# Fil Rouge Capital

Fil Rouge Capital is a Private Equity based in Luxembourg, Luxembourg.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Luxembourg, Luxembourg
- **Region:** Europe
- **Address:** Luxembourg, Luxembourg
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.filrougecapital.com

## Regulatory record

- **Reports private funds:** No

## About

Fil Rouge Capital provides capital for bold founders and invests in early-stage companies across multiple stages. Through its Accelerator it backs MVPs ready to scale with funding of up to €300K, plus mentoring and a residential program. The firm is sector-agnostic with sweet spots including SaaS, AI, Fintech, logistics and marketplaces, and is focused on building the Croatian entrepreneurial ecosystem.

## Sectors

- Enterprise Software

## People

- Julien Coustaury — Partner
- Roger Blott — Partner
- Aleš Pustovrh — Partner
- Anica Bagarić — Accelerator Program & Marketing
- Ana Bognar — Operations
- Tihana Vujčić — Principal
- Stevica Kuharski — Partner
- Mili Ibrulj — Partner
- Matei Dumitrescu — Venture Partner Romania
- Biserka Domazet — Office Manager

## Questions

### What is the geographic focus of Fil Rouge Capital?

The firm invests primarily in Croatia and the broader Balkan region, targeting startups from pre-seed through Series A rounds. While its fund is domiciled in Luxembourg, the investment mandate is explicitly regional, as reflected in its portfolio and public communications.

### Does Fil Rouge Capital invest directly or through a fund-of-funds structure?

Fil Rouge Capital invests directly in early-stage companies as a fund manager. Current public disclosures do not indicate any fund-of-funds activity or indirect investment vehicles.

### How is the leadership team structured?

Fil Rouge Capital does not publicly name individual investment committee members or partners on its website or LinkedIn. The leadership team is described as experienced in venture capital and operations, but specific names and roles remain undisclosed.

### Does Fil Rouge Capital co-invest alongside other venture firms?

The firm has not publicly disclosed a co-investment posture. Its regional focus and early-stage mandate suggest a likelihood of syndicating rounds with other Balkans-focused or sector-specific investors, but no confirmed co-investment relationships are documented.

## Related profiles

- [FilmBankers International](https://altss.com/profile/filmbankers-international)
- [Filsa Capital](https://altss.com/profile/filsa-capital)

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Last updated: 2026-08-11T15:06:42.396Z

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