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Top 10 Impact Startup Investors in Bulgaria (August 2026)

The most active venture capital funds and angel investors investing in Bulgaria Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Impact startup companies. Find investors to raise a Pre-Seed, Seed or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
2 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
Neo Gravity
VC Fund
2 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
Urban Impact Ventures
VC Fund
1 The Netherlands, United States, Bulgaria Seed, Pre-Seed Information Technology, SaaS, Energy $655k–$5.3M
American University in Bulgaria
VC Fund
1 Bulgaria Seed Farming, Organic, Agriculture
Impetus Capital
VC Fund
1 Bulgaria, United States, India Seed, Pre-Seed Information Technology, Software, SaaS $121k–$3M
Masdar
VC Fund
1 Spain, Bulgaria, Indonesia Corporate Round, Secondary Market, Pre-Seed Energy, Solar, Oil and Gas
MFG Invest
VC Fund
1 Bulgaria, United Kingdom, France Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, FinTech $110k–$6.8M
Karoll
VC Fund
1 Bulgaria Venture - Series Unknown Energy, GreenTech
Cherry & Cake Investment
VC Fund
1 Bulgaria Seed Software, Marine Technology, Environmental Engineering
BlackPeak Capital
VC Fund
1 Bulgaria, United States, France Private Equity, Series B, Seed Manufacturing, Leisure, Software $464k–$50M
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Impact 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: 149
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$1.1M; Convertible Note $27k–$121k
  • Lead/follow: 39% lead, 61% 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 — 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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Neo Gravity
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Impact startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Investor stats

  • Total investments: 11
  • Round size: Seed $655k–$5.3M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • BIYU — Manage every asset through its full lifecycle. Rental, subscription, returns, refurbishment and relisting, in one platform.
  • 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
  • IBIS Power — Nederlandse technologische innovatie in duurzame oplossingen voor lokale energie-opwek op daken van vastgoed. Bekend van het gepatenteerde PowerNEST: zonne-energie en windenergie gecombineerd door windturbines in een aerodynamisch geoptimaliseerd nest van zonnepanelen.
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American University in Bulgaria
VC Fund · Blagoevgrad, Blagoevgrad, Bulgaria · 1 investments in Bulgaria Impact startups

AUBG offers excellent U.S. education at a competitive price, with outstanding alumni success worldwide. AUBG is accredited both in the U.S. and in Bulgaria

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Investment focus

  • Industry: Farming, Organic, Agriculture
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Verdere — Verdere is an indoor vertical farm that grows and delivers microgreens exclusively to restaurants. The entire procedure is highly sustainable and environmentally friendly.
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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Impact startups

Early stage venture capital fund partnering with founders at Seed and Series A stage. We are not simply the next investor who sends you money and shows up at board meetings. Our team seeks to empower you throughout your journey with actionable, game-changing support.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 25
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.8M
  • Lead/follow: 36% lead, 64% 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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Masdar
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Impact startups

Masdar is a renewable energy manufacturer that develops utility-scale renewable energy projects. At Masdar, they are staunch backers of the UAE's shift towards a knowledge-intensive economy. The company's goal is to exemplify the commercial adoption of clean technologies and to represent the UAE’s broader dedication to sustainablepractices.

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Investment focus

  • Industry: Energy, Solar, Oil and Gas
  • Stage:Corporate Round, Secondary Market, Pre-Seed
  • Geography: Spain, Bulgaria, Indonesia

Investor stats

  • Total investments: 7
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • Repsol — Repsol USA is a company that integrated oil and gas prospection in the World. The most important company in gas and oil exploration. See more here.
  • Repsol-Renewable Energy Portfolio — Repsol-Renewable Energy Portfolio is a hybrid energy operational asset of Repsol.
  • Round-the-Clock renewable energy project — Round-the-Clock renewable energy project is a hybrid power system to deliver uninterrupted electricity 24/7.
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Impact startups

MFG Invest was established by a group of angel investors with the goal of financing venture capital.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, United Kingdom, France

Investor stats

  • Total investments: 20
  • Round size: Seed $549k–$6.8M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • 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.
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Karoll
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Impact startups

Karoll offers a wide range of financial products and services that include asset management, insurance, land banking, and equity financing.

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Investment focus

  • Industry: Energy, GreenTech
  • Stage:Venture - Series Unknown
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Hydrogenera — Hydrogenera specializes in the development of hydrogen technologies.
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Cherry & Cake Investment
VC Fund · Varna, Varna, Bulgaria · 1 investments in Bulgaria Impact startups

Group for investing in startups at early stage

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Investment focus

  • Industry: Software, Marine Technology, Environmental Engineering
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • EMH Systems — EMH Systems specializes in software solutions for marine environmental operations within the Maritime industry as well as producing geodata including maritime boundaries and limits on a global scale.
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BlackPeak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Impact 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: 21
  • Round size: Seed $464k–$549k; Series B $7.7M–$50M
  • Lead/follow: 38% lead, 62% 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 — We develop materials & products made from renewable resources!
  • 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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Impact Investor funding in Bulgaria at a glance

Stats across 26 deals from 26 investors.

26
investors
in Bulgaria Impact startups
26
deals
in Bulgaria Impact startups
$82k
median round
in Bulgaria Impact startups
50%
lead investors
lead at least one round
42%
Pre-Seed
most common funding stage
96/4
VC / Angel
share of investor count

Access all 26 investors in Bulgaria Impact startups.

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