Fund Manager of Financial Instruments in Bulgaria (FMFIB)

Public / State institution

Bulgaria

Verified

Fund Manager of Financial Instruments in Bulgaria (FMFIB) has 7 documented commitments across 7 funds. Typical fund size 25-75M. 2 of them were first or second funds. Most active in Bulgaria.

Distinct funds backed7

Typical fund size25-75M

First or second funds backed2

Sectors backedTech, KMU mit Wachstumspotenzial, Post-Seed

Documented commitments7

HeadquartersBulgaria

Geographic focusBulgaria

Most recent fund backedBayena Ventures

Emerging managers backed2

Mandate

Bulgaria's state fund-of-funds, wholly owned by the Bulgarian state. Allocates EU funding through selected fund managers. Roughly EUR 350M for equity instruments and eight new funds is announced for 2021 to 2027, out of a total budget above EUR 1bn. Effectively the only route through which institutional fund capital reaches first-time managers in Bulgaria.