What Neo Ventures does

Neo Ventures is a privately held, founder-led venture capital investment platform headquartered in Sofia, Bulgaria, operating a multi-generational fund architecture that traces back to NEVEQ, one of the first institutional venture capital funds in Southeast Europe, launched in 2006 with anchor backing from the European Investment Fund and EBRD. The platform currently operates four active and planned fund vehicles across distinct investment themes: NEVEQ Legacy (vintage 2006, enterprise software/fintech/analytics), Neo Ventures (vintage 2018, space tech, cybersecurity, health diagnostics, AI/traffic management), Neo Gravity (vintage 2020, consumer brands, mobility, food & beverage — in which Neo Ventures holds a 27% stake), and Neo Autonomy (vintage 2025, autonomous systems, robotics, and transportation). A dedicated SPV (Aces High Capital) provides single-deal access to portfolio company Flying Basket, and a Neo Harmony fund is planned for 2027 targeting real assets. Across all vehicles the platform has made 34+ investments, achieved 16 successful exits (averaging one exit every 15 weeks over the past five years), and delivered a 2.5x TVPI and 1.4x DPI on the 2018 vintage, with a standout 7x cash-on-cash return on the EnduroSat exit.

The platform serves two primary customer segments. On the supply side, it provides equity capital, operational support, board participation, and network access to pre-seed through Series B+ technology founders across sectors including space tech (EnduroSat), cybersecurity (CyberWrite), AI-powered traffic analytics (GoodVision), robotics (Extend Robotics), cargo drones (Flying Basket), autonomous road defect detection (Fadron), digital media (NexD), and consumer brands (Kittfit, Sofia Electric Brewing). On the demand side, it offers qualified investors — family offices, institutional LPs, and high-net-worth individuals — diversified exposure to European deep tech through multiple fund vintages, supported by an investor portal providing quarterly portfolio updates, exit analyses, and co-investment opportunities. Revenue is generated through two primary streams: recurring management fees on committed capital (standard 2% VC structure) and transaction-based carried interest on profits above the hurdle rate (typically 20%, aligned to GP/LP incentives).

NEO's proprietary assets are its investment methodology, regional specialization in Central & Eastern Europe (17+ years of operating history), portfolio construction discipline across vintages, and operational support frameworks rather than physical technology products. Distribution is exclusively direct-to-qualified-investor through an investor portal, direct outreach, and a co-investment partner network spanning 20+ institutional partners including EIF, EBRD, Citi, Plug and Play, 500 Global, Leonardo, and Speedinvest. The firm has offices in Sofia (headquarters), Estepona, Spain (founder location), and San Francisco (US West Coast presence), and operates with a lean team of 11-50 employees.

Name

Neo Ventures

Legal name

NEO Investment Group

Website

https://neoventures.net

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Neo Ventures is a multi-generational European venture capital platform headquartered in Sofia, Bulgaria, operating distinct fund vehicles (NEVEQ, Neo Ventures, Neo Gravity, Neo Autonomy) that back deep tech, consumer, and autonomous systems founders across CEE, with 34+ investments and 16 exits to date.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital funds
• Early-stage capital
• Deep tech investing
• Growth equity
• Startup funding

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management Fees: Standard VC management fee structure charged on committed capital to cover fund operations, deal sourcing, and portfolio management.
2. Carried Interest: Performance fee (typically 20%) on profits above the hurdle rate, aligning GP and LP incentives. NEO has generated 2.5x TVPI on Neo Ventures and achieved 7x CoC on EnduroSat exit.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Neo Ventures operates a multi-generational venture capital investment platform under NEO Investment Group, deploying capital through multiple distinct fund vehicles — NEVEQ Legacy (2006 vintage), Neo Ventures (2018 vintage), Neo Gravity (2020 vintage), Neo Autonomy (2025 vintage), and the Aces High Capital SPV. The platform invests in early- to growth-stage deep tech, space, cybersecurity, AI, autonomous systems, robotics, and consumer brand companies, primarily across Central & Eastern Europe and frontier European markets, while providing portfolio companies with operational support, board participation, and network access alongside capital.

Product overview

Neo Ventures is a multi-generational venture capital investment platform comprising multiple distinct fund vehicles, each serving a specific role in the overall value creation strategy. The platform operates through six fund structures: NEVEQ Legacy (vintage 2006, enterprise software/fintech, 14 companies), Neo Ventures (vintage 2018, space tech/cybersecurity/AI, TVPI 2.5x), Neo Gravity (vintage 2020, consumer brands, 27% stake held), Neo Autonomy (vintage 2025, autonomous systems/robotics), Aces High Capital SPV (direct Flying Basket exposure), and planned Neo Harmony (vintage 2027, real assets). The platform also provides investor relations services including quarterly portfolio updates, annual reports, and investor portal access, alongside a founders network for portfolio company support.

Differentiator

Problem solved

Functional benefit

Products and services

• Neo Ventures Fund Core investment fund targeting high-impact B2B technologies in space, cybersecurity, AI, and traffic management, for qualified limited partners seeking exposure to deep-tech venture returns.
• NEVEQ Legacy Fund Predecessor venture capital fund focused on enterprise software, fintech, and analytics investments across Southeast Europe, originally backed by EIF and EBRD.
• Neo Gravity Fund Consumer brands and lifestyle investment fund targeting B2B2C technology, mobility, food & beverage, and pet care ventures, with Neo Ventures holding a 27% stake.
• Neo Autonomy Fund Autonomous systems and robotics fund targeting transport, logistics, security, and industrial AI technologies across Europe, with a target size of €45–50M over three years.
• Aces High Capital SPV Single-company special purpose vehicle providing qualified investors direct access to Flying Basket, an Italian cargo drone pioneer, with a €50,000 minimum commitment targeting 22% ownership upon €10M close.
• Investor Portal Exclusive online portal providing qualified investors with fund performance reports, exit analyses, portfolio company data, and co-investment opportunities.
• Founders Network Ecosystem service connecting portfolio and community founders with advisors, investors, and other portfolio companies for mentorship, network access, and strategic guidance.

Quantifiable outcome

• 2.5x TVPI on Neo Ventures fund
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Partnerships

Seven partnerships are on record, tiered minor and major.

• Turn DigitalminorStrategic or Co-development PartnerTech-media agency partner for Nexd case study in Romania and CEE region. Exclusive ad sales partner for Republica.ro since 2015. Conducted competitive performance testing of Nexd vs. Celtra video ad technology.
• Levant ForesightsmajorStrategic or Co-development PartnerIndependent research and advisory institute specializing in geopolitical and economic analysis. Co-organized Levant Foresights Summit 2026 with NEO Ventures, bringing together business, investment, diplomacy, and government from Bulgaria, Europe, and Middle East.
• Istinski MedminorStrategic or Co-development PartnerPartner for Land of the Future initiative — event focused on sustainable agriculture, biodiversity, food security, and agricultural innovation in Bulgaria.
• Eurac ResearchminorStrategic or Co-development PartnerInstitute of Mountain Emergency Medicine collaborating with Flying Basket on START2 Living Lab project for drone-based mountain rescue operations in the Dolomites.
• NOI TechparkminorStrategic or Co-development PartnerResearch and innovation ecosystem in South Tyrol partnering with Flying Basket on drone technology development and testing.
• CNSAS – Veneto Alpine and Speleological RescueminorStrategic or Co-development PartnerMountain rescue organization working with Flying Basket on integrating cargo drones into alpine rescue operations.
• FantasticominorChannel Partner/ Reseller/ DistributorBulgarian supermarket chain distributing Sofia Electric Brewing craft beer products alongside the brewery's online store.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Earlybird Venture Capital: Berlin-based European early-stage VC with deep tech and digital health focus. Comparable given overlapping deep tech mandate and European multi-vintage platform structure.
• 3TS Capital Partners: CEE-focused growth VC with technology and internet focus. Comparable as co-investment partner and overlapping regional mandate.
• Target Global: Israeli/global VC with European operations and deep tech focus. Comparable given early-stage model and overlap in CEE and broader European deal flow.
• LAUNCHub Ventures: Bulgarian early-stage VC operating from Sofia. Directly comparable given shared CEE geography, early-stage focus, and similar fund vintage profiles.
• Hoxton Ventures: London-based European early-stage VC. Comparable given early-stage European tech focus and similar fund size tier.
• Credo Ventures: Prague-based early-stage VC focused on CEE tech founders. Closest comparable peer given overlapping geography (CEE), fund size, and early-stage deep tech focus.
• Speedinvest: Vienna-based European early-stage VC with deep tech and sector-focused funds. Comparable as co-investment partner with similar thematic focus on autonomy and deep tech.
• Eleven Ventures: Sofia-based early-stage VC backing CEE founders. Comparable given shared Bulgarian HQ, early-stage model, and CEE tech mandate.

Broad incumbents

• Atomico: Major European deep tech VC founded by Skype's Niklas Zennström. Comparable given deep tech focus and European mandate, but operates at materially larger fund size.

Others

• European Investment Fund (EIF): Anchor institutional LP for NEO since 2006 and recurring co-investor across vintages. Included as a key ecosystem/financial counterparty rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neo Ventures