As one of the largest and most active venture capital fund partners in Central and Eastern Europe our mission is to create new ways of equity funding for innovative small and medium-sized enterprises with high growth potential as well as more traditional businesses for the purpose of establishing a sustainable and competitive SME and enterprise ecosystem both in Hungary and in the region

Bonitás is more than an investor. Our team helps the brave founders to pursue their dreams and build extraordinary companies. We push because we respect. Partnering with Bonitás, founders can benefit from our unmatched network and gain experience in management support. Bonitás is proud that our backed companies also propel great causes.

PortfoLion is a Budapest-based venture capital and private equity fund management firm established in 2010. The firm specializes in investing in companies within the IT sector and those involved in the digitalization of traditional industries, focusing on scalable business models and growth potential in Central and Eastern Europe (CEE). One of its notable initiatives includes the PortfoLion Regional Private Equity Fund, launched in 2012, which aimed at growth and expansion opportunities in Eastern Europe, with a minimum investment threshold set at HUF 150 million. Through its strategic investments, PortfoLion seeks to support innovative companies that can thrive in the evolving market landscape.

Day One Capital is a venture capital firm based in Budapest, Hungary, founded in 2011. It specializes in early-stage investments, focusing on technology start-ups and entrepreneurs primarily from Central Eastern Europe. The firm manages privately financed funds and aims to identify and collaborate with promising teams that are pursuing global opportunities, particularly in the business-to-business software sector. Through its investments, Day One Capital seeks to support innovation and growth within the region's technology landscape.

OTP Fund Management Ltd is a privately owned investment manager. The firm provides its services to individual and institutional investors. It also caters to pension funds, societies, healthcare funds, and insurance companies. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It also launches and manages hedge funds for its clients. The firm invests in the public equity markets. It was founded in July 1993 and is based in Budapest, Hungary. OTP Fund Management Ltd operates as a subsidiary of OTP Bank Plc.

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.

Solus II is a venture capital fund established in 2020 and managed by Solus Capital, which is based in Budapest, Hungary. The fund focuses on investing in various sectors, including education technology, healthcare, agriculture technology, and information technology, with an emphasis on cybersecurity. Solus II aims to support early-stage and growth companies by providing loans ranging from HUF 10 million to HUF 500 million. The firm is dedicated to fostering innovation and development within these industries in Hungary.

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.

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.

Euroventures is a Budapest-based private equity and venture capital firm established in 1989, recognized as one of the leading independent firms in Central Europe. With a focus on funding innovation and growth, Euroventures has advised on investment programs totaling over €180 million, targeting early-stage technology companies across various sectors, including medical technology, big data, security, and the Internet of Things. The firm has a solid track record of facilitating successful exits for its portfolio companies, including initial public offerings and trade sales to international corporations. Euroventures boasts nearly 50 current and former portfolio companies, demonstrating its commitment to providing consistent support throughout economic cycles. The firm is a founding member of the Hungarian Venture Capital Association and adheres to the principles and guidelines set forth by Invest Europe, ensuring high standards in governance and reporting. With a team possessing extensive experience in private equity and venture capital, Euroventures continues to play a significant role in fostering innovation and growth in Hungary and the broader Central European region.

Credo Ventures is a venture capital firm based in Prague, specializing in early-stage investments, primarily targeting companies in Central and Eastern Europe, particularly the Czech Republic and Slovakia. Founded in 2009, the firm focuses on sectors such as information technology, software, Internet, mobile, and healthcare. Credo Ventures seeks to identify high-growth potential companies that possess international ambitions and the capability to execute their business plans. The firm typically invests between €0.1 million and €2.7 million per company, supporting their growth objectives, including expansion into global markets. By concentrating on innovative sectors, Credo Ventures aims to back promising startups and contribute to their development and success.

InReach Ventures is an early-stage venture capital fund based in London, United Kingdom, focused on investing in Europe. The firm aims to enhance early-stage investment through the development and application of proprietary software, which seeks to create a new investment model that aligns the interests of investors and entrepreneurs. InReach Ventures primarily targets sectors such as information technology, artificial intelligence, and machine learning, with investment amounts typically ranging from EUR 0.5 million to EUR 2 million.

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.

Invest AG is the private equity and venture capital arm of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft, specializing in investments in small and medium-sized enterprises. Established in 1994 and headquartered in Linz, Austria, the firm manages a portfolio of approximately 180 million euros, focusing on expansion and growth financing, management buyouts, and other financial strategies, while avoiding investments in tourism and restructuring. It generally invests between 1.5 million and 15 million euros, seeking a stake of no more than 49 percent in the companies it supports. The firm operates primarily in southern Germany, Austria, and Switzerland, with a particular emphasis on the Upper Austrian region for young entrepreneurs. Invest AG has invested in over 140 companies across various sectors and aims to exit its investments through methods such as IPOs and trade sales. The firm prides itself on providing long-term stability and expertise to its partners, assisting them in operational, commercial, and strategic matters.

X-Ventures is a venture capital firm based in Budapest, Hungary, founded in 2008. It specializes in seed and growth capital investments in small and medium-sized enterprises, particularly in the healthcare, logistics, electronics, information technology, and biotechnology sectors. The firm primarily targets startups and companies at various stages of development, with a focus on those generating annual revenues between HUF 1 billion and HUF 2 billion. X-Ventures invests between $0.2 million and $5 million, aiming to acquire over 50 percent of the stakes in the companies, although it may accept minority stakes under certain conditions. The firm does not invest in real estate development, financial services, or mining, nor in companies established more than five years prior to investment. X-Ventures supports its portfolio companies with capital as well as professional guidance and a network of contacts, facilitating their growth and business potential. The firm seeks to exit investments through share sales, but does not support redemption of shares by the companies themselves.

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

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.

PortfoLion Ltd. is a private equity and venture capital arm of OTP Bank Plc specializing in start-up and early venture investments. It considers investments in biotechnology, alternative energy resources, and information technology security sector. The firm prefers to invest in companies operating or based in Hungary. It seeks to invest between HUF 100 million ($0.52 million) and HUF 400 million ($2.06 million) in companies having enterprise value between HUF 300 million ($1.55 million) and HUF 2000 million ($10.32 million), sales value between HUF 100 million (0.52 million) and HUF 1500 million (7.74 million), and EBITDA between HUF 50 million (0.26 million) and HUF 500 million ($2.58 million). The firm seeks to exit its investments between three years and five years through a trade sale to another company or through an MBO. PortfoLion Ltd. was founded in 2008 and is headquartered in Budapest, Hungary with an additional office in Szombathely, Hungary.

The DBH Group operates a comprehensive business infrastructure (serviced offices, serviced industrial facilities, IT) and professional consultants (finance, taxation, IT, project management and IT) in Central and Eastern Europe (in Austria, the Czech Republic, Croatia, Poland, Romania, Slovakia and Slovenia). DBH’s goal is to assist companies in domestic and regional expansion while helping them optimize their operations. Their services allow their partners to concentrate on their core business activity while their experts with local knowledge and international experience and their modern business infrastructure ensure the ideal business environment for them. They provide what their customers demand; outfitted offices, customized industrial environment, IT infrastructure, local tax experts, administrative experts and secretarial services.

ARX Equity Partners is a private equity firm based in Prague, Czech Republic, with additional offices in Budapest, Hungary, and Warsaw, Poland. Established in 1996, the firm focuses on mid-market investment opportunities in Central and Eastern Europe, particularly in countries such as Hungary, Bulgaria, and Romania. ARX specializes in expansion financing, management buyouts, acquisitions, and growth capital, targeting later-stage companies in sectors including consumer goods, healthcare, financial services, and specialized manufacturing. The firm typically invests between €3 million and €15 million in companies with a minimum EBITDA of €1 million. ARX aims for investments in management or family-owned enterprises and prefers to exit through trade sales within three to six years, holding both majority and minority stakes in its portfolio companies.

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.

IMMOFINANZ AG is a real estate company headquartered in Vienna, Austria, specializing in the acquisition, development, ownership, rental, and management of properties across eight core European markets, including Austria, Germany, Poland, the Czech Republic, Slovakia, Romania, and Hungary. The company focuses primarily on the retail and office segments, managing its properties under various brands such as myhive for office spaces, STOP SHOP for retail parks, and VIVO! for shopping centers. As of recent assessments, IMMOFINANZ's real estate portfolio is valued at approximately EUR 5.8 billion, encompassing over 380 properties. The firm has been recognized for its stable and risk-optimized approach to real estate management since its founding in 1990.

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.

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.

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.

212 Limited is a venture capital firm based in Luxembourg City, established in 2011. The firm specializes in early to late-stage investments in internet, communication, and technology sectors, with a particular emphasis on software, social gaming, eCommerce, mobile applications, social media, and cloud computing. 212 Limited primarily targets investment opportunities in Turkey, the Central and Eastern Europe (CEE) region, and the Middle East (MENA). The firm typically invests between $0.5 million and $3 million in its portfolio companies, generally preferring to acquire minority stakes. Founded by a team of experienced professionals, 212 aims to cultivate a robust entrepreneurial ecosystem within its focus regions, leveraging their diverse backgrounds in both global corporations and startups to drive strategic growth and operational success.

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.

Primus III was an early-stage venture capital fund launched in 2010 by Primus Capital Partners, based in Budapest, Hungary. The fund focused on investing in technology-enabled services, commercial services, and companies within the technology, media, and telecommunications (TMT) sectors. Primus III aimed to support 10 to 12 companies, with a preference for investments of up to EUR 1.5 million. This approach allowed the fund to engage with promising enterprises in Hungary, providing them with the necessary capital to fuel their growth and development. Primus Capital Partners, founded in 2003, has a broader investment strategy that includes sectors such as healthcare, pharmaceuticals, and biotechnology, emphasizing partnerships with innovative companies to realize their business potential.

OTP Bank Nyrt. is a commercial banking institution based in Budapest, Hungary, operating across several countries including Bulgaria, Slovakia, Romania, Croatia, Serbia, Ukraine, and Russia. Established in 1949, the bank offers a comprehensive range of financial services to both private individuals and corporate clients. Its retail banking services include various account packages, bankcards, investment accounts, and private banking options, alongside digital banking solutions. For corporate clients, OTP Bank provides services such as cash management, financing options including loans and guarantees, and treasury services. The bank's loan portfolio encompasses corporate, retail, housing, and municipality loans, while its investment portfolio consists of government securities and bonds. OTP Bank operates a substantial network of branches, totaling 1,734, facilitating access to its diverse financial products and services.

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.

Wallis Asset Management Zrt. is a private equity, venture capital, and distressed/vulture firm specializing in investments in seed/start-ups, early stage, mid stage, late stage, growth stage, mature, buyouts, turnarounds, industry consolidation, and middle market financing. The firm prefers to invest in information technology, environmental industry, telecommunication, renewable energy, automotive retail, airport services, marine ports and services, building products with a focus on flooring, media, trading, diversified financials, and real estate companies based in Hungary. It typically invests between HUF100 million $0.44 million and HUF2000 million $8.81 million in companies with enterprise value between HUF150 million $0.66 million and HUF4000 million $17.63 million, maximum sales value of HUF10000 million $44 million, and EBITDA up to HUF1000 million $4.41 million. The firm seeks to invest out of its balance sheet. Wallis Asset Management Zrt. was founded in 1994 and is based in Budapest, Hungary with an additional office in Budapest, Hungary. Wallis Asset Management Zrt. operates as a subsidiary of of Wallis Group.

Tera Ventures OÜ is a venture capital firm founded in 2016 and based in Tallinn, Estonia, with additional offices in Burbank, California, and Helsinki, Finland. The firm specializes in seed and startup stage investments, primarily focusing on the digital sector. Tera Ventures targets exceptional founders in the Baltic, Scandinavian, and Central and Eastern European regions, including countries such as Estonia, Denmark, Sweden, Finland, Latvia, Lithuania, Poland, and the Czech Republic. The firm invests between €0.2 million and €1.5 million per company, with the potential for significant follow-on funding for select investments. Tera Ventures emphasizes providing hands-on support and access to a global advisory network, aiding portfolio companies in scaling and achieving successful exits, while ensuring that management retains a motivating shareholding in their firms.

Rockaway Capital is a multi-stage investment company established in 2013, focusing on private investments in sectors such as e-commerce, e-travel, media, fintech, and blockchain. The firm aims to leverage new technologies and the digital economy to transform traditional business models. With operations spanning the DACH, CEE, and Balkans regions, Rockaway Capital actively engages with its portfolio companies, often participating in their daily management. In 2019, the firms under Rockaway's management reported combined sales exceeding EUR 2.5 billion and employed over five thousand individuals across 17 European countries. Additionally, Rockaway Ventures Fund, a venture capital fund established in 2021 and based in Prague, invests in various countries, including those in Central and Eastern Europe and the Nordic region, with a focus on ESG criteria.

Value4Capital is a private equity firm established in 2011 after spinning out from Amundi Private Equity Funds. The firm specializes in mid-market investments in Central and Eastern European companies, particularly in Poland and other EU member states. With a team of three partners who have collaborated since 2007, Value4Capital leverages their extensive regional experience to target buy-out investments in established businesses. The firm's strategy emphasizes organic growth and subsequent acquisitions to cultivate sector leaders. Value4Capital is an active member of several industry associations, including the European Venture Capital Association and various regional private equity associations, reflecting its commitment to the private equity landscape in the region.

Creandum is a prominent European venture capital firm, established in 2003 and headquartered in Stockholm, with additional offices in California and Berlin. The firm specializes in early-stage and growth-stage investments, primarily targeting innovative technology companies within the consumer, software, and hardware sectors. Over the past decade, Creandum has invested in more than 80 companies, including notable names such as Spotify, iZettle, Small Giant Games, Kry, and Depop. Its focus extends across Western Europe and North America, emphasizing its commitment to fostering fast-growing enterprises in the technology landscape.

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.

Genesis Capital Ltd. is a private equity firm based in Prague, Czech Republic, with an additional office in Bratislava, Slovakia. Founded in 1999, the firm specializes in financing acquisitions, management buyouts, and growth capital for small and medium-sized enterprises with strong growth potential. Genesis Capital primarily focuses on investments in technology, media, telecommunications, and various sectors, excluding real estate, military equipment, adult entertainment, gambling, tobacco products, and spirits. The firm typically invests between €4 million and €12 million per company, with a funding duration of three to seven years. Since its inception, Genesis Capital has managed four funds totaling over 160 million euros, utilizing capital from reputable institutional investors to support the development of businesses in the Czech Republic, Slovakia, Poland, Hungary, and Austria.

Reflex Capital SE is a venture capital firm based in Prague, Czech Republic, with an additional office in San Francisco, California. The firm specializes in seed investments, focusing on early-stage companies. Reflex Capital operates with a unique model where it invests solely its own capital, allowing for swift decision-making without reliance on external partners. The firm's team consists of experienced entrepreneurs who have successfully achieved multiple significant exits, making them particularly founder-friendly. Reflex Capital typically invests between USD 0.25 million and USD 2 million per company, providing essential support to emerging businesses in their early development stages.

BnL Growth Partners is a private equity and smartmoney advisory boutique firm committed to boost innovation in the FinTech sphere by funding and advising companies on product and market growth. The company provides early stage funding of €1–5m and connects innovations with financial technology buyers and technology partners through its extensive EMEA FinTech network.

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.

Avedon Capital Partners is an independent private equity firm based in Amsterdam, with an additional office in Düsseldorf. Established in 2003, the firm focuses on mid-market investments, providing growth capital to small and medium-sized companies in sectors such as technology, industrial, consumer goods, leisure, and business services, particularly in the Benelux and Germany. The team consists of nine investment professionals, a CFO, a legal counsel, and three professional assistants, with the five partners having collaborated since 2004. Avedon Capital Partners has successfully invested in 36 companies across Europe and manages three investment vehicles.

Enterprise Investors is a prominent private equity firm established in 1990, recognized as one of the oldest and largest in Central and Eastern Europe. The firm specializes in mid-market buyout transactions driven by succession planning and provides expansion financing to high-growth enterprises across various sectors. Over its operational history, Enterprise Investors has raised eight funds, accumulating total capital exceeding EUR 2 billion. To date, these funds have made investments totaling EUR 1.7 billion in 137 companies, demonstrating the firm's commitment to fostering growth and development in the region's business landscape.

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.

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.

Core Equity Holdings is an investment firm, based in Brussels, targeting long-term private equity investments in Europe.

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.

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.

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.

Private owned Investment Comany

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.