# Top 45 Angel Investors in Bulgaria in May 2026

## Hristo Hristov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Software, Advertising

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

## Daniel Tomov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series B
- Focus: Software, FinTech, Small and Medium Businesses

Daniel is founding partner at Eleven Accelerator Venture Fund and investing in some of the most promising and exciting tech startups in CEE. Daniel has been involved in startups since 2000 as early stage investor and funded (in some cases bootstrapping) entrepreneur in diverse domains ranging from software to mobile to consumer goods torenewable energy. He has been lucky to meet and befriend with some of the greatest tech entrepreneurs in our region.

## Mihail Stoychev
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: SaaS, Apps, Shipping

Mihail Stoychev - Founder and CEO @ SMSBump

## Georgi Petrov
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: SaaS, Apps, Shipping

Georgi Petrov is a Chief Executive Officer and Founder at SMSBump.

## Petr Baron
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed
- Focus: FinTech, Internet, Marketing

Petr Baron CEO TBI Financial Services

## Bogomil Balkansky
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Enterprise Software

Bogomil Balkansky is a Partner at Sequoia Capital.
He started his career as a management consultant at McKinsey & Company. Bogomil holds a bachelor of arts in Mathematics from Cornell University and an MBA from Stanford Graduate School of Business.

## Xavier Buck
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel, Convertible Note
- Focus: SaaS, Farming, Software

Xavier has been an Internet entrepreneur since 1996. After co-founding several ventures like Datecenter Luxembourg, EuroDNS, eBrandServices and DomainInvest, Xavier's current role consists in deploying the group's international activities with a special focus on the domain name industry, internet traffic and traffic monetization. Xavierholds chairman positions in his formerly founded ventures and is director of a series of companies including DomainTools.com, eBrandServices, OpenRegistry and LeftoftheDot.

## Svetozar Georgiev
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: SaaS, FinTech, Software

Svetozar has been instrumental in establishing the Telerik brand and growing the Marketing and Financial organizations within the company. As a seasoned marketing executive, he has invented some of Telerik’s most successful marketing campaigns and has led to fruition many innovative ideas in the field of digital marketing. His profound expertise inthe areas of product positioning, marketing research and communications has helped Telerik become one of the most recognized brands in the space of .NET developer tools.Svetozar previously held management positions at Lowe Lintas, as well as several IT companies. He holds Bachelor’s Degrees in Business Administration and Journalism from the American University in Bulgaria.

## Ivaylo Simov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Big Data, Coffee, B2B

Ivaylo Simov devised eleven’s strategy. His notorious shyness can be overcome only with ample amounts of beer, preferably while skiing. He was previously a director in a private equity fund, but now wants to change the VC industry from the bottom up.

## Thomas Peruzzi
- Type: Angel
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 2
- Stages: Seed, Convertible Note
- Focus: Farming, Livestock, Agriculture

Thomas Peruzzi - CTO @ Virtual Minds

## Denis Gorbunov
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Internet, Marketing, E-Commerce

Denis Gorbunov

## Michael Gutsmann
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Convertible Note
- Focus: Farming, Livestock, Agriculture

Michael Gutsmann is a CFO at Bigpoint.

## Valeri Petrov
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: B2B, SaaS, Sports

Valeri is primarily in charge with investment opportunities in Bulgaria and the Western Balkans. Prior to that, he was Partner at Bancroft Private and, before joining Bancroft, he was Investment Director with Global Finance, running the company’s activities in Bulgaria. Valeri led and co-led many transactions in various countries acrossSouth-Eastern Europe (Romania, Bulgaria, Croatia and Turkey among others). Prior to moving to the Private Equity industry, Valeri ran Orgachim, the largest paints & coating company in Bulgaria (backed by private equity funds, including RAEF) as CEO, where he completed a successful turnaround. Valeri also worked for the Royal Dutch/Shell, and held various positions within the organization. Valeri holds an MSc in Engineering from the Technical University of Sofia. He also attended Management Academy in London and ETP on Business Management in Delaware University, Sofia branch.

## Marco Houwen
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Convertible Note
- Focus: Farming, Livestock, Agriculture

Marco Houwen, together with his partners LuxConnect and Datacenter Luxembourg, founded LuxCloud S.A. in April 2010.This partnership sets out to attract international SME and SMI, out of the field of Software development, to the Grand Duchy. LuxCloud will put Luxembourg firmly on the International Internet map and deliver services to SMB’s allover Europe.In 2000, Marco, in association with Xavier Buck, founded DCL Group, a leading Internet and e-commerce company, now recognized as one of the biggest Internet success stories in Luxembourg. Companies in the Group include Datacenter Luxembourg, LuxCloud, EuroDNS, e-Brand Services and voipGATE, to name but a few.Passionate about the promotion of Luxembourg, Marco is co-founder and President of LU-CIX A.s.b.l. and as such, contributes actively on the promotion of the Luxembourgish e-commerce hub.In addition to his role as LuxCloud CEO, Marco is CEO of Datacenter Luxembourg and a board member of the DCL Group.

## Zoran Arsovski
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: SaaS, Internet, Software

Zoran and his team focus on Digital Marketing Consulting for B2B growth-stage companies supported by the leading technology VC funds.

## Sevdalina Vassileva
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Angel
- Focus: Hardware, Child Care, Cloud Computing

Sevdalina Vassileva - Business developer @ EuroPATC

## Nikolay Nedelchev
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Food Processing, Food and Beverage

Nikolay Nedelchev is the executive chairman of Publicis Groupe.

## Miodrag Stankovic
- Type: Angel
- Location: Nis, Vojvodina, Serbia
- Relevant deals: 1
- Stages: Angel
- Focus: Hardware, Child Care, Cloud Computing

Miodrag Stankovic

## Yordan Trifonov
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Food Processing, Food and Beverage

Yordan Trifonov is the Business Development Manager for Eastern Bulgaria.

## Simeon Tyutyundjiev
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Clinical Trials

Simeon Tyutyundjiev

## Pressian Karakostov
- Type: Angel
- Location: Varna, Varna, Bulgaria
- Relevant deals: 1
- Stages: Seed

Pressian Karakostov is a Founder and Chairman at PhoneArena company. Pressian previously worked at PubGalaxy as a Founder and Chairman. He attended Harvard Business School Executive Education in 2017.

## Georgi Brashnarov
- Type: Angel
- Relevant deals: 1
- Stages: Seed

Georgi Brashnarov is a member of the ICT cluster management board.

## Marko Vucinic
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Farming, Livestock, Agriculture

Marko Vucinic

## Vassil Terziev
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, SaaS, FinTech

Vassil is responsible for overseeing Telerik’s strategic direction and enabling its rapid growth as a global provider of enterprise-class software and services. As a co-founder of Telerik, Vassil was instrumental in growing the sales, support and business development units of the company and establishing the fanatical dedication to customerservice. Vassil’s vision and dedication has helped Telerik keep its slogan to “Deliver more than expected” and enjoy a solid track record of growing revenues and profitability in the ever changing developer tools marketplace.Vassil earned his Bachelor’s Degree in Business Administration at the American University in Bulgaria and has served in various roles in companies from real estate, investment and high-tech industries.

## Svetoslav Gerdzhikov
- Type: Angel
- Location: Lozenets, Burgas, Bulgaria
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Food Processing, Food and Beverage

Svetoslav Gerdzhikov is the partner in the Velinov.

## Selahattin Zoralioğl
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Computer, Software, Web Apps

Selahattin Zoralioğl

## Heiko Hubertz
- Type: Angel
- Location: Hamburg, Hamburg, Germany
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Information Technology, Digital Media

Heiko Hubertz - Founder & CEO @ Oxolo

## Tim Draper
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, Mobile

Tim Draper is the Founder of Draper Associates. He was a Member of the Advisory Board at Mode Media. He attended Harvard Business School.

## Ralitsa Ivanova
- Type: Angel
- Relevant deals: 1
- Stages: Seed

Ralitsa Ivanova is a CEO & Co-Founder at Tribie.

## Emil Tabakov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Angel
- Focus: SaaS, Software, Venture Capital

Senior Product Manager @ Coursera (NYSE: COUR). Ex-Telerik/Ex-Progress (NASDAQ: PRGS)
Emil is passionate about building products that people love, building effective teams, talent development and working on open source products.

## Heslin Kim
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Cryptocurrency, Gaming, FinTech

Heslin Kim is the founder and CEO of Blockchain ROK.

## Martin Markov
- Type: Angel
- Relevant deals: 1
- Stages: Seed

Martin Markov is the CEO at Appolica. Martin attended Sofia University St. Kliment Ohridski.

## Nedelcho Spasov
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Farming, FinTech, Payments

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

## Velizar Velichkov
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Clinical Trials

Velizar Velichkov

## Atanas Raykov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Food Processing, Food and Beverage

Atanas Raykov - Senior Director EMENA @ Rakuten Viber

## Clark Landry
- Type: Angel
- Location: Nashville, Tennessee, United States
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: Software, Internet, Advertising

Clark Landry is the Managing Partner of Clover Leaf Ventures.Most recently, Clark was co-founder and COO at CESPPA, a cybersecurity company. Formerly, Clark was co-founder and COO at Maple Media (raised $30 million from private equity investors), co-founder and executive chairman at SHIFT (acquired by Brand Networks), co-founder and CEO at TopLevel Domain Holdings (now Minds + Machines - publicly-traded on the London Stock Exchange's AIM), co-founder and CMO at TagWorld (acquired by Viacom). Clark was a founding investor of Gradient X, a mobile DSP (acquired by SingTel), Traffic Marketplace, an advertising network (acquired by Vivendi), Adconion Media Group, a provider of digital media advertising solutions (acquired by Amobee), Conversion Logic, an advertising attribution company, and CREXi, a commercial real estate marketplace.Clark holds a bachelor of arts degree in economics from Yale University.

## Hristo Tenchev
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Clinical Trials

Hristo Tenchev is the Co-founder of Software University.Hristo Tenchev attended Open University UK

## Vihren Ganev
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Clinical Trials

Vihren Ganev

## Rune Sovndahl
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: iOS, Apps, Mobile

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

## Ivaylo Ivanov
- Type: Angel
- Relevant deals: 1
- Stages: Seed

Ivaylo is a Fintech expert with experience in professional services, business development, consulting and project management and a passion for entrepreneurship.
He has worked at Ernst & Young, Leinonen Group and PriceWaterhouseCoopers in the areas of assurance, M&A and management consulting. He also held a position in the Board of Directorsof the European Equity Crowdfunding Association (EECA). Ivaylo holds a Bachelor degree in Business administration from Sofia University and an MBA from Cotrugli Business School. He is a member of the UK Association of Chartered Certified Accountants (ACCA).

## Subby Angelov
- Type: Angel
- Relevant deals: 1
- Stages: Seed

Subby Angelov - Senior Account Manager @ Nemetschek Bulgaria

## Danish Chaudhry
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Information Technology

Startup enthusiast and coffee addict

## Dejan Pejcic
- Type: Angel
- Location: Nis, Vojvodina, Serbia
- Relevant deals: 1
- Stages: Angel
- Focus: Hardware, Child Care, Cloud Computing

Dejan Pejcic

## Dalibor Jevtic
- Type: Angel
- Location: Belgrade, Vojvodina, Serbia
- Relevant deals: 1
- Stages: Angel
- Focus: Hardware, Child Care, Cloud Computing

Dalibor Jevtic

## Georgi Kremenliev
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Analytics, Information Technology, Small and Medium Businesses

Georgi Kremenliev - VP Professional and Engineering Services @ Vayant Travel Technologies

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