# Top 25 Hardware Startup Investors in Bulgaria in May 2026

## Eleven Ventures
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 15
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Software, SaaS, Information Technology

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

## LAUNCHub Ventures
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Software, SaaS, Enterprise Software

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

## 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.

## SeedBlink
- Type: VC Fund
- Location: Bucharest, Bucuresti, Romania
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, SaaS

SeedBlink is a platform for startup investments. Invest in startups by having the benefits of crowdfunding, the flexibility of angel investors, and the VC structure.

## Impetus Capital
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Convertible Note
- Focus: Software, Information Technology, Life Science

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.

## Freigeist Capital
- Type: VC Fund
- Location: Bonn, Nordrhein-Westfalen, Germany
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Food and Beverage, Transportation

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

## Neo Ventures
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Aerospace

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.

## 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.

## 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.

## Speedinvest
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

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.

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

Dalibor Jevtic

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

Miodrag Stankovic

## Strategic Development Fund
- Type: VC Fund
- Location: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Aerospace, Drones, Sensor

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.

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

Selahattin Zoralioğl

## 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

## Svetozar Georgiev
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- 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.

## BrightCap Ventures
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, SaaS

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

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

Dejan Pejcic

## TechOne VC
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Information Technology

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.

## Bogomil Balkansky
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- 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.

## 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.

## European Investment Bank
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Biotechnology, Health Care, Software

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.

## 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.

## Ceecat Capital
- Type: VC Fund
- Location: Schuttrange, Luxembourg, Luxembourg
- Relevant deals: 1
- Focus: FinTech, Finance, Payments

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

## Hristo Hristov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Software, Advertising

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

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