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Top 40 Web3 Startup Investors in Bulgaria (July 2026)

The most active venture capital funds and angel investors investing in Bulgaria Web3 startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Web3 startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Skynet Trading
VC Fund
2 Singapore, United States, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$15M
a16z crypto
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Information Technology $500k–$55M
Lucid Blue Ventures
VC Fund
1 Singapore, United States, Spain Seed, Series A Blockchain, Gaming, FinTech $1.7M–$10M
Heslin Kim
Angel
1 Estonia, Georgia, Bulgaria Seed, Angel, Pre-Seed Blockchain, Cryptocurrency, Web3 $1.8M–$12M
Marshland Group
VC Fund
1 United Arab Emirates, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Information Technology $1.5M–$8.5M
Moonrock Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Information Technology, Cryptocurrency
Kenny Li
Angel
1 United States, Bulgaria, Singapore Seed, Pre-Seed Blockchain, Web3, Finance $1.2M–$8M
Wintermute
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $3M–$50M
Hack VC
VC Fund
1 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
Wintermute Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.7M–$50M
Victor Ji
Angel
1 United States, Bulgaria Seed, Angel, Pre-Seed Blockchain, Information Technology, Web3 $1M–$7M
Selini Capital
VC Fund
1 United States, Singapore, Canada Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1.8M–$30M
Tykhe Ventures
VC Fund
1 United States, India, United Arab Emirates Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.1M–$10M
WAGMI Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Information Technology $116k–$50M
Anthony Beaumont
Angel
1 Bulgaria, United States Seed, Pre-Seed Blockchain, Bitcoin, Information Technology
Justin Drake
Angel
1 Switzerland, United States, Bulgaria Seed, Grant, Pre-Seed Blockchain, FinTech, Finance $4.9M–$13M
Zhenfei Zhang
Angel
1 Bulgaria Pre-Seed Blockchain, Information Technology, Decentralized Finance (DeFi)
The Rollup
VC Fund
1 United States, India, Bulgaria Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Decentralized Finance (DeFi) $2M–$27M
Public Works
VC Fund
1
Permutation Ventures
VC Fund
1
Ognyan Genev
Angel
1 Bulgaria Pre-Seed Blockchain, Information Technology, Decentralized Finance (DeFi)
MH Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Software $500k–$12M
Ascensive Assets
VC Fund
1 United States, Singapore, Brazil Seed, Series A Blockchain, Cryptocurrency, Gaming $1.2M–$9M
METRIX Capital Group
VC Fund
1 Spain, Vietnam, Bulgaria Seed, Pre-Seed Gaming, Blockchain, Cryptocurrency $1.5M–$4.5M
AU21 Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.1M–$14M
Peech Capital
VC Fund
1 Singapore, Spain, Estonia Seed, Corporate Round Cryptocurrency, Gaming, FinTech $1.8M–$5.7M
Zee Prime Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Information Technology $1.9M–$43M
NewTribe Capital
VC Fund
1 United States, Singapore, Switzerland Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Information Technology $220k–$10M
MetaCartel Ventures
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $1M–$30M
Magnus Capital
VC Fund
1 United States, India, Estonia Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $360k–$7.7M
Maven Capital
VC Fund
1 United Arab Emirates, Singapore, United States Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $700k–$6M
Varys Capital
VC Fund
1 United States, Panama, Spain Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $735k–$5.5M
KuCoin
VC Fund
1 United States, Australia, Singapore Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $2M–$20M
ZBS CAPITAL
VC Fund
1 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $735k–$25M
RR² CAPITAL
VC Fund
1 Ireland, Bulgaria, Portugal Seed, Initial Coin Offering Blockchain, Software, Information Technology $1M–$2.5M
Daedalus Angel Syndicate
VC Fund
1 United States, France, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$35M
Danish Chaudhry
Angel
1 United States, India, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Software $1.5M–$7M
Maven Capital Partners
VC Fund
1 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, SaaS $655k–$25M
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Internet $44k–$58M
Konstantin Richter
Angel
1 Israel, Bulgaria, United States Seed, Pre-Seed Blockchain, Accounting, Enterprise Software $4.3M–$7.6M
Access all 52 investors in Bulgaria Web3 startups.

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

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Investor list

Skynet Trading
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Bulgaria Web3 startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Switzerland

Investor stats

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

Portfolio highlights

  • BullPerks — BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs.
  • Bitlight Labs — Make Bitcoin Smart
  • Pheasant Network — Pheasant Network uses intent-based bridging and an innovative cross-chain swap protocol to connect 30+ blockchain networks quickly and efficiently.
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a16z crypto
VC Fund · Menlo Park, California, United States · 1 investments in Bulgaria Web3 startups

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.

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Investment focus

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

Investor stats

  • Total investments: 203
  • Round size: Seed $2M–$25M; Pre-Seed $500k–$3M; Series A $9M–$55M
  • Lead/follow: 68% lead, 32% follow

Portfolio highlights

  • Yupp — Every AI for everyone
  • Dzone Finance — Dzone finance is a cross-chain Dex/Bridge aggregator and build with new technology. Dzone is faster bridge and cheapest
  • Catena Labs — Catena is a product studio where we transform complex computing advancements into accessible, practical tools for users and developers. Leveraging AI and web3 technology our aim is to turn innovative ideas into real-world applications that are easy to use.
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Lucid Blue Ventures
VC Fund · 1 investments in Bulgaria Web3 startups

Lucid Blue Ventures operates as a venture capital firm.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Credbull — Credbull manages on-chain private credit funds that provide vital financing solutions to creditworthy small and medium-sized enterprises (SMEs).
  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Velvet Capital — Trade any crypto onchain - spot and perpetuals across 7 chains with AI-powered routing. Non-custodial DeFi trading terminal + AI trading bot. 100K+ traders.
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Heslin Kim
Angel · 1 investments in Bulgaria Web3 startups

With deep engagement within the DLT/blockchain sector since late 2016, Heslin’s key strengths have culminated in his full engagement in accelerating the global tokenization of securities in traditional capital markets. He is a well-known KOL across the Asia Pacific having spoken at over 30 conferences championing tokenized digital securities.Operationally he has helped scale and accelerate previous blockchain businesses across over a dozen countries in the Asia Pacific region. In his previous capacities, he has led business development, sales, and strategic partnerships for both global and regional partnerships based in China, Japan, Singapore, Australia, Korea, Hong Kong, Philippines, Vietnam, Thailand, Malaysia, Indonesia, and Taiwan. To date, his work with various clients and partners has aggregated $27bn+ USD in tokenized assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Georgia, Bulgaria

Investor stats

  • Total investments: 7
  • 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.
  • Crestal — Crestal offers a decentralized platform that meets the objectives of Web3 applications through modular service architecture. The Crestal blockchain monitors and scores services using a Proof of Performance (PoP) consensus process.
  • Optimum — Optimum constitutes a decentralized, high-performance memory infrastructure tailored for use across various blockchains.
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Marshland Group
VC Fund · Castries, Castries, Saint Lucia · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $1.5M–$1.9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Me3 — Me3 is a crypto wallet to purchase, send, receive, and exchange tokens and NFTs.
  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Interstate — Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1.
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Moonrock Capital
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Web3 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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Kenny Li
Angel · Cambridge, Massachusetts, United States · 1 investments in Bulgaria Web3 startups

Kenny Li is the Co-Founder of P0x Labs. He attended MIT Sloan School of Management.

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Investment focus

  • Industry: Blockchain, Web3, Finance
  • Stage:Seed, Pre-Seed
  • Geography: United States, Bulgaria, Singapore

Investor stats

  • Total investments: 7
  • Round size: Seed $3.1M–$8M; Pre-Seed $1.2M–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Capx — Capx's mission is to accelerate the flow of capital through the private markets, thereby enhancing global capital allocation. With secondary market and enterprise solutions, Capx combines high-quality collections of opportunities with efficient access for institutions and individual investors.
  • SODA — SODA enables the next generation of consumer crypto and meme coins and allows meme coin developers to leverage Telegram.
  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Web3 startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Seed $3M–$18M; Series A $5M–$50M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — One Exchange Infinite Markets
  • Pave Bank — The world's first multi-asset and programmable bank
  • Nova Markets — Nova Markets is an on-chain capital and prediction market infrastructure project.
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Hack VC
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Web3 startups

Hack VC is a web3 venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 249
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$10M; Series A $6.5M–$42M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Gondi — Gondi is a non-custodial decentralized NFT lending protocol designed to build the most effective NFT credit market. The protocol allows for ongoing underwriting and full and partial refinancing of all outstanding loans, resulting in a more dynamic and liquid market.
  • Mudafy — Mudafy is a tech-enabled real estate broker for LatAm.
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Web3 startups, 8 in the past 12 months

Wintermute Ventures is the investment arm of Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures is uniquely positioned to back early-stage Web3 projectswith hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership, ensuring its investments align with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 100 projects.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 111
  • Round size: Seed $2.7M–$20M; Series A $7.6M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • UnblockPay
  • Morpho Labs — Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.
  • Crossover Markets Group — Crossover Markets Group, Inc is a digital asset exchange designed to meet the liquidity needs of institutional clients trading cryptocurrencies.
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Access 48,091 investors

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

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Victor Ji
Angel · Cambridge, Massachusetts, United States · 1 investments in Bulgaria Web3 startups

Victor Ji is the Co-Founder of P0x Labs and Manta Network.

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Investment focus

  • Industry: Blockchain, Information Technology, Web3
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Bulgaria

Investor stats

  • Total investments: 8
  • Round size: Seed $1M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Predicate — Predicate network simplifies transaction prerequisites.
  • SOON — SOON is building the highest throughput stack that allows for any SVM L2 to be deployed on any L1.
  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Selini Capital
VC Fund · 1 investments in Bulgaria Web3 startups, 14 in the past 12 months

Selini Capital is a multi-strategy trading firm and liquidity provider specializing in crypto assets. With roots in traditional finance and a passion for technology, we strive to bring leadership to this dynamic space.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 69
  • Round size: Seed $1.8M–$16M; Series A $3.2M–$27M; Venture - Series Unknown $2M–$30M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Enhanced — Enhanced is a crypto/DeFi startup building next-generation structured product infrastructure on the blockchain to help users earn higher yields on their crypto assets using derivative strategies.
  • Neuramint — The premier development platform for building autonomous AI agents on Web3. Create, deploy, and manage intelligent workflows across DeFi, NFTs, and blockchain ecosystems.
  • Harbor — Harbor is a purpose-built trading platform for wallets to access liquidity in a performant execution environment.
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Tykhe Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Bulgaria Web3 startups

At Tykhe Block Ventures, we lead seed rounds into bold ventures and hold liquid investments within the blockchain sector with a focus on decentralisation technologies, digital assets and their key enabling infrastructure.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, United Arab Emirates

Investor stats

  • Total investments: 39
  • Round size: Seed $1.4M–$7.5M; Pre-Seed $1.1M–$5M; Series A $8M–$10M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Zynk — Zynk is a fintech company that offers global payments and liquidity infrastructure.
  • Openbox.ai — OpenBox AI provides a unified trust platform for agentic AI, delivering runtime governance, cryptographic verification, and enterprise-grade AI accountability across systems and organizations.
  • OpenBox AI — OpenBox AI provides AI governance, runtime enforcement, identity, policy, and risk control services.
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WAGMI Ventures
VC Fund · New York, New York, United States · 1 investments in Bulgaria Web3 startups, 25 in the past 12 months

Join our syndicate to gain access to venture backed web3 startups. WAGMI Ventures is a global syndicate of 10,000+ strategic execs from some of the largest crypto companies giving founders distribution partners.

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Seed $2.2M–$10M; Pre-Seed $116k–$35M; Series A $7.5M–$50M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • IOTrader — IOTrader is a financial technology company operating a high-volume perpetual decentralized exchange (DEX). Specializing in decentralized finance (DeFi), the platform provides secure, audited cryptocurrency trading for tens of thousands of active monthly users.
  • Tomoland — Tomoland is a social gaming platform where users create avatars, worlds, and multiplayer experiences.
  • Midas — Structured Products, Onchain.
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Anthony Beaumont
Angel · 1 investments in Bulgaria Web3 startups

Anthony Beaumont is a co-founder of Encode Club.

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Investment focus

  • Industry: Blockchain, Bitcoin, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Storm Labs — We are an open-source software development studio that builds infrastructure for the next financial generation.
  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Justin Drake
Angel · Cambridge, Massachusetts, United States · 1 investments in Bulgaria Web3 startups

Justin Drake is the Researcher of Ethereum Foundation. He previously worked at Duo Money Ltd as a Founder and CEO. Justin Drake attended the University of Cambridge.

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Investment focus

  • Industry: Blockchain, FinTech, Finance
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Switzerland, United States, Bulgaria

Investor stats

  • Total investments: 6
  • Round size: Seed $4.9M–$13M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Pi Squared — Pi Squared enables trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp.
  • Ellipsis Labs — Ellipsis Labs is building Phoenix, a decentralized limit order book on Solana that is fully on-chain, non-custodial, and crankless.
  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Zhenfei Zhang
Angel · 1 investments in Bulgaria Web3 startups

Zhenfei Zhang is a member of Ethereum Foundation researchers.

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Investment focus

  • Industry: Blockchain, Information Technology, Decentralized Finance (DeFi)
  • Stage:Pre-Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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The Rollup
VC Fund · 1 investments in Bulgaria Web3 startups

Sign up to The Rollup Report For Interviews, Podcasts, And Exclusive Info Delivered Directly To Your Mailbox

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Decentralized Finance (DeFi)
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Bulgaria

Investor stats

  • Total investments: 8
  • Round size: Seed $2M–$27M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BeraTone — BeraTone is a farm life simulation game developed on Berachain technology.
  • Inversion — Inversion is a technology-first investment company that acquires and transforms legacy businesses with blockchain technology.
  • Blockworks — Blockworks is a financial media brand that delivers breaking news and premium insights about digital assets to millions of investors. Our editorial content, newsletters, podcasts and events provide investors with the critical analysis and information they need to make smarter decisions about digital assets.
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Public Works
VC Fund · 1 investments in Bulgaria Web3 startups

Public Works is a software sevelopment firm.

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Investor stats

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

Portfolio highlights

  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Permutation Ventures
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Web3 startups

Permutation Ventures is a new micro VC specializing in AI companies and applications.

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Investor stats

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

Portfolio highlights

  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Access 48,091 investors

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

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Ognyan Genev
Angel · 1 investments in Bulgaria Web3 startups

Ognyan Genev is the member of Ethereum Foundation .

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Investment focus

  • Industry: Blockchain, Information Technology, Decentralized Finance (DeFi)
  • Stage:Pre-Seed
  • Geography: Bulgaria

Investor stats

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

Portfolio highlights

  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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MH Ventures
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Web3 startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 189
  • Round size: Seed $1.5M–$12M; Pre-Seed $500k–$5M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • GENCY AI — Gency AI is a Web3 platform for privacy-focused, verifiable digital ads using encrypted data and proof-based tracking.
  • Voyage — Voyage AI is an AI infrastructure project building the first GEOFi network to make AI-generated content citable.
  • Interstate — Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1.
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Ascensive Assets
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 investments in Bulgaria Web3 startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Brazil

Investor stats

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

Portfolio highlights

  • StripChain — Stripchain is an intent-based interoperability standard that enables chain abstraction.
  • Nest Wallet — A Wallet Built for Traders
  • Switchboard — Switchboard allows builders to unlock the power of solana by creating high-performance data feeds from any API. They will bring data on-chain that will enable developers to unlock the future of decentralized applications. They enable the SOL community to push any form of data on-chain.
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METRIX Capital Group
VC Fund · Anaheim, California, United States · 1 investments in Bulgaria Web3 startups

METRIX Capital Group was founded in 2011

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • GoFungibles — GoFungibles is a cross-chain state-of-the-art NFT marketplace equipped with all the existing features of conventional NFT marketplaces but augmented with DeFi and gamified components.
  • Legends of Mitra — Discover the best crypto casino slots of 2026. Compare 5 top Bitcoin casinos offering provably fair games, massive bonuses, and instant crypto withdrawals.
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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

  • Total investments: 175
  • Round size: Seed $1.1M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • PERL.eco — The Planetary Ecosystem Registration Ledger will be a dedicated blockchain for real-world ecological assets through tokenizing carbon credits and biodiversity, NFTs and decentralised (DeFi) rewards.
  • Meter.io — Meter.io is a base layer hybrid consensus protocol built to address the volatility, scaling and interoperability problems in the existing cryptocurrencies.
  • Injective — Explore Injective: the high-performance blockchain powering decentralized finance, governance, and next-gen Web3 apps with unmatched speed and scale.
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Peech Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Web3 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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Zee Prime Capital
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Cryopets — Pausing biological time with cryosleep for pets
  • Share — Share operates as an independent and neutral digital infrastructure platform dedicated to advancing Africa’s growth and development. It provides reliable, scalable, and inclusive technological foundations that enable governments, businesses, and communities to build, connect, and innovate.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
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NewTribe Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Bulgaria Web3 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, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 71
  • Round size: Seed $220k–$9M; Venture - Series Unknown $1.3M–$10M
  • Lead/follow: 0% lead, 100% follow

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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MetaCartel Ventures
VC Fund · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
  • Hydra Ventures — Hydra Ventures is the first dedicated investment DAO focused on backing and incubate other investment DAOs across the web3 ecosystem.
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Magnus Capital
VC Fund · 1 investments in Bulgaria Web3 startups

Magnus Capital is a crypto investment firm.

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $360k–$1.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • Real Finance — Real Finance is driven by the mission to revolutionize the financial landscape by integrating real-world assets with blockchain technology, creating a more transparent, secure, and efficient ecosystem that bridges traditional finance with decentralized innovation, enhances asset liquidity, and unlocks new opportunities for global investors.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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Maven Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $1.2M–$6M; Pre-Seed $700k–$3.4M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Gacha Galaxy — Gacha Galaxy is a Web3 discovery platform that surfaces high-signal projects using data-driven market intelligence. It aggregates on-chain activity, market movements, and curated sentiment/community inputs to help users identify meaningful trends beyond vanity metrics.
  • Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.
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Varys Capital
VC Fund · New York, New York, United States · 1 investments in Bulgaria Web3 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: 14
  • Round size: Seed $735k–$5.5M; Pre-Seed $1.1M–$3.5M
  • Lead/follow: 29% lead, 71% 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
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
  • Momentum — Momentum is a move central liquidity engine with multi-sig treasury management, token vesting, and liquidity provisioning.
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KuCoin
VC Fund · Mahé, Beau Vallon, Seychelles · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

  • Total investments: 78
  • Round size: Seed $2.1M–$12M; Initial Coin Offering $2M–$20M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • Utexo — Utexo develops payment infrastructure that enables stablecoin transactions to settle directly on the Bitcoin network. The platform provides an API and related tools that allow payment operators, exchanges, wallets, and financial platforms to process USDT transfers through Bitcoin-based rails. Its system integrates technologies such as the LightningNetwork and the RGB protocol to support instant settlement, encrypted transaction execution, and predictable transaction costs. Utexo also offers cloud infrastructure and developer tools that manage routing, liquidity, and node operations required for stablecoin payments on Bitcoin. These services allow organizations to integrate Bitcoin-based stablecoin settlement into existing applications without operating or maintaining underlying blockchain infrastructure.
  • Domin Network — Domin Network is a decentralized business network that connects software and hardware in many business situations using the NFT middleware protocol and DePIN rollup technology.
  • Balthazar NFT Gaming — Balthazar is on a mission to empower the biggest community of gamers to create a self-sustaining,
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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Bulgaria Web3 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: 131
  • 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.
  • 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.
  • Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.
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RR² CAPITAL
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • NXI — Nexus Interactive gives collective growth and accrued value to its ecosystem.
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Daedalus Angel Syndicate
VC Fund · London, England, United Kingdom · 1 investments in Bulgaria Web3 startups

Daedalus Angel Syndicate is a blockchain-focused angel collective.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, France, Singapore

Investor stats

  • Total investments: 40
  • Round size: Seed $2M–$9M; Pre-Seed $1M–$35M; Series A $11M–$24M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • TACEO — TACEO refers to MPC encrypted compute for Web3.
  • Haiku — With Haiku, you can rebalance your portfolio, open a cross-chain delta-neutral strategy, unwind every position across chains, or set revenue-generating limit orders, all in a single transaction.Simply define your current portfolio and your portfolio goal; we handle the execution path.Institutions use us because they no longer have to hedgeoff-chain, deal with multiple steps, or worry about slippage. Protocols integrate our API once to unlock sophisticated strategies their users can't execute manually.
  • Haiku — Haiku is a DeFi platform that lets users execute complex multi-chain trades and strategies in simple, optimized transactions.
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Danish Chaudhry
Angel · London, England, United Kingdom · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Nexio — Nexio is a bitcoin scaling solution platform that helps to improve cryptocurrency's scalability by using parallelizing Bitcoin rollouts.
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
  • Neutral Trade — Neutral Trade, an on-chain multi-strategy hedge fund platform, offers innovative delta-neutral trading and liquidity provisioning strategies to deliver consistent, risk-adjusted returns.
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Maven Capital Partners
VC Fund · Glasgow, Glasgow City, United Kingdom · 1 investments in Bulgaria Web3 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: 202
  • Round size: Seed $655k–$5.3M; Series A $2.2M–$25M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Bright — Bright Network has a range of graduate careers available. Whatever the sector you want to go into Bright Network will help you find your dream job.
  • ProofID — We are identity experts. We manage all aspects of your IAM program, from design and deployment, through to optimisation and ongoing support.
  • Guru Systems — Intelligent technology for the future of heat. Guru Systems provides market-leading hardware and data analytics platforms for heat networks, gas boilers and heat pumps. Our technology improves the performance of these systems for residential developers, heat suppliers, customers and our planet.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Web3 startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • nFuse.ai — nFuse.ai is an AI‑powered B2B sales platform focused on fast‑moving consumer goods (FMCG), positioning itself as an “ordering and communication layer” between brands and their distribution networks.
  • OfficeRnD — OfficeRnD helps flex space operators and hybrid teams manage the workplace of the future. Book your demo or start a free 14-day trial.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
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Konstantin Richter
Angel · New York, New York, United States · 1 investments in Bulgaria Web3 startups

Konstantin Richter - CEO & Founder @ Blockdaemon

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Investment focus

  • Industry: Blockchain, Accounting, Enterprise Software
  • Stage:Seed, Pre-Seed
  • Geography: Israel, Bulgaria, United States

Investor stats

  • Total investments: 3
  • Round size: Seed $4.3M–$7.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Olympix — Olympix is a pioneering DevSecOps tool that puts security in the hands of the developer by proactively securing code from day one.
  • Tres — Crypto Accounting and Web3 Treasury - Enable financial workflows such as reconciliation, balance calculation, audit and reporting. Now businesses can monitor, manage and account for their Web3 assets from on-ramp to off-ramp.
  • Blocksense — Blocksense is a decentralized and unrestricted protocol that consumes Oracle data feeds.
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Web3 Investor funding in Bulgaria at a glance

Stats across 14 deals from 52 investors.

52
investors
in Bulgaria Web3 startups
14
deals
in Bulgaria Web3 startups
$1.8M
median round
in Bulgaria Web3 startups
13%
lead investors
lead at least one round
50%
Seed
most common funding stage
75/25
VC / Angel
share of investor count

Access all 52 investors in Bulgaria Web3 startups.

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