AlfaStar Ventures has set up Bulgaria’s first European Union-regulated Venture Capital (VC) fund. Established in 2021 by founding members Desislava Gospodinova and Rale Totev, the open-ended fund allows investors to plough capital into unlisted companies, (including Small and Medium Enterprises (SMEs) listed on a growth market for SMEs within Bulgaria and the Southeast Europe region). Investors must commit to a minimum investment amount of €100,000 when investing in this fund, with the potential to raise a significant return thanks to the European Venture Capital Funds Label (EuVECA) compliance.
The AlfaStar Capital fund focuses their investments on pre-seed, seed, and early growth stage start-ups, in both traditional and emerging sectors such as agricultue, industry, manufacturing, finance, climate tech, agri-tech, robotics, automation and fintech. The fund looks to maximise returns by providing cost-efficient compliance with the Alternative Investment Fund Managers Directive (AIFMD) as well being able to time investments and in sales to achieve the best possible returns.
Founder Desislava Gospodinova believes the open-ended feature offers vast benefits to the fund, allowing investors to “choose the best time to exit investments to maximize the return, as well as being efficient with cost and flexible with liquidity.”
AlfaStar Ventures was founded with a vision of creating lasting change in Bulgaria, and the fund is representative of this desire for people to thrive and prosper in their local environment. As a leader in the venture capital field, AlfaStar Ventures is crafting a path that other Bulgarian funds can follow and spreading the message of venture capital globally.
