European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.

Founded in 2013, Rockaway Capital is a Prague-based investment company focused on digital economy sectors. It primarily invests in e-commerce, fintech, blockchain, and other digitally-enabled businesses across Europe.

Eleven Ventures is a venture capital firm based in Sofia, Bulgaria, specializing in early-stage investments in technology-driven startups. Founded in 2012, the firm focuses on sectors such as Fintech, HealthTech, e-commerce, the Future of Food, the Future of Work, software tools and platforms, consumer products, Sportstech, gaming, Adtech, mobility, and home automation. Eleven Ventures typically invests between €0.025 million and €0.5 million, taking minority stakes in its portfolio companies, generally ranging from 6% to 30% equity. The firm runs a three-month accelerator program quarterly, mentoring 10-15 teams per cycle, providing not only capital but also office space and back-office support. Additionally, accepted teams benefit from free deals with technology service providers, enhancing their operational capabilities. Eleven Ventures aims to foster a vibrant startup ecosystem in Southeast Europe, particularly in Bulgaria, while also being open to investing in startups from other countries, provided they participate in the program.

Earlybird Venture Capital GmbH & Co. KG is a venture capital firm specializing in early stage, startups, growth and development stage, late, and expansion investments in private companies in seed, series A and B with a potential for later follow on investments. The firm typically invests in disruptive global consumer and enterprise internet and technology businesses, mobility and logistics, internet of things, marketplaces, communities, social networks, blockchain, mobile services, insurance, enterprise productivity, vertical integration, data, analytics and artificial intelligence, cloud computing, software/information technology, communications, healthcare, diagnostics, convergent technologies, and technology enabled services companies. It also invests in internet services, financial technology, cleantech, health technologies, web servers, B2B commerce, e-commerce software, digital media technologies, hardware, diversified financial services, media, medical technology, medical devices and biotech platform technologies. The firm typically invests in globally focusing on companies based in Europe, with an emphasis on German-speaking countries and Central Eastern Europe. The firm also invests in United States of America, Ukraine, GSA, Nordics, United Kingdom, Benelux, France, Southern Europe, Slovenia, Slovakia, Serbia, Romania, Western Europe, Poland, Montenegro, Moldova, Macedonia, Lithuania, Latvia, Kosovo, Hungary, Estonia, Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina, Albania, Germany, Turkey, and Jordan. It initially invests between €200,000 million ($0.22 million) and €5 million ($7.18 million) and can participate in subsequent rounds up to a total investment of €10 million ($14.37 million) to €15 million ($21.56 million) per Portfolio Company. The firm prefers to be the lead investor, take a minority stake, and a board membership in the portfolio companies. Earlybird Venture Capital GmbH & Co. KG was founded in 1997 and is based in Berlin, Germany with additional offices in Munich, Germany; Istanbul, Turkey; and the United States.

ZAKA VC is a Prague-based family office and venture investor that backs pre-seed and seed startups across Europe. The firm concentrates on early-stage, software-driven opportunities, with a primary focus on the United Kingdom, the DACH region, the Baltic states, and Central and Eastern Europe. Founded in 2019, ZAKA VC operates with scouts in Berlin, the United Kingdom, the Baltics, the Balkans, and the Turkish region, enabling local deal sourcing. It pursues opportunities across sectors such as consumer, retail, utilities, financial services, ad tech, e-commerce, marketing tech, real estate, and broader technology ventures.

BlackPeak Capital is a private equity and venture capital firm investing in small and medium-sized enterprises across Southeast Europe. It focuses on early-stage, growth-oriented companies with unique technologies or export potential, typically investing between €4 million to €10 million per transaction.

Founded in 2017, Gapminder Venture Partners is a venture capital firm specializing in early-stage investments in B2B companies across software, IT services, fintech, cybersecurity, machine learning, and data analytics sectors. The firm focuses on startups based in Central and Eastern Europe.

Roca X is a privately funded venture capital firm based in Bucharest, Romania, established in 2018. The firm focuses on investing in early-stage technology companies, particularly those led by young entrepreneurs with innovative ideas that have the potential to impact society. Roca X targets businesses in the development stage, specifically those with a minimum viable product (MVP) or prototype. Its mission is to support disruptive ventures and help transform visionary concepts into reality.

Founded in 2019, Oktogon Ventures is a venture capital firm based in Budapest, Hungary. It focuses on early-stage investments in technology-heavy startups across Central and Eastern Europe, with a particular emphasis on Hungary, Slovakia, the Czech Republic, Poland, Croatia, Romania, Slovenia, and Bulgaria. The firm leverages its local background, operational expertise, and global network to support CEE startups in realizing their full potential.

Global Finance is an independent investment firm headquartered in Athens, Greece, specializing in private equity and venture capital in Southeast Europe. The firm conducts private equity fund management, real estate development, and advisory services, managing funds with geographic and sectoral focus across the region. It makes equity investments in Greece up to €40 million and up to €15 million for Eastern European ventures, and pursues both minority and majority stakes, including co-investments for buyouts and growth opportunities. Its activity spans industries such as manufacturing, information technology, healthcare, services, and other sectors, with a regional emphasis on Greece and neighboring markets. Global Finance aims to exit investments within several years through trade sales, IPOs, management buybacks, or sales to other funds. The firm maintains offices in Athens and other Southeast European cities, including Sofia, Belgrade, and Bucharest, as well as London.

Fil Rouge Capital (FRC) specializes in investing in early-stage businesses, focusing on angel investments, seed funding, venture capital, and Series A rounds through a mix of equity and debt structures. The firm aims to enhance its investments by leveraging the skills and experiences of its Founders, who possess expertise in technology and services, as well as a strong entrepreneurial background. Based in Ljubljana, Slovenia, FRC has a primary focus on Central and Eastern Europe, Austria, and Southern Germany, while remaining open to opportunities across Europe and the United States. The Founders maintain robust connections with accelerators in Central Europe and Silicon Valley, which further supports their investment strategy.

Early Game Ventures is an early-stage venture capital firm based in Bucharest, Romania. Founded in 2018, it invests in startups across Europe's emerging markets, focusing on innovative sectors such as enterprise technology and cybersecurity. The firm prefers to be the first institutional investor in companies with vested founders addressing big markets.

Gapminder Venture Partners BV is a venture capital firm established in 2017 and headquartered in Romania, focusing on early-stage investments in Pre-Seed, Seed, and Series A rounds. The firm targets innovative startups in sectors such as IT software and services, SaaS, machine learning, artificial intelligence, cybersecurity, digital transformation, healthcare IT, and fintech. Gapminder primarily invests in Romania and other countries in Eastern and Central Europe, aiming to support disruptive innovations that generate positive societal impacts. The firm leverages its team's background and experience to create value within the region, emphasizing a commitment to fostering bold initiatives that push boundaries in technology and business.

South Central Ventures, established in 2015, is a venture capital firm headquartered in Zagreb, Croatia, with additional offices in Belgrade, Serbia; Ljubljana, Slovenia; and Skopje, Macedonia. The firm specializes in direct investments in early-stage technology companies, focusing on sectors such as Information and Communications Technology (ICT), SaaS, HealthTech, FinTech, and digital media. It primarily invests in the Balkans, with a typical investment size ranging from €0.1 million to €3 million per company, aiming for a stake between 25% and 49%. South Central Ventures has invested in approximately 40 early-stage tech companies, playing a significant role in the regional start-up ecosystem.

Founded in Bucharest, Romania in 2017, Sparking Capital is a venture capital firm focusing on pre-seed and seed investments. While industry agnostic, it prefers startups in consumer internet, marketing-tech, supply chain-tech, fin-tech, property-tech, and circular economy-tech sectors with disruptive potential.

LAUNCHub Ventures is a Sofia, Bulgaria-based venture capital firm founded in 2012 that focuses on seed-stage technology startups in Southeastern and Central Eastern Europe. The firm typically makes initial investments of €300k to €2M and can participate in rounds up to €4M, supporting portfolio companies beyond capital. It backs scalable early-stage ventures across AI/ML, SaaS, the future of work, proptech, crypto and blockchain, devtools, marketplaces, healthtech, fintech, hardware and robotics, with a preference for founders from SEE and CEE regions who have traction. In addition to funding, LAUNCHub provides hands-on support and programs such as its Series A academy to help companies reach milestones and secure follow-on rounds. The firm aims to grow the CEE startup ecosystem and collaborates with entrepreneurs based in the region and in major global hubs.

Gecad Ventures is a Bucharest-based venture capital firm that invests in hi-tech startups and expansion-stage companies from Central and Eastern Europe with strong prospects for international scaling. It focuses on cybersecurity, fintech, AI/ML, AR and VR, transportation, IoT, agritech, healthcare, software and e-commerce, and typically commits between €1-7 million in equity. As an early investor, it builds strategic relationships with founding teams and provides resources to accelerate growth and market expansion. With more than two decades of history as part of the Gecad group, the firm draws on a track record of aiding portfolio companies and is associated with notable exits to Microsoft, Francisco Partners, Naspers and Fitbit.

New Vision 3 is a venture capital firm based in Sofia, Bulgaria, founded in 2019, that focuses on seed- and early-stage investments in technology startups. The firm backs ventures across fintech, blockchain, artificial intelligence, cybersecurity, the Internet of Things and big data, 3D printing, robotics, nanotechnology, biotechnology, cleantech, augmented and virtual reality, and shared economy platforms, providing early capital and strategic guidance to founders.

Founded in 1994, the European Investment Fund operates as a venture capital and private equity firm specializing in incubation, direct, secondary indirect, and fund of funds investments. It focuses on disruptive early-stage technology enterprises and supports micro, small, and medium-sized enterprises across Europe, primarily at early stages. The fund invests between €0.25 million and €60 million per transaction, with a preference for investing €130 million into private equity and venture capital funds.

Founded in 2021, Fortech Investments is a venture capital firm based in Cluj-Napoca, Romania. It focuses on early-stage investments, primarily in the Central and Eastern European regions, with a focus on Romanian start-ups. The firm invests in sectors such as energy, healthcare, manufacturing, automotive, PropTech, and FinTech, providing capital and strategic support.

Founded in 2023, Fifth Quarter Ventures is a venture capital firm based in Novi Sad, Serbia. It focuses on investing in early-stage startups operating in open-source software, Industry 5.0, artificial intelligence, development tools, cryptocurrency, web3, and other technology sectors across the Adriatic region.

Eldorado Gold is a Canadian gold and base metals producer with mining, development and exploration activities in Turkey, Canada and Greece, operating a portfolio of assets including Kisladag, Efemcukuru, Skouries, Perama Hill and Certej, and maintaining long-term partnerships with local communities, while emphasizing responsible operations with high safety and environmental standards and engaging with stakeholders to support the communities where it operates.

Founded in 2022, Underline Ventures is a venture capital firm based in Bucharest, Romania. It partners with Eastern European founders at the earliest stages to build high-growth startups with global ambitions. The firm invests primarily at the seed stage (pre-seed, seed, late seed), typically providing an average cheque of €500k.

Neogen Capital is a venture capital firm based in Targu Mures, Romania, established in 2000. It focuses on marketplaces and related sectors including internet retail, e-commerce, fintech, human resources, and mobility, with a Europe-wide remit. It makes minority investments across seed, early, and later stages and provides hands-on operational support to help marketplace businesses scale.

Founded in 2020, Vitosha Venture Partners is a venture capital firm based in Sofia, Bulgaria. It focuses on investing in early-stage and growth-stage companies with ties to Bulgaria.

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.

Founded in 2020, Sofia Angels Ventures is a venture capital firm based in Sofia, Bulgaria. It focuses on co-investing in technology startups at the seed and angel stages across Bulgaria, Southeastern Europe, and Central & Eastern European countries.

New Vision 3 Venture Capital Fund is a venture capital firm specializing in early stage and start-up companies. It prefers to invest in fintech & block chain, artificial intelligence, shared economy & platforms, IT & big data, 3d printing, robotics, nanotech & biotech, cyber security, cleantech and VR & AR. The firm seeks to invest in Bulgaria. It primarily seeks to invest between €0.1 million ($0.10 million) - €1 million ($1.09 million). New Vision 3 Venture Capital Fund is headquartered in Sofia, Bulgaria.

HPS Investment Partners is a global investment firm focused on non-investment grade credit. Founded in 2007 and headquartered in New York, it operates with offices worldwide. The firm originated as a unit of Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management, and was acquired by its principals in 2016, with J.P. Morgan retaining the hedge fund strategies. HPS manages a broad set of capital-structure strategies, including syndicated leveraged loans, high-yield bonds, privately negotiated senior secured debt, mezzanine financing, asset-based leasing, and private equity, serving clients across industries such as insurance, healthcare, media, retail, logistics, and marine.

NEVEQ is a venture capital firm headquartered in Sofia, Bulgaria, established in 2006. It focuses on seed and early-stage investments to help companies scale to growth, targeting enterprise applications software, infrastructure software, and industry vertical applications, along with emerging technologies and web and mobile sectors. The firm pursues opportunities in areas such as business intelligence, travel technology, semantic technology, social media, telecommunications solutions, and data center businesses.

Founded in 2022 and headquartered in Sofia, Bulgaria, Webit Investment Network is a venture capital firm focusing on investments in technology companies. It primarily invests in finalists of the Founders Games competition.

Dynax Invest, founded in 2015 and based in Sofia, Bulgaria, is an accelerator firm that specializes in early-stage investments and advisory services. The firm focuses on seed-stage and early-stage companies, aiming to support growth in a variety of sectors including financial services, healthcare, information technology, software as a service, the internet of things, e-commerce, life sciences, blockchain, cryptocurrency, gaming, wellness, and other technology-driven industries. Dynax Invest seeks opportunities primarily across the United States, Europe, and Asia, positioning itself as a key player in the development of innovative startups.

Founded in 2021, Rockaway Ventures is a venture capital firm based in Prague, Czech Republic. It focuses on investing in startups across Central and Eastern Europe and the DACH region that are digitalizing traditional industries while adhering to ESG principles.

Empower Capital is a EUR 21 million fund established to provide equity and quasi-equity funding to growing Bulgarian companies. Financed by the European Investment Fund - JEREMIE Initiative Bulgaria, the team offers extensive international operating experience, expertise, and industrial knowledge to support SMEs. With a successful track record in investing and managing companies in Bulgaria, they specialize in raising funds from various investors and facilitating exits to international buyers. Empower Capital plays a crucial role in helping companies reach their potential by identifying valuable organizations and providing growth capital, strategic guidance, and operational support to strong management teams.

Founded in 2001 and based in Zug, Switzerland, HBM Healthcare Investments is a venture capital firm focusing on the healthcare sector. It invests globally in mature emerging companies primarily in biotechnology/human medicine, diagnostics, and medical technology sectors.

Established in 2019, Silicon Gardens is a venture capital firm based in Ljubljana, Slovenia. It focuses on investing in innovative and technology-driven companies.

3TS Capital Partners is a European technology-focused private equity and venture capital firm founded in 1999 and based in Helsinki, with offices in the United States and across Europe. It provides expansion capital and buyout funding for small and mid-sized technology companies, focusing on growth sectors such as technology and internet, media and communications, and technology-enabled services, including software, fintech, cybersecurity, artificial intelligence, e-commerce and digital platforms. The firm seeks to take significant minority or majority stakes and typically assumes a board seat to guide portfolio companies. It invests across Europe, often leveraging sector partners and co-investors to add value beyond capital, and supports international expansion and operational development to accelerate growth of scalable, tech-driven businesses.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

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.

Founded in Berlin in 2017, Lunar Ventures is a venture capital firm focusing on seed-stage investments in deep tech startups across Europe. The firm specializes in artificial intelligence and machine learning, blockchain, cybersecurity, big data analytics, and other emerging technologies.

Insight Partners is a global software investor that partners with growth-stage technology and software companies. The firm focuses on growth-stage software, internet, and data services, with emphasis on fintech, cybersecurity, artificial intelligence and machine learning, DevOps, and healthcare. Based in New York City with offices in London, Tel Aviv, and Palo Alto, Insight Partners has backed more than 750 companies worldwide and has more than 55 portfolio companies that have achieved an IPO. As of 2022, the firm reports over $75 billion in assets under management. It seeks to fund and work closely with visionary executives, providing practical, hands-on software expertise to support growth from initial investment through to IPO.

Emma Capital, founded in 2012, is a principal investment firm headquartered in Prague, Czech Republic with offices in Nicosia and London. It specializes in investments within the retail sector, focusing on Asian countries, Greece, and former Soviet Union republics. The firm prefers active involvement in portfolio company management.

Launch Africa Ventures is a venture capital firm founded in 2020 and based in Ebene, Mauritius, that funds early-stage startups across Africa, focusing on seed and pre-Series A opportunities. It seeks investments across fintech, healthtech, climate tech, agritech, edtech, transportation and logistics, mobility, e-commerce, software as a service, artificial intelligence, big data, and analytics.

HV Capital is a Munich-based venture capital firm supporting founders in developing internet companies. Established in 2000, it has invested in over 200 companies including Zalando and Delivery Hero, with fund sizes ranging from €500,000 to €50 million.

RSG Capital was a venture capital firm based in Ljubljana, Slovenia, founded in 2006. The firm specialized in mezzanine, startup, growth capital, and early-stage investments, focusing on sectors such as Internet, mobile, software, energy, and life sciences. RSG Capital managed the Prvi sklad, the first venture capital fund in Slovenia, and aimed to invest in early-stage companies from Central and Eastern Europe with high growth potential and innovative technologies. Typically, the firm made equity and debt investments ranging from €0.5 million to €1.5 million. Although RSG Capital is no longer investing, it played a significant role in supporting the development of promising companies in the region.

Shasta Ventures is a California-based venture capital firm founded in 2004 that invests in early-stage software companies in the United States, typically from seed to Series B. The firm is headquartered in Portola Valley, with a presence in Menlo Park, and focuses on software-related sectors such as software as a service, cybersecurity, infrastructure, data intelligence, and consumer subscription models. Shasta Ventures supports startups through an agile, founder-focused approach, offering resources and guidance tailored to early-stage needs.

Abstraction Capital, established in 2020 and headquartered in Kansas City, Missouri, is an early-stage venture capital firm. It specializes in investing in pre-seed or seed rounds for software companies developing technical tools, APIs, and infrastructure that enhance developer productivity and streamline software workflows. The firm's portfolio includes companies building open-source tools, low-code platforms, and solutions for software observability and DevOps.

big_bets is a venture capital firm based in Sao Paulo, Brazil, founded in 2019, that backs software-intensive companies built around code and data. Its investment thesis targets industries undergoing digital transformation and seeks to back entrepreneurs who can accelerate this shift, across sectors including financial services, identity, healthcare and diagnostics, media, education, energy distribution, and developer tools.

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

Founded in 2020, MOST Ventures is a venture capital firm based in Almaty, Kazakhstan. It supports Central Eurasian technological startups building disruptive and globally scalable products.