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Top 25 Hardware Startup Investors in Bulgaria (May 2026)

The most active venture capital funds and angel investors investing in Bulgaria Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Bulgaria Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Eleven Ventures
VC Fund
15 Bulgaria, United States, United Kingdom Seed, Convertible Note, Pre-Seed Software, SaaS, Information Technology $27k–$1.1M
LAUNCHub Ventures
VC Fund
7 Bulgaria, United Kingdom, United States Seed, Series A Software, SaaS, Enterprise Software $40k–$54M
Daniel Tomov
Angel
3 Bulgaria, United Kingdom, Malta Seed, Pre-Seed, Series B Software, FinTech, Small and Medium Businesses
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS $123k–$27M
Impetus Capital
VC Fund
2 Bulgaria, Germany, United States Seed, Convertible Note Software, Information Technology, Life Science $118k–$1.3M
Freigeist Capital
VC Fund
2 Germany, Bulgaria, Portugal Seed, Series A Software, Food and Beverage, Transportation $536k–$10M
Neo Ventures
VC Fund
2 Israel, United Kingdom, Estonia Seed, Series A Software, Artificial Intelligence, Aerospace $1.1M–$1.6M
Ivaylo Simov
Angel
2 Bulgaria, Greece, Slovenia Seed, Pre-Seed Big Data, Coffee, B2B
Valeri Petrov
Angel
2 Germany, Bulgaria Seed, Angel B2B, SaaS, Sports
Speedinvest
VC Fund
1 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Dalibor Jevtic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Miodrag Stankovic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Strategic Development Fund
VC Fund
1 Israel, Bulgaria, United Kingdom Seed, Series A Aerospace, Drones, Sensor
Selahattin Zoralioğl
Angel
1 Turkey, Bulgaria Seed Computer, Software, Web Apps
Sevdalina Vassileva
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
Svetozar Georgiev
Angel
1 United Kingdom, Bulgaria Seed, Pre-Seed, Angel SaaS, FinTech, Software
BrightCap Ventures
VC Fund
1 Bulgaria, United States, France Seed, Pre-Seed Software, Health Care, SaaS $214k–$6M
Dejan Pejcic
Angel
1 Bulgaria Angel Hardware, Child Care, Cloud Computing
TechOne VC
VC Fund
1 Turkey, United States, Estonia Seed, Pre-Seed Software, SaaS, Information Technology $115k–$2.4M
Bogomil Balkansky
Angel
1 United States, Bulgaria, Israel Seed, Series A, Series B Software, SaaS, Enterprise Software $321k–$19M
Tim Draper
Angel
1 United States, United Kingdom, Canada Seed, Series A, Series B Software, FinTech, Mobile $350k–$32M
European Investment Bank
VC Fund
1 France, Germany, Ireland Debt Financing, Post-IPO Debt Biotechnology, Health Care, Software $6.4M–$536M
Vassil Terziev
Angel
1 United States, Bulgaria, United Kingdom Seed, Angel, Pre-Seed Software, SaaS, FinTech
Ceecat Capital
VC Fund
1 Turkey FinTech, Finance, Payments
Hristo Hristov
Angel
1 Bulgaria, Ireland, Romania Seed, Pre-Seed, Angel E-Commerce, Software, Advertising
Access all 8 investors in Bulgaria Hardware startups.

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

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Investor list

Eleven Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 15 investments in Bulgaria Hardware startups, 10 in the past 12 months

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

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: Bulgaria, United States, United Kingdom

Investor stats

  • Total investments: 123
  • Round size: Seed $27k–$1.1M; Pre-Seed $107k–$804k; Convertible Note $27k–$118k
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pluria — Flexible offices in LATAM & Europe: hundreds of coworking spaces and meeting rooms for employees and teams. Hybrid work model for companies.
  • Cupffee — Cupffee creates and sells edible coffee cups and stirrers, manufacturing procedure produces no industrial waste, only clean steam and the delicious aroma of freshly baked cookies. Moreover, all leftover materials from the production of cups are utilized as ingredients for other edible products.
  • FlatAway — FlatAway is an online booking platform for hotels, vacation rentals, and apartments.
Show all investments...

LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 7 investments in Bulgaria Hardware startups

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

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 124
  • Round size: Seed $40k–$1.2M; Series A $1.4M–$54M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
  • Kubeark — Kubeark powers scalable, rapid, and compliant SaaSification and software lifecycle management.
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Daniel Tomov
Angel · Sofia, Grad Sofiya, Bulgaria · 3 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: Software, FinTech, Small and Medium Businesses
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Bulgaria, United Kingdom, Malta

Investor stats

  • Total investments: 12
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
  • Native Teams — Native Teams is a platform that offers payments and employment tools for freelancers, remote workers, and clients. Native Teams was founded in 2021 and was headquartered in London.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Show all investments...

Impetus Capital
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware startups

Early stage venture capital fund partnering with founders at Seed and Series A stage. We are not simply the next investor who sends you money and shows up at board meetings. Our team seeks to empower you throughout your journey with actionable, game-changing support.

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Investment focus

  • Industry: Software, Information Technology, Life Science
  • Stage:Seed, Convertible Note
  • Geography: Bulgaria, Germany, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $118k–$1.3M; Convertible Note $219k–$605k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Tapline — Tapline turns your SaaS recurring revenues into fast, transparent and non dilutive growth capital.
  • Re:benefit — Re:Benefit pioneers in the market of benefits management platforms in Bulgaria and is among the most flexible and innovative solutions of its kind.
  • Hydrogenera — Hydrogenera specializes in the development of hydrogen technologies.
Show all investments...

Freigeist Capital
VC Fund · Bonn, Nordrhein-Westfalen, Germany · 2 investments in Bulgaria Hardware startups

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

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Investment focus

  • Industry: Software, Food and Beverage, Transportation
  • Stage:Seed, Series A
  • Geography: Germany, Bulgaria, Portugal

Investor stats

  • Total investments: 35
  • Round size: Seed $536k–$3.5M; Series A $4.8M–$10M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • PROSION — PROSION Therapeutics is a drug development company that utilises cutting-edge technology to unlock so far undruggable targets and address highly unmet medical needs.
  • EnduroSat — EnduroSat designs, builds and operates class-leading NanoSats for a range of commercial, exploration and science missions. We focus on inter-satellite connectivity and space data applications
  • Leko Labs — LEKO LABS is accelerating the global transition to carbon negative construction with building materials powered by AI optimisation and robotic manufacturing.
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Neo Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, Aerospace
  • Stage:Seed, Series A
  • Geography: Israel, United Kingdom, Estonia

Investor stats

  • Total investments: 13
  • Round size: Seed $1.1M–$1.6M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • EnduroSat — EnduroSat designs, builds and operates class-leading NanoSats for a range of commercial, exploration and science missions. We focus on inter-satellite connectivity and space data applications
  • 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.
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Ivaylo Simov
Angel · Sofia, Grad Sofiya, Bulgaria · 2 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: Big Data, Coffee, B2B
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, Greece, Slovenia

Investor stats

  • Total investments: 7
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Edgar — Edgar believes that a good story can beat even the biggest of marketing budgets. This is especially true for SMBs and all the crafters and makers out there. Instead of spending big on traditional advertising, brands should engage their peers with great content. To fix the industry, they created Edgar. Edgar gives brands the tools and access to thebest creatives (brand storytellers, writers, illustrators), so that they can delight their customers with awesome stories. StoryMarket is the place where Edgar hosts a hand-picked selection of storytellers from around the world. From copywriters, journalists, editors, illustrators, photographers to animators, outreach experts and community managers, they have the talent needed to craft awesome brand stories. Edgar handles strategy, management, creation and distribution of content. The scope of the campaign depends on each customer. Creating the brief and defining the scope is as easy as ordering a frozen yogurt. From a single piece of content, to a set of Instagram/Vine videos, or dedicated storytelling expert that sticks with the brand forever and ever. Edgar makes sure the content is nothing less than perfect and is delivered to you in record time (first piece no later than 10 working days). The creatives and freelancers working with Edgar benefit from their lightweight yet powerful storytelling tools. StoryCrafter is a tool for short, visual stories. Stories take the form of visualized storylines with interactive elements that boost engagement. You create the story by drag and dropping your photos, Instagrams, Vine or YouTube videos and spicing it up with short captions. Brands equip the stories with their contact, brief information and a call to action at the end of the story. Etsy artists for example sell their products straight from the story, while wineries invite people for a wine tasting. Sharing and embedding is done in seconds, while they make sure the story looks and feels exactly the same wherever. Be it web, mobile or tablets. With each story, the Edgar community is growing. A community of freelance storytellers that Edgar empowers with tools and opportunity to be rewarded for their skills. And a community of active visitors who return to be inspired by great content every single day. Brands and individuals benefit greatly from Edgar as it helps them engage their potential customers. And helps them convert existing customers into fans. At the end, there’s no more powerful instrument than people telling stories about your brand.
  • Cupffee — Cupffee creates and sells edible coffee cups and stirrers, manufacturing procedure produces no industrial waste, only clean steam and the delicious aroma of freshly baked cookies. Moreover, all leftover materials from the production of cups are utilized as ingredients for other edible products.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Show all investments...

Valeri Petrov
Angel · 2 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: B2B, SaaS, Sports
  • Stage:Seed, Angel
  • Geography: Germany, Bulgaria

Investor stats

  • Total investments: 4
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Pluria — Flexible offices in LATAM & Europe: hundreds of coworking spaces and meeting rooms for employees and teams. Hybrid work model for companies.
  • Mentessa — We connect organisations for know-how exchange based on skillls, and promote a culture driven by diversity and collaboration. Our mission is to remove barriers to learning and development to everyone in the workplace because nobody knows everything but everybody knows something. Community is where the future works.
  • Join The Players — Join The Players is a tech company that brings the sports experience to the next level by providing automatic video, highlights, and statistics of mini-football games.
Show all investments...

Speedinvest
VC Fund · Vienna, Wien, Austria · 1 investments in Bulgaria Hardware startups, 53 in the past 12 months

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.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Austria

Investor stats

  • Total investments: 390
  • Round size: Seed $536k–$6.5M; Pre-Seed $396k–$1.9M; Series A $1.4M–$50M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • autone — Autone is a SaaS operational platform enabling retail & CPG businesses to make optimal decisions easily and quickly
  • Genie — Genie is a productive web development framework in Julia. Build web applications, UIs, backends, integrate with databases, set up web services and APIs.
  • Purpose Green — Purpose Green operates as a climatetech company.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Dalibor Jevtic
Angel · Belgrade, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Dalibor Jevtic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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Miodrag Stankovic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Miodrag Stankovic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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Strategic Development Fund
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 1 investments in Bulgaria Hardware startups

Strategic Development Fund focus on financial return and economic impact within UAE’s strategic sectors, through equity investment in local and international partnerships and developmental funding towards UAE’s private sector.

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Investment focus

  • Industry: Aerospace, Drones, Sensor
  • Stage:Seed, Series A
  • Geography: Israel, Bulgaria, United Kingdom

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • DRONAMICS — Dronamics offers an all-in-one solution for the middle-mile powered by our Black Swan cargo drone, a network of droneports, and fully mobile control and cargo systems.
  • Regent — We build all-electric, passenger-carrying, wing-in-ground-effect vehicles to service coastal routes with technology available today.
  • Cranfield Aerospace — Cranfield Aerospace Solutions is where Innovation takes off. Recognised as the leader in cutting-edge, green aviation technology.
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Selahattin Zoralioğl
Angel · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Hardware startups

Selahattin Zoralioğl

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Sevdalina Vassileva - Business developer @ EuroPATC

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
Show all investments...

Svetozar Georgiev
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: SaaS, FinTech, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United Kingdom, Bulgaria

Investor stats

  • Total investments: 8
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Payhawk — Save time and money, manage spend, and scale your business with Payhawk. Get premium Visa Cards, dedicated IBANs, SEPA, and Faster Payments, all in one place.
  • Reloyalty — Get rewarded automatically for staying loyal to local businesses in London
  • icanpreneur — The first Accelerator-as-a-Software that guides tech entrepreneurs from idea to product/market fit without relying on luck
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BrightCap Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Bulgaria Hardware startups

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

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Bulgaria, United States, France

Investor stats

  • Total investments: 17
  • Round size: Seed $536k–$6M; Pre-Seed $214k–$375k
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $27M in 2018

Portfolio highlights

  • CoLumbo — CoLumbo helps radiologists work efficiently with MRI and achieve consistent, high-quality results. Our award-winning algorithm aids pathology detection, eliminates human biases and saves critical time in generating MRI reports.
  • 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.
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Dejan Pejcic
Angel · Nis, Vojvodina, Serbia · 1 investments in Bulgaria Hardware startups

Dejan Pejcic

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Investment focus

  • Industry: Hardware, Child Care, Cloud Computing
  • Stage:Angel
  • Geography: Bulgaria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • EuroPATC — EuroPATC is a new startup company established in June 2015. Their mission is to help parents and guardians of children (people) with autism to overcome one of their biggest fears - a fear of a lost child - a fear that their loved one is left without the necessary help in times when it is crucial. Their product is a tracking device that integratesadvanced cutting-edge technology with only one purpose, uncompromisingly child safety. The device has been designed in the form of wearable. The service that we provide to users will be one-of-its-kind, carefully designed for children (people) with autism. Their vision, like our mission, is to bring reliable solution and to help parents to OUTRUN THEIR WORST FEAR!
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TechOne VC
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Bulgaria Hardware startups, 9 in the past 12 months

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.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 39
  • Round size: Seed $115k–$2.4M; Pre-Seed $400k–$605k
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $7M in 2020

Portfolio highlights

  • GINOA — GINOA provides NFT, metaverse, and artificial intelligence for collecting, trading, and investing strategy. They also provide Al-enabled pricing and hassle-free barter place services.
  • WASK INC — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
  • VRLab Academy — VRLab Academy specializes in implementing advanced virtual science education to institutions. It focuses on waste-free, attractive, and useful design to makes advanced virtual science education possible. The company aims to evolve the educational environment where students will improve their scientific skills and learn all about it from firsthand.
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Bogomil Balkansky
Angel · San Francisco, California, United States · 1 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, Bulgaria, Israel

Investor stats

  • Total investments: 36
  • Round size: Seed $321k–$4.8M; Series A $17M–$19M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Cortex — Cortex makes it easy for engineering organizations to gain visibility into their services and deliver high quality software.
  • Stoke — Fiverr Enterprise is a SaaS platform which helps companies source, onboard, manage, and pay your freelance talent legally and compliantly.
  • Promethium — Promethium is an augmented data management provider with the first AI-powered solution that combines natural language processing (NLP) with automated data prep to deliver true self-service analytics. Users simply ask a question in natural language, and Promethium locates the data, demonstrates how it should be assembled, automatically generates theSQL statement to get the right data, and executes the query across multiple repositories.
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Tim Draper
Angel · San Francisco, California, United States · 1 investments in Bulgaria Hardware startups, 18 in the past 12 months

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

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Investment focus

  • Industry: Software, FinTech, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 216
  • Round size: Seed $350k–$3.7M; Series A $2.3M–$20M; Series B $3M–$32M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • EtherMail — EtherMail is the Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication.
  • Arkam Intelligence — See intelligence on the addresses, entities, individuals, and assets most important to you.
  • SignalRank Corporation — SignalRank Corporation is a FinTech company in the Venture space. It focuses on the seed stage asset class and uses data analytics to allocate capital to the best seed fund managers for their top performing companies. GPRank and CompanyRank are two proprietary algorithms it leverages to automate capital allocation. The company invests from balancesheet. Its customers are seed stage investors with outstanding companies in their portfolio.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Bulgaria Hardware startups, 56 in the past 12 months

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union.The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds;equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds.The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises.EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors.European Investment Bank was founded in 1958 and is based in Luxembourg.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, Ireland

Investor stats

  • Total investments: 202
  • Round size: Post-IPO Debt $6.4M–$536M; Debt Financing $11M–$321M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Valmet — Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries.
  • CTP — CTP NV is a real estate company that owns and develops industrial and logistics parks.
  • Cofina Ivory — Cofina Ivory is a savings and credit institution that operates in the sector of mesofinance.
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Vassil Terziev
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

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.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Bulgaria, United Kingdom

Investor stats

  • Total investments: 21
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Payhawk — Save time and money, manage spend, and scale your business with Payhawk. Get premium Visa Cards, dedicated IBANs, SEPA, and Faster Payments, all in one place.
  • Reloyalty — Get rewarded automatically for staying loyal to local businesses in London
  • UPPER — Upper enables start-ups, businesses, and organizations to find and hire quality tech talent to work full-time, part-time, or hourly
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Ceecat Capital
VC Fund · Schuttrange, Luxembourg, Luxembourg · 1 investments in Bulgaria Hardware startups

We are a highly focused private equity & private credit investment firm that helps small & mid-cap companies achieve strong & sustainable growth

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Geography: Turkey

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Param — Nakit iade avantaj
  • EnduroSat — EnduroSat designs, builds and operates class-leading NanoSats for a range of commercial, exploration and science missions. We focus on inter-satellite connectivity and space data applications
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Hristo Hristov
Angel · Sofia, Grad Sofiya, Bulgaria · 1 investments in Bulgaria Hardware startups

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

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Investment focus

  • Industry: E-Commerce, Software, Advertising
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Bulgaria, Ireland, Romania

Investor stats

  • Total investments: 10
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • ONDO Smart Farming Solutions — Precise drip irrigation management and control, precise plant nutrition and climate control for various crops - ONDO Smart Farming solutions.
  • Releva.ai — AI powered marketing automation for eCommerce Releva enables real-time revenue management with empathetic automated brand communication.
  • Biodit Global Technology JSC — BIODIT Hotel Management System is a solution that makes the management of each hotel more efficient, gives more comfort and tranquility.
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Hardware Investor funding in Bulgaria at a glance

Stats across 7 deals from 8 investors.

8
investors
in Bulgaria Hardware startups
7
deals
in Bulgaria Hardware startups
$54k
median round
in Bulgaria Hardware startups
13%
lead investors
lead at least one round
43%
Seed
most common funding stage
38/63
VC / Angel
share of investor count

Access all 8 investors in Bulgaria Hardware startups.

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