“We want a EUR100 million fund, with the money due to be invested in the same fields as before. Romania is definitely the main market for us, but we haven’t decided whether our focus will be 100% here or we’ll look at the region as well,” said Andrei Gemeneanu, co-founder of Morphosis Capital.
He added he hoped the money for the second fund would be raise in 12 months’ time.
The first fund was launched in December 2018, with the raised sum amounting to EUR50 million. Gemeneanu says there’s EUR10 million left from this sum, after Morphosis has already invested in six companies.
Andrei Gemeneanu says it’s too early for him to speak of a first exit. Such talks may start sometime in 2023, though, he says.
For the companies it took over, Morphosis Capital envisages development, not just locally, but also internationally.
According to Andrei Gemeneanu, 2021 was above all investors’ or analysts’ expectations, amid a dynamic market. Moreover, Romania was still a reliable destination for investors and this will not change in 2022.
(English version by Catalina Apostoiu)