By entrepreneurs for entrepreneurs


The team

Investment Criteria

Empower Capital’s ideal target company has a profitable track record, strong ownership profile with undisputed personal and business integrity. It has potential for leadership position, revenue growth and competitively advantaged business model alongside solid financial reporting.

We find it particularly attractive if the company is managed by an experienced team, presents opportunities for vertical and/or horizontal integration, and regional expansion, and generates annual turnover in the range EUR 3 – 25 million.


The Bulgarian VC ecosystem


A truly informative video on Structural Funds’ contribution in building a VC ecosystem in Bulgaria.

Private Equity Scorecard Approach: Quality versus Myth

Empower Capital’s team is honored to have its paper on a proprietary valuation method called PESA™  (Private Equity Scorecard Approach), published by the Journal of Private Equity Spring, 2018. PESA™  (Private Equity Scorecard Approach) is the result of Empower Capital’s efforts to increase the equity value of fund’s portfolio companies by providing a long-term strategic direction […]

Elvin Guri speaking at Voxxed Days Belgrade Conference


Myths to Dispel: „Technological progress and invention is not sufficient to achieve innovation. Successful innovation requires ‘system-building’ skills i.e. ability to put together a coalition of investors, suppliers, customers, regulators etc.“

Participation at the SuperReturn Middle East Conference


Empower Capital was represented by its CEO, Mr. Elvin Guri, at the SuperReturn Middle East Conference, which is part of the SuperReturn Series – the world’s leading private equity events. The conference took place in Abu Dhabi on 22 – 24 October 2017.  The session’s topic was “ Capturing frontier markets opportunity“. Empower Capital was also […]

Elvin Guri on Bulgarian Entrepreneurial Environment


“The small size of the [Bulgarian] market doesn’t reflect the level of companies’ competence and sophistication,” says Mr Elvin Guri, founder of Empower Capital, one of few Bulgarian venture capital funds. Early-stage companies in Bulgaria are struggling due to a shortage of funding, but their untapped potential may be released with effective incentivising by the […]

Operating Partner at Empower Capital Stanislav Nikolaev on Acquisition in Bulgaria


CEE Legal Matters reports on the new acquisition by Mundus Services – VM Automation. VM Automation offers complete engineering including investment consulting, technical management, design, supply and installation of complex solutions, and commissioning, warranty and post warranty maintenance of equipment. The acquisition of the company will allow Mundus Services to further develop its service portfolio, […]

Associated partners

This publication has been produced with the assistance of Operational Programme „Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Union through the European Regional Development Fund. The contents of this publication are the sole responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in no way be taken to reflect the position of the European Union