Investors in Hungary

Fiedler Capital Hungary Zartkoruen Mukodo Reszvenytarsasag is a venture capital firm specializing in seed/startup and early stage companies. The firm focuses on companies from Austria, Central and Eastern European Countries and the Baltics. Fiedler Capital Hungary Zartkoruen Mukodo Reszvenytarsasag operates as a subsidiary of Cashline Investment Holding Zrt.

Oriens is a private equity firm specializing in providing growth and expansion capital at middle market stages. It also specializes in making investments for bolt-on acquisitions. The firm seeks to invest in manufacturing, services, business services, healthcare, media, retail, financial services, macroeconomics, information and communication technology services, energy, and environmental services sectors. The firm typically invests in Central Eastern European businesses with a focus on Czech Republic, Hungary, Slovakia, South Poland, Moldova, Romania, and Bulgaria. It seeks to invest between €2 million ($2.23 million) and €15 million ($16.75 million) in companies with enterprise value between $10 million and $15 million. The firm invests for a period of three to five years. It invests through equity or equity-type securities via capital increases and in some cases, partial buyout of shares. It takes a prudent approach to debt in its transactions. The firm invests in companies where the original owners retain a stake. It acquires controlling stakes in its portfolio companies and takes a seat on their Boards. The firm prefers to take majority positions in its portfolio companies. It also prefers to make follow-up acquisitions and integrate the portfolio companies onto the platform. It provides capital to increase capacity, develop and roll-out a service offering or a product, finance add-on acquisitions, and secure working capital for the growth of the companies. Oriens was founded in 2007 and is based in Budapest, Hungary with additional offices in Warsaw, Poland; Sofia, Bulgaria; Singapore, Singapore; Prague, Czech Republic; and Bucharest, Romania.

ARALON AG is a private equity firm specializing in middle market buyout transactions including management buyouts and buy-ins, growth financing, succession solutions and spin-offs, shareholder replacement, platform strategies for market consolidation over buy and build, cross-border expansion in small and medium sized companies. The firm prefers to invest in mid-cap companies. It makes investments in healthcare, life sciences, manufacturing especially with strong aftersales element, industrial technologies and products and services, business services including logistics, consumer goods and retail, and clean technologies including environment and energy. The firm targets investments in companies based in Eastern Europe, Middle Eastern Europe, Central Eastern Europe, Switzerland, Austria, Germany, bordering the Black Sea Region including Romania, Bulgaria, Ukraine, Turkey, Baltics, Hungary; South East Europe including the countries of the former Yugoslavia, Russia, and Belarus; and the Caucasian Region and selected countries of the former Soviet Union (Commonwealth of Independent States). It makes investments between €3 million ($4.36 million) and €20 million ($29.04 million) in companies with turnover of up to €100 million ($145.19 million). The firm seeks to acquire majority ownership equity up to 100 percent. However, it may also acquire an influential minority stake. The firm prefers to be a lead investor or co-investor with others, especially if equity commitment is more than €20 million ($29.04 million). It typically, invests for a period between three and six years, though sometimes longer. It targets to achieve an annual gross IRR of more than 30 percent. The firm does not invest through third parties and does not pay dividends. ARALON AG was founded in 2005 and is based in Pfäffikon, Switzerland with an additional office in Bucharest, Romania and Egg, Switzerland.

A Hiventures küldetése, hogy segítse a jelen és jövő innovatív elképzeléseit, és ezzel hozzájáruljon egy fenntartható és értékteremtő startup ökoszisztéma kialakulásához Magyarországon. Állami tulajdonú kockázati tőketársaságként, valamint az MFB Csoport tagjaként Európai Uniós és saját forrásból, 102,5 milliárd forintnyi tőkével segítjük a hazai innovatív vállalkozásokat és startupokat inkubációs, magvető és növekedési befektetési életszakaszokban. Hiventures’ mission is to support the cutting-edge ideas of freshly established startups and innovative businesses, to strengthen the entrepreneurial culture and protect the values of its community. Since we believe Hungary is the country of great talents, with our new investment programs our aim is to endorse and mentor these young entrepreneurs’ ideas, thus contributing to the growth of a sustainable and continuously developing startup ecosystem.

Seven2 sas is a private equity firm specializing in middle markets, later stage, carve-outs of business divisions from French or multinational corporations, public to private operations (PtoPs), and leveraged buyout in mid-caps and small and medium-sized companies. It seeks to invest in technologies, telecom, retail and consumer, media, healthcare, and business and financial services sectors. In information technology sector the firm focuses on high-tech goods and services, software technologies, hardware, emerging application segments, and services based on the mastery of new technologies. In specialized retail and consumer, it typically invests in home appliances, household goods and services, specialty retail chains, personal equipment, direct retail and e-commerce, business to business distribution, and consumer goods. In the media sector the firm seeks to invest in professional and technical publishing, broadcasting, business to business publishing, business, scientific and technical information, marketing, research, and design service companies, traditional and online, media agencies, rights, premium content and the supply of Internet content. It seeks to make investments in the telecommunications sector in segments including infrastructure and services, telecom operators, cable operators and technology companies, voice-data-video convergence, and development of new mobile services. The firm also invests in business and financial services in outsourced services focusing on financial services, business process outsourcing, services related to energy and environment. It makes investments in healthcare sectors with a focus on medical devices and services companies including private sector hospital treatment focusing on therapy of new medications or new forms for administering drugs, pharmaceutical laboratories, medical equipment, dermo-cosmetics, galenic development, and services and databases for health organizations, and health services including hospitalization structures, home health care, and medical analysis. The firm seeks to invest in companies based in French-speaking countries including France and Europe. It also invests in Turkey, Australia, Japan, South Korea, New Zealand, North Korea, Austria, Belgium, Denmark, Finland, Germany, Greece, Iceland, Italy, Belgium, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Czech Republic, Hungary, Poland, Slovakia, Mexico, Chile, United States and Canada. It prefers to invest in equity investment between €3.47 million ($3.79 million) and €250 million ($273.2 million) in Mid-Market €50 million ($54.65 million) and €250 million ($273.2 million) and Development: €15 million ($16.40 million) and €50 million ($54.65 million) with sales value between $13.34 million and $2732.9 million and enterprise value between $10.88 million and $1113.52 million. The firm may co-invest with others. It seeks to acquire majority or significant minority stakes and a board seat in its portfolio companies. It prefers minority position if the transaction is based on a genuine partnership with the management team, which confers them certain rights. The firm typically invests for a period of five to seven years on average. It seeks to exit its investments through trade sales, IPOs, secondary buyouts, as well as partial sales, and recaps. Seven2 sas was founded in 1972 and is based in Paris, France with additional offices in Europe.

Blockox Fund is a management agency focused on digital currency investments and is headquartered in Hungary. In China , we have build up Chengdu Office. With a number of well-known global exchange maintained good relations of cooperation, as strategic partners and KuCoin KuCoin founders and managers, the Chinese community also has a circle active degree is the highest, reputation the best 8000 people in the community. More than 40 block chain projects have been invested, the yield industry leading, no accidents!

bmp Ventures AG is a private equity and venture capital firm specializing in seed, series A/B, startup, early stage, mid and late venture, emerging growth, spinoff and growth capital investments. It prefers to invest in e-commerce and Internet, mobile, financial services, life science, marketing services, business-to-business, business-to-commerce, online publisher, industry technologies, software, technology, telecommunication, cleantech, material science, consumer products, alternative energy sectors, media, consumer, digital solutions, ehealth, industry & deeptech, media & gaming, cleanteach & planet positive, mobility & automotive, fintech & legaltech and entertainment services. The firm typically invests in small and mid-sized companies in Germany, Poland, the Czech Republic, Hungary, and Switzerland. It seeks to make initial investment starting at €0.5 million ($0.59 million) and invest between €0.5 million ($0.59 million) to €2.5 million ($2.95 million) in early stage financial rounds and up to €15 million ($17.52 million) in growth financing rounds in companies with revenues up to $13.57 million. It seeks to invest 15 % equity in minority holdings. The firm considers to exit its investments through trade sale or initial public offerings and prefers to hold its investments for 7 years but can also be over 10 years. bmp Ventures AG founded in 1997 and is based in Berlin, Germany with an additional office in Magdeburg, Germany.

Budapest-based Euroventures is one of the longest-established and leading independent private equity and venture capital firms in Central Europe, with a proven ability to achieve international exits over two decades in a fast-changing environment. It has advised or is advising five investment programmes totalling over €180m since 1989, with a focus on funding INNOVATION and GROWTH in Hungary and Central Europe. The investors in Euroventures funds have mainly been international institutional Investors, and in the case of Euroventures IV included EU, Hungarian and Swiss government SME programmes., Euroventures is a venture capital firm specializing in early stage, mid venture, late venture and growth capital investments. The firm prefers to co-invest with private investors which provide at least 30 percent of the capital for each portfolio company. The firm invest in Technology and software companies, with a focus on SaaS, marketplaces, big data, and IT security. The typical holding period is 3 to 6 years. It seeks to invest in in the CEE region. The firm prefers to invest between €2million ($2.36 million) and €5 million ($5.91 million). Euroventures was founded in 1989 and is based in Budapest, Hungary.

GB & Partners Investment Management is a privately held venture capital and private equity management company, seeking investments among innovative small and medium enterprises with outstanding growth potential, as well as targets promising growth stories in the traditional sectors.

Lead Ventures is a venture capital firm specializing in investments in long-term, emerging growth, start-ups, early, mid and late venture investments. The firm is an industry agnostic and seeks to invest in the following sectors: mobility, energy and sustainability as well as b2b services and software, energy, chemicals, B2B IT, IoT, and retail. It typically invests in Central Europe, the Baltics, Hungary, CEE and until the boundaries to Russia, Turkey and Israel. The firm prefers to invest between €1 million ($1.13 million) and €10 million ($11.51 million) in companies. Lead Ventures was founded in 2017 and is based in Budapest, Hungary.

startup300 AG is a venture capital firm conceived as a business angel network specializing in start-up, seed and growth capital investments. The firm seeks to take minority stakes and invests in the technology sector. The firm prefers to invest in Germany, Austria and Switzerland as well as the CEE countries (Albania, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Estonia, Latvia and Lithuania). The firm invests between €0.05 million ($0.06 million) and €0.5 million ($0.57 million) in their early stage program and more than €1 million ($1.13 million) in their growth stage program. startup300 AG was founded in 2015 and is headquartered in Linz, Austria.

Cathay Capital Private Equity SAS is a private equity and venture capital firm specializing in investments in growth capital, acquisition, mezzanine, PIPEs, small cap, mid-cap, leveraged buyouts, MBOs, capital increases and capital restructurings, industry consolidation, recapitalization, shareholding restructurings, and international expansion, buy-and-builds, carve-outs, co-investments. The firm seeks to invest in seed, start-ups, middle market, mature, late venture, later stage, growth stage, and midsize companies. It invests in all sectors particularly in business and industrial products and services, fintech, healthcare products and services, life sciences, telecommunication, online consumer electronics retail, online beauty care product & stores, pharmaceuticals, fertilizers, agricultural machinery, internet service, products & services, data processing & outsourced services for insurance industry, air freight, automobiles, household durables, leisure products, textiles, casino,travel & tourism, B2B commerce, insurance industry related tech hardware, beauty care services, AI software, system software for insurance industry, logistics software, property management software, automation product, security software, communication equipment, consumer brands/retail concepts, software, technology, digital, online insurance service, e-commerce software, financial software, IT consulting services to insurance industry, media, and automotive and mobility ecosystem with a focus on core technologies for cars. In China, the firm targets fast growing companies in sectors including environment, healthcare tech, online bill payment services, online trading systems, educational & training software, children-focused businesses, agri-businesses, logistics, and household equipment that capitalises on rapid urbanisation, with less focus on majority stakes. The firm targets investments globally with a focus on companies in North America, China, Europe, Asia, Africa with a focus on South and North Korea, Turkey, New Zealand, Australia, Austria, Japan, Luxembourg, Denmark, Finland, Greece, Iceland, Ireland, Italy, Netherlands, Norway, Portugal, Czech Republic, Sweden, UK, Estonia, Hungary, Poland, Slovakia, Slovenia, Mexico, Chile, Germany, France, Hong Kong, Spain, Switzerland, and German Mittelstand. It seeks to make cross border investments in mid-size French companies faced with a booming Asian economy as well as a partner for an increasing number of Chinese companies seeking a European foothold. It also invests in OECD countries. It seeks to allocate around 40 per cent each to France and China and the rest to Europe, with a core focus on Germany. The firm primarily invests between €5 million ($5.31 million) and €75 million ($79.78 million) in transactions ranging in value from €2 million ($2.12 million) and €15 million ($15.95 million). In cases of growth capital and leverage buyouts the value of each transaction is atleast €120 million ($127.66 million).It invests in companies with EBITDA between $2 million and $30 million and enterprise value of less than €100 million ($111.45 million). It invests in companies with revenues between $4.24 million and €400 million ($425.53 million) and turnover between €20 million ($21.27 million) and €400 million ($425.53 million). It seeks to have a board seat or observation right in all portfolio companies. The firm seeks to acquire minority or majority stakes alone or as part of a consortium of investors. It seeks to invest in companies whose growth can be fostered from new or enhanced cross-border and domestic development strategies. It seeks to co-invest. The firm seeks to be an ethic of sustainable development, based on social and environmental responsibility criteria. The firm holds its investments for five years. Cathay Capital Private Equity SAS was founded in 2007 and is based in Paris, France with additional offices in Shanghai, China; Beijing, China; New York, New York; San Francisco, California; Tel Aviv, Israel; Singapore, Shenzhen, China, Munich, Germany, Berlin, Germany and Madrid, Spain.

Gecad Ventures is a venture capital firm specializing in seed/startup, early stage, expansion phase, and growth capital. It seeks to invest in software and hi-tech companies, including security software, FinTech, cyber security, artificial intelligence, machine learning, virtual reality, augmented reality, IoT, agri-tech, online financial services, financial software, cloud technologies, e-commerce, crypto currencies and payment methods. The firm invests in the Central and Eastern Europe region that includes Romania, Bulgaria, Hungary, Croatia, Serbia, Slovenia, Poland, Czech Republic, Slovakia, Estonia, Lithuania, Latvia, Greece, Montenegro, Bosnia and Herzegovina. The firm typically invests between $1 million and $8 million in equity. It makes balanced sheet and personal capital investments. Gecad Ventures, formerly known as Gecad Group, was founded in 1992 and is based in Bucharest, Romania.

Booster Capital is a private equity firm specializing in middle market, growth capital, buyout and add-on acquisitions investments. The firm seeks to invest in IT services, specialist retail, e-commerce, B2B services, consumer goods, value-added manufacturing, health and wellness. The firm prefers to invest in Central and Eastern Europe, focusing on equity-related investments in SMEs in Romania, Hungary, Bulgaria, Croatia, and Slovenia, with the objective of generating long-term capital appreciation. The firm typically invest between €5 million ($5.44 million), and €15 million ($16.5 million) in a company. The firm seeks to make majority and controlling minority investments in a company. Booster Capital is based in Luxembourg with additional offices in Romania.

Day One Capital is an early-stage technology investor focused on Central Eastern European startups. Investing out of their 3rd fund (operational since 2024), they target B2B software companies, particularly in AI, robotics, and tech-bio, providing capital and strategic support to help founders compete on a global scale.

iEurope group was founded in 2001 by Laszlo Czirjak and Kristina Perkin Davison. iEurope Fund I, the most recent fund, managed by the fund managers, achieved a gross annual return in excess of 34% for its investors. Current funds under management, including iEurope Fund II, have a larger geographic footprint and a wider sector focus.

MFB Invest Zrt. Is a private equity firm and venture capital arm of the Hungarian Development Bank specializing in investments in direct investing, fund of fund investing, secondary indirect and secondary direct in small and medium-sized enterprises. Within direct investing it invests in middle market, later stage, emerging growth, incubation, early stage (pre-seed, startup), early venture, mid venture, industry consolidation and buyout. Within the fund of fund investing it invests in private equity funds and venture capital funds. It does not have specific industry focus but it invests primarily in companies operating in a number of industries including health care services, machinery, manufacturing, energy, food industry, Information technology, etc. The firm also participates in greenfield projects. It prefers to invest in companies operating or based in Central Europe, Eastern Europe, and Hungary. The firm prefers to invest a minimum of €0.45 million ($0.65 million) and at most 25 percent of the equity of MFB Invest Plc. It exits its investments between four to seven years through sale at stock exchange; over-the-counter sale; leverage buyout; initial public offering; management buyout; trade sale (sale to strategic or other investors) or exercise of an option. As a result of a decision made jointly by co-owners, the firm may also exit by terminating the project company through reduction of capital or final settlement. It typically takes minority and majority ownership. MFB Invest Zrt. was founded in 2006 and is headquartered in Budapest, Hungary.

Cudos Capital AG is a private equity and venture capital firm specializing in later stage, restructuring, growth capital, growth equity, middle market, buyouts, mid venture, emerging growth, management buy-ins and buyouts, successor issues, mezzanine, and distressed investments. The firm does not invest in real estate and tourism sectors. The firm is industry agnostic but has focus on invest in mechanical and electronic engineering, telecoms, utilities and transportation. It seeks to invest in Dach and CEE regions, Central and Eastern Europe and German-speaking countries with a focus on Poland, Czech, Slovakia, Hungary, Germany, Romania, Slovenia, Bosnia, Croatia, Serbia, Bulgaria, Montenegro, Austria, Southern Germany, Switzerland and selected neighboring countries. It seeks to invest in mid-market, small and medium-sized companies with revenues in the last 12 months, minimum €10 million ($11.46 million) and €100 million ($114.66 million) in sales value. The firm typically invest between euro 1 million ($1.11 million) and euro 8 million ($8.91 million).The firm prefers to have seats in management, supervisory or advisory boards depending on the investment situation. It prefers to have a say in strategic decisions and also the portfolio company in which the firm has invested needs to provide financial reporting to the firm on a regular basis. The firm targets stakes range from qualified minorities to full acquisitions. The firm’s investment period per deal is 5 years. Cudos Capital AG was founded in 2011 and is based in Vienna, Austria

Oktogon Ventures is venture capital firm specializing in seed/startups, early ventures, bridge financing transactions and growth capital investments. The firm seek to invest in e-commerce software, devops, IT security industries. It seeks to invest in central and eastern Europe, particularly in Bulgaria, Croatia, Romania, Slovenia, Czech Republic, Hungary, Poland, Slovakia, Estonia, Latvia, Tithuania regions. It make investment between 150k ($0.15 million) and $1.5 million. Oktogon Ventures was founded in 2019 and is based in Budapest, Hungary.

Rockaway Ventures is a Private Equity and a venture capital firm specializing in Seed to Series A stage startups, early venture, and growth capital investments. The firm seeks to invest in Data Processing and Outsourced Services, Internet Services and Infrastructure, Application Software, Systems Software, Media and Entertainment, Real Estate Services, Retailing, Consumer Services, food and staples retailing, health care technology, financials, retail and e-commerce, travel & hospitality, digital logistics, digital media, cybersecurity, defense, CleanTech, and PropTech. It seeks to invest in Czech Republic, Slovakia, Hungary, Poland, Croatia, Slovenia, Serbia, Kosovo, Romania, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Estonia, Latvia, Lithuania, Macedonia, Montenegro and Switzerland. The firm prefers to take management control. The firm makes equity investments ranging between Euro 1 million ($1.18 million) to Euro 10 million ($11.85 million). Rockaway Ventures was founded in 2013 and is based in Czech Republic. Rockaway Ventures operates as a subsidiary of Rockaway Capital SE.

Vespucci Partners is a venture capital firm specializing in seed, startups and pre series A stage investments. The firm primarily invests in CEE region. The firm seeks to invest in EUR 0.6 million ($0.70 million) to EUR 4.5 million ($5.29 million). Vespucci Partners is based in Budapest, Hungary.

Underline Ventures is an early-stage venture capital firm based in Bucharest, Romania, dedicated to supporting Eastern European founders in building high-growth startups with global ambitions. Founded by Bogdan Iordache, the firm manages a €20 million fund and has completed 13 investments to date. Underline Ventures invests at the seed stage, including pre-seed, seed, and late seed rounds, with an average investment size of $500,000. The firm focuses on helping founders define the right strategy, set milestones, and connect with capital and talent, while ensuring founders maintain control over their companies. Underline Ventures has a diverse portfolio, with investments in sectors such as life sciences, consumer products, and business services. The firm operates across various countries in Central and Eastern Europe, including Romania, Poland, and Hungary.

i4g Investment GmbH is a private equity firm specializing in mature, later stage, emerging growth, middle market, buyouts, and growth capital investments. The firm typically invests in traditional industrial companies active in packaging, machine engineering, automation, and industrie 4.0. It primarily invests in companies based in Austria, Northern Italy, Slovakia, Slovenia, Hungary, Czech Republic, and South Germany with a focus on Bavaria and Baden-Wuerttemberg. The firm invests between €0.5 million ($0.54 million) and €25 million ($26.88 million) in companies. The firm seeks minority or qualified minority stake. i4g Investment GmbH was formed in 2005 and is based in Vienna, Austria.

Széchenyi Alakop Zrt. is a venture capital arm of Rudolf Kalman Obudai Egyetemert Alapitvany specializing in mid venture, late venture, middle market, growth capital and expansion. The firm invests into micro, small to large sized companies which have been operating for at least two years. The firm invests in metal, manufacturing, biotechnology, healthcare, production of healthcare products, environmental, and creative industry. It prefers to invest in companies based in Hungary. The firm typically invests between HUF20 million ($0.07 million) and HUF300 ($1.09 million) in its portfolio companies. The firm prefers to exit its investments through a trade sale within five to seven years. It usually does not acquire majority stakes and does not take an operative role. Széchenyi Alakop Zrt.. was founded in 2011 and is based in Budapest, Hungary.

CEE Equity Partners Ltd is a private equity firm specializing in buyouts, buyins, expansion capital, development capital, replacement capital, mezzanine, turnaround, project finance, and restructuring investments. It prefers to invest in infrastructure, energy, telecommunications, specialized production healthcare, education, agriculture, manufacturing, waste management, high-tech and innovative business. Within infrastructure it invests in classic infrastructure: roads, rails, bridges, ports, and airports; municipal infrastructure: car parks, terminals, and street lighting; environmental infrastructure: sewerage/water treatment facilities, and waste management facilities; and heat production and distribution plants. Within energy it invests in renewables: wind farms, hydro, biogas, biomass, biofuels, geothermal and other feasible technologies; conventional fuel based (coal, gas, oil) power plants and heat producers; waste-To-Energy facilities; and storage and transmission distribution facilities. Within telecommunications it invests in fibre-optic infrastructure, both backbone, as well as fibre to home and to business; data centres; telecom operators; mobile-telephony infrastructure; and cable operators and their infrastructure. Within specialized production it invests in engineering; automation; equipment used for various sectors: infrastructure, energy, telecommunication; and industrial products and services. It also invests in incinerators, co-generation power plants, PPP ventures, and green energy. It prefers to invest in Central and Eastern Europe which includes Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia. The firm invests between $20 million and $100 million in equity and can also help arrange debt financing. It typically invests for a period of 5 to 8 years. CEE Equity Partners Ltd is based in Nicosia, Cyprus with additional offices across Europe.