Top 10 Gaming VC Funds &amp; Investors in Bulgaria (September 2026)

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

Investment focus

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

Investor stats

Total investments: 183
Round size: Seed $27k–$2.4M; Pre-Seed $220k–$1.1M; Convertible Note $27k–$120k
Lead/follow: 32% lead, 68% follow
Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
nFuse.ai — nFuse scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia

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

Investment focus

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

Investor stats

Total investments: 156
Round size: Seed $54k–$3.5M; Pre-Seed $216k–$2.8M; Series A $2.9M–$22M
Lead/follow: 20% lead, 80% follow
Last fund: May invest from a new fund soon — raised $85M in 2021

Portfolio highlights

nFuse.ai — nFuse scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.

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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.

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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A privately held investment vehicle

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 predicts customer lifetime value, personalizes every touchpoint, and automates across email, SMS, WhatsApp, push, web, and app. 250+ B2C brands, 15+ countries. 80% prediction accuracy, 7.7x CLV.
Sensika Technologies — Sensika helps you discover, monitor, and analyze information from online media, social networks, print, TV, and radio.

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Alameda Research is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital assets markets. It was founded in 2017 and is headquartered in Central and Western, Hong Kong.

Investment focus

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

Investor stats

Total investments: 327
Round size: Seed $1M–$8M; Series A $2.7M–$35M; Venture - Series Unknown $250k–$40M
Lead/follow: 38% lead, 62% follow

Portfolio highlights

3Commas — 3Commas develops a crypto-asset management tool for tracking investments and exchanges in a unified platform. It provides access to a unified dashboard as the central hub for trading and portfolio management execution.
Fuel Labs — At Fuel, we are building the fastest execution layer for the modular blockchain stack.
Optim Finance — Optim Finance provides investment tools that optimize yield on digital assets. Their financial primitives enable users to rent ADA delegation rights to power novel use cases such as SPO loans, leverage into ISOs, and initial bonds.

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Seedthrift Ventures incubate early phases of blockchain with capital, support, and promotion.

Investment focus

Industry: Gaming, Blockchain, Cryptocurrency
Stage:Seed, Pre-Seed, Venture - Series Unknown
Geography: Vietnam, Singapore, Philippines

Investor stats

Total investments: 38
Round size: Seed $1.1M–$6M
Lead/follow: 3% lead, 97% follow

Portfolio highlights

Aark — Trade crypto perpetuals with up to 1000x leverage, zero gas fees, and an industry-low 0.01% trading fee. Earn payback on losses with VIP rewards. RWA & altcoin perps on Arbitrum. Backed by OKX Ventures.
Sekuya — Sekuya is an anime gaming metaverse platform that transform the gaming landscape through a community-driven approach in an entirely new anime epic fantasy universe.
Sidus Heroes — gaming company

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HardGamma Ventures is a venture capital fund that invests in startups that focuses on computing, internet, biotechnology, and more. Early stage VC fund focused on Polish and CEE startups.The Fund invests in projects such as seed and startups in the area of computing, Internet, mobile technologies, the biotechnology sector and physicochemicaltechnologies. HardGamma Ventures invests in strong teams developing projects with global potential - providing funding and support for business planning, marketing, product positioning and other business functions.The HardGamma team is constantly in contact and cooperation with leading competitions and incubator programs in Europe and USA - Seedcamp (UK), The Difference Engine (UK), Springboard (UK), Startup Bootcamp (Denmark), TechStars (United States), and the pan-European incubator program HackFwd (Germany), where the team is responsible for the assessment and certification program for start-ups, and the International Incubator of the University of Maryland (United States).The team of HardGamma is also building a network affiliation with other VC funds in the region to broaden the range of exploration and investment opportunities and to increase international support and business opportunities for the portfolio of projects.

Investment focus

Industry: Software, E-Commerce, Education
Stage:Seed, Series A
Geography: United Kingdom, Poland, United States

Investor stats

Total investments: 39
Round size: Seed $35k–$1.1M
Lead/follow: 38% lead, 62% follow

Portfolio highlights

1mind — Finding a therapist is hard, we can help. Get matched to a therapist near you with 1mind.
Codility — The #1 online coding test & interview platform for enterprises. Assess technical talent with valid skill-based assessments and interviews.
Proxigroup — Solving the lack of visibility and transparency in asset management.

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MAQIT is a RegTech firm: we assist you on AML/KYC compliance, CSSF Luxembourg regulations, and European sustainability projects. Learn more about us!

Investment focus

Industry: Farming, Livestock, Agriculture
Stage:Seed
Geography: Bulgaria

Investor stats

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

Portfolio highlights

Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

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

Investment focus

Industry: Manufacturing, Health Care, Telecommunications
Stage:Debt Financing, Venture - Series Unknown
Geography: Poland, Bulgaria, Hungary

Investor stats

Total investments: 60
Round size: Debt Financing $9.9M–$33M; Venture - Series Unknown $7.9M–$24M
Lead/follow: 37% lead, 63% follow
Last fund: Likely still investing — raised $361M in 2024

Portfolio highlights

Polmed — Polmed provides laboratory tests, medical care packages, and diagnostic tests. They offer companies medical packages that vary in scope and cost, and comprehensive occupational medicine management, vaccinations, and preventive measures. An online inquiry form is available on the company's website.
Vetti Group — Veterina koja zna. I razumije.
Agrova International — AGROVA International is a European agri-foods group specialising in egg production and processing, egg proteins, and functional nutrition ingredients.

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