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IMPETUS Capital is a venture capital firm founded to support technology growth in Emerging Europe. Established in Sofia, Bulgaria, the firm focuses on investing in strong, founder-led tech companies that are experiencing rapid growth and expanding globally. The organization has a clear mission to back innovative startups that are poised for success in the international market.
Currently, IMPETUS Capital manages a portfolio of 17 companies, emphasizing early growth and pre-IPO stages. The firm has developed a reputation for its commitment to investing in companies founded by Emerging European teams, particularly those with connections to Bulgaria and Romania. This strategic focus allows IMPETUS Capital to leverage local insights while supporting companies that have the potential to scale internationally.
As of now, the firm operates from its office in Sofia, Bulgaria, and has established a strong presence in the venture capital landscape of the region. IMPETUS Capital continues to evolve, adapting its investment strategies to align with the dynamic needs of the technology sector.
IMPETUS Capital invests primarily in early growth and pre-IPO companies, structuring deals that extend through to exit windows. The firm targets a diverse range of sectors, including AI, biotech, SaaS, healthcare, consumer, logistics, climate, cybersecurity, proptech, and industrial. This broad sector focus allows IMPETUS Capital to identify and support innovative companies across various industries.
The organization has a particular preference for companies founded by Emerging European teams, especially those with a Bulgarian or Romanian connection. This geographic focus enables IMPETUS Capital to tap into local talent and market opportunities while fostering the growth of startups that are well-positioned for global expansion. The firm typically engages in pre-seed, seed, growth equity, and pre-IPO investment stages, providing flexible funding solutions tailored to the needs of its portfolio companies.
IMPETUS Capital's portfolio includes a diverse array of companies that exemplify its investment strategy. Notable portfolio companies include:
This portfolio reflects IMPETUS Capital's commitment to supporting technology companies that are not only innovative but also positioned for significant growth and global reach.
Viktor Manev, Partner | Viktor has extensive experience in private markets and has been instrumental in leading investments in technology companies across Emerging Europe.
Gergana Gesheva, Investment Director | Gergana specializes in private and capital markets, focusing on identifying high-potential startups for investment.
Nikolay Martinov, Partner | Nikolay has a strong background in private and capital markets, with a track record of successful investments in the tech sector.
Christina Boseva, Investment Manager | Christina plays a key role in managing the investment process and supporting portfolio companies in their growth journeys.
Elena Daskalova, Investment Manager | Elena focuses on evaluating investment opportunities and providing strategic guidance to portfolio companies.
Hristo Milchakov, Investment Analyst | Hristo conducts market research and analysis to support the investment decision-making process.
Stefan Juhls, Operating Partner | Stefan brings operational expertise to the firm, assisting portfolio companies in scaling their operations effectively.
Walé Adepoju, Operating Partner | Walé focuses on operational support and strategic initiatives for portfolio companies.
Kostadin Stoilov, Operating Partner | Kostadin provides operational insights and guidance to help portfolio companies achieve their growth objectives.
To pitch IMPETUS Capital, founders should use the contact email office@impetus.capital or the website impetus.capital. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. The firm appreciates clear and concise presentations that demonstrate the startup's growth potential.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, especially from mutual connections within the tech ecosystem.
In early 2026, IMPETUS Capital published blog posts discussing gender health innovations and European tech performance, showcasing the firm's engagement with industry trends and thought leadership. These posts reflect the firm's commitment to addressing relevant issues in the tech ecosystem and highlight its active role in promoting discussions around technology and innovation.
What investment criteria does IMPETUS Capital look for?
IMPETUS Capital seeks to invest in early growth and pre-IPO companies, particularly those founded by Emerging European teams. The firm emphasizes strong, founder-led companies that demonstrate rapid growth potential and global expansion capabilities.
How can I apply or pitch to IMPETUS Capital?
Founders can pitch their startups by visiting the firm's website at impetus.capital or by sending an email to office@impetus.capital. It is advisable to include a detailed business plan and information about the team and market opportunity.
What makes IMPETUS Capital different from other investors?
IMPETUS Capital focuses specifically on technology growth in Emerging Europe, with a strong preference for companies connected to Bulgaria and Romania. This regional focus allows the firm to leverage local insights and support startups that are well-positioned for international success.
What is the geographic scope of IMPETUS Capital's investments?
The firm primarily invests in North America and Europe, targeting companies that are either based in or have connections to Emerging European markets.
What is the typical check size for investments?
While specific check sizes are not disclosed, IMPETUS Capital invests across various stages, including pre-seed, seed, growth equity, and pre-IPO, indicating flexibility in funding amounts based on the needs of the portfolio companies.
What kind of post-investment involvement does IMPETUS Capital have?
IMPETUS Capital actively engages with its portfolio companies, providing support in scaling operations, strategic guidance, and access to its network of industry contacts to help drive growth.
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