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Top 15 Climate Startup Investors in Bulgaria (October 2026)

The most active venture capital funds and angel investors investing in Bulgaria Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Climate startup companies. Find investors to raise a Pre-Seed, Seed or Private Equity round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
8 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, E-Commerce, Information Technology $28k–$2.3M
American University in Bulgaria
VC Fund
1 Bulgaria Seed Farming, Organic, Agriculture
Morningside Hill Capital Management
VC Fund
1 Bulgaria, China Seed Software, Information Technology, AgTech $1.1M–$4.5M
European Bank for Reconstruction and Development
VC Fund
1 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt, Private Equity Financial Services, Banking, Energy $5.1M–$369M
KP Ventures
VC Fund
1 Bulgaria Retail, Manufacturing
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $41k–$22M
MFG Invest
VC Fund
1 Bulgaria, United Kingdom, France Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, FinTech $110k–$6.8M
Karoll
VC Fund
1 Bulgaria Venture - Series Unknown Energy, GreenTech
Cherry & Cake Investment
VC Fund
1 Bulgaria Seed Software, Marine Technology, Environmental Engineering
Masdar
VC Fund
1 United States, Spain, Bulgaria Corporate Round, Secondary Market, Pre-Seed Energy, Solar, Oil and Gas
ReconArt
VC Fund
1 Bulgaria Seed Mobile, Internet, Software
Impetus Capital
VC Fund
1 Bulgaria, United States, India Seed, Pre-Seed, Convertible Note Information Technology, Software, SaaS $117k–$3M
Urban Impact Ventures
VC Fund
1 The Netherlands, United States, Bulgaria Seed, Pre-Seed Information Technology, SaaS, Energy $655k–$5.3M
Blackpeak Capital
VC Fund
1 Bulgaria, Australia Private Equity Shipping, Logistics, E-Commerce $8.9M–$25M
BlackPeak Capital
VC Fund
1 Bulgaria, United States, United Kingdom Private Equity, Series B, Seed Manufacturing, Software, Retail $510k–$50M
Access all 44 investors in Bulgaria Climate startups.

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 8 investments in Bulgaria Climate startups

We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 212
  • Round size: Seed $28k–$2.3M; Pre-Seed $55k–$1.1M; Convertible Note $28k–$120k
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
  • nFuse.ai — nFuse automates B2B orders for FMCG wholesalers and distributors. Revenue uplift of up to 30%, live in under a week. No new apps, no change for your accounts.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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American University in Bulgaria
VC Fund · Blagoevgrad, Blagoevgrad, Bulgaria · 1 investments in Bulgaria Climate startups

AUBG offers excellent U.S. education at a competitive price, with outstanding alumni success worldwide. AUBG is accredited both in the U.S. and in Bulgaria

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Investment focus

  • Industry: Farming, Organic, Agriculture
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Verdere — Verdere is an indoor vertical farm that grows and delivers microgreens exclusively to restaurants. The entire procedure is highly sustainable and environmentally friendly.
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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups

Private investment partnership

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Investment focus

  • Industry: Software, Information Technology, AgTech
  • Stage:Seed
  • Geography: Bulgaria, China

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$4.5M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • nPloy — Simply set your filters and get matched with your dream job! Let top employers apply for you & connect with them via chat or a video call.
  • Yoga Llama — Experience yoga anytime, anywhere with Yoga Llama, a mobile app that combines artificial intelligence and augmented reality to enhance your practice.
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Climate startups

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

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Investment focus

  • Industry: Financial Services, Banking, Energy
  • Stage:Debt Financing, Post-IPO Debt, Private Equity
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 502
  • Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$247M; Private Equity $15M–$100M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • İşbank — İşbank is a Turkish commercial banking service provider.
  • Infinity Power — Infinity Power is the largest African renewable energy company, offering innovative solutions in solar power, wind energy, and low-carbon hydrogen technologies. Discover our projects and commitment to sustainable energy solutions.
  • Tbc Bank Group — TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group.
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KP Ventures
VC Fund · Camp Verde, Arizona, United States · 1 investments in Bulgaria Climate startups

Full-service water well drilling company based in Arizona serving the western United States. Commercial, municipal, and residential water wells, pump installation, repair, and system engineering by experienced contractors.

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Investment focus

  • Industry: Retail, Manufacturing
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Pottery & Poetry — Handmade porcelain plates, bowls, cups and serving pieces from our Sofia studio. Original glazes and custom tableware for homes and restaurants.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups, 6 in the past 12 months

Seed-stage VC fund for Central and Eastern Europe. 90+ companies backed.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 167
  • Round size: Seed $41k–$3.4M; Pre-Seed $216k–$2.8M; Series A $4.4M–$22M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2021

Portfolio highlights

  • 1club AI — 1club is an AI-native club management software platform built for gyms, fitness studios, and multi-sport facilities. It helps operators automate memberships, bookings, scheduling, billing, and member communication in one unified system. With built-in marketplace distribution, branded member portals, and AI agents that assist both staff and members, 1club enables clubs to streamline operations, increase revenue, and deliver a modern digital experience to their communities.
  • Veridion — Veridion is a living digital replica of the business world. Decision-grade data for enterprise scale systems
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups

MFG Invest was established by a group of angel investors with the goal of financing venture capital.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, United Kingdom, France

Investor stats

  • Total investments: 22
  • Round size: Seed $567k–$6.8M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Zara's Place — Zara's Place is a specialized,private paediatric neurorehabilitation facility designed for children and young people suffering from neurological disabilities.
  • Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
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Karoll
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups

Karoll offers a wide range of financial products and services that include asset management, insurance, land banking, and equity financing.

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Investment focus

  • Industry: Energy, GreenTech
  • Stage:Venture - Series Unknown
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Hydrogenera — Hydrogenera specializes in the development of hydrogen technologies.
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Cherry & Cake Investment
VC Fund · Varna, Varna, Bulgaria · 1 investments in Bulgaria Climate startups

Group for investing in startups at early stage

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Investment focus

  • Industry: Software, Marine Technology, Environmental Engineering
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • EMH Systems — EMH Systems specializes in software solutions for marine environmental operations within the Maritime industry as well as producing geodata including maritime boundaries and limits on a global scale.
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Masdar
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Climate startups

Masdar develops and operates renewable energy projects and green hydrogen initiatives across more than 40 countries. Its portfolio includes utility-scale solar, wind, geothermal, waste-to-energy, and battery storage systems. The company aims to expand its renewable energy capacity to 100 gigawatts and produce one million metric tons of green hydrogen annually by 2030. Masdar is jointly owned by the Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company, and Abu Dhabi National Energy Company (TAQA). It has raised capital through green bond issuances to fund its renewable energy projects.

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Investment focus

  • Industry: Energy, Solar, Oil and Gas
  • Stage:Corporate Round, Secondary Market, Pre-Seed
  • Geography: United States, Spain, Bulgaria

Investor stats

  • Total investments: 8
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Repsol — Repsol USA is a company that integrated oil and gas prospection in the World. The most important company in gas and oil exploration. See more here.
  • Repsol-Renewable Energy Portfolio — Repsol-Renewable Energy Portfolio is a hybrid energy operational asset of Repsol.
  • Round-the-Clock renewable energy project — Round-the-Clock renewable energy project is a hybrid power system to deliver uninterrupted electricity 24/7.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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ReconArt
VC Fund · Alexandria, Virginia, United States · 1 investments in Bulgaria Climate startups

AI-powered financial reconciliation and close automation software built for modern finance teams. High-volume transaction matching, audit-ready controls, and automated workflows.

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Investment focus

  • Industry: Mobile, Internet, Software
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ThingsLog — ThingsLog offers a complete solution (devices, platform and mobile app) for measurement, monitoring and alarming of water, gas and/or electricity consumption. ThingsLog manufactures low power multi-channel data loggers with various radio technologies – GSM, NB-IoT and LoRa. Some devices have analog inputs in order to monitor analog 4-20mAsensors for pressure, temperature, humidity, etc. ThingsLog devices have ON/OFF inputs or outputs so that they can trigger alarms or send signal to other devices. ThingsLog devices are CE certified.
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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups

Early stage venture capital fund partnering with founders at Seed and Series A stage. We are not simply the next investor who sends you money and shows up at board meetings. Our team seeks to empower you throughout your journey with actionable, game-changing support.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 26
  • Round size: Seed $117k–$3M; Pre-Seed $163k–$1.8M; Convertible Note $242k–$2.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
  • Crackle Technologies — Crackle Technologies is a vibrant digital publisher ecosystem which is essential for a healthy and useful internet.
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Urban Impact Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Bulgaria Climate startups

A Dutch impact venture capital investor on a mission to improve urban quality of life, with a focus on decarbonization and circularity.

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Investment focus

  • Industry: Information Technology, SaaS, Energy
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, United States, Bulgaria

Investor stats

  • Total investments: 11
  • Round size: Seed $655k–$5.3M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • BIYU — BIYU offers rental equipment services for gardening, party, cleaning, and the kitchen.
  • uIMPACT — Best ESG screening software for Startups and Investors. Measure your impact through the Sustainable development goals and receive expert advice. Start now with uIMPACT
  • IBIS Power — Nederlandse technologische innovatie in duurzame oplossingen voor lokale energie-opwek op daken van vastgoed. Bekend van het gepatenteerde PowerNEST: zonne-energie en windenergie gecombineerd door windturbines in een aerodynamisch geoptimaliseerd nest van zonnepanelen.
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Blackpeak Capital
VC Fund · The Rocks, New South Wales, Australia · 1 investments in Bulgaria Climate startups

Blackpeak Capital is a leading corporate advisory firm specializing in M&A, capital raising, and technology investment banking #

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Investment focus

  • Industry: Shipping, Logistics, E-Commerce
  • Stage:Private Equity
  • Geography: Bulgaria, Australia

Investor stats

  • Total investments: 2
  • Round size: Private Equity $8.9M–$25M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • SKUTOPIA — SKUTOPIA is your smart 3PL fulfilment solutions partner, offering efficient warehousing, pick and pack, and last-mile delivery for eCommerce success.
  • Security Smart Systems — Security Smart Systems operates as an electronics manufacturing service company.
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BlackPeak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Climate startups

BlackPeak Capital is a co-investment growth equity fund focused on investing in high-growth Southeast European small and medium enterprises. BlackPeak Capital is funded by the European Investment Fund, part of the European Investment Bank, through the JEREMIE initiative for support of the SME enterprises in Bulgaria.We invest in equity,mezzanine, and other forms of hybrid capital to support the investment plans of dynamic regional companies. As a co-investment fund, BlackPeak Capital invests alongside other private institutional or individual investors on pari-passu terms. Our target investment ticket is between €1-8 million per transaction.

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Investment focus

  • Industry: Manufacturing, Software, Retail
  • Stage:Private Equity, Series B, Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 21
  • Round size: Seed $510k–$624k; Series B $8.7M–$50M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $132M in 2022

Portfolio highlights

  • Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
  • Fasal — We develop materials & products made from renewable resources!
  • Affinity Life Care — Affinity Life Care is the private provider of elderly care residences in Romania, operating several centers in central Bucharest with a capacity of over 400 authorized beds. These facilities offer a range of accommodation options, from single rooms to shared arrangements, all designed to be comfortable, accessible, and suitable for seniorsrequiring either long-term care or assisted living.
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Climate Investor funding in Bulgaria at a glance

Stats across 59 deals from 44 investors.

44
investors
in Bulgaria Climate startups
59
deals
in Bulgaria Climate startups
$113k
median round
in Bulgaria Climate startups
61%
lead investors
lead at least one round
31%
Pre-Seed
most common funding stage
98/2
VC / Angel
share of investor count

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