Top 5 Startup Investors in Bulgaria in September 2025
A list of 5 angel investors and VC (Venture Capital) funds that invest in Venture capital startups based in Bulgaria. We rank investors based on the number of investments they made in Venture capital companies from Bulgaria. We update this investor list every month.Top 5 Startup Investors in Bulgaria in September 2025
Investor | Venture Capital Bulgaria investments |
---|---|
Svetozar Georgiev | 2 |
Zoran Arsovski | 2 |
Georgi Petrov | 1 |
Mihail Stoychev | 1 |
Georgi Atanasov | 1 |
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.
Show more
Investment focus
- Software, SaaS, FinTech
- Seed, Pre-Seed, Angel
- United Kingdom, Bulgaria, Greece
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 the first startup platform that works like an AI co-founder helping you go from raw idea to real traction
Zoran and his team focus on Digital Marketing Consulting for B2B growth-stage companies supported by the leading technology VC funds.
Show more
Investment focus
- Software, Information Technology, FinTech
- Seed, Angel, Pre-Seed
- Bulgaria, Turkey, United States
Portfolio highlights
- Magfi — A search engine that analyzes communities into WhatsApp, Telegram, and Discord with AI, ML, and NLP and places ads with micro-targeting.
- Visibilio — At Visibilio, we are at the forefront of a seismic shift in how companies connect with their clients. Our mission is simple: to empower companies, organizations, and individuals to seamlessly create, repurpose, and distribute meaningful content—turning their audiences into loyal clients. We believe that building your own audience shouldn’t be hardor expensive, and is much more efficient compared to buying it from platforms like Google/Facebook.Who We AreVisibilio was founded by a team of experienced professionals: Alexei Lazarov, former editor-in-chief of Bulgaria’s leading business media Capital; Zoran Arsovski, a marketing professional, entrepreneur, and investor; and Stoyan Kondev, a skilled software developer and BPM consultant. Together, they bring a unique blend of editorial expertise, business acumen, and technological innovation to drive transformative change.What We Do (And Why)Visibilio builds an AI-powered agentic workforce that transforms the way content is created and distributed. With our swarms and constelations of AI agents, telling interesting stories and building loyal audiences is no longer time-consuming or costly. We believe that the way people consume information and how businesses connect with clients is undergoing a profound transformation. In the coming years, it will be essential for companies to think like publishers—creating consistent, meaningful content, building their own audiences, and converting them into loyal customers.At Visibilio, we are developing the tools to make this shift seamless, helping businesses save time, effort, and resources while staying ahead in an evolving digital landscape.
- Native Teams — With the Native Teams platform, you can easily hire anyone, anywhere as an employer or get an employed status if you're working as a freelancer. Explore our international EOR and PEO services and start working remotely with full compliance.
Georgi Petrov is a Chief Executive Officer and Founder at SMSBump.
Show more
Investment focus
- SaaS, Apps, Shipping
- Seed, Angel, Pre-Seed
- Bulgaria
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 the first startup platform that works like an AI co-founder helping you go from raw idea to real traction
Mihail Stoychev - Founder and CEO @ SMSBump
Show more
Investment focus
- SaaS, Apps, Shipping
- Seed, Angel, Pre-Seed
- Bulgaria
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 the first startup platform that works like an AI co-founder helping you go from raw idea to real traction
Georgi Atanasov
Show more
Investment focus
- SaaS, Software, Venture Capital
- Angel
- Bulgaria
Portfolio highlights
- Icanpreneur — Icanpreneur is the first startup platform that works like an AI co-founder helping you go from raw idea to real traction
Investors by industry
Google
Marketplace
Hardware
Energy
Proptech
Health Care
Biotech
Artificial intelligence
Climate
Consumer
Community
Impact
Gaming
FinTech
EdTech
Sustainability
Venture Capital
Big Data
Web3
B2B
Financial Services
Finance
Infrastructure
Education
Photography
Payments
Food and Beverage
Video Games
Organic Food
Retail
Beauty
Publishing
Clean Energy
Real Estate
Manufacturing
Art
Music
Android
Internet
Enterprise Software
eSports
Franchise
Sports
Construction
Digital Media
Email
Medical
Social Network
Wellness
Social Media
Mobile
Legal
Local
Recruiting
Cannabis
Platforms
Fitness
Travel
Mobile Advertising
Biotechnology
Hospitality
Social
Automotive
Crowdfunding
Wine And Spirits
Medical Device
CleanTech
Transportation
Mobile Apps
InsurTech
Enterprise
LGBT
Fashion
Oil and Gas
Life Science
Theatre
Film
Non Profit
Renewable Energy
SaaS
Sporting Goods
Restaurants
Social Impact
Software
Celebrity
Cryptocurrency
Machine Learning
Agriculture (agtech)
Media (entertainment)
Facebook
Blockchain
Investors by country
United Kingdom
Canada
South Korea
Ireland
United States
New Zealand
India
Germany
Australia
Armenia
South Africa
Spain
Japan
Africa
China
Sri Lanka
Bulgaria
Singapore
Belize
Bahrain
Croatia
Georgia
Belarus
Hungary
France
Ghana
Ethiopia
Gibraltar
Chile
Egypt
Finland
Costa Rica
Greece
Barbados
Belgium
Estonia
Bermuda
Czech Republic
Qatar
Denmark
Algeria
Hong Kong
Ecuador
Faroe Islands
Liechtenstein
Liberia
Lebanon
Mauritius
Peru
Norway
Israel
Malaysia
Mexico
Nicaragua
Jersey
Panama
Asia
Morocco
Mali
Lithuania
Italy
Philippines
Kuwait
Malta
Myanmar
Sierra Leone
El Salvador
Uganda
Venezuela
Sweden
Slovenia
Poland
Uruguay
Ukraine
Tajikistan
Puerto Rico
Portugal
Tunisia
Taiwan
Tanzania
Turkey
San Marino
Senegal
Togo
Uzbekistan
Serbia
Russian Federation
Zambia
Rwanda
Zimbabwe
Thailand
Dominican Republic
Azerbaijan
Iceland
Nigeria
Bahamas
Namibia
Iraq
United Arab Emirates
Jamaica
Honduras
Isle of Man
Bolivia
Luxembourg
Indonesia
Pakistan
Albania
Vietnam
Grenada
Jordan
Romania
Bangladesh
Argentina
Oceania
LATAM
Middle East
Europe
Saudi Arabia
Brazil
Kazakhstan
Kenya
Cayman Islands
Cambodia
Austria
Oman
Latvia
Cyprus
Switzerland
Colombia
Cameroon
Guatemala
Seychelles
Marshall Islands
Investors in Bulgaria by industry
Education
Payments
Food and Beverage
Mobile Apps
Internet
Digital Media
Financial Services
Mobile
Blockchain
Software
Sports
eSports
Manufacturing
FinTech
Platforms
Enterprise
Consumer
Health Care
Medical
EdTech
Climate
Energy
Sustainability
SaaS
Marketplace
Hardware
Gaming
Transportation
Web3
Publishing
Cryptocurrency
InsurTech
Venture Capital
Impact
Enterprise Software
Media (entertainment)
Agriculture (agtech)
Medical Device
Artificial intelligence
Retail