# Capital Investments Fund

Capital Investments Fund is a Private Equity based in Sofia, Bulgaria.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sofia, Bulgaria
- **Region:** Europe
- **Address:** Sofia, Bulgaria
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** cifund.bbr.bg
- **Wikidata:** Q67810385

## Regulatory record

- **Reports private funds:** No

## About

Capital Investments Fund is a part of the Bulgarian Development Bank Group, based in Sofia, Bulgaria. It provides growth capital to Bulgarian SMEs. The fund has made 3 investments, including a Series B investment in Quendoo on June 26, 2024.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Sports Tech

## Questions

### Who runs investment decisions at Capital Investments Fund?

The firm does not publicly name its investment committee or senior deal leads. Decisions are made within the Bulgarian Development Bank group structure, with the fund operating as a dedicated team under the bank's broader governance.

### Does Capital Investments Fund participate in fund commitments or only direct deals?

Available evidence points to direct equity investments. The firm publicly lists portfolio companies by name and describes direct capital provision to each. There is no disclosure of fund-of-fund commitments or LP positions in external vehicles.

### What investment stages does Capital Investments Fund typically target?

The firm states its focus is on early-stage (Series A and above) and growth-stage companies. Its disclosed investments span expansion capital for manufacturing scale-up, growth rounds for AI hardware, and later-stage digital infrastructure platforms.

## Related profiles

- [Capital-E](https://altss.com/profile/capital-e-partners)
- [Capricorn Partners](https://altss.com/profile/capricorn-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/capital-investments-fund

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