First Capital Alternatywna Spółka Inwestycyjna Spółka Akcyjna
thinkfirstcapital.com Direct investor
Think First Capital I is a private equity investment platform that invests in scalable companies across North Macedonia and the Western Balkans. It connects institutional capital from Central Europe with high-growth companies in the region.
First Capital Alternatywna Spółka Inwestycyjna Spółka Akcyjna is a private equity firm headquartered in Warsaw, Poland. It invests directly in companies, at growth, in technology & Digital Infrastructure, advanced Manufacturing, healthcare & Applied Sciences and consumer & Creative Industries. Its stated cheque size is € 500K – € 3M. € 100M+ under management and 7 portfolio companies, as it reports.
“Think First Capital I is a private equity investment platform investing in scalable companies across North Macedonia and the Western Balkans, combining institutional governance standards with regional expertise.”
— First Capital Alternatywna Spółka Inwestycyjna Spółka Akcyjna, own website
- Layer
- Direct investor
- Type
- Private equity
- Stage
- Growth
- Invests in
- North Macedonia, Western Balkans, Central Europe, Poland, Europe, USA, UK
- Sectors
- Technology & Digital Infrastructure, Advanced Manufacturing, Healthcare & Applied Sciences, Consumer & Creative Industries, Animation & Creative Industries
- Cheque size
- € 500K – € 3M
- Assets under management
- € 100M+
- Portfolio
- 7 companies
- How to reach it
- Its pitch / apply page on its own site
Team, as First Capital Alternatywna Spółka Inwestycyjna Spółka Akcyjna publishes it
- Kiril Panov Chief Executive Officer
- Damian Andrzejewski Fund Operations Manager
- Jovan Despotovski Lead Advisor
- Zlatka Zdraveva Executive Assistant
- Dragan Lazarov Managing Partner
- Nikola Klopchevski Managing Partner
- Todor Levkov Senior Banking Advisor
Names and roles exactly as listed on thinkfirstcapital.com. Nothing else about these people is recorded.
Most shared portfolio companies with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 2 investors with a shared portfolio company. A shared company is not proof they invested together in the same round.
- Fashion Technology Accelerator 1 shared company: ridebrummell.com
- SandstormVC 1 shared company: modeliks.com
Where this comes from
Every fact above was read from a page First Capital Alternatywna Spółka Inwestycyjna Spółka Akcyjna publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://thinkfirstcapital.com/name, is_investor, layer, type, hq_country, hq_city, invests_in_geographies, description, aum, status, confidence, approach_url
- https://thinkfirstcapital.com/investment-strategy/stage_min, stage_max, sectors, cheque_size
- https://thinkfirstcapital.com/about-us/thesis_quote, thesis_quote_page, people
- https://thinkfirstcapital.com/portfolio/portfolio_count
Record 10453 · added 2026-09-29 · link last verified 2026-10-21 · confidence high
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