NEVEQ launched its second fund, NEVEQ II
New Europe Venture Equity LP (NEVEQ I) is a venture capital fund with eight investments in seed and growth stage technology companies, while NEVEQ II is a newly launched fund, supported by the European Investment Fund.
Based in Central and Eastern Europe, our companies are focused on delivering products and services to customers worldwide. NEVEQ Capital Partners, the investment manager of NEVEQ I and NEVEQ II, has over 40 man-years of investment experience, and its team members have built and/or exited five industry leaders in the region, such as:
•Orbitel, an ISP, acquired by Deutsche Telekom
•Sofica Group, largest local business services provider to IT multinationals,
acquired by TeleTech (NASDAQ: TTEC)
Our original backers in 2006 included the European Bank for Reconstruction and Development (EBRD), as well as private investors from the United States, Switzerland, Austria, UK and Bulgaria, with significant emerging markets private equity investment track record.
In our new fund, NEVEQ II we enjoy the support of the European Investment Fund (EIF). EIF is a specialist provider of risk finance to benefit small and medium-sized enterprises (SME) across Europe.
NEVEQ II is mandated to invest between EUR 300,000 and EUR 3.0 million per company in Bulgarian businesses targeting the global market and with exit potential.