# Morningside Hill Capital Management

Morningside Hill Capital Management is a Private Equity based in Sofia, Bulgaria.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Sofia, Bulgaria
- **Region:** Europe
- **Address:** 15 Aksakov Street, Sofia 1000, Bulgaria
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.morningsidehill.com
- **LinkedIn:** https://www.linkedin.com/company/morningside-hill

## Regulatory record

- **Reports private funds:** No

## About

Morningside Hill Capital Management is a privately owned investment firm founded in 2014 in Sofia, Bulgaria. It manages venture fund of funds for growth investments in small and medium enterprises. The firm has made 22 investments, including a Seed VC investment in Whilli on December 01, 2023.

## Sectors

- AgriTech & FoodTech
- Enterprise Software
- Digital Health
- PropTech
- Media & Entertainment
- Mobility & Transportation
- InsurTech
- FinTech
- AI/ML
- Robotics & Automation

## People

- Pavel Velkov — Partner
- Ekaterina Velkova — Partner

## Questions

### Who makes investment decisions at Morningside Hill?

Partner Pavel Velkov, a CFA charterholder with over 15 years of experience, leads the investment process. He is supported by Partner Ekaterina Velkova, whose background spans fundraising and consulting across three continents. The firm’s website identifies only these two principals, and no further investment committee or analyst structure is publicly listed.

### How is the venture capital fund capitalized?

The EUR 38.5M fund launched in November 2019 includes EUR 33.3 million in public funds from the Fund Manager of Financial Instruments in Bulgaria, co-financed by the European Structural and Investment Funds under the “Innovation and Competitiveness” operational program. The remaining capital came from the firm. This structure ties the fund’s deployment to strict Bulgarian-localization criteria.

### What does Morningside Hill’s portfolio look like in practice?

The venture portfolio lists 23 companies, spanning insect-protein production (Nasekomo), IoT remote metering (ThingsLog), 3D interior-design platforms (Fit & Finish), automotive e-commerce (Whilli), and sports analytics (Ensk.ai). The firm states a target of 25–30 minority equity positions held for 5–10 years, all subject to the fund’s Bulgaria-centric investment criteria.

### Does Morningside Hill invest outside Bulgaria?

The venture capital fund requires that a portfolio company generate at least 50% of its revenue in Bulgaria, employ at least 50% of its staff there, or hold at least 50% of its assets in a Bulgarian subsidiary. While the firm’s partners have prior investment experience across North America, Europe, and Africa, the public vehicle’s mandate is tied to Bulgarian economic substance.

### Does Morningside Hill manage capital for external third-party investors?

Yes — the venture capital fund is partially capitalized with public EU funds, and the firm also operates hedge-fund and mutual-fund vehicles available to outside investors. However, the firm discloses no external limited-partner names, fee structures, or vehicle-level performance data on its public site.

## Related profiles

- [Morning Crest Capital](https://altss.com/profile/morning-crest-capital)
- [Morningstar Ventures](https://altss.com/profile/morningstar-ventures)

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

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