equity, mezzanine, and hybrid capital.

Ivailo Gospodinov

Managing Partner

Rossen Ivanov

Managing Partner

Kiril Ivanov

Investment Manager

Angel Stefanov

Partner & Founding Team Member

Past deals in Bulgaria

Software Group

Convertible Note in 2018
Software Group is a global technology company specialized in digital banking and integration solutions for the financial sector. The company serves a worldwide client base from nine main offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, Philippines and the USA. All offices employ an experienced team of professionals, with an outstanding track record of handling complex financial development projects. Software Group prides itself on delivering products and services which adhere to the principles of quality, transparency and affordability. Software Group provides solutions to a range of players in the financial sector but focuses particularly on working with microfinance institutions (MFIs), savings groups, credit unions, banks, telcos and fintech companies.

Software Group

Series B in 2018
Software Group is a global technology company specialized in digital banking and integration solutions for the financial sector. The company serves a worldwide client base from nine main offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, Philippines and the USA. All offices employ an experienced team of professionals, with an outstanding track record of handling complex financial development projects. Software Group prides itself on delivering products and services which adhere to the principles of quality, transparency and affordability. Software Group provides solutions to a range of players in the financial sector but focuses particularly on working with microfinance institutions (MFIs), savings groups, credit unions, banks, telcos and fintech companies.

Astral Holidays

Private Equity Round in 2016
ASTRAL Holidays is currently the Bulgarian tour operator. The company is the exclusive partner of Thomas Cook for the Bulgarian market since 2013, a partnership which services close to 200,000 incoming tourist annually. Astral is also an exclusive partner for BCD travel, the second largest player globally in the travel industry, covering 110 countries and employing more than 11,000 professionals.

Software Group

Series A in 2016
Software Group is a global technology company specialized in digital banking and integration solutions for the financial sector. The company serves a worldwide client base from nine main offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, Philippines and the USA. All offices employ an experienced team of professionals, with an outstanding track record of handling complex financial development projects. Software Group prides itself on delivering products and services which adhere to the principles of quality, transparency and affordability. Software Group provides solutions to a range of players in the financial sector but focuses particularly on working with microfinance institutions (MFIs), savings groups, credit unions, banks, telcos and fintech companies.

Bulpros Consulting

Private Equity Round in 2015
BulPros is a company which provides customized solutions with a focus on IT and Business Process Outsourcing (BPO) consulting, Software development, System integration, Technical and customer support. Our company comprises of dedicated professionals, who have gone a long way together as a team, united by the idea to create, achieve and exceed customer expectations. We strongly believe that people are the real value in our business.

Humanita

Venture Round in 2015
Humanita is in the business of collecting, sorting and recycling of clothing and textile materials for over 25 years. Their goal is to collect used clothing and textile and to give them a new life in the economy cycle.

Walltopia

Private Equity Round in 2015
Walltopia is the World leader in climbing wall design and manufacturing. Walltopia (www.walltopia.com) is the world’s leading climbing walls manufacturer (www.walltopia.com). To-date, the company has completed more than 1,300 projects in 50 countries. Walltopia's climbing gyms have transformed the climbing industry making indoor climbing more accessible, safe, and enjoyable. Since 2012, Walltopia has expanded its portfolio of products and services towards the amusement and entertainment industry and has started offerring complete solutions for family entertainment centers, shopping malls, and adventure parks. Walltopia’s latest concepts such as Funtopia, Rollglider, Rocktopia have already been installed globally. Walltopia’s full range of innovative active entertainment products is available at http://walltopia.com/downloads.

GGE Bulgaria OOD

Private Equity Round in 2015
GGE Bulgaria OOD is a company focused on providing energy efficiency solutions in Bulgaria and the region. GGE Bulgaria OOD is the Bulgarian subsiduary of GGE d.o.o., a Slovenian company orignaly established by the Gorenje Group and Energetika Ljubljana. The Company is run by a team with significant experience throughout the region in implementing custom energy efficiency solutions for a diversified client base including hotels, industrials, hospitals, municipalities, shopping malls, and others. GGE’s unique proposition stems from its professional service and ability to invest in energy-efficiency assets on its own balance sheet. This provides clients with the ability to repay the initial capex investment over a 5-10 year period only with the savings from the reduced energy bills. The investment will enable GGE Bulgaria to establish a portfolio of ESCO contracts in the country.

International Power Supply

Private Equity Round in 2015
International Power Supply Ltd, based in Sofia, Bulgaria, specializes in the marketing, advertising, and sale of power supply systems across various sectors, including telecommunications, defense, and renewable energy. The company offers a comprehensive range of products such as DC power systems, rectifiers, UPS systems, solar inverters, and frequency converters. Notably, its flagship product, Exeron, is recognized as the world's first modular off-grid power management solution, awarded for its innovative design and functionality. Exeron efficiently integrates energy from multiple sources, including solar and wind, while providing extensive battery storage capabilities. In addition to manufacturing, International Power Supply Ltd offers services such as technical maintenance, system design and installation, consulting, and training. The company serves clients in over 34 countries and has established a strategic partnership with METKA. Incorporated in 1989, it operates as a subsidiary of 2C-Trifonov & Co GP.

Rigana

Private Equity Round in 2015
Rigana is one of the preferred suppliers to the Bulgarian meat processing industry of flavoring mixtures, spices and other combination products. Products are developed in an in-house laboratory by a team of experienced professionals, which apply innovative approach to new recipes development and experiment with new compositions, improved combinations of spices and additives in accordance with the latest global trends. The company has an extensive line in excess of 50 products spread over 7 categories and services a multitude of local and regional clients.