Top 15 Energy VC Funds & Investors in Bulgaria (September 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Eleven Ventures
VC Fund
|
4 | Bulgaria, United States, United Kingdom | Seed, Convertible Note, Pre-Seed | Software, Information Technology, SaaS | $27k–$2.4M |
|
Cherry & Cake Investment
VC Fund
|
1 | Bulgaria | Seed | Software, Marine Technology, Environmental Engineering | |
|
NAP
VC Fund
|
1 | Germany, United Kingdom, Ireland | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS | $1M–$30M |
|
Masdar
VC Fund
|
1 | Spain, Bulgaria, Indonesia | Corporate Round, Secondary Market, Pre-Seed | Energy, Solar, Oil and Gas | |
|
Vitosha Venture Partners
VC Fund
|
1 | Bulgaria, United States, United Kingdom | Pre-Seed, Seed | Software, Marketplace, Information Technology | |
|
Urban Impact Ventures
VC Fund
|
1 | The Netherlands, United States, Bulgaria | Seed, Pre-Seed | Information Technology, SaaS, Energy | $655k–$5.3M |
|
Impetus Capital
VC Fund
|
1 | Bulgaria, United States, India | Seed, Pre-Seed, Convertible Note | Information Technology, Software, SaaS | $121k–$3M |
|
BMW i Ventures
VC Fund
|
1 | United States, Germany, Canada | Series B, Series A | Software, Automotive, Information Technology | $7M–$68M |
|
American University in Bulgaria
VC Fund
|
1 | Bulgaria | Seed | Farming, Organic, Agriculture | |
|
European Bank for Reconstruction and Development
VC Fund
|
1 | Turkey, Egypt, Ukraine | Debt Financing, Post-IPO Debt, Private Equity | Financial Services, Banking, Manufacturing | $5.1M–$369M |
|
EMHS USA INC
VC Fund
|
1 | Bulgaria | Seed | Software, Marine Technology, Environmental Engineering | |
|
LAUNCHub Ventures
VC Fund
|
1 | Bulgaria, United Kingdom, United States | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, SaaS | $54k–$22M |
|
Karoll
VC Fund
|
1 | Bulgaria | Venture - Series Unknown | Energy, GreenTech | |
|
BlackPeak Capital
VC Fund
|
1 | Bulgaria, United States, United Kingdom | Private Equity, Series B, Seed | Manufacturing, Software, Retail | $510k–$50M |
|
MFG Invest
VC Fund
|
1 | Bulgaria, United Kingdom, France | Seed, Pre-Seed, Venture - Series Unknown | Software, Information Technology, FinTech | $110k–$6.8M |
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We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Convertible Note, Pre-Seed
- Geography: Bulgaria, United States, United Kingdom
Investor stats
- Total investments: 183
- Round size: Seed $27k–$2.4M; Pre-Seed $220k–$1.1M; Convertible Note $27k–$120k
- Lead/follow: 32% lead, 68% 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 scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
- Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
Group for investing in startups at early stage
Show more...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.
Cavalry is an early-stage venture capital investor focused on European technology companies.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Pre-Seed
- Geography: Germany, United Kingdom, Ireland
Investor stats
- Total investments: 95
- Round size: Seed $1.6M–$6.3M; Pre-Seed $1M–$6.2M; Series A $4.5M–$30M
- Lead/follow: 35% lead, 65% follow
- Last fund: Likely still investing — fund raised in 2022
Portfolio highlights
- AMPECO — Launch, optimize, and scale EV charging operations with AMPECO's enterprise-grade, AI-native platform. White-label, hardware-agnostic, built for CPOs and eMSPs.
- UniteLabs — UniteLabs provides the foundational operating system for AI-driven lab automation in life science. It accelerates scientific discovery by closing the loop with a unified data and automation infrastructure, seamless integration, and intelligent control. Our platform empowers ambitious biotech companies, big pharma, integrators, and hardware vendorsby offering bidirectional connectors for diverse lab equipment, a scalable cloud platform with an open API, and a powerful workflow engine with an integrated compute environment. This allows for the creation of sophisticated, modular workflows, and enables rapid automation development through our Lab-as-Code environment, featuring a dynamic Python SDK and application-specific libraries.
- beSirius — beSirius transforms ESG chaos into clarity - connecting your data to spot trends, reveal revenue signals, and answer any stakeholder in minutes. Smarter decisions, faster deals, zero admin drain.
Masdar is a renewable energy manufacturer that develops utility-scale renewable energy projects. At Masdar, they are staunch backers of the UAE's shift towards a knowledge-intensive economy. The company's goal is to exemplify the commercial adoption of clean technologies and to represent the UAE’s broader dedication to sustainablepractices.
Show more...Investment focus
- Industry: Energy, Solar, Oil and Gas
- Stage:Corporate Round, Secondary Market, Pre-Seed
- Geography: Spain, Bulgaria, Indonesia
Investor stats
- Total investments: 7
- Lead/follow: 86% lead, 14% 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.
Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria
Show more...Investment focus
- Industry: Software, Marketplace, Information Technology
- Stage:Pre-Seed, Seed
- Geography: Bulgaria, United States, United Kingdom
Investor stats
- Total investments: 24
- Lead/follow: no public data
Portfolio highlights
- SoCyber — SoCyber provides services in the field of Information and Communication Technology, specializing in Cybersecurity services. The main business lines are security as a service, penetration testing, vulnerability assessment, and IT audits. After being a successful service company for several years, SoCyber developed a holistic vulnerability managementsolution "Kikimora.io" that makes the vulnerability management process centralised, transparent and easy to follow and understand. It enables companies to prioritise the remediation of vulnerabilities and address their security issues in a timely manner. The solution saves companies time and money by eliminating the need for repeated security testing that shows the same vulnerabilities.
- Vodoraslo — Vodoraslo believes that everyone deserves better air quality, so by mixing innovation, design, and nature, we can create multiple positive impact solutions.
- AIOT Cloud — Enabling businesses to be energy efficient while optimizing costs
At Urban Impact Ventures we combine creative financial structuring and innovative technology to improve the urban quality of life in Europe.
Show more...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 — Manage every asset through its full lifecycle. Rental, subscription, returns, refurbishment and relisting, in one platform.
- 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.
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.
Show more...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 $121k–$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.
We operate with the speed and rigor of a Silicon Valley VC firm, while leveraging the value-add of BMW as a corporate partner
Show more...Investment focus
- Industry: Software, Automotive, Information Technology
- Stage:Series B, Series A
- Geography: United States, Germany, Canada
Investor stats
- Total investments: 150
- Round size: Series A $7M–$50M; Series B $15M–$68M
- Lead/follow: 37% lead, 63% follow
- Last fund: Likely actively investing — fresh fund, raised $300M in 2026
Portfolio highlights
- Formant — Formant connects robots, operators, enterprise systems, and AI agents through a governed layer for monitoring, intervention, evidence, and orchestration.
- Athenic AI — Athenic AI is a data analytics platform that gets you mission critical insights in seconds, not days. Its platform also offers intuitive data infrastructure, data unification, creating pipelines that measure business, use machine learning for accurate predictions, and sharing dashboards to visualize results.
- Plus One Robotics — The fastest and most reliable parcel handing robotics solutions in your warehouse.
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
Show more...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.
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.
Show more...Investment focus
- Industry: Financial Services, Banking, Manufacturing
- Stage:Debt Financing, Post-IPO Debt, Private Equity
- Geography: Turkey, Egypt, Ukraine
Investor stats
- Total investments: 491
- Round size: Post-IPO Debt $17M–$369M; Debt Financing $5.1M–$225M; Private Equity $15M–$100M
- Lead/follow: 76% lead, 24% follow
Portfolio highlights
- Akbank — Akbank provides banking transactions for economic, financial, and commercial endeavors and activities. Their banking applications include corporate and investment banking, commercial banking, SME banking, retail banking, payment systems, treasury transactions, private banking, and international banking services.
- 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.
- QNB Türkiye — QNB Finansbank is a Turkish bank with headquarters in Istanbul. That provides Banking service.
Access 48,091 investors
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Show more...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.
Seed-stage VC fund for Central and Eastern Europe. 90+ companies backed.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Seed, Series A, Pre-Seed
- Geography: Bulgaria, United Kingdom, United States
Investor stats
- Total investments: 156
- Round size: Seed $54k–$3.5M; Pre-Seed $216k–$2.8M; Series A $2.9M–$22M
- Lead/follow: 20% lead, 80% follow
- Last fund: May invest from a new fund soon — raised $85M in 2021
Portfolio highlights
- nFuse.ai — nFuse scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
- Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
- 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.
Karoll offers a wide range of financial products and services that include asset management, insurance, land banking, and equity financing.
Show more...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.
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.
Show more...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–$549k; 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.
MFG Invest was established by a group of angel investors with the goal of financing venture capital.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Pre-Seed, Venture - Series Unknown
- Geography: Bulgaria, United Kingdom, France
Investor stats
- Total investments: 21
- Round size: Seed $567k–$6.8M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
- Lead/follow: 29% lead, 71% 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.
- Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
- Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
Energy VC funding in Bulgaria at a glance
Stats across 42 deals from 37 investors.
Access all 37 VC funds in Bulgaria Energy startups.
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