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New Vision 3 Fund is a venture capital organization based in Sofia, Bulgaria, established to support early-stage companies that contribute to the Bulgarian economy. Founded with a mission to back startups with innovative business models and technologies, the fund has become a key player in the regional tech ecosystem. New Vision 3 Fund has a total commitment of approximately €22.3 million, with significant backing from the Fund of Funds Bulgaria, which contributed €19.1 million through the EU Operational Program Innovation and Competitiveness 2014-2020.
The fund has made a total of 18 investments in its final year of the investment period, which concluded in 2023. New Vision 3 Fund focuses on sectors such as fintech, AI, cybersecurity, and IoT, among others. The team comprises experienced professionals dedicated to fostering growth within the Bulgarian tech landscape. The firm operates from Sofia Tech Park, a hub for innovation and technology in Bulgaria.
New Vision 3 Fund primarily invests in early or start-up stage companies seeking equity investments ranging from €0.1 million to €1 million (approximately $100K to $1M). The fund targets a diverse range of sectors, including fintech, AI, cybersecurity, IoT, and frontier technologies. It also expresses interest in areas such as 3D printing, robotics, nanotech, biotech, cleantech, and VR/AR. The fund seeks companies that demonstrate a validated value proposition and scalable solutions, emphasizing the importance of a global vision from the outset.
Investment decisions are guided by the fund's commitment to supporting the Bulgarian economy and the broader regional tech ecosystem. New Vision 3 Fund looks for startups with innovative business models that can contribute to economic growth. The firm prefers to engage with founders who have a clear understanding of their market and a strategy for commercialization and global expansion.
New Vision 3 Fund has invested in approximately 38 portfolio companies, showcasing a diverse range of sectors and innovative solutions. Notable investments include:
This portfolio reflects the fund's commitment to supporting early-stage companies that are positioned to make significant impacts in their respective industries.
Konstantin Petrov - Managing Partner. Konstantin has extensive experience in venture capital and has led numerous investments in the Bulgarian startup ecosystem.
Zlatolina Mukova - Managing Partner. Zlatolina is recognized for her insights into the regional VC landscape and has been instrumental in shaping the fund's investment strategy.
Aleksandar Terziyski - Partner. Aleksandar brings a wealth of knowledge in technology investments and has a strong background in supporting early-stage companies.
Yordan Zarev - Partner. Yordan specializes in financial technology and has a track record of successful investments in the fintech sector.
Jordan Stoyanov - Venture Partner. Jordan focuses on strategic partnerships and has experience in scaling tech startups.
Filip Genov - Venture Partner. Filip has a background in operational management and supports portfolio companies in their growth journeys.
To pitch New Vision 3 Fund, founders should use the email address office@nv3.co. It is essential to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. The fund prefers detailed information on the startup's value proposition and scalability.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory. The fund encourages direct outreach from founders who meet their investment criteria.
In February 2024, New Vision 3 Fund deployed €3 million across seven Bulgarian startups in a single investment batch, demonstrating its active engagement in the local startup scene. This follows a successful investment period that concluded in 2023, during which the fund made 18 investments.
New Vision 3 Fund continues to publish analysis on the Bulgarian and regional VC ecosystem, contributing valuable insights to the investment community. The firm remains committed to supporting early-stage companies that align with its mission of fostering economic growth in Bulgaria.
What are the investment criteria for New Vision 3 Fund?
New Vision 3 Fund focuses on early-stage companies in sectors such as fintech, AI, cybersecurity, and IoT. They seek startups with validated business models and scalable solutions, requiring equity investments between €0.1 million and €1 million.
How can founders apply or pitch to New Vision 3 Fund?
Founders can pitch their ideas by reaching out via email at office@nv3.co. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes New Vision 3 Fund different from other venture capital firms?
The fund is uniquely focused on supporting the Bulgarian economy and the regional tech ecosystem. Their commitment to local startups and access to EU structural funds provide a distinct advantage for portfolio companies.
What is the geographic scope of New Vision 3 Fund?
While primarily focused on Bulgaria, New Vision 3 Fund also aims to support companies with regional ambitions across Central and Eastern Europe (CEE) and facilitate global commercialization.
What is the typical check size for investments?
The fund typically invests between €0.1 million and €1 million in early-stage companies, aligning with their strategy to support startups at the pre-seed and seed stages.
What kind of post-investment involvement does New Vision 3 Fund have?
New Vision 3 Fund provides ongoing support for commercialization and global expansion, leveraging its connections within the regional tech ecosystem and access to EU structural funds to assist portfolio companies.
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