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Technologies
Verticals
Technologies
Cyber Solutions
Security Services
Verticals
Technologies
Industrial Robotics
Service Robotics
Technologies
Focus on Emissions Trading as an indicator of the wider market.
Verticals
Technologies
Verticals
Technologies
Verticals
Technologies
Cyber Solutions
Security Services
Verticals
Technologies
Industrial Robotics
Service Robotics
Technologies
Focus on Emissions Trading as an indicator of the wider market.
Verticals
Technologies
Verticals
Businesses providing advanced technology-based solutions to various sectors of the economy. New digitally based business models.
Europe, with emphasis on:
– Bulgaria and surrounding region
– Attractive opportunities in DACH countries, the UK, and Scandinavia,where HGC approach may yield competitive advantages
High-Growth Technology Sectors
Considerations: Forecast for~30% CAGR Cybersecurity, AI,
semiconductors, robotics, quantum computing, over the next decade
Strategy: Finance revenue growth and capacity expansion for early-stage
companies with MVP (market validated product) and traction
Capacity Development
Considerations: SMEs lack resources to attract sufficient talent and
quickly build up capacity in R&D, software development, firmware,
customer service, and back office
Strategy: Finance development of capacity centres and access to
knowledge base; explore nearshoring opportunities
Business Services
Considerations: Strong demand for competitively priced business
services
Strategy: Finance selected companies where technology solutions create
competitive advantage and scale up operations for potential exit to
larger players
Energy Efficiency Solutions
Considerations: Demand for technology, solutions, and services for
improving energy efficiency
Strategy: Finance expansion of companies with MVP and traction
Explore and leverage potential synergies among portfolio
companies to contribute to increased returns
HelleGrowth Capital (HGC) is raising a €50m fund to capitalise on technological and digital disruption opportunities across all economic sectors.
The HGC team consists of experienced entrepreneurs, tech executives, and investment professionals. The core team includes Stefan Bumov, Dob Todorov, and Alex Kolev. Our collaboration began in the early 2000s, when were were working for Hewlett Packard Bulgaria. There, we were part of the team that build HP’s services division to some 4 000 employees, still the largest BPO/ITO operation in Bulgaria. In 2011 Stefan co-founded Sofica, a BPO firm, which he later sold to a US multinational, in a multimillion-dollar deal.
In 2016 we co-founded established HeleCloud, which became one of the only three independent Amazon Web Services (AWS) Premier Consulting Partners in EMEA. HeleCloud operated from offices in London, the Hague, and an engineering centre in Sofia, Bulgaria. After raising £3.0m from British Growth Fund, HeleCloud experienced rapid organic growth and made several strategic acquisitions in Bulgaria and the Netherlands. In 2021, the company was acquired by a Swiss group, generating a 49% IRR and a 3x cash-on-cash return for its VC investor.
Currently Stefan, Dob and Alex act as business angles, board members and advisors, in the UK, DACH, and Bulgaria. We established HGC as we see significant investment opportunities in the European technology solutions sector, and are looking to replicate the success of HeleCloud,Sofica, and our investment and management experience. HGC strategy is to back promising teams while leveraging its market access and scaling expertise to boost the growth of the investees in its portfolio.HGC has approached the European Investment Fund (EIF) to be an anchor investor with €30m in the Fund, and looks to raise additional €20m from private investors.
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