Morphosis Capital Fund II

About Morphosis Capital Fund II

Healthcare, B2B Services, Consumer, Retail, Niche Manufacturing (CEE Focus) - Growth-Stage/PE

Investment Focus

Location / RegionRomania

Funding StageGrowth

Industry Focus

Consumer Commerce

Digital Health

Enterprise Software

Manufacturing

Investor Signals Profile

active

Sweet Spot

Profitable Romanian founder, €1–5M EBITDA, growth-ready

Romania/CEE growth equity

founder-led businesses

buy-and-build

healthcare & services

national champions

Bullish Signals

€70M deployed, 10 portfolio cosexternal

49% revenue growth across portfolio 2023external

52% EBITDA growth portfolio 2023external

13 bolt-on acquisitions 2021–2023external

30% IRR achieved Fund Iexternal

Fund II: €130M, active deploymentexternal

€197M portfolio turnover 2023external

1,500+ jobs created Romania & Europeexternal

€85M economic value returned 2023external

EBRD co-investor; exit La Cocos 2026external

EnduroSat: new Space Center opened 2025external

EMI expands Western Europe via acquisitionexternal

Echo Elderly Care launched Dec 2025external

8 active portfolio companies currentlyexternal

1,100+ employees across portfolioexternal

Contrarian Signals

Romania-focused, limited global reachexternal

Human fit = subjective deal filterexternal

PE stage, not early-stage VCexternal

Fund I only 6 investments madeexternal

Founder Do's

Show clear vision & growth ambition

Demonstrate profitable, scalable business

Have product/service with competitive edge

Align on human fit with team

Target €1–5M EBITDA range

Founder Don'ts

Don't come pre-revenue or pre-profit

Don't expect passive capital only

Don't lack founder–investor chemistry

Key GPs & Partners

Andrei Gemeneanu

Partner

founder-centricvision-drivenhands-on

Gabriela Dumitru

Partner

human-firstrelationship-focusedoperator

Dragos Petre

Partner

analyticalgrowth-focusedsector-savvy

Simona Gemeneanu

Partner

culture-builderpeople-firstoperator

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Fund Overview

Fund Size€130M

Saves0

Website

Key People

Andrei Gemeneanu; Mihaela Matei; Ciprian Oanea; Cristian Lazar

Andrei GemeneanuPartner

Gabriela DumitruPartner

Dragos PetrePartner

Simona GemeneanuPartner

About Morphosis Capital Fund II

Investment Focus

Investor Signals Profile

Sweet Spot

Bullish Signals

Contrarian Signals

Founder Do's

Founder Don'ts

Key GPs & Partners

Unlock Investor Signals

Fund Overview

Key People

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