# Svetozar Georgiev

> Svetozar Georgiev is a seed investor at Progress (Sofia) backing Software and SaaS. See 18 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Progress](https://shizune.co/investors/profile/progress-software)
- Location: Sofia, Bulgaria
- Total investments: 18
- Last investment: Jun 2025
- Lead investor: 28%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/svetozar-georgiev-58301b27

Svetozar Georgiev is a seed investor at Progress in Sofia focused on Software and SaaS. 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.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $110k–$3.3M |
| Angel | $165k–$204k |
| Pre-Seed | $138k–$1.1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 22% |
| SaaS | 3 | 17% |
| FinTech | 2 | 11% |
| Mobile Apps | 2 | 11% |
| Cloud Computing | 2 | 11% |

31 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 33% |
| Pre-Seed | 4 | 22% |
| Angel | 2 | 11% |
| Funding Round | 1 | 6% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 4 | 22% |
| Bulgaria | 3 | 17% |
| Greece | 1 | 6% |
| Turkey | 1 | 6% |
| United States | 1 | 6% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Bitloops | Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives. | $1.1M | Pre-Seed | Jun 18, 2025 |  |
| Cloud Office | Cloud Office Ltd specializes in providing solutions that leverage Google Cloud and Workspace to enhance business operations. The company offers services aimed at improving commercial terms for Google Cloud and Workspace, planning and executing strategies for Google technology adoption, and hosting specialized training sessions. With a focus on ITservices and consulting, Cloud Office Ltd caters to a diverse clientele, aiming to optimize their use of cloud technologies for better efficiency and innovation. The company also engages in events and expert sessions to keep businesses informed about the latest in Google's AI and cloud offerings, demonstrating a commitment to empowering businesses through technology. | $2.1M | Venture - Series Unknown | Nov 19, 2024 |  |
| Magfi | A search engine that analyzes communities into WhatsApp, Telegram, and Discord with AI, ML, and NLP and places ads with micro-targeting. | $1.1M | Seed | Sep 03, 2024 |  |
| Moveo.AI | Moveo.AI is a conversational AI platform that enhances customer support through automation and self-learning capabilities. It serves sales teams by streamlining routine tasks and optimizing communication across various industries. | $2.6M | Seed | Aug 27, 2024 |  |
| Icanpreneur | icanpreneur is a global digital accelerator SaaS platform that guides tech entrepreneurs through investment to product and market fit. icanpreneur was founded in 2021 and was headquartered in Grad Sofiya, Bulgaria. | $900.8K | Pre-Seed | Nov 16, 2023 |  |
| Eilla AI | Eilla AI is an AI platform built to support deal workflows. It provides data anonymization, financial workflow, and dada infusion. | $1.5M | Seed | Nov 09, 2023 |  |
| Icanpreneur | icanpreneur is a global digital accelerator SaaS platform that guides tech entrepreneurs through investment to product and market fit. icanpreneur was founded in 2021 and was headquartered in Grad Sofiya, Bulgaria. | $204.4K | Angel | Jul 21, 2022 |  |
| 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. | $531K | Pre-Seed | Feb 20, 2019 |  |
| 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. | $549K | Seed | Feb 20, 2019 |  |

10 of 18 investments shown.

## Co-investors
- [Eleven Ventures](https://shizune.co/investors/profile/eleven) — VC Fund, 4 deals together
- [MFG Invest](https://shizune.co/investors/profile/mfg-invest) — VC Fund, 4 deals together
- [Boğaziçi Ventures](https://shizune.co/investors/profile/bo%C4%9Fazi%C3%A7i-ventures) — VC Fund, 1 deal together
- [Charge Ventures](https://shizune.co/investors/profile/charge-ventures) — VC Fund, 1 deal together
- [Corallia Ventures](https://shizune.co/investors/profile/corallia-ventures) — VC Fund, 1 deal together
- [Earlybird Venture Capital](https://shizune.co/investors/profile/earlybird-venture-capital) — VC Fund, 1 deal together

## About Progress

VC Fund · Bedford, United States

Progress (formerly Progress Software) is a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership.

5 contacts available at Progress.

| Name | Title | Profile |
| --- | --- | --- |
| Svetozar Georgiev | SVP | https://shizune.co/investors/profile/svetozar-georgiev |
| Anton Hristov | Director Product Marketing | https://shizune.co/investors/profile/anton-hristov |
| George Westwater | Director of Software Engineering | https://shizune.co/investors/profile/george-westwater |
| Jon Cowie | Senior Manager, Customer Architecture | https://shizune.co/investors/profile/jon-cowie |
| Joseph Alsop | Co-founder | https://shizune.co/investors/profile/joseph-alsop |

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## FAQ

### What does Svetozar Georgiev invest in?

Svetozar Georgiev invests primarily in Software, SaaS and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 18 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Svetozar Georgiev's check size?

Svetozar Georgiev typically joins rounds of $110k–$3.3M at Seed, $165k–$204k at Angel and $138k–$1.1M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Svetozar Georgiev participates in.

### When did Svetozar Georgiev last invest?

The most recent investment recorded for Svetozar Georgiev closed in Jun 2025. Shizune tracks 18 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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