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Top 50 Software Startup Investors in Bulgaria (June 2026)

The most active venture capital funds and angel investors investing in Bulgaria Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Software 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
30 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$2.3M
LAUNCHub Ventures
VC Fund
17 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Enterprise Software $44k–$58M
Vitosha Venture Partners
VC Fund
7 Bulgaria, United States, United Kingdom Pre-Seed, Seed Software, Marketplace, Information Technology
Impetus Capital
VC Fund
5 Bulgaria, United States, India Seed, Pre-Seed Software, Information Technology, SaaS $121k–$3M
Hristo Hristov
Angel
4 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
PostScriptum Ventures
VC Fund
3 Bulgaria, Germany, United States Private Equity, Seed, Angel Software, B2B, SaaS
North Base Media
VC Fund
3 United States, India, United Kingdom Seed, Series A, Series B Digital Media, Publishing, Advertising $75k–$8M
Georgi Petrov
Angel
3 Bulgaria Seed, Angel, Pre-Seed SaaS, Apps, Shipping
New Vision 3
VC Fund
3 Bulgaria, Italy, Croatia Seed, Pre-Seed Consulting, Service Industry, Solar $110k–$4.4M
Mihail Stoychev
Angel
3 Bulgaria Seed, Angel, Pre-Seed SaaS, Apps, Shipping
Zoran Arsovski
Angel
3 Bulgaria, Turkey, United States Seed, Angel, Pre-Seed Software, FinTech, Internet $678k–$6.9M
BlackPeak Capital
VC Fund
3 Bulgaria, United States, France Private Equity, Series B, Seed Manufacturing, Leisure, Software $464k–$50M
Morningside Hill Capital Management
VC Fund
2 Bulgaria, China Seed Software, AgTech, Farming $1.1M–$4.4M
Svetozar Georgiev
Angel
2 United Kingdom, Bulgaria, Greece Seed, Pre-Seed, Angel Software, SaaS, FinTech $110k–$3.2M
Openfund
VC Fund
2 Greece, United Kingdom, United States Seed, Series A, Pre-Seed Software, Travel, SaaS $55k–$5M
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, Serbia, United Kingdom Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $33k–$5.5M
NEVEQ
VC Fund
2 Bulgaria, Argentina Seed, Series A SaaS, Mobile, Analytics $1.1M–$2.3M
ZBS CAPITAL
VC Fund
1 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $735k–$25M
Faris Sweis
Angel
1 Bulgaria Angel SaaS, Software, Venture Capital
Varys Capital
VC Fund
1 United States, Panama, Spain Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $735k–$5M
RR² CAPITAL
VC Fund
1 Bulgaria, Seychelles, Switzerland Seed Blockchain, FinTech, Bitcoin $1M–$2.5M
Maven Capital Partners
VC Fund
1 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, SaaS $655k–$25M
Dalibor Jevtic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Heslin Kim
Angel
1 Estonia, Bulgaria, Singapore Seed Cryptocurrency, Gaming, FinTech $1.8M–$12M
International Aviation Services
VC Fund
1 Bulgaria Convertible Note Banking, FinTech, Software
Rune Sovndahl
Angel
1 Bulgaria Seed iOS, Apps, Mobile
Nedelcho Spasov
Angel
1 Bulgaria, United Kingdom Seed Farming, FinTech, Payments $1.1M–$3.2M
Georgi Atanasov
Angel
1 Bulgaria Angel SaaS, Software, Venture Capital
Iliya Valchanov
Angel
1 Bulgaria Pre-Seed EdTech, Education
Stanimir Vassilev
Angel
1 Bulgaria, United Kingdom Seed Farming, FinTech, Payments $1.1M–$3.2M
Peech Capital
VC Fund
1 Singapore, Spain, Estonia Seed, Corporate Round Cryptocurrency, Gaming, FinTech $1.8M–$5.7M
Dejan Pejcic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Skynet Trading
VC Fund
1 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$15M
Miodrag Stankovic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Selahattin Zoralioğl
Angel
1 Turkey, Bulgaria Seed Computer, Software, Web Apps
Emil Tabakov
Angel
1 Bulgaria Angel SaaS, Software, Venture Capital
Bulgarian Development Bank
VC Fund
1 Bulgaria Pre-Seed, Debt Financing Finance, Software, Health Care
EIT Digital
VC Fund
1 Italy, Spain, Poland Pre-Seed, Grant, Seed Information Technology, Software, Internet
BMW i Ventures
VC Fund
1 United States, Germany, Canada Series B, Series A Automotive, Software, Information Technology
3TS Capital Partners
VC Fund
1 United States, Romania, Poland Series A, Seed Software, Internet, SaaS $719k–$12M
BlueOcean Ventures
VC Fund
1 Switzerland, India, France Series A, Seed, Series B Health Care, Medical, Biotechnology
Sofia Angels Ventures
VC Fund
1 Germany, Italy, Austria Seed, Pre-Seed, Series A Artificial Intelligence, Information Technology, Software
NAP
VC Fund
1 Germany, United Kingdom, Ireland Seed, Series A, Pre-Seed Software, Information Technology, SaaS
NewTribe Capital
VC Fund
1 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Information Technology
Magnus Capital
VC Fund
1 Singapore, United States, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.5M–$9.5M
IOI Capital
VC Fund
1 Bulgaria Seed Internet, Software, Information Technology
Moonrock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Sevdalina Vassileva
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Access all 45 investors in Bulgaria Software 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 · 30 investments in Bulgaria Software 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: 142
  • Round size: Seed $27k–$2.3M; Pre-Seed $219k–$796k; Convertible Note $27k–$121k
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $68M in 2022

Portfolio highlights

  • Bitloops — Bitloops is an AI-powered application development platform that enables organizations to develop, maintain, and operate complex web applications with ease. It helps you easily modify system designs, deploy applications to production, and manage changes, new features, and products. The platform enables teams to innovate quickly and grow the productor business without compromising the product's usability, extendability, or maintainability. Bitloops makes it simpler than ever to create high-quality software utilizing best practices and techniques like DDD, BDD, TDD, hexagonal architecture, clean architecture, ports and adapters, CQRS, and event sourcing suitable for extending legacy systems as well as new initiatives.
  • 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.
  • Outfindo — Making bikes & e-bikes buying easy
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 17 investments in Bulgaria Software 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, Enterprise Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 134
  • Round size: Seed $44k–$3.4M; Pre-Seed $183k–$2.3M; Series A $2.8M–$58M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • 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.
  • Dataworks Research SRL — Soleadify provides business data enrichment with unprecedented coverage of SMBs, accurate classification and in-depth insights based on real-time updates.Always driven by the complexity of AI and Machine Learning, we build more efficient ways of getting more data and get more out of it. Urged on reliability and complete-ness, our datasets haveyet to be beaten in terms of accuracy and classification by industry mammoths.
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Vitosha Venture Partners
VC Fund · Sofia, Grad Sofiya, Bulgaria · 7 investments in Bulgaria Software 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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Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 5 investments in Bulgaria Software 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: 23
  • Round size: Seed $121k–$3M; Pre-Seed $163k–$1.9M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $1.4M in 2019

Portfolio highlights

  • Delivers.AI — Delivery droid operator
  • 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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Hristo Hristov
Angel · Sofia, Grad Sofiya, Bulgaria · 4 investments in Bulgaria Software 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 Software 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: 28
  • 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

  • Kardi Ai — With Kardi AI, we aim to offer medical grade cardiac home monitoring for a low cost by utilizing AI to achieve EKG level performance from a low-cost wearable that is available to the patient any time they need it. The Kardi AI kit is available from your cardiologist and contains all you'll need to have at home, cardiac monitoring whenever youneed. Kardi AI's artificial neural network will monitor and diagnose your heart every day, letting you know if you should contact your doctor or go to the emergency room.
  • Deep Infra — Deep Infra offers cost-effective, scalable, easy-to-deploy, and production-ready machine-learning models and infrastructures for deep-learning models.
  • RobosizeME — With headquarters in Czechia and the United States, RobosizeME is a process automation specialist for the global hospitality industry, helping companies automate their operational processes based on our extensive industry knowledge and technical expertise. Our process automations can help hospitality providers automate processes and driveefficiencies in all areas of hotel operations, including Front of House, Back of House, Reservations, Revenue Management, Distribution, Meetings & Events and Finance.Our virtual workers will help your experienced staff to focus on guests and bring your business the expected cost-effectiveness and value.
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PostScriptum Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 3 investments in Bulgaria Software 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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North Base Media
VC Fund · Singapore, Central Region, Singapore · 3 investments in Bulgaria Software 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: 55
  • Round size: Seed $75k–$3.6M; Series A $2M–$8M; Series B $2M–$6.5M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2019

Portfolio highlights

  • Spectrm — charles is the Conversational Marketing AI and CRM platform for brands to attract, convert, and retain customers via AI agents and marketing automations.
  • Vietcetera Media — Vietcetera Media - Understanding Vietnam
  • Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!
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Georgi Petrov
Angel · 3 investments in Bulgaria Software startups

Georgi Petrov is a Chief Executive Officer and Founder at 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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New Vision 3
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Software startups

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

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Investment focus

  • Industry: Consulting, Service Industry, Solar
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, Italy, Croatia

Investor stats

  • Total investments: 14
  • Round size: Seed $406k–$4.4M; Pre-Seed $110k–$549k
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Bronia — Bronia is an intelligent acoustic signal processing technology. It uses cutting-edge proprietary technology to detect noises of interest, determine their sources, and act intelligently.
  • AdScout — AdScout enables businesses to reach new customers through a smart social referral platform
  • 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.
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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 Software 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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Zoran Arsovski
Angel · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Software 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; Pre-Seed $678k–$911k
  • 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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BlackPeak Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Software 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: 16
  • Round size: Seed $464k–$549k; Series B $7.7M–$50M
  • Lead/follow: 19% lead, 81% 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.
  • GenePlanet — GenePlanet is a European company active in the field of biotechnology, specializing in genetic testing and research. They specialize in preventive genetic tests that are intended for the end user, but they also offer clinical genetic tests which help doctors with their therapeutic procedures. Their tests adhere to the highest standards of qualityand are based on the latest scientific discoveries. They provide people with information which can help them adjust their lifestyle accordingly and take measures that will provide additional protection from health risks due to genetic predispositions.
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Morningside Hill Capital Management
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Software startups

Private investment partnership

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Investment focus

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

Investor stats

  • Total investments: 5
  • Round size: Seed $1.1M–$4.4M
  • Lead/follow: 80% lead, 20% 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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Svetozar Georgiev
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Software 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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Openfund
VC Fund · Athens, Attiki, Greece · 2 investments in Bulgaria Software 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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Casey Armstrong
Angel · Newport Beach, California, United States · 2 investments in Bulgaria Software 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 Software 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, Series A, Pre-Seed
  • Geography: United States, Serbia, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Seed $120k–$2.8M; Pre-Seed $33k–$2M; Series A $329k–$5.5M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $82M in 2022

Portfolio highlights

  • Insightful — Get Insightful starting from 6.4$ and start monitoring your employees now!
  • hylosense — Almost all energy is dependent on weather, yet energy companies still rely on outdated weather forecasts which can’t capture details needed for decimal point accuracy. So every small forecast errors trigger grid instability, penalties, and poor energy bids. That's why we built hylosense - hyper-local weather models that are up to 50% moreaccurate than their global counterparts.
  • 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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NEVEQ
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Software 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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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Bulgaria Software startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

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

Investor stats

  • Total investments: 124
  • Round size: Seed $735k–$6M; Initial Coin Offering $2.9M–$25M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • MonkeyLeague — MonkeyLeague is a video game company. They develop PC and console-based NFT games. The company offers a turn-based, play-and-earn multi-player soccer game that provides monkey NFTs of genetic composition formulated from 32 traits.
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Faris Sweis
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software startups

CTO at Progress Software Corp.

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Investment focus

  • Industry: SaaS, Software, Venture Capital
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • 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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Varys Capital
VC Fund · New York, New York, United States · 1 investments in Bulgaria Software 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, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Panama, Spain

Investor stats

  • Total investments: 13
  • Round size: Seed $735k–$5M; Pre-Seed $1.1M–$3.5M
  • Lead/follow: 31% lead, 69% 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
  • Momentum — Momentum is a move central liquidity engine with multi-sig treasury management, token vesting, and liquidity provisioning.
  • Blueberry Protocol — Access premium DeFi opportunities, tokenized yield strategies, and comprehensive tools for the Hyperevm onchain ecosystem.
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RR² CAPITAL
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Bulgaria Software startups

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

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Investment focus

  • Industry: Blockchain, FinTech, Bitcoin
  • Stage:Seed
  • Geography: Bulgaria, Seychelles, Switzerland

Investor stats

  • Total investments: 10
  • Round size: Seed $1M–$2.5M
  • Lead/follow: 10% lead, 90% 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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Maven Capital Partners
VC Fund · Glasgow, Glasgow City, United Kingdom · 1 investments in Bulgaria Software startups

Maven is one of the UK's leading private equity and investment firms. We provide essential capital and expertise to help businesses unlock their potential.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 186
  • Round size: Seed $655k–$5.2M; Series A $2.6M–$25M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • XR Games — XR Games (based in Leeds, England) makes both console and mobile Virtual and Augmented Reality (VR/AR) games for world famous Intellectual Properties. XR Games is an innovative start-up with Venture Capital funding.
  • Novatus Global — Novatus helps Financial Services Firms to Lead, Solve and Redefine with our expert Technology and Consulting Solutions.
  • Alderley Lighthouse Labs — Alderley Lighthouse Labs is a laboratory-based testing facility, specializing in human diagnostics.
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Dalibor Jevtic
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Bulgaria Software startups

Dalibor Jevtic

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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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Heslin Kim
Angel · 1 investments in Bulgaria Software startups

Heslin Kim is the founder and CEO of Blockchain ROK.

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Investment focus

  • Industry: Cryptocurrency, Gaming, FinTech
  • Stage:Seed
  • Geography: Estonia, Bulgaria, Singapore

Investor stats

  • Total investments: 4
  • Round size: Seed $1.8M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NeoFi — Buy, Sell, Trade and Invest in Bitcoin, Ethereum, Shiba Inu, Dogecoin, Cardano, Polygon and 100s other cryptocurrency from India's best cryptocurrency exchange.
  • Credefi — Credefi connects crypto lenders with SME borrowers from the fiat economy.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
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International Aviation Services
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software 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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Rune Sovndahl
Angel · London, England, United Kingdom · 1 investments in Bulgaria Software startups

Summary - Rune Sovndahl (Born 13 February, 1975) is a Danish-born entrepreneur with over fifteen years' experience in the the IT, dot-com and telecommunications industries. He is the founder of Briing.com, Polish portal Gadatka.com and Victor Connect Ltd. He is currently the co-owner and CEO of international SEO agency Early Life- Sovndahl grew up in Copenhagen attending both Following his service in the Royal Danish Navy, Rune developed a passion for the culinary arts which lead to him to working in the kitchens of multiple Michelin Star restaurants in Copenhagen and Søllerød under the tutelage of Franz Stockhammer. Rune was fascinated by El Bulli and the school of culinary technology and organization, but he left the industry due to a severe shellfish allergy. He keeps the passion of his culinary days alive in the day to day work of his companies. Career- Rune's interest in technology and human interaction led him to the fields of Search Engine Marketing, Paid Search, Natural Search, Brand Discovery, and Protection & Visibility. His early days in technology involved the development of location-based systems and the early development of a In 2003 Rune launched a mid-sized SEO and affiliate web design company, - - - - - - - - - Personal Life – Sovndahl currently resides in London's Bloomsbury. He remains passionate about travel, culinary arts and designing sustainable business models for technology that optimize marketing and usability across the full value chain of the consumer. Philanthropy – Rune is the co-founder of Stepnote, a charity music school in Denmark. The

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Investment focus

  • Industry: iOS, Apps, Mobile
  • Stage:Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Appzio — Create great native apps easy. Appzio is a platform for full stack developers to create native mobile applications. Build and maintain apps from the backend, no compiling, no client side coding.
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Nedelcho Spasov
Angel · 1 investments in Bulgaria Software startups

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

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Investment focus

  • Industry: Farming, FinTech, Payments
  • Stage:Seed
  • Geography: Bulgaria, United Kingdom

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$3.2M
  • Lead/follow: 0% lead, 100% 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.
  • 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.
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Georgi Atanasov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software startups

Georgi Atanasov

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Investment focus

  • Industry: SaaS, Software, Venture Capital
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • 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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Iliya Valchanov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software 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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Stanimir Vassilev
Angel · 1 investments in Bulgaria Software startups

Stanimir Vassilev is the Co-Founder of Management Financial Group. He attended INSEAD .

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Investment focus

  • Industry: Farming, FinTech, Payments
  • Stage:Seed
  • Geography: Bulgaria, United Kingdom

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$3.2M
  • Lead/follow: 0% lead, 100% 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.
  • 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.
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Peech Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Software startups

Peech Capital is a digital asset fund that specialises in decentralised finance and blockchain startups.

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Investment focus

  • Industry: Cryptocurrency, Gaming, FinTech
  • Stage:Seed, Corporate Round
  • Geography: Singapore, Spain, Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$5.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • Kudo Labs — Kudo is building an ecosystem of DeFi and web 3.0 products like Unomi and Bitquity for mainstream crypto adoption.
  • Primex Finance — Primex is the cross-chain prime brokerage liquidity protocol for cross-DEX margin trading with trader scoring mechanisms.In Primex, lenders provide liquidity to pools where traders can use it for leveraged trading in cross-DEX environments, while lenders then have an opportunity to earn high yields; their interest is generated from margin feesand profits on successful trades.Lenders have the flexibility to manage their risks and return by providing liquidity to a variety of risk buckets, subsets of liquidity pools that regulate trader risk strategies.
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Dejan Pejcic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Software startups

Dejan Pejcic

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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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Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Bulgaria Software 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: United States, Singapore, Switzerland

Investor stats

  • Total investments: 35
  • Round size: Seed $1.5M–$8.5M; Series A $9M–$15M
  • Lead/follow: 6% lead, 94% 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.
  • Centrifuge — Centrifuge is the platform for tokenized real-world assets, providing the infrastructure and ecosystem to tokenize, manage, and invest into RWAs.
  • Hybrid — Hybrid is a fintech company that offers a decentralized central AI tool with Web3's ecosystem of AI experts, agents, and data.
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Miodrag Stankovic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Software startups

Miodrag Stankovic

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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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Selahattin Zoralioğl
Angel · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Software startups

Selahattin Zoralioğl

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Investment focus

  • Industry: Computer, Software, Web Apps
  • Stage:Seed
  • Geography: Turkey, Bulgaria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • SORWE — Welcome to a seamless employee experience journey. We help you create an inclusive engagement and performance cycle on mobile.
  • SessionStack — With SessionStack's interactive co-browsing, pixel-perfect session replay, error notifications, troubleshooting insights, and reporting tools, you can empower your support team to create the best experience for your customers. Now you can understand exactly what the user did without them saying a word. SessionStack integrates with Zendesk,Freshdesk, Intercom, Olark, and other support platforms. Works on any web application framework. Across all major browsers. No client-side downloads.
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Emil Tabakov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software 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
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • 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 · 1 investments in Bulgaria Software 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:Pre-Seed, Debt Financing
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • 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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EIT Digital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Bulgaria Software 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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BMW i Ventures
VC Fund · Mountain View, California, United States · 1 investments in Bulgaria Software 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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3TS Capital Partners
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Bulgaria Software 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: 68
  • Round size: Seed $719k–$2.6M; Series A $768k–$12M
  • Lead/follow: 50% lead, 50% 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.
  • Smart Bill — Rezolva tot ce tine de facturare online, gestiune online si contabilitate online cu aplicatiile de business SmartBill.
  • Perfect Gym Solutions — PerfectGym | Fitness & Gym Management Software
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BlueOcean Ventures
VC Fund · Plan-les-ouates, Geneve, Switzerland · 1 investments in Bulgaria Software 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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Sofia Angels Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software 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: Artificial Intelligence, Information Technology, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Italy, Austria

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • inHEART — inHEART is a spin-off from IHU Liryc and Inria, two top-tier research centers respectively in cardiac electrophysiology and digital science and technology, that develops software solutions for medical image analysis and cardiac modeling in heart rhythm disorders. inHEART vision is to make the bridge between radiology and cardiology to become aworldwide leader in image-guided diagnosis, therapy planning and navigation software solutions for heart rhythm disorders.
  • Ethermind — AI Knowledge Agents that capture & deliver expert answers. Stop losing critical knowledge when experts leave. Transform expertise into 24/7 accessible AI agents.
  • denxpert EHS&S software — Sustainability reporting software that simplifies ESG & EHS compliance, boosts reporting, and drives impact, all in one expert-built platform.
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NAP
VC Fund · Berlin, Berlin, Germany · 1 investments in Bulgaria Software startups

Cavalry is an early-stage venture capital investor focused on European technology companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Ireland

Investor stats

  • Total investments: 95
  • Lead/follow: no public data

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • UniteLabs — UniteLabs provides the foundational operating system for AI-driven lab automation in life science. It accelerates scientific discovery by closing the loop with a unified data and automation infrastructure, seamless integration, and intelligent control. Our platform empowers ambitious biotech companies, big pharma, integrators, and hardware vendorsby offering bidirectional connectors for diverse lab equipment, a scalable cloud platform with an open API, and a powerful workflow engine with an integrated compute environment. This allows for the creation of sophisticated, modular workflows, and enables rapid automation development through our Lab-as-Code environment, featuring a dynamic Python SDK and application-specific libraries.
  • beSirius — beSirius transforms ESG chaos into clarity - connecting your data to spot trends, reveal revenue signals, and answer any stakeholder in minutes. Smarter decisions, faster deals, zero admin drain.
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NewTribe Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Bulgaria Software 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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Magnus Capital
VC Fund · 1 investments in Bulgaria Software startups

Magnus Capital is a crypto investment firm.

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Investment focus

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

Investor stats

  • Total investments: 58
  • Round size: Seed $1.5M–$7.5M; Initial Coin Offering $2.2M–$9.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • GenLayer — GenLayer is a platform that focuses on intelligent contracts.
  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • YeagerAI — YeagerAI is a pioneering AI research lab focused on developing technology that promotes sovereignty, transparency, and decentralization.
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IOI Capital
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Software 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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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Software startups, 8 in the past 12 months

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

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Investment focus

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

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Rebar Labs — Rebar Labs is a company that offers research services and infrastructure for bitcoin. The company wants to help users in the Bitcoin ecosystem create more effective and better experiences by addressing issues related to maximum extractable value and offering services that guarantee equitable value distribution.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Tren Finance — Tren Finance: a secure DeFi liquidity protocol offering seamless asset swaps, yield opportunities, and cross-chain compatibility through automated smart contracts, redefining liquidity for users and institutions.
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Sevdalina Vassileva
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Software 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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Software Investor funding in Bulgaria at a glance

Stats across 78 deals from 45 investors.

45
investors
in Bulgaria Software startups
78
deals
in Bulgaria Software startups
$110k
median round
in Bulgaria Software startups
44%
lead investors
lead at least one round
46%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 45 investors in Bulgaria Software startups.

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