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New Vision 3
New Vision 3 is an early-stage venture capital fund based in Sofia, Bulgaria. The fund has made 33 investments, including a Seed VC investment in PayMan Group...
New Vision 3
New Vision 3 is an early-stage venture capital fund based in Sofia, Bulgaria. The fund has made 33 investments, including a Seed VC investment in PayMan Group on July 07, 2024. New Vision 3 has facilitated 2 portfolio exits, with Phyre exiting on May 23, 2023.
General information
Firm type
Private Equity
Year founded
2019
AUM
Undisclosed
Location
Region
Europe
Country
Bulgaria
City
Sofia
Corporate office
Sofia, Bulgaria
Principals
Pavel Ezekiev
Founder & Partner
Konstantin Petrov
Partner and CFO
Viktor Manev
Partner
Nikola Genchev
Investment Manager
Milena Deneva
Investment Manager
Sector focus
Frequently asked questions
Who makes the final investment decisions at New Vision 3?
Investment decisions are made by the partnership layer, led by founder Pavel Ezekiev and partners Konstantin Petrov and Viktor Manev. Ezekiev brings 25 years of entrepreneurial and investment experience, including the sale of Orbitel to Deutsche Telekom. Petrov adds public-sector financial oversight, while Manev contributes broader regional advisory experience, per the firm's own team disclosures.
What is the relationship between NEVEQ I, NEVEQ II, and New Vision 3?
New Vision 3 is the successor fund to NEVEQ I and II, which shared the same founder, Pavel Ezekiev. Several partners and investment managers carry their roles over from the prior funds. The firm refers to the new vehicle as New Vision 3, signaling a rebranding from the NEVEQ sequence.
What stage does New Vision 3 invest at?
NV3 invests at the startup stage, writing first checks into early-stage companies. It targets companies that are still validating product-market fit and require initial institutional capital. This focus is paired with a public emphasis on hands-on portfolio management after the initial investment.
Which sectors does New Vision 3 target?
The firm's historical focus spans enterprise software, fintech, insurtech, and applied AI. Its ecosystem-building activity — including the Sophia Lab and SEE FinTech & InsurTech Summit — confirms a durable concentration in financial technology and adjacent enterprise infrastructure.
Does New Vision 3 participate in fund commitments or only direct deals?
NV3 appears to operate primarily through direct equity investments into portfolio companies. There is no disclosed fund-of-funds, co-investment club, or LP commitment activity, consistent with a tightly held early-stage direct-investment mandate.
How is New Vision 3 navigating the current venture environment in Southeast Europe?
In December 2024, the firm published its own market analysis detailing a sharp scarcity of fresh capital in the Bulgarian ecosystem, noting that startups turned to alternative funding. NV3 has responded by emphasizing the development and management of its existing portfolio, a posture that signals capital preservation and value creation over rapid new deployment.
Is New Vision 3 an asset manager or a single-family office?
New Vision 3 is an asset manager structured as a private equity firm. It is not a single-family office. The founder's personal liquidity event — the sale of Orbitel — is distinct from the firm's role as an external fund manager raising and deploying institutional capital alongside other partners.
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