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Top 50 VC (Venture Capital) Funds in Bulgaria in July 2025

Last updated: Jul 2025 A list of 50 VC (Venture Capital) funds that invest in startups based in Bulgaria. We rank investors based on the number of investments they made in companies from Bulgaria. We update this investor list every month.

Top 50 VC (Venture Capital) Funds in Bulgaria in July 2025

Investor	Bulgaria investments
Eleven Ventures	77
LAUNCHub Ventures	36
Vitosha Venture Partners	17
Impetus Capital	14
New Vision 3	11
SeedBlink	5
Speedinvest	5
BrightCap Ventures	4
Neo Gravity	4
Morningside Hill Capital Management	4
Black Peak Capital	3
PostScriptum Ventures	3
North Base Media	3
Openfund	2
South Central Ventures	2
Skynet Trading	2
Silverline Capital	2
Bulgarian Development Bank	2
NEVEQ	2
European Investment Bank	2
Accession Capital Partners	2
Freigeist Capital	2
Neo Ventures	2
Imprimatur Capital Fund Management	2
Blackpeak Capital	1
3TS Capital Partners	1
Lucid Blue Ventures	1
RR² CAPITAL	1
HR Capital	1
International Aviation Services	1
SquareOne	1
EIT Digital	1
Calm/Storm Ventures	1
Ascensive Assets	1
TechOne VC	1
ZBS CAPITAL	1
Varys Capital	1
MH Ventures	1
Peech Capital	1
European Bank for Reconstruction and Development	1
AU21 Capital	1
BHS Services S.A.	1
a16z crypto	1
Force Over Mass Capital	1
Pleiade Venture	1
Marshland Group	1
HardGamma Ventures	1
SFC Capital	1
Cherry Ventures	1
MetaCartel Ventures	1

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Investor list

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

Investment focus

Software, SaaS, Information Technology
Seed, Convertible Note, Pre-Seed
Bulgaria, United States, United Kingdom

Portfolio highlights

LAM'ON — LAM'ON OOD was created with the intention of creating a product that would be recyclable or compostable, improve environmental and human health safety, and readily replace the existing petroleum-based plastic solutions.
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.
Outfindo — Making bikes & e-bikes buying easy

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

Investment focus

Software, SaaS, Enterprise Software
Seed, Series A, Pre-Seed
Bulgaria, United Kingdom, United States

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.
SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
UVIONIX — Uvionix deploys Autonomous Flying Robots (AFRs) to monitor and report live data, ensuring a comprehensive view of operations, workflow efficiency, and near 100% inventory level accuracy. The system creates live digital twins of warehouse spaces, meticulously tracking each material movement. Delivering precise, unbiased data, and being immune to human error, the platform drastically enhances material planning, reduces stock losses, and lowers labor costs.

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

Investment focus

Software, Marketplace, Information Technology
Pre-Seed, Seed, Funding Round
Bulgaria, United States, United Kingdom

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

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.

Investment focus

Software, Information Technology, Analytics
Seed, Funding Round, Pre-Seed
Bulgaria, United States, India

Portfolio highlights

Delivers.AI — Delivery droid operator
Tiger Technology — Tiger Technology gives you the tools that help you optimize your storage infrastructure. Your data management strategy has never mattered more.
Crackle Technologies — Crackle Technologies is a vibrant digital publisher ecosystem which is essential for a healthy and useful internet.

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

Investment focus

Consulting, Service Industry, Agriculture
Seed, Pre-Seed, Funding Round
Bulgaria, Italy, Croatia

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.

All-in-one solution for fundraising, managing and trading equity. Explore promising tech startups and flexible funding opportunities with SeedBlink.

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Series A
Romania, United States, United Kingdom

Portfolio highlights

Pago — Managing and paying utility bills, insurance, mobile top-ups and taxes takes too much time for many households in Europe. Pago simplifies these payments by adding automation where possible, using integrations with billers, insurers and online platforms to dramatically reduce the time needed for all these payments. The service is available in theB2C app called Pago and through B2B integrations by embedding Pago features in partner apps through SDK or API. Pago's services are used by over 500k monthly active users in Romania, Poland and Italy.
Bright Spaces — Reshaping the leasing experience for tenants, agents, and landlords using cutting-edge technologies. We deliver a unique showcasing experience 100% remotely.
Footprints AI — Footprints is one of the most advanced AI-driven Retail Media platforms in the world, helping physical retailers generate a new high profit margin revenue in 3 months or less.Retail Media will be a $100 billion market by 2025. This means that 1 in 4 dollars in digital ad spend will be on media platforms that leverage intent-based customerbehavior data.Footprints is part of the global Microsoft Pegasus program, a cohort of 12 high-impact AI startups worldwide with the most viable solutions to transform the physical retail model into an AI-driven business model.Footprints' unique technology enables physical retailers to turn anonymous traffic into profitable, predictable audiences by leveraging our proprietary offline-to-online behavioral data fusion, artificial intelligence and algorithmic automation.Since 2017, Footprints has pioneered AI technologies that enable physical retailers to: - Enable an automated omnichannel retail media service - Become the brand of choice in local communities - Expand more profitably into new local communitiesFootprints is currently working with Tier 1 retailers and retail properties to transform their offline and online visitors into retail media.Every day, Footprints orchestrates and processes billions of visits, searches, and purchases from offline and online retail environments for YOU, to meet your customers' needs better than ever before. The result? A seamless shopping experience, more customers, more sales, and a new high profit margin revenue.Retail Media is the #1 priority for retailers everywhere, who can now offer personalized and curated content to their customers around the world.

Speedinvest is one of Europe’s most active early-stage investors, with more than €1bn AUM, 40 investors, and offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Your success is our priority, so we don’t just send some money and "check in" at board meetings. Our mission is to empower you with game-changing support throughevery stage of your journey. Our focused investment teams know your industry inside and out. Their Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions experience, know-how and deep networks are yours from day one. You also have full access to our in-house Platform+ team of operational experts who can provide tailored growth marketing, people (HR), US business development, and networking support throughout every stage of your journey.

Investment focus

Software, FinTech, Financial Services
Seed, Series A, Pre-Seed
United Kingdom, Germany, Austria

Portfolio highlights

Mercanis — Source services smarter and drive automation along your source-to-settle process. Discover how Mercanis enables you to collaborate with best-in-class suppliers across your departments.
ORUS — ORUS specializes in high-resolution hyperspectral spatial data and associated analytical services.
Tibo Energy — To make sure you operate within the limits of your contract we control your network. We avoid congestion in your energy network.

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

Investment focus

Software, Analytics, Information Technology
Seed, Pre-Seed, Funding Round
Bulgaria, United States, United Kingdom

Portfolio highlights

Apricity — APRICITY is the world's first virtual fertility clinic. It aims at disrupting the fertility treatment experience and at improving chances for women and couples who have difficulties to conceive using data and Artificial Intelligence. The project is led by prominent entrepreneurs, medical practitioners, committed executives and data scientistswith a proven track record.
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.
LucidLink — LucidLink empowers fast and secure collaboration for creative teams working with any file size, across any distance.

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.

Investment focus

Pet, Craft Beer, Veterinary
Seed, Pre-Seed, Funding Round
Bulgaria

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.

Private investment partnership

Investment focus

Software, AgTech, Farming
Seed
Bulgaria, China

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.

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.

Investment focus

Manufacturing, Software, Leisure
Private Equity, Seed, Series B
Bulgaria, France, Slovenia

Portfolio highlights

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.
Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.
ASTRAL Holidays — ASTRAL Holidays is currently the Bulgarian tour operator. The company is the exclusive partner of Thomas Cook for the Bulgarian market since 2013, a partnership which services close to 200,000 incoming tourist annually. Astral is also an exclusive partner for BCD travel, the second largest player globally in the travel industry, covering 110countries and employing more than 11,000 professionals.

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.

Investment focus

Software, B2B, Manufacturing
Private Equity, Angel, Series A
Bulgaria, United States

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 Energy provides building energy services for owners and tenants to reduce the energy costs.
Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.

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.

Investment focus

Digital Media, Advertising, Publishing
Seed, Series A, Series B
United States, India, United Kingdom

Portfolio highlights

Spectrm — Streamline your marketing funnel with Spectrm conversational marketing. The leading end-to-end chatbot platform for growth teams and enterprise.
Vietcetera Media — Vietcetera Media - Understanding Vietnam
Kaleidoscope — Kaleidoscope Content, bringing vivid stories from around the globe. Listen in color!

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.

Investment focus

Software, Travel, E-Commerce
Seed, Series A, Pre-Seed
Greece, United Kingdom, United States

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.

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

Investment focus

Software, SaaS, Artificial Intelligence
Seed, Series A, Pre-Seed
United States, Serbia, United Kingdom

Portfolio highlights

SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
All eyes on screens — AdScanner made its mission to empower data-driven TV advertising to increase effectiveness, transparency, speed, reduce manual, complicated, delayed reports and also to make TV more interconnected and comparable with digital channels. Our approach is to combine proprietary technologies and data.
LUPA Technology — Lupa is a cloud-based SaaS built for the Construction industry. Utilizing the power of AI and expert knowledge, Lupa turns large quantities of unstructured data into meaningful information. Based in New York and Belgrade, Lupa services Clients around the World working on large construction projects that require safe and secure real-time processingor forensic analysis of their data set. Lupa is the pioneer in construction data analytics and AI, paving the way for integration of cutting-edge tech in the industry.

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.

Investment focus

Blockchain, Financial Services, Cryptocurrency
Seed, Funding Round, Series A
United States, Singapore, Switzerland

Portfolio highlights

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.
Inference Labs — AI hyperscale on decentralized networks - We provide certainty for on-chain AI

Silverline Capital provides mezzanine and equity financing solutions to mid-market businesses in Bulgaria.

Investment focus

Retail, Security, E-Commerce
Series A, Funding Round
Bulgaria, United States

Portfolio highlights

Badu — Badu LTD is a fast growing online ecommerce marketplace that operates in Eastern Europe. Badu works with suppliers from around the world to provide fast, reliable and high-quality service for its customers. We deliver a hassle-free shopping experience with the highly preferable option of payment on delivery for intercontinental purchases, whichprovides us with a niche market for customers, seeking security when shopping from abroad.
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.
Codery — Codery functions as an Employer of Record (EOR), acting as the official employer for hired professionals. The firm handles the administrative and legal parts of employment, such as registration, payroll, and compliance with local labor laws, allowing enterprises to hire without having to establish regional offices or legal entities.

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.

Investment focus

Finance, Software, Health Care
Pre-Seed, Debt Financing
Bulgaria

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

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.

Investment focus

SaaS, Mobile, Analytics
Seed, Series A
Bulgaria, Argentina

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

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

Investment focus

Biotechnology, Health Care, Energy
Debt Financing, Post-IPO Debt, Funding Round
France, Germany, The Netherlands

Portfolio highlights

Solynta — Welcome to the homepage of Solynta, leader in hybrid potato breeding and development of hybrid true potato seeds with attractive traits.
Evaxion Biotech — Evaxion Biotech A/S is a clinical-stage AI-immunology™ platform company decoding the human immune system to discover and develop novel immunotherapies to treat cancer and infectious diseases. Based on its proprietary and scalable AI-immunology core technology, Evaxion is developing a broad pipeline of novel product candidates which currentlyincludes three patient-specific cancer immunotherapies, two of which are in Phase I/IIa clinical development. In addition, Evaxion is advancing a portfolio of vaccines to prevent bacterial and viral infections with one program currently in preclinical development against S. aureus (including Methicillin-resistant S. aureus) induced skin and soft tissue infections.
Electrica — Electrica is a holding company involved in projects connected to the provision of power to final consumers as well as the development and operation of electrical distribution networks. It primarily serves as the principal electricity supplier in and throughout the town as well as an electricity distribution operator. The following segments make upthe company's business: electricity and gas supply, which is involved in acquiring and providing electricity and gas to end users, electricity generation, which produces electricity, electricity distribution, which offers services related to electricity distribution, external electricity network services, which provides maintenance, repairs, and other services for electricity networks owned by other distributors, and electricity distribution.

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

Investment focus

Manufacturing, Telecommunications, Health Care
Funding Round, Debt Financing, Private Equity
Poland, Bulgaria, Hungary

Portfolio highlights

5 to go — Let's find out the story of 5 to go - a business born and raised with pride in Romania
Vetti Group — Vetti Group is a veterinary service group create the conditions for better and more complete care for pets.
eFaktor — eFaktor service is aimed at enterprises that wish to grow dynamically, reinvest funds, boost financial liquidity, and protect themselves from the risk of contractor insolvency.

Freigeist Capital is the investment company of Frank Thelen, Marc Sieberger and Alex Koch. We invest in deep tech startups and excellent founders.

Investment focus

Software, Food and Beverage, SaaS
Seed, Series A, Funding Round
Germany, The Netherlands, Bulgaria

Portfolio highlights

Akina — Akina is developing the future of gamified digital healthcare to benefit individuals with chronic diseases around the world.
Collie — Discover how Collie helps farmers achieve higher grass yields, increased milk production, and reduced labor. Manage your pastures easily with our innovative app.
United Manufacturing Hub — The United Manufacturing Hub is an Open-Source Industrial IoT Infrastructure Platform enabling to easily connect, configure, manage, and maintain their factory.

Neo Ventures is the first open-ended early stage investor, based in Eastern Europe. The founders have backed more than 30 startups and exited 10 successfully. We invest in game-changing businesses, without geographic limitations. We partner with exceptional founder teams to challenge incumbents in markets ripe for change or to create entirely newmarkets. Neo Ventures funds and then supports the founders in business planning, scaling operations, follow-on investments, making the best of each opportunity and dealing with hard situations. Our investment focus is on data analytics, computer vision and remote sensing addressing disruptive opportunities across the high-growth SpaceTech, BioTech and Security verticals.

Investment focus

Software, Artificial Intelligence, Aerospace
Seed, Funding Round, Series A
Israel, United Kingdom, Estonia

Portfolio highlights

EnduroSat — At EnduroSat, we engineer, build and operate exceptional satellites. Our Mission is to make space universally accessible
Cyberwrite — TRUSTED BY INDUSTRY LEADERS One platform to accelerate value across the cyber insurance lifecycle THE LATEST FROM CYBERWRITE
GemmaCert — The easy-to-use GC-PRO by GemmaCert for quick and accurate potency analysis of cannabis and hemp, including for THC, CBD, and CBG.

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.

Investment focus

Software, Information Technology, Apps
Seed, Debt Financing, Funding Round
Latvia, United States, United Kingdom

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.

Blackpeak Capital is a leading corporate advisory firm specializing in M&A, capital raising, and technology investment banking #

Investment focus

Electronics, Manufacturing
Private Equity
Bulgaria

Portfolio highlights

Security Smart Systems — Security Smart Systems operates as an electronics manufacturing service company.

3TS Capital Partners is a European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including technology & internet, media & communications and technology-enabled services. Investors in the current and past 3TS fundstotaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.Its team of highly qualified experts become active business partners of the portfolio companies and deliver substantial value added beyond financing. When analyzing new investment opportunities and supporting portfolio companies, the company often augment its core team by its sector partners, various co-investors and other industry experts. 3TS is also an active member of several international industry associations and other organizations like EVCA – European Private Equity & Venture Capital Association, the International Venture Club and the Draper Venture Network.

Investment focus

Software, Internet, SaaS
Funding Round, Series A, Seed
United States, Romania, Poland

Portfolio highlights

Boksi — Influencer marketing campaigns. Custom brand photos and videos with full usage rights. Over 10,000 amazing creators. All on one easy-to-use platform.
JENTIS — Mit JENTIS erheben Sie Ihre First Party Daten und leiten sie serverseitig DSGVO-konform an Ihre Marketing-Tools weiter. Jetzt Demo buchen.
Spectrm — Streamline your marketing funnel with Spectrm conversational marketing. The leading end-to-end chatbot platform for growth teams and enterprise.

Lucid Blue Ventures operates as a venture capital firm.

Investment focus

Blockchain, Gaming, Cryptocurrency
Seed, Funding Round, Angel
Singapore, United States, Spain

Portfolio highlights

Relayz — Relayz is a Web3 communication that is extremely secure, protects privacy, is censorship-resistant, and is decentralized. Relayz utilizes cutting-edge technologies for better scalability.
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.

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

Investment focus

Blockchain, FinTech, Bitcoin
Seed, Funding Round
Bulgaria, Seychelles, Switzerland

Portfolio highlights

Aleph Zero — Discover Aleph Zero, a non-profit organization dedicated to advancing the adoption and development of decentralized technologies. Learn about our mission to create a secure blockchain ecosystem and develop secure smart contracts that power the decentralized world.
STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
Dolomite.io — Dolomite.io is a simple & secure decentralized crypto exchange.

A privately held investment vehicle

Investment focus

Internet, Marketing, E-Commerce
Seed
Bulgaria

Portfolio highlights

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.

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

Investment focus

Banking, FinTech, Software
Convertible Note
Bulgaria

Portfolio highlights

Software Group — Software Group is a global technology company that helps financial service providers digitize their business, extend outreach and improve efficiency.

We invest in B2B tech entrepreneurs who are obsessed with solving complex problems in huge markets at pre-seed and seed stage

Investment focus

Software, SaaS, E-Commerce
Seed, Series A, Funding Round
Germany, United States, Poland

Portfolio highlights

Hero — Hero is a B2B payments and financing platform, offer direct online payment experience and receive your money immediately.
Otterspace — Otterspace takes care of DAOs.
Flinn — We are driven to impact the health of millions of people around the globe by enabling medical companies to launch and operate products more efficiently. To make this vision come true, we established a customer-centric, experimentation-driven product development approach.

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

Investment focus

Information Technology, Software, Internet
Pre-Seed, Grant, Seed
Italy, Spain, Poland

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.

Calm/Storm is an exclusive founder network and venture capital firm. We invest in purpose driven founders changing our life & health for the better. Headquartered in Vienna, Austria we invest in early-stage companies all over Europe and the US. We focus on the pre-seed and seed stages but also invest up to Series A.

Investment focus

Health Care, Wellness, Software
Seed, Pre-Seed, Series A
Germany, United Kingdom, Austria

Portfolio highlights

Propcorn — At PROPCORN, our goal is to harness the power of AI to automatically unlock the full real estate building potential of our customers, enabling them to make faster and more accurate decisions in real-time.
Linq — The safest way to send intimate content
Univa Health — Univa's objective is to provide evidence-based clinical tools that address the detrimental impact of eating disorder diseases on both the individual and their families.

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

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Funding Round, Pre-Seed
United States, Singapore, Brazil

Portfolio highlights

zkLink — zkLink is a unified middleware layer connecting L1 chains and L2 networks with zk-SNARKs technology, reshaping the crypto landscape for DeFi, NFT, and RWA trading.
Optix — Optix is a multi-chain option protocol service provider.
Rysk Finance — Decentralized options protocol to trade volatility and directionality with leverage, build 1-click strategies & earn uncorrelated returns.

TechOne VC is a venture capital firm. It invests in innovative tech startups founded by visionary entrepreneurs solving global problems, to deliver superior returns for our investors.

Investment focus

Software, SaaS, Artificial Intelligence
Seed, Funding Round, Pre-Seed
Turkey, United States, Estonia

Portfolio highlights

Ekmob — Ekmob creates mobile projects for companies which have mobile field teams and operations.Companies with mobile teams and field operations have some common problems such as inefficiency in management of mobile teams, communication difficulties, inability to get instant data from field, offline mobile team on the field. All these problems lead tolack or deficiency in decision-support systems.
Getmobil — Getmobill offers services in refurbished devices and their sale and resale.
Carbon Centrum — Measure, Act & Get Rewarded!

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

Investment focus

Blockchain, Cryptocurrency, Financial Services
Seed, Funding Round, Initial Coin Offering
United States, Singapore, India

Portfolio highlights

Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.

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.

Investment focus

Blockchain, Software, FinTech
Seed, Pre-Seed, Initial Coin Offering
Spain, Panama, Bulgaria

Portfolio highlights

tread.fi — Explore tread.fi's institutional-grade trading platform designed to seamlessly integrate into your workflow, automate trade execution, and minimize slippage. Learn more.
Ledger Works — Blockchain consumers face significant and increasing cyber-crime. And Web3 security efforts focus on DeFi providers, not retail users. A crypto account holder should be able to receive the same fraud alerts and protection they have come to expect from their bank or credit card accounts. Our service provides account notification and cyber-crimeprotection to Crypto account holders.
Blueberry Protocol — Blueberry is an interface for interacting with the rest of DeFi with the ability to leverage and hedge by borrowing from an internal lending market.

MH Ventures is a world class community-backed Venture Capital investing in top blockchain projects of the future

Investment focus

Blockchain, Cryptocurrency, Software
Seed, Funding Round, Pre-Seed
United States, Singapore, United Arab Emirates

Portfolio highlights

HeyElsa — Harness the power of AI in Crypto with Elsa, your crypto co-pilot. Uncover opportunities, trade smarter, and maximize returns, all with unparalleled ease and safety.
PublicAI — PublicAI is a Web3 distributed AI training network that helps people to earn rewards by contributing data work.
Cold River Games — Cold River Games is a Swedish game studio currently developing the ARPG Crystalfall.

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

Investment focus

Cryptocurrency, Gaming, FinTech
Seed, Funding Round, Corporate Round
Singapore, Spain, Estonia

Portfolio highlights

solice — The first cross platform VR metaverse on the Solana blockchain
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.

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

Investment focus

Financial Services, Banking, Finance
Debt Financing, Series A, Series B
Turkey, United States, Russian Federation

Portfolio highlights

Voltalia — The Investor Relations website contains information about Voltalia's business for stockholders, potential investors, and financial analysts.
Masdar Capital — Masdar Capital is developing & deploying commercial-scale renewable energy projects.
TBC Bank Uzbekistan — The first next-generation greenfield digital bank in Uzbekistan, established by TBC Group - FTSE 250 constituent financial services group

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

Investment focus

Blockchain, Cryptocurrency, Financial Services
Seed, Funding Round, Initial Coin Offering
United States, Singapore, United Kingdom

Portfolio highlights

Nillion — The Secure Processing Layer of Web3
The Unfettered — The Unfettered is a blockchain PC game.
Cryption Network — Cryption Network is crypto company. Its can swap, farm, Invest and predict with cryption's unique and user-friendly DeFi 2.0 products. Bringing mass adoption to DeFi. PolyDEX is cryption's flagship product, which is completely gasless, instant, cross-chain AMM DEX with yield farming.

MAQIT is a RegTech firm: we assist you on AML/KYC compliance, CSSF Luxembourg regulations, and European sustainability projects. Learn more about us!

Investment focus

Farming, Livestock, Agriculture
Seed
Bulgaria

Portfolio highlights

Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.

A16z crypto is a $300M venture fund that will invest in crypto companies and protocols. The company's fund is designed to include features of traditional venture capital, updated to the modern crypto world.

Investment focus

Blockchain, Cryptocurrency, Information Technology
Seed, Pre-Seed, Series A
United States, United Kingdom, Canada

Portfolio highlights

XMTP — XMTP is an open, crypto-native communication protocol that connects communities, applications, and users. It was founded in 2021 and is based in Austin, Texas.
PrismaX — PrismaX is a robotics intelligence platform that offers decentralized data collection and model training.
EigenLabs — Eigen Labs is an engineering and research organization that contributes to protocols like EigenLayer and EigenDA

Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. We invest in B2B innovation across four verticals, i.e. Fintech, Artificial Intelligence, SaaS and Industry 4.0.FOM cap operates both seed and scale-up funds to support early stage businesses through their growthjourney.

Investment focus

Software, Information Technology, FinTech
Seed, Series A, Funding Round
United Kingdom, United States, Germany

Portfolio highlights

Apaleo — Transform your hospitality business with an open platform. Easily connect 3rd party applications to build a best-in-class tech stack for your hotel
Converge — Converge is building the next generation of wireless sensor networks for the industrial internet of things by augmenting existing sensors to help large industries replace manual monitoring with automated, continuous data collection and analytics.
Adclear — Instant approvals for financial promotions. Real-time marketing. Zero bottlenecks. Transform manual compliance into automated confidence. Scale your marketing operations while reducing risk. Adclear empowers your team to move fast and stay compliant.

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

Investment focus

Software, E-Commerce, Artificial Intelligence
Seed, Series A, Funding Round
France, Belgium, United Kingdom

Portfolio highlights

RIVRS — RIVRS creates high quality UGC games on all trending sandbox platforms.
Sensefuel — Sensefuel is a software publisher dedicated to the retail industry and in particular e-commerce. Its innovative e-commerce search engine is based on algorithms specifically designed for online sales. It helps e-merchants of all sizes to give their visitors a new search experience through personalized results.
Climbing District — Climbing District is a social club and coworking space between batignolles, canal saint-martin, buttes-chaumont, and saint-lazare where beginners or experienced climbers practise climbing in bouldering rooms.

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

Investment focus

Cryptocurrency, Blockchain, Information Technology
Seed, Pre-Seed, Funding Round
United Kingdom, United Arab Emirates, Bulgaria

Portfolio highlights

TREX20 — TREX20 is a Bitcoin game ecological project that enhances gaming by utilizing NFT Insoriptions built on the Bitcoin protocol.
XRADERS — Powering informed decision making for investors
QuantAMM — QuantAMM is the new protocol creating Blockchain Traded Funds (BTFs) for the future of blockchain passive products.

HardGamma Ventures is a venture capital fund that invests in startups that focuses on computing, internet, biotechnology, and more. Early stage VC fund focused on Polish and CEE startups.The Fund invests in projects such as seed and startups in the area of computing, Internet, mobile technologies, the biotechnology sector and physicochemicaltechnologies. HardGamma Ventures invests in strong teams developing projects with global potential - providing funding and support for business planning, marketing, product positioning and other business functions.The HardGamma team is constantly in contact and cooperation with leading competitions and incubator programs in Europe and USA - Seedcamp (UK), The Difference Engine (UK), Springboard (UK), Startup Bootcamp (Denmark), TechStars (United States), and the pan-European incubator program HackFwd (Germany), where the team is responsible for the assessment and certification program for start-ups, and the International Incubator of the University of Maryland (United States).The team of HardGamma is also building a network affiliation with other VC funds in the region to broaden the range of exploration and investment opportunities and to increase international support and business opportunities for the portfolio of projects.

Investment focus

Software, E-Commerce, Enterprise Software
Seed, Funding Round, Convertible Note
United Kingdom, Poland, United States

Portfolio highlights

Silverback.ai — The ultimate business intelligence platform for e-commerce marketplaces
Proxigroup — Solving the lack of visibility and transparency in asset management.
Carv — Carv 2 clips onto any ski boot, analyzes your technique, and coaches you with live audio as you ski.

SFC Capital, the UK's most active seed investor (PitchBook, 2020), provides capital and support to British startups. By combining its Angel Network and Seed Funds, SFC has created a unique model that allows investors to get exposure to SEIS- and EIS-qualifying businesses, either directly or through a diversified portfolio curated and managedby SFC’s expert team. In 2020, SFC received a £10m allocation from Business Investments as part of the Regional Angels Programme in support of SFC's mission to back promising early-stage companies from every corner of the UK.SFC Capital is an Appointed Representative of SFC Capital Partners Ltd which is authorised and regulated by the UK Financial Conduct Authority (FRN 736184).

Investment focus

Software, Information Technology, Artificial Intelligence
Pre-Seed, Seed, Funding Round
United Kingdom, United States, Canada

Portfolio highlights

Furbnow — Furbnow - Your companion for home improvements for the future
Winefi — Invest in collections of fine wine and spirits at low cost. Expertly-curated, diversified and managed for you from sourcing to sale. Only with Winefi.
Magic ID — Magic empowers businesses and individuals with a privacy-first digital identity ecosystem that boosts engagement, drives new revenue, and fortifies sensitive data control.

Cherry Ventures is an early-stage venture capital firm led by a team of entrepreneurs with experience building fast-scaling companies such as Zalando and Spotify. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from their go-to-market strategy and the scaling of theirbusinesses. Cherry Ventures has previously invested in the seed stage of over 50 companies across Europe, including FlixBus, Auto1 Group, Infarm, Rows, Forto, and TourRadar. Cherry Ventures is based in Berlin and invests across Europe with operations in London, Paris, and Stockholm.

Investment focus

Software, Information Technology, Financial Services
Seed, Series A, Series B
Germany, United Kingdom, United States

Portfolio highlights

Cortea — Cortea leverages artificial intelligence to revolutionize the auditing process by enhancing speed, accuracy, and transparency. Cortea transforms audits from traditional, labor-intensive processes into faster, more reliable, and more transparent operations.
Maze — Maze is a new type of security platform - built from scratch to use modern AI to make decisions, instead of pre-defined logic.
Voliro — The multi-purpose robotic flight platform redefining work at height. NDT Solutions for elevated insights about your critical infrastructure.

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.

Investment focus

Blockchain, Cryptocurrency, Software
Seed, Pre-Seed, Series A
United States, United Kingdom, Singapore

Portfolio highlights

zkLend — zkLend is an L2 money-market protocol built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.
Envio — Envio is a dev-friendly, speed-optimized, modern blockchain indexing solution that addresses the limitations of traditional blockchain indexing approaches and gives developers peace of mind. By harnessing the power of Envio, developers can overcome the challenges posed by latency, reliability, and costs across various sources. Envio serves as thefront door for any application’s need to access, transform, and save real-time or historical data, from any EVM smart contract.If you're a blockchain developer looking to enhance your development process and unlock the true potential of Web3 infrastructure, look no further. Join our growing community of elite developers, check out our docs, and let's work together to revolutionize the blockchain world and propel your project to the next level. Follow Envio on Twitter and/or Lenster for updates on new features, or jump into our Discord for any questions.
Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING

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