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Fund profile / Romania

Morphosis Capital Fund II

Geography
Romania
Stage
Growth
Fund size
€130M
Focus
Consumer & Commerce, Digital Health, Enterprise Software and Manufacturing
Signals
Published
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N°01 / About

About Morphosis Capital Fund II

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

N°02 / Thesis

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
7 years market presence, proven track recordexternal
€197M portfolio turnover 2023 confirmedwebsite
1,500+ jobs created across portfoliowebsite
Founder quotes confirm human-fit culturewebsite
Fund II €130M deployment acceleratingwebsite
Healthcare sector dominance confirmedwebsite
Founder testimonials cite 'human touch' consistentlywebsite
Founder-centric mission core to strategywebsite
Eight strong portfolio companies, diverse sectorswebsite

Contrarian Signals

Romania-focused, limited global reachexternal
Human fit = subjective deal filterexternal
PE stage, not early-stage VCexternal

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

39 signals on Morphosis Capital Fund II

24 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 4 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€130M
Saves0
Website
LinkedIn
People

Key People

Andrei Gemeneanu; Mihaela Matei; Ciprian Oanea; Cristian Lazar

Andrei GemeneanuPartner
Gabriela DumitruPartner
Dragos PetrePartner
Simona GemeneanuPartner
N°04 / See also

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