In November 2019 Morningside Hill launched its latest venture capital fund, which is focused on providing growth capital to Bulgarian startup companies. The fund has EUR 38.5 million under management to be invested in equity (or equivalent) minority positions in 25 to 30 companies. The VC fund comprises public funds of EUR 33.3 million provided by the Fund Manager of Financial Instruments in Bulgaria EAD under the operational programme “Innovation and Competitiveness” co-financed by the European Structural and Investment Funds for the 2014-2020 programming period. The typical investment holding period is 5-10 years, while exit opportunities will be evaluated ad hoc.
Firms with overlapping sectors, stage and geography.
Investor focus, stage and check size change often. Confirm current details on Morningside Hill Capital Management's own website (morningsidehill.com) before reaching out. Listing does not imply endorsement or any relationship.