New Europe Venture Equity LP (NEVEQ) is a venture capital fund with eight investments in seed and growth stage technology companies. Based in the Central and Eastern Europe, our companies are focused on delivering products and services to customers worldwide. NEVEQ Capital Partners, the investment manager of NEVEQ LP, has over 40 years of investment experience, and its team members have built and/or exited five industry leaders in the region, such as:
- Orbitel, an ISP, acquired by Deutsche Telecom
- Bulgarian Telecommunications Company, acquired by Advent International
- Sciant, largest Bulgarian applications development company, acquired by VMware
- Sofica Group, largest local business services provider to IT multinationals
Our original backers in 2006 included the European Bank for Reconstruction and Development (EBRD), as well as private investors from the United States, Switzerland, Austria, UK and Bulgaria, with significant emerging markets private equity investment track record. As of 2010, EBRD has deployed over EUR 50 billion of capital, with EUR 2.7 billion invested in private equity funds in the region since 1991.
In 2010, NEVEQ LP portfolio companies achieved important milestones:
- FinAnalytica, a financial technology provider, grew to over 50 global clients, which include an university endowment fund, a sovereign wealth fund, and a hedge fund manager, all of which being among the global top 3 in their industry segment;
- Vayant, a travel search company launched its search solution and signed its first commercial agreement
- Ontotext, an advanced semantics technology company gained high-profile customers like the BBC and Astra Zeneca and launched US operations in Connecticut
- 3DC became the first carrier independent Tier 4 data center in the region
In 2011, NEVEQ Capital Partners launched its second fund, NEVEQ II, with anchor funding from the European Investment Fund (EIF) under the JEREMIE programme. The EIF manages a portfolio of over 210 Venture Capital Funds, with total EIF commitments of about EUR 3 billion. NEVEQ II is currently in the process of welcoming private investors alongside the EIF.
NEVEQ Capital Partners supported the launch of The Balkanski-Panitza Institute for Advanced Study (BPIAS) in Forges, France. The institute is an international non-profit body dedicated to the promotion of excellence in sciences. It seeks to make a lasting contribution to the advancement of sciences and technology in Bulgaria and its wider region. This is carried out in partnerships with academic institutions, including other advanced studies’ centers, the NGO sector, government agencies, businesses, international and EU bodies, and programs supporting scientific research. BPIAS convenes a wide range of research events and hosts visiting senior and junior fellows. Co-founders include Philippe Aghion from the Department of Economics at Harvard University; Jean-Pierre Massue, Secretary General of the European Federation of Scientific Networks Europe; Gocha Chogovadze, UNESCO Chairholder and Member of Georgian Academy of Sciences, Georgian Technical University and many other prominent academics.
We have the largest venture capital investment team in the region, whose international network has transformed our investee startup companies into global players. Our investee companies are active from Bulgaria to Turkey and from Ukraine to Croatia – a region of more than 200 million people with the fastest GPD growth rates in Europe. Our core competence is identifying engineering excellence in the region and coupling this with proven go-to-market management, delivering superior returns to our investors. For example, we’ve enabled Ukrainian companies to enter the Latin American telecoms market, and Bulgarian entrepreneurs to capture clients in the US media industry. As former entrepreneurs, we embrace the challenges of a startup company: passionate teams, new products, and the opportunity to fulfill new markets. We are dedicated to helping exceptional entrepreneurs build truly global companies.
“Citizen Journalism is:
-possible because of internet and video and photo enabled mobile devices.
-needed because of natural humans desire to learn and share.
-and it is good because it engages people and fills the gap between reality and traditional news media.”
Founder, mayomo.com
“We have a great working relationship with our investors. They have been very helpful, supportive and demanding, the way it should be. We have pushed together towards our venture goals, facing a lot of challenges and overcoming a lot of obstacles on the way up.”
CEO and Founder, favit.com
“We relentlessly move towards a society where information is the most valuable resource. To make it possible for people to access only the most relevant information is the next stage of this movement. Some speculate this access will be algorithmic and some bet it will be social. We think it will be both and it will be arbitraged by powerful semantics”
CEO and Founder, Favit
“The NEVEQ team has solid experience in IT which has delivered value to our business, supports when needed and with what is needed”
CEO, 3DC
“We believe that the future of data management is cloud computing. The co-location business worldwide has been encouraged by the economic downturn, when companies are reluctant to spend capex for renovation of their own facilities and choose to co-locate. Our customers are the "who is who" in global telecom, banking and data management.”
CEO, 3DC
“Digital signage is about creating and integrating state-of-the-art hardware and software technologies. The value proposition in this business is to simplify the access, distribution and manipulation of digital media in real time.”
CEO, Spinetix
“After exhaustive research, we concluded that FinAnalytica offers a unique approach for accurately measuring and reporting fat-tailed risk. Cognity combines this unique analytical approach with superior portfolio construction workflows and flexible factor modelling capabilities. We decided that our investors would be best served by FinAnalytica’s Cognity.”
Managing Partner of Blue Asset Management
“Given the accuracy of the heavy-tailed risk calculations and the detailed risk factor decomposition, our portfolio managers now have a better view of their risk. Morley has decided to expand our use of Cognity to some additional fixed income and credit portfolios where the complexity of the instruments used makes the use of other risk systems inappropriate.”
Head of Portfolio Risk at Morley
“Transparency is king. Our multi-manager customers must be capable of responding to their investors with clear and accurate insights into the levels and sources of risk at all possible levels of information transparency. Our traditional asset management and hedge fund customers need an aggregate view of their risk across all types of portfolio strategies and asset classes.”
CEO, FinAnalytica
“We have been working with the NEVEQ team for the last three years and through this relatively short period we have gone through the major crisis in the world’s financial history. It is an unbelievable advantage in such periods of time to be “backed” by a partner that does not loose stamina, creativity, confidence and dedication to support you and to help. We can further talk about the professionalism, team work, etc. but in my experience the above supersedes all those”
President, FinAnalytica
“To complement Vayant's new offering, we will be developing a new product to provide additional protections and services for travelers coping with economic challenges and changes in the travel marketplace.Travel Guard's products are a perfect addition to Vayant's technology suite. Together, we're offering unprecedented flexibility in travel planning, creating new affordable travel options and helping leisure and business travelers plan their travel with confidence.”
President and CEO for Travel Guard North America
“Information and access to that information has become ever more important to the endusers and operators of any network. Talk24 has focused on the tools, applications and infrastructure to enable management of that daily life data with precision and function. Talk24 has selected masters of field within telecoms and gaming to produce an environment to surpass the industry standards.”
CEO and Founder, T24
“Semantic technologies improve human’s abilities to manage information, by enabling computers to understand more of its meaning. Our mission is to deliver technology and solutions which considerably lower the cost of management and access to information from multiple sources. While Semantic Web is still an abstract vision, the standards and technologies related to it are already starting a revolution into enterprise data management. Those are already adopted in several of the most knowledge intensive industries: from publishing to pharmaceuticals and financial intelligence.”
Executive Director, Ontotext AD
“In our tests, BigOWLIM provides the best average query response time and answers the maximum number of queries for both the datasets ... it is clear to see that execution speed-wise Ontotext's BigOWLIM outperforms AllegroGraph and Sesame for almost all of the dataset queries.”
Press Association, UK
“Talk24 has been working with Neveq since late 2008. Neveq’s has shown strength in recognizing opportunities in emerging markets and technologies with the willingness to peruse even at a time of a bearish economy. Neveq contributes resources and introductions without inhibiting management which assisted the growth of our company.”
CEO and Founder, T24
© 2011 NEVEQ. All rights reserved