# Top 25 Internet Startup Investors in Bulgaria in May 2026

## Eleven Ventures
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 18
- 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: 9
- 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. 

## Impetus Capital
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 3
- 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.

## Vitosha Venture Partners
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Marketplace, Apps

Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria

## Hristo Hristov
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Software, Advertising

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

## Openfund
- Type: VC Fund
- Location: Athens, Attiki, Greece
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Travel, E-Commerce

Openfund is a new seed capital venture, focusing on start-ups around software, mobile and the web. Based in Athens, Greece, the Openfund brings together an exceptional team of executives, an extensive list of advisors and a number of passionate investors to provide everything a team of entrepreneurs needs to turn ideas into products and success.

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

Miodrag Stankovic

## Maven Capital
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Gaming, Software

We fund, support and advise ambitious cryptocurrency startups from seed to beyond.

## Stanimir Vassilev
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Farming, FinTech, Payments

Stanimir Vassilev is the Co-Founder of Management Financial Group. He attended INSEAD .

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

Dejan Pejcic

## HR Capital
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Marketing, E-Commerce

A privately held investment vehicle

## European regional development fund (ERDF)
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

## 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

## Neo Gravity
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Pet, Craft Beer, Veterinary

Neo Gravity is the 4th successive investment fund of serial entrepreneurs active in Southeast Europe since 2005.Investment strategy is to build increasing stakes in high-end consumer goods & services providers and in personal mobility. Investee companies and targets may be based in SEE but operate on a global scaleRapid digitalization ofthe global economy, convergence of EM economies to Western standards and spread of the pandemic have changed the purchasing behavior of the connected consumer.

## Zoran Arsovski
- Type: Angel
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- 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.

## 3TS Capital Partners
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Internet, SaaS

3TS Capital Partners is a European technology focused private equity and venture capital firms. 3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including technology & internet, media & communications and technology-enabled services. Investors in the current and past 3TS fundstotaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.Its team of highly qualified experts become active business partners of the portfolio companies and deliver substantial value added beyond financing. When analyzing new investment opportunities and supporting portfolio companies, the company often augment its core team by its sector partners, various co-investors and other industry experts. 3TS is also an active member of several international industry associations and other organizations like EVCA – European Private Equity & Venture Capital Association, the International Venture Club and the Draper Venture Network.

## Skynet Trading
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Blockchain, Financial Services, Cryptocurrency

Skynet Trading is a digital assets trading and investment firm in the crypto capital market.

## Petr Baron
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Internet, Marketing

Petr Baron CEO TBI Financial Services

## Ascensive Assets
- Type: VC Fund
- Location: Seoul, Seoul-t'ukpyolsi, South Korea
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Gaming

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

## 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.

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

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

## 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.

## Denis Gorbunov
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Internet, Marketing, E-Commerce

Denis Gorbunov

## SFC Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Artificial Intelligence

SFC Capital, the UK's most active seed investor (PitchBook, 2020), provides capital and support to British startups. By combining its Angel Network and Seed Funds, SFC has created a unique model that allows investors to get exposure to SEIS- and EIS-qualifying businesses, either directly or through a diversified portfolio curated and managedby SFC’s expert team. In 2020, SFC received a £10m allocation from Business Investments as part of the Regional Angels Programme in support of SFC's mission to back promising early-stage companies from every corner of the UK.SFC Capital is an Appointed Representative of SFC Capital Partners Ltd which is authorised and regulated by the UK Financial Conduct Authority (FRN 736184).

## MetaCartel Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

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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