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Top 50 SaaS Startup Investors in Bulgaria (July 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
47 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.7M
LAUNCHub Ventures
VC Fund
29 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Internet $44k–$58M
Impetus Capital
VC Fund
12 Bulgaria, United States, India Seed, Pre-Seed Software, Information Technology, 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
6 Bulgaria, Italy, Croatia Seed, Pre-Seed, Venture - Series Unknown Software, Internet, Marketing $108k–$3.8M
Hristo Hristov
Angel
5 Bulgaria, Ireland, Romania Seed, Pre-Seed, Angel Software, E-Commerce, Internet $637k–$1.1M
BrightCap Ventures
VC Fund
4 United States, Bulgaria, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, SaaS $212k–$6M
Zoran Arsovski
Angel
4 Bulgaria, Turkey, United States Seed, Angel, Pre-Seed Software, FinTech, Internet $219k–$6.9M
Mihail Stoychev
Angel
3 Bulgaria Seed, Angel, Pre-Seed SaaS, Apps, Shipping
North Base Media
VC Fund
3 United States, India, United Kingdom Seed, Series A, Series B Digital Media, Publishing, Advertising $75k–$23M
BlackPeak Capital
VC Fund
3 Bulgaria, United States, France Private Equity, Series B, Seed Manufacturing, Leisure, Software $464k–$50M
Georgi Petrov
Angel
3 Bulgaria, United States, Croatia Pre-Seed, Angel, Seed SaaS, Software, E-Commerce $283k–$875k
Imprimatur Capital Fund Management
VC Fund
2 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Adii Pienaar
Angel
2 United States, Nigeria, Bulgaria Seed, Pre-Seed E-Commerce, Software, Apps $450k–$2.7M
PostScriptum Ventures
VC Fund
2 Bulgaria, Germany, United States Private Equity, Seed, Angel Software, B2B, SaaS
3TS Capital Partners
VC Fund
2 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
Skynet Trading
VC Fund
2 Singapore, United States, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$15M
Sofia Angels Ventures
VC Fund
2 Bulgaria, United Kingdom, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Machine Learning $108k–$11M
South Central Ventures
VC Fund
2 United States, United Kingdom, Serbia Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $33k–$5.5M
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, Travel, SaaS $55k–$5M
Morningside Hill Capital Management
VC Fund
2 Bulgaria, China Seed Software, AgTech, Farming $1.1M–$4.4M
Casey Armstrong
Angel
2 United States, Bulgaria, United Kingdom Seed, Pre-Seed E-Commerce, Software, Apps $2.7M–$6M
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 $549k–$33M
Svetozar Georgiev
Angel
2 United Kingdom, Bulgaria, Greece Seed, Pre-Seed, Angel Software, SaaS, FinTech $110k–$3.2M
Georgi Atanasov
Angel
2 Bulgaria Angel SaaS, Software, Venture Capital
Bulgarian Development Bank
VC Fund
2 Bulgaria Seed, Pre-Seed, Debt Financing Finance, Software, Health Care $1.1M–$2.7M
Emil Tabakov
Angel
2 Bulgaria Angel, Pre-Seed SaaS, Software, Venture Capital
MetaCartel Ventures
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
Zee Prime Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.9M–$43M
Danish Chaudhry
Angel
1 United States, India, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Software $1.5M–$7M
Pleiade Venture
VC Fund
1 France, Belgium, United Kingdom Seed, Series A Software, E-Commerce, Artificial Intelligence $1.1M–$11M
Marshland Group
VC Fund
1 United Arab Emirates, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Information Technology $1.5M–$8.5M
RR² CAPITAL
VC Fund
1 Ireland, Bulgaria, Portugal Seed, Initial Coin Offering Blockchain, Software, Information Technology $1M–$2.5M
International Aviation Services
VC Fund
1 Bulgaria Convertible Note Banking, FinTech, Software
Varys Capital
VC Fund
1 United States, Panama, Spain Seed, Pre-Seed, Series A Blockchain, FinTech, Cryptocurrency $735k–$5.5M
METRIX Capital Group
VC Fund
1 Spain, Vietnam, Bulgaria Seed, Pre-Seed Gaming, Blockchain, Cryptocurrency $1.5M–$4.5M
Ascensive Assets
VC Fund
1 United States, Singapore, Brazil Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$9M
Magnus Capital
VC Fund
1 United States, India, Estonia Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $360k–$7.7M
Lucid Blue Ventures
VC Fund
1 Singapore, United States, Spain Seed, Series A Blockchain, Gaming, FinTech $1.7M–$10M
Nedko Krastev
Angel
1 Bulgaria Pre-Seed EdTech, Education
Sevdalina Vassileva
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
IOI Capital
VC Fund
1 Bulgaria Seed Internet, Software, Information Technology
Iliya Valchanov
Angel
1 Bulgaria Pre-Seed EdTech, Education
BlueOcean Ventures
VC Fund
1 Switzerland, India, France Series A, Seed, Series B Health Care, Medical, Biotechnology
Denis Gorbunov
Angel
1 Bulgaria Seed Internet, Marketing, E-Commerce
BMW i Ventures
VC Fund
1 United States, Germany, Canada Series B, Series A Automotive, Software, Information Technology
Accession Capital Partners
VC Fund
1 Poland, Bulgaria, Hungary Debt Financing, Private Equity Manufacturing, Telecommunications, Health Care
Urban Impact Ventures
VC Fund
1 The Netherlands, United States, Bulgaria Seed, Pre-Seed CleanTech, Information Technology, SaaS
Neo Gravity
VC Fund
1 Bulgaria Seed, Pre-Seed Pet, Craft Beer, Veterinary
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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 47 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: 145
  • Round size: Seed $27k–$2.7M; Pre-Seed $219k–$800k; Convertible Note $27k–$121k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Flataway.ai — Flataway - the home of subscription living. Live & work from anywhere in a trusted proffessionally managed accomodation.
  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 29 investments in Bulgaria SaaS startups

LAUNCHub is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

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

Investor stats

  • Total investments: 139
  • Round size: Seed $44k–$3.5M; Pre-Seed $183k–$2.8M; Series A $2.8M–$58M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • OfficeRnD — OfficeRnD helps flex space operators and hybrid teams manage the workplace of the future. Book your demo or start a free 14-day trial.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
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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: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, India

Investor stats

  • Total investments: 24
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.9M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

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

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

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Investment focus

  • Industry: Software, Internet, Marketing
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 22
  • Round size: Seed $217k–$3.8M; Pre-Seed $108k–$541k; Venture - Series Unknown $1.4M–$1.4M
  • Lead/follow: 86% lead, 14% follow

Portfolio highlights

  • QuarkXR — The Next Gen Compression and Streaming Technology! QuarkXR is an ultra-fast software solution that provides low-latency wireless transmission. It runs the heavy processes on the GPU, and is hardware-agnostic.
  • VibeJobs — VibeJobsis a company that provides quick and easy access to the most sought-after professionals in the labor market by leveraging a chatbot-based communication and recruiting automation solution.
  • 365 Data Science — 365 Data Science offers data science, machine learning, and AI training to help you land your dream career. Learn ChatGPT, Python, Excel, Tableau, Power BI, and more.
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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 $637k–$1.1M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • ONDO Smart Farming Solutions — Precise drip irrigation management and control, precise plant nutrition and climate control for various crops - ONDO Smart Farming solutions.
  • Releva — Releva predicts customer lifetime value, personalizes every touchpoint, and automates across email, SMS, WhatsApp, push, web, and app. 250+ B2C brands, 15+ countries. 80% prediction accuracy, 7.7x CLV.
  • Biodit Global Technology JSC — Biodit Global Technology is a tech company that specializes in development of state-of-the-art biometric security systems.BIODIT means innovation, comfort, design but above all, it means the highest level of SECURITY. Endless areas of application - healthcare industry, business and office centers, commercial and residential buildings,hospitality, banking and automotive industries.The areas of application of our unique biometric technology for access control, time attendance monitoring and management of operations, just to name a few, are endless - healthcare industry, business and office centres, commercial and residential buildings, hospitality industry, university centres, banking industry, automotive industry, security companies etc.
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 4 investments in Bulgaria SaaS startups

We invest in early-stage tech startups with roots in Southeast Europe, working on defensible technology and a clear strategy for entering affluent markets.

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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: 31
  • Round size: Seed $932k–$6M; Pre-Seed $212k–$2.6M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $29M in 2018

Portfolio highlights

  • Jest — Jest offers messaging games that are built for the texting era. Jest allows frictionless, no-download gameplay that is optimized for maximum retention and growth.
  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Deep Infra — Deep Infra offers cost-effective, scalable, easy-to-deploy, and production-ready machine-learning models and infrastructures for deep-learning models.
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Zoran Arsovski
Angel · Sofia, Grad Sofiya, Bulgaria · 4 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 $219k–$430k; Pre-Seed $660k–$901k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Magfi — A search engine that analyzes communities into WhatsApp, Telegram, and Discord with AI, ML, and NLP and places ads with micro-targeting.
  • Visibilio — We build AI agents for content creation - helping companies connect with customers and powering the intelligence hubs strategic sectors need to make better decisions and move faster.
  • Native Teams — Hire anyone, anywhere with Native Teams. Use EOR and PEO services to employ global talent or get compliant employment as a freelancer.
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Mihail Stoychev
Angel · 3 investments in Bulgaria SaaS startups

Mihail Stoychev - Founder and CEO @ SMSBump

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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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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, Publishing, Advertising
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 60
  • Round size: Seed $75k–$5.7M; Series A $2M–$8M; Series B $2M–$23M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2019

Portfolio highlights

  • Majarra — Majarra is an Arabic online content provider in the region.
  • Rappler — Rappler is the Philippines' leading digital media company that's driven by uncompromising journalism, enabled by technology, and enriched by communities of action.
  • Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!
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Access 48,091 investors

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

Browse database — It's Free!
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 — Fasal offers high-performance injection-moldable compounds made from renewable lumber, allowing for sustainable production of complex and durable wood products.
  • Affinity Life Care — Affinity Life Care is the private provider of elderly care residences in Romania, operating several centers in central Bucharest with a capacity of over 400 authorized beds. These facilities offer a range of accommodation options, from single rooms to shared arrangements, all designed to be comfortable, accessible, and suitable for seniorsrequiring either long-term care or assisted living.
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Georgi Petrov
Angel · 3 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 $283k–$875k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GoAudience — GoAudience is the marketing intelligence platform that helps e-commerce brands find and convert high-intent buyers using exclusive spending data from 220M consumers.
  • Pricemind
  • Recommend — Recommend develops predictive market intelligence infrastructure for commercial teams and AI-powered platforms. The company uses a purpose-built behavioral model and real-time signal processing to detect, predict, and act on market demand before it appears in traditional analytics. Its platform provides tools for demand discovery, campaignactivation, performance intelligence, and predictive APIs that enterprises and agencies integrate into marketing, media planning, and commercial decision workflows. Recommend also maintains infrastructure for large-scale ingestion, clustering, and scoring of market signals across news, social, search, and behavioral data sources. The company's products are primarily used by global agencies, enterprise brands, and platform partners building demand-driven commercial applications.
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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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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
  • 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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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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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: 70
  • Round size: Seed $719k–$2.6M; 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 platform for creating interactive programmatic display and video ads. Free 14-day trial.
  • GoTo (formerly LogMeIn)
  • 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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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 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, Financial Services
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Switzerland

Investor stats

  • Total investments: 37
  • Round size: Seed $1.5M–$9.6M; Series A $9M–$15M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • BullPerks — BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — Pheasant Network uses intent-based bridging and an innovative cross-chain swap protocol to connect 30+ blockchain networks quickly and efficiently.
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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 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, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Bulgaria, United Kingdom, Germany

Investor stats

  • Total investments: 21
  • Round size: Seed $657k–$2.9M; Pre-Seed $108k–$901k; Series A $9.8M–$11M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Ogre AI — Ogre AI is a data science company specializing in machine learning and artificial intelligence solutions
  • Fabrico SaaS — Fabrico is a cloud-based CMMS, which manages all the maintenance processes in a production plant by integrating end-to-end maintenance strategies in a lean way.
  • Blue Longevity — Blue Longevity is a supplier of longevity medicine that offers evidence-based, individualized, and integrated approaches to improve longevity and encourage good aging. It uses digital coaching in conjunction with state-of-the-art diagnostics, lifestyle medicine, and regenerative therapies to develop customized workout, stress-reduction, and dietplans.
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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, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Serbia

Investor stats

  • Total investments: 61
  • Round size: Seed $219k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $82M in 2022

Portfolio highlights

  • GlycanAge — The only biological age test that accurately measures your unique response to life changes. Discover your biological age and make lifestyle improvements!
  • Katalist — KatalistAI is a design assistant that unleashes your marketing and design potential. Driven by cutting-edge AI, it streamlines your creative process, elevates your ideas, and amplifies productivity.
  • City Expert — City Expert Global is a Serbian startup that introduces new technologies and business approach to the traditional real estate sector. It focuses on creating new standards in the advertising and agency real estate sector. City Expert Global was founded in 2015 by Darko Luković, Stefan Stojanović, and Igor Jović. It is based in Belgrade, Serbia.
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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, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Greece, United Kingdom, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $55k–$675k; Series A $1.5M–$5M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

  • Goodvidio — Goodvidio is a software service that turns the power of product videos into a conversion optimization tool. It helps ecommerce stores optimize their product pages for conversions by adding curated product videos from social media, to engage shoppers and drive purchases.
  • 100mentors — The problem:We take our most critical career & academic decisions quite randomly. *Our mission:To empower the world’s youth to consciously take their once in a lifetime decisions.100mentors: On-demand access to the world's largest alumni network. Prepare your students for the workplace of the future.* We live in an agewhere you can have an Uber cab show up in 2', with the car type you like, full visibility of the driver reviews, even the ability to pre-set the music you'​ ll listen to during your ride. At the same time, you have almost zero capacity to personalise yours or your kid's career & academic orientation to find what truly fits their profiles, needs & special talents or customise their counselling for landing their dream universities & jobs & pursuing their real inclinations...https://www.youtube.com/watch?v=g18FLCNjscM&feature=youtu.be
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria SaaS startups

Private investment partnership

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Investment focus

  • Industry: Software, AgTech, Farming
  • Stage:Seed
  • Geography: Bulgaria, China

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$4.4M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • nPloy — Simply set your filters and get matched with your dream job! Let top employers apply for you & connect with them via chat or a video call.
  • ThingsLog
  • Zhongke Jiahe — Zhongke Jiahe develops compilation technology and aspires to build a universal, low-cost, high-performance fundamental software tool chain.
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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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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: 552
  • Round size: Seed $980k–$8M; Pre-Seed $549k–$4.1M; Series A $4M–$33M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $384M in 2022

Portfolio highlights

  • Bikemap — Bikemap is the crowdsourced cycling map & navigation of the world. With the help of more than 2.3M users in 100 countries, Bikemap helps you find the best cycling route from A to B - every time. Users shared more than 4M cycling routes in all corners of the world - and within the Bikemap Premium subscription, tens of thousands get access tooffline, routing, map features.
  • morgana — Morgana is reshaping the mortgage industry in Latam. With a 5x faster application process, in-depth market knowledge, privileged access to data, and superb team, we are a groundbreaking digital mortgage broker that will shortly be competing with banks.
  • GAMINSIDE — GAMINSIDE revolutionizes your relationship with your customers. As European full service provider, we deliver the complete package with solutions, services and software for gamified loyalty that is tailor-made and unique to your products, brands and customers. Integrate the best ideas from gamification and customer loyalty in your business areato exceed your commercial targets with GAMINSIDE.
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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–$3.2M; Angel $165k–$219k; Pre-Seed $138k–$1.1M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Payhawk — Payhawk is a spending software that simplifies expenses, payments, and card spending for growing businesses. The company's platform enables financial officers and business owners to manage the entire spending lifecycle end-to-end. It collects and analyzes receipts, invoices, and card transactions to help stay in control of the budget with nopaperwork for the employees. With its paperless corporate card linked to an automated expense management, Payhawk provides a product on top of existing banks.Payhawk was founded in 2018 and is headquartered in London, England.
  • Reloyalty — We turn every bank card in Europe into a loyalty card. Reloyalty is a fully automated and personalised loyalty platform on top of card payments leveraging Open Banking / PSD2. We enable users to connect existing bank cards to Reloyalty and unlock 10-50% in reward value from their every day shopping. Participating retailers and banks can getaccess to data about their most valuable customers based on purchasing patterns and launch loyalty campaigns with measurable ROI.Reloyalty was founded with the goal of helping businesses identify their most passionate customers and helping those people get treated as such. They believe that the their relationship with the places where they shop, eat and meet with people are more than transactional.
  • Icanpreneur — Icanpreneur is an AI co-founder platform that helps validate ideas, products, and growth opportunities, then turns customer insights into buyer personas, go-to-market strategy, and launch-ready assets.
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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
  • 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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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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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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MetaCartel Ventures
VC Fund · 1 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, Singapore

Investor stats

  • Total investments: 37
  • Round size: Seed $1.2M–$9M; Pre-Seed $1M–$2.5M; Series A $4.6M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
  • 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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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 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, Singapore, United Kingdom

Investor stats

  • Total investments: 84
  • Round size: Seed $1.9M–$9M; Series A $2.8M–$43M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Cryopets — Pausing biological time with cryosleep for pets
  • Share — Share operates as an independent and neutral digital infrastructure platform dedicated to advancing Africa’s growth and development. It provides reliable, scalable, and inclusive technological foundations that enable governments, businesses, and communities to build, connect, and innovate.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
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Danish Chaudhry
Angel · London, England, United Kingdom · 1 investments in Bulgaria SaaS startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 27
  • Round size: Seed $1.9M–$7M; Pre-Seed $1.5M–$3.3M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Nexio — Nexio is a bitcoin scaling solution platform that helps to improve cryptocurrency's scalability by using parallelizing Bitcoin rollouts.
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
  • Neutral Trade — Neutral Trade, an on-chain multi-strategy hedge fund platform, offers innovative delta-neutral trading and liquidity provisioning strategies to deliver consistent, risk-adjusted returns.
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Pleiade Venture
VC Fund · Paris, Ile-de-France, France · 1 investments in Bulgaria SaaS startups

Pleiade Venture is a French Ventrue Capital Company. It supports innovative companies from all sectors, except biotech.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: France, Belgium, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $1.1M–$5M; Series A $1.4M–$11M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • SteerFox — Notre solution croissance e-commerce c'est : une plateforme unique de gestion des canaux SEA et une expertise humaie pour atteindre vos objectifs.
  • Kenko — Kenko is an application that helps to provide corporate health insurance.
  • ArcaScience — Achieving worldwide biomedical targeting, identifying adverse events, and mastering interoperability down to the tiniest form of data extraction and visualization is what ArcaScience does on a daily basis. User-friendly interface generating instant hypotheses, extracting therapeutic insights in seconds, and showing incredible graphicrepresentations to pick up any evidence made clear instantly.
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Marshland Group
VC Fund · Castries, Castries, Saint Lucia · 1 investments in Bulgaria SaaS startups

Marshland Group is a venture capital firm focused on early-stage companies with dynamic teams and disruptive ideas.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United Arab Emirates, United Kingdom, Singapore

Investor stats

  • Total investments: 21
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $1.5M–$1.9M
  • Lead/follow: 5% lead, 95% 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.
  • BuyerBeats — BuyerBeats is an AI workforce platform for SMEs that captures purchasing signals, executes sales workflows, and interacts consumers.
  • Interstate — Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1.
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RR² CAPITAL
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Bulgaria SaaS startups

RR2 Capital is a venture capital firm that provides investment services.

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Investment focus

  • Industry: Blockchain, Software, Information Technology
  • Stage:Seed, Initial Coin Offering
  • Geography: Ireland, Bulgaria, Portugal

Investor stats

  • Total investments: 11
  • Round size: Seed $1M–$2.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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International Aviation Services
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria SaaS startups

Founded in 2005, IAS Ltd. initiated its activity as an aviation consulting company with experienced engineers holding FAA A & P EASA licenses.

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Investment focus

  • Industry: Banking, FinTech, Software
  • Stage:Convertible Note
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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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Varys Capital
VC Fund · New York, New York, United States · 1 investments in Bulgaria SaaS startups

Varys Capital is a total return fund providing secure access to the digital asset class through its dual approach to investment returns in venture capital.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Panama, Spain

Investor stats

  • Total investments: 15
  • Round size: Seed $735k–$5.5M; Pre-Seed $1.1M–$3.5M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • MSafe — MSafe offers the most secure, decentralized, scalable Web3 non-custodial, multi-signature solution built on Move, ideal for dApp developers to use for treasury management, token management, smart contract development, blockchain protocol admin control, live on Aptos
  • Polysights — Polysights is an AI-powered prediction market analytics and automation platform that delivers market intelligence and trade execution tools.
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
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METRIX Capital Group
VC Fund · Anaheim, California, United States · 1 investments in Bulgaria SaaS startups

METRIX Capital Group was founded in 2011

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: Spain, Vietnam, Bulgaria

Investor stats

  • Total investments: 10
  • Round size: Seed $1.5M–$4.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • GoFungibles — GoFungibles is a cross-chain state-of-the-art NFT marketplace equipped with all the existing features of conventional NFT marketplaces but augmented with DeFi and gamified components.
  • Legends of Mitra — Discover the best crypto casino slots of 2026. Compare 5 top Bitcoin casinos offering provably fair games, massive bonuses, and instant crypto withdrawals.
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Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 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, Series A
  • Geography: United States, Singapore, Brazil

Investor stats

  • Total investments: 52
  • Round size: Seed $1.2M–$9M; Series A $4M–$7.5M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $130M in 2021

Portfolio highlights

  • StripChain — Stripchain is an intent-based interoperability standard that enables chain abstraction.
  • 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 · 1 investments in Bulgaria SaaS startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, India, Estonia

Investor stats

  • Total investments: 64
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $360k–$1.5M
  • Lead/follow: 9% lead, 91% 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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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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Nedko Krastev
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria SaaS startups

Nedko Krastev is the Founder of 365 Careers.

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Investment focus

  • Industry: EdTech, Education
  • Stage:Pre-Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 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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Sevdalina Vassileva
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria SaaS startups

Sevdalina Vassileva - Business developer @ EuroPATC

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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IOI Capital
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria SaaS startups

IOI Capital offers expert investment services, focusing on strategic partnerships, capital raising, and project packaging in sectors like technology, real estate, and green energy. Specializing in Eastern Europe, Central Asia, and the GCC, we drive growth and diversification.

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Investment focus

  • Industry: Internet, Software, Information Technology
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • YouMatch — Find your soulmate in 60 days! No swipes and no texting.
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Iliya Valchanov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria SaaS startups

Iliya Valchanov is the Co-founder of 3veta.

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Investment focus

  • Industry: EdTech, Education
  • Stage:Pre-Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 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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BlueOcean Ventures
VC Fund · Plan-les-ouates, Geneve, Switzerland · 1 investments in Bulgaria SaaS startups

BlueOcean Ventures SA provides capital, operational and company development advisory support (mentoring, company management, divestment experience, network, negotiation support) to entrepreneurs in Switzerland. BlueOcean Ventures is based in Geneva, Switzerland.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Switzerland, India, France

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

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.
  • CyanoGuard AG — Our award-winning cyanide testing and optimizing solution is ideal for the mining, food, and medical field. It's easy to use, digital and offers real-time data.
  • 99RetailStreet — 99RetailStreet is an eCommerce Cloudplatform for the unorganized Retail business in the developing countries. Our ecosystem targets Retailers, Distributors, and Manufacturers. 99RetailStreet provides POS solutions to Retailers, Real-Time Analytics to Manufacturers and Distributors
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Denis Gorbunov
Angel · 1 investments in Bulgaria SaaS startups

Denis Gorbunov

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Investment focus

  • Industry: Internet, Marketing, E-Commerce
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • 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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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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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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Urban Impact Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Bulgaria SaaS startups

At Urban Impact Ventures we combine creative financial structuring and innovative technology to improve the urban quality of life in Europe.

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Investment focus

  • Industry: CleanTech, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, United States, Bulgaria

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • BIYU — Transform your business with our modular rental and subscription platform. Proven expertise in warehouse management, asset tracking, and circular economy solutions.
  • Hardt Hyperloop — Hardt develops a transport system in traveling huge distances completely emission-free, safe, and accessible to everyone. Hardt Hyperloop has emerged from the winning team at the SpaceX Hyperloop Competition, dedicated to realizing the hyperloop.
  • uIMPACT — Best ESG screening software for Startups and Investors. Measure your impact through the Sustainable development goals and receive expert advice. Start now with uIMPACT
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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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SaaS Investor funding in Bulgaria at a glance

Stats across 247 deals from 161 investors.

161
investors
in Bulgaria SaaS startups
247
deals
in Bulgaria SaaS startups
$110k
median round
in Bulgaria SaaS startups
37%
lead investors
lead at least one round
45%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

Access all 161 investors in Bulgaria SaaS startups.

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