Morningside Hill Capital Management
Morningside Hill Capital Management is a privately owned investment firm based in Sofia, Bulgaria, employing a value investing approach across venture capital, private equity, hedge funds, and mutual funds. The firm emphasizes rigorous, in-depth fundamental research and focuses on measurable, quantifiable, and monitorable investment factors to achieve long-term investor value. They prioritize a disciplined institutional approach and best practices implementation, enhancing their due diligence with an extensive network of industry professionals, management teams, investors, and other relevant experts. A culture of learning, efficiency, and constant improvement is promoted within the firm. In venture capital, Morningside Hill launched a EUR 38.5 million fund in November 2019 specifically to provide growth capital to Bulgarian startup companies. The fund targets equity (or equivalent) minority positions in 25 to 30 companies, with EUR 33.3 million sourced from public funds managed by the Fund Manager of Financial Instruments in Bulgaria EAD, co-financed by European Structural and Investment Funds for the 2014-2020 programming period. They seek early-stage startups (post-seed) that have a viable, market-validated product or service and are generating initial revenues or are close to doing so. The typical investment holding period is 5-10 years, with exit opportunities evaluated on an ad hoc basis. The investment strategy is sector agnostic but prioritizes companies with significant operations in Bulgaria (generating at least 50% of revenue, having at least 50% of staff, or holding at least 50% of assets in a Bulgarian subsidiary). They look for exceptional management teams with ideas addressing specific market needs, products or services with a substantial total addressable market, international competitiveness or defensible local advantages, realistic growth potential, a measurable competitive advantage, solid cost control, innovative approaches, operational transparency, a viable exit strategy, and adequate valuation.
Neo Founders
Neo Founders is an exclusive network of serial entrepreneurs and early-stage investors focused on backing ambitious founders and helping them build market-leading companies. They operate as a club deal, mobilizing expert capital and networks. The firm invests in a highly selective portfolio of 15+ promising startups each year, with a focus on driving growth through go-to-market strategies, HR, CRM, and revenue generation support. Their objective is to prepare founders for subsequent fundraising rounds, attracting Tier-1 investors and achieving successful scale globally. Neo Founders provide access to non-dilutive financing and lead exclusive club deals. The firm supports future fundraising rounds from strategy to execution, provides board seat opportunities to actively accelerate the business and offer high-value, qualified business introductions to drive strategic partnerships and revenue. The firm aids talent acquisition, including direct access to top candidates through school partnerships, alumni network, and targeted talent sourcing. Giving back is also a core value, with 10% of the added-values generated will be donated to a foundation. The firm aims to turn ambition into results by providing funding, growth strategies and talent. Neo Founders focuses on building lasting relationships and supporting founders throughout their journey.
Newion
Newion is a venture capital firm that invests in early-stage and expansion-stage technology companies, focusing exclusively on innovative business software. They typically participate in seed rounds or Series A rounds, providing capital and support to help companies scale and achieve their potential. Their investment approach centers on identifying companies with strong potential to disrupt and transform the business software landscape. Newion looks for companies that address significant market needs with innovative solutions. They seek out businesses with strong founding teams, scalable business models, and a clear path to sustainable growth. The firm's focus on business software allows them to develop deep expertise in the sector and provide valuable insights and support to their portfolio companies. Newion's portfolio demonstrates a focus on B2B solutions, spanning areas such as content management, delivery service integration, business intelligence, telecom solutions, marketing & sales enablement, TV app development, food management platform, and insurance policy administration systems. The firm has a history of successful exits, including companies acquired by larger entities like ServiceNow and Amino Technologies.
Newion Partners B.V.
Newion Partners B.V. is a venture capital firm that invests in early-stage and expansion-stage technology companies, exclusively focusing on innovative business software. They typically participate in seed rounds or A-rounds. The firm aims to partner with companies that have the potential to disrupt traditional industries through technological innovation.
Next Road Ventures
Next Road Ventures is a VC fund backed by global business angels, focusing on European early-stage SaaS startups and marketplaces. They provide smart capital, resources, and a network to fuel the growth of their portfolio companies, helping them expand to new markets. The firm looks for committed entrepreneurs with scalable businesses who are willing to build global businesses. Next Road Ventures invests in companies that have a product on the market (at least MVP/beta) and are generating early revenues. Their investment process includes pitching, analysis, negotiations, and investment.
Next12
Next12 focuses on restructuring global innovation and growth by supporting founders at every stage of their journey. They offer a suite of programs, from idea validation in the Ignite program to market expansion through their post-Ignite hubs. Their approach emphasizes mentorship from experienced professionals who have successfully scaled global products, coupled with access to a network of investors aligned with their mission. Furthermore, Next12 prioritizes the holistic well-being of entrepreneurs by offering curated wellness, nutrition, and family health programs, ensuring peak productivity and a healthy work-life balance. The ultimate goal is to provide the framework and expertise needed to help startups expand into international markets with confidence.
Nina Capital
Nina Capital is a venture capital firm specializing in health tech investments. They focus on companies at the intersection of healthcare and information technology, led by need-driven founders. Their investment strategy centers around healthcare transformation, powered by data and computation. They believe in supporting companies that create solutions to improve healthcare organizations and medical devices intended for diagnosis, cure, mitigation, prevention, or treatment of a disease. The firm operates with a pan-European, United States, Israel, Canada, and Australia focus, targeting pre-seed to seed+ stage companies. They specifically exclude investments in drugs and vaccines, focusing on healthcare tools and medical devices.
No Label Ventures
No Label Ventures focuses on backing immigrant entrepreneurs building companies in Europe from day one. The firm believes that the act of immigration itself is inherently entrepreneurial, requiring individuals to take risks, rebuild their lives, and bet on themselves. Immigrants possess unique advantages, including humility, determination, and the ability to ignore societal labels. Recognizing the significant contribution of immigrants to unicorn companies in the US and UK, No Label aims to identify and support this talent early, before it gains mainstream recognition. They aim to be the first institutional capital for immigrant founders.
NovaCapital
NovaCapital is a holding company led by entrepreneurs and managers, focusing on investments in the intersection of entrepreneurship and innovation. They prioritize people, believing they are the source of ideas and new ventures. The firm targets sectors that are innovative and sustainable in the long term, specifically Bio- Green- Health- Fin-Deep-Tech, New Space, and Smart Urban Development, with investments in Europe and the USA. Their vision centers on the synthesis of technology and humanity, aiming to improve both, creating success for entrepreneurs and a better life for everyone. They look for "innovations 10x", ideas that are ten times better than existing solutions. NovaCapital builds financial relationships on trust and shared ethical and professional values. They offer international and managerial experience to transform innovative startups and established companies into structured organizations with managerial expertise and an international network. They support courageous entrepreneurs in their growth journey by providing access to their high-profile international network and creating industrial synergies and successful networks. Their ambition is to build a stable of successful companies and create a better future. They invest in new ideas to support startups and entrepreneurs from seed to IPO, combining venture capital with a long-term vision based on 90 years of innovation. NovaCapital supports established companies seeking to reach the next level by providing growth capital, industrial planning, experience and dedicated operational support. They operate with the respect for the entrepreneur that only other entrepreneurs can offer, prioritizing the entrepreneur, eschewing the constraints of time that Private Equity often entails, and focusing on long-term value creation.
OSS Ventures
OSS Ventures focuses on "industrializing discovery" by building and investing in startups solving large-scale problems within the industrial sector. They act as a co-founder in the earliest stages, providing scientific rigor to the chaotic initial phase of company building. Their approach centers around deep partnerships with leading industry operators and exceptional founders, creating a win-win-win scenario where industry partners access innovative solutions, founders receive crucial support, and society benefits from increased talent allocation to vital areas. OSS aims to bring new weapons, sharper tactics, and the grit to see it through for their industry partners.
Overkill Ventures
Overkill Ventures backed pre-seed and seed stage startups primarily in the Baltics, Nordics, CEE, and CIS regions. While Overkill Ventures itself is not currently making new investments, it directs startups to its sister funds Accelerace (Copenhagen based, for pre-seed stage startups from the Nordics or Baltics) and New Nordic Ventures (for seed stage B2B software startups from the CIS or CEE region). The firm has invested in 38 pre-seed startups and has had multiple exits, suggesting a focus on early-stage companies with high growth potential in the identified geographies.
Pathfinder Investor
Pathfinder Investor invests in high-potential startups in pre-seed and seed stages, reducing risk through continuous coaching and leveraging the team's professional and managerial expertise. The firm operates as a Club Deal, combining resources and experience from a diverse group of professionals, investors, and business angels.
Peak Pride
Peak Pride functions as the investment and portfolio management specialist of the Haselsteiner Family Private Foundation, with a particular emphasis on early-stage investments. Their aim is to unite innovation with traditional values, they are committed to identifying and supporting start-ups with the potential to effect sustainable changes in their markets. By combining capital provision with strategic advice, Peak Pride strives not only for financial success but also for a positive societal contribution. Integrity, sustainability, and the promotion of innovation are at the heart of their investment philosophy, relying on thorough analysis and assessment to create long-term value in line with the principles of the Haselsteiner Family Private Foundation. Peak Pride enables innovation through successful investments, uniting various strengths. They focus on recognizing potentials, fostering collaboration, acting flexibly, and achieving goals with a clear orientation. They see themselves as close partners of start-ups and support them with economic and industry-specific expertise, acting as door-openers in various networks. Transparency and solution-orientation are the cornerstones of their cooperation.
Peregrinevc
Peregrine Ventures is a dedicated healthcare fund based in Israel, committed to improving patients' quality of life by investing in and supporting life-changing healthcare opportunities. They bring together deep industry knowledge and a synergetic strategy, allowing their investment professionals to support portfolio companies in developing meaningful breakthroughs in healthcare. Peregrine operates as a multidisciplinary powerhouse, offering scientific creativity and execution of business, regulatory, and investment strategies for life science companies across various stages, from seed to advanced growth. The firm works closely with entrepreneurs and industry partners to provide the knowledge and tools necessary to bring groundbreaking medical technologies to market. Peregrine's investment strategy involves providing support to companies at every stage of their lifecycle. This includes early and mid-stage funds, an 'Incentive' Incubator for pre-seed and seed companies, and Peregrine Growth, a fund focused on more mature companies in their late-stage financing rounds before M&A or IPO. Their commitment to identifying, funding, and partnering with entrepreneurs aims to generate outstanding results in the healthcare sector.
Pi Campus
Pi Campus is a venture capital firm that invests in AI-applied startups worldwide, with a particular focus on Italy. They look for entrepreneurs who are defining new patterns and do not fit the stereotypes of successful people. Pi Campus seeks to fund companies that apply AI to solve big problems in slow-moving industries, taking on these industries with state-of-the-art technologies. They aim to provide startups with the best possible international work environment to grow, offering workspace and mentorship. The firm was established with profits from the founders' previous businesses, including Translated, a translation service that pioneered AI use for translators. Pi Campus has a close relationship with Y Combinator, with Michael Seibel (YC CEO) providing initial guidance. They actively seek input from experienced venture capitalists and angel investors to refine their investment approach. Pi Campus invests primarily in early-stage startups, typically providing seed funding up to €500k. They emphasize the importance of design and emotion in tech products and maintain a lean team supported by a network of innovators, entrepreneurs, and creatives. Pi Campus also runs a School of AI, training engineers to work on real-world problems provided by tech companies and startups.
Pitango Venture Capital
Pitango Venture Capital focuses on building bold companies by backing founders who are turning ambition into real-world change. They emphasize technology-driven businesses and prioritize the human element in their investments. Their approach includes spotting category-defining architectures early on and supporting companies from seed to IPO. The firm leverages its experience and network to connect portfolio companies to customers, partners, and seasoned leaders. Pitango aims to form enduring partnerships with entrepreneurs who are shaping industries and redefining possibilities, offering strategic advice and support throughout their journey.
Playfair Capital
Playfair Capital invests exclusively at the pre-seed stage in the UK and Europe. They aim to provide an 'unfair advantage' to founders, supporting them from the earliest stages to Series A and beyond. Their investment strategy is sector-agnostic but leans towards contrarian approaches. They seek visionary founders with 'hustle, heart, and humility' who are building durable foundations for growth. Playfair prides itself on offering more than just capital, providing significant support and emotional intelligence to their portfolio companies. They also have a strong focus on addressing the gender imbalance in venture capital through initiatives like their female founder network.
Possible Ventures
Possible Ventures invests in early-stage companies focused on solving the world's most pressing challenges. Their investment strategy centers around backing founders working on solutions across climate, energy, health, and society. They seek sustainable initiatives like carbon capture, energy transition, food & agriculture, and new materials, as well as circular economy and space exploration for alternative resources. In health, they target new tools and models for drug discovery and precision medicine, aiming to improve health and longevity. For society, they invest in AI-supported software tools, financial inclusion, and upskilling initiatives to boost productivity and create a more equitable future. The firm looks for frontier technologies in deep tech, life sciences, and software platforms that are unlocking unprecedented innovation. They emphasize the convergence of diverse disciplines, such as science, engineering, and entrepreneurship, believing that interdisciplinary teams drive breakthrough ideas and solutions. This can happen anywhere, and they are open to exploring new regions and building relationships with entrepreneurs and investors globally. Possible Ventures focuses on pre-seed and seed rounds, providing support to startups at the early stages of their development. They may also consider later-stage companies demonstrating strong growth potential and alignment with their investment strategy. They are relentlessly optimistic, choosing to focus on possibilities rather than risks, with a commitment to harnessing technology as a force for good to improve the lives of future generations.
Ragnarson
Ragnarson invests in pre-seed and seed-stage climate tech startups, aiming to partner with entrepreneurs who are striving to improve sustainability, fight climate change, or reduce socio-economic inequalities. They provide not only capital but also software development services, leveraging their expertise in strategic consulting and high-quality code development to help startups build and polish their MVPs. Ragnarson aims to be a technological and financial partner, deeply understanding the business and assisting with conscious software decisions to fulfill customers' visions of a better future. They look for startups solving significant problems in the economy and society, offering cash, know-how, and software services to those they believe. Their investments reflect a focus on circular economy and sustainability-related ventures, targeting companies addressing challenges from decarbonizing buildings to reducing fashion waste and promoting re-commerce. This suggests a thesis around supporting companies that create positive environmental and social impact through innovative business models and technologies. Ragnarson's approach combines venture investing with software development services, providing a unique value proposition to early-stage startups. This hands-on approach enables them to support their portfolio companies not only financially but also operationally, helping them build and scale their software solutions effectively.
Remote First Capital
Investing in the next generation of remote work tools and global workforce opportunities, backed by a community of remote founders, operators, and early investors. Focuses on first-check investments where they can provide deep expertise or pre-existing relationships.
SEED Capital Denmark
SEED Capital Denmark is a venture capital firm that focuses on backing exceptional Nordic-based founders from the seed stage all the way to exit. They aim to be a long-term partner, providing support beyond just capital. They highlight their strong conversion rate from seed to Series A as a key differentiator, positioning themselves as one of the best-performing funds in Europe. They emphasize building strong relationships with their portfolio companies, acting as a family or extended team that offers strategic guidance, fundraising assistance, legal support, and even informal mentorship.
SFINE - Société de Financement de l Innovation Numérique en Essonne
SFINE - Société de Financement de l Innovation Numérique en Essonne, focuses on funding the economy of the future by investing in innovative companies in France. Their strategy involves supporting startups through various stages, from incubation and early-stage financing to growth capital. Recognizing the limitations of traditional bank financing for startups, SFINE aims to provide tailored financial solutions that address the specific needs of early-stage companies, particularly those in the digital and technology sectors. They emphasize the importance of securing early-stage funding through sources like love money, public funding, and competitions before pursuing larger venture capital investments. SFINE distinguishes between the financing needs at different stages of a startup's lifecycle. They recognize the critical role of "love money" (friends, family, and fools) during the incubation phase (0-300K€), along with public aid and innovation-related competitions. In the seed phase (50-500K€), they seek business angels, public financing, seed funds, and crowdfunding options. The firm then looks at providing venture capital (500-2000K€) during the startup's launch and growth stages (+2000K€). SFINE acknowledges the increasing role of banks in financing innovation and adaptation of banking products suitable for startups. The firm's success is attributed to its team of entrepreneurs who guide innovative companies and the performance of its investors. SFINE's approach involves active participation during the incubation and seed stages, highlighting their commitment to providing resources for startups to overcome early challenges. While the emphasis is on digital and technological sectors, they remain open to exploring other sectors, contingent on a significant level of commercial maturity. SFINE aims to be a financing partner through each startup growth stage.
SIDE Angels
SIDE Angels is a French early-stage venture capital firm founded in 2016. They focus on supporting ambitious founders of tech and digital startups in their early stages. Their approach involves being the sole investor in seed rounds, providing financing between €300K to €600K. SIDE emphasizes a fair and agile deal-making process, prioritizing speed and equity for founders. Beyond capital, SIDE commits to actively supporting founders through coaching from experienced entrepreneurs, assistance with team structuring, process and governance development, strategy definition for marketing acquisition, defining relevant KPIs and reporting metrics, and preparing companies for subsequent funding rounds. They aim to be a benevolent partner in the growth journey of the startups they invest. SIDE seeks to be an active participant in the French innovation ecosystem by validating its model and solidifying its presence. The firm prides itself on a "SIDE by SIDE" approach, indicating a close working relationship with its portfolio companies. This approach goes beyond just providing capital; it actively involves entrepreneurs and experienced individuals who join the board to provide guidance and support. The firm was founded by Renaud Guillerm, who has extensive experience as an entrepreneur and investor. Guillerm co-founded Videdressing.com and has invested in numerous startups since 1999. SIDE was created with the involvement of about thirty experienced entrepreneurs. This background gives them a deep understanding of the challenges and opportunities faced by early-stage companies, allowing them to offer relevant and impactful support. Their investment strategy since inception has been focused on backing start-ups with capital and relevant mentorship. The firm states that as of 2023 they have invested in over 37 companies with a total of 35M€ invested.
SURFnCODE
SURFnCODE is a startup studio in Portugal that co-founds ventures with exceptional founders. They offer more than just advice or investment; they provide hands-on delivery, working as co-founders with a proven team and playbook to help startups reach their goals quicker, cheaper, and faster. They focus on building long-lasting businesses and products with a positive impact, co-creating with founders to ensure success. Their approach aims to de-risk innovation and increase the chances of success compared to traditional venture systems. They support founders through pre-seed and seed stages, validating concepts and providing ongoing support throughout the journey. SURFnCODE invests significant time in its startups, working closely with founders to validate ideas, reach market fit, and produce MVPs. They apply their strength in product guidance, drawing on the experience of successful and failed founders to identify what works and what doesn't. Their process is product-focused, saving time and money for founders by de-risking innovation. They help founders develop a go-to-market plan, track metrics, accelerate product development, and identify growth opportunities. Their team comprises founder-quality technology, product, and investment professionals from companies like Skype, Apple, Microsoft, and Amazon, holding over 100 patents. They aim to provide founders with the support and validation needed to succeed through a multidisciplinary approach. The firm emphasizes work-life harmony, incorporating surfing values like patience, resilience, embracing change, and community into their work culture.