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Top 50 SaaS Startup Investors in Bulgaria (August 2026)

The most active venture capital funds and angel investors investing in Bulgaria SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
50 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
LAUNCHub Ventures
VC Fund
31 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $55k–$59M
Impetus Capital
VC Fund
12 Bulgaria, United States, India Seed, Pre-Seed Information Technology, Software, SaaS $121k–$3M
Vitosha Venture Partners
VC Fund
11 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
New Vision 3
VC Fund
10 Bulgaria, Italy, Croatia Seed, Pre-Seed, Venture - Series Unknown Software, Payments, Financial Services $108k–$3.4M
Zoran Arsovski
Angel
5 Bulgaria, Turkey, United States Seed, Angel, Pre-Seed Software, FinTech, Internet $204k–$6.9M
Hristo Hristov
Angel
5 Bulgaria, Ireland, Romania Seed, Pre-Seed, Angel Software, E-Commerce, Internet $725k–$1.2M
BrightCap Ventures
VC Fund
4 United States, Bulgaria, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, SaaS $212k–$6M
Georgi Petrov
Angel
4 Bulgaria, United States, Croatia Pre-Seed, Angel, Seed SaaS, Software, E-Commerce $300k–$875k
BlackPeak Capital
VC Fund
3 Bulgaria, United States, France Private Equity, Series B, Seed Manufacturing, Leisure, Software $464k–$50M
Mihail Stoychev
Angel
3 Bulgaria Seed, Angel, Pre-Seed SaaS, Apps, Shipping
MFG Invest
VC Fund
3 Bulgaria, United Kingdom, France Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, FinTech $110k–$6.8M
Sofia Angels Ventures
VC Fund
3 Bulgaria, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $108k–$11M
North Base Media
VC Fund
3 United States, India, Vietnam Seed, Series A, Series B Digital Media, Advertising, News $75k–$23M
Danish Chaudhry
Angel
3 United States, Bulgaria, India Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $1.5M–$10M
Skynet Trading
VC Fund
3 Singapore, United States, Bulgaria Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, FinTech $1.5M–$15M
Morningside Hill Capital Management
VC Fund
3 Bulgaria, China Seed Software, Information Technology, AgTech $1.1M–$4.4M
Jonathan Kennedy
Angel
2 Bulgaria Seed, Pre-Seed Apps, SaaS, Shipping
Adii Pienaar
Angel
2 United States, Nigeria, Bulgaria Seed, Pre-Seed, Venture - Series Unknown E-Commerce, Software, Apps $450k–$2.7M
HR Capital
VC Fund
2 Bulgaria Seed, Venture - Series Unknown E-Commerce, Information Technology, SaaS $292k–$1.2M
Casey Armstrong
Angel
2 United States, Bulgaria, United Kingdom Seed, Pre-Seed E-Commerce, Software, Apps $2.7M–$6M
South Central Ventures
VC Fund
2 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $33k–$5M
Georgi Atanasov
Angel
2 Bulgaria Angel, Pre-Seed SaaS, Software, Venture Capital
Imprimatur Capital Fund Management
VC Fund
2 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
PostScriptum Ventures
VC Fund
2 Bulgaria, Germany, United States Private Equity, Seed, Angel Software, B2B, SaaS
Svetozar Georgiev
Angel
2 United Kingdom, Bulgaria, Greece Seed, Pre-Seed, Angel Software, SaaS, FinTech $110k–$3.3M
Zee Prime Capital
VC Fund
2 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, Information Technology $2M–$43M
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, Travel, E-Commerce $55k–$5M
NEVEQ
VC Fund
2 Bulgaria, Argentina Seed, Series A SaaS, Mobile, Analytics $1.1M–$2.3M
Speedinvest
VC Fund
2 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $713k–$33M
Ascensive Assets
VC Fund
2 United States, Singapore, Philippines Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.2M–$10M
Magnus Capital
VC Fund
2 United States, India, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.3M–$34M
Emil Tabakov
Angel
2 Bulgaria Angel, Pre-Seed SaaS, Software, Venture Capital
3TS Capital Partners
VC Fund
2 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Maven Capital
VC Fund
2 United Arab Emirates, Singapore, United States Seed, Venture - Series Unknown, Pre-Seed Blockchain, Gaming, Cryptocurrency $700k–$23M
AU21 Capital
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.1M–$14M
Bulgarian Development Bank
VC Fund
2 Bulgaria Seed, Pre-Seed, Debt Financing Finance, Software, Health Care $1.1M–$2.7M
MetaCartel Ventures
VC Fund
2 United States, United Kingdom, Bulgaria Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
Tim Draper
Angel
1 United States, United Kingdom, Canada Seed, Series A, Series B Software, FinTech, Financial Services $356k–$50M
European regional development fund (ERDF)
VC Fund
1 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$2.2M
NewTribe Capital
VC Fund
1 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Information Technology
BMW i Ventures
VC Fund
1 United States, Germany, Canada Series B, Series A Automotive, Software, Information Technology
Founderful Campus
VC Fund
1 Switzerland, Bulgaria, United States Pre-Seed, Seed, Convertible Note Artificial Intelligence, Information Technology, Renewable Energy
Petr Baron
Angel
1 Bulgaria, Ukraine Seed FinTech, Internet, Marketing
Neo Gravity
VC Fund
1 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
EIT Digital
VC Fund
1 Italy, Spain, Poland Pre-Seed, Grant, Seed Information Technology, Software, Internet
SeedBlink
VC Fund
1 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS
Accession Capital Partners
VC Fund
1 Poland, Bulgaria, Hungary Debt Financing, Private Equity Manufacturing, Telecommunications, Health Care
Lucid Blue Ventures
VC Fund
1 Singapore, United States, Spain Seed, Series A Blockchain, Gaming, FinTech $1.7M–$10M
KuCoin
VC Fund
1 United States, Australia, Singapore Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming
Access all 188 investors in Bulgaria SaaS startups.

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

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 50 investments in Bulgaria SaaS startups

We empower local heroes to build global success. Eleven is an early-stage VC investing in technology companies in Southeast Europe.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 149
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$1.1M; Convertible Note $27k–$121k
  • Lead/follow: 39% lead, 61% 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 scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 31 investments in Bulgaria SaaS startups

Seed-stage VC fund for Central and Eastern Europe. 90+ companies backed.

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Investment focus

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

Investor stats

  • Total investments: 149
  • Round size: Seed $55k–$3.5M; Pre-Seed $183k–$2.8M; Series A $2.9M–$59M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • nFuse.ai — nFuse scales your B2B sales with AI. Up to 30% revenue uplift, $1 per order processing cost, live in 30 days. No new apps, no behavior change.
  • 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.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 12 investments in Bulgaria SaaS startups

Early stage venture capital fund partnering with founders at Seed and Series A stage. We are not simply the next investor who sends you money and shows up at board meetings. Our team seeks to empower you throughout your journey with actionable, game-changing support.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 25
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.8M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Tiger Technology — Turn storage into competitive advantage with Tiger Bridge. Cut costs 60%, improve utilization 10X, seamless cloud extension without changing workflows.
  • Crackle Technologies — Crackle Technologies is a vibrant digital publisher ecosystem which is essential for a healthy and useful internet.
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Vitosha Venture Partners
VC Fund · Sofia, Grad Sofiya, Bulgaria · 11 investments in Bulgaria SaaS startups, 10 in the past 12 months

Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria

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Investment focus

  • Industry: Software, Marketplace, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • SoCyber — SoCyber provides services in the field of Information and Communication Technology, specializing in Cybersecurity services. The main business lines are security as a service, penetration testing, vulnerability assessment, and IT audits. After being a successful service company for several years, SoCyber developed a holistic vulnerability managementsolution "Kikimora.io" that makes the vulnerability management process centralised, transparent and easy to follow and understand. It enables companies to prioritise the remediation of vulnerabilities and address their security issues in a timely manner. The solution saves companies time and money by eliminating the need for repeated security testing that shows the same vulnerabilities.
  • Vodoraslo — Vodoraslo believes that everyone deserves better air quality, so by mixing innovation, design, and nature, we can create multiple positive impact solutions.
  • AIOT Cloud — Enabling businesses to be energy efficient while optimizing costs
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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 10 investments in Bulgaria SaaS startups

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

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Investment focus

  • Industry: Software, Payments, Financial Services
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 27
  • Round size: Seed $217k–$3.4M; Pre-Seed $108k–$605k; Venture - Series Unknown $1.4M–$2.8M
  • Lead/follow: 85% lead, 15% follow

Portfolio highlights

  • ELando — eLando is an IT services company that offers cyber security, cloud solution, consulting, mobile solution, and software engineering services.
  • 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.
  • 365 Data Science — 365 Data Science offers data science, machine learning, and AI training to help you land your dream career. Learn ChatGPT, Python, Excel, Tableau, Power BI, and more.
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Zoran Arsovski
Angel · Sofia, Grad Sofiya, Bulgaria · 5 investments in Bulgaria SaaS startups

Zoran and his team focus on Digital Marketing Consulting for B2B growth-stage companies supported by the leading technology VC funds.

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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 $204k–$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 — At Visibilio, we are at the forefront of a seismic shift in how companies connect with their clients. Our mission is simple: to empower companies, organizations, and individuals to seamlessly create, repurpose, and distribute meaningful content—turning their audiences into loyal clients. We believe that building your own audience shouldn’t be hardor expensive, and is much more efficient compared to buying it from platforms like Google/Facebook.Who We AreVisibilio was founded by a team of experienced professionals: Alexei Lazarov, former editor-in-chief of Bulgaria’s leading business media Capital; Zoran Arsovski, a marketing professional, entrepreneur, and investor; and Stoyan Kondev, a skilled software developer and BPM consultant. Together, they bring a unique blend of editorial expertise, business acumen, and technological innovation to drive transformative change.What We Do (And Why)Visibilio builds an AI-powered agentic workforce that transforms the way content is created and distributed. With our swarms and constelations of AI agents, telling interesting stories and building loyal audiences is no longer time-consuming or costly. We believe that the way people consume information and how businesses connect with clients is undergoing a profound transformation. In the coming years, it will be essential for companies to think like publishers—creating consistent, meaningful content, building their own audiences, and converting them into loyal customers.At Visibilio, we are developing the tools to make this shift seamless, helping businesses save time, effort, and resources while staying ahead in an evolving digital landscape.
  • Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
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Hristo Hristov
Angel · Sofia, Grad Sofiya, Bulgaria · 5 investments in Bulgaria SaaS startups

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Bulgaria, Ireland, Romania

Investor stats

  • Total investments: 10
  • Round size: Seed $725k–$1.2M
  • 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.
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 4 investments in Bulgaria SaaS startups, 6 in the past 12 months

BrightCap Ventures is an early-stage VC fund based in Sofia. We invest in inspiring global founders who leverage local engineering talent, helping them succeed with our entrepreneurial experience and extensive global network.

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $970k–$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

  • 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.
  • Self Inspection — Self Inspection provides an AI-powered platform for comprehensive vehicle inspections, covering exterior, interior, tire, and mechanical assessments. With customizable workflows, advanced damage recognition, and expert-reviewed reports, it offers accurate repair estimates and diagnostic results, enhancing transparency and efficiency for automotive professionals in industries like leasing, rentals, marketplaces auctions, and repossessions. Easily accessible via a user-friendly interface, the solution ensures seamless integration and management for all vehicle inspection needs.
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Georgi Petrov
Angel · 4 investments in Bulgaria SaaS startups

CEO and Co-Founder of UXIFY. Co-Founder of NitroPack (exited to WP Engine in 2024) and SMSBump (exited to Yotpo in 2020).

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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 $300k–$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 — Track competitor prices with AI-powered price intelligence software. Monitor e-commerce pricing, get dynamic pricing recommendations, and boost profit margins.
  • Recommend — Spot real-time trends and turn them into content in minutes.
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BlackPeak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria SaaS startups

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.

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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 — We develop materials & products made from renewable resources!
  • 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.
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Access 48,091 investors

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

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Mihail Stoychev
Angel · 3 investments in Bulgaria SaaS startups

Mihail Stoychev is the Founder and CEO of Consentmo and Uxify. Previously worked at SMSBump, exited to Yotpo and NitroPack, exited to WP Engine. Mihail Stoychev attended American University in Bulgaria and Harvard University.

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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.
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MFG Invest
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria SaaS startups

MFG Invest was established by a group of angel investors with the goal of financing venture capital.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, United Kingdom, France

Investor stats

  • Total investments: 20
  • Round size: Seed $549k–$6.8M; Pre-Seed $110k–$901k; Venture - Series Unknown $485k–$2.2M
  • Lead/follow: 30% lead, 70% 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.
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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria SaaS startups

Agri supply chain tech and finance solutions.World best visual search platformImproving transportation industry via advanced technology and

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Bulgaria, United Kingdom, Germany

Investor stats

  • Total investments: 22
  • Round size: Seed $657k–$2.9M; Pre-Seed $108k–$901k; Series A $9.8M–$11M
  • Lead/follow: 32% lead, 68% 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.
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North Base Media
VC Fund · Singapore, Central Region, Singapore · 3 investments in Bulgaria SaaS startups

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.

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Investment focus

  • Industry: Digital Media, Advertising, News
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Vietnam

Investor stats

  • Total investments: 63
  • 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

  • Zaiko — Zaiko is the market leader in providing ticketing technology for live events and streaming shows. Monetize your show, engage fans, user analytic data, memberships, and more.
  • 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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Danish Chaudhry
Angel · London, England, United Kingdom · 3 investments in Bulgaria SaaS startups

Danish Chaudhry is a GP & Co-Founder at Paper Ventures.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Bulgaria, India

Investor stats

  • Total investments: 30
  • Round size: Seed $1.6M–$7M; Pre-Seed $1.5M–$3.3M; Venture - Series Unknown $5.5M–$10M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Nexio — Making Bitcoin Productive
  • Turtle Club — Aggregated, diligenced, personalized onchain yield management.
  • Neutral Trade — Quant Strategies Marketplace backed by @incubator @ergonia_ | Official Links: https://t.co/LducMMG0ly
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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in Bulgaria SaaS startups

Crypto market making experts with 5+ years of experience. We provide stable liquidity, tight spreads, and 24/7 coverage for your digital assets. Book a call today.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Singapore, United States, Bulgaria

Investor stats

  • Total investments: 40
  • Round size: Seed $1.5M–$8.5M; Series A $9M–$15M; Venture - Series Unknown $1.8M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Hybrid — Hybrid is a fintech company that offers a decentralized central AI tool with Web3's ecosystem of AI experts, agents, and data.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — AI-Powered DeFi Super App for Cross-chain Intent.
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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria SaaS startups

Private investment partnership

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Investment focus

  • Industry: Software, Information Technology, AgTech
  • 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.
  • Yoga Llama — Experience yoga anytime, anywhere with Yoga Llama, a mobile app that combines artificial intelligence and augmented reality to enhance your practice.
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
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Jonathan Kennedy
Angel · Ottawa, Ontario, Canada · 2 investments in Bulgaria SaaS startups

Jonathan Kennedy is the Founder and CEO at HeyCarson.He Previously worked at Swiftangels as the Founder.Jonathan Kennedy attended Concordia University in 2009.

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Investment focus

  • Industry: Apps, SaaS, Shipping
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 2
  • 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.
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Adii Pienaar
Angel · Cape Town, NA - South Africa, South Africa · 2 investments in Bulgaria SaaS startups

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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Investment focus

  • Industry: E-Commerce, Software, Apps
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • 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.
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HR Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

A privately held investment vehicle

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Investment focus

  • Industry: E-Commerce, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown
  • Geography: Bulgaria

Investor stats

  • Total investments: 4
  • Round size: Seed $292k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • eBag.bg — eBag.bg is an online supermarket.
  • Releva — Releva predicts customer lifetime value, personalizes every touchpoint, and automates across email, SMS, WhatsApp, push, web, and app. 250+ B2C brands, 15+ countries. 80% prediction accuracy, 7.7x CLV.
  • Sensika Technologies — Sensika helps you discover, monitor, and analyze information from online media, social networks, print, TV, and radio.
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Casey Armstrong
Angel · Newport Beach, California, United States · 2 investments in Bulgaria SaaS startups

Casey Armstrong is the CMO at ShipBob.

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Investment focus

  • Industry: E-Commerce, Software, Apps
  • Stage:Seed, Pre-Seed
  • Geography: United States, Bulgaria, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $2.7M–$6M
  • 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.
  • Cogsy — Cogsy is the demand planning tool that supercharges how Shopify merchants and Amazon brands meet customer demand.
  • Fairing — Zero party data at speed & scale, for DTC brands on Shopify and beyond. 10x faster survey insights for marketing attribution, personalization, CRO & more
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South Central Ventures
VC Fund · Belgrade, Vojvodina, Serbia · 2 investments in Bulgaria SaaS startups

South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe.

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$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!
  • 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.
  • Alchemy — Alchemy Cloud software accelerates innovation and product development in applied science labs all over the world.
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Georgi Atanasov
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

Georgi Atanasov

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Investment focus

  • 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.
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 2 investments in Bulgaria SaaS startups

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.

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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.
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PostScriptum Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Bulgaria SaaS startups

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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Investment focus

  • 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.
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Svetozar Georgiev
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

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.

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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–$3.3M; Angel $165k–$204k; 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.
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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Bulgaria SaaS startups

Totally supercool and chilled VC investing in programmable assets, collaborative intelligence and other buzzwords.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 95
  • Round size: Seed $2M–$9M; Series A $5M–$43M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • TrueDAO — TrueDAO is a new-generation AI-native decentralized autonomous financial infrastructure. Built on the underlying logic of DAO community co-governance, it leverages smart contracts to construct an on-chain financial system integrating AI algorithm scheduling, staking, and dynamic protection. It optimizes economic parameters and asset strategies inreal time via AI models, delivers low-volatility and sustainable value growth paths for digital assets, and pioneers an innovative paradigm of autonomous finance.
  • Cryopets — Pausing biological time with cryosleep for pets
  • Share — From subsea cables to last-mile networks, Share coordinates fragmented infrastructure into a single ecosystem.
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Openfund
VC Fund · Athens, Attiki, Greece · 2 investments in Bulgaria SaaS startups

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

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Investment focus

  • Industry: Software, Travel, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 48
  • Round size: Seed $55k–$675k; Series A $1.5M–$5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

  • 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
  • EverythingStore — Multi-crypto e-commerce for buying and selling goods on any blockchain.
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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NEVEQ
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

NEVEQ (New Europe Venture Equity) is a venture capital fund focused on seed and early stage investments enabling companies to scale and reach growth stage. The fund has invested among others in business intelligence, travel technology, semantic technology, social media, telecommunication solutions and data center businesses.

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Investment focus

  • Industry: SaaS, Mobile, Analytics
  • Stage:Seed, Series A
  • Geography: Bulgaria, Argentina

Investor stats

  • Total investments: 3
  • Round size: Seed $1.1M–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Properati — Properati is an online and mobile property platform for the real estate market. The company offers buyers, users, agile, free of ads, banners website, and tenants or real estate investors with a quick, designed for them to be able to communicate effectively with the offeror who has what they are looking for.Properati has an office in Sao Paulo,Brazil, and was founded in 2012 and is headquartered in Buenos Aires, Distrito Federal, Argentina.
  • Content Insights — Helping online publishers evaluate, benchmark and rank content and authors' performance across platforms and languages
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Speedinvest
VC Fund · Vienna, Wien, Austria · 2 investments in Bulgaria SaaS startups

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.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 603
  • Round size: Seed $1M–$8M; Pre-Seed $713k–$3.8M; Series A $4.1M–$33M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $384M in 2022

Portfolio highlights

  • Findery — Find and leave notes anywhere in the world, discover local knowledge, hidden secrets, and exciting stories. Share your travel knowledge, geoblog, or local news!
  • Facility — Flexkeeping is a Hotel Operations Platform designed to help teams automate and collaborate like never before.
  • Polaron — Material Design. Supercharged with AI.
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Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 2 investments in Bulgaria SaaS startups

Ascensive Assets is a seed-stage venture firm that invests in blockchain-enabled companies across the full spectrum of web3.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 59
  • Round size: Seed $1.2M–$8.6M; Venture - Series Unknown $1.8M–$10M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $130M in 2021

Portfolio highlights

  • StripChain — StripChain unifies all the blockchains
  • Nest Wallet — A Wallet Built for Traders
  • Switchboard — Switchboard allows builders to unlock the power of solana by creating high-performance data feeds from any API. They will bring data on-chain that will enable developers to unlock the future of decentralized applications. They enable the SOL community to push any form of data on-chain.
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Magnus Capital
VC Fund · 2 investments in Bulgaria SaaS startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Seed $1.3M–$7.5M; Initial Coin Offering $2.1M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • Real Finance — Real Finance is driven by the mission to revolutionize the financial landscape by integrating real-world assets with blockchain technology, creating a more transparent, secure, and efficient ecosystem that bridges traditional finance with decentralized innovation, enhances asset liquidity, and unlocks new opportunities for global investors.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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Emil Tabakov
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

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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Investment focus

  • 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.
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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Bulgaria SaaS startups

One of the leading European technology-focused growth capital investors, backing high-growth SMEs across Technology & Internet, Media & Communications.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Series A, Seed
  • Geography: United States, Romania, Poland

Investor stats

  • Total investments: 73
  • Round size: Seed $719k–$4.6M; Series A $768k–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $176M in 2021

Portfolio highlights

  • NEXD — NEXD is a technology company with creativity at its heart that has developed a unique way to deliver content. Founded in 2015, NEXD is headquartered in London with sales offices in Berlin, Vienna and New York and has its main development hub in Tallinn, Estonia. NEXD is backed by leading Venture Capitalists including 3TS Capital Partners, part ofthe global Draper Venture Network and NEO Ventures.
  • GoTo (formerly LogMeIn) — GoTo, formerly known as LogMeIn, offers flexible-work software solutions such as GoTo Connect, GoTo Resolve, Rescue, and Central. Designed primarily for small and midsize business IT departments yet robust enough for enterprise use, GoTo's platform supports unified communications and collaboration (UCC) as well as IT management and support.With nearly 800,000 customers, GoTo facilitates over 1 billion participants in meetings, classes, and webinars through its UCC products and enables half a billion connections via its remote access and support tools.
  • ConveyIQ — ConveyIQ provides an intelligent candidate engagement platform. Its platform features an all-in-one bespoke communication framework for the entire candidate journey. ConveyIQ delivers personalized applicant communication that companies need to ensure a remarkable candidate journey.
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Maven Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Bulgaria SaaS startups

Maven Capital provides funding, supporting and advising ambitious cryptocurrency startups from seed to beyond.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United Arab Emirates, Singapore, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $1.2M–$6M; Pre-Seed $700k–$3.4M; Venture - Series Unknown $3.5M–$23M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Gacha Galaxy — The price oracle for collectible cards. Live marketplace data, grading-aware pricing, prediction signals on top.
  • Cluster Protocol — Orchestration layer for autonomous workflows and prompt to dapp browser based IDE on @base all powered by x402 Backed by @daofive and @papervc
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AU21 Capital
VC Fund · San Francisco, California, United States · 2 investments in Bulgaria SaaS startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 207
  • Round size: Seed $1.1M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • PERL.eco — The Planetary Ecosystem Registration Ledger will be a dedicated blockchain for real-world ecological assets through tokenizing carbon credits and biodiversity, NFTs and decentralised (DeFi) rewards.
  • A-World — Welcome to Animal World, a battle game based on #BNBCHAIN's super metaverse card tower defense. By setting up a hero tower to destroy monsters.
  • NeuronX — The First AI-Driven Lending Protocol on @dfinity
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Bulgarian Development Bank
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

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.

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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
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MetaCartel Ventures
VC Fund · 2 investments in Bulgaria SaaS startups

they aim to become the creator epicentre of the Web 3 movement,a hunting ground for the earliest of early ventures around decentralized applications and crypto experiments.they fund and support individuals and teams that aim to part-take in the collective effort towards this vision.they are a coordinating body, we are the connectors and fabric ofthe community.they are the infamous el cartel de la meta.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $1M–$9M; Pre-Seed $1M–$2.5M; Series A $4.7M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Envio — Index, query, and stream real-time blockchain data for Web3 apps across any EVM chain, plus Solana and Fuel.
  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Hydra Ventures — Hydra Ventures is the first dedicated investment DAO focused on backing and incubate other investment DAOs across the web3 ecosystem.
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Tim Draper
Angel · San Francisco, California, United States · 1 investments in Bulgaria SaaS startups, 18 in the past 12 months

Tim Draper is the Founding Partner of Draper Associates. He attended Harvard Business School.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 298
  • Round size: Seed $356k–$6.5M; Series A $2.5M–$25M; Series B $3M–$50M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • CASIMIR
  • illumicell AI — illumicell AI combines patented AI algorithms and proprietary microscopy technology to test 50x faster, 20x more effectively, empowering every healthcare provider at the point of care – not just fertility clinics – with accessible, scalable fertility diagnostics.
  • SignalRank — SignalRank Corporation is a FinTech company in the Venture space. It focuses on the seed stage asset class and uses data analytics to allocate capital to the best seed fund managers for their top performing companies. GPRank and CompanyRank are two proprietary algorithms it leverages to automate capital allocation. The company invests from balancesheet. Its customers are seed stage investors with outstanding companies in their portfolio.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Bulgaria SaaS startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $57k–$2.2M; Pre-Seed $44k–$1.2M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBioMed Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • noc™ — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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NewTribe Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Bulgaria SaaS startups

NewTribe Capital specializes in early-stage Web3 blockchain investments in Asia, Europe, and MENA. Discover our portfolio, team, etc.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 62
  • Lead/follow: no public data

Portfolio highlights

  • Rhuna — Rhuna is an AI and blockchain platform that transforms event management with NFT ticketing and token rewards.
  • Bluwhale — Unlock Web3 Wallet Potential with AI Insights. Supercharge Your Business Growth
  • BluWhale — BluWhale's mission is to leverage AI and ML to allow game developers to focus on ways to improve the game rather than wrangling and making sense of astronomical amounts of data. BluWhale's smart automation will do the heavy lifting usually reserved for data analysts and data scientists all in the background, and surface actionable insight
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BMW i Ventures
VC Fund · Mountain View, California, United States · 1 investments in Bulgaria SaaS startups

We operate with the speed and rigor of a Silicon Valley VC firm, while leveraging the value-add of BMW as a corporate partner

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Investment focus

  • Industry: Automotive, Software, Information Technology
  • Stage:Series B, Series A
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 142
  • Lead/follow: no public data

Portfolio highlights

  • Vera — Digital Guardian Secure Collaboration (formerly Vera) enables zero-trust security for sensitive data, enabling organizations to protect any file, anywhere.
  • Shift — Shift.com of San Francisco CA serving Oakland is one of the best pre-owned dealerships in CA. Call Sales <span class='callNowClass'>855-744-3873</span>
  • Blackmore Sensors and Analytics — Step inside the world of self-driving freight, powered by the Aurora Driver. Delivering the benefits of self-driving technology safely, quickly, and broadly.
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Founderful Campus
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Bulgaria SaaS startups, 10 in the past 12 months

Founderful Campus aims to educate students and support entrepreneurs to disrupt the startup culture on campuses, producing the next generation of tech leaders, and creating more value for society.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Renewable Energy
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: Switzerland, Bulgaria, United States

Investor stats

  • Total investments: 25
  • Lead/follow: no public data

Portfolio highlights

  • Avientus — Avientus is a revolutionary drone network with vertical take-off and landing (VTOL) capabilities to autonomously transport a variety of payloads—including parcels, food, medical supplies, and spare parts—across both urban and rural areas.
  • Recreate — Recreate is a technology platform that focuses on AI-driven content generation and creative automation.
  • Aurora Analytics — Aurora Analytics specializes in creating novel research and diagnostic products for education, food safety, healthcare, and threat detection.
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Petr Baron
Angel · London, England, United Kingdom · 1 investments in Bulgaria SaaS startups

Petr Baron CEO TBI Financial Services

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Investment focus

  • Industry: FinTech, Internet, Marketing
  • Stage:Seed
  • Geography: Bulgaria, Ukraine

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

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 provides the global rails for real-time revenue operations and recommits to empathy in automated brand communication. Releva is the only AI-first growth platform that optimizes customer experiences by providing a deeper understanding of the needs of each customer.Releva is a one-stop solution for eCommerce sales and marketing. Itcombines tools to measure, attribute, experiment, analyze, predict and automate your growth in real-time on a single dashboard. Releva combines user needs with your sales strategy to optimize for expected, timely, and engaging communication.
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Neo Gravity
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria SaaS startups

Neo Gravity is the 4th successive investment fund of serial entrepreneurs active in Southeast Europe since 2005.Investment strategy is to build increasing stakes in high-end consumer goods & services providers and in personal mobility. Investee companies and targets may be based in SEE but operate on a global scaleRapid digitalization ofthe global economy, convergence of EM economies to Western standards and spread of the pandemic have changed the purchasing behavior of the connected consumer.

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Investment focus

  • Industry: Pet, Craft Beer, Veterinary
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • DoggoCollar — DoggoCollar is a smart dog collar that tracks dogs’ location, activity, temperature and health.
  • Share a Scoot — Avoid traffic and parking. The service is entirely online without any additional hassle - directly through your smart phone with all operational systems We take care of the energy, the service, the insurance, the helmets and everything else.
  • Cheese the Queen — CHEESE THE QUEEN'S VISION IS TO BE THE NUMBER ONE CHOICE OF CONSCIOUS CONSUMERS IN SEARCH OF THE DELIGHT OF A HEALTHY AND TASTY PALATE. IN PURSUIT OF OUR VISION, WE ARE DEDICATED TO CREATE A SIGNATORY PRODUCT LINE THAT OFFERS INSPIRATIONAL AND NUTRITION-RICH TASTE EXPERIENCE. OUR COMMITMENT TO THE OVERALL WELLNESS OF THE EARTH AND ALL OF ITSINHABITANTS IS MANIFESTED IN OUR CHOOSING OF PLANT-BASEDFOOD TO CREATE OUR PORTFOLIO; ALONG WITH OUR WAYS OF PRODUCTION CENTERED AROUND RESPONSIBILITY AND EFFICIENCY, AND OUR SOURCING AROUND SUSTAINABILITY.
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EIT Digital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Bulgaria SaaS startups, 9 in the past 12 months

Join Europe's largest digital innovation ecosystem. For a strong digital Europe. Inclusive. Fair. Sustainable.

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Investment focus

  • Industry: Information Technology, Software, Internet
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Italy, Spain, Poland

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • VoiceMed — Track respiratory health using voiceWe bring deep-tech innovation into your smartphone. With vocal biomarkers and artificial intelligence, we track the evolution of respiratory diseases.
  • Assiduous — The AI-enabled platform to do the heavy-lifting for business owners seeking finance for their aspiring growth company.
  • Veganistik — Veganistik is a new generation vegan social platform, helping you start your plant-based life or maximize your experience.
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Accession Capital Partners
VC Fund · Vienna, Wien, Austria · 1 investments in Bulgaria SaaS startups

Central Europe's leading provider of financing solutions for middle market businesses.

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Investment focus

  • Industry: Manufacturing, Telecommunications, Health Care
  • Stage:Debt Financing, Private Equity
  • Geography: Poland, Bulgaria, Hungary

Investor stats

  • Total investments: 58
  • Lead/follow: no public data

Portfolio highlights

  • 5 to go — Let's find out the story of 5 to go - a business born and raised with pride in Romania
  • Polmed — Polmed provides laboratory tests, medical care packages, and diagnostic tests. They offer companies medical packages that vary in scope and cost, and comprehensive occupational medicine management, vaccinations, and preventive measures. An online inquiry form is available on the company's website.
  • Vetti Group — Vetti Group is a veterinary service group create the conditions for better and more complete care for pets.
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Lucid Blue Ventures
VC Fund · 1 investments in Bulgaria SaaS startups

Lucid Blue Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Blockchain, Gaming, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Spain

Investor stats

  • Total investments: 36
  • Round size: Seed $1.7M–$6.5M; Series A $3.7M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Velvet Capital — Trade any crypto onchain - spot and perpetuals across 7 chains with AI-powered routing. Non-custodial DeFi trading terminal + AI trading bot. 100K+ traders.
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KuCoin
VC Fund · Mahé, Beau Vallon, Seychelles · 1 investments in Bulgaria SaaS startups

Sign up with KuCoin, and get your first crypto today!

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Australia, Singapore

Investor stats

  • Total investments: 76
  • Lead/follow: no public data

Portfolio highlights

  • Wave — Wave is a US blockchain SUI ecosystem that offers DeFi and GameFi products.
  • Domin Network — Domin Network is a decentralized business network that connects software and hardware in many business situations using the NFT middleware protocol and DePIN rollup technology.
  • E Money Network — E Money Network is a modular Real-World Asset (RWA) blockchain technology designed with compliance at its core.
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SaaS Investor funding in Bulgaria at a glance

Stats across 291 deals from 188 investors.

188
investors
in Bulgaria SaaS startups
291
deals
in Bulgaria SaaS startups
$110k
median round
in Bulgaria SaaS startups
37%
lead investors
lead at least one round
43%
Seed
most common funding stage
74/26
VC / Angel
share of investor count

Access all 188 investors in Bulgaria SaaS startups.

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