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Top 5 Enterprise Software VC Funds & Investors in Bulgaria (October 2026)

The most active venture capital funds investing in Bulgaria Enterprise Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Enterprise Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
5 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, Information Technology, E-Commerce $28k–$2.3M
LAUNCHub Ventures
VC Fund
2 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $54k–$22M
NAP
VC Fund
1 Germany, United Kingdom, Ireland Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $1.3M–$28M
UniCredit Bulbank
VC Fund
1 Bulgaria, Germany Convertible Note, Post-IPO Debt, Debt Financing Construction, iOS, Apps $335k–$531k
IT Web AD
VC Fund
1 Bulgaria Series A Software, Data Storage, Cloud Storage
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 5 investments in Bulgaria Enterprise Software 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, Information Technology, E-Commerce
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 195
  • Round size: Seed $28k–$2.3M; Pre-Seed $55k–$1.1M; Convertible Note $28k–$120k
  • Lead/follow: 33% lead, 67% 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
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Enterprise Software startups

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: 158
  • Round size: Seed $54k–$3.4M; Pre-Seed $216k–$2.8M; Series A $4.4M–$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.
  • 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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NAP
VC Fund · Berlin, Berlin, Germany · 1 investments in Bulgaria Enterprise Software startups, 10 in the past 12 months

The Expert Founders Fund

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Ireland

Investor stats

  • Total investments: 105
  • Round size: Seed $1.8M–$6.5M; Pre-Seed $1.3M–$5.9M; Series A $5M–$28M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $95M in 2022

Portfolio highlights

  • Almetra — We use computer vision and AI analytics to provide insights into manual assembly processes - our platform supports process engineers in driving productivity and quality of assembly processes
  • Zalera — Zelara is an agentic lifecycle system that works on top of your CRM stack to increase customer activation, retention, and lifetime value.
  • SPREAD AI — SPREAD AI develops engineering intelligence software that enables organizations to unify, analyze, and act on complex product data across the entire product lifecycle. The company provides a platform that aggregates structured and unstructured data from systems such as engineering tools, production systems, and documentation into a single,connected data layer. Its core technology creates a “product twin,” a graph-based representation that models how mechanical, electrical, and software components interact within a product. This allows engineering teams to understand dependencies, assess the impact of changes, and make informed decisions based on a complete view of product behavior.SPREAD AI integrates with existing enterprise systems rather than replacing them, acting as a layer that connects data sources and enables real-time analysis and workflow automation. It also provides customizable applications and low-code tools that allow teams to build domain-specific solutions tailored to their engineering needs. The platform incorporates artificial intelligence and automation capabilities, including AI agents that assist with tasks such as data mapping, validation, troubleshooting, and requirements analysis. These tools help reduce manual work and enable faster resolution of engineering issues across development, production, and aftersales processes.
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UniCredit Bulbank
VC Fund · 1 investments in Bulgaria Enterprise Software startups

Investment focus

  • Industry: Construction, iOS, Apps
  • Stage:Convertible Note, Post-IPO Debt, Debt Financing
  • Geography: Bulgaria, Germany

Investor stats

  • Total investments: 5
  • Round size: Convertible Note $335k–$531k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • ARCO TOWERS — ARCO TOWERS is the Financial Supervision Commission granted the Company a license to operate as a special purpose entity, A unique financial entity for the securitization of real estate
  • Sunotec Group — Founded in 2012, Sunotec Group is an innovative, internationally expanding company in the fields of renewable energy and energy efficiency.
  • Appzio — Create great native apps easy. Appzio is a platform for full stack developers to create native mobile applications. Build and maintain apps from the backend, no compiling, no client side coding.
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IT Web AD
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Enterprise Software startups

Investment Company

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Investment focus

  • Industry: Software, Data Storage, Cloud Storage
  • Stage:Series A
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • StorPool — StorPool is designed from the ground up to provide cloud builders, shared hosting providers and MSPs with the most resource efficient storage software on the market. It is faster, more reliable and scalable. Our systems starts from 500 000+ IOPS and 0.2 ms of latency! High performance, low latency, cost reduction!
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Enterprise Software VC funding in Bulgaria at a glance

Stats across 33 deals from 16 investors.

16
investors
in Bulgaria Enterprise Software startups
33
deals
in Bulgaria Enterprise Software startups
$70k
median round
in Bulgaria Enterprise Software startups
50%
lead investors
lead at least one round
42%
Seed
most common funding stage

Access all 16 VC funds in Bulgaria Enterprise Software startups.

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