Top 50 Startup Investors in Bulgaria (July 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Eleven Ventures
VC Fund
|
81 | Bulgaria, United States, United Kingdom | Seed, Convertible Note, Pre-Seed | Software, SaaS, Information Technology | $27k–$2.7M |
|
LAUNCHub Ventures
VC Fund
|
38 | Bulgaria, United Kingdom, United States | Seed, Series A, Pre-Seed | Software, SaaS, Internet | $44k–$58M |
|
Vitosha Venture Partners
VC Fund
|
17 | Bulgaria, United States, United Kingdom | Pre-Seed, Seed | Software, Marketplace, Information Technology | |
|
New Vision 3
VC Fund
|
16 | Bulgaria, Italy, Croatia | Seed, Pre-Seed, Venture - Series Unknown | Software, Internet, Marketing | $108k–$3.8M |
|
Impetus Capital
VC Fund
|
15 | Bulgaria, United States, India | Seed, Pre-Seed | Software, Information Technology, SaaS | $121k–$3M |
|
Speedinvest
VC Fund
|
7 | United Kingdom, Germany, Austria | Seed, Series A, Pre-Seed | Software, FinTech, Financial Services | $549k–$33M |
|
Hristo Hristov
Angel
|
7 | Bulgaria, Ireland, Romania | Seed, Pre-Seed, Angel | Software, E-Commerce, Internet | $637k–$1.1M |
|
SeedBlink
VC Fund
|
6 | Romania, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology | $137k–$35M |
|
Zoran Arsovski
Angel
|
5 | Bulgaria, Turkey, United States | Seed, Angel, Pre-Seed | Software, FinTech, Internet | $219k–$6.9M |
|
Morningside Hill Capital Management
VC Fund
|
4 | Bulgaria, China | Seed | Software, AgTech, Farming | $1.1M–$4.4M |
|
Sofia Angels Ventures
VC Fund
|
4 | Bulgaria, United Kingdom, Germany | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Machine Learning | $108k–$11M |
|
Bulgarian Development Bank
VC Fund
|
4 | Bulgaria | Seed, Pre-Seed, Debt Financing | Finance, Software, Health Care | $1.1M–$2.7M |
|
MFG Invest
VC Fund
|
4 | Bulgaria, France, United Kingdom | Seed, Pre-Seed, Venture - Series Unknown | Software, Information Technology, FinTech | $108k–$6.9M |
|
BrightCap Ventures
VC Fund
|
4 | United States, Bulgaria, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, SaaS | $212k–$6M |
|
Neo Gravity
VC Fund
|
4 | Bulgaria | Seed, Pre-Seed | Pet, Craft Beer, Veterinary | |
|
Georgi Petrov
Angel
|
3 | Bulgaria, United States, Croatia | Pre-Seed, Angel, Seed | SaaS, Software, E-Commerce | $283k–$875k |
|
Denis Gorbunov
Angel
|
3 | Bulgaria | Seed | Internet, Marketing, E-Commerce | $562k–$1.5M |
|
European Bank for Reconstruction and Development
VC Fund
|
3 | Turkey, Egypt, Ukraine | Debt Financing, Post-IPO Debt | Financial Services, Banking, Finance | $5M–$238M |
|
Petr Baron
Angel
|
3 | Bulgaria, Ukraine | Seed | FinTech, Internet, Marketing | $562k–$1.5M |
|
North Base Media
VC Fund
|
3 | United States, India, United Kingdom | Seed, Series A, Series B | Digital Media, Publishing, Advertising | $75k–$23M |
|
Mihail Stoychev
Angel
|
3 | Bulgaria | Seed, Angel, Pre-Seed | SaaS, Apps, Shipping | |
|
BlackPeak Capital
VC Fund
|
3 | Bulgaria, United States, France | Private Equity, Series B, Seed | Manufacturing, Leisure, Software | $464k–$50M |
|
Cherry Ventures
VC Fund
|
3 | Germany, United Kingdom, United States | Seed, Series A, Series B | Software, Information Technology, Financial Services | $2M–$110M |
|
Svetozar Georgiev
Angel
|
3 | United Kingdom, Bulgaria, Greece | Seed, Pre-Seed, Angel | Software, SaaS, FinTech | $110k–$3.2M |
|
Daniel Tomov
Angel
|
3 | Bulgaria, United Kingdom, Malta | Seed, Pre-Seed, Series B | FinTech, Software, Small and Medium Businesses | $27k–$6.9M |
|
Silverline Capital
VC Fund
|
3 | Bulgaria, Norway, United States | Venture - Series Unknown, Series A | Machine Learning, Artificial Intelligence, Retail | $2.8M–$27M |
|
Pressian Karakostov
Angel
|
3 | Bulgaria | Seed, Pre-Seed | SaaS, Software, Consulting | $562k–$2.5M |
|
European Investment Bank
VC Fund
|
2 | France, Germany, The Netherlands | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Energy | $16M–$658M |
|
Bogomil Balkansky
Angel
|
2 | United States, Israel, Bulgaria | Seed, Series A, Series B | Software, Enterprise Software, Artificial Intelligence | $1.2M–$120M |
|
Ivaylo Simov
Angel
|
2 | Bulgaria, Greece, Estonia | Seed, Pre-Seed | Coffee, Big Data, Agriculture | $27k–$2.3M |
|
Freigeist Capital
VC Fund
|
2 | Germany, The Netherlands, Bulgaria | Seed, Series A, Pre-Seed | Software, Food and Beverage, Apps | $549k–$20M |
|
South Central Ventures
VC Fund
|
2 | United States, United Kingdom, Serbia | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $33k–$5.5M |
|
Imprimatur Capital Fund Management
VC Fund
|
2 | Latvia, United States, United Kingdom | Seed, Debt Financing | Software, Information Technology, Apps | $63k–$549k |
|
Emil Tabakov
Angel
|
2 | Bulgaria | Angel, Pre-Seed | SaaS, Software, Venture Capital | |
|
Georgi Brashnarov
Angel
|
2 | Bulgaria | Seed | $562k–$1.5M | |
|
Marco Houwen
Angel
|
2 | Bulgaria | Seed, Convertible Note | Farming, Livestock, Agriculture | |
|
SquareOne Venture Capital
VC Fund
|
2 | Germany, United States, Poland | Seed, Series A, Series B | Software, Machine Learning, Artificial Intelligence | $1.4M–$30M |
|
Sven Jungmann
Angel
|
2 | Bulgaria | Seed, Pre-Seed | Medical, Medical Device, Musical Instruments | |
|
Michael Gutsmann
Angel
|
2 | Bulgaria | Seed, Convertible Note | Farming, Livestock, Agriculture | |
|
Xavier Buck
Angel
|
2 | Bulgaria, Luxembourg | Seed, Angel, Convertible Note | SaaS, Farming, Software | |
|
PostScriptum Ventures
VC Fund
|
2 | Bulgaria, Germany, United States | Private Equity, Seed, Angel | Software, B2B, SaaS | |
|
Atanas Raykov
Angel
|
2 | Bulgaria | Pre-Seed | Wellness, Food Processing, Food and Beverage | $293k–$340k |
|
Thomas Peruzzi
Angel
|
2 | Bulgaria | Seed, Convertible Note | Farming, Livestock, Agriculture | |
|
HR Capital
VC Fund
|
2 | Bulgaria | Seed | Internet, Marketing, E-Commerce | $292k–$870k |
|
Daniel Schulte-Hillen
Angel
|
2 | Germany, United Kingdom, Bulgaria | Seed, Pre-Seed, Series A | Blockchain, Sports, Battery | $1.1M–$7.5M |
|
Adii Pienaar
Angel
|
2 | United States, Nigeria, Bulgaria | Seed, Pre-Seed | E-Commerce, Software, Apps | $450k–$2.7M |
|
Valeri Petrov
Angel
|
2 | Germany, Bulgaria, United States | Seed, Angel, Pre-Seed | Health Care, B2B, SaaS | $265k–$2.3M |
|
HV Capital
VC Fund
|
2 | Germany, United Kingdom, United States | Series A, Seed, Series B | E-Commerce, Software, Internet | $1.6M–$80M |
|
Openfund
VC Fund
|
2 | Greece, United Kingdom, United States | Seed, Series A, Pre-Seed | Software, Travel, SaaS | $55k–$5M |
|
Skynet Trading
VC Fund
|
2 | Singapore, United States, Switzerland | Seed, Series A | Blockchain, Cryptocurrency, Financial Services | $1.5M–$15M |
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We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.
Show more...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.
LAUNCHub is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.
Show more...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.
Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria
Show more...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
New Vision 3 is an Early-stage Venture Capital fund.
Show more...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.
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.
Show more...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.
Speedinvest is a globally active European venture capital firm built on a simple belief: many move more. From six offices across EMEA, our sector-focused investment teams back relentless founders from pre–Seed to Growth with long-term conviction, providing day-one access to our global network of corporate customers, experts, industry leaders, andtop-tier follow-on investors to scale smarter and faster. Building lasting companies like Bitpanda (Austria), Moove (Nigeria), Gigs (U.S.), Tide (UK), ARX Robotics (Germany), Wayflyer (Ireland), GoStudent (Austria), Seqera Labs (Spain), and Cylib (Germany) — together. Big ideas may start with one. But scaling and winning take The Power of More.
Show more...Investment focus
- Industry: Software, FinTech, Financial Services
- Stage:Seed, Series A, Pre-Seed
- Geography: United Kingdom, Germany, Austria
Investor stats
- Total investments: 552
- Round size: Seed $980k–$8M; Pre-Seed $549k–$4.1M; Series A $4M–$33M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — raised $384M in 2022
Portfolio highlights
- Bikemap — Bikemap is the crowdsourced cycling map & navigation of the world. With the help of more than 2.3M users in 100 countries, Bikemap helps you find the best cycling route from A to B - every time. Users shared more than 4M cycling routes in all corners of the world - and within the Bikemap Premium subscription, tens of thousands get access tooffline, routing, map features.
- morgana — Morgana is reshaping the mortgage industry in Latam. With a 5x faster application process, in-depth market knowledge, privileged access to data, and superb team, we are a groundbreaking digital mortgage broker that will shortly be competing with banks.
- GAMINSIDE — GAMINSIDE revolutionizes your relationship with your customers. As European full service provider, we deliver the complete package with solutions, services and software for gamified loyalty that is tailor-made and unique to your products, brands and customers. Integrate the best ideas from gamification and customer loyalty in your business areato exceed your commercial targets with GAMINSIDE.
Hristo Hristov - Chief Executive Officer @ DarikNews.bg
Show more...Investment focus
- Industry: Software, E-Commerce, Internet
- Stage:Seed, Pre-Seed, Angel
- Geography: Bulgaria, Ireland, Romania
Investor stats
- Total investments: 10
- Round size: Seed $637k–$1.1M
- Lead/follow: 30% lead, 70% follow
Portfolio highlights
- ONDO Smart Farming Solutions — Precise drip irrigation management and control, precise plant nutrition and climate control for various crops - ONDO Smart Farming solutions.
- Releva — Releva predicts customer lifetime value, personalizes every touchpoint, and automates across email, SMS, WhatsApp, push, web, and app. 250+ B2C brands, 15+ countries. 80% prediction accuracy, 7.7x CLV.
- Biodit Global Technology JSC — Biodit Global Technology is a tech company that specializes in development of state-of-the-art biometric security systems.BIODIT means innovation, comfort, design but above all, it means the highest level of SECURITY. Endless areas of application - healthcare industry, business and office centers, commercial and residential buildings,hospitality, banking and automotive industries.The areas of application of our unique biometric technology for access control, time attendance monitoring and management of operations, just to name a few, are endless - healthcare industry, business and office centres, commercial and residential buildings, hospitality industry, university centres, banking industry, automotive industry, security companies etc.
All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.
Show more...Investment focus
- Industry: Software, SaaS, Information Technology
- Stage:Seed, Pre-Seed, Series A
- Geography: Romania, United States, United Kingdom
Investor stats
- Total investments: 114
- Round size: Seed $370k–$2.2M; Pre-Seed $137k–$768k; Series A $2.5M–$35M
- Lead/follow: 20% lead, 80% follow
Portfolio highlights
- YAROOMS — YArooms is a web based booking software package that makes it easy for you to manage rooms and resources and to book a room anywhere, even if it is in a different time zone or location. It prevents double bookings and allows revenue tracking through its Reports feature. YArooms allows for granular access of your users to the meeting rooms byorganizing users into types and soon groups. Meeting rooms can have owners, restricted users will require approval from the room owners for each meeting. If you use Outlook for work, you can bring YArooms into your email client by installing our dedicated plugin. You’ll be able to use YArooms without opening up the web application. All YArooms accounts come bundled with the YArooms Door app. Install it on a the tablet of your choice and mount that on your conference room's door. Check-in functionality with auto-release is built in, you can also book directly from the app, see the room’s current status and much more.
- Dronamics — Dronamics offers an all-in-one solution for the middle-mile powered by our Black Swan cargo drone, a network of droneports, and fully mobile control and cargo systems.
- Sypher Solutions — Sypher Suite is a GDPR software platform. Simplify and organize your GDPR compliance work. Get powerful tools for DPO effectiveness. DPIA Support. Dynamic data flows. Smart monitoring. Robust controls. Start your free trial now!
Zoran and his team focus on Digital Marketing Consulting for B2B growth-stage companies supported by the leading technology VC funds.
Show more...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 $219k–$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 — We build AI agents for content creation - helping companies connect with customers and powering the intelligence hubs strategic sectors need to make better decisions and move faster.
- Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
Private investment partnership
Show more...Investment focus
- Industry: Software, AgTech, Farming
- Stage:Seed
- Geography: Bulgaria, China
Investor stats
- Total investments: 6
- Round size: Seed $1.1M–$4.4M
- 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.
- ThingsLog —
- Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Agri supply chain tech and finance solutions.World best visual search platformImproving transportation industry via advanced technology and
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Machine Learning
- Stage:Seed, Pre-Seed, Series A
- Geography: Bulgaria, United Kingdom, Germany
Investor stats
- Total investments: 21
- Round size: Seed $657k–$2.9M; Pre-Seed $108k–$901k; Series A $9.8M–$11M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Ogre AI — Ogre AI is a data science company specializing in machine learning and artificial intelligence solutions
- Fabrico SaaS — Fabrico is a cloud-based CMMS, which manages all the maintenance processes in a production plant by integrating end-to-end maintenance strategies in a lean way.
- 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.
Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB" with a positive outlook by Fitch Ratings. It isthe only Bulgarian bank to provide direct financing as well as financing via other credit institutions. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiaries are the National Guarantee Fund, which issues guarantees for bank loans to the non-financial sector; the Micro Financing Institution Jobs, which provide financing to SMEs and start-ups; the Capital Investments Fund as well as the BDB Leasing and BDB Factoring.
Show more...Investment focus
- Industry: Finance, Software, Health Care
- Stage:Seed, Pre-Seed, Debt Financing
- Geography: Bulgaria
Investor stats
- Total investments: 4
- Round size: Seed $1.1M–$2.7M
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Quendoo — Next generation hotel optimization software. A suite of hospitality tools to increase revenue and growth for hotels of all sizes.
- MedLease — MedLease specializes in financing solutions for healthcare SMEs, young healthcare professionals and patients. Doctors, partnering clinics and MedLease all share the same end customer – the patient. The company strives to achieve synergy via helping young professionals improve their qualification, financing smaller clinics purchase modern machinesfor treatment/diagnostics and provide the patients with reliable and transparent socially responsible healthcare financing solutions. MedLease believes that this synergy based business model provides trickle down effects that benefits and improves the quality of life of the end customer.
- Evrotrust — Best way to prove who you are and agree to anything, anywhere. Fully legal, secure and personal. Our mobile first eIDAS solution allows: eID, eSign, eTimestamp, eSeal, eDelivery with the highest status – qualified
MFG Invest was established by a group of angel investors with the goal of financing venture capital.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Pre-Seed, Venture - Series Unknown
- Geography: Bulgaria, France, United Kingdom
Investor stats
- Total investments: 13
- Round size: Seed $108k–$6.9M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
- Lead/follow: 46% lead, 54% follow
Portfolio highlights
- Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
- Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
- Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
We invest in early-stage tech startups with roots in Southeast Europe, working on defensible technology and a clear strategy for entering affluent markets.
Show more...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.
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.
Show more...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.
CEO and Co-Founder of UXIFY. Co-Founder of NitroPack (exited to WP Engine in 2024) and SMSBump (exited to Yotpo in 2020).
Show more...Investment focus
- Industry: SaaS, Software, E-Commerce
- Stage:Pre-Seed, Angel, Seed
- Geography: Bulgaria, United States, Croatia
Investor stats
- Total investments: 7
- Round size: Pre-Seed $283k–$875k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- GoAudience — GoAudience is the marketing intelligence platform that helps e-commerce brands find and convert high-intent buyers using exclusive spending data from 220M consumers.
- Pricemind —
- Recommend — Recommend develops predictive market intelligence infrastructure for commercial teams and AI-powered platforms. The company uses a purpose-built behavioral model and real-time signal processing to detect, predict, and act on market demand before it appears in traditional analytics. Its platform provides tools for demand discovery, campaignactivation, performance intelligence, and predictive APIs that enterprises and agencies integrate into marketing, media planning, and commercial decision workflows. Recommend also maintains infrastructure for large-scale ingestion, clustering, and scoring of market signals across news, social, search, and behavioral data sources. The company's products are primarily used by global agencies, enterprise brands, and platform partners building demand-driven commercial applications.
Denis Gorbunov
Show more...Investment focus
- Industry: Internet, Marketing, E-Commerce
- Stage:Seed
- Geography: Bulgaria
Investor stats
- Total investments: 3
- Round size: Seed $562k–$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 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.
The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.
Show more...Investment focus
- Industry: Financial Services, Banking, Finance
- Stage:Debt Financing, Post-IPO Debt
- Geography: Turkey, Egypt, Ukraine
Investor stats
- Total investments: 436
- Round size: Post-IPO Debt $14M–$238M; Debt Financing $5M–$200M
- Lead/follow: 75% lead, 25% follow
Portfolio highlights
- Ford Otosan — Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles.Ford Otosan was founded on 1959and is headquartered in Istanbul, Turkey.
- Tbc Bank Group — TBC Bank Group PLC is the UK-based parent company of JSC TBC Bank and its affiliates, Georgia's largest banking group.
- OTE Group of Companies — OTE Group is the technology company.They offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professionaltraining. Abroad, the Group operates in the telecommunications market of Romania, where it offers fixed-line and mobile communications, as well as television services.
Petr Baron CEO TBI Financial Services
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- Industry: FinTech, Internet, Marketing
- Stage:Seed
- Geography: Bulgaria, Ukraine
Investor stats
- Total investments: 6
- Round size: Seed $562k–$1.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Finmap — Finmap is financial management tool that allows business owners to see the state of their company without special knowledge of finance and studying of complex systems. By using 3 simple buttons - income, outcome and transfer - all analytics appears in a few clicks at a glance: how much the company earned, which projects more profitable, astatement of cash flows, accounts receivable and payable of the company. Finmap makes it possible to see the business situation on one sheet, removes chaos in financial management and gives the business owner the opportunity to make the right decisions
- Swipe.bg — Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones.
- 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.
NBM is a specialized firm that successfully pioneered global digital-media investing over the last decade, backing successes like IDN Media in Indonesia, Pocket Aces in India, TheNewsLens in Taiwan and Capital Digital in Mexico. Its first venture fund, launched in 2015, consistently ranks in the top quartile of media and global venture funds. TheFund, which has been backed by several of the world’s leading media brands, is now open to other investors as its investment team moves to take advantage of the sudden rise of opportunities and new valuations in the global media landscape. NBM’s co-founders are Marcus Brauchli, the former top editor at The Washington Post and The Wall Street Journal; Sasa Vucinic, the longtime CEO of the Media Development Investment Fund (MDIF). The firm’s general counsel is Stuart Karle, former COO of Reuters and General Counsel of the Journal.
Show more...Investment focus
- Industry: Digital Media, Publishing, Advertising
- Stage:Seed, Series A, Series B
- Geography: United States, India, United Kingdom
Investor stats
- Total investments: 60
- Round size: Seed $75k–$5.7M; Series A $2M–$8M; Series B $2M–$23M
- Lead/follow: 25% lead, 75% follow
- Last fund: May invest from a new fund soon — raised $19M in 2019
Portfolio highlights
- Majarra — Majarra is an Arabic online content provider in the region.
- Rappler — Rappler is the Philippines' leading digital media company that's driven by uncompromising journalism, enabled by technology, and enriched by communities of action.
- Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!
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Browse database — It's Free!Mihail Stoychev - Founder and CEO @ SMSBump
Show more...Investment focus
- Industry: SaaS, Apps, Shipping
- Stage:Seed, Angel, Pre-Seed
- Geography: Bulgaria
Investor stats
- Total investments: 3
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Rush — Rush helps Shopify brands increase repeat sales, customer loyalty, and product reviews with a branded order tracking experience shoppers dream about.
- Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
BlackPeak Capital is a co-investment growth equity fund focused on investing in high-growth Southeast European small and medium enterprises. BlackPeak Capital is funded by the European Investment Fund, part of the European Investment Bank, through the JEREMIE initiative for support of the SME enterprises in Bulgaria.We invest in equity,mezzanine, and other forms of hybrid capital to support the investment plans of dynamic regional companies. As a co-investment fund, BlackPeak Capital invests alongside other private institutional or individual investors on pari-passu terms. Our target investment ticket is between €1-8 million per transaction.
Show more...Investment focus
- Industry: Manufacturing, Leisure, Software
- Stage:Private Equity, Series B, Seed
- Geography: Bulgaria, United States, France
Investor stats
- Total investments: 21
- Round size: Seed $464k–$549k; Series B $7.7M–$50M
- Lead/follow: 38% lead, 62% follow
- Last fund: Likely still investing — raised $147M in 2022
Portfolio highlights
- Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
- Fasal — Fasal offers high-performance injection-moldable compounds made from renewable lumber, allowing for sustainable production of complex and durable wood products.
- Affinity Life Care — Affinity Life Care is the private provider of elderly care residences in Romania, operating several centers in central Bucharest with a capacity of over 400 authorized beds. These facilities offer a range of accommodation options, from single rooms to shared arrangements, all designed to be comfortable, accessible, and suitable for seniorsrequiring either long-term care or assisted living.
Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of theirbusinesses. Cherry Ventures has previously invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Infarm, Rows, Forto, and TourRadar. Cherry Ventures is based in Berlin and invests across Europe with operations in London, Paris, and Stockholm.
Show more...Investment focus
- Industry: Software, Information Technology, Financial Services
- Stage:Seed, Series A, Series B
- Geography: Germany, United Kingdom, United States
Investor stats
- Total investments: 274
- Round size: Seed $2M–$14M; Series A $7M–$44M; Series B $14M–$110M
- Lead/follow: 39% lead, 61% follow
- Last fund: Likely still investing — raised $340M in 2022
Portfolio highlights
- Cortea — Cortea leverages artificial intelligence to revolutionize the auditing process by enhancing speed, accuracy, and transparency. Cortea transforms audits from traditional, labor-intensive processes into faster, more reliable, and more transparent operations.
- Bits Technology — Bits Technology connects data sources & orchestrates workflows for financial tech services.
- Black Forest Labs — Black Forest Labs creates advanced generative deep learning models for images and videos. They focus on making these technologies widely accessible and transparent, ensuring that their innovations are easy to use and understand. This approach aims to democratize access to cutting-edge technology and foster greater trust and utility.
Svetozar Georgiev is the Chairman of the Board at BESCO. He attended American University in Bulgaria, Truman State University, and Technology School Electronic Systems (TUES), both associated with Technical University-Sofia.
Show more...Investment focus
- Industry: Software, SaaS, FinTech
- Stage:Seed, Pre-Seed, Angel
- Geography: United Kingdom, Bulgaria, Greece
Investor stats
- Total investments: 18
- Round size: Seed $110k–$3.2M; Angel $165k–$219k; Pre-Seed $138k–$1.1M
- Lead/follow: 28% lead, 72% follow
Portfolio highlights
- Payhawk — Payhawk is a spending software that simplifies expenses, payments, and card spending for growing businesses. The company's platform enables financial officers and business owners to manage the entire spending lifecycle end-to-end. It collects and analyzes receipts, invoices, and card transactions to help stay in control of the budget with nopaperwork for the employees. With its paperless corporate card linked to an automated expense management, Payhawk provides a product on top of existing banks.Payhawk was founded in 2018 and is headquartered in London, England.
- Reloyalty — We turn every bank card in Europe into a loyalty card. Reloyalty is a fully automated and personalised loyalty platform on top of card payments leveraging Open Banking / PSD2. We enable users to connect existing bank cards to Reloyalty and unlock 10-50% in reward value from their every day shopping. Participating retailers and banks can getaccess to data about their most valuable customers based on purchasing patterns and launch loyalty campaigns with measurable ROI.Reloyalty was founded with the goal of helping businesses identify their most passionate customers and helping those people get treated as such. They believe that the their relationship with the places where they shop, eat and meet with people are more than transactional.
- Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
Daniel is founding partner at Eleven Accelerator Venture Fund and investing in some of the most promising and exciting tech startups in CEE. Daniel has been involved in startups since 2000 as early stage investor and funded (in some cases bootstrapping) entrepreneur in diverse domains ranging from software to mobile to consumer goods torenewable energy. He has been lucky to meet and befriend with some of the greatest tech entrepreneurs in our region.
Show more...Investment focus
- Industry: FinTech, Software, Small and Medium Businesses
- Stage:Seed, Pre-Seed, Series B
- Geography: Bulgaria, United Kingdom, Malta
Investor stats
- Total investments: 14
- Round size: Seed $27k–$6.9M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
- Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
- Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Silverline Capital provides mezzanine and equity financing solutions to mid-market businesses in Bulgaria.
Show more...Investment focus
- Industry: Machine Learning, Artificial Intelligence, Retail
- Stage:Venture - Series Unknown, Series A
- Geography: Bulgaria, Norway, United States
Investor stats
- Total investments: 6
- Round size: Series A $8.3M–$27M; Venture - Series Unknown $2.8M–$3.5M
- Lead/follow: 67% lead, 33% follow
Portfolio highlights
- Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
- Evrotrust — Best way to prove who you are and agree to anything, anywhere. Fully legal, secure and personal. Our mobile first eIDAS solution allows: eID, eSign, eTimestamp, eSeal, eDelivery with the highest status – qualified
- Codery — Codery functions as an Employer of Record (EOR), acting as the official employer for hired professionals. The firm handles the administrative and legal parts of employment, such as registration, payroll, and compliance with local labor laws, allowing enterprises to hire without having to establish regional offices or legal entities.
Pressian Karakostov is a Founder and Chairman at PhoneArena company. Pressian previously worked at PubGalaxy as a Founder and Chairman. He attended Harvard Business School Executive Education in 2017.
Show more...Investment focus
- Industry: SaaS, Software, Consulting
- Stage:Seed, Pre-Seed
- Geography: Bulgaria
Investor stats
- Total investments: 4
- Round size: Seed $562k–$2.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Outdid — Verify identities with no storage, processing, or access of private personal information
- Swipe.bg — Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones.
- Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.
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- Industry: Biotechnology, Health Care, Energy
- Stage:Debt Financing, Post-IPO Debt
- Geography: France, Germany, The Netherlands
Investor stats
- Total investments: 358
- Round size: Post-IPO Debt $18M–$658M; Debt Financing $16M–$384M
- Lead/follow: 80% lead, 20% follow
Portfolio highlights
- Icosagen Group — Icosagen is an end-to-end Contract Research, Development & Manufacturing Organization. A science-driven partner for antibody, protein & biologics solutions.
- Wandercraft — Self- balancing and hands free movement with the innovative self-balancing feature, Atalante allows for multi-tasking and cognitive involvement as part of treatments.
- IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
Bogomil Balkansky is a Partner at Sequoia Capital. He started his career as a management consultant at McKinsey & Company. Bogomil holds a bachelor of arts in Mathematics from Cornell University and an MBA from Stanford Graduate School of Business.
Show more...Investment focus
- Industry: Software, Enterprise Software, Artificial Intelligence
- Stage:Seed, Series A, Series B
- Geography: United States, Israel, Bulgaria
Investor stats
- Total investments: 61
- Round size: Seed $1.2M–$5.2M; Series A $15M–$48M; Series B $35M–$120M
- Lead/follow: 38% lead, 62% 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.
Ivaylo Simov devised eleven’s strategy. His notorious shyness can be overcome only with ample amounts of beer, preferably while skiing. He was previously a director in a private equity fund, but now wants to change the VC industry from the bottom up.
Show more...Investment focus
- Industry: Coffee, Big Data, Agriculture
- Stage:Seed, Pre-Seed
- Geography: Bulgaria, Greece, Estonia
Investor stats
- Total investments: 13
- Round size: Seed $27k–$2.3M; Pre-Seed $538k–$800k
- Lead/follow: 69% lead, 31% follow
Portfolio highlights
- Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
- nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
- Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
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Browse database — It's Free!Freigeist Capital is the investment company of Frank Thelen, Marc Sieberger and Alex Koch. We invest in deep tech startups and excellent founders.
Show more...Investment focus
- Industry: Software, Food and Beverage, Apps
- Stage:Seed, Series A, Pre-Seed
- Geography: Germany, The Netherlands, Bulgaria
Investor stats
- Total investments: 41
- Round size: Seed $549k–$3.6M; Series A $4.2M–$20M
- Lead/follow: 59% lead, 41% follow
Portfolio highlights
- RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
- BioThrust — Our Bionic Bioreactors are the first ever solution to controllable & scalable cell therapy manufacturing and stem cell-based biomanufacturing.
- Collie — Discover how Collie helps farmers achieve higher grass yields, increased milk production, and reduced labor. Manage your pastures easily with our innovative app.
South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, United Kingdom, Serbia
Investor stats
- Total investments: 61
- Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
- Lead/follow: 59% lead, 41% follow
- Last fund: Likely still investing — raised $82M in 2022
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!
- Katalist — KatalistAI is a design assistant that unleashes your marketing and design potential. Driven by cutting-edge AI, it streamlines your creative process, elevates your ideas, and amplifies productivity.
- City Expert — City Expert Global is a Serbian startup that introduces new technologies and business approach to the traditional real estate sector. It focuses on creating new standards in the advertising and agency real estate sector. City Expert Global was founded in 2015 by Darko Luković, Stefan Stojanović, and Igor Jović. It is based in Belgrade, Serbia.
Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.
Show more...Investment focus
- Industry: Software, Information Technology, Apps
- Stage:Seed, Debt Financing
- Geography: Latvia, United States, United Kingdom
Investor stats
- Total investments: 81
- Round size: Seed $131k–$549k; Debt Financing $63k–$70k
- Lead/follow: 20% lead, 80% follow
- Last fund: May invest from a new fund soon — last raise in 2010
Portfolio highlights
- Axial3D — Leading the way with the latest 3D imaging, models, and devices
- afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
- Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
Senior Product Manager @ Coursera (NYSE: COUR). Ex-Telerik/Ex-Progress (NASDAQ: PRGS) Emil is passionate about building products that people love, building effective teams, talent development and working on open source products.
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- Industry: SaaS, Software, Venture Capital
- Stage:Angel, Pre-Seed
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
Georgi Brashnarov is a member of the ICT cluster management board.
Show more...Investment focus
- Stage:Seed
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Round size: Seed $562k–$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.
Marco Houwen, together with his partners LuxConnect and Datacenter Luxembourg, founded LuxCloud S.A. in April 2010.This partnership sets out to attract international SME and SMI, out of the field of Software development, to the Grand Duchy. LuxCloud will put Luxembourg firmly on the International Internet map and deliver services to SMB’s allover Europe.In 2000, Marco, in association with Xavier Buck, founded DCL Group, a leading Internet and e-commerce company, now recognized as one of the biggest Internet success stories in Luxembourg. Companies in the Group include Datacenter Luxembourg, LuxCloud, EuroDNS, e-Brand Services and voipGATE, to name but a few.Passionate about the promotion of Luxembourg, Marco is co-founder and President of LU-CIX A.s.b.l. and as such, contributes actively on the promotion of the Luxembourgish e-commerce hub.In addition to his role as LuxCloud CEO, Marco is CEO of Datacenter Luxembourg and a board member of the DCL Group.
Show more...Investment focus
- Industry: Farming, Livestock, Agriculture
- Stage:Seed, Convertible Note
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Lead/follow: no public data
Portfolio highlights
- Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
We invest in B2B tech entrepreneurs who are obsessed with solving complex problems in huge markets at pre-seed and seed stage
Show more...Investment focus
- Industry: Software, Machine Learning, Artificial Intelligence
- Stage:Seed, Series A, Series B
- Geography: Germany, United States, Poland
Investor stats
- Total investments: 56
- Round size: Seed $1.4M–$6.7M; Series A $4.2M–$20M; Series B $5M–$30M
- Lead/follow: 39% lead, 61% follow
Portfolio highlights
- Ultralytics — Ultralytics is the creator of YOLO, the world’s leading open-source real-time vision AI. Trusted by millions of developers, researchers, and enterprises globally, Ultralytics delivers state-of-the-art object detection, segmentation, and tracking models that are lighter, faster, and more accurate.Our mission is to democratize access to advancedAI, offering open-source tools alongside enterprise solutions tailored for industries such as healthcare, security, manufacturing, and autonomous systems.Backed by a global community, Ultralytics combines cutting-edge research with practical deployment to make AI accessible, scalable, and impactful.
- Flinn — We are driven to impact the health of millions of people around the globe by enabling medical companies to launch and operate products more efficiently. To make this vision come true, we established a customer-centric, experimentation-driven product development approach.
- Graph Therapeutics — Graph Therapeutics - precision immunology
As a physician, I cherished every life touched, every suffering eased; yet I yearned for more - a greater, scalable social impact. I dreamt of a world where my own reach was not limited by the confines of time or distance, where every doctor could harness the power of technology to multiply their healing touch. Today, this dream takes shape throughour breath diagnostics company, where we strive to equip hundreds of thousands of doctors worldwide with our pioneering technology, thereby transforming patient care. We are crafting a future where technology and compassion converge, redefining the boundaries of what we, as physicians, can achieve for our patients.
Show more...Investment focus
- Industry: Medical, Medical Device, Musical Instruments
- Stage:Seed, Pre-Seed
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Flinn — We are driven to impact the health of millions of people around the globe by enabling medical companies to launch and operate products more efficiently. To make this vision come true, we established a customer-centric, experimentation-driven product development approach.
Michael Gutsmann is a CFO at Bigpoint.
Show more...Investment focus
- Industry: Farming, Livestock, Agriculture
- Stage:Seed, Convertible Note
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Lead/follow: no public data
Portfolio highlights
- Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
Xavier has been an Internet entrepreneur since 1996. After co-founding several ventures like Datecenter Luxembourg, EuroDNS, eBrandServices and DomainInvest, Xavier's current role consists in deploying the group's international activities with a special focus on the domain name industry, internet traffic and traffic monetization. Xavierholds chairman positions in his formerly founded ventures and is director of a series of companies including DomainTools.com, eBrandServices, OpenRegistry and LeftoftheDot.
Show more...Investment focus
- Industry: SaaS, Farming, Software
- Stage:Seed, Angel, Convertible Note
- Geography: Bulgaria, Luxembourg
Investor stats
- Total investments: 5
- Lead/follow: no public data
Portfolio highlights
- Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
- Passbolt — Manage and share passwords securely with Passbolt. Open source, audited and built for teams that need collaboration, compliance and control.
- EmailTree AI — Discover EmailTree.ai, the leading AI-powered email automation platform designed to elevate your customer service experience in 2025.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Postscriptum Ventures is a venture capital group with a broad portfolio of sustainable investments. Established in 2006, Postscriptum invests in innovative technology and disruptive business models, with a particular focus on the ongoing (r)evolution of the energy sector. We prefer to invest in early stage ventures where our expertise and experience can leverage our financial investments to help realize the full growth potential of the business.
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- Industry: Software, B2B, SaaS
- Stage:Private Equity, Seed, Angel
- Geography: Bulgaria, Germany, United States
Investor stats
- Total investments: 8
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- QualSights — World's Leading Consumer Insights Platform. Our first-of-its-kind consumer insights tools capture precise usage and deliver the deepest, most authentic insights.
- Reshape Energy — Reshape is a platform providing building owners and tenants with a better suite of energy services to lower their energy costs and meet sustainability targets.
- Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.
Atanas Raykov - Senior Director EMENA @ Rakuten Viber
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- Industry: Wellness, Food Processing, Food and Beverage
- Stage:Pre-Seed
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Round size: Pre-Seed $293k–$340k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- FoodObox — FoodObox offers a win-win solution to this global issue. Preventing food waste help the environment while also reducing the socioeconomic impact of food waste.
- Vodar — Supreme mental coaching app for tennis clubs working with juniors.
Thomas Peruzzi - CTO @ Virtual Minds
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- Industry: Farming, Livestock, Agriculture
- Stage:Seed, Convertible Note
- Geography: Bulgaria
Investor stats
- Total investments: 2
- Lead/follow: no public data
Portfolio highlights
- Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
A privately held investment vehicle
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- 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.
Founding GP @SDAC Ventures. Formerly product @N26 and @Taxfix, strategy @HEC, org theory @ZeppelinUni and Ethereum @ETHBerlin.
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- Industry: Blockchain, Sports, Battery
- Stage:Seed, Pre-Seed, Series A
- Geography: Germany, United Kingdom, Bulgaria
Investor stats
- Total investments: 9
- Round size: Seed $2M–$7.5M; Pre-Seed $1.1M–$3.8M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Tromero — Tromero - cost effective Machine Learning Training & Hosting
- Cardino — Cardino - Verkaufen Sie Ihr E-Auto digital zum besten Preis. Entdecken Sie die einfache und bequeme Art, Ihr Elektroauto online zu verkaufen.
- Flinn — We are driven to impact the health of millions of people around the globe by enabling medical companies to launch and operate products more efficiently. To make this vision come true, we established a customer-centric, experimentation-driven product development approach.
Adii Pienaar is the Head of WooNew of Automattic. He previously worked at Cogsy as a Founder. Adii Pienaar attended Stellenbosch University.
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- Industry: E-Commerce, Software, Apps
- Stage:Seed, Pre-Seed
- Geography: United States, Nigeria, Bulgaria
Investor stats
- Total investments: 7
- Round size: Seed $450k–$2.7M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Reshop — Get your refund, fast.
- Rush — Rush helps Shopify brands increase repeat sales, customer loyalty, and product reviews with a branded order tracking experience shoppers dream about.
- SparkLayer B2B eCommerce — SparkLayer is a powerful B2B eCommerce solution that gives you an easy way to enable B2B functionality on your website. Rapid to setup, simple to use, and integrates beautifully with your existing systems.
Valeri is primarily in charge with investment opportunities in Bulgaria and the Western Balkans. Prior to that, he was Partner at Bancroft Private and, before joining Bancroft, he was Investment Director with Global Finance, running the company’s activities in Bulgaria. Valeri led and co-led many transactions in various countries acrossSouth-Eastern Europe (Romania, Bulgaria, Croatia and Turkey among others). Prior to moving to the Private Equity industry, Valeri ran Orgachim, the largest paints & coating company in Bulgaria (backed by private equity funds, including RAEF) as CEO, where he completed a successful turnaround. Valeri also worked for the Royal Dutch/Shell, and held various positions within the organization. Valeri holds an MSc in Engineering from the Technical University of Sofia. He also attended Management Academy in London and ETP on Business Management in Delaware University, Sofia branch.
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- Industry: Health Care, B2B, SaaS
- Stage:Seed, Angel, Pre-Seed
- Geography: Germany, Bulgaria, United States
Investor stats
- Total investments: 7
- Round size: Seed $265k–$2.3M
- Lead/follow: 71% lead, 29% follow
Portfolio highlights
- Vivian Lab — Vivian Lab is a women's digital health startup. It integrates menopause education, telehealth, personalized treatment regimens, community support, and AI assistants.
- Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
- Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
We support exceptional founders in building market leading digital companies.
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- Industry: E-Commerce, Software, Internet
- Stage:Series A, Seed, Series B
- Geography: Germany, United Kingdom, United States
Investor stats
- Total investments: 449
- Round size: Seed $1.6M–$12M; Series A $3.3M–$33M; Series B $7.5M–$80M
- Lead/follow: 33% lead, 67% follow
- Last fund: Likely still investing — raised $834M in 2023
Portfolio highlights
- Exein — The firmware security software and middleware can be injected like a vaccine in the hardware and aims to defend it from inside, working directly into the firmware at a lower level.
- FINN — At finn our mission is to make mobility fun and sustainable: We help everyone who loves driving their own car but refuses the struggle, commitment and intransparent costs associated with car ownership. We achieve this by offering all-inclusive, immediately available, monthly car-subscriptions. Best thing, yet: While you drive we plant trees asevery journey is CO2 compensated.
- Isar Aerospace — Isar Aerospace develops and operates launch services for small and medium-sized satellites, supporting both dedicated and rideshare missions to orbit. Its core offering is the Spectrum launch vehicle, a two-stage rocket designed to deploy satellites and satellite constellations into low Earth orbit with flexible launch configurations. The companydesigns and manufactures its launch technology in-house, using automated production processes and a vertically integrated approach to vehicle development. In addition to launch services, Isar Aerospace works with commercial, institutional, and space industry customers seeking access to orbital transportation for satellite missions. The company focuses on expanding launch capacity and supporting the growing demand for satellite deployment and space-based infrastructure.
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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- 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.
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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- 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.
Investor funding in Bulgaria at a glance
Stats across 464 deals from 276 investors.
Access all 276 investors in Bulgaria startups.
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