# Vitosha Venture Partners

> Vitosha Venture Partners is a VC fund backing Software. See 44 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Sofia, Bulgaria
- Total investments: 44
- Last investment: Aug 2026
- Lead investor: 70%
- Last fund: Jan 2020
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vitoshavp/
- X (Twitter): https://twitter.com/vitoshavp
- Website: http://vitosha.vc
- Facebook: https://facebook.com/vitoshavp

Vitosha Venture Partners is a VC fund in Sofia focused on Software and Information Technology. EUR 20m acceleration, seed, and post-seed fund based in Sofia, Bulgaria.

## Contacts

5 contacts available for Vitosha Venture Partners. Shizune tracks 4 team members at Vitosha Venture Partners. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vitosha-venture-partners?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 14% |
| Information Technology | 6 | 14% |
| Marketplace | 4 | 9% |
| Artificial Intelligence | 4 | 9% |
| Consulting | 3 | 7% |

70 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 17 | 39% |
| Seed | 14 | 32% |
| Funding Round | 5 | 11% |
| Venture - Series Unknown | 4 | 9% |
| Grant | 1 | 2% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Bulgaria | 22 | 50% |
| United States | 3 | 7% |
| United Kingdom | 3 | 7% |
| Austria | 2 | 5% |
| Italy | 1 | 2% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Maxim Gurvits | General Partner | 5 | https://shizune.co/investors/profile/maxim-gurvits |
| Marin Iliev | Partner | 1 | https://shizune.co/investors/profile/marin-iliev-366c |
| Nikola Stojanow | Partner | 2 | https://shizune.co/investors/profile/nikola-stojanow |
| Paul Weinberger | Founding Partner | 0 | https://shizune.co/investors/profile/paul-weinberger |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Estel Technologies | Estel Technologies is an AI-native tech talent workspace designed to help staffing, recruitment, and sales teams identify verified hiring demand, discover high-value prospects, and engage buyers more efficiently. | $310.7K | Pre-Seed | Aug 04, 2026 |  |
| Krik.bg | Developer of a platform for second-hand auto parts intended to provide a wide variety of affordable parts to auto repair shops | $375.3K | Venture - Series Unknown | Mar 01, 2024 |  |
| ECEON Robotics | ECEON develops and operates next-generation autonomous mobile robots based on advanced artificial intelligence for intralogistics. |  | Pre-Seed | Mar 01, 2024 |  |
| Team Schedule | Team Schedule is a software firm that offers cloud extensions for SAP SuccessFactors that facilitate business shift scheduling. | $1.1M |  | Mar 01, 2024 |  |
| Kikimora | Kikimora.io is an information technology company that focuses on monitoring and controlling significant risks related to cybersecurity. | $716K |  | Mar 01, 2024 |  |
| Speedinvest Heroes Consulting | Speedinvest Heroes Consulting GmbH is an Human Resource company. | $216.9K | Venture - Series Unknown | Mar 01, 2024 |  |
| Team Schedule | Team Schedule is a software firm that offers cloud extensions for SAP SuccessFactors that facilitate business shift scheduling. | $1.1M | Seed | Mar 01, 2024 |  |
| Kikimora | Kikimora.io is an information technology company that focuses on monitoring and controlling significant risks related to cybersecurity. | $1.1M | Seed | Dec 06, 2023 |  |
| 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. | $1.1M | Seed | Dec 04, 2023 |  |
| Swipe.bg | Swipe.bg is the first Bulgarian platform for buying and selling second-hand mobile phones. | $1.5M | Seed | Dec 01, 2023 |  |

10 of 44 investments shown.

## Co-investors
- [Impetus Capital](https://shizune.co/investors/profile/impetus-capital-a753) — VC Fund, 3 deals together
- [Innovation Capital](https://shizune.co/investors/profile/innovation-capital-2bf4) — VC Fund, 3 deals together
- [New Vision 3](https://shizune.co/investors/profile/new-vision-3) — VC Fund, 3 deals together
- [SeedBlink](https://shizune.co/investors/profile/seedblink) — VC Fund, 3 deals together
- [Sofia Angels Ventures](https://shizune.co/investors/profile/sofia-angels-ventures) — VC Fund, 3 deals together
- [Active Partners](https://shizune.co/investors/profile/active-partners) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

### Similar country
- [Eleven Ventures](https://shizune.co/investors/profile/eleven) — VC Fund
- [LAUNCHub Ventures](https://shizune.co/investors/profile/launchub) — VC Fund
- [New Vision 3](https://shizune.co/investors/profile/new-vision-3) — VC Fund

## Featured in investor lists
- [All Investors in Bulgaria](https://shizune.co/investors/investors-bulgaria)
- [All VC Funds in Bulgaria](https://shizune.co/investors/vc-funds-bulgaria)
- [SaaS VC Funds in Bulgaria](https://shizune.co/investors/saas-vc-funds-bulgaria)
- [Software VC Funds in Bulgaria](https://shizune.co/investors/software-vc-funds-bulgaria)
- [Enterprise VC Funds in Bulgaria](https://shizune.co/investors/enterprise-vc-funds-bulgaria)
- [Financial Services VC Funds in Bulgaria](https://shizune.co/investors/financial-services-vc-funds-bulgaria)

## FAQ

### What does Vitosha Venture Partners invest in?

Vitosha Venture Partners invests primarily in Software, Information Technology and Marketplace startups, most often at Pre-Seed and Seed stage. Most of the 44 investments tracked by Shizune back companies in Bulgaria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Vitosha Venture Partners?

Public channels for Vitosha Venture Partners include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Vitosha Venture Partners?

The team at Vitosha Venture Partners includes Maxim Gurvits (General Partner), Marin Iliev (Partner) and Nikola Stojanow (Partner). The Team section lists each member with their title, investment count and links.

### 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co