There is a hunger for venture capital in Bulgaria, but also many “sleeping” investors. Activating them would help prevent start-ups and the development of companies abroad, as many of them are currently forced to seek funding abroad. As for the companies themselves, there are enough attractive ones with good business models, but no, they do not develop at the expense of the lower financial culture and maturity of entrepreneurs.
The participants in Thursday’s banking and finance forum “The Future of Money”, organized by Manager magazine, united around this opinion.
For a long time in Bulgaria there is no venture capital fund to release large sums for more advanced companies. This leads to the introduction of a financial market and the inability of companies to raise capital for 5, 10 and more million. BGN
It is rumored that Bulgarian companies are starting to seek money from neighboring countries, given that Bulgaria has enough money and hunger for risky investments, “commented the executive director of the Bulgarian Stock Exchange Manyu Moravenov.
Compare it delay BEAM is an example of this.
This is the “SME Growth Market” (BEAM), which was approved almost three years ago and allows smaller companies to raise capital under simplified market regulation rules. There are four IPOs on it this year, and Moravenov expects two more to take place. One of them is that of the electric sports car manufacturer Sin Kars.
This refers to the turnover of the BSE as a part, which grows by 40% during the year of the dose, and is expected to exceed the surprising BGN 500 million. BGN new raised capital, a large part of which is from Eurohold, we also note directors of the stock exchange.
There is a huge unfulfilled potential for capital market investors. For me, there are many “sleeping” investors who are just waiting for a convenient moment. “
With regard to Moravenov, this is evident in the statistics for a lot of money when deposited in the banking system, “which stand and are not used.” At the same time, a fairly serious weight has been formed by the person with a decent income, at least from the IT and outsourcing sector.
Meanwhile, the Fund manages risk capital in the management funds for about BGN 1.2 billion, together with the private financing of available resources available to companies reaches BGN 2.7 billion.
Thirsty for quality companies
Regarding Yani Dragov, CEO of Smart Organic AD, all attempts to find out how attractive the company is. In contrast, so far it has not been a real problem for the company to finance the financing, regardless of the stage of development – given abroad, given here, BEAM’s bales.
They have had so much money in recent years, more than attractive investment opportunities. “
Dredges should be considered, as such companies in Bulgaria also have, but do not voluntarily know the methods of financing, which is in line with the shortcomings. Unlike open time, entrepreneurs assign for opportunities – for this, they may risk long-term financing or for difficulties of their company it is better to sell part of their share in it.