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Top 25 Financial Services VC Funds & Investors in Bulgaria (June 2026)

The most active venture capital funds investing in Bulgaria Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Financial Services 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
4 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
PostScriptum Ventures
VC Fund
3 Bulgaria, Germany, United States Private Equity, Seed, Angel Software, B2B, SaaS
Vitosha Venture Partners
VC Fund
3 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
Impetus Capital
VC Fund
2 Bulgaria, United States, India Seed, Pre-Seed Software, Information Technology, SaaS $121k–$3M
BlackPeak Capital
VC Fund
2 Bulgaria, United States, France Private Equity, Series B, Seed Manufacturing, Leisure, Software $464k–$50M
European Investment Bank
VC Fund
1 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $11M–$603M
Moonrock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Accession Capital Partners
VC Fund
1 Poland, Bulgaria, Hungary Debt Financing, Private Equity Manufacturing, Telecommunications, Health Care
Skynet Trading
VC Fund
1 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$15M
MFG Invest
VC Fund
1 France, Bulgaria Energy, Events, GreenTech
Silverline Capital
VC Fund
1 Bulgaria, United States Series A Retail, Security, E-Commerce $25M–$27M
Marshland Group
VC Fund
1 United Arab Emirates, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Information Technology $1.5M–$8.5M
METRIX Capital Group
VC Fund
1 Spain, Vietnam, Bulgaria Seed, Pre-Seed Gaming, Blockchain, Cryptocurrency $1.5M–$4.5M
Peech Capital
VC Fund
1 Singapore, Spain, Estonia Seed, Corporate Round Cryptocurrency, Gaming, FinTech $1.8M–$5.7M
Lucid Blue Ventures
VC Fund
1 Singapore, United States, Spain Seed, Series A Blockchain, Gaming, FinTech $1.7M–$10M
Founderful Campus
VC Fund
1 Switzerland, Bulgaria, United States Pre-Seed, Convertible Note, Seed Information Technology, Artificial Intelligence, Robotics $21k–$2.9M
Bulgarian Development Bank
VC Fund
1 Bulgaria Pre-Seed, Debt Financing Finance, Software, Health Care
ZBS CAPITAL
VC Fund
1 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $735k–$25M
Maven Capital Partners
VC Fund
1 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, SaaS $655k–$25M
Varys Capital
VC Fund
1 United States, Panama, Spain Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $735k–$5M
AU21 Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.1M–$14M
Urban Impact Ventures
VC Fund
1 The Netherlands, United States, Bulgaria Seed, Pre-Seed CleanTech, Information Technology, SaaS $978k–$5.3M
New Vision 3
VC Fund
1 Bulgaria, Italy, Croatia Seed, Pre-Seed Consulting, Service Industry, Solar $110k–$4.4M
RR² CAPITAL
VC Fund
1 Bulgaria, Seychelles, Switzerland Seed Blockchain, FinTech, Bitcoin $1M–$2.5M
International Aviation Services
VC Fund
1 Bulgaria Convertible Note Banking, FinTech, Software
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 4 investments in Bulgaria Financial Services 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, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 143
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$796k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Bitloops — Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives.
  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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PostScriptum Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 3 investments in Bulgaria Financial Services startups

Postscriptum Ventures is a venture capital group with a broad portfolio of sustainable investments. Established in 2006, Postscriptum invests in innovative technology and disruptive business models, with a particular focus on the ongoing (r)evolution of the energy sector. We prefer to invest in early stage ventures where our expertise and experience can leverage our financial investments to help realize the full growth potential of the business.

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Investment focus

  • Industry: Software, B2B, SaaS
  • Stage:Private Equity, Seed, Angel
  • Geography: Bulgaria, Germany, United States

Investor stats

  • Total investments: 8
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • QualSights — World's Leading Consumer Insights Platform. Our first-of-its-kind consumer insights tools capture precise usage and deliver the deepest, most authentic insights.
  • Reshape Energy — Reshape is a platform providing building owners and tenants with a better suite of energy services to lower their energy costs and meet sustainability targets.
  • Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.
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Vitosha Venture Partners
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Financial Services 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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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Financial Services 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: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 23
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.9M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

  • Delivers.AI — Delivery droid operator
  • 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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BlackPeak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Financial Services startups

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

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $464k–$549k; Series B $7.7M–$50M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $147M 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 — Fasal offers high-performance injection-moldable compounds made from renewable lumber, allowing for sustainable production of complex and durable wood products.
  • Affinity Life Care — Affinity Life Care is the private provider of elderly care residences in Romania, operating several centers in central Bucharest with a capacity of over 400 authorized beds. These facilities offer a range of accommodation options, from single rooms to shared arrangements, all designed to be comfortable, accessible, and suitable for seniorsrequiring either long-term care or assisted living.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Bulgaria Financial Services startups

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, The Netherlands

Investor stats

  • Total investments: 324
  • Round size: Post-IPO Debt $11M–$603M; Debt Financing $15M–$384M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Affibody — Affibody is a Swedish biotech company focused on developing next generation products for therapy, diagnostic imaging, and other applications based on its unique proprietary technology platforms: Affibody® molecules and Albumod™.Affibody® molecules, which are small, robust and easily produced, can be designed to bind specifically to a largenumber of target proteins. They have a broad range of applications including protein purification, enzyme inhibition, research reagents for protein capture and detection, diagnostics, including molecular imaging, and targeted therapeutics.
  • Icosagen Group — Icosagen is an end-to-end Contract Research, Development & Manufacturing Organization. A science-driven partner for antibody, protein & biologics solutions.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Financial Services startups, 8 in the past 12 months

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Rebar Labs — Rebar Labs is a company that offers research services and infrastructure for bitcoin. The company wants to help users in the Bitcoin ecosystem create more effective and better experiences by addressing issues related to maximum extractable value and offering services that guarantee equitable value distribution.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Tren Finance — Tren Finance: a secure DeFi liquidity protocol offering seamless asset swaps, yield opportunities, and cross-chain compatibility through automated smart contracts, redefining liquidity for users and institutions.
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Accession Capital Partners
VC Fund · Vienna, Wien, Austria · 1 investments in Bulgaria Financial Services startups

Central Europe's leading provider of financing solutions for middle market businesses.

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Investment focus

  • Industry: Manufacturing, Telecommunications, Health Care
  • Stage:Debt Financing, Private Equity
  • Geography: Poland, Bulgaria, Hungary

Investor stats

  • Total investments: 54
  • Lead/follow: no public data

Portfolio highlights

  • 5 to go — Let's find out the story of 5 to go - a business born and raised with pride in Romania
  • Fomtech — Fomtech is a producer of branded technical textile products in the automotive and infrastructure cable industries.
  • Cenatorium — Cenatorium is a property tech company. They offer digital real estate information. They are supplying tools that enable the accelerated and automated use of conventional real estate operations, particularly in the financial industry. They provide real estate valuation, including automatic valuation, real estate portfolio monitoring, and propertyassessment in terms of damage risks.
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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Bulgaria Financial Services 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, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 36
  • Round size: Seed $1.5M–$9.6M; Series A $9M–$15M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • BullPerks — BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs.
  • 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
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Financial Services 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: Energy, Events, GreenTech
  • Geography: France, Bulgaria

Investor stats

  • Total investments: 9
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • 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.
  • Native Teams — Native Teams is the all-in-one global platform for work payments and employment.We help businesses hire, pay, and manage talent across 85+ countries, without setting up local entities. Our platform handles global payroll, compliance, and taxes while empowering international teams and gig workers with flexible financial tools and multi-currencypayment solutions.Whether you're scaling your team or simplifying contractor management, Native Teams makes global hiring simple, secure, and cost-effective.Trusted by 1,500+ companies Operating in 85+ countries Up to 3x lower global employment costsGlobal payroll? Sorted. Compliance? Handled. Payments? Done.
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Access 48,091 investors

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

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Silverline Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Financial Services startups

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

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Investment focus

  • Industry: Retail, Security, E-Commerce
  • Stage:Series A
  • Geography: Bulgaria, United States

Investor stats

  • Total investments: 4
  • Round size: Series A $25M–$27M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Badu — Badu LTD is a fast growing online ecommerce marketplace that operates in Eastern Europe. Badu works with suppliers from around the world to provide fast, reliable and high-quality service for its customers. We deliver a hassle-free shopping experience with the highly preferable option of payment on delivery for intercontinental purchases, whichprovides us with a niche market for customers, seeking security when shopping from abroad.
  • 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.
  • 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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Marshland Group
VC Fund · Castries, Castries, Saint Lucia · 1 investments in Bulgaria Financial Services startups

Marshland Group is a venture capital firm focused on early-stage companies with dynamic teams and disruptive ideas.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United Arab Emirates, United Kingdom, Singapore

Investor stats

  • Total investments: 19
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $1.5M–$1.9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Me3 — Me3 is a crypto wallet to purchase, send, receive, and exchange tokens and NFTs.
  • 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.
  • Interstate — Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1.
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METRIX Capital Group
VC Fund · Anaheim, California, United States · 1 investments in Bulgaria Financial Services startups

METRIX Capital Group was founded in 2011

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Vietnam, Bulgaria

Investor stats

  • Total investments: 10
  • Round size: Seed $1.5M–$4.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • GoFungibles — GoFungibles is a cross-chain state-of-the-art NFT marketplace equipped with all the existing features of conventional NFT marketplaces but augmented with DeFi and gamified components.
  • Legends of Mitra — Discover the best crypto casino slots of 2026. Compare 5 top Bitcoin casinos offering provably fair games, massive bonuses, and instant crypto withdrawals.
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Peech Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Financial Services startups

Peech Capital is a digital asset fund that specialises in decentralised finance and blockchain startups.

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Investment focus

  • Industry: Cryptocurrency, Gaming, FinTech
  • Stage:Seed, Corporate Round
  • Geography: Singapore, Spain, Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$5.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • Kudo Labs — Kudo is building an ecosystem of DeFi and web 3.0 products like Unomi and Bitquity for mainstream crypto adoption.
  • Primex Finance — Primex is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms.In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields; their interest is generated from margin feesand profits on successful trades.Lenders have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies.
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Lucid Blue Ventures
VC Fund · 1 investments in Bulgaria Financial Services startups

Lucid Blue Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Blockchain, Gaming, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Spain

Investor stats

  • Total investments: 35
  • Round size: Seed $1.7M–$6.5M; Series A $3.7M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Velvet Capital — Trade any crypto onchain - spot and perpetuals across 7 chains with AI-powered routing. Non-custodial DeFi trading terminal + AI trading bot. 100K+ traders.
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Founderful Campus
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Bulgaria Financial Services startups, 9 in the past 12 months

Founderful Campus aims to educate students and support entrepreneurs to disrupt the startup culture on campuses, producing the next generation of tech leaders, and creating more value for society.

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Robotics
  • Stage:Pre-Seed, Convertible Note, Seed
  • Geography: Switzerland, Bulgaria, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $2.3M–$2.9M; Pre-Seed $23k–$2.3M; Convertible Note $21k–$31k
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Xelerit — Xelerit is a cutting-edge robotics company specializing in advanced automation solutions. Discover our innovative products and services.
  • Avientus — Avientus is a revolutionary drone network with vertical take-off and landing (VTOL) capabilities to autonomously transport a variety of payloads—including parcels, food, medical supplies, and spare parts—across both urban and rural areas.
  • Recreate — Recreate is a technology platform that focuses on AI-driven content generation and creative automation.
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Bulgarian Development Bank
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Financial Services 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:Pre-Seed, Debt Financing
  • Geography: Bulgaria

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • 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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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Bulgaria Financial Services startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

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

Investor stats

  • Total investments: 124
  • Round size: Seed $735k–$6M; Initial Coin Offering $2.9M–$25M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • MonkeyLeague — MonkeyLeague is a video game company. They develop PC and console-based NFT games. The company offers a turn-based, play-and-earn multi-player soccer game that provides monkey NFTs of genetic composition formulated from 32 traits.
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Maven Capital Partners
VC Fund · Glasgow, Glasgow City, United Kingdom · 1 investments in Bulgaria Financial Services startups

Maven is one of the UK's leading private equity and investment firms. We provide essential capital and expertise to help businesses unlock their potential.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 190
  • Round size: Seed $655k–$5.2M; Series A $2.6M–$25M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • Fluro — Lending Works is a marketplace which facilitates lending from person to person, an idea called peer-to-peer lending. They believe this is a fantastic innovation which allows both lenders and borrowers to enjoy fantastic benefits, and is set to be the future of financial services. Lending and borrowing through Lending Works is a credible and safealternative to using traditional financial institutions.
  • Turnkey Group — Turnkey Group provides advanced sustainability software to help companies and their supply chains manage environmental and social impact, mitigate risk and improve profitability. Turnkey allows companies to collect, monitor and report on ESG data (Environmental, Social and Governance) in a transparent, consistent and comparative manner.Advancedanalytics and robust reporting tools provide full transparency of data across the entire business and create impactful reports for your stakeholders. The easy and cost-effective ESG data collection process minimises manual workflow and errors.Turnkey’s modularised Sustain-Tech SaaS Platform facilitates boards, managers and investors with live position and performance intelligence of their operational cost and supply chain risk in a way that’s simple, smart and secure.
  • Jackson Stapleton Accountants — Jackson Stapleton Accountants is a forward-thinking accounting firm that give the best service possible while remaining true to the profession's values.
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Varys Capital
VC Fund · New York, New York, United States · 1 investments in Bulgaria Financial Services startups

Varys Capital is a total return fund providing secure access to the digital asset class through its dual approach to investment returns in venture capital.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $735k–$5M; Pre-Seed $1.1M–$3.5M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • MSafe — MSafe offers the most secure, decentralized, scalable Web3 non-custodial, multi-signature solution built on Move, ideal for dApp developers to use for treasury management, token management, smart contract development, blockchain protocol admin control, live on Aptos
  • Momentum — Momentum is a move central liquidity engine with multi-sig treasury management, token vesting, and liquidity provisioning.
  • Blueberry Protocol — Access premium DeFi opportunities, tokenized yield strategies, and comprehensive tools for the Hyperevm onchain ecosystem.
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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Financial Services startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

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

Investor stats

  • Total investments: 175
  • Round size: Seed $1.1M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • PERL.eco — The Planetary Ecosystem Registration Ledger will be a dedicated blockchain for real-world ecological assets through tokenizing carbon credits and biodiversity, NFTs and decentralised (DeFi) rewards.
  • Meter.io — Meter.io is a base layer hybrid consensus protocol built to address the volatility, scaling and interoperability problems in the existing cryptocurrencies.
  • Injective — Explore Injective: the high-performance blockchain powering decentralized finance, governance, and next-gen Web3 apps with unmatched speed and scale.
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Urban Impact Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Bulgaria Financial Services startups

At Urban Impact Ventures we combine creative financial structuring and innovative technology to improve the urban quality of life in Europe.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $978k–$5.3M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • BIYU — Transform your business with our modular rental and subscription platform. Proven expertise in warehouse management, asset tracking, and circular economy solutions.
  • Hardt Hyperloop — Hardt develops a transport system in traveling huge distances completely emission-free, safe, and accessible to everyone. Hardt Hyperloop has emerged from the winning team at the SpaceX Hyperloop Competition, dedicated to realizing the hyperloop.
  • 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
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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Financial Services startups

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

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Investment focus

  • Industry: Consulting, Service Industry, Solar
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 14
  • Round size: Seed $406k–$4.4M; Pre-Seed $110k–$549k
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Bronia — Bronia is an intelligent acoustic signal processing technology. It uses cutting-edge proprietary technology to detect noises of interest, determine their sources, and act intelligently.
  • AdScout — AdScout enables businesses to reach new customers through a smart social referral platform
  • VibeJobs — VibeJobsis a company that provides quick and easy access to the most sought-after professionals in the labor market by leveraging a chatbot-based communication and recruiting automation solution.
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RR² CAPITAL
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Bulgaria Financial Services startups

RR2 Capital is a venture capital firm that provides investment services.

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Investment focus

  • Industry: Blockchain, FinTech, Bitcoin
  • Stage:Seed
  • Geography: Bulgaria, Seychelles, Switzerland

Investor stats

  • Total investments: 10
  • Round size: Seed $1M–$2.5M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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International Aviation Services
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Financial Services startups

Founded in 2005, IAS Ltd. initiated its activity as an aviation consulting company with experienced engineers holding FAA A & P EASA licenses.

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Investment focus

  • Industry: Banking, FinTech, Software
  • Stage:Convertible Note
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.
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Financial Services VC funding in Bulgaria at a glance

Stats across 15 deals from 13 investors.

13
investors
in Bulgaria Financial Services startups
15
deals
in Bulgaria Financial Services startups
$1.1M
median round
in Bulgaria Financial Services startups
38%
lead investors
lead at least one round
33%
Debt Financing
most common funding stage

Access all 13 VC funds in Bulgaria Financial Services startups.

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