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Top 50 Enterprise VC Funds & Investors in Bulgaria (October 2026)

The most active venture capital funds investing in Bulgaria Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Enterprise 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
75 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, E-Commerce, Information Technology $28k–$2.3M
LAUNCHub Ventures
VC Fund
28 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $41k–$22M
Impetus Capital
VC Fund
13 Bulgaria, United States, India Seed, Pre-Seed, Convertible Note Information Technology, Software, SaaS $117k–$3M
Vitosha Venture Partners
VC Fund
7 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
New Vision 3
VC Fund
6 Bulgaria, Italy, Croatia Seed, Pre-Seed, Venture - Series Unknown Software, Payments, Financial Services $108k–$3.4M
NEVEQ
VC Fund
4 Bulgaria, Argentina, Switzerland Seed, Series A, Series B Real Estate, SaaS, Mobile $350k–$2.4M
North Base Media
VC Fund
3 United States, India, Vietnam Seed, Series A, Series B Digital Media, Advertising, News $75k–$23M
UniCredit Bulbank
VC Fund
3 Bulgaria, Germany Convertible Note, Post-IPO Debt, Debt Financing Construction, iOS, Apps $335k–$531k
Morningside Hill Capital Management
VC Fund
3 Bulgaria, China Seed Software, Information Technology, AgTech $1.1M–$4.5M
Zee Prime Capital
VC Fund
2 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Information Technology $2M–$43M
Speedinvest
VC Fund
2 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Artificial Intelligence $411k–$32M
Sofia Angels Ventures
VC Fund
2 Bulgaria, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $108k–$11M
MetaCartel Ventures
VC Fund
2 United States, United Kingdom, Bulgaria Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
Skynet Trading
VC Fund
2 Singapore, United States, Bulgaria Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, FinTech $1.5M–$15M
BrightCap Ventures
VC Fund
2 United States, Bulgaria, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Artificial Intelligence, Information Technology, SaaS $224k–$12M
Bulgarian Development Bank
VC Fund
2 Bulgaria Seed, Pre-Seed, Debt Financing Finance, Software, Health Care $1.1M–$2.7M
Ascensive Assets
VC Fund
2 United States, Singapore, Philippines Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.2M–$10M
SFC Capital
VC Fund
2 United Kingdom, United States, Ireland Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $123k–$2.5M
HR Capital
VC Fund
2 Bulgaria Seed, Venture - Series Unknown E-Commerce, Information Technology, SaaS $292k–$1.2M
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, E-Commerce, Mobile $55k–$5M
South Central Ventures
VC Fund
2 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $34k–$5.3M
3TS Capital Partners
VC Fund
2 United States, Poland, Romania Series A, Venture - Series Unknown Software, SaaS, Information Technology $768k–$12M
Maven Capital
VC Fund
2 United Arab Emirates, Singapore, United States Seed, Venture - Series Unknown, Pre-Seed Blockchain, Gaming, Cryptocurrency $700k–$23M
MFG Invest
VC Fund
2 Bulgaria, United Kingdom, France Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, FinTech $110k–$6.8M
Genblock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.2M–$314M
Public Works
VC Fund
1
IOI Capital
VC Fund
1 Bulgaria Seed Internet, Software, Information Technology
NAP
VC Fund
1 Germany, United Kingdom, Ireland Seed, Series A, Pre-Seed Software, Information Technology, SaaS $1M–$30M
Zephyr Angels
VC Fund
1 Bulgaria, Macedonia Pre-Seed Software, Information Technology, Energy $46k–$350k
Wintermute
VC Fund
1 United States, Singapore, Cayman Islands Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $3M–$50M
Tykhe Ventures
VC Fund
1 United States, India, United Arab Emirates Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.1M–$10M
European Bank for Reconstruction and Development
VC Fund
1 Turkey, Egypt, Ukraine Debt Financing, Post-IPO Debt Financial Services, Banking, Finance $5M–$238M
WAGMI Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Information Technology $116k–$50M
Silverline Capital
VC Fund
1 Bulgaria, Norway, United States Venture - Series Unknown, Series A Machine Learning, Artificial Intelligence, Retail $2.8M–$27M
The Rollup
VC Fund
1 United States, India, Bulgaria Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Decentralized Finance (DeFi) $2M–$27M
European regional development fund (ERDF)
VC Fund
1 United Kingdom, Germany, France Grant, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$9.2M
BlueOcean Ventures
VC Fund
1 Switzerland, India, France Seed, Series A, Series B Health Care, Medical, Personal Health $1M–$20M
DAO Maker
VC Fund
1 Spain, Singapore, Vietnam Seed, Initial Coin Offering, Pre-Seed Blockchain, Cryptocurrency, Financial Services $500k–$11M
Moonwhale Ventures
VC Fund
1 Singapore, United States, India Seed, Pre-Seed Blockchain, Cryptocurrency, Software $225k–$5M
GD10 Ventures
VC Fund
1 Estonia, Hong Kong, India Seed, Initial Coin Offering Blockchain, Gaming, Cryptocurrency $780k–$60M
MV Global
VC Fund
1 United States, United Kingdom, Hong Kong Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $100k–$60M
TechOne VC
VC Fund
1 Turkey, United States, Estonia Seed, Pre-Seed Software, SaaS, Information Technology $30k–$2.4M
Selini Capital
VC Fund
1 United States, Singapore, Canada Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $1.9M–$30M
Daedalus Angel Syndicate
VC Fund
1 United States, France, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$35M
a16z crypto
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Information Technology $500k–$70M
Neo Gravity
VC Fund
1 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
Wintermute Ventures
VC Fund
1 United States, Cayman Islands, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
Hack VC
VC Fund
1 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
Magnus Capital
VC Fund
1 United States, India, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.3M–$34M
SeedBlink
VC Fund
1 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $139k–$35M
Access all 112 VC funds in Bulgaria Enterprise startups.

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 75 investments in Bulgaria Enterprise 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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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 28 investments in Bulgaria Enterprise 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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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 13 investments in Bulgaria Enterprise 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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Vitosha Venture Partners
VC Fund · Sofia, Grad Sofiya, Bulgaria · 7 investments in Bulgaria Enterprise startups, 10 in the past 12 months

Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria

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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
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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 6 investments in Bulgaria Enterprise startups

New Vision 3 is an Early-stage Venture Capital fund.

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Investment focus

  • Industry: Software, Payments, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 27
  • Round size: Seed $217k–$3.4M; Pre-Seed $108k–$605k; Venture - Series Unknown $1.4M–$2.8M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • ELando — eLando is an IT services company that offers cyber security, cloud solution, consulting, mobile solution, and software engineering services.
  • QuarkXR — The Next Gen Compression and Streaming Technology! QuarkXR is an ultra-fast software solution that provides low-latency wireless transmission. It runs the heavy processes on the GPU, and is hardware-agnostic.
  • 365 Data Science — 365 Data Science offers data science, machine learning, and AI training to help you land your dream career. Learn ChatGPT, Python, Excel, Tableau, Power BI, and more.
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NEVEQ
VC Fund · Sofia, Grad Sofiya, Bulgaria · 4 investments in Bulgaria Enterprise startups

NEVEQ (New Europe Venture Equity) is a venture capital fund focused on seed and early stage investments enabling companies to scale and reach growth stage. The fund has invested among others in business intelligence, travel technology, semantic technology, social media, telecommunication solutions and data center businesses.

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Investment focus

  • Industry: Real Estate, SaaS, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: Bulgaria, Argentina, Switzerland

Investor stats

  • Total investments: 9
  • Round size: Seed $350k–$2.4M; Series A $1.7M–$2M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $28M in 2014

Portfolio highlights

  • Properati — Properati is an online and mobile property platform for the real estate market. The company offers buyers, users, agile, free of ads, banners website, and tenants or real estate investors with a quick, designed for them to be able to communicate effectively with the offeror who has what they are looking for.Properati has an office in Sao Paulo,Brazil, and was founded in 2012 and is headquartered in Buenos Aires, Distrito Federal, Argentina.
  • Content Insights — Helping online publishers evaluate, benchmark and rank content and authors' performance across platforms and languages
  • Properati — Properati provides real estate ventures, apartments for sale, land, and properties for rent information.
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North Base Media
VC Fund · Singapore, Central Region, Singapore · 3 investments in Bulgaria Enterprise startups

NBM is a specialized firm that successfully pioneered global digital-media investing over the last decade, backing successes like IDN Media in Indonesia, Pocket Aces in India, TheNewsLens in Taiwan and Capital Digital in Mexico. Its first venture fund, launched in 2015, consistently ranks in the top quartile of media and global venture funds. TheFund, which has been backed by several of the world’s leading media brands, is now open to other investors as its investment team moves to take advantage of the sudden rise of opportunities and new valuations in the global media landscape. NBM’s co-founders are Marcus Brauchli, the former top editor at The Washington Post and The Wall Street Journal; Sasa Vucinic, the longtime CEO of the Media Development Investment Fund (MDIF). The firm’s general counsel is Stuart Karle, former COO of Reuters and General Counsel of the Journal.

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Investment focus

  • Industry: Digital Media, Advertising, News
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Vietnam

Investor stats

  • Total investments: 67
  • Round size: Seed $75k–$5.7M; Series A $1.5M–$7.5M; Series B $2M–$23M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2021

Portfolio highlights

  • Zaiko — Zaiko is the market leader in providing ticketing technology for live events and streaming shows. Monetize your show, engage fans, user analytic data, memberships, and more.
  • Spectrm — charles is the Conversational Marketing AI and CRM platform for brands to attract, convert, and retain customers via AI agents and marketing automations.
  • Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!
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UniCredit Bulbank
VC Fund · 3 investments in Bulgaria Enterprise 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 — SUNOTEC is a leading European company in the development and construction of large-scale solar power plants, specialising in the end-to-end delivery of future-ready energy infrastructure.
  • 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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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Enterprise 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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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Bulgaria Enterprise startups

Totally supercool and chilled VC investing in programmable assets, collaborative intelligence and other buzzwords.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 95
  • Round size: Seed $2M–$9M; Series A $5M–$43M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • TrueDAO — TrueDAO is a new-generation AI-native decentralized autonomous financial infrastructure. Built on the underlying logic of DAO community co-governance, it leverages smart contracts to construct an on-chain financial system integrating AI algorithm scheduling, staking, and dynamic protection. It optimizes economic parameters and asset strategies inreal time via AI models, delivers low-volatility and sustainable value growth paths for digital assets, and pioneers an innovative paradigm of autonomous finance.
  • Cryopets — At the end of their natural lives, we place pets in cryosleep to give them a chance at life again in the future.
  • Share — From subsea cables to last-mile networks, Share coordinates fragmented infrastructure into a single ecosystem.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Speedinvest
VC Fund · Vienna, Wien, Austria · 2 investments in Bulgaria Enterprise startups

Speedinvest is a globally active European venture capital firm built on a simple belief: many move more. From six offices across EMEA, our sector-focused investment teams back relentless founders from pre–Seed to Growth with long-term conviction, providing day-one access to our global network of corporate customers, experts, industry leaders, and top-tier follow-on investors to scale smarter and faster. Building lasting companies like Bitpanda (Austria), Moove (Nigeria), Gigs (U.S.), Tide (UK), ARX Robotics (Germany), Wayflyer (Ireland), GoStudent (Austria), Seqera Labs (Spain), and Cylib (Germany) — together. Big ideas may start with one. But scaling and winning take The Power of More.

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Investment focus

  • Industry: Software, FinTech, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 678
  • Round size: Seed $797k–$7.9M; Pre-Seed $411k–$3.8M; Series A $4.5M–$32M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $372M in 2022

Portfolio highlights

  • Findery — Find and leave notes anywhere in the world, discover local knowledge, hidden secrets, and exciting stories. Share your travel knowledge, geoblog, or local news!
  • GAMINSIDE — GAMINSIDE revolutionizes your relationship with your customers. As European full service provider, we deliver the complete package with solutions, services and software for gamified loyalty that is tailor-made and unique to your products, brands and customers. Integrate the best ideas from gamification and customer loyalty in your business areato exceed your commercial targets with GAMINSIDE.
  • Polaron — Polaron connects process, structure, and performance using AI and image data to accelerate how materials are characterised, designed, and manufactured.
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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Enterprise startups

Agri supply chain tech and finance solutions.World best visual search platformImproving transportation industry via advanced technology and

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $657k–$2.9M; Pre-Seed $108k–$901k; Series A $9.8M–$11M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Ogre AI — AI foresight for every asset, grid node and market, turned into decisions: constraint actions, site schedules, trading positions. Live in 17 countries.
  • Fabrico SaaS — Manufacturing performance platform: MES and OEE software with CMMS built in. Real-time production monitoring, downtime tracking and a price on every loss.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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MetaCartel Ventures
VC Fund · 2 investments in Bulgaria Enterprise startups

they aim to become the creator epicentre of the Web 3 movement,a hunting ground for the earliest of early ventures around decentralized applications and crypto experiments.they fund and support individuals and teams that aim to part-take in the collective effort towards this vision.they are a coordinating body, we are the connectors and fabric ofthe community.they are the infamous el cartel de la meta.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Bulgaria

Investor stats

  • Total investments: 40
  • Round size: Seed $1M–$9M; Pre-Seed $1M–$2.5M; Series A $4.7M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Envio — Index, query, and stream real-time blockchain data for Web3 apps across any EVM chain, plus Solana and Fuel.
  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Hydra Ventures — Hydra Ventures is the first dedicated investment DAO focused on backing and incubate other investment DAOs across the web3 ecosystem.
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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Bulgaria Enterprise startups

Crypto market making experts with 5+ years of experience. We provide stable liquidity, tight spreads, and 24/7 coverage for your digital assets. Book a call today.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Singapore, United States, Bulgaria

Investor stats

  • Total investments: 40
  • Round size: Seed $1.5M–$8.5M; Series A $9M–$15M; Venture - Series Unknown $1.8M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Hybrid — Hybrid is a fintech company that offers a decentralized central AI tool with Web3's ecosystem of AI experts, agents, and data.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — Pheasant Network is an AI-powered DeFi Super App for cross-chain intents, turning any prompt into seamless onchain execution across bridging, swapping, lending, staking, and more.
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Bulgaria Enterprise startups, 7 in the past 12 months

BrightCap Ventures is an early-stage VC fund based in Sofia. We invest in inspiring global founders who leverage local engineering talent, helping them succeed with our entrepreneurial experience and extensive global network.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Bulgaria, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $970k–$6M; Pre-Seed $224k–$2.6M; Venture - Series Unknown $1.8M–$12M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $65M in 2024

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.
  • 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.
  • Self Inspection — Self Inspection provides an AI-powered platform for comprehensive vehicle inspections, covering exterior, interior, tire, and mechanical assessments. With customizable workflows, advanced damage recognition, and expert-reviewed reports, it offers accurate repair estimates and diagnostic results, enhancing transparency and efficiency for automotive professionals in industries like leasing, rentals, marketplaces auctions, and repossessions. Easily accessible via a user-friendly interface, the solution ensures seamless integration and management for all vehicle inspection needs.
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Bulgarian Development Bank
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Enterprise startups

Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB" with a positive outlook by Fitch Ratings. It isthe only Bulgarian bank to provide direct financing as well as financing via other credit institutions. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiaries are the National Guarantee Fund, which issues guarantees for bank loans to the non-financial sector; the Micro Financing Institution Jobs, which provide financing to SMEs and start-ups; the Capital Investments Fund as well as the BDB Leasing and BDB Factoring.

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Investment focus

  • Industry: Finance, Software, Health Care
  • Stage:Seed, Pre-Seed, Debt Financing
  • Geography: Bulgaria

Investor stats

  • Total investments: 4
  • Round size: Seed $1.1M–$2.7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Quendoo — Next generation hotel optimization software. A suite of hospitality tools to increase revenue and growth for hotels of all sizes.
  • MedLease — MedLease specializes in financing solutions for healthcare SMEs, young healthcare professionals and patients. Doctors, partnering clinics and MedLease all share the same end customer – the patient. The company strives to achieve synergy via helping young professionals improve their qualification, financing smaller clinics purchase modern machinesfor treatment/diagnostics and provide the patients with reliable and transparent socially responsible healthcare financing solutions. MedLease believes that this synergy based business model provides trickle down effects that benefits and improves the quality of life of the end customer.
  • Evrotrust — Best way to prove who you are and agree to anything, anywhere. Fully legal, secure and personal. Our mobile first eIDAS solution allows: eID, eSign, eTimestamp, eSeal, eDelivery with the highest status – qualified
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Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 2 investments in Bulgaria Enterprise startups

Ascensive Assets is a seed-stage venture firm that invests in blockchain-enabled companies across the full spectrum of web3.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 61
  • Round size: Seed $1.2M–$8.6M; Venture - Series Unknown $1.8M–$10M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2021

Portfolio highlights

  • StripChain — A full-stack, intent-based interoperability protocol for omnichain apps. Connecting 13+ blockchains through StripChain's unified interoperability layer.
  • Nest Wallet — A Wallet Built for Traders
  • Switchboard — Switchboard allows builders to unlock the power of solana by creating high-performance data feeds from any API. They will bring data on-chain that will enable developers to unlock the future of decentralized applications. They enable the SOL community to push any form of data on-chain.
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SFC Capital
VC Fund · London, England, United Kingdom · 2 investments in Bulgaria Enterprise startups, 53 in the past 12 months

Discover the UK's leading SEIS Fund, offering tax-efficient investments in innovative startups. Join thousands of savvy investors and raise capital for your business with SFC Capital.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 783
  • Round size: Seed $123k–$2M; Pre-Seed $170k–$858k; Venture - Series Unknown $201k–$2.5M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $1.9M in 2019

Portfolio highlights

  • Obsero — Obsero is an AI search intelligence platform and consultancy designed for marketing and communications teams. The platform tracks, measures, and optimizes how brands surface, get cited, and are recommended across Large Language Models (LLMs) and AI search assistants.
  • SolarSub — SolarSub is an environmental firm that offers floating solar cooling system.
  • NEARHUMAN — Nearhuman develops intelligent safety systems for micromobility and other physical-world devices. The company focuses on edge AI and computer vision that run directly on vehicles such as e-scooters and e-bikes to detect hazards, monitor pedestrian proximity, and support real-time decision making. Its flagship product, Scootrr, is an AI-powered safety platform that enables on-device perception, automatic deceleration, and safety analytics without reliance on cloud connectivity. Nearhuman designs its technology to integrate with existing shared micromobility fleets, collaborating with operators, vehicle manufacturers, and research partners. The company also provides dashboards and tools that turn on-vehicle events into route-level safety intelligence for stakeholders such as fleet operators and city authorities. Its work spans hardware vision kits, embedded firmware, perception models, and supporting software for deployment and monitoring.
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HR Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Enterprise startups

A privately held investment vehicle

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Investment focus

  • Industry: E-Commerce, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown
  • Geography: Bulgaria

Investor stats

  • Total investments: 4
  • Round size: Seed $292k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • eBag.bg — eBag is an online grocery retail platform that sells food and groceries. The platform of the company provides a diverse range of farm and dairy goods, fresh fruits and vegetables, and the ability for customers to purchase products online and have them delivered to their homes.
  • Releva — Releva adds an AI shopping chat, smarter search, product recommendations and pop-ups to B2C stores, so every visitor gets a personal shopper, signed in or not.
  • Sensika Technologies — Sensika helps you discover, monitor, and analyze information from online media, social networks, print, TV, and radio.
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Openfund
VC Fund · Athens, Attiki, Greece · 2 investments in Bulgaria Enterprise startups

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 52
  • Round size: Seed $55k–$675k; Series A $1.5M–$5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2013

Portfolio highlights

  • EverythingStore — Multi-crypto e-commerce for buying and selling goods on any blockchain.
  • Rocketgraph —
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Bulgaria Enterprise startups

South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Seed $224k–$3M; Pre-Seed $34k–$2M; Series A $335k–$5.3M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $78M in 2022

Portfolio highlights

  • Bubo² — Easily sell & rent high-value equipment online with immersive 3D technology. Drive conversions and boost customer confidence.
  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Katalist — AI video tool for performance agencies. Generate shots with the best models, keep characters + products consistent, and scale across client in the portfolio.
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Bulgaria Enterprise startups

One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Poland, Romania

Investor stats

  • Total investments: 79
  • Round size: Series A $768k–$12M; Venture - Series Unknown $1M–$11M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $120M in 2024

Portfolio highlights

  • GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
  • Wealthon — Wealthon is a lending firm that offers installment loans, bridging loans, and POSCASH to individuals and businesses.
  • BOOKR Kids — BOOKR Kids helps children develop better first and second language skills using engaging technology and fun reading activities and games.
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Maven Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Bulgaria Enterprise startups

Maven Capital provides funding, supporting and advising ambitious cryptocurrency startups from seed to beyond.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United Arab Emirates, Singapore, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $1.2M–$6M; Pre-Seed $700k–$3.4M; Venture - Series Unknown $3.5M–$23M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Gacha Galaxy — The price oracle for collectible cards. Live marketplace data, grading-aware pricing, prediction signals on top.
  • Cluster Protocol — Liberation Engine for Internet Capital Market
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Enterprise 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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Genblock Capital
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Enterprise startups

Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 154
  • Round size: Seed $1.2M–$8M; Initial Coin Offering $5M–$314M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • OX.FUN — Trade Bitcoin, Ethereum and trending altcoin derivatives on the most FUN exchange around. Join OX.FUN today and earn up to 200% yield. Moo.
  • AINN Layer2 — AINN Layer2 is a decentralized Bitcoin Layer2 network development.It promotes large-scale AI applications
  • Sanctum — Stake SOL and earn optimized LST returns from JupSOL, bbSOL, and more, and launch your own custom LST and Solana validator.
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Public Works
VC Fund · 1 investments in Bulgaria Enterprise startups

Public Works is a software sevelopment firm.

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Investor stats

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

Portfolio highlights

  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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IOI Capital
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Enterprise startups

IOI Capital offers expert investment services, focusing on strategic partnerships, capital raising, and project packaging in sectors like technology, real estate, and green energy. Specializing in Eastern Europe, Central Asia, and the GCC, we drive growth and diversification.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • YouMatch — Find your soulmate in 60 days! No swipes and no texting.
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NAP
VC Fund · Berlin, Berlin, Germany · 1 investments in Bulgaria Enterprise startups

Cavalry is an early-stage venture capital investor focused on European technology companies.

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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.
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Zephyr Angels
VC Fund · Skopje, Karpos, Macedonia · 1 investments in Bulgaria Enterprise startups

Zephyr Angels is a non-exclusive network of business angels that supports new entrepreneurs and accelerates the development of the Macedonian startup ecosystem. Zephyr offers value to investors by defining deals, return on investment and the opportunity to contribute to the development of the ecosystem. We do not only invest in the future - wealso invest in future investors. We mainly invest between 30-100k euros in mostly pre-seed and seed deals. In addition to financial resources, we are ready to share our expertise and contacts with the startups we invest in.

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Investment focus

  • Industry: Software, Information Technology, Energy
  • Stage:Pre-Seed
  • Geography: Bulgaria, Macedonia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $46k–$350k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • barKoder — barKoder is an enterprise-grade mobile barcode scanner SDK that can empower all iOS & Android mobile apps with a revolutionary barcode reading engine.
  • hylosense — Almost all energy is dependent on weather, yet energy companies still rely on outdated weather forecasts which can’t capture details needed for decimal point accuracy. So every small forecast errors trigger grid instability, penalties, and poor energy bids. That's why we built hylosense - hyper-local weather models that are up to 50% moreaccurate than their global counterparts.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Enterprise startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Cayman Islands

Investor stats

  • Total investments: 91
  • Round size: Seed $3M–$18M; Series A $5M–$50M; Venture - Series Unknown $5M–$20M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — BULK is a leaderless network designed so you never need to trade anywhere else.
  • Pave Bank — Pave Bank is built for programmable finance. Hold, move and manage traditional currencies, stablecoins and digital assets from one corporate account, 24/7.
  • Nova Markets — Decide what's next on Hyperliquid.
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Tykhe Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Bulgaria Enterprise startups

At Tykhe Block Ventures, we lead seed rounds into bold ventures and hold liquid investments within the blockchain sector with a focus on decentralisation technologies, digital assets and their key enabling infrastructure.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, United Arab Emirates

Investor stats

  • Total investments: 39
  • Round size: Seed $1.4M–$7.5M; Pre-Seed $1.1M–$5M; Series A $8M–$10M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Zynk — Zynk is a fintech company that offers global payments and liquidity infrastructure.
  • Openbox.ai — OpenBox AI provides a unified trust platform for agentic AI, delivering runtime governance, cryptographic verification, and enterprise-grade AI accountability across systems and organizations.
  • OpenBox AI — OpenBox AI provides AI governance, runtime enforcement, identity, policy, and risk control services.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Enterprise 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, Finance
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Turkey, Egypt, Ukraine

Investor stats

  • Total investments: 431
  • Round size: Post-IPO Debt $14M–$238M; Debt Financing $5M–$211M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Mlinar — Mlinar is the bakery retail and wholesale business in Croatia and operates the largest bakery retail network in South East Europe.
  • Ford Otosan — Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles.Ford Otosan was founded on 1959and is headquartered in Istanbul, Turkey.
  • 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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WAGMI Ventures
VC Fund · New York, New York, United States · 1 investments in Bulgaria Enterprise startups, 25 in the past 12 months

Join our syndicate to gain access to venture backed web3 startups. WAGMI Ventures is a global syndicate of 10,000+ strategic execs from some of the largest crypto companies giving founders distribution partners.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 159
  • Round size: Seed $2.2M–$10M; Pre-Seed $116k–$35M; Series A $7.5M–$50M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • IOTrader — IOTrader is a financial technology company operating a high-volume perpetual decentralized exchange (DEX). Specializing in decentralized finance (DeFi), the platform provides secure, audited cryptocurrency trading for tens of thousands of active monthly users.
  • Tomoland — Tomoland is a social gaming platform where users create avatars, worlds, and multiplayer experiences.
  • Midas — Structured Products, Onchain.
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Silverline Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Enterprise startups

Silverline Capital provides mezzanine and equity financing solutions to mid-market businesses in Bulgaria.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, Retail
  • Stage:Venture - Series Unknown, Series A
  • Geography: Bulgaria, Norway, United States

Investor stats

  • Total investments: 6
  • Round size: Series A $8.3M–$27M; Venture - Series Unknown $2.8M–$3.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
  • Evrotrust — Best way to prove who you are and agree to anything, anywhere. Fully legal, secure and personal. Our mobile first eIDAS solution allows: eID, eSign, eTimestamp, eSeal, eDelivery with the highest status – qualified
  • Codery — Codery functions as an Employer of Record (EOR), acting as the official employer for hired professionals. The firm handles the administrative and legal parts of employment, such as registration, payroll, and compliance with local labor laws, allowing enterprises to hire without having to establish regional offices or legal entities.
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The Rollup
VC Fund · 1 investments in Bulgaria Enterprise startups

Sign up to The Rollup Report For Interviews, Podcasts, And Exclusive Info Delivered Directly To Your Mailbox

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Decentralized Finance (DeFi)
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Bulgaria

Investor stats

  • Total investments: 8
  • Round size: Seed $2M–$27M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BeraTone — BeraTone is a farm life simulation game developed on Berachain technology.
  • Inversion — Inversion is a technology-first investment company that acquires and transforms legacy businesses with blockchain technology.
  • Blockworks — Blockworks is a financial media brand that delivers breaking news and premium insights about digital assets to millions of investors. Our editorial content, newsletters, podcasts and events provide investors with the critical analysis and information they need to make smarter decisions about digital assets.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Bulgaria Enterprise startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Venture - Series Unknown, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $44k–$2.2M; Pre-Seed $44k–$1.2M; Venture - Series Unknown $261k–$9.2M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBiomed provide clinicians and researchers a non-invasive means of sampling fluids.
  • noc™ — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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BlueOcean Ventures
VC Fund · Plan-les-ouates, Geneve, Switzerland · 1 investments in Bulgaria Enterprise startups

BlueOcean Ventures SA provides capital, operational and company development advisory support (mentoring, company management, divestment experience, network, negotiation support) to entrepreneurs in Switzerland. BlueOcean Ventures is based in Geneva, Switzerland.

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Investment focus

  • Industry: Health Care, Medical, Personal Health
  • Stage:Seed, Series A, Series B
  • Geography: Switzerland, India, France

Investor stats

  • Total investments: 17
  • Round size: Seed $1M–$3.1M; Series A $2.3M–$20M; Series B $4M–$16M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • UGX.ai — Connect, process, and optimise industrial operations across manufacturing, OEM, and clean energy with UGX.AI.
  • RockFlow — RockFlow is an investment wonderland for the young. Born to be brave, invest in the moment.
  • official.fm — Officials.fm has done an incredible job at creating a community that brings together different artists and listeners in a very creative and dynamic way.
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DAO Maker
VC Fund · Belle Vue, Cumbria, United Kingdom · 1 investments in Bulgaria Enterprise startups

DAO Maker creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering, Pre-Seed
  • Geography: Spain, Singapore, Vietnam

Investor stats

  • Total investments: 55
  • Round size: Seed $1.2M–$4.8M; Pre-Seed $500k–$3.4M; Initial Coin Offering $700k–$11M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Tea-Fi — Tea-Fi is an all-in-one decentralized finance (DeFi) platform that turns complexity into opportunity.
  • Finceptor — Become an early investor of Web3's top projects with over 250,000 other backers.
  • web3intelligence — Build wealth and trust in the world of crypto with intelligent financial tools, data and infrastructure.
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Moonwhale Ventures
VC Fund · 1 investments in Bulgaria Enterprise startups

Moonwhale is an STO Financial Advisory offering companies strategic advice on STO process & structure, as well as token issuance incl. lifecycle management and secondary market on-boarding for their projects. Moonwhale is also building an End-to-End Security Token Offering (STO) Investment Platform will cater to investors looking to invest inSTO projects, and to companies looking to raise capital through STO to finance business expansion or new ventures. Investors will be presented with vetted projects incl. due- diligence reports and will be able to manage their investments through our platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, United States, India

Investor stats

  • Total investments: 56
  • Round size: Seed $1.2M–$5M; Pre-Seed $225k–$3M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • SQR3D — Transform your idea into 3D assets at scale. Smart Contract Automation for 3D Designs with SQR3D.
  • Reitio Protocol — We’re creating an effortless way for everyone to create custom metaverse assets visually via an intuitive and codeless templates-based design toolkit, introducing reitio protocol.
  • Genesis Shards — Crafting a whole new suite of NFT powered products across multiple blockchains
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GD10 Ventures
VC Fund · 1 investments in Bulgaria Enterprise startups

GD10 Venture helps develop early-stage Web3 companies through their alliance of financiers and marketers.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: Estonia, Hong Kong, India

Investor stats

  • Total investments: 28
  • Round size: Seed $780k–$4.3M; Initial Coin Offering $1.2M–$60M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • DOS Labs — DOS stand for Decentralized Operating System. We build a blockchain gaming platform for web3.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
  • Cross The Ages — Cross The Ages is a universe in which fantasy and science fiction come together. The two worlds share the single continent of Artellium. To the west lies Arkhante, masters of magic and summoning. To the east, the city-continent Mantris is home to ultra-connected multicultural people whose technology has invaded everyday life.The young Malkha,surrounded by her seven Primus, reigns from the capital, Babylonia. To the west, the city-continent Mantris is home to Neurotechs, an ultra-connected multicultural people whose technology has invaded everyday life. The Amortals, humans who have transferred their minds to super-AIs, run the corporations for which the citizen-shareholders of Mantris work.
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MV Global
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in Bulgaria Enterprise startups

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, United Kingdom, Hong Kong

Investor stats

  • Total investments: 90
  • Round size: Seed $1.1M–$8.6M; Initial Coin Offering $100k–$60M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • 0G — The First Decentralized AI Operating System
  • Yellow — Trades clear off-chain through state channels. Only the net result settles on-chain, across the chains participants already use.
  • Mind Network — The 1st Fully Homomorphic Encryption (FHE) Restaking Layer for AI and POS Networks. Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, etc.
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TechOne VC
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Enterprise startups

TechOne VC is a venture capital firm. It invests in innovative tech startups founded by visionary entrepreneurs solving global problems, to deliver superior returns for our investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 72
  • Round size: Seed $115k–$2.4M; Pre-Seed $30k–$605k
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $29M in 2020

Portfolio highlights

  • Co-one — Co-one empowers businesses to unlock the full potential of Generative AI. We provide data-driven solutions for LLM development, including evaluation and dataset generation.
  • Getmobil — Getmobil operates a smart device platform for buying and selling secondhand cellphones, laptops, and tablets. The company's platform repairs defective devices as quickly as possible offers a wide selection of device accessories, buys used electronic devices in good condition from consumers, determines the problems by passing them throughextensive tests, repairs them with an expert technical team, and resells them, allowing consumers to get a new or refurbished product at an affordable, reliable, and competitive price.
  • Spiky.AI — Spiky.ai delivers real-time coaching, CRM sync, and multilingual AI insights to boost sales performance and streamline meetings.
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Selini Capital
VC Fund · 1 investments in Bulgaria Enterprise startups, 8 in the past 12 months

Selini Capital is a multi-strategy trading firm and liquidity provider specializing in crypto assets. With roots in traditional finance and a passion for technology, we strive to bring leadership to this dynamic space.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 73
  • Round size: Seed $1.9M–$16M; Series A $3.2M–$27M; Venture - Series Unknown $2M–$30M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Catalyst — Catalyst develops a platform that converts plain-English trading ideas into automated workflows that track real-time market data and execute financial trades within user-defined parameters.
  • World Foundation — World Foundation is a memberless, non-profit foundation that stewards the World Network and its proof-of-personhood infrastructure. It focuses on advancing digital equity and decentralized internet trust by supporting privacy-preserving identity, blockchain, and financial protocols. The foundation administers community grant programs, allocatesresources to third-party developers, and manages key intellectual property for the World ecosystem. Through affiliated entities, it helps coordinate deployment of the World Chain blockchain and the distribution mechanics of the WLD token. World Foundation also works with technical contributors such as Tools for Humanity to support biometric verification via the Orb and related services. Over time, it is tasked with guiding protocol governance, token mechanisms, and community processes toward more decentralized, community-led control.
  • Perceptron Network — AI agents that learn, earn, and reward trust. Perceptron powers a decentralized mesh of reputation and revenue. Perceptron Network is the first AI-powered system where interactions drive growth and earn real rewards.
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Daedalus Angel Syndicate
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Enterprise startups, 6 in the past 12 months

Daedalus Angel Syndicate is a blockchain-focused angel collective.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, France, Singapore

Investor stats

  • Total investments: 46
  • Round size: Seed $2M–$9M; Pre-Seed $1M–$35M; Series A $11M–$24M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Tenor Labs — Tenor offers institutions a global venue to access and trade stablecoin powered credit markets. All markets are non-custodial.
  • twyne — Twyne operates a decentralized finance (DeFi) credit delegation protocol that routes underutilized borrowing capacity from collateral depositors directly to active market borrowers. The infrastructure functions as an intermediary aggregation layer on top of established lending markets to optimize credit distribution and maximize capital efficiency.
  • Botanika — Meet the new era of hyper-scalable, hyper-efficient decentralized data storage. Our pioneering algorithms completely revolutionize how data is fragmented, encrypted, and stored.
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a16z crypto
VC Fund · Menlo Park, California, United States · 1 investments in Bulgaria Enterprise startups, 14 in the past 12 months

A16z crypto is a $300M venture fund that will invest in crypto companies and protocols. The company's fund is designed to include features of traditional venture capital, updated to the modern crypto world.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 218
  • Round size: Seed $2M–$25M; Pre-Seed $500k–$3M; Series A $9M–$70M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: Likely actively investing — fresh fund, raised $2.2B in 2026

Portfolio highlights

  • Ornn AI, Inc — OranAI offers a comprehensive AI marketing solution that addresses operations, strategy, content production, and insights.OranAI concentrates on sectors including consumer electronics, fashion, FMCG, and cosmetics that have large budgets and quick decision-making cycles.
  • Circle — Circle helps businesses and developers harness the power of digital dollar stablecoins for payments and internet commerce worldwide. Learn more today!
  • Catena Labs — Catena is a product studio where we transform complex computing advancements into accessible, practical tools for users and developers. Leveraging AI and web3 technology our aim is to turn innovative ideas into real-world applications that are easy to use.
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Neo Gravity
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Enterprise startups

Neo Gravity is the 4th successive investment fund of serial entrepreneurs active in Southeast Europe since 2005.Investment strategy is to build increasing stakes in high-end consumer goods & services providers and in personal mobility. Investee companies and targets may be based in SEE but operate on a global scaleRapid digitalization ofthe global economy, convergence of EM economies to Western standards and spread of the pandemic have changed the purchasing behavior of the connected consumer.

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Investment focus

  • Industry: Pet, Craft Beer, Veterinary
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 6
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • DoggoCollar — DoggoCollar is a smart dog collar that tracks dogs’ location, activity, temperature and health.
  • Share a Scoot — Avoid traffic and parking. The service is entirely online without any additional hassle - directly through your smart phone with all operational systems We take care of the energy, the service, the insurance, the helmets and everything else.
  • Cheese the Queen — CHEESE THE QUEEN'S VISION IS TO BE THE NUMBER ONE CHOICE OF CONSCIOUS CONSUMERS IN SEARCH OF THE DELIGHT OF A HEALTHY AND TASTY PALATE. IN PURSUIT OF OUR VISION, WE ARE DEDICATED TO CREATE A SIGNATORY PRODUCT LINE THAT OFFERS INSPIRATIONAL AND NUTRITION-RICH TASTE EXPERIENCE. OUR COMMITMENT TO THE OVERALL WELLNESS OF THE EARTH AND ALL OF ITSINHABITANTS IS MANIFESTED IN OUR CHOOSING OF PLANT-BASEDFOOD TO CREATE OUR PORTFOLIO; ALONG WITH OUR WAYS OF PRODUCTION CENTERED AROUND RESPONSIBILITY AND EFFICIENCY, AND OUR SOURCING AROUND SUSTAINABILITY.
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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Enterprise startups, 12 in the past 12 months

Partner with Wintermute Ventures, a strategic early-stage investor in DeFi

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Cayman Islands, United Kingdom

Investor stats

  • Total investments: 118
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M; Venture - Series Unknown $5M–$31M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Spiko — Cash management for companies and individuals. Open your account in under 5 minutes, earn daily yield on your treasury and access cash anytime.
  • Jeeves — Pay for anything, anywhere, in your local currency. No fees. No interest. No personal guarantees. Mobile-first, built with your team in mind.
  • Silicon Data — Silicon Data delivers real-time GPU pricing, benchmarks, and market intelligence, helping companies optimize costs, performance, and sustainability.
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Hack VC
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Enterprise startups

Hack VC is a web3 venture capital firm.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 293
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$8M; Series A $6M–$42M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Axis Robotics — AXIS ROBOTICS | Transferring Diverse Human Intelligence Into Robotic General Intelligence
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
  • Silicon Data — Silicon Data delivers real-time GPU pricing, benchmarks, and market intelligence, helping companies optimize costs, performance, and sustainability.
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Magnus Capital
VC Fund · 1 investments in Bulgaria Enterprise startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Seed $1.3M–$7.5M; Initial Coin Offering $2.1M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Spicenet — Spicenet is a hyper-fast Layer 2 (L2) trading solution, engineered as a custom application rollup to deliver ultra-fast, reliable, and efficient transaction processing for seamless trading experiences.
  • Real Finance — Purpose-built blockchain infrastructure for issuing, managing, settling, and distributing tokenized financial assets across institutional workflows. Regulated banking integrated at the foundation.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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Enterprise VC funding in Bulgaria at a glance

Stats across 241 deals from 112 investors.

112
investors
in Bulgaria Enterprise startups
241
deals
in Bulgaria Enterprise startups
$106k
median round
in Bulgaria Enterprise startups
48%
lead investors
lead at least one round
50%
Seed
most common funding stage

Access all 112 VC funds in Bulgaria Enterprise startups.

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