# Nedelcho Spasov

> Nedelcho Spasov is a seed investor at Management Financial Group backing Farming and FinTech. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Management Financial Group](https://shizune.co/investors/profile/management-financial-group)
- Total investments: 4
- Last investment: May 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/nedelcho-spasov-4b46ba10/

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

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$3.3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Farming | 1 | 25% |
| FinTech | 1 | 25% |
| Payments | 1 | 25% |
| Software | 1 | 25% |
| Consulting | 1 | 25% |

10 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Bulgaria | 1 | 25% |
| United Kingdom | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ONDO Smart Farming Solutions | ONDO is an all-in-one automated system for precise irrigation, fertigation, and climate control for various crops. ONDO helps farmers reduce the time and effort needed to control the irrigation and nutrition processes, thus decreasing the usage of water, energy, and other precious resources. It enables the automation of routine processes, thusminimizing human labor and errors. | $1.2M | Seed | May 31, 2021 |  |
| ONDO Smart Farming Solutions | ONDO is an all-in-one automated system for precise irrigation, fertigation, and climate control for various crops. ONDO helps farmers reduce the time and effort needed to control the irrigation and nutrition processes, thus decreasing the usage of water, energy, and other precious resources. It enables the automation of routine processes, thusminimizing human labor and errors. | $1.2M | Seed | May 31, 2021 |  |
| 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. | $3.3M | Seed | Mar 16, 2020 |  |
| 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. | $3.3M | Seed | Mar 16, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [Eleven Ventures](https://shizune.co/investors/profile/eleven) — VC Fund, 6 deals together
- [MFG Invest](https://shizune.co/investors/profile/mfg-invest) — VC Fund, 4 deals together
- [BrightCap Ventures](https://shizune.co/investors/profile/brightcap-ventures) — VC Fund, 2 deals together
- [Earlybird Venture Capital](https://shizune.co/investors/profile/earlybird-venture-capital) — VC Fund, 2 deals together
- [HR Capital](https://shizune.co/investors/profile/hr-capital) — VC Fund, 2 deals together
- [Sofia Angels Ventures](https://shizune.co/investors/profile/sofia-angels-ventures) — VC Fund, 2 deals together

## About Management Financial Group

VC Fund · Sofia, Bulgaria

Management Financial Group (MFG) is a holding company, uniting providers of non-bank financial services in Central and Eastern Europe.

5 contacts available at Management Financial Group.

| Name | Title | Profile |
| --- | --- | --- |
| Antonia Sabeva | Group Chief Executive Officer | https://shizune.co/investors/profile/antonia-sabeva |
| Nedelcho Spasov | Co-founder | https://shizune.co/investors/profile/nedelcho-spasov |
| Peter Damyanov | Group CFO / Member of the Management Board | https://shizune.co/investors/profile/peter-damyanov |
| Stanimir Vassilev | Founder | https://shizune.co/investors/profile/stanimir-vassilev |
| Tsvetan Krastev | co-founder of Access Finance & Member of Management Board | https://shizune.co/investors/profile/tsvetan-krastev |

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## FAQ

### What does Nedelcho Spasov invest in?

Nedelcho Spasov invests primarily in Farming, FinTech and Payments startups, most often at Seed stage. Most of the 4 investments tracked by Shizune back companies in Bulgaria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Nedelcho Spasov's check size?

Nedelcho Spasov typically joins rounds of $1.2M–$3.3M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Nedelcho Spasov participates in.

### When did Nedelcho Spasov last invest?

The most recent investment recorded for Nedelcho Spasov closed in May 2021. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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