Top 10 Hardware VC (Venture Capital) Funds in Bulgaria in September 2025
A list of 10 VC (Venture Capital) funds that invest in Hardware startups based in Bulgaria. We rank investors based on the number of investments they made in Hardware companies from Bulgaria. We update this investor list every month.Top 10 Hardware VC (Venture Capital) Funds in Bulgaria in September 2025
| Investor | Hardware Bulgaria investments | 
|---|---|
| Eleven Ventures | 15 | 
| LAUNCHub Ventures | 7 | 
| SeedBlink | 3 | 
| Freigeist Capital | 2 | 
| Impetus Capital | 2 | 
| Neo Ventures | 2 | 
| Speedinvest | 1 | 
| BrightCap Ventures | 1 | 
| European Investment Bank | 1 | 
| TechOne VC | 1 | 
            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
            
          - Software, SaaS, Information Technology
- Seed, Convertible Note, Pre-Seed
- Bulgaria, United States, United Kingdom
                          Portfolio highlights
              
        - LAM'ON — LAM'ON OOD was created with the intention of creating a product that would be recyclable or compostable, improve environmental and human health safety, and readily replace the existing petroleum-based plastic solutions.
- 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.
- Outfindo — Making bikes & e-bikes buying easy
            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
            
          - Software, SaaS, Enterprise Software
- Seed, Series A, Pre-Seed
- Bulgaria, United Kingdom, United States
                          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.
- SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
- 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.
            All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.
          
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            Investment focus
            
          - Software, Information Technology, SaaS
- Seed, Pre-Seed, Series A
- Romania, United States, United Kingdom
                          Portfolio highlights
              
        - Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.
- Bright Spaces — Reshaping the leasing experience for tenants, agents, and landlords using cutting-edge technologies. We deliver a unique showcasing experience 100% remotely.
- Footprints AI — Footprints is one of the most advanced AI-driven Retail Media platforms in the world, helping physical retailers generate a new high profit margin revenue in 3 months or less.Retail Media will be a $100 billion market by 2025. This means that 1 in 4 dollars in digital ad spend will be on media platforms that leverage intent-based customerbehavior data.Footprints is part of the global Microsoft Pegasus program, a cohort of 12 high-impact AI startups worldwide with the most viable solutions to transform the physical retail model into an AI-driven business model.Footprints' unique technology enables physical retailers to turn anonymous traffic into profitable, predictable audiences by leveraging our proprietary offline-to-online behavioral data fusion, artificial intelligence and algorithmic automation.Since 2017, Footprints has pioneered AI technologies that enable physical retailers to: - Enable an automated omnichannel retail media service - Become the brand of choice in local communities - Expand more profitably into new local communitiesFootprints is currently working with Tier 1 retailers and retail properties to transform their offline and online visitors into retail media.Every day, Footprints orchestrates and processes billions of visits, searches, and purchases from offline and online retail environments for YOU, to meet your customers' needs better than ever before. The result? A seamless shopping experience, more customers, more sales, and a new high profit margin revenue.Retail Media is the #1 priority for retailers everywhere, who can now offer personalized and curated content to their customers around the world.
            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
            
          - Software, Food and Beverage, SaaS
- Seed, Series A, Funding Round
- Germany, The Netherlands, Bulgaria
                          Portfolio highlights
              
        - Akina — Akina is developing the future of gamified digital healthcare to benefit individuals with chronic diseases around the world.
- Collie — Discover how Collie helps farmers achieve higher grass yields, increased milk production, and reduced labor. Manage your pastures easily with our innovative app.
- United Manufacturing Hub — The United Manufacturing Hub is an Open-Source Industrial IoT Infrastructure Platform enabling to easily connect, configure, manage, and maintain their factory.
            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
            
          - Software, Information Technology, Analytics
- Seed, Funding Round, Pre-Seed
- Bulgaria, United States, India
                          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.
            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
            
          - Software, Artificial Intelligence, Aerospace
- Seed, Funding Round, Series A
- Israel, United Kingdom, Estonia
                          Portfolio highlights
              
        - EnduroSat — At EnduroSat, we engineer, build and operate exceptional satellites. Our Mission is to make space universally accessible
- Cyberwrite — TRUSTED BY INDUSTRY LEADERS One platform to accelerate value across the cyber insurance lifecycle THE LATEST FROM CYBERWRITE
- GemmaCert — GemmaCert is a smart solution for testing cannabis potency, which unlike other solutions, is simple and sleek, for everyday use, requiring no specific skill-set for operation, and whose form gives little indication to the sophistication of the technology working underneath. GemmaCert is a bridge between technology and nature. This design createdthe desired attractive and useful man-machine interface for the best possible user experience along with a well-defined product with aesthetic presence without sacrificing on performance. GemmaCert is making a name for high performance, robustness, ease-of-use and reliability.No cannabis flower is the same, so before anyone consumes cannabis, they should have an understanding exactly what is in it and how it may affect them. From pharmacies in Germany, coffeeshops in Amsterdam, to supply chain stakeholders in North America, GemmaCert brings certainty and confidence to cannabis professionals, as well as consumers and patients worldwide.After over two years in research and development, GemmaCert started delivering first units to customers worldwide, primarily in North America and Europe. Revenues are generated from device sales and monthly subscription fees to our analytical service since GemmaCert units are operated and upgraded via secure cloud-based servers.
            Speedinvest is one of Europe’s most active early-stage venture capital funds, with more than €1.2bn in AuM and offices in Berlin, London, Munich, Paris, and Vienna. Our dedicated sector-focused teams (Climate Tech & Industrial Tech, Deep Tech, Fintech, Health & Bio, Marketplaces & Consumer Tech, SaaS & Infra) are the first to fundEMEA's most innovative pre-Seed and Seed tech startups. Our in-house operational experts and global network of industry leaders support our portfolio companies with growth, people (HR), market expansion, and more throughout every stage of their journeys. Bitpanda, GoStudent, Wayflyer, Open, CoachHub, Schüttflix, TourRadar, Adverity, and TWAICE are among our portfolio of 400+ companies.
          
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            Investment focus
            
          - Software, FinTech, Financial Services
- Seed, Series A, Pre-Seed
- United Kingdom, Germany, Austria
                          Portfolio highlights
              
        - ARX Robotics — ARX is a defence technology company that specialises in developing autonomous unmanned systems and sensors for the European defence sector.
- Due — Discover our global payment platform. Powered by open, decentralised and interoperable networks.
- Tibo Energy — To make sure you operate within the limits of your contract we control your network. We avoid congestion in your energy network.
            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
            
          - Software, Analytics, Information Technology
- Seed, Pre-Seed, Funding Round
- Bulgaria, United States, United Kingdom
                          Portfolio highlights
              
        - Apricity — APRICITY is the world's first virtual fertility clinic. It aims at disrupting the fertility treatment experience and at improving chances for women and couples who have difficulties to conceive using data and Artificial Intelligence. The project is led by prominent entrepreneurs, medical practitioners, committed executives and data scientistswith a proven track record.
- 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.
- LucidLink — LucidLink empowers fast and secure collaboration for creative teams working with any file size, across any distance.
            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
            
          - Biotechnology, Health Care, Energy
- Debt Financing, Post-IPO Debt, Funding Round
- France, Germany, The Netherlands
                          Portfolio highlights
              
        - Solynta — Welcome to the homepage of Solynta, leader in hybrid potato breeding and development of hybrid true potato seeds with attractive traits.
- Evaxion Biotech — Evaxion Biotech A/S is a clinical-stage AI-immunology™ platform company decoding the human immune system to discover and develop novel immunotherapies to treat cancer and infectious diseases. Based on its proprietary and scalable AI-immunology core technology, Evaxion is developing a broad pipeline of novel product candidates which currentlyincludes three patient-specific cancer immunotherapies, two of which are in Phase I/IIa clinical development. In addition, Evaxion is advancing a portfolio of vaccines to prevent bacterial and viral infections with one program currently in preclinical development against S. aureus (including Methicillin-resistant S. aureus) induced skin and soft tissue infections.
- Electrica — Electrica is a holding company involved in projects connected to the provision of power to final consumers as well as the development and operation of electrical distribution networks. It primarily serves as the principal electricity supplier in and throughout the town as well as an electricity distribution operator. The following segments make upthe company's business: electricity and gas supply, which is involved in acquiring and providing electricity and gas to end users, electricity generation, which produces electricity, electricity distribution, which offers services related to electricity distribution, external electricity network services, which provides maintenance, repairs, and other services for electricity networks owned by other distributors, and electricity distribution.
            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
            
          - Software, SaaS, Artificial Intelligence
- Seed, Funding Round, Pre-Seed
- Turkey, United States, Estonia
                          Portfolio highlights
              
        - Ekmob — Ekmob creates mobile projects for companies which have mobile field teams and operations.Companies with mobile teams and field operations have some common problems such as inefficiency in management of mobile teams, communication difficulties, inability to get instant data from field, offline mobile team on the field. All these problems lead tolack or deficiency in decision-support systems.
- Getmobil — Getmobill offers services in refurbished devices and their sale and resale.
- Carbon Centrum — Measure, Act & Get Rewarded!
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        VC (Venture Capital) Funds in Bulgaria by industry
        
                      
                                                          
                      
                                                      
      
                Financial Services
                                            
                      
                                                      Climate
                                            
                      
                                                      Payments
                                            
                      
                                                      Food and Beverage
                                            
                      
                                                      Blockchain
                                            
                      
                                                      Hardware
                                            
                      
                                                      Internet
                                            
                      
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                                                      Software
                                            
                      
                                                      Cryptocurrency
                                            
                      
                                                      Enterprise Software
                                            
                      
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                                                      Health Care
                                            
                      
                                                      EdTech
                                            
                      
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                                                      Energy
                                            
                      
                                                      SaaS
                                            
                      
                                                      Marketplace
                                            
                      
                                                      Gaming
                                            
                      
                                                      Transportation
                                            
                      
                                                      Web3
                                            
                      
                                                      Publishing
                                            
                      
                                                      Mobile
                                            
                      
                                                      InsurTech
                                            
                      
                                                      Impact
                                            
                      
                                                      Education
                                            
                      
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