NEVEQ

What NEVEQ does

NEVEQ (New Europe Venture Equity), founded in 2006 and headquartered at Sofia Tech Park in Bulgaria with a regional office in Luxembourg, is a venture capital fund manager that pioneered institutional VC investing in Bulgaria. The firm manages two fund vehicles: NEVEQ I, established in 2006 with USD 40m in capital commitments from the European Bank for Reconstruction and Development alongside private investors from the US, Switzerland, Austria, UK, and Bulgaria; and NEVEQ II, launched in 2013 with EUR 20m in commitments, anchored by the European Investment Fund (EIF) and the EU JEREMIE programme (70%) with the balance from private investors (30%), structured as a regulated Luxembourg company. The team of five investment professionals deploys EUR 300k to EUR 3.0m per company into early, growth, and seed-stage technology businesses, with co-investment network reach extending round sizes to EUR 1m-EUR 10m.

NEVEQ's portfolio spans enterprise software, analytics, vertical marketplaces, fintech, internet, IoT, biometrics, space-tech, and editorial analytics, with 14 companies funded through NEVEQ II and 5x average revenue growth reported across the portfolio since 2008. Notable holdings and exits include FinAnalytica (market risk analytics; six US patents; 70+ global clients; exited to BISAM in 2016), Vayant Travel Technologies (cloud airfare pricing; exited to PROS Holdings for USD 35m in 2017), Ontotext (semantic technology/GraphDB serving BBC, AstraZeneca, Financial Times; 26% stake exited to Sirma Group for EUR 4.2m in 2018), SpinetiX, 3DC (exited to TelecityGroup in 2013), DealMarket (investment deal-management platform serving 10,000+ PE/VC funds globally), Properati/DreamApps (Latin American real-estate marketplace), Biodit (biometric access control), Bee Smart Technologies (IoT for beekeeping), and Content Insights/smartocto (editorial analytics; merged in 2020 to form smartocto serving 200+ media brands).

NEVEQ's revenue model is standard institutional VC economics: management fees on committed and deployed capital across NEVEQ I and NEVEQ II, plus carried interest on realized exits. Distribution is anchored by deep LP relationships (EIF, EBRD), tier-1 co-investors (Deutsche Lufthansa invested in Vayant), and ecosystem partnerships with LAUNCHub and Eleven accelerators and the DigitalK conference. The firm's investment thesis targets technology companies operating locally but selling globally, with 90% of portfolio revenue derived from international clients across every major market.

Name

NEVEQ

Legal name

Neveq Management OOD

Website

https://neveq.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

NEVEQ is a Sofia-based venture capital fund manager operating NEVEQ I ($40M) and NEVEQ II (EUR 20M), investing EUR 300k-EUR 3m per company in early-to-growth technology startups across Central and Eastern Europe targeting global markets.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

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

Keywords

• Venture capital funds
• Technology growth equity
• Seed early stage investing
• Eastern european startups
• Fund management services

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management: NEVEQ Capital Partners manages venture capital funds (NEVEQ I and NEVEQ II) with capital commitments from institutional investors and private individuals. Revenue generated through management fees and carried interest on fund returns.
2. Equity Investment Returns: Returns generated from exits of portfolio companies. Successful exits include FinAnalytica to BISAM, SpinetiX, 3DC to TelecityGroup, Vayant to PROS Holdings ($35M), and Ontotext to Sirma Group.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

NEVEQ Capital Partners is a venture capital fund manager that manages two funds (NEVEQ I and NEVEQ II) making direct equity investments in early, growth, and seed-stage technology companies in Central and Eastern Europe. The firm commits €300,000 to €3.0 million per company, with the ability to syndicate larger rounds of €1m–€10m through a co-investor network that includes the European Investment Fund and EBRD. NEVEQ provides portfolio companies with strategic board support, international market access, and guidance toward exits.

Product overview

NEVEQ is a venture capital fund manager operating two funds (NEVEQ I and NEVEQ II) focused on technology investments. Rather than a unified product, NEVEQ's portfolio comprises multiple distinct platform companies across analytics, fintech, and enterprise software: DealMarket (investment deal management), Cognity by FinAnalytica (market risk analytics), S4 by Ontotext (semantic/text mining APIs), DreamApps (mobile development), Vayant (travel tech), and Content Insights/smartocto (editorial analytics). Each portfolio company operates as an independent platform or product.

Differentiator

Problem solved

Functional benefit

Products and services

• NEVEQ I Fund First-generation venture capital fund making equity investments of up to approximately $40 million in total in early, growth, and seed-stage technology companies in Central and Eastern Europe, with anchor backing from the EBRD. Intended for technology founders seeking capital plus international strategic support.
• NEVEQ II Fund Second-generation venture capital fund of €20 million (expandable by an additional €10 million second closing) targeting Bulgarian businesses with global market potential, with ticket sizes of €300k–€3m per company and ability to co-invest up to €1m–€10m. Structured via a Luxembourg vehicle with the European Investment Fund as anchor.
• NEVEQ Engage Investment Application Portal Online intake channel for founders to apply for NEVEQ equity investment, collecting founder backgrounds, team details, and product/service information as the first step of the assessment-proposal-approval-investment process.

Quantifiable outcome

• 5x revenue growth average after NEVEQ invested since 2008
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability6 records

Partnerships

Five partnerships are on record, tiered minor and core.

• smartocto ConsortiumminorStrategic or Co-development Partner · 1 January 2020NEVEQ participated in the funding consortium for smartocto merger (SmartOcto and Content Insights merger). Other investors include North Base Media, South Central Ventures, Eleven, and V-Ventures. The merged company focuses on editorial analytics for newsrooms.
• EYminorImplementation/ SI/ Consulting Partner · 1 January 2014NEVEQ works with EY structuring experts for fund structure and deal structuring.
• LAUNCHub VenturescoreStrategic or Co-development PartnerNEVEQ works closely with LAUNCHub, a leading local accelerator that has funded over 70 startups. LAUNCHub is an important source of deal flow for co-investments.
• ElevencoreStrategic or Co-development PartnerNEVEQ collaborates with Eleven, another leading local accelerator with over 120 investments. Important source of deal flow and ecosystem development.
• DealMarketminorOthersFinTech Providers/DealMarket provides investment deal management platform. NEVEQ invested through DealMarket platform for deal flow management. Platform serves 10,000+ PE/VC funds, family offices, banks globally.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Earlybird: Pan-European venture capital firm with explicit Central and Eastern Europe focus, investing across early and growth stages in digital media, enterprise software, fintech - overlapping NEVEQ's €300k-€3m-and-beyond ticket range and tech verticals.
• 3TS Capital Partners: CEE-focused growth equity and venture capital investor that, per NEVEQ's own data, co-invested in regional tech companies like MammothDB (acquired by MariaDB). Comparable stage, sector (tech-enabled services, software), and regional mandate.
• Point Nine Capital: Berlin-based early-stage SaaS and B2B investor explicitly active in Bulgaria. Competes for the same seed and Series A rounds in CEE tech that NEVEQ targets, with similar ticket sizes.
• Gapminder VC: Romanian early-stage venture capital fund focused on deep-tech and enterprise software in CEE. Operates a parallel thesis and ticket size to NEVEQ, sourcing from a neighboring startup ecosystem.
• Credo Ventures: Prague-based early-stage venture firm investing in technology and internet businesses across CEE. Similar stage and ticket size to NEVEQ with comparable Bulgarian and regional deal flow.
• Day One Capital: Budapest-based early-stage venture capital firm focused on Central European tech with overlapping sectors (fintech, enterprise SaaS, marketplaces) and ticket sizes.
• South Central Ventures: Southeast European VC focused on early-stage tech in Western Balkans and CEE. Co-invested with NEVEQ in the 2020 smartocto (Content Insights/SmartOcto merger) consortium, evidencing overlapping deal sourcing and shared portfolio support.

Emerging players

• LAUNCHub Ventures: Bulgarian pre-seed and seed accelerator with 70+ portfolio companies; core NEVEQ partner providing early-stage deal flow and co-investment pipeline into NEVEQ's later tickets.
• BrightCap Ventures: Bulgarian early-stage venture capital firm referenced in NEVEQ's own content as a local peer. Smaller and newer entrant, but competes directly for Bulgarian founder mindshare and deal flow.
• Eleven Ventures: Bulgarian VC accelerator with 120+ investments, frequently co-investing with NEVEQ in Bulgarian tech startups and serving as important pipeline deal flow.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/hashtag/neveq
• LinkedInlinkedin.com/company/624205
• Facebookfacebook.com/NEVEQ

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments20 records

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

Frequently asked questions about NEVEQ