Fil Rouge Capital (FRC) invests in early stage businesses from angel investment, seed, VC and Series A rounds through a combination of equity and debt structures. FRC’s approach is to target investments that complement the skills and experience of its Founders so that they can bring more than just capital to help a business grow. Both FRC’s Founders have a core knowledge of technology, services, and an entrepreneurial history that they can bring to the benefit of an investment. FRC is Europe-centric, and with a base in Ljubljana, Slovenia, there is an additional focus on Central and Eastern Europe, Austria and Southern Germany. On an opportunistic basis FRC will look at deals throughout Europe and also the United States. The Founders are well-connected to accelerators in Central Europe and in Silicon Valley.

The European Bank for Reconstruction and Development (EBRD) is an investment firm established in 1991 to support the development of market economies and democracies in Central and Eastern Europe and Central Asia. As the largest single investor in the region, the EBRD focuses on private enterprises, investing primarily in minority equity positions and participating in private equity funds that target medium-sized companies seeking expansion. The firm mobilizes significant foreign direct investment and provides project financing for a variety of sectors, including banking, industry, and municipal services. It collaborates with publicly owned companies to facilitate privatization and restructuring efforts. The EBRD operates in countries committed to democratic principles and emphasizes strong corporate governance and environmental respect in all its investments. With a portfolio exceeding €130 billion across over 5,200 projects, the EBRD has also extended its financing initiatives to the Middle East and Africa, leveraging its expertise to foster economic growth and transformation.

South Central Ventures is a venture capital firm established in 2015, with its headquarters in Belgrade, Serbia, and additional offices in Zagreb, Croatia; Ljubljana, Slovenia; and Skopje, Macedonia. The firm specializes in both direct and fund of fund investments, focusing primarily on early stage and growth investments in the technology sector, which includes Information and Communications Technology (ICT), SaaS, mobile, IoT, HealthTech, FinTech, and digital media. South Central Ventures aims to support small and medium enterprises in the Balkans, investing up to €0.5 million in total per company, with a maximum of €0.1 million for seed stage investments and up to €3 million for early and growth stage investments. The firm seeks to take equity stakes between 25 percent and 49 percent in its portfolio companies, prioritizing those with strong management teams and significant growth potential.

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.

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.

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.

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.

ARX Equity Partners is a private equity firm based in Prague, Czech Republic, with additional offices in Budapest, Hungary, and Warsaw, Poland. Founded in 1996, the firm specializes in mid-market investments across various sectors, including financial services, consumer goods, healthcare, business services, and technology. ARX focuses on expansion financing, management buyouts, buy-ins, and industry consolidation transactions, primarily targeting later-stage companies in Central and Eastern Europe. It seeks to invest between €3 million and €15 million in companies with a minimum EBITDA of €1 million, and it considers both majority and minority ownership positions. The firm is particularly interested in management or family-owned enterprises that are looking to divest subsidiaries. ARX plans to exit investments through trade sales within a timeframe of three to six years. Its investment strategy emphasizes companies engaged in the production of goods and the provision of services, reflecting a diverse portfolio approach.

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.

Trind Ventures is an early-stage venture capital firm located in Tallinn, Estonia, founded in 1999. The firm specializes in investing in start-ups across Northern and Central Europe, focusing on various sectors, including information and communication technology, business-to-business, business-to-consumer, and marketplaces. Trind Ventures aims to support companies from seed rounds through to sustainability, leveraging its expertise to foster growth in innovative enterprises. The team comprises experienced partners, including Joel Aasmäe, Ivar Siimar, Kimmo Irpola, and Taavi Lepmets.

Enterprise Investors, founded in 1990 and based in Warsaw, Poland, is the oldest and one of the largest private equity firms in Central and Eastern Europe. The firm specializes in mid-market succession-driven buyout transactions and provides expansion financing to high-growth companies across various sectors, including consumer goods, retail, financial services, IT, industrial products, business process outsourcing, and healthcare. With a total capital exceeding EUR 2 billion, Enterprise Investors has raised eight funds and has invested EUR 1.7 billion in 137 companies. The firm's focus on medium-sized enterprises positions it as a key player in the region's private equity landscape.

SEAF is a global investment firm that specializes in providing growth capital and operational support to businesses in emerging markets, particularly those underserved by traditional financial sources. Established in 1989 in Washington, D.C., as a subsidiary of the development organization CARE, SEAF focuses on investing in locally owned enterprises with significant growth potential. The firm operates in 18 countries, with a strong presence in Central and Eastern Europe, as well as fund operations in Asia and Latin America. SEAF employs a strategy of making structured debt and equity investments while actively partnering with entrepreneurs to enhance their business capabilities. Its investment approach emphasizes economic development, diversity, inclusion, and measurable impacts in local communities, targeting sectors such as tourism, education, logistics, healthcare, and technology. SEAF aims to create attractive returns for its investors while fostering sustainable growth in the regions it serves.

Telekom Slovenije is a telecommunications operator based in Slovenia, established in 1995. The company provides a wide range of communications services, including fixed and mobile communication, digital and television content, multimedia services, and digital advertising. Additionally, Telekom Slovenije engages in the construction and maintenance of telecommunication networks, as well as offering system integration and cloud computing services. While the majority of its revenue is generated from operations in Slovenia, the company also maintains a presence in several other countries, including Kosovo, Bosnia and Herzegovina, Croatia, and Serbia.

Belje is a Croatian company engaged in the agricultural sector, focusing on the production of high-quality, locally sourced products from its fields, vineyards, and farms. The company specializes in various areas, including agriculture, piglet and milk cattle breeding, viticulture, and crop cultivation. Belje's commitment to providing consumers with authentic, autochthonous products is evident in its diverse agricultural activities. Additionally, the company offers an online inquiry form on its website, facilitating customer engagement and inquiries about its offerings.

Capital Genetics is a privately-owned financial advisory firm established in 2012 and based in Ljubljana, Slovenia. The firm specializes in various services, including corporate finance, growth capital, mergers and acquisitions, private equity, and real estate valuation. Additionally, Capital Genetics engages in debt arrangements, mezzanine financing, and acquisition financing. The firm is also involved in co-investing in early-phase companies alongside its partners, demonstrating its commitment to fostering growth in emerging businesses.

MSIN Group, founded in 2002 and based in Ljubljana, Slovenia, is a private equity firm focused on investing in mid-sized Slovenian companies across various sectors. The firm targets industries such as proprietary technologies, security printing and packaging, traffic management, microelectronics, alternative energies, sustainable food and agriculture, as well as mining and quarrying. Additionally, MSIN aims to invest in commercial real estate, including parking spaces and warehouses. The company supports its portfolio through expert guidance in restructuring, optimization, and business development, enabling firms to achieve faster growth, enhance competitiveness, and improve operational transparency.

Credo Ventures is a venture capital firm based in Prague, Czech Republic, founded in 2010. It specializes in early-stage investments, primarily targeting companies in Central and Eastern Europe, particularly in the Czech Republic and Slovakia. The firm focuses on sectors including information technology, software, internet, mobile, and healthcare. Within these sectors, it invests in various areas such as SaaS, business intelligence, media, social networking, diagnostics, and medical devices. Credo Ventures typically invests between €0.1 million and €2.7 million in its portfolio companies and seeks to support high-growth potential businesses with international aspirations. The firm's mission includes aiding these companies in their growth plans and facilitating their expansion into global markets.

AlpVent is a Swiss investment company based in Zug that specializes in supporting promising start-ups. Founded in 2016, the firm leverages 25 years of entrepreneurial experience to understand and address the needs of entrepreneurs. AlpVent provides not only investment capital but also management consulting services, offering what is often referred to as "smart money" support. Recognizing that many founders excel in product development but struggle with promotion, AlpVent has created a dedicated sales department. This team offers sales analyses and consulting services, and can even act as an agent or distributor for start-ups. Their services are tailored for the competitive German-speaking markets and South-Eastern Europe, including Germany, Switzerland, Austria, Slovenia, and Croatia. The firm focuses on investments in sectors such as transportation, commercial products, software, and manufacturing.

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.

Nevsun Resources Ltd. is a mining company engaged in the exploration and development of mineral properties in Europe, Africa, and North America, focusing primarily on gold, copper, zinc, and silver deposits. Its key assets include the Timok project, a copper-gold development project in Serbia, and the Bisha copper-zinc mine in Eritrea, which has transitioned to commercial production of gold and silver. Additionally, the company holds exploration licenses in Serbia and Macedonia, as well as in the Bisha mining district. Founded in 1965 and headquartered in Vancouver, Canada, Nevsun operates as a subsidiary of Zijin Mining Group Company Limited. The company is committed to sustainable development, emphasizing safety, human rights, integrity, and community support in its operations. Through its initiatives, Nevsun aims to create long-term benefits for communities and maximize shareholder value.

HTEC Group is a technology consulting and engineering services firm based in San Francisco, with additional offices in Serbia, Scandinavia, and the UK. The company employs over 300 engineers and technology experts who specialize in product development, hardware engineering, data science, artificial intelligence, and scalable cloud solutions. HTEC Group focuses on assisting clients with their digital transformation strategies, offering services that include product discovery, design, technology advisory, and operational support. By partnering with both established corporations and innovative startups, HTEC aims to deliver integrated technological solutions that enhance business processes and facilitate the development of new products and services. The company serves a variety of industries, such as healthcare, transportation, real estate, retail, energy management, and robotics, contributing to products that impact millions globally.

Manufacturer of tobacco products based in Sarajevo, Bosnia-Herzegovina. The company's products include cigarettes, cigars and tobacco materials and offers tobacco blends, filter production and supply chain consulting services.

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.

212 Limited is a venture capital firm established in 2011 and based in Luxembourg City, Luxembourg. The firm specializes in start-up to late venture investments, primarily focusing on internet, communication, and technology sectors, including software, social gaming, eCommerce, mobile applications, social media, and cloud services. It targets investment opportunities in Turkey, the Central and Eastern European (CEE) region, and the Middle East and North Africa (MENA) region. 212 Limited typically invests between $0.5 million and $3 million in portfolio companies and generally prefers to acquire minority stakes. The firm is driven by a vision to cultivate a robust ecosystem in Turkey and its surrounding areas, leveraging the diverse expertise of its team members.

Central Asia Metals is a mining and exploration company focused on base metals production. It operates copper facilities in Kazakhstan and a zinc and lead mine in North Macedonia. The primary operating segments include Kounrad, which primarily produces copper cathode, and Sasa, which focuses on zinc and lead concentrate. Kounrad generates the majority of the company's revenue and distributes its copper products through an off-take agreement with Traxys. Similarly, Sasa sells its zinc and lead concentrates to two European smelters under a separate off-take arrangement. Overall, the company derives most of its revenue from its operations in Kazakhstan.

Innovation Nest is a venture capital firm established in 2010 and headquartered in Kraków, Poland. The firm specializes in investing in early-stage B2B SaaS startups across Europe, focusing on helping these companies scale from local to global markets. Innovation Nest leverages its extensive network and in-house expertise to support high-tech firms in accelerating their growth. The company advocates for its portfolio startups to establish a presence in Silicon Valley, viewing it as a critical pathway for achieving significant expansion.

Rockaway Capital is a venture capital investment firm established in 2013 and based in Prague, Czech Republic. It focuses on multi-stage investments primarily in sectors such as e-commerce, e-travel, media, fintech, and blockchain. The firm's operations extend across the DACH, CEE, and Balkans regions, targeting opportunities that leverage new technologies to disrupt traditional business models. Rockaway Capital actively engages with its portfolio companies, contributing expertise and management support to drive growth. As of 2019, the firms under its management generated aggregated sales exceeding EUR 2.5 billion and employed over five thousand people across 17 European countries. The firm also manages a venture capital fund that seeks ESG investments and typically invests around EUR 15 million in various projects across several European nations.

Elements Capital Partners is a private equity investment firm founded in 2010 and based in Nicosia, Cyprus. The firm specializes in a range of financial services, including private equity investments, debt restructuring, investor placement, and execution services. Through its diverse offerings, Elements Capital Partners aims to provide strategic financial solutions to its clients, facilitating growth and enhancing value in various investment opportunities.

MBB SE is a private equity firm and family business based in Berlin, Germany, specializing in acquisitions, company successions, and growth capital investments. Founded in 1995, MBB focuses on small and medium-sized enterprises, particularly in the sectors of special machinery manufacturing, automation for the automotive industry, e-mobility, and IT services with an emphasis on network security. The firm operates through three main segments: technological applications, consumer goods, and service & infrastructure. The technological applications segment develops specialized machines and automated production lines, while the consumer goods segment produces a variety of tissue products and mattresses. The service & infrastructure segment provides IT security and cloud services and is involved in pipeline and plant construction. MBB typically seeks to invest in companies with an enterprise value of up to EUR 100 million and sales of at least EUR 20 million, focusing primarily on the NAFTA and DACH regions. The firm aims to acquire majority stakes in its investments.

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.

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.

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.

Profimedia is the largest photo bank in Central Europe, established in 2000 and headquartered in the Czech Republic. The company operates across multiple countries, including Slovakia, Hungary, Slovenia, Croatia, Serbia, Bulgaria, Ukraine, and Romania. Profimedia offers a diverse collection of over 100 million images, selling more than 20,000 photos each month. It provides licensing for photographs taken by various photographers worldwide, catering primarily to media houses, advertising agencies, and graphic studios. The images cover a wide range of categories, including news, celebrities, fashion, food, garden, portraits, and paparazzi, enabling clients to utilize them across magazines, newspapers, websites, advertisements, and television.

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.

Truffle Capital S.A.S. is an independent venture capital and private equity firm based in Paris, France, founded in 2001. The firm specializes in investing in early-stage to late-stage companies, with a focus on disruptive technologies within the Information Technology and Life Sciences sectors. Truffle Capital targets investments in areas such as fintech, insurtech, cybersecurity, and biotechnology, including medical devices and therapeutic drugs. The firm primarily invests in European companies while also exploring opportunities in high-growth markets in North Africa, the Middle East, India, and Brazil, particularly in the information technology sector. Typical investments range from €0.25 million to €80 million, with a preference for companies generating revenues between €0.1 million and €100 million. Truffle Capital aims to support innovative firms with the potential to become market leaders, often taking minority or majority stakes and participating actively in governance. The firm has raised over $1 billion and has backed more than 75 companies since its inception.

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.

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.

Innova Capital Sp. z o.o., founded in 1994 and headquartered in Warsaw, Poland, is a private equity firm that focuses on mid-market investments across Central Europe. The firm specializes in growth capital, buyouts, and corporate spin-offs, primarily targeting mature companies with enterprise values between €50 million and €125 million. Innova Capital seeks investments in various sectors, including financial services, business services, technology, manufacturing, consumer products, healthcare, and telecommunications. It typically invests between €5 million and €75 million and aims for both majority and minority stakes in its portfolio companies. The firm prefers to invest over a three to five-year horizon, with exit strategies including sales to strategic investors or public offerings. With a strong regional focus, Innova Capital has invested nearly €500 million in 40 companies across Central and Eastern Europe, emphasizing markets such as Poland, Slovakia, Hungary, and Romania.

PPHE Hotel Group Limited is a hospitality company founded in 1989 and based in Amsterdam, Netherlands. It owns, develops, leases, operates, and franchises upscale and lifestyle hotels across several countries, including the Netherlands, Germany, Hungary, Croatia, and the United Kingdom. The company operates under various brands, such as Park Plaza, art’otel, and Arena Campsites, managing a total of 38 hotels and resorts with approximately 8,800 rooms, alongside 8 campsites offering about 6,000 units. PPHE Hotel Group has a diversified portfolio and a strategic development pipeline that includes new hotel projects primarily in London. Its operations encompass not only hotel management but also restaurants, bars, and spa services. The company emphasizes a multi-brand strategy, which allows it to cater to different market segments effectively. By integrating hotel ownership and management, PPHE aims to optimize performance and mitigate risks while providing guests with a high-quality experience marked by excellent service.

Cogito Capital Partners is a venture capital firm established in 2018, with headquarters in Warsaw, Poland, and additional offices in Luxembourg, New York, and Berlin. The firm specializes in providing growth and late-stage venture capital to emerging technology companies, primarily focusing on B2B sectors such as enterprise software, fintech, insurtech, and mobility. Cogito aims to invest in companies that demonstrate potential for global expansion, particularly in the Central and Eastern European markets as well as the United States. The firm typically acquires minority stakes in its portfolio companies, partnering with entrepreneurs who seek strategic investors with regional presence and global reach.

Zühlke Ventures AG is the venture capital arm of Zühlke Technology Group AG, based in Zurich, Switzerland, with an additional office in Porto, Portugal. Established in 2011, it specializes in financing early-stage start-ups and providing growth capital, primarily in the healthtech, technology, and medical devices sectors. The firm focuses on investments in Switzerland, the United States, and German-speaking Europe, including Austria and Germany. Zühlke Ventures typically invests between CHF0.5 million and CHF1 million in companies with an enterprise value ranging from CHF0.5 million to CHF5 million. Acting as both investors and co-entrepreneurs, they hold minority stakes and invest from their own capital, aiming for exits within six to ten years through trade sales. Zühlke has a long history, having been founded in 1968, and operates local teams across several countries, facilitating the entire business innovation process from idea to market success.

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.

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.

Conduit Ventures is a London-based private equity firm established in 2001 that specializes in impact investments within the energy, renewable, and technology sectors. The firm targets opportunities in North America, Europe, Asia-Pacific, the Middle East, and Africa, focusing on companies that address the growing demand for reliable, cost-efficient, and environmentally sustainable solutions for energy and water. Conduit Ventures recognizes the increasing pressures on water supplies due to urbanization and climate change, prompting businesses and governments to adopt strategic approaches to water management. By investing in critical points along the value chain, the firm aims to leverage its extensive experience and network to deploy innovative technologies that enhance energy efficiency and provide low-carbon alternatives. Through collaboration with strategic partners, Conduit Ventures seeks to generate significant benefits from advancements in these sectors, aligning with the evolving landscape of energy and water management to meet global demand.

EBRD Venture Capital Investment Program is the venture capital arm of the European Bank for Reconstruction and Development, established in 1991 and based in London. The program focuses on investing in early and growth stage companies, primarily within the technology sector. It targets firms located in Central, Southeastern, and Eastern Europe, as well as Central Asia and the Southern and Eastern Mediterranean. Through its investments, EBRD aims to support the development of innovative businesses in these regions, fostering economic growth and technological advancement.

Core Equity Holdings is a private equity investment firm established in 2015 and headquartered in Brussels, Belgium. The firm focuses on making long-term investments in the retail and commercial services sectors across Europe. By targeting these industries, Core Equity Holdings aims to identify growth opportunities and generate sustainable returns for its investors.

Viaduct Ventures is a venture capital firm established in 2017 and located in Menlo Park, California. The firm focuses on early-stage investments in technology startups, particularly those that operate within the big data, internet of things, fintech, and digital health sectors. Viaduct Ventures seeks to support companies that function as data refineries, providing actionable intelligence to empower businesses. With a preference for investments in European and Silicon Valley-based companies, Viaduct Ventures aims to foster innovation and growth in its target industries.

Vaaka Partners Oy is a Finnish private equity firm established in 1989, based in Helsinki. The firm specializes in mid-market investments, focusing on small and lower mid-market buyouts as well as growth capital, venture capital, and mezzanine financing. Vaaka Partners targets consumer and technology companies across Europe, with a particular emphasis on sectors such as healthcare, software as a service (SaaS), manufacturing, information technology, and business products and services. Through its diverse investment strategies, the firm aims to support the growth and development of its portfolio companies.

Riflebird Capital is a venture capital and private equity firm based in Leuven, Belgium, specializing in special situations investments within the industrial B2B sector. Established in 2016, the firm primarily targets companies located in Central and Northern Europe, particularly in the Benelux region and Germany. Riflebird Capital typically invests in businesses with an enterprise value ranging from €10 million to €100 million and a turnover between €20 million and €200 million. The firm seeks to acquire full ownership or control of its portfolio companies, allowing for a focused investment approach that aligns with its strategic goals.

ESPIRA Fund I is a private equity growth expansion fund managed by ESPIRA Investments, a Prague-based investment firm established in 2016. The fund focuses on early-stage and mid-market investments in small and medium-sized enterprises across Central and Eastern Europe, specifically targeting the consumer durable, service, and manufacturing sectors. With investments ranging from EUR 1 to EUR 3 million per company, ESPIRA Fund I aims to partner with high-potential businesses and their owners to accelerate growth and enhance market share. The firm emphasizes impact investing, prioritizing companies that aim for positive social and environmental outcomes. By combining capital infusion with strategic expertise from a network of experienced professionals, ESPIRA fosters transparent collaborations that respect each company's unique culture and values.