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Top 50 Internet Startup Investors in Bulgaria (October 2026)

The most active venture capital funds and angel investors investing in Bulgaria Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Internet 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
29 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, E-Commerce, Information Technology $28k–$2.3M
LAUNCHub Ventures
VC Fund
11 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $41k–$22M
New Vision 3
VC Fund
4 Bulgaria, Italy, Croatia Seed, Pre-Seed, Venture - Series Unknown Software, Payments, Financial Services $108k–$3.4M
Impetus Capital
VC Fund
3 Bulgaria, United States, India Seed, Pre-Seed, Convertible Note Information Technology, Software, SaaS $117k–$3M
Danish Chaudhry
Angel
3 United States, Bulgaria, India Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $1.5M–$10M
HR Capital
VC Fund
2 Bulgaria Seed, Venture - Series Unknown E-Commerce, Information Technology, SaaS $292k–$1.2M
Skynet Trading
VC Fund
2 Singapore, United States, Bulgaria Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, FinTech $1.5M–$15M
MetaCartel Ventures
VC Fund
2 United States, United Kingdom, Bulgaria Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
Maven Capital
VC Fund
2 United Arab Emirates, Singapore, United States Seed, Venture - Series Unknown, Pre-Seed Blockchain, Gaming, Cryptocurrency $700k–$23M
MFG Invest
VC Fund
2 Bulgaria, United Kingdom, France Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, FinTech $110k–$6.8M
Ascensive Assets
VC Fund
2 United States, Singapore, Philippines Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.2M–$10M
SFC Capital
VC Fund
2 United Kingdom, United States, Ireland Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $123k–$2.5M
Vitosha Venture Partners
VC Fund
2 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
Zee Prime Capital
VC Fund
2 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Information Technology $2M–$43M
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, E-Commerce, Mobile $55k–$5M
Hristo Hristov
Angel
2 Bulgaria, Ireland, Romania Seed, Pre-Seed, Angel Software, E-Commerce, Internet $725k–$1.2M
Wintermute Ventures
VC Fund
1 United States, Cayman Islands, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
Sevdalina Vassileva
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Georgi Zahariev
Angel
1 Bulgaria, United Kingdom Seed Farming, Software, Consulting $720k–$1.2M
Zephyr Angels
VC Fund
1 Bulgaria, Macedonia Pre-Seed Software, Information Technology, Energy $46k–$350k
Denis Gorbunov
Angel
1 Bulgaria Seed Internet, Marketing, E-Commerce $529k–$1.5M
BrightCap Ventures
VC Fund
1 United States, Bulgaria, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Artificial Intelligence, Information Technology, SaaS $224k–$12M
DYNAX Invest
VC Fund
1 Bulgaria Seed Internet, Software, E-Commerce
Wintermute
VC Fund
1 United States, Singapore, Cayman Islands Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $3M–$50M
3TS Capital Partners
VC Fund
1 United States, Poland, Romania Series A, Venture - Series Unknown Software, SaaS, Information Technology $768k–$12M
Sofia Angels Ventures
VC Fund
1 Bulgaria, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $108k–$11M
Momentum 6
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.2M–$8.4M
Hack VC
VC Fund
1 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
Morningside Hill Capital Management
VC Fund
1 Bulgaria, China Seed Software, Information Technology, AgTech $1.1M–$4.5M
Neo Gravity
VC Fund
1 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
European regional development fund (ERDF)
VC Fund
1 United Kingdom, Germany, France Grant, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$9.2M
Dalibor Jevtic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
AU21 Capital
VC Fund
1 United States, Singapore, India Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.1M–$8M
Gate
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $1.2M–$20M
Zoran Arsovski
Angel
1 Bulgaria, Turkey, United States Seed, Angel, Pre-Seed Software, FinTech, Internet $204k–$6.9M
STC Capital
VC Fund
1 Switzerland, United States, Vietnam Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Software $1M–$150M
IOI Capital
VC Fund
1 Bulgaria Seed Internet, Software, Information Technology
GD10 Ventures
VC Fund
1 Estonia, Hong Kong, India Seed, Initial Coin Offering Blockchain, Gaming, Cryptocurrency $780k–$60M
ReconArt
VC Fund
1 Bulgaria Seed Mobile, Internet, Software
Petr Baron
Angel
1 Bulgaria, Ukraine Seed FinTech, Finance, Internet $529k–$1.5M
Nedelcho Spasov
Angel
1 Bulgaria, United Kingdom Seed Farming, FinTech, Payments $567k–$3.3M
Stanimir Vassilev
Angel
1 Bulgaria, United Kingdom Seed Farming, FinTech, Payments $567k–$3.3M
Moonwhale Ventures
VC Fund
1 Singapore, United States, India Seed, Pre-Seed Blockchain, Cryptocurrency, Software $225k–$5M
Dejan Pejcic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Bogomil Balkansky
Angel
1 United States, Israel, Bulgaria Seed, Series A, Series B Software, Artificial Intelligence, Enterprise Software $1.2M–$120M
Magnus Capital
VC Fund
1 United States, India, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.3M–$34M
MV Global
VC Fund
1 United States, United Kingdom, Hong Kong Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $100k–$60M
DAO Maker
VC Fund
1 Spain, Singapore, Vietnam Seed, Initial Coin Offering, Pre-Seed Blockchain, Cryptocurrency, Financial Services $500k–$11M
Genblock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.2M–$314M
Miodrag Stankovic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Access all 31 investors in Bulgaria Internet startups.

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

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 29 investments in Bulgaria Internet 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, E-Commerce, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 212
  • Round size: Seed $28k–$2.3M; Pre-Seed $55k–$1.1M; Convertible Note $28k–$120k
  • Lead/follow: 31% lead, 69% 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 automates B2B orders for FMCG wholesalers and distributors. Revenue uplift of up to 30%, live in under a week. No new apps, no change for your accounts.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 11 investments in Bulgaria Internet startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 166
  • Round size: Seed $41k–$3.4M; Pre-Seed $216k–$2.8M; Series A $4.4M–$22M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $85M in 2021

Portfolio highlights

  • 1club AI — 1club is an AI-native club management software platform built for gyms, fitness studios, and multi-sport facilities. It helps operators automate memberships, bookings, scheduling, billing, and member communication in one unified system. With built-in marketplace distribution, branded member portals, and AI agents that assist both staff and members, 1club enables clubs to streamline operations, increase revenue, and deliver a modern digital experience to their communities.
  • Veridion — Veridion is a living digital replica of the business world. Decision-grade data for enterprise scale systems
  • 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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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 4 investments in Bulgaria Internet startups

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

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Investment focus

  • Industry: Software, Payments, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 27
  • Round size: Seed $217k–$3.4M; Pre-Seed $108k–$605k; Venture - Series Unknown $1.4M–$2.8M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • ELando — eLando is an IT services company that offers cyber security, cloud solution, consulting, mobile solution, and software engineering services.
  • QuarkXR — The Next Gen Compression and Streaming Technology! QuarkXR is an ultra-fast software solution that provides low-latency wireless transmission. It runs the heavy processes on the GPU, and is hardware-agnostic.
  • 365 Data Science — 365 Data Science offers data science, machine learning, and AI training to help you land your dream career. Learn ChatGPT, Python, Excel, Tableau, Power BI, and more.
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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Internet 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, Convertible Note
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 26
  • Round size: Seed $117k–$3M; Pre-Seed $163k–$1.8M; Convertible Note $242k–$2.6M
  • 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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Danish Chaudhry
Angel · London, England, United Kingdom · 3 investments in Bulgaria Internet startups

Danish Chaudhry is a GP & Co-Founder at Paper Ventures.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Bulgaria, India

Investor stats

  • Total investments: 30
  • Round size: Seed $1.6M–$7M; Pre-Seed $1.5M–$3.3M; Venture - Series Unknown $5.5M–$10M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Nexio — Making Bitcoin Productive
  • Turtle Club — Aggregated, diligenced, personalized onchain yield management.
  • Neutral Trade — Where allocators source strategies and traders raise capital. Institutional-grade quant vaults on-chain.
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HR Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Internet startups

A privately held investment vehicle

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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 adds an AI shopping chat, smarter search, product recommendations and pop-ups to B2C stores, so every visitor gets a personal shopper, signed in or not.
  • Sensika Technologies — Sensika helps you discover, monitor, and analyze information from online media, social networks, print, TV, and radio.
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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Bulgaria Internet startups

Crypto market making experts with 5+ years of experience. We provide stable liquidity, tight spreads, and 24/7 coverage for your digital assets. Book a call today.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Singapore, United States, Bulgaria

Investor stats

  • Total investments: 40
  • Round size: Seed $1.5M–$8.5M; Series A $9M–$15M; Venture - Series Unknown $1.8M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Hybrid — Hybrid is a fintech company that offers a decentralized central AI tool with Web3's ecosystem of AI experts, agents, and data.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — Pheasant Network is an AI-powered DeFi Super App for cross-chain intents, turning any prompt into seamless onchain execution across bridging, swapping, lending, staking, and more.
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MetaCartel Ventures
VC Fund · 2 investments in Bulgaria Internet startups

they aim to become the creator epicentre of the Web 3 movement,a hunting ground for the earliest of early ventures around decentralized applications and crypto experiments.they fund and support individuals and teams that aim to part-take in the collective effort towards this vision.they are a coordinating body, we are the connectors and fabric ofthe community.they are the infamous el cartel de la meta.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $1M–$9M; Pre-Seed $1M–$2.5M; Series A $4.7M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Envio — Index, query, and stream real-time blockchain data for Web3 apps across any EVM chain, plus Solana and Fuel.
  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Hydra Ventures — Hydra Ventures is the first dedicated investment DAO focused on backing and incubate other investment DAOs across the web3 ecosystem.
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Maven Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Bulgaria Internet startups

Maven Capital provides funding, supporting and advising ambitious cryptocurrency startups from seed to beyond.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United Arab Emirates, Singapore, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $1.2M–$6M; Pre-Seed $700k–$3.4M; Venture - Series Unknown $3.5M–$23M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Gacha Galaxy — The price oracle for collectible cards. Live marketplace data, grading-aware pricing, prediction signals on top.
  • Cluster Protocol — Liberation Engine for Internet Capital Market
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Internet 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: 22
  • Round size: Seed $567k–$6.8M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
  • Lead/follow: 32% lead, 68% 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.
  • Zara's Place — Zara's Place is a specialized,private paediatric neurorehabilitation facility designed for children and young people suffering from neurological disabilities.
  • Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 2 investments in Bulgaria Internet startups

Ascensive Assets is a seed-stage venture firm that invests in blockchain-enabled companies across the full spectrum of web3.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 61
  • Round size: Seed $1.2M–$8.6M; Venture - Series Unknown $1.8M–$10M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2021

Portfolio highlights

  • StripChain — A full-stack, intent-based interoperability protocol for omnichain apps. Connecting 13+ blockchains through StripChain's unified interoperability layer.
  • Nest Wallet — A Wallet Built for Traders
  • Switchboard — Switchboard allows builders to unlock the power of solana by creating high-performance data feeds from any API. They will bring data on-chain that will enable developers to unlock the future of decentralized applications. They enable the SOL community to push any form of data on-chain.
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SFC Capital
VC Fund · London, England, United Kingdom · 2 investments in Bulgaria Internet startups, 53 in the past 12 months

Discover the UK's leading SEIS Fund, offering tax-efficient investments in innovative startups. Join thousands of savvy investors and raise capital for your business with SFC Capital.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 783
  • Round size: Seed $123k–$2M; Pre-Seed $170k–$858k; Venture - Series Unknown $201k–$2.5M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $1.9M in 2019

Portfolio highlights

  • Obsero — Obsero is an AI search intelligence platform and consultancy designed for marketing and communications teams. The platform tracks, measures, and optimizes how brands surface, get cited, and are recommended across Large Language Models (LLMs) and AI search assistants.
  • SolarSub — SolarSub is an environmental firm that offers floating solar cooling system.
  • NEARHUMAN — Nearhuman develops intelligent safety systems for micromobility and other physical-world devices. The company focuses on edge AI and computer vision that run directly on vehicles such as e-scooters and e-bikes to detect hazards, monitor pedestrian proximity, and support real-time decision making. Its flagship product, Scootrr, is an AI-powered safety platform that enables on-device perception, automatic deceleration, and safety analytics without reliance on cloud connectivity. Nearhuman designs its technology to integrate with existing shared micromobility fleets, collaborating with operators, vehicle manufacturers, and research partners. The company also provides dashboards and tools that turn on-vehicle events into route-level safety intelligence for stakeholders such as fleet operators and city authorities. Its work spans hardware vision kits, embedded firmware, perception models, and supporting software for deployment and monitoring.
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Vitosha Venture Partners
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Internet startups, 10 in the past 12 months

Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria

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Investment focus

  • Industry: Software, Marketplace, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • SoCyber — SoCyber provides services in the field of Information and Communication Technology, specializing in Cybersecurity services. The main business lines are security as a service, penetration testing, vulnerability assessment, and IT audits. After being a successful service company for several years, SoCyber developed a holistic vulnerability managementsolution "Kikimora.io" that makes the vulnerability management process centralised, transparent and easy to follow and understand. It enables companies to prioritise the remediation of vulnerabilities and address their security issues in a timely manner. The solution saves companies time and money by eliminating the need for repeated security testing that shows the same vulnerabilities.
  • Vodoraslo — Vodoraslo believes that everyone deserves better air quality, so by mixing innovation, design, and nature, we can create multiple positive impact solutions.
  • AIOT Cloud — Enabling businesses to be energy efficient while optimizing costs
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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Bulgaria Internet startups

Totally supercool and chilled VC investing in programmable assets, collaborative intelligence and other buzzwords.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 95
  • Round size: Seed $2M–$9M; Series A $5M–$43M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • TrueDAO — TrueDAO is a new-generation AI-native decentralized autonomous financial infrastructure. Built on the underlying logic of DAO community co-governance, it leverages smart contracts to construct an on-chain financial system integrating AI algorithm scheduling, staking, and dynamic protection. It optimizes economic parameters and asset strategies inreal time via AI models, delivers low-volatility and sustainable value growth paths for digital assets, and pioneers an innovative paradigm of autonomous finance.
  • Cryopets — At the end of their natural lives, we place pets in cryosleep to give them a chance at life again in the future.
  • Share — From subsea cables to last-mile networks, Share coordinates fragmented infrastructure into a single ecosystem.
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Openfund
VC Fund · Athens, Attiki, Greece · 2 investments in Bulgaria Internet startups

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 52
  • Round size: Seed $55k–$675k; Series A $1.5M–$5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $20M in 2013

Portfolio highlights

  • EverythingStore — Multi-crypto e-commerce for buying and selling goods on any blockchain.
  • Rocketgraph —
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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Hristo Hristov
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Internet 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 $725k–$1.2M
  • 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 adds an AI shopping chat, smarter search, product recommendations and pop-ups to B2C stores, so every visitor gets a personal shopper, signed in or not.
  • 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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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Internet startups, 12 in the past 12 months

Partner with Wintermute Ventures, a strategic early-stage investor in DeFi

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Investment focus

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

Investor stats

  • Total investments: 118
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M; Venture - Series Unknown $5M–$31M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Spiko — Cash management for companies and individuals. Open your account in under 5 minutes, earn daily yield on your treasury and access cash anytime.
  • Jeeves — Pay for anything, anywhere, in your local currency. No fees. No interest. No personal guarantees. Mobile-first, built with your team in mind.
  • Silicon Data — Silicon Data delivers real-time GPU pricing, benchmarks, and market intelligence, helping companies optimize costs, performance, and sustainability.
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Sevdalina Vassileva
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet 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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Georgi Zahariev
Angel · 1 investments in Bulgaria Internet startups

Georgi Zahariev is an angel investor.

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Investment focus

  • Industry: Farming, Software, Consulting
  • Stage:Seed
  • Geography: Bulgaria, United Kingdom

Investor stats

  • Total investments: 2
  • Round size: Seed $720k–$1.2M
  • Lead/follow: 0% lead, 100% 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.
  • Fabrico SaaS — Manufacturing performance platform: MES and OEE software with CMMS built in. Real-time production monitoring, downtime tracking and a price on every loss.
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Zephyr Angels
VC Fund · Skopje, Karpos, Macedonia · 1 investments in Bulgaria Internet startups

Zephyr Angels is a non-exclusive network of business angels that supports new entrepreneurs and accelerates the development of the Macedonian startup ecosystem. Zephyr offers value to investors by defining deals, return on investment and the opportunity to contribute to the development of the ecosystem. We do not only invest in the future - wealso invest in future investors. We mainly invest between 30-100k euros in mostly pre-seed and seed deals. In addition to financial resources, we are ready to share our expertise and contacts with the startups we invest in.

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Investment focus

  • Industry: Software, Information Technology, Energy
  • Stage:Pre-Seed
  • Geography: Bulgaria, Macedonia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $46k–$350k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • barKoder — Enterprise barcode scanning SDK with PDF417, DeBlur, DPM, MRZ, MultiScan, Dotcode, AR + VIN . Works on iOS, Android, Web (WASM), Windows & Linux.
  • hylosense — Hyper-local weather for energy assets. Predict output, reduce losses with site-specific forecasts trusted by global energy leaders.
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Denis Gorbunov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet startups

Denis Gorbunov

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Investment focus

  • Industry: Internet, Marketing, E-Commerce
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 3
  • Round size: Seed $529k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Swipe.bg — Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones.
  • Releva — Releva adds an AI shopping chat, smarter search, product recommendations and pop-ups to B2C stores, so every visitor gets a personal shopper, signed in or not.
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Internet startups, 7 in the past 12 months

BrightCap Ventures is an early-stage VC fund based in Sofia. We invest in inspiring global founders who leverage local engineering talent, helping them succeed with our entrepreneurial experience and extensive global network.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Bulgaria, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $970k–$6M; Pre-Seed $224k–$2.6M; Venture - Series Unknown $1.8M–$12M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $65M in 2024

Portfolio highlights

  • 1club AI — 1club is an AI-native club management software platform built for gyms, fitness studios, and multi-sport facilities. It helps operators automate memberships, bookings, scheduling, billing, and member communication in one unified system. With built-in marketplace distribution, branded member portals, and AI agents that assist both staff and members, 1club enables clubs to streamline operations, increase revenue, and deliver a modern digital experience to their communities.
  • 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.
  • Self Inspection — Self Inspection provides an AI-powered platform for comprehensive vehicle inspections, covering exterior, interior, tire, and mechanical assessments. With customizable workflows, advanced damage recognition, and expert-reviewed reports, it offers accurate repair estimates and diagnostic results, enhancing transparency and efficiency for automotive professionals in industries like leasing, rentals, marketplaces auctions, and repossessions. Easily accessible via a user-friendly interface, the solution ensures seamless integration and management for all vehicle inspection needs.
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DYNAX Invest
VC Fund · 1 investments in Bulgaria Internet startups

Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Fundraise.Space — undraise.Space is a virtual one-stop-shop accelerator, where startups no longer need to give up equity and relocate in order to move from 0 to 1.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Internet startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $3M–$18M; Series A $5M–$50M; Venture - Series Unknown $5M–$20M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — BULK is a leaderless network designed so you never need to trade anywhere else.
  • Pave Bank — Pave Bank is built for programmable finance. Hold, move and manage traditional currencies, stablecoins and digital assets from one corporate account, 24/7.
  • Nova Markets — Decide what's next on Hyperliquid.
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Bulgaria Internet startups

One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Poland, Romania

Investor stats

  • Total investments: 79
  • Round size: Series A $768k–$12M; Venture - Series Unknown $1M–$11M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $120M in 2024

Portfolio highlights

  • GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
  • Wealthon — Wealthon is a lending firm that offers installment loans, bridging loans, and POSCASH to individuals and businesses.
  • BOOKR Kids — BOOKR Kids helps children develop better first and second language skills using engaging technology and fun reading activities and games.
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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet startups

Agri supply chain tech and finance solutions.World best visual search platformImproving transportation industry via advanced technology and

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Bulgaria, United Kingdom, Germany

Investor stats

  • Total investments: 22
  • Round size: Seed $657k–$2.9M; Pre-Seed $108k–$901k; Series A $9.8M–$11M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Ogre AI — AI foresight for every asset, grid node and market, turned into decisions: constraint actions, site schedules, trading positions. Live in 17 countries.
  • Fabrico SaaS — Manufacturing performance platform: MES and OEE software with CMMS built in. Real-time production monitoring, downtime tracking and a price on every loss.
  • Blue Longevity — Expert care for a healthier, longer life. Opening soon Athens | Istanbul | Sofia
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Momentum 6
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Internet startups

Building momentum for ideas in WEB3.

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Investment focus

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

Investor stats

  • Total investments: 128
  • Round size: Seed $1.4M–$8.4M; Pre-Seed $1.2M–$2M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Rivalz Network — Join the connectivity infrastructure between AI Agents, DeFAI and Markets.
  • RiskLayer — RiskLayer is an economic security middleware for DeFi and providing services and validating Creating positive feedback loops.
  • Perceptron Network — AI agents that learn, earn, and reward trust. Perceptron powers a decentralized mesh of reputation and revenue. Perceptron Network is the first AI-powered system where interactions drive growth and earn real rewards.
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Hack VC
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Internet startups

Hack VC is a web3 venture capital firm.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 293
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$8M; Series A $6M–$42M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Axis Robotics — AXIS ROBOTICS | Transferring Diverse Human Intelligence Into Robotic General Intelligence
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
  • Silicon Data — Silicon Data delivers real-time GPU pricing, benchmarks, and market intelligence, helping companies optimize costs, performance, and sustainability.
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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet startups

Private investment partnership

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Investment focus

  • Industry: Software, Information Technology, AgTech
  • Stage:Seed
  • Geography: Bulgaria, China

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$4.5M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • nPloy — Simply set your filters and get matched with your dream job! Let top employers apply for you & connect with them via chat or a video call.
  • Yoga Llama — Experience yoga anytime, anywhere with Yoga Llama, a mobile app that combines artificial intelligence and augmented reality to enhance your practice.
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
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Neo Gravity
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet 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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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Bulgaria Internet startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Venture - Series Unknown, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $44k–$2.2M; Pre-Seed $44k–$1.2M; Venture - Series Unknown $261k–$9.2M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBiomed provide clinicians and researchers a non-invasive means of sampling fluids.
  • noc™ — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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Dalibor Jevtic
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Bulgaria Internet 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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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Internet startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 217
  • Round size: Seed $1.1M–$5.8M; Venture - Series Unknown $1.3M–$8M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • A-World — Welcome to Animal World, a battle game based on #BNBCHAIN's super metaverse card tower defense. By setting up a hero tower to destroy monsters.
  • NeuronX — NeuronX Protocol is the pioneering decentralized lending protocol on Dfinity, setting the stage for smart DeFi. By focusing on AI-driven automation and enhanced user experiences, NeuronX aims to revolutionize the DeFi landscape and appeal to a broader audience. At the core of NeuronX is a groundbreaking innovation: AI-Powered Smart LiquidityPlatforms (AILPs). These AILPs are advanced vault strategies operated by intelligent AI algorithms. Users can effortlessly gain leverage by simply depositing a base asset. Behind the scenes, AILPs leverage AI to automate complex transactions and continuously rebalance positions, ensuring optimal leverage without the risk of liquidation. This integration of AI streamlines the process, making advanced financial strategies accessible and hassle-free.
  • Vue Protocol — Community-First Layer for AI Memecoins. @solana @pumpdotfun @ton_blockchain Dvo1Fb7FxtUxsLbcQaizftfUT9HtL9P6swaQAScZDeQQ
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Gate
VC Fund · Panama City, Panama, Panama · 1 investments in Bulgaria Internet startups

https://t.co/Rf4ibjdoXK | Top 3 | 13+Yrs | 60M+ Users | 5,000+ Cryptos | 12,800+ Stocks & CFDs | Sponsor of @redbullracing | Telegram: https://t.co/U3jSAiiSOR

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 71
  • Round size: Seed $1.2M–$10M; Series A $2.4M–$20M; Venture - Series Unknown $2M–$12M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Vangrid — Vangrid operates as a decentralized physical infrastructure network.
  • RateX — Universal Structured Leverage Layer. Building RateX v2 (Mooncake) @mooncake_fi
  • Cork Protocol — Cork's new DeFi primitive, Depeg Swaps allows investors to hedge and trade the risk of their pegged asset (LST/LRTs, Stablecoins, RWAs).
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Zoran Arsovski
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet startups

Zoran and his team focus on Digital Marketing Consulting for B2B growth-stage companies supported by the leading technology VC funds.

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Investment focus

  • Industry: Software, FinTech, Internet
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Bulgaria, Turkey, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $870k–$6.9M; Angel $204k–$430k; Pre-Seed $660k–$901k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Magfi — A search engine that analyzes communities into WhatsApp, Telegram, and Discord with AI, ML, and NLP and places ads with micro-targeting.
  • Visibilio — At Visibilio, we are at the forefront of a seismic shift in how companies connect with their clients. Our mission is simple: to empower companies, organizations, and individuals to seamlessly create, repurpose, and distribute meaningful content—turning their audiences into loyal clients. We believe that building your own audience shouldn’t be hardor expensive, and is much more efficient compared to buying it from platforms like Google/Facebook.Who We AreVisibilio was founded by a team of experienced professionals: Alexei Lazarov, former editor-in-chief of Bulgaria’s leading business media Capital; Zoran Arsovski, a marketing professional, entrepreneur, and investor; and Stoyan Kondev, a skilled software developer and BPM consultant. Together, they bring a unique blend of editorial expertise, business acumen, and technological innovation to drive transformative change.What We Do (And Why)Visibilio builds an AI-powered agentic workforce that transforms the way content is created and distributed. With our swarms and constelations of AI agents, telling interesting stories and building loyal audiences is no longer time-consuming or costly. We believe that the way people consume information and how businesses connect with clients is undergoing a profound transformation. In the coming years, it will be essential for companies to think like publishers—creating consistent, meaningful content, building their own audiences, and converting them into loyal customers.At Visibilio, we are developing the tools to make this shift seamless, helping businesses save time, effort, and resources while staying ahead in an evolving digital landscape.
  • Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
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STC Capital
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 1 investments in Bulgaria Internet startups

We invest in the next generation of iconic founders. Built on solidity, trust, and community.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Switzerland, United States, Vietnam

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$20M; Series A $2.7M–$4M; Venture - Series Unknown $10M–$150M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Octan — making AI agents safe & widely usable by onchain Reputation scoring & ranking
  • NEAR — NEAR is the open infrastructure powering the agent economy. NEAR unifies liquidity across 35+ chains, keeps execution and inference confidential, and scales to over 1 million TPS.
  • Fantom Foundation — Fantom is a next-gen Layer-1 platform for DeFi, dApps and businesses.
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IOI Capital
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Internet startups

IOI Capital offers expert investment services, focusing on strategic partnerships, capital raising, and project packaging in sectors like technology, real estate, and green energy. Specializing in Eastern Europe, Central Asia, and the GCC, we drive growth and diversification.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • YouMatch — Find your soulmate in 60 days! No swipes and no texting.
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GD10 Ventures
VC Fund · 1 investments in Bulgaria Internet startups

GD10 Venture helps develop early-stage Web3 companies through their alliance of financiers and marketers.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: Estonia, Hong Kong, India

Investor stats

  • Total investments: 28
  • Round size: Seed $780k–$4.3M; Initial Coin Offering $1.2M–$60M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • DOS Labs — DOS stand for Decentralized Operating System. We build a blockchain gaming platform for web3.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
  • Cross The Ages — Cross The Ages is a universe in which fantasy and science fiction come together. The two worlds share the single continent of Artellium. To the west lies Arkhante, masters of magic and summoning. To the east, the city-continent Mantris is home to ultra-connected multicultural people whose technology has invaded everyday life.The young Malkha,surrounded by her seven Primus, reigns from the capital, Babylonia. To the west, the city-continent Mantris is home to Neurotechs, an ultra-connected multicultural people whose technology has invaded everyday life. The Amortals, humans who have transferred their minds to super-AIs, run the corporations for which the citizen-shareholders of Mantris work.
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ReconArt
VC Fund · Alexandria, Virginia, United States · 1 investments in Bulgaria Internet startups

AI-powered financial reconciliation and close automation software built for modern finance teams. High-volume transaction matching, audit-ready controls, and automated workflows.

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Investment focus

  • Industry: Mobile, Internet, Software
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • ThingsLog — ThingsLog offers a complete solution (devices, platform and mobile app) for measurement, monitoring and alarming of water, gas and/or electricity consumption. ThingsLog manufactures low power multi-channel data loggers with various radio technologies – GSM, NB-IoT and LoRa. Some devices have analog inputs in order to monitor analog 4-20mAsensors for pressure, temperature, humidity, etc. ThingsLog devices have ON/OFF inputs or outputs so that they can trigger alarms or send signal to other devices. ThingsLog devices are CE certified.
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Petr Baron
Angel · London, England, United Kingdom · 1 investments in Bulgaria Internet startups

Petr Baron CEO TBI Financial Services

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Investment focus

  • Industry: FinTech, Finance, Internet
  • Stage:Seed
  • Geography: Bulgaria, Ukraine

Investor stats

  • Total investments: 6
  • Round size: Seed $529k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Finmap — Finmap is a cash flow management tool that helps small and mid-sized businesses like agencies, service companies, developers, and project-based companies to get real-time visibility on what's going on in their business in terms of money, avoid cash gaps, and make the right decisions.The company's easy-to-use financial management toolanalyzes key business financials such as cash flows and profitability statements and automates financial management routines through integrations with banks and accounting tools, allowing clients to set up company financial and management accounting smoothly and optimize analytical summary reports in a matter of clicks.Finmap was established on January 1, 2018 in London, England.
  • Swipe.bg — Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones.
  • Releva — Releva adds an AI shopping chat, smarter search, product recommendations and pop-ups to B2C stores, so every visitor gets a personal shopper, signed in or not.
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Nedelcho Spasov
Angel · 1 investments in Bulgaria Internet startups

Nedelcho Spasov is a Co-Founder of Management Financial Group.

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Investment focus

  • Industry: Farming, FinTech, Payments
  • Stage:Seed
  • Geography: Bulgaria, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $567k–$3.3M
  • Lead/follow: 0% lead, 100% 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.
  • 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.
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Stanimir Vassilev
Angel · 1 investments in Bulgaria Internet startups

Stanimir Vassilev is the Co-Founder of Management Financial Group. He attended INSEAD .

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Investment focus

  • Industry: Farming, FinTech, Payments
  • Stage:Seed
  • Geography: Bulgaria, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $567k–$3.3M
  • Lead/follow: 0% lead, 100% 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.
  • 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.
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Moonwhale Ventures
VC Fund · 1 investments in Bulgaria Internet startups

Moonwhale is an STO Financial Advisory offering companies strategic advice on STO process & structure, as well as token issuance incl. lifecycle management and secondary market on-boarding for their projects. Moonwhale is also building an End-to-End Security Token Offering (STO) Investment Platform will cater to investors looking to invest inSTO projects, and to companies looking to raise capital through STO to finance business expansion or new ventures. Investors will be presented with vetted projects incl. due- diligence reports and will be able to manage their investments through our platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, United States, India

Investor stats

  • Total investments: 56
  • Round size: Seed $1.2M–$5M; Pre-Seed $225k–$3M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • SQR3D — Transform your idea into 3D assets at scale. Smart Contract Automation for 3D Designs with SQR3D.
  • Reitio Protocol — We’re creating an effortless way for everyone to create custom metaverse assets visually via an intuitive and codeless templates-based design toolkit, introducing reitio protocol.
  • Genesis Shards — Crafting a whole new suite of NFT powered products across multiple blockchains
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Dejan Pejcic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Internet 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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Bogomil Balkansky
Angel · San Francisco, California, United States · 1 investments in Bulgaria Internet startups

Bogomil Balkansky is based out of San Francisco, California and is a Partner of Sequoia Capital. Bogomil previously worked at VMware as a Senior Vice President. Bogomil Balkansky attended Cornell University.

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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: 71
  • Round size: Seed $1.2M–$7M; Series A $15M–$60M; Series B $30M–$120M
  • Lead/follow: 39% lead, 61% 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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Magnus Capital
VC Fund · 1 investments in Bulgaria Internet startups

Magnus Capital is a crypto investment firm.

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $1.3M–$7.5M; Initial Coin Offering $2.1M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Spicenet — Spicenet is a hyper-fast Layer 2 (L2) trading solution, engineered as a custom application rollup to deliver ultra-fast, reliable, and efficient transaction processing for seamless trading experiences.
  • Real Finance — Purpose-built blockchain infrastructure for issuing, managing, settling, and distributing tokenized financial assets across institutional workflows. Regulated banking integrated at the foundation.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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MV Global
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in Bulgaria Internet startups

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

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Investment focus

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

Investor stats

  • Total investments: 90
  • Round size: Seed $1.1M–$8.6M; Initial Coin Offering $100k–$60M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • 0G — The First Decentralized AI Operating System
  • Yellow — Trades clear off-chain through state channels. Only the net result settles on-chain, across the chains participants already use.
  • Mind Network — The 1st Fully Homomorphic Encryption (FHE) Restaking Layer for AI and POS Networks. Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, etc.
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DAO Maker
VC Fund · Belle Vue, Cumbria, United Kingdom · 1 investments in Bulgaria Internet startups

DAO Maker creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering, Pre-Seed
  • Geography: Spain, Singapore, Vietnam

Investor stats

  • Total investments: 55
  • Round size: Seed $1.2M–$4.8M; Pre-Seed $500k–$3.4M; Initial Coin Offering $700k–$11M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Tea-Fi — Tea-Fi is an all-in-one decentralized finance (DeFi) platform that turns complexity into opportunity.
  • Finceptor — Become an early investor of Web3's top projects with over 250,000 other backers.
  • web3intelligence — Build wealth and trust in the world of crypto with intelligent financial tools, data and infrastructure.
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Genblock Capital
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Internet startups

Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance.

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Investment focus

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

Investor stats

  • Total investments: 154
  • Round size: Seed $1.2M–$8M; Initial Coin Offering $5M–$314M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • OX.FUN — Trade Bitcoin, Ethereum and trending altcoin derivatives on the most FUN exchange around. Join OX.FUN today and earn up to 200% yield. Moo.
  • AINN Layer2 — AINN Layer2 is a decentralized Bitcoin Layer2 network development.It promotes large-scale AI applications
  • Sanctum — Stake SOL and earn optimized LST returns from JupSOL, bbSOL, and more, and launch your own custom LST and Solana validator.
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Miodrag Stankovic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Internet 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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Internet Investor funding in Bulgaria at a glance

Stats across 38 deals from 31 investors.

31
investors
in Bulgaria Internet startups
38
deals
in Bulgaria Internet startups
$85k
median round
in Bulgaria Internet startups
42%
lead investors
lead at least one round
58%
Seed
most common funding stage
77/23
VC / Angel
share of investor count

Access all 31 investors in Bulgaria Internet startups.

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