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Top 25 Hardware Startup Investors in Bulgaria (June 2026)

The most active venture capital funds and angel investors investing in Bulgaria Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Hardware 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
15 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
LAUNCHub Ventures
VC Fund
7 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Internet $44k–$58M
SeedBlink
VC Fund
3 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $126k–$35M
Daniel Tomov
Angel
3 Bulgaria, United Kingdom, Malta Seed, Pre-Seed, Series B FinTech, Software, Small and Medium Businesses $27k–$6.9M
Freigeist Capital
VC Fund
2 Germany, The Netherlands, Bulgaria Seed, Series A, Pre-Seed Software, Food and Beverage, Apps $549k–$20M
Valeri Petrov
Angel
2 Germany, Bulgaria, United States Seed, Angel, Pre-Seed Health Care, B2B, SaaS $265k–$2.3M
Neo Ventures
VC Fund
2 Israel, United States, United Kingdom Seed, Series A SaaS, Software, Aerospace $500k–$24M
Impetus Capital
VC Fund
2 Bulgaria, United States, India Seed, Pre-Seed Software, Information Technology, SaaS $121k–$3M
Ivaylo Simov
Angel
2 Bulgaria, Greece, Estonia Seed, Pre-Seed Coffee, Big Data, Agriculture $27k–$2.3M
European Investment Bank
VC Fund
1 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $16M–$658M
Selahattin Zoralioğl
Angel
1 Turkey, Bulgaria Seed Computer, Software, Web Apps
Sevdalina Vassileva
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Black Peak Capital
VC Fund
1 Bulgaria, France, Slovenia Private Equity, Seed, Series B Manufacturing, Software, Leisure
Tim Draper
Angel
1 United States, United Kingdom, Canada Seed, Series A, Series B Software, FinTech, Financial Services $400k–$50M
Ceecat Capital
VC Fund
1 Turkey, Bulgaria Series A, Series B FinTech, Finance, Payments
Speedinvest
VC Fund
1 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $549k–$38M
Dalibor Jevtic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Vassil Terziev
Angel
1 United States, Bulgaria, United Kingdom Seed, Angel, Pre-Seed Software, SaaS, FinTech $100k–$3.2M
Dejan Pejcic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
BrightCap Ventures
VC Fund
1 United States, Bulgaria, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, SaaS $212k–$6M
TechOne VC
VC Fund
1 Turkey, United States, Estonia Seed, Series A Software, SaaS, Information Technology $175k–$22M
Svetozar Georgiev
Angel
1 United Kingdom, Bulgaria, Greece Seed, Pre-Seed, Angel Software, SaaS, FinTech $110k–$3.2M
Bogomil Balkansky
Angel
1 United States, Israel, Bulgaria Seed, Series A, Series B Software, Artificial Intelligence, Enterprise Software $1.2M–$120M
Miodrag Stankovic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Hristo Hristov
Angel
1 Bulgaria, Ireland, Romania Seed, Pre-Seed, Angel Software, E-Commerce, Internet $637k–$1.1M
Access all 53 investors in Bulgaria Hardware startups.

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 15 investments in Bulgaria Hardware 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: 144
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$800k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% 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.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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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 7 investments in Bulgaria Hardware startups

LAUNCHub is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

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

Investor stats

  • Total investments: 137
  • Round size: Seed $44k–$3.4M; Pre-Seed $183k–$2.3M; Series A $2.8M–$58M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • UVIONIX — Uvionix deploys Autonomous Flying Robots (AFRs) to monitor and report live data, ensuring a comprehensive view of operations, workflow efficiency, and near 100% inventory level accuracy. The system creates live digital twins of warehouse spaces, meticulously tracking each material movement. Delivering precise, unbiased data, and being immune to human error, the platform drastically enhances material planning, reduces stock losses, and lowers labor costs.
  • OfficeRnD — OfficeRnD helps flex space operators and hybrid teams manage the workplace of the future. Book your demo or start a free 14-day trial.
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Daniel Tomov
Angel · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Hardware startups

Daniel is founding partner at Eleven Accelerator Venture Fund and investing in some of the most promising and exciting tech startups in CEE. Daniel has been involved in startups since 2000 as early stage investor and funded (in some cases bootstrapping) entrepreneur in diverse domains ranging from software to mobile to consumer goods torenewable energy. He has been lucky to meet and befriend with some of the greatest tech entrepreneurs in our region.

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Investment focus

  • Industry: FinTech, Software, Small and Medium Businesses
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Bulgaria, United Kingdom, Malta

Investor stats

  • Total investments: 14
  • Round size: Seed $27k–$6.9M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
  • Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
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Freigeist Capital
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 2 investments in Bulgaria Hardware startups

Freigeist Capital is the investment company of Frank Thelen, Marc Sieberger and Alex Koch. We invest in deep tech startups and excellent founders.

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Investment focus

  • Industry: Software, Food and Beverage, Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, The Netherlands, Bulgaria

Investor stats

  • Total investments: 41
  • Round size: Seed $549k–$3.6M; Series A $4.2M–$20M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • BioThrust — Our Bionic Bioreactors are the first ever solution to controllable & scalable cell therapy manufacturing and stem cell-based biomanufacturing.
  • Collie — Discover how Collie helps farmers achieve higher grass yields, increased milk production, and reduced labor. Manage your pastures easily with our innovative app.
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Valeri Petrov
Angel · 2 investments in Bulgaria Hardware startups

Valeri is primarily in charge with investment opportunities in Bulgaria and the Western Balkans. Prior to that, he was Partner at Bancroft Private and, before joining Bancroft, he was Investment Director with Global Finance, running the company’s activities in Bulgaria. Valeri led and co-led many transactions in various countries acrossSouth-Eastern Europe (Romania, Bulgaria, Croatia and Turkey among others). Prior to moving to the Private Equity industry, Valeri ran Orgachim, the largest paints & coating company in Bulgaria (backed by private equity funds, including RAEF) as CEO, where he completed a successful turnaround. Valeri also worked for the Royal Dutch/Shell, and held various positions within the organization. Valeri holds an MSc in Engineering from the Technical University of Sofia. He also attended Management Academy in London and ETP on Business Management in Delaware University, Sofia branch.

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Investment focus

  • Industry: Health Care, B2B, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Germany, Bulgaria, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $265k–$2.3M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Vivian Lab — Vivian Lab is a women's digital health startup. It integrates menopause education, telehealth, personalized treatment regimens, community support, and AI assistants.
  • 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.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Show all investments...

Neo Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware startups

Neo Ventures is the first open-ended early stage investor, based in Eastern Europe. The founders have backed more than 30 startups and exited 10 successfully. We invest in game-changing businesses, without geographic limitations. We partner with exceptional founder teams to challenge incumbents in markets ripe for change or to create entirely newmarkets. Neo Ventures funds and then supports the founders in business planning, scaling operations, follow-on investments, making the best of each opportunity and dealing with hard situations. Our investment focus is on data analytics, computer vision and remote sensing addressing disruptive opportunities across the high-growth SpaceTech, BioTech and Security verticals.

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Investment focus

  • Industry: SaaS, Software, Aerospace
  • Stage:Seed, Series A
  • Geography: Israel, United States, United Kingdom

Investor stats

  • Total investments: 15
  • Round size: Seed $500k–$1.7M; Series A $2.3M–$24M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Bulbi — Bulbi is a child development platform designed to help parents discover online and face-to-face educational activities for their children.
  • Convex — Convex provides the backend building blocks for your agents. Everything you need to build your full-stack project.
  • Cyberwrite — AI-powered cyber insurance intelligence platform that transforms raw data into explainable, defensible financial decisions.
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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware 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: 24
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.9M
  • 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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Ivaylo Simov
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware startups

Ivaylo Simov devised eleven’s strategy. His notorious shyness can be overcome only with ample amounts of beer, preferably while skiing. He was previously a director in a private equity fund, but now wants to change the VC industry from the bottom up.

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Investment focus

  • Industry: Coffee, Big Data, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, Greece, Estonia

Investor stats

  • Total investments: 13
  • Round size: Seed $27k–$2.3M; Pre-Seed $549k–$800k
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
  • 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.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Show all investments...

European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Bulgaria Hardware 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: 361
  • Round size: Post-IPO Debt $18M–$658M; Debt Financing $16M–$384M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Icosagen Group — Icosagen is an end-to-end Contract Research, Development & Manufacturing Organization. A science-driven partner for antibody, protein & biologics solutions.
  • Sensible 4 — a Finnish self-driving tech company that has solved a major obstacle in autonomous driving, varying weather. The company develops full-stack autonomous driving software that turns any vehicle into self-driving. The unique technology combines software and information from several different sensors, enabling vehicles to operate in all weatherconditions, including snowfall and fog. In 2022 it will launch the world’s first commercial all-weather software product, Dawn, for SAE level 4 driverless last-mile shuttles.The founders of Sensible 4 have been developing autonomous vehicles since the ‘80s. In February 2020, Sensible 4 secured 7 million dollars in series A funding round from Japanese investors. The technology has won multiple awards, including 1st place in the Dubai World Challenge for Self-Driving Transport 2019 competition.
  • 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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Selahattin Zoralioğl
Angel · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Hardware startups

Selahattin Zoralioğl

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Investment focus

  • Industry: Computer, Software, Web Apps
  • Stage:Seed
  • Geography: Turkey, Bulgaria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • SORWE — Welcome to a seamless employee experience journey. We help you create an inclusive engagement and performance cycle on mobile.
  • SessionStack — With SessionStack's interactive co-browsing, pixel-perfect session replay, error notifications, troubleshooting insights, and reporting tools, you can empower your support team to create the best experience for your customers. Now you can understand exactly what the user did without them saying a word. SessionStack integrates with Zendesk,Freshdesk, Intercom, Olark, and other support platforms. Works on any web application framework. Across all major browsers. No client-side downloads.
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Sevdalina Vassileva
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

Sevdalina Vassileva - Business developer @ EuroPATC

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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Black Peak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware 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, Software, Leisure
  • Stage:Private Equity, Seed, Series B
  • Geography: Bulgaria, France, Slovenia

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • GenePlanet — GenePlanet is a European company active in the field of biotechnology, specializing in genetic testing and research. They specialize in preventive genetic tests that are intended for the end user, but they also offer clinical genetic tests which help doctors with their therapeutic procedures. Their tests adhere to the highest standards of qualityand are based on the latest scientific discoveries. They provide people with information which can help them adjust their lifestyle accordingly and take measures that will provide additional protection from health risks due to genetic predispositions.
  • Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.
  • ASTRAL Holidays — ASTRAL Holidays is currently the Bulgarian tour operator. The company is the exclusive partner of Thomas Cook for the Bulgarian market since 2013, a partnership which services close to 200,000 incoming tourist annually. Astral is also an exclusive partner for BCD travel, the second largest player globally in the travel industry, covering 110countries and employing more than 11,000 professionals.
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Tim Draper
Angel · San Francisco, California, United States · 1 investments in Bulgaria Hardware startups

Tim Draper is the Founding Partner of Draper Associates. He attended Harvard Business School.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 283
  • Round size: Seed $400k–$5.9M; Series A $2.5M–$25M; Series B $3M–$50M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • GALY — GALY biocrafts premium cocoa and cotton with quality, traceability, and scalable supply for modern brands.
  • Buupass — BuuPass is Kenya's market leader for online bus booking. We enable travelers to reserve seats and make payments in a convenient and timely way. Try BuuPass today!
  • Vivoo — Get personalized wellness insights with Vivoo's innovative, science-backed products. Understand your body's needs and take control of your body. Shop now!
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Ceecat Capital
VC Fund · Schuttrange, Luxembourg, Luxembourg · 1 investments in Bulgaria Hardware startups

We are a highly focused private equity & private credit investment firm that helps small & mid-cap companies achieve strong & sustainable growth

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Stage:Series A, Series B
  • Geography: Turkey, Bulgaria

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Param — Nakit iade avantaj
  • EnduroSat — At EnduroSat, we engineer, build and operate exceptional satellites. Our Mission is to make space universally accessible.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 1 investments in Bulgaria Hardware 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, andtop-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, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 528
  • Round size: Seed $823k–$8M; Pre-Seed $549k–$3.8M; Series A $3.7M–$38M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $384M 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!
  • MinersAI — Unlock valuable insights from intricate geological data with Miners AI. Our AI-driven platform empowers exploration teams to make informed decisions and optimize mining operations.
  • Primer — Primer is the first open automation platform for payments, enabling you to build end-to-end payment flows with no code, and a checkout developers love.
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Dalibor Jevtic
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Dalibor Jevtic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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Vassil Terziev
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

Vassil is responsible for overseeing Telerik’s strategic direction and enabling its rapid growth as a global provider of enterprise-class software and services. As a co-founder of Telerik, Vassil was instrumental in growing the sales, support and business development units of the company and establishing the fanatical dedication to customerservice. Vassil’s vision and dedication has helped Telerik keep its slogan to “Deliver more than expected” and enjoy a solid track record of growing revenues and profitability in the ever changing developer tools marketplace.Vassil earned his Bachelor’s Degree in Business Administration at the American University in Bulgaria and has served in various roles in companies from real estate, investment and high-tech industries.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Bulgaria, United Kingdom

Investor stats

  • Total investments: 23
  • Round size: Seed $212k–$3.2M; Angel $100k–$300k; Pre-Seed $138k–$531k
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Payhawk — Payhawk is a spending software that simplifies expenses, payments, and card spending for growing businesses. The company's platform enables financial officers and business owners to manage the entire spending lifecycle end-to-end. It collects and analyzes receipts, invoices, and card transactions to help stay in control of the budget with nopaperwork for the employees. With its paperless corporate card linked to an automated expense management, Payhawk provides a product on top of existing banks.Payhawk was founded in 2018 and is headquartered in London, England.
  • Reloyalty — We turn every bank card in Europe into a loyalty card. Reloyalty is a fully automated and personalised loyalty platform on top of card payments leveraging Open Banking / PSD2. We enable users to connect existing bank cards to Reloyalty and unlock 10-50% in reward value from their every day shopping. Participating retailers and banks can getaccess to data about their most valuable customers based on purchasing patterns and launch loyalty campaigns with measurable ROI.Reloyalty was founded with the goal of helping businesses identify their most passionate customers and helping those people get treated as such. They believe that the their relationship with the places where they shop, eat and meet with people are more than transactional.
  • UPPER — Upper enables start-ups, businesses, and organizations to find and hire quality tech talent to work full-time, part-time, or hourly
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Dejan Pejcic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Dejan Pejcic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Hardware startups

We invest in early-stage tech startups with roots in Southeast Europe, working on defensible technology and a clear strategy for entering affluent markets.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $932k–$6M; Pre-Seed $212k–$2.6M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $29M in 2018

Portfolio highlights

  • Kardi Ai — With Kardi AI, we aim to offer medical grade cardiac home monitoring for a low cost by utilizing AI to achieve EKG level performance from a low-cost wearable that is available to the patient any time they need it. The Kardi AI kit is available from your cardiologist and contains all you'll need to have at home, cardiac monitoring whenever youneed. Kardi AI's artificial neural network will monitor and diagnose your heart every day, letting you know if you should contact your doctor or go to the emergency room.
  • Deep Infra — Deep Infra offers cost-effective, scalable, easy-to-deploy, and production-ready machine-learning models and infrastructures for deep-learning models.
  • RobosizeME — With headquarters in Czechia and the United States, RobosizeME is a process automation specialist for the global hospitality industry, helping companies automate their operational processes based on our extensive industry knowledge and technical expertise. Our process automations can help hospitality providers automate processes and driveefficiencies in all areas of hotel operations, including Front of House, Back of House, Reservations, Revenue Management, Distribution, Meetings & Events and Finance.Our virtual workers will help your experienced staff to focus on guests and bring your business the expected cost-effectiveness and value.
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TechOne VC
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Hardware 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, Series A
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 51
  • Round size: Seed $175k–$2.8M; Series A $2.2M–$22M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $4.4M 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.
  • Wask — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
  • Getmobil — Getmobill offers services in refurbished devices and their sale and resale.
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Svetozar Georgiev
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

Svetozar Georgiev is the Chairman of the Board at BESCO. He attended American University in Bulgaria, Truman State University, and Technology School Electronic Systems (TUES), both associated with Technical University-Sofia.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United Kingdom, Bulgaria, Greece

Investor stats

  • Total investments: 18
  • Round size: Seed $110k–$3.2M; Angel $165k–$219k; Pre-Seed $138k–$1.1M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Payhawk — Payhawk is a spending software that simplifies expenses, payments, and card spending for growing businesses. The company's platform enables financial officers and business owners to manage the entire spending lifecycle end-to-end. It collects and analyzes receipts, invoices, and card transactions to help stay in control of the budget with nopaperwork for the employees. With its paperless corporate card linked to an automated expense management, Payhawk provides a product on top of existing banks.Payhawk was founded in 2018 and is headquartered in London, England.
  • Reloyalty — We turn every bank card in Europe into a loyalty card. Reloyalty is a fully automated and personalised loyalty platform on top of card payments leveraging Open Banking / PSD2. We enable users to connect existing bank cards to Reloyalty and unlock 10-50% in reward value from their every day shopping. Participating retailers and banks can getaccess to data about their most valuable customers based on purchasing patterns and launch loyalty campaigns with measurable ROI.Reloyalty was founded with the goal of helping businesses identify their most passionate customers and helping those people get treated as such. They believe that the their relationship with the places where they shop, eat and meet with people are more than transactional.
  • Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
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Bogomil Balkansky
Angel · San Francisco, California, United States · 1 investments in Bulgaria Hardware startups

Bogomil Balkansky is a Partner at Sequoia Capital. He started his career as a management consultant at McKinsey & Company. Bogomil holds a bachelor of arts in Mathematics from Cornell University and an MBA from Stanford Graduate School of Business.

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Investment focus

  • Industry: Software, Artificial Intelligence, Enterprise Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, Bulgaria

Investor stats

  • Total investments: 57
  • Round size: Seed $1.2M–$5.1M; Series A $15M–$48M; Series B $35M–$120M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Cortex — Cortex makes it easy for engineering organizations to gain visibility into their services and deliver high quality software.
  • Cortex — Cortex makes it easy for engineering organizations to gain visibility into their services and deliver high quality software.
  • Stoke — Stoke is a freelance management system (FMS) that makes it easy for companies to work with independent contractors. It reduces the hassle of hiring, onboarding, tracking, and managing invoices while ensuring full legal and tax compliance. Stoke works with companies of all sizes, including unicorns like TripActions, SimilarWeb, Scale.ai, andVerbit.
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Miodrag Stankovic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Miodrag Stankovic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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Hristo Hristov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Bulgaria, Ireland, Romania

Investor stats

  • Total investments: 10
  • Round size: Seed $637k–$1.1M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • ONDO Smart Farming Solutions — Precise drip irrigation management and control, precise plant nutrition and climate control for various crops - ONDO Smart Farming solutions.
  • 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.
  • Biodit Global Technology JSC — Biodit Global Technology is a tech company that specializes in development of state-of-the-art biometric security systems.BIODIT means innovation, comfort, design but above all, it means the highest level of SECURITY. Endless areas of application - healthcare industry, business and office centers, commercial and residential buildings,hospitality, banking and automotive industries.The areas of application of our unique biometric technology for access control, time attendance monitoring and management of operations, just to name a few, are endless - healthcare industry, business and office centres, commercial and residential buildings, hospitality industry, university centres, banking industry, automotive industry, security companies etc.
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Hardware Investor funding in Bulgaria at a glance

Stats across 64 deals from 53 investors.

53
investors
in Bulgaria Hardware startups
64
deals
in Bulgaria Hardware startups
$242k
median round
in Bulgaria Hardware startups
40%
lead investors
lead at least one round
47%
Seed
most common funding stage
75/25
VC / Angel
share of investor count

Access all 53 investors in Bulgaria Hardware startups.

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