Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments, particularly in technology companies across Southeast Europe. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, eCommerce, Future of Food, Future of Work, software tools, consumer products, Sportstech, ERP, gaming, Adtech, Mobility, and Home Automation. Eleven Ventures does not invest in not-for-profit projects and instead targets companies that have a legal entity in Bulgaria and are expected to participate in a three-month acceleration program. The firm typically invests between €0.025 million and €0.5 million, taking minority stakes ranging from 6% to 30% depending on the stage of investment. In addition to funding, Eleven Ventures offers office accommodation, back office services, and access to over €0.1 million in free deals from technology service providers. Each quarter, the firm accepts 10-15 teams into its mentor-led program, providing strategic support and follow-on funding opportunities for companies with fully developed products.

LAUNCHub Fund, managed by LAUNCHub Ventures, is a venture capital firm established in 2012 and based in Sofia, Bulgaria. The fund focuses on seed and Series A investments in digital startups throughout Southeastern Europe. It primarily targets sectors such as information technology, SaaS, health-tech, e-commerce, and IoT, though its investment scope is not limited to these areas. With a total management of €30 million, LAUNCHub Fund typically invests between €300,000 and €700,000 per company, with the possibility of expanding investments up to €1.5 million. The firm aims to support early-stage companies that demonstrate strong growth potential in both enterprise and consumer markets.

New Vision 3 is an early-stage venture capital fund based in Sofia, Bulgaria, founded in 2019. The firm focuses on investing in seed-stage and early-stage companies across various sectors, including healthcare, agtech, fintech, cryptocurrency, and artificial intelligence. With a 2020 vintage fund, New Vision 3 aims to invest in 45 companies primarily located in the United States and Europe. The firm emphasizes a diverse investment strategy, targeting emerging technologies and innovations in areas such as blockchain, the shared economy, the Internet of Things, big data, robotics, nanotechnology, cybersecurity, cleantech, as well as augmented and virtual reality.

Founded in 2015, Impetus Capital is a venture capital firm based in Sofia, Bulgaria. The firm invests in seed-stage, early-stage, later-stage, and growth-stage companies operating in B2B, B2C, healthcare, and technology sectors based in Europe.

BlackPeak Capital is a private equity and venture capital firm founded in 2014 and headquartered in Sofia, Bulgaria, with additional offices in Bucharest, Ljubljana, and Vienna. The firm specializes in early and mid-venture investments, mezzanine financing, and small buy-outs, focusing on high-growth 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, FMCG, information technology, industrials, and healthcare, while specifically avoiding industries such as gambling, logging, and financial institutions. The firm typically invests between €4 million and €10 million per transaction, either as single investments or in multiple tranches, taking significant minority or majority stakes. It engages in co-investments alongside other institutional and individual investors and aims for exits through trade sales or IPOs. BlackPeak Capital is also supported by the European Investment Fund under the JEREMIE initiative, which promotes SME growth in the region.

Founded in 2020, Vitosha Venture Partners is a venture capital firm based in Sofia, Bulgaria. The firm prefers to invest in business products, business services, consumer products, consumer services, healthcare, information technology, materials, and resources sectors across Bulgaria.

Sofia Angels Ventures is a venture capital firm established in 2020 and located in Sofia, Bulgaria. The firm specializes in investing in technology startups at the pre-seed and seed stages, primarily targeting emerging companies from Bulgaria and the broader Southeastern and Central Eastern European regions. By focusing on early-stage investments, Sofia Angels Ventures aims to support innovative entrepreneurs and foster the growth of the technology sector in these areas.

Silverline Capital is a private equity firm established in 2019 and headquartered in Sofia, Bulgaria. The firm specializes in providing mezzanine and equity financing solutions to mid-market businesses across various sectors, including healthcare, transportation, logistics, manufacturing, consumer goods, retail, services, and industrials. In addition to mezzanine and equity financing, Silverline Capital also offers debt and convertible loans, targeting businesses that require flexible capital to support their growth and development.

MFG Invest is an angel investment group based in Sofia, Bulgaria, founded by a consortium of angel investors focused on financing venture capital. The firm aims to support early-stage startups across various sectors, providing the necessary capital and resources to foster growth and innovation. By targeting emerging businesses, MFG Invest seeks to play a pivotal role in the entrepreneurial ecosystem, helping to drive economic development in the region.

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.

The EIC pilot supports top-class innovators, entrepreneurs, small companies and scientists with bright ideas and the ambition to scale up internationally. It brings together the parts of Horizon 2020 that provide funding, advice and networking opportunities for those at cutting edge of innovation.

SpeedInvest GmbH is a venture capital firm based in Vienna, Austria, founded in 2011. It specializes in early-stage investments, focusing on technology-related startups across Europe, particularly in sectors such as deep tech, fintech, insurtech, consumer tech, and marketplaces. The firm typically invests between €0.25 million and €3 million in pre-seed, seed, and Series A stages, while preferring to acquire minority stakes of up to 20% in its portfolio companies. SpeedInvest aims to be actively involved in the companies it invests in, often taking on operational roles for six months to one year. With additional offices in cities like San Francisco, Berlin, Paris, and London, SpeedInvest leverages a global network to support entrepreneurs in building successful businesses, thus contributing to the development of Europe’s startup ecosystem.

BrightCap Ventures is an early-stage venture capital firm founded in 2018 and based in Sofia, Bulgaria, with additional operations in Amsterdam, Netherlands. The firm focuses on investing in small and medium-sized companies across various sectors, including artificial intelligence, big data, medical technology, blockchain, and financial technologies. BrightCap Ventures aims to support global founders who utilize local engineering talent, offering not only capital but also entrepreneurial experience and access to a broad global network to help these companies succeed.

Neo Gravity is a venture capital investment firm based in Sofia, Bulgaria, founded in 2020. It focuses on investing in high-end consumer goods and services, personal mobility, and various sectors including food and beverages, pet care, and technology for both business-to-business and business-to-consumer markets. The firm targets companies primarily in Southeast Europe that operate on a global scale, adapting to the evolving purchasing behaviors influenced by rapid digitalization and economic changes. As the fourth successive investment initiative by a group of serial entrepreneurs active in the region since 2005, Neo Gravity aims to build increasing stakes in its investee companies, leveraging market trends to drive growth and innovation.

Integral Venture Partners is a private equity firm established in 2019, headquartered in London, United Kingdom, with additional offices in Budapest, Hungary, and Belgrade, Serbia. The firm specializes in growth capital investments, focusing on central and south-eastern Europe. Integral Venture Partners seeks to invest up to EUR25 million in companies with significant growth and value-add potential across various sectors, including technology, media, and telecommunications (TMT), healthcare, consumer goods and services, B2B services, and niche manufacturing. As an independently owned firm, it aims to identify and support businesses that demonstrate strong prospects for development and profitability.

KBC Group NV, headquartered in Brussels, Belgium, is a bank-insurance firm that offers integrated financial services primarily to retail clients, private banking, small and medium-sized enterprises, and mid-cap clients. The company provides a wide range of products, including demand deposits, savings accounts, home and mortgage loans, consumer finance, and SME funding. Additionally, KBC offers life and non-life insurance, asset management, cash management, trade finance, leasing, and corporate finance services. The firm operates 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 subsidiary of KBC Group, focuses on providing development capital and financing buy-outs for medium-sized companies, with a commitment to becoming a leading private equity provider in its home markets. Established in 1935, KBC Group has evolved to meet the diverse financial needs of its clientele while maintaining a strong presence in Central and Eastern Europe.

Startup Wise Guys, founded in 2012 and based in Tallinn, Estonia, is a prominent early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. The organization has accelerated over 165 startups, primarily in B2B SaaS, fintech, and cybersecurity, achieving a startup survival and success rate exceeding 77%. Its intensive three-month accelerator program focuses on product validation, development, and sales to business customers, supported by a network of over 200 international and local mentors. The program culminates in Demo Days and major tech events where startups present their ventures to potential investors. Additionally, participants gain access to an alumni community of more than 145 startups across 40 countries and exclusive alumni events centered on business development and fundraising. Startup Wise Guys also manages dedicated funds targeting various sectors, including an Africa Fund that invests in fintech, health tech, and digital SaaS, among others.

Global Finance is an independent investment firm based in Athens, Greece, founded in 1991. The firm specializes in private equity and venture capital, focusing on management buyouts, middle market, turnaround, and growth capital investments, particularly in underperforming companies. It targets industries such as manufacturing, information technology, specialty retail, media, telecommunications, services, and real estate across Greece and Southeast Europe, including Bulgaria, Romania, Russia, and Serbia. Global Finance typically invests up to €40 million in Greek companies and up to €15 million in Eastern European ventures, making both minority and majority investments. The firm also engages in real estate development and provides advisory services. It aims for exits within three to six years through various methods, including trade sales, IPOs, and management buybacks. With additional offices in Sofia, Bucharest, and Belgrade, Global Finance has played a significant role in developing private equity and venture capital in the Southeast European market.

UniCredit Bulbank is the largest bank in Bulgaria, with assets exceeding BGN 13.9 billion as of September 2014. Based in Sofia, the bank serves over one million clients, including individuals, households, small and mid-sized businesses, and larger corporations, both domestic and multinational. The bank offers a comprehensive range of services, including deposits, savings accounts, personal loans, mortgages, pension savings, and various banking facilities such as internet and direct deposit services. Additionally, UniCredit Bulbank provides loans, pension funds, currency exchange, insurance, shares, bonds, and investment advisory services. As a part of the European banking group UniCredit, the bank is well-positioned to cater to the financial needs of its diverse clientele.

Shasta Ventures, founded in 2004 and headquartered in Portola Valley, California, is a venture capital firm that specializes in seed to Series B-stage investments primarily in software companies across the United States. With a strong focus on early-stage enterprise SaaS ventures, the firm has supported over 30 startups in achieving public offerings or acquisitions by providing both capital and industry expertise. Additionally, Shasta Ventures manages the Shasta Camera Fund, which is dedicated to early-stage investments in Augmented Reality, Virtual Reality, and camera-first Computer Vision applications. The fund aims to support visionaries by making 20 to 30 investments, with each entrepreneur receiving funding up to $0.1 million.

SeedBlink is an equity crowdfunding platform established in 2020 and based in Bucharest, Romania. The platform provides a range of services including sourcing, vetting, financing, and scaling for startups and businesses across various sectors. These sectors encompass business products and services, energy, financial services, healthcare, consumer products, information technology, cleantech, oncology, mobile applications, cybersecurity, e-commerce, and health technology. SeedBlink aims to facilitate investment opportunities in these diverse fields, helping to connect investors with innovative companies seeking funding.

Provider of insurance products and services based in Sofia, Bulgaria. The company provides a full range of insurance products in the areas of general, health and life insurance.

Industrial Holding Bulgaria AD is a public company focused on managing a diverse investment portfolio that includes both Bulgarian and foreign enterprises. Its primary activities involve the acquisition, management, assessment, and sale of shares in various companies. In addition, the company engages in the acquisition and evaluation of patents, as well as the licensing of these patents to entities within its portfolio. Industrial Holding Bulgaria also provides financing to the companies in which it holds stakes, facilitating their growth and development. The firm operates in accordance with legal regulations and explores opportunities across multiple industries.

Xevin Investments is a venture capital firm established in 2008 and based in Warsaw, Poland. The firm specializes in providing investment and advisory services, focusing on both early-stage companies that require capital to advance their business objectives and established firms seeking additional funding to reach critical milestones. Xevin Investments is particularly interested in sectors such as software as a service, education technology, financial technology, digital health, advertising technology, Internet of Things, and e-commerce. Through its investments, the firm aims to support innovation and growth across these diverse industries.

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. The firm manages over €300 million across multiple private equity vehicles, focusing on buyouts and expansion deals that enhance portfolio value through a buy and build strategy. GED targets medium-sized companies in Romania, Bulgaria, Spain, and Portugal, aiming to establish them as regional market leaders. The firm also engages in opportunistic real estate investments through its GED Opportunity fund, which concentrates on value-added opportunities in South Eastern Europe. GED has a strong track record in these regions, supported by its offices in key cities such as Madrid, Seville, Bucharest, Sofia, and Oporto. Its investment focus spans various sectors, including healthcare technology, energy, transport, and communication.

Producer of motor and industrial oils in Bulgaria. The company provides automotive oils, industrial lubricants, greases and specialty industrial fluids in Bulgaria.

Lev Ins is an insurance company that offers insurance protection, insurance products, professional risk management, and consulting.

Axxess Capital is a private equity firm established in 1995 and headquartered in Bucharest, Romania. The firm specializes in investing in lower mid-market companies, primarily targeting sectors such as paints and coatings, banking, financial services, and retail, particularly within Romania and Bulgaria. With over 15 years of investment experience in the region and more than €250 million in equity invested, Axxess Capital operates funds that focus on investments ranging from €5 million to €15 million, typically over a term of three to seven years. The firm boasts the largest team in Southeast Europe, comprising over 15 professionals, including investment experts, finance specialists, and legal advisers, which allows it to leverage a blend of local knowledge and international insights.

Storytel AB provides streaming services for audiobooks and e-books, operating primarily through its subscription models under the Storytel and Mofibo brands. The company is structured into two main segments: Streaming and Publishing. In the Streaming division, it offers a comprehensive library of audiobooks and e-books available in various countries, including Sweden, Denmark, Norway, and others. The Publishing division includes several imprints, such as Norstedts, Massolit, and B. Wahlströms, focusing on both adult and children's literature. Additionally, Storytel has expanded its offerings to include digital subscriptions for newspapers and magazines, enhancing its position in the publishing sector. Founded in 2005 and headquartered in Stockholm, Sweden, Storytel has established itself as a leader in the audiobook subscription market, with a growing international presence across multiple regions.

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.

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.

Innimmo Investments is an independent M&A and corporate finance advisory firm located in Sofia, Bulgaria, established in 2004. The firm specializes in providing comprehensive services related to mergers and acquisitions, including sell-side and buy-side representation, exit reviews, sale preparations, and valuations. Innimmo also offers expertise in management buyouts and buy-ins, private equity, and venture capital services. In addition to its core focus on M&A, the firm engages in qualitative and quantitative analysis, strategic development advisory, rescue financing, as well as outsourced CFO, facility management, and project management services.

TransAtlantic Petroleum Ltd. is an oil and natural gas company based in Addison, Texas, involved in the acquisition, exploration, development, and production of energy resources. The company operates primarily in Turkey and Bulgaria, holding interests in multiple onshore exploration licenses and production leases. As of the end of 2019, it controlled approximately 436,388 net acres in Turkey, with proved reserves amounting to over 10 million barrels of oil and 2.5 billion cubic feet of natural gas. Additionally, it possesses a production concession covering about 162,800 net undeveloped acres in Bulgaria. Founded in 1985, TransAtlantic Petroleum aims to develop assets with established production potential in regions offering favorable fiscal conditions. The company was taken private in December 2020.

Bancroft 2 is a buyout fund managed by Bancroft Private Equity, which was founded in 1989 and is based in the Channel Islands, United Kingdom. Launched in November 2002, Bancroft 2 expanded its investment focus to include Turkey alongside Eastern Europe. The fund primarily targets mid-market investments across various sectors, including commercial products, consumer durables, industrials, and telecommunications, media, and technology. Bancroft Private Equity specializes in private equity investments and has a history of providing mergers and acquisition advice, as well as making direct acquisitions for its own account. The firm’s strategic approach encompasses investments in financial services, consumer goods, and transportation, reflecting its commitment to enhancing value in the regions it serves.

Gecad Ventures is a venture capital firm based in Bucharest, Romania, founded in 1992. The firm focuses on investing in start-up and expansion-phase hi-tech companies from Central and Eastern Europe that demonstrate significant potential for international growth. Gecad Ventures targets a variety of sectors, including cybersecurity, fintech, artificial intelligence and machine learning, augmented and virtual reality, transportation, the Internet of Things, and agritech. By investing between €1-7 million in equity, Gecad Ventures aims to foster strong strategic relationships with founding teams and support them in achieving their business goals. With over 20 years of experience, the firm has a history of successful exits, including partnerships with major companies such as Microsoft and Fitbit.

Oriens is a private equity firm based in Budapest, Hungary, with an additional office in Prague. Established in 2007, it focuses on mid-market investments across various sectors, including healthcare, manufacturing, retail, and business services, primarily in the Czech Republic, Slovakia, and Hungary. Oriens manages multiple funds, including Oriens Fund II, which targets investments of EUR 5 million to EUR 8 million in low- to mid-cap companies in the manufacturing and services sectors in Central and Eastern Europe. The firm also operates Oriens, Advisory Arm, a boutique investment banking subsidiary that provides financial advisory services such as capital raising, mergers and acquisitions, deal structuring, and business valuation, as well as due diligence and market entry advisory services.

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.

Founded in 1992, Pro Partners Holding is a private equity firm based in Bratislava, Slovakia. The firm seeks to make investments in the finance, real estate, renewable energy, and healthcare sectors in Central and Eastern Europe.

GrayBella Capital is a venture capital firm established in 2019, with its headquarters in Bilbao, Spain and additional offices in several major cities, including London and Boston. The firm specializes in making equity investments in seed, startup, and Series A and B stages, primarily targeting the life sciences and complex technologies sectors. Within life sciences, GrayBella focuses on areas such as diagnostics, healthcare IT, artificial intelligence, data analytics, and patient monitoring. In the realm of complex technologies, the firm's interests include IoT, cloud and SaaS platforms, security, space technology, machine learning, and fintech. GrayBella Capital typically invests between €3 million and €8 million in companies located in the United Kingdom, Ireland, Spain, Portugal, and regions such as the Nordics, Baltics, and Central and Eastern Europe. The firm actively leads or co-leads funding rounds, maintains board positions in its portfolio companies, and seeks early exit opportunities through strategic liquidity options.

StartItSmart is an entrepreneurship organization based in Sofia, Bulgaria, dedicated to fostering an entrepreneurial mindset among young people and assisting them in launching their own businesses. Founded in 2009, it offers a comprehensive 10-week training and mentorship program tailored for first-time entrepreneurs. This program equips participants with essential knowledge and skills necessary for preparing a startup for early product launch, joining an accelerator, or securing initial investment. In addition to business training and mentorship sessions, StartItSmart provides co-working spaces and various resources to support entrepreneurs. The organization is also a co-founder of the Bulgarian entrepreneurship and innovation cluster and the world's largest network of young entrepreneurs, further enhancing its commitment to nurturing innovation and entrepreneurship in Bulgaria.

Texim Bank AD is a Bulgarian financial institution that offers a wide range of banking products and services to both individuals and businesses. Its offerings include various types of accounts, such as current, savings, and term deposit accounts, alongside an array of loan products, including personal loans, business loans, and agricultural financing. The bank also provides credit and debit cards, payment services, and financial market transactions. In addition to traditional banking services, Texim Bank specializes in private banking and financial consultancy for affluent clients, offering services like asset and money management, legal and tax consulting, and retirement planning. The institution additionally engages in investment banking, providing services related to corporate finance, mergers and acquisitions, and asset management. Founded in 1992 and headquartered in Sofia, Bulgaria, Texim Bank serves as a comprehensive financial services provider in the region.

Karoll is an investment banking firm founded in 1993 and headquartered in Sofia, Bulgaria. The firm specializes in a variety of financial services, including investment banking, asset management, brokerage, insurance, land banking, and private equity. Karoll serves a diverse clientele, encompassing individual, corporate, and institutional investors, offering tailored solutions to meet their financial needs. Its comprehensive suite of services aims to assist clients in managing their investments and navigating the complexities of the financial market.

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.

Maspex is a prominent food product manufacturer based in Wadowice, Poland, and holds a leading position in Central and Eastern Europe. The company specializes in a diverse range of products, including juices, nectars, soft drinks, water, pasta, jams, sauces, ketchup, ready meals, vegetable preserves, and instant products such as cappuccino and cocoa. Maspex is recognized as the market leader in juices and soft drinks in Poland, the Czech Republic, and Slovakia, while also being a top producer in Hungary, Romania, Bulgaria, and Lithuania. Additionally, the company leads the pasta market in Poland and Romania and excels in the production of jams, sauces, and ready meals in Poland. Maspex's extensive portfolio also includes vodka and foreign spirits, catering to a wide array of consumer preferences.

Kredyt Inkaso S.A. is a prominent provider of debt management services in Poland and several Eastern European countries, including Russia, Romania, Bulgaria, and Croatia. Based in Warsaw with an operational center in Zamość, the company has established itself as a key player in the market, particularly over the past decade through partnerships with major banks and telecommunications firms. Kredyt Inkaso specializes in the management of difficult-to-recover debt portfolios, employing nearly 200 professionals to facilitate payment monitoring and debt collection services, including court and enforcement procedures. The company's approach is structured around an investment fund model, allowing it to operate effectively in the purchase and recovery of overdue debts.

Royalton Partners is a private equity and venture capital firm founded in 1996 and headquartered in Luxembourg, with additional offices in Romania, Hungary, and Switzerland. The firm specializes in equity investments in late-stage venture, buyouts, and restructuring of underperforming companies. It targets a diverse range of sectors, including financial services, media, education, retail, green energy, telecommunications, and environmental services, without confining its strategy to specific industries. Royalton Partners primarily focuses on opportunities in Central and Southeastern Europe, particularly in countries that are candidates for European Union accession. The firm typically invests between $6.92 million and $23.53 million in companies with EBITDA ranging from $1.38 million to $8.3 million and aims to acquire a majority stake in its portfolio companies. The firm is also recognized as an authorized Alternative Investment Fund Manager, managing illiquid assets within closed and open-ended fund structures.

bValue Fund is a venture capital firm based in Warsaw, Poland, focused on investing in pre-seed, seed, and early-stage companies across various sectors. Established in 2016, the firm primarily targets enterprises within the CEE region, particularly in Poland and Ukraine. Its investment strategy emphasizes industries undergoing digital transformation, including hi-tech, engineering, fintech, logistics, healthcare, and e-commerce. bValue Fund typically invests between €0.25 million and €1 million in companies that demonstrate potential for growth, preferably those with recurring revenues or a minimum viable product. The firm seeks minority stakes in its portfolio companies and leverages the extensive experience and networks of its management team and investors to help businesses scale and navigate challenges. With a diversified portfolio, bValue Fund aims to support innovative solutions that have the potential to become global leaders.