Who we are
We are entrepreneurs ourselves. We relate to the founders of the businesses we look to invest in as entrepreneurs, not as investors. This creates a unique bond and a unique perspective. We thrive on shaping up businesses and creating opportunities. We are hands-on and we seek to add value.
We set ambitious targets together with the founders and we only put our scarce resources where it matters. We own our destiny and we are well aware that the successes or failures of our business rest, in the end, within our partnership. We are a complementary and diverse group of people who pull in the same direction. Being together feels like a family, but a family focused on performance.
Human fit is the fundamental investment criterion for us. In each and every investment we make, we look for alignment with the founders – a common vision and a joint ambition for the business. Our offering is flexible, meaning that we can offer both minority and majority funding, targeting investments between 10 and 15 million euros.
Our goal is to add and create value in the companies we invest in by not only bringing financial skills to the table but also marketing, sales, procurement, leadership, and HR. Combined with the vision, ambition, drive, and energy of the entrepreneurs, this helps us scale companies at an accelerated pace.
Andrei Gemeneanu
on Morphosis Capital’s entrepreneurial journey
Simona Gemeneanu
on what drives her work at Morphosis Capital
Dragos Petre
on what makes the day-to-day work at Morphosis Capital exciting
Gabriela Dumitru
on Morphosis Capital team
Our funds
Morphosis Capital Fund II
- Launched in 2024, with committed capital of over 100 million euros;
- Has completed 3 investments so far, with a target of 9 to 10 total investments;
- Focuses on entrepreneurial companies with EBITDA between 1 to 5 million euros;
- Facilitates investments ranging between 10 to 15 million euros per company;
- Targets sectors such as healthcare, consumer products & retail, niche manufacturing, and B2B services;
- Concentrates on opportunities within the CEE region – Romania, Bulgaria, Croatia, Czech Republic, Poland, Slovakia, Slovenia.
Morphosis Capital Fund I
- Established in 2018, with committed capital of 50 million euros;
- Allowed us to invest in six entrepreneurial Romanian companies;
- Targeted entrepreneurial companies with EBITDA of over 500k euros;
- Enabled investments ranging between 5 to 15 million euros per company;
- Operated exclusively within the Romanian market;
- Achieved an IRR of over 30% from a full exit and two partial exits;
- Targeted sectors such as healthcare & wellness, technology, industrial production, B2B services, and consumer goods.
Medima
National network of medical imaging and radiology excellence clinics
Cronos Med
Leader in the Romanian aesthetic medicine market for over three decades
Stay Fit Gym
The second largest chain of fitness gyms in Romania
DocProcess
Next-generation cloud platform that helps companies streamline and automate processes
EMI
Market leader in industrial access systems
Investment criteria
We look for opportunities that closely align with our prior experience and we apply our operational expertise and network in addition to deployed capital, partnering with founders every step of the way.
We look for entrepreneurial companies operating in growing markets and fragmented industries, with strong scalability potential driven by organic growth or M&A opportunities.
We invest in businesses in high-growth sectors, with EBITDA between 1 to 5 million euros, in which we can invest between 10 to 15 million euros.
We partner with strong entrepreneurs who have a vision for their businesses to become regional and national champions.
Dragos Petre
on the investment criteria of Morphosis Capital
Andrei Gemeneanu
on turning vision into impact through Morphosis Capital
Dragos Petre
on the Morphosis Capital's definition of a high-growth company
Sectors of focus
We deploy capital into SMEs in high growth sectors that generate EBITDA at the time of investment of minimum 1 million euros
Consumer products & services
Consumer products & services
Brand driven consumer products and services addressing global challenges.
B2B services
B2B services
Companies that provide integrated services to business clients locally and internationally.
Healthcare & Wellness
Healthcare & Wellness
Niche healthcare and wellness products and services.
Niche Manufacturing
Niche Manufacturing
Backing innovative patented industries in niche manufacturing.
Value creation
Morphosis Capital is the solid runway that propels entrepreneurs who believe in the success of their businesses to fulfill their ambitions and turn their vision into reality.
We promise to entrepreneurs the right human dynamic between the company and the investor. We put the interests of our portfolio companies at the core of our investment philosophy and commit to following the vision of our founders.
We help seize existing opportunities and create new ones. We create and add value to a business by bringing to the table not only financial skills but also marketing, sales, procurement, and HR skills so that our skill set, combined with the vision, ambition, drive, and energy of the founder, can help scale up a company extremely fast.
We are a driving force that wants to change the CEE business ecosystem.
Gabriela Dumitru
on the importance of the human fit when making investments
Andrei Gemeneanu
on investing in partnerships, a Morphosis Capital strategy
Gabriela Dumitru
on the day-to-day collaboration between Morphosis Capital and the founders
Andrei Gemeneanu
on growing the next generation of private equity professionals
Geographic reach
Morphosis Capital Fund II operates at a regional level, aiming to help companies reach their potential and contribute to the long-term development of the entrepreneurial ecosystem in Central and Eastern Europe.
Bulgaria
Croatia
Czechia
Poland
Romania
Slovakia
Slovenia
Impact
Anchored by a comprehensive ESG strategy closely overlooking United Nations Sustainable Development Goals (SDGs), Morphosis Capital emphasizes responsible investment practices, robust governance, employee wellbeing, and diversity and inclusion.
With the ambition to become a recognized ESG leader in the regional private equity landscape, and actively working toward Article 8 fund status by Fund III, we strive to ensure that all investments are made in an environmentally sustainable and socially responsible manner—integrating environmental and social considerations into our decision-making processes to enhance both the performance and sustainability of our portfolio.
Simona Gemeneanu
on performance culture at Morphosis Capital
Simona Gemeneanu
on the importance of the governance for Morphosis Capital portfolio companies
Project co-funded by the European Fund for Regional Development through Regional Operational Programme 2014-2020, by the European Union under the InvestEU Fund and by the European Union – NextGenerationEU with the financial backing of the Government of Romania under the Romania Recovery Equity Fund. The content of this website does not necessarily present the official position of the European Union or the Romanian Government.