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Top 20 Internet VC Funds & Investors in Bulgaria (July 2026)

The most active venture capital funds 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 Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
19 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
LAUNCHub Ventures
VC Fund
10 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Internet $44k–$58M
Impetus Capital
VC Fund
3 Bulgaria, United States, India Seed, Pre-Seed Software, Information Technology, SaaS $121k–$3M
New Vision 3
VC Fund
3 Bulgaria, Italy, Croatia Seed, Pre-Seed, Venture - Series Unknown Software, Internet, Marketing $108k–$3.8M
Vitosha Venture Partners
VC Fund
2 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, Travel, SaaS $55k–$5M
Zee Prime Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.9M–$43M
Skynet Trading
VC Fund
1 Singapore, United States, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$15M
Wintermute
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $3M–$50M
Neo Gravity
VC Fund
1 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
Maven Capital
VC Fund
1 United Arab Emirates, Singapore, United States Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $700k–$6M
MetaCartel Ventures
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
BrightCap Ventures
VC Fund
1 United States, Bulgaria, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, SaaS $212k–$6M
HR Capital
VC Fund
1 Bulgaria Seed Internet, Marketing, E-Commerce $292k–$870k
SFC Capital
VC Fund
1 United Kingdom, United States, Canada Pre-Seed, Seed Artificial Intelligence, Software, Information Technology $127k–$2M
3TS Capital Partners
VC Fund
1 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Hack VC
VC Fund
1 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
IOI Capital
VC Fund
1 Bulgaria Seed Internet, Software, Information Technology
Wintermute Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
Ascensive Assets
VC Fund
1 United States, Singapore, Brazil Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$9M
Access all 17 VC funds 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 · 19 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, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 145
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$800k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 10 investments in Bulgaria Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 139
  • Round size: Seed $44k–$3.5M; Pre-Seed $183k–$2.8M; Series A $2.8M–$58M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • OfficeRnD — OfficeRnD helps flex space operators and hybrid teams manage the workplace of the future. Book your demo or start a free 14-day trial.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
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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: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 24
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.9M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
  • Crackle Technologies — Crackle Technologies is a vibrant digital publisher ecosystem which is essential for a healthy and useful internet.
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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Internet startups

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

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Investment focus

  • Industry: Software, Internet, Marketing
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 22
  • Round size: Seed $217k–$3.8M; Pre-Seed $108k–$541k; Venture - Series Unknown $1.4M–$1.4M
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • 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.
  • VibeJobs — VibeJobsis a company that provides quick and easy access to the most sought-after professionals in the labor market by leveraging a chatbot-based communication and recruiting automation solution.
  • 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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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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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, Travel, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $55k–$675k; Series A $1.5M–$5M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

  • Goodvidio — Goodvidio is a software service that turns the power of product videos into a conversion optimization tool. It helps ecommerce stores optimize their product pages for conversions by adding curated product videos from social media, to engage shoppers and drive purchases.
  • 100mentors — The problem:We take our most critical career & academic decisions quite randomly. *Our mission:To empower the world’s youth to consciously take their once in a lifetime decisions.100mentors: On-demand access to the world's largest alumni network. Prepare your students for the workplace of the future.* We live in an agewhere you can have an Uber cab show up in 2', with the car type you like, full visibility of the driver reviews, even the ability to pre-set the music you'​ ll listen to during your ride. At the same time, you have almost zero capacity to personalise yours or your kid's career & academic orientation to find what truly fits their profiles, needs & special talents or customise their counselling for landing their dream universities & jobs & pursuing their real inclinations...https://www.youtube.com/watch?v=g18FLCNjscM&feature=youtu.be
  • 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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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 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, Singapore, United Kingdom

Investor stats

  • Total investments: 84
  • Round size: Seed $1.9M–$9M; Series A $2.8M–$43M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Cryopets — Pausing biological time with cryosleep for pets
  • Share — Share operates as an independent and neutral digital infrastructure platform dedicated to advancing Africa’s growth and development. It provides reliable, scalable, and inclusive technological foundations that enable governments, businesses, and communities to build, connect, and innovate.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 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, Financial Services
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Switzerland

Investor stats

  • Total investments: 37
  • Round size: Seed $1.5M–$9.6M; Series A $9M–$15M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • BullPerks — BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — Pheasant Network uses intent-based bridging and an innovative cross-chain swap protocol to connect 30+ blockchain networks quickly and efficiently.
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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
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Seed $3M–$18M; Series A $5M–$50M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — One Exchange Infinite Markets
  • Pave Bank — The world's first multi-asset and programmable bank
  • Nova Markets — Nova Markets is an on-chain capital and prediction market infrastructure project.
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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: 5
  • Lead/follow: 40% lead, 60% 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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Access 48,091 investors

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

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Maven Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 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, Pre-Seed
  • Geography: United Arab Emirates, Singapore, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $1.2M–$6M; Pre-Seed $700k–$3.4M
  • Lead/follow: 5% lead, 95% 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 — Gacha Galaxy is a Web3 discovery platform that surfaces high-signal projects using data-driven market intelligence. It aggregates on-chain activity, market movements, and curated sentiment/community inputs to help users identify meaningful trends beyond vanity metrics.
  • Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.
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MetaCartel Ventures
VC Fund · 1 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, Singapore

Investor stats

  • Total investments: 37
  • Round size: Seed $1.2M–$9M; Pre-Seed $1M–$2.5M; Series A $4.6M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
  • 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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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 31
  • Round size: Seed $932k–$6M; Pre-Seed $212k–$2.6M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $29M in 2018

Portfolio highlights

  • Jest — Jest offers messaging games that are built for the texting era. Jest allows frictionless, no-download gameplay that is optimized for maximum retention and growth.
  • 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.
  • Deep Infra — Deep Infra offers cost-effective, scalable, easy-to-deploy, and production-ready machine-learning models and infrastructures for deep-learning models.
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HR Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Internet startups

A privately held investment vehicle

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Investment focus

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

Investor stats

  • Total investments: 3
  • Round size: Seed $292k–$870k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • eBag.bg — eBag.bg is an online supermarket.
  • Releva — Releva predicts customer lifetime value, personalizes every touchpoint, and automates across email, SMS, WhatsApp, push, web, and app. 250+ B2C brands, 15+ countries. 80% prediction accuracy, 7.7x CLV.
  • Sensika Technologies — Sensika helps you discover, monitor, and analyze information from online media, social networks, print, TV, and radio.
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SFC Capital
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Internet startups

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: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: United Kingdom, United States, Canada

Investor stats

  • Total investments: 489
  • Round size: Seed $127k–$2M; Pre-Seed $164k–$839k
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $1.9M in 2019

Portfolio highlights

  • Neubond — Neubond develops wearable devices for stroke mobility rehabilitation. These devices provide autonomous assistance and therapy during daily activities, integrating rehabilitation into the patient's daily life regardless of their motor capabilities. Neubond's solutions are designed to be intuitive and effective, aiming to improve thequality of life for individuals undergoing rehabilitation.
  • Sages — Biodegradeable, non-polluting, low-impact and vibrant dyes extracted from food waste.
  • Traknova — Traknova provides an AI-powered fleet management platform that helps companies track, manage, and protect vehicles and mobile assets. The platform offers real-time GPS tracking, live monitoring, and telematics data to give operators constant visibility over fleet movements and status. Users can access an intuitive dashboard with historical tripinformation, engine status, and alerts for events such as geofence breaches or unauthorized use. Traknova also supports integrated hardware, including tracking devices and online cameras, to strengthen asset security and streamline recovery when issues arise. The system is designed for fleets across industries, such as service businesses and vehicle rental operators, that need clearer scheduling, better time management, and improved operational control. By consolidating these tools into one platform, Traknova enables data-led fleet planning and day-to-day decision-making.
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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, Internet, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Romania, Poland

Investor stats

  • Total investments: 70
  • Round size: Seed $719k–$2.6M; Series A $768k–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $176M in 2021

Portfolio highlights

  • NEXD — Nexd is a platform for creating interactive programmatic display and video ads. Free 14-day trial.
  • GoTo (formerly LogMeIn)
  • ConveyIQ — ConveyIQ provides an intelligent candidate engagement platform. Its platform features an all-in-one bespoke communication framework for the entire candidate journey. ConveyIQ delivers personalized applicant communication that companies need to ensure a remarkable candidate journey.
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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: 249
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$10M; Series A $6.5M–$42M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Gondi — Gondi is a non-custodial decentralized NFT lending protocol designed to build the most effective NFT credit market. The protocol allows for ongoing underwriting and full and partial refinancing of all outstanding loans, resulting in a more dynamic and liquid market.
  • Mudafy — Mudafy is a tech-enabled real estate broker for LatAm.
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
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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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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Internet startups, 9 in the past 12 months

Wintermute Ventures is the investment arm of Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures is uniquely positioned to back early-stage Web3 projectswith hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership, ensuring its investments align with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 100 projects.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • UnblockPay
  • Morpho Labs — Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.
  • Crossover Markets Group — Crossover Markets Group, Inc is a digital asset exchange designed to meet the liquidity needs of institutional clients trading cryptocurrencies.
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Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 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, Series A
  • Geography: United States, Singapore, Brazil

Investor stats

  • Total investments: 52
  • Round size: Seed $1.2M–$9M; Series A $4M–$7.5M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $130M in 2021

Portfolio highlights

  • StripChain — Stripchain is an intent-based interoperability standard that enables chain abstraction.
  • 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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Internet VC funding in Bulgaria at a glance

Stats across 21 deals from 17 investors.

17
investors
in Bulgaria Internet startups
21
deals
in Bulgaria Internet startups
$108k
median round
in Bulgaria Internet startups
41%
lead investors
lead at least one round
57%
Seed
most common funding stage

Access all 17 VC funds in Bulgaria Internet startups.

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