Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology companies across Southeast Europe. Founded in 2012, the firm focuses on sectors such as fintech, health tech, e-commerce, the future of food, software tools, consumer products, sports technology, and mobility. Eleven Ventures invests primarily in pre-seed and seed stages, typically allocating between €0.025 million and €0.5 million per company, with a preference for taking minority stakes ranging from 6% to 30%. The firm conducts a three-month mentor-led acceleration program each quarter, accepting 10-15 teams, and offers office space and back-office services to support startups during this period. Additionally, accepted teams gain access to over €0.1 million in free services from technology providers. Eleven Ventures emphasizes investing in teams of two or more founders and requires portfolio companies to have a legal entity in Bulgaria and be present in Sofia during the program.

LAUNCHub Fund, established in 2012 and based in Sofia, Bulgaria, is a venture capital firm that focuses on seed and early-stage investments in digital startups throughout Southeastern Europe. With a total management capacity of €30 million, the fund primarily invests in sectors such as SaaS, enterprise software, health-tech, e-commerce, mobile, and IoT, although it is open to opportunities in other verticals as well. The typical investment size ranges from €300,000 to €700,000, with potential expansions up to €1.5 million per company. LAUNCHub Fund aims to support innovative ventures that are positioned to drive growth in the regional technology landscape.

New Vision 3 is an early-stage venture capital fund established in 2020 and based in Sofia, Bulgaria. The fund focuses on investing in innovative companies primarily in the United States and Europe, targeting sectors such as healthcare, agtech, fintech, cryptocurrency, and artificial intelligence. New Vision 3 aims to support the growth of 45 companies, providing the necessary capital and resources to foster their development and success in competitive markets.

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.

NEVEQ, or New Europe Venture Equity, is a venture capital firm established in 2006 and headquartered in Sofia, Bulgaria. The firm specializes in seed and early-stage investments, focusing on technology-driven sectors such as health, fintech, education, energy, business intelligence, travel technology, semantic technology, social media, telecommunication solutions, and data center businesses. NEVEQ aims to support companies in scaling their operations and transitioning to growth stages, with a particular interest in enterprise applications, infrastructure software, and emerging technologies across web and mobile platforms.

Speedinvest GmbH is a venture capital firm founded in 2011 and based in Vienna, Austria, specializing in early-stage investments in technology-related startups across Europe. The firm focuses on sectors such as deep tech, fintech, health, industrial tech, consumer marketplaces, software as a service, and climate tech. Speedinvest typically invests between €0.25 million and €3 million in pre-seed to Series A stages, aiming to take minority stakes of up to 20% in its portfolio companies. The firm emphasizes operational support, often taking on active roles within the companies it invests in for periods ranging from six months to a year. With additional offices in cities including San Francisco, Berlin, Paris, London, and Munich, Speedinvest seeks to leverage a global network to enhance its contributions to Europe’s startup ecosystem.

Integral Venture Partners is a private equity firm that specializes in growth capital investments, focusing on opportunities in central and southeastern Europe. Established in 2019, the firm is headquartered in London, United Kingdom, with additional offices in Budapest, Hungary, and Belgrade, Serbia. Integral Venture Partners seeks equity investments of up to EUR25 million in companies that demonstrate significant growth and value-add potential. Its core sectors of interest include technology, media, and telecommunications (TMT), healthcare, consumer goods and services, B2B services, and niche manufacturing. The firm operates independently and aims to support the development of promising businesses in its target regions.

KBC Group NV, headquartered in Brussels, is a bank-insurance group that offers integrated financial services primarily to retail clients, private banking, and small to medium-sized enterprises. The company provides a wide range of products including demand deposits, savings accounts, home and mortgage loans, consumer finance, and SME funding. Additionally, KBC Group offers various insurance products, investment fund and asset management services, cash management, payments, trade finance, and corporate finance. As of December 31, 2019, KBC operated numerous branches across Belgium, the Czech Republic, Hungary, Bulgaria, and Ireland, serving customers through various channels, including agents and electronic platforms. KBC Private Equity, a division of KBC Group, focuses on providing development capital and financing for buy-outs in Belgium and Central and Eastern Europe, managing a diverse portfolio valued at over EUR 400 million. Founded in 1935 and rebranded in 2005, KBC Group continues to emphasize a long-term commitment to its investments and clients.

The European Investment Fund (EIF) serves as the investment arm of the European Investment Bank, focusing on enhancing access to finance for small and medium-sized enterprises (SMEs) across Europe. Established in 1994, EIF specializes in venture capital and private equity investments, targeting early-stage technology companies and supporting micro, small, and medium enterprises primarily in Bulgaria and Slovakia. It engages in direct investments across various stages, from seed funding to growth capital, while also investing in funds that facilitate these investments. The EIF has developed a substantial portfolio of over €14 billion in assets, fostering a dynamic venture capital ecosystem by catalyzing private investments and providing guarantees and financial engineering services. Its investment strategy encompasses multiple sectors, including information technology, life sciences, and materials, and extends to regional funds across Central Eastern Europe and Turkey. By aligning its efforts with European Union objectives, EIF plays a crucial role in promoting innovation, research, and entrepreneurship within the continent.

Startup Wise Guys is a prominent early-stage investor based in Tallinn, Estonia, recognized as one of the leading venture capital funds in the Central and Eastern European (CEE) region and the Nordics. Since its inception in 2012, it has operated a renowned startup accelerator that has supported over 165 startups, primarily in sectors such as B2B SaaS, Fintech, and Cybersecurity. The intensive three-month program aims to validate, develop, and market products to business clients, benefiting from the guidance of more than 200 mentors. The accelerator culminates in Demo Days and attendance at major tech events, providing startups the opportunity to pitch to investors. With a startup survival and success rate exceeding 77%, the program has facilitated two major exits and fosters a robust alumni network of over 145 startups across more than 40 countries. Additionally, Startup Wise Guys manages specific funds targeting investments in various sectors, including technology and clean tech, with a focus on early-stage ventures.

Global Finance is an independent investment firm based in Athens, Greece, founded in 1991. It specializes in private equity and venture capital, focusing on management buyouts, middle market investments, and growth capital, particularly in underperforming companies. The firm invests in various sectors, including manufacturing, information technology, specialty retail, media, entertainment, healthcare, telecommunications, and services. Global Finance primarily targets companies in Greece and the broader Southeastern European region, including Bulgaria, Romania, Russia, and Serbia. Its investment strategy includes both minority and majority stakes, with typical investments reaching up to €40 million in Greece and €15 million in Eastern Europe. The firm engages in real estate development and offers advisory services, aiming to exit investments within three to six years through various methods such as trade sales or management buybacks.

Shasta Ventures, founded in 2004 and headquartered in Menlo Park, California, is a private equity firm that specializes in early-stage investments, primarily focusing on seed to series B-stage software companies in the United States. Over the past 15 years, the firm has supported more than 30 startups in achieving significant milestones, including going public or being acquired, by providing essential capital and expertise. In addition to its general investment activities, Shasta Ventures manages the Shasta Camera Fund, which focuses on pre-seed and seed investments in innovative technologies such as Augmented Reality, Virtual Reality, and camera-first Computer Vision applications. This dedicated fund aims to support visionaries by investing up to $0.1 million per entrepreneur, with plans for 20 to 30 investments in groundbreaking ideas.

CEE Equity Partners Ltd is a private equity firm focused on making investments in Central and Eastern Europe, particularly in sectors such as infrastructure, energy, telecommunications, and specialized production. The firm engages in various types of investments, including buyouts, expansion capital, and project finance, with a typical investment range of $20 million to $65 million in equity, often supplemented by debt financing. CEE Equity Partners emphasizes classic infrastructure projects like roads and ports, as well as environmental initiatives such as waste management and renewable energy sources, including wind and biomass. In telecommunications, the firm invests in fibre-optic networks and data centers. Additionally, CEE Equity Partners serves as the investment advisor for two China-CEE Funds with over $1.2 billion in committed capital, established in collaboration with China Exim Bank and other institutional investors to foster economic growth and provide returns in the region. The firm operates from its headquarters in Warsaw, Poland, with offices in several other CEE countries and the United Kingdom.

Mid Europa Partners is a buyout investor specializing in growth markets within Central and Eastern Europe and Turkey. Founded in 1999, the firm has raised and managed approximately €4 billion in funds and has established offices in Budapest, Istanbul, London, and Warsaw. Mid Europa is notable for pioneering private equity in this region and has been independent since 2005, with ownership held entirely by its partners. The team, primarily composed of local professionals, combines regional expertise with best practices from Western Europe in due diligence, deal structuring, and value creation. Mid Europa adopts a pan-regional investment strategy, focusing on acquiring leading companies in domestic growth industries, particularly in the mid-market segment. To date, the firm has completed 30 investments across 18 countries, achieving significant transactions and financings in the region.

Xevin Investments offer include investment and advisory services. The fund is interested both in companies and projects in the initial phase of development, unable to achieve further business goals due to insufficient capital, and in thriving companies in need of additional investment to achieve their milestones in the pursuit of competitive advantage.

Lead Ventures is a venture capital firm based in Budapest, Hungary, that focuses on financing scale-ups and emerging growth companies in Central and Eastern Europe. Established in 2017, it specializes in investments across various sectors, including mobility, energy and sustainability, as well as B2B services, software, chemicals, IoT, and retail. The firm typically invests between €1 million and €10 million, targeting dynamic teams with strong growth potential and validated market solutions. With €100 million under management, Lead Ventures is backed by MOL, a leading energy company in the region, along with two financial institutions dedicated to supporting the startup ecosystem. The firm aims to empower promising ventures with not only capital but also experience and a robust professional network, fostering innovation to transform industries.

GED is an independent private equity group founded in 1996, operating primarily in the Iberian Peninsula and South-Eastern Europe. With a focus on the middle market, GED manages over €300 million across several private equity vehicles, engaging in both private equity and private equity-real estate sectors. The firm seeks to maximize portfolio value through a buy-and-build strategy, targeting medium-sized companies in Romania, Bulgaria, Spain, and Portugal that have the potential to become regional leaders. GED also pursues opportunistic real estate investments in South-Eastern Europe, emphasizing sectors such as communication, transport, energy, and mobility. The firm has established a strong track record in these regions, supported by offices in Madrid, Seville, Bucharest, Sofia, and Oporto. Additionally, GED manages specialized funds that target specific sectors, including healthcare technology, renewable energy, and consumer products, investing in companies with defined financial profiles.

Accession Capital Partners, formerly known as Mezzanine Management Finanz- und Unternehmensberatungs GmbH, is a private equity firm specializing in management buyouts, management buyins, leveraged buyouts, recapitalizations, special situations, emerging growth, and growth capital transactions of mature, middle market companies through mezzanine financings. It invests in long term, subordinated mezzanine loans, minority shareholder buyouts, organic expansion, add-on acquisitions, and ownership restructuring. It does not invest in real estate (property exclusively), alcohol, tobacco, and firearms industries and project finance, startups, and high tech companies. The firm seeks to invest in companies in the financial services, healthcare, consumer goods, business services, manufacturing and information technology sectors. It prefers to invest in companies in new European Union member states with a focus on Central and Eastern Europe with a focus on Poland, Slovakia, Romania, Bulgaria, Russia, Hungary, the Czech Republic, Slovenia, Serbia, Croatia, and Balkan States. It also makes selective investments in Ukraine and Turkey. The firm seeks to invest between €5 million ($6.70 million) and €50 million ($63.22 million) in companies with sales value between €10 million ($11.83 million) and €400 million ($473.59 million), enterprise value between €20 million ($23.67 million) and €400 million ($473.59 million), and EBITDA between €2 million ($2.36 million) and €50 million ($67.05 million). Mezzanine Management Finanz- und Unternehmensberatungs GmbH was founded in 2000 and is based in Vienna, Austria with additional offices in Europe.

Axxess Capital, founded in 1995, is an asset manager specializing in private equity investments in lower mid-market companies, primarily in Romania and Bulgaria. The firm has over 15 years of investment experience in the region, having invested more than €250 million in equity across various sectors. Axxess Capital manages several funds, including the Romanian-American Enterprise Fund and the Balkan Accession Fund, focusing on deals typically ranging from €5 million to €15 million with investment horizons of three to seven years. With a team of over 15 professionals, including investment experts, finance specialists, and legal advisers, Axxess Capital combines local insights with international expertise, ensuring a comprehensive approach to investment opportunities in Southeast Europe.

Established by entrepreneurs for entrepreneurs – Empower Capital is a EUR 21 million fund financed by the European Investment Fund – JEREMIE Initiative Bulgaria with the mandate to provide unique access to equity and quasi-equity funding to growing Bulgarian companies. The team brings together extensive international operating experience, expertise and deep industrial knowledge, along with a comprehensive understanding of SME strategic management and finance. They have a proven track-record of both investing in and managing companies in Bulgaria, including raising substantial amounts of money from a range of investors (high net worth individuals, banks, funds etc.) and completing exits to international strategic buyers. Playing vital role in helping companies achieve their potential, they uncover value by identifying great organizations and enhancing their performance by providing growth capital, strategic contribution and operating support to strong management teams.

Abris Capital Partners is an independent private equity firm based in Warsaw, Poland, established in 2007. The firm specializes in management buyouts, acquisitions, and expansion capital investments, primarily targeting middle market companies in Central and Eastern Europe, with a particular focus on Poland, Bulgaria, Romania, and Ukraine. Abris seeks to acquire majority stakes in growth-stage companies across various sectors, including industrial, commercial, and services, as well as healthcare, technology, and logistics. The firm typically invests between €15 million and €75 million and aims for a typical investment period of three to five years. Abris Capital Partners is committed to implementing operational and strategic changes in its portfolio companies, helping them transition from public to private ownership when necessary. The firm avoids investments in certain high-risk industries and prefers companies with positive operational profits. Exits are generally achieved through trade sales, initial public offerings, or secondary sales. In addition to its Warsaw headquarters, Abris has offices in Leeds, Nicosia, and Bucharest.

3TS Capital Partners is a private equity and venture capital firm headquartered in Helsinki, Finland, founded in 1999. The firm specializes in providing growth capital and buyout funding to small and medium-sized businesses, with a strong emphasis on technology and related sectors, including media, communications, and technology-enabled services. It primarily focuses on investment opportunities in Central and Eastern Europe, particularly in European Union accession countries, but may also consider exceptional cases in Ukraine and Turkey. The firm typically invests between €1 million and €30 million in companies with enterprise values ranging from €1.5 million to €300 million, often seeking significant minority or majority stakes. 3TS aims to enhance the value of its portfolio companies through active partnership and strategic support, while planning to exit investments within three to five years through sales or initial public offerings. The firm has garnered over €300 million from various investors, including prominent financial institutions and corporations.

Karoll Finance Ltd makes investments through its Advance Equity Holding fund. The firm is a private equity and venture capital firm specializing in equity investments in start-up, early stage, and young and developing private (non listed) companies and acquisition financing, and growth capital. The firm prefers acting as the founder of new companies or buys stakes in existing ones. It seeks to invest in Bulgaria. The firm prefers its representative to be in the Executive/ Supervisory Board of the portfolio company. It seeks to exit its investments through a sale to a strategic or another financial investor or through a floatation of the company on the stock exchange. Karoll Inc., Investment Arm was formed on January 10, 2006 and is based in Sofia, Bulgaria.

Rosslyn Capital Partners is a private equity and venture capital firm established in 2002 and headquartered in Sofia, Bulgaria. The firm specializes in acquisitions, buyouts, growth capital, and investments in mature-stage companies. Rosslyn focuses on various sectors, including manufacturing, food and beverage, telecommunications, information technology, renewable energy, agriculture, and real estate development. It typically invests between $1.31 million and $7.89 million, primarily in companies based in Bulgaria. Rosslyn maintains strong affiliations with distinguished foreign investors, enhancing its projects with valuable expertise and experience. By leveraging its local knowledge, the firm aims to provide investors with opportunities for superior returns through the development of industry-specific investment vehicles.

Bancroft 2 is a buyout fund managed by Bancroft Private Equity, a firm established in 1989 and based in Vienna. Launched in November 2002, Bancroft 2 expanded its investment scope to include Eastern Europe and Turkey, focusing on mid-market opportunities within sectors such as commercial products, consumer durables, industrials, and technology, media, and telecommunications (TMT). The fund was part of a strategic initiative following the firm's early activities in mergers and acquisitions and the subsequent establishment of its private equity investment approach in the region.

Viaduct Ventures is a Technology focused early-stage venture fund.Viaduct seeks and supports startups that serve as Data Refineries,provide actionable intelligence to empower businesses

Vaaka Partners Oy is a Finnish private equity firm established in 1989, specializing in mid-market investments. The firm focuses on providing growth capital, bridge financing, co-investment opportunities, and management buyouts, primarily targeting consumer and technology companies across Europe. With a commitment to fostering the development of its portfolio companies, Vaaka Partners aims to drive sustainable growth and create value through strategic investments.

NextStage is a private equity fund manager (venture capital funds (“FCPR”), local investment funds (“FIP”) and innovation investment funds (“FCPI”)) certified by the AutoritÃ:copyright: des MarchÃ:copyright:s Financiers. As committed investors, they provide private equity capital to support the growth of Champion SMEs in France and elsewhere in Europe.

ESPIRA Fund I is a private equity growth expansion fund managed by ESPIRA Investments, based in Prague, Czech Republic. The fund focuses on investing in small and medium-sized enterprises across Central and Eastern Europe, specifically targeting sectors such as consumer durables, B2C non-financial services, and manufacturing. By investing between EUR 1 to EUR 3 million per company, ESPIRA Fund I aims to partner with high-potential SMEs and their owners to foster growth and enhance market share. The firm emphasizes impact investing, seeking to collaborate with businesses that prioritize positive social and environmental outcomes while respecting each company's unique culture and values. Through a combination of capital investment and strategic guidance from a network of experienced professionals, ESPIRA Fund I strives to create transparent and trusting partnerships that drive meaningful change.

IKEA GreenTech AB is a corporate venture capital firm established in 2008 and based in Malmö, Sweden. It focuses on making equity investments in the cleantech and green technology sectors, targeting companies that enhance sustainability in areas such as energy, water, waste management, future home solutions, and innovative materials. The firm invests in a range of technologies, including energy management systems, home water purification, residential waste handling, and new materials like soft plastics and packaging. With a capital pool of 500 million SEK, IKEA GreenTech seeks to make investments ranging from 5 million to 50 million SEK, preferring a minimum ownership stake of 10 percent and aiming for exits within five to seven years. The firm primarily targets companies located in the Nordic and European Union regions, leveraging its connection to the IKEA Group to foster sustainability-focused innovations.

Fiedler Capital is a venture capital firm established in 2014, headquartered in Vienna, Austria, with operations in Budapest, Hungary. The firm specializes in investing in seed and early-stage startups, primarily in the healthcare, medical technology, software, mobile applications, and data analytics sectors. Fiedler Capital focuses on companies within the Central and Eastern Europe (CEE) and Baltic regions, leveraging a strong network of local partnerships to support entrepreneurial talent. The firm is dedicated to helping these startups develop world-class business models and achieve sustainable growth in international markets.

Y Soft, founded in 2000 in Brno, Czech Republic, is a global IT company that focuses on developing innovative solutions to help businesses operate efficiently. The company gained recognition with the launch of YSoft SafeQ in 2003, which established its reputation in the market. Y Soft employs over 300 people, with a significant portion dedicated to research and development. In addition to its core business, Y Soft has a venture capital arm, Y Soft Ventures, which invests in B2B hardware and software startups in Central and Eastern Europe. This initiative aims to support innovative companies by providing capital, resources, and expertise to help them succeed in global markets. Y Soft Ventures emphasizes investments in areas such as the Internet of Things, Cyber Security, Big Data, and Augmented & Virtual Reality, targeting applications across various industries, including retail and urban development.

Basinghall Partners Ltd. is a venture capital firm based in London, with additional offices in Munich and Munsbach. It specializes in investments in startups and early-stage companies across various sectors, including B2B, SaaS, digital platforms, IoT, AI, RetaiTech, and DeepTech. The firm primarily targets startups located in the UK and the European Union, investing amounts ranging from EUR250,000 to EUR5 million. Basinghall focuses on funding digital enablers that facilitate industry transformation and is particularly interested in cross-industry solutions that enhance efficiency, increase market share, and establish new business models within traditional industries.

iEurope Capital, established in 2001 by Laszlo Czirjak and Kristina Perkin Davison, is a venture capital firm based in New York. The firm focuses on investing in medium- to small-sized companies primarily located in Central Eastern Europe, with interests spanning various sectors including healthcare technology, e-commerce, media, specialized industrial technology, information technology, technology-enabled business services, consumer products, and green and clean technology. iEurope Capital aims to support entrepreneurial managers in building and maintaining significant leadership positions within their industries. With a strong network of partners, investors, and advisors, the firm leverages its professional expertise and local market knowledge to identify and nurture promising companies, helping them achieve their growth potential. Its recent funds, particularly iEurope Fund I and II, have demonstrated notable performance, achieving significant annual returns for investors.

Avallon Sp. z o.o. is a private equity firm based in Lodz, Poland, established in 2001. It specializes in small to mid-sized management buyouts and other investment strategies, focusing on high-growth companies across various sectors, including orthopedics, rehabilitation, fast-moving consumer goods, and manufacturing. The firm typically invests between €4 million and €15 million, with the potential for transaction values to reach €30 million through debt or co-investment. Avallon prefers to acquire a majority stake, aiming for a minimum share of 30% in the companies it invests in. It targets businesses with annual sales between PLN 50 million and PLN 250 million, primarily in Central and Eastern Europe, with a strong emphasis on Poland. The firm does not engage in investments related to industries such as gambling, alcohol, tobacco, or defense and seeks to exit its investments within three to seven years. Through over 100 capital investments, Avallon collaborates closely with management teams, providing them with expertise and resources to drive growth.

500 Global, formerly known as 500 Startups, is a venture capital firm and incubator based in Mountain View, California, founded in 2010. The firm specializes in seed investments, primarily focusing on early-stage technology and financial services startups across various sectors, including biotech, e-commerce, fintech, and digital healthcare. 500 Global operates a four-month accelerator program, where it typically invests between $0.05 million and $1 million for a 5 to 10 percent equity stake in companies with at least $100,000 in monthly revenue. The firm targets a global market, with particular emphasis on regions such as the Middle East, Asia, Europe, and Latin America. Since its inception, it has invested in over 2,200 startups and supports the growth of innovation ecosystems through educational programs and partnerships. 500 Global also prioritizes investments in companies led by minority founders, reflecting its commitment to diverse entrepreneurial leadership.

MCI Capital TFI SA is a private equity and venture capital firm specializing in seed and startup, early venture, mid venture, late venture, growth capital, incubation, emerging growth, expansion, turnaround, PIPES, management buyouts, mature, and mezzanine investments in middle market companies. The firm seeks to invest in telecom, media, and technology, financial and business services, medical services, information technology, financial technology, digital, Internet, digital media and entertainment, big data and cloud computing, software, information technology services, mobile internet, value added services, e-commerce and distribution, real estate, clean technologies, wireless-mobile, healthcare and biotechnology, and life science sectors. It prefers to invest in companies based in Europe with a focus on Central and Eastern European Countries (CEE) including Albania, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, Slovenia, and the three Baltic States: Estonia, Latvia and Lithuania; DACH region specifically Germany as well as Israel and Turkey. The firm prefers to make equity investment between $ 0.29 million and $ 59.74 million, with minimum enterprise value $ 29.87 million and EBITDA between $ 2.35 million and $ 29.43 million. It prefers to exit its investment within a period of three years and seven years through a trade sale or IPO. The firm prefers to make control, majority and minority investments. MCI Capital TFI SA was founded in 2006 and is based in Poland. It operates as a subsidiary of Private Equity Managers SA.

Gecad Ventures invests in start-up and expansion-phase hi-tech companies from CEE with meaningful prospects of scaling internationally, including verticals like Cybersecurity, Fintech, AI/ML, AR & VR, Transportation, IoT and Agritech. We are an early investor which provides value by building strong strategic relationships with the founding teams, while supporting them in achieving their business objectives. We invest between €1-7 million in equity and also share a wealth of resources with the objective of fast growth and a presence in international markets. Previously Gecad Group, Gecad Ventures history spans for over 20 years and includes notable exits to Microsoft, Francisco Partners, Naspers, Fitbit.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution founded in 1999 and headquartered in Thessaloniki, Greece. Established by 11 countries in the Black Sea region, the bank aims to promote economic development and cooperation among its member states, which include Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB provides a range of financial services, including project finance loans, corporate loans, credit lines, equity investments, and trade financing products. It also offers specialized financial services such as guarantees, microfinance, venture capital, and technical assistance funds. Targeting various sectors such as energy, transport, manufacturing, telecommunications, and agribusiness, the bank plays a crucial role in supporting the growth of small and medium enterprises and enhancing regional economic integration.

Nordic Investors s.r.o. is a private equity firm specializing in buyout investments. It also provides advisory services. The firm prefers to make investments in the CEE region. Nordic Investor s.r.o. was formed in 2015 and is based in Prague, Czech Republic.

EOSS Industries Holding GmbH is a private equity and venture capital firm specializing in incubation and investments in small and medium sized companies in seed/start-ups, early venture, mid venture, late venture, middle market, later stage, and mature stages. It also focuses on growth financing, spin-offs, buy-outs, successions, turnarounds, recapitalization, industry consolidation, and restructurings. It will consider investments in tourism, information and communication technology, high technology industries and life sciences, including healthcare, industrials, biotechnology and medical technology. The firm targets investments in companies based in Europe with focus on Austria, Southeastern Europe and Central and Eastern Europe including Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Poland, Romania, Slovakia, Slovenia, Serbia, and Montenegro. EOSS Industries Holding GmbH was founded in 2003 and is based in Graz, Austria.

Founded in 2013, ICT Holding is a private equity firm based in Limassol, Cyprus. The firm invests in equity securities, investment funds, interest bearing securities, derivatives in international markets. The firm also seeks to make direct investments in companies operating in finance, mineral mining, precious metal mining, transportation, energy, materials, technology, automobiles, medical technology sectors.

SEAF is an investment firm that focuses on providing growth capital and operational support to businesses in emerging markets, particularly those underserved by traditional financing sources. Founded in 1989 in Washington, District of Columbia, as a private equity subsidiary of the development organization CARE, SEAF aims to foster economic development by investing risk capital in locally owned enterprises with high growth potential. The firm operates in 18 countries, with a notable presence in Central and Eastern Europe, Asia, and Latin America. SEAF makes structured debt and equity investments and emphasizes creating measurable development impacts in local communities. Its investment strategy includes targeting diverse sectors such as tourism, healthcare, IT, and agriculture, while also focusing on themes like energy, diversity and inclusion, and employment. SEAF seeks to partner actively with entrepreneurs, leveraging its extensive network to enhance business success and deliver attractive returns to its investors.

Innova Capital Sp. z o.o. is a private equity firm based in Warsaw, Poland, with an additional office in Bucharest, Romania. Established in 1994, the firm specializes in growth capital and buyouts, focusing on mid-market companies in Central and Eastern Europe, particularly in Poland, Slovakia, Croatia, Hungary, Romania, Moldova, the Czech Republic, Bulgaria, Germany, and Austria. Innova Capital does not invest in start-ups or turnaround situations but seeks opportunities in sectors such as construction, manufacturing, energy, technology, media, financial services, consumer goods, telecommunications, healthcare, and outsourcing. The firm typically invests between €5 million and €75 million in companies with enterprise values ranging from €50 million to €184 million, aiming for both majority and minority stakes. Innova Capital's investment horizon spans three to five years, with exits achieved through sales to strategic investors or initial public offerings. Over its history, the firm has invested nearly €500 million in approximately 40 companies across ten countries.

Oriens is a private equity firm headquartered in Budapest, Hungary, with an additional office in Prague. Founded in 2007, it specializes in mid-market investments across various sectors including healthcare, manufacturing, retail, and business services, primarily targeting opportunities in the Czech Republic, Slovakia, and Hungary. Oriens operates a boutique investment banking arm that offers a range of financial advisory services such as capital raising, mergers and acquisitions, deal structuring, business valuation, and due diligence. The firm also provides portfolio strategy and market entry advisory services, catering to industries like energy, media, telecommunications, and food. Additionally, Oriens manages a buyout fund that invests in low- to mid-cap companies in the manufacturing and services sectors across Central and Eastern Europe, focusing on investment sizes between EUR 5 million and EUR 8 million with a horizon of three to five years.

Petrus Advisers LLP is a hedge fund sponsor. The firm invests in the public equity markets. It invests in the long only equities employing fundamental analysis to make its investments. Petrus Advisers LLP was founded in 2009 and is based in London, United Kingdom.

Argus Capital is a private equity firm established in 1998, focusing on mid-market investments in Central and Eastern Europe. With a strong presence in the region, it was one of the first firms to create a network of offices there. Argus Capital partners with prominent institutional investors and family offices from Europe, North America, and the Middle East to support its investment strategies. The firm has managed various funds, including a buyout fund that specifically targeted sectors such as healthcare services, media, life sciences, robotics, drones, and technology, media, and telecommunications.

MB Funds is an independent private equity firm based in Helsinki, Finland, established in 1998. The firm specializes in mid-market investments, focusing on buyout, privatization, buy-and-build, and growth capital transactions. It manages multiple funds, including MB Equity Fund III and MB Equity Fund V, which target various sectors such as commercial products, healthcare services, manufacturing, industrials, and 3D printing. MB Funds aims to invest in promising companies across Europe, leveraging its expertise to foster growth and enhance value within its portfolio.

TCV, founded in 1995 and headquartered in Menlo Park, California, is a venture capital investment firm that specializes in providing capital to growth-stage private and public companies within the technology sector. The firm has invested over $17 billion in more than 350 companies, facilitating over 145 public offerings and strategic acquisitions. TCV typically makes equity investments ranging from $30 million to $300 million across various technology-related industries, including financial services, healthcare, e-commerce, and cybersecurity. The firm has a diverse portfolio, with notable investments in companies such as Airbnb, Facebook, and Netflix. TCV also maintains offices in New York and London, further enhancing its presence in the global technology investment landscape.

Alpha Bank is a prominent financial services company based in Greece, established in 1879. It offers a comprehensive range of high-quality financial products and services, including retail banking, small and medium-sized enterprises (SMEs) and corporate banking, asset management, private banking, investment banking, brokerage, and real estate management. The bank is committed to supporting the growth of the Greek economy and enhancing societal well-being, including contributions to health services in Greece. Additionally, Alpha Ventures A.E., the bank's private equity and venture capital branch, focuses on providing growth capital and financing solutions to small and medium-sized companies across various sectors, including finance, real estate, and technology, primarily in Greece and Southeastern Europe. Alpha Bank has garnered recognition for its active role in the financial sector, notably being named the "Most Active Issuing Bank in Greece" in 2018 by the European Bank for Reconstruction and Development.