Impetus Capital, a Sofia-based private investment company, will operate the first alternative investment fund in Bulgaria.
The fund is named ImVenture II KDA and will support growing Bulgarian companies in industries that account for over 70% of the growth of the Bulgarian economy: information technology and computer science; modern trade; production (including fast moving consumer goods and food); transport and Logistics and services like fintech.
The fund, that is already registered with the Financial Supervision Commission, will focus on growing, innovative, export-oriented Bulgarian private companies. It will provide up to 90% of the investments and will assist with the preparation for initial public offering of shares (IPO) on the Bulgarian Stock Exchange.
Currently, private equity firm Impetus is involved with capital and management support in companies including transport specialist Discordia; Alterco, which manufactures products in the IoT segment with sales in 65 countries; Excitel – the fastest growing Bulgarian company in India with over 220,000 users, biometric solutions company Biodit; Browswave – a company specialising in price positioning and market analysis; A4E which focuses on forecasts of business sales and consumer risk assessment and Bioseek – a semantic search engine in large databases with application in medicine.
See more in Bloomberg TV Bulgaria’s interview with Victor Manev, a partner at Impetus Capital.