What stage does BlackPeak Capital invest at?

BlackPeak Capital invests at the Series B, Series C, Growth stages.

What sectors does BlackPeak Capital focus on?

BlackPeak Capital focuses on Sector Agnostic.

Where is BlackPeak Capital located?

BlackPeak Capital is headquartered in Sofia, BG.

Does BlackPeak Capital lead rounds?

Yes, BlackPeak Capital leads investment rounds.

BlackPeak Capital

Growth equity

Sofia · Series B–Growth · 14 people tracked

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Investment thesis

BlackPeak Capital provides growth equity to established companies in Southeast and Central Europe led by proven, reputable management teams. It favors export-oriented businesses holding niche positions in regional or global markets, or leadership positions domestically. Taking a generalist, sector-agnostic approach, the firm targets sectors with high growth or consolidation potential and clear exit opportunities. Investments are made primarily via capital increases to fund the next phase of growth, though the firm also employs structured finance solutions and buy-out components tailored to individual founder financing needs.

Invests inSector AgnosticBulgariaCroatiaEuropeRomaniaSloveniaSofia

Source: firm website, verified Aug 3, 2026.

Stage

Series B–Growth

Sofia, BG

Leads rounds

Leads

Instruments

Equity · Debt

Founded

2014

AUM

$165M

Tracked investments

Team · 14 people

from the firm's website

Ivailo Gospodinov· Managing Partner

Co-founder of BlackPeak Capital in 2014, previously led M&A projects at Entrea Capital and served as Managing Director of Raiffeisen Investment for Bulgaria. Holds a BSc from Portsmouth University and completed ACCA exams.

Rossen Ivanov· Managing Partner

Co-founder of BlackPeak Capital in 2014, previously co-founded M&A advisory firm Entrea Capital and worked at McKinsey & Co in New York and the EBRD in London. Holds an MBA from Harvard Business School.

Angel Stefanov· Partner

Founding member of BlackPeak Capital in 2014, previously worked at Raiffeisen Investment Bulgaria and interned at Bank of America Merrill Lynch and BlackRock. Holds an MSc from the London School of Economics.

Valentina Kostova· Investment Manager

Joined BlackPeak in 2021 with over four years of financial advisory experience from PwC SEE Advisory Services. Holds a Master's in Finance & Banking and is an ACCA Fellow.

Kiril Ivanov· Partner

Founding team member of BlackPeak Capital in 2014, previously an Associate at Raiffeisen Investment Bulgaria and a futures trader in Chicago. Holds an MBA from the Illinois Institute of Technology.

k•••@blackpeak-capital.comreveal

Marko Dabic· Investment Manager· Zagreb

Joined BlackPeak in 2024 focusing on investments in Croatia and Slovenia. Previously managed financial advisory at a boutique M&A firm and worked in investment and brokerage in Croatia. CFA charterholder.

m•••@blackpeak-capital.comreveal

Niklas Pichler· Managing Partner· Vienna

Joined BlackPeak in 2019, previously Managing Director at Mezzanine Management overseeing structured growth financing in CEE from Vienna. Holds a MSc from the Vienna University of Economics and Business Administration.

n•••@blackpeak-capital.comreveal

Nikoleta Angelova· Office Manager

Joined BlackPeak in 2023 supporting the team with administrative processes, executive assistance, and office management. Previously worked at EY and The Walt Disney Company.

Petya Revalska· Investment Associate

Joined BlackPeak in 2021 after a Master's in Finance in Portugal focused on M&A, private equity, and venture capital. Previously a deals intern at EuroFinance AD.

Simona Stiliyanova· ESG Director

Joined BlackPeak in 2022, an ESG and corporate communications professional and co-founder of the sustainability consultancy Osnova. A European Climate Pact Ambassador.

Stefan Alexandru Iozu· Investment Analyst· Bucharest, Romania

Joined BlackPeak in 2025 focusing on deal execution and financial modeling. Previously worked in Deloitte's Valuation, Economics & Modeling team in Bucharest.

Sylvia Gansser-Potts· Advisory Board Member

Former Managing Director at the EBRD responsible for investment and policy activities in Central and South Eastern Europe. Holds an MBA from INSEAD.

Virgil Chitu· Romania Lead· Bucharest, Romania

Joined BlackPeak in 2023 to lead investment activities in Romania and sit on the Investment Committee. Previously a Vice President in EMEA Sponsors Investment Banking at Citi in London.

v•••@blackpeak-capital.comreveal

Zornitsa Levi· Chief Financial Officer

Joined BlackPeak in 2021, previously a Manager in the PwC SEE Deals team in Sofia with over 14 years in financial due diligence and M&A. ACCA Fellow.

What they invest in

from 2 of 26 portfolio companies

Advanced Manufacturing ×1AI & Machine Learning ×1Circular Economy ×1Consumer ×1Cybersecurity ×1Enterprise Software ×1Hardware ×1New Materials ×1

HQs:Austria×1United States×1

Investments · 26 tracked

founders shown can be your intro path

Affinityaffinity.ro

Alcatraz

Alcatraz AIalcatraz.ai

Alcatraz develops facial recognition technology for access control systems.

AI & Machine LearningCybersecurityEnterprise SoftwareHardwareMountain View, US

Scott Macomber(Director)Raymond Stata(Director)Vince Gaydarzhiev(Executive Officer, Director)Tina DAgostin(Executive Officer, Director)

Astral Holidays

Bianor Holding

BULPROS

Global IT services and solutions company focused on cloud, integration, outsourcing and security.

Eu Shipments

Excitel

Fasal Biofasal.at

FASAL WOOD develops and manufactures materials and products from renewable resources, focusing on thermoplastic processing of wood via extrusion and injection molding.

Advanced ManufacturingCircular EconomyConsumerNew MaterialsVienna, AT

Kresimir Hagljan(Chief Executive Officer)

Geneplanet

Humanita

International Power Supply

Ips International Power Supply

Kafeterija

Leanpay

Majio

Pulsio

Resalta

Rigana

Security Smart Systems Ltd

Software Group

Telelink Infra Services

Verdino

Verdino Green Foods

Vetcloud

Walltopia

Global leader in artificial climbing walls manufacturing

Portfolio news

latest coverage across their companies

Alcatraz closes $50M Series B, plans new verticals and international market expansion | Biometric Update

Alcatraz AI · biometricupdate.com · Apr 3, 2026

Frequently asked questions

What stage does BlackPeak Capital invest at?: BlackPeak Capital invests at the Series B, Series C, Growth stages.
What sectors does BlackPeak Capital focus on?: BlackPeak Capital focuses on Sector Agnostic.
Where is BlackPeak Capital located?: BlackPeak Capital is headquartered in Sofia, BG.
Does BlackPeak Capital lead rounds?: Yes, BlackPeak Capital leads investment rounds.

Images

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