# Top 50 Startup Investors in Bulgaria in May 2026 ## Eleven Ventures - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 76 - 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: 36 - 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. ## Vitosha Venture Partners - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 16 - Stages: Seed, Pre-Seed - Focus: Software, Marketplace, Apps Vitosha is a EUR 26m early-stage VC fund investing in innovative businesses in Bulgaria ## Impetus Capital - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 11 - 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. ## 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 ## Neo Gravity - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 4 - 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. ## BrightCap Ventures - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 4 - 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. ## Speedinvest - Type: VC Fund - Location: Vienna, Wien, Austria - Relevant deals: 4 - 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. ## 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. ## 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 ## North Base Media - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Digital Media, Advertising, Publishing NBM is a specialized firm that successfully pioneered global digital-media investing over the last decade, backing successes like IDN Media in Indonesia, Pocket Aces in India, TheNewsLens in Taiwan and Capital Digital in Mexico. Its first venture fund, launched in 2015, consistently ranks in the top quartile of media and global venture funds. TheFund, which has been backed by several of the world’s leading media brands, is now open to other investors as its investment team moves to take advantage of the sudden rise of opportunities and new valuations in the global media landscape. NBM’s co-founders are Marcus Brauchli, the former top editor at The Washington Post and The Wall Street Journal; Sasa Vucinic, the longtime CEO of the Media Development Investment Fund (MDIF). The firm’s general counsel is Stuart Karle, former COO of Reuters and General Counsel of the Journal. ## New Vision 3 - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 3 - Stages: Seed - Focus: Solar, Consulting, Reservations New Vision 3 is an Early-stage Venture Capital fund. ## Michael Gutsmann - Type: Angel - Relevant deals: 2 - Stages: Seed, Convertible Note - Focus: Farming, Livestock, Agriculture Michael Gutsmann is a CFO at Bigpoint. ## 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. ## Petr Baron - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed - Focus: FinTech, Internet, Marketing Petr Baron CEO TBI Financial Services ## 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. ## 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. ## Bulgarian Development Bank - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 2 - Stages: Pre-Seed, Debt Financing - Focus: Finance, Software, Health Care Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB" with a positive outlook by Fitch Ratings. It isthe only Bulgarian bank to provide direct financing as well as financing via other credit institutions. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiaries are the National Guarantee Fund, which issues guarantees for bank loans to the non-financial sector; the Micro Financing Institution Jobs, which provide financing to SMEs and start-ups; the Capital Investments Fund as well as the BDB Leasing and BDB Factoring. ## 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. ## 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. ## South Central Ventures - Type: VC Fund - Location: Belgrade, Vojvodina, Serbia - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, SaaS, Artificial Intelligence South Central Ventures is dedicated to investments in startups, small and medium globally oriented technology companies in SE Europe. ## European Investment Bank - Type: VC Fund - Location: Luxembourg, Luxembourg, Luxembourg - Relevant deals: 2 - 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. ## 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. ## Skynet Trading - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Series A - Focus: Blockchain, Financial Services, Cryptocurrency Skynet Trading is a digital assets trading and investment firm in the crypto capital market. ## 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. ## 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. ## 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. ## Denis Gorbunov - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: Internet, Marketing, E-Commerce Denis Gorbunov ## 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. ## NEVEQ - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 2 - Stages: Seed, Series A - Focus: SaaS, Mobile, Analytics NEVEQ (New Europe Venture Equity) is a venture capital fund focused on seed and early stage investments enabling companies to scale and reach growth stage. The fund has invested among others in business intelligence, travel technology, semantic technology, social media, telecommunication solutions and data center businesses. ## 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. ## Thomas Peruzzi - Type: Angel - Location: Hamburg, Hamburg, Germany - Relevant deals: 2 - Stages: Seed, Convertible Note - Focus: Farming, Livestock, Agriculture Thomas Peruzzi - CTO @ Virtual Minds ## Selahattin Zoralioğl - Type: Angel - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed - Focus: Computer, Software, Web Apps Selahattin Zoralioğl ## Georgi Brashnarov - Type: Angel - Relevant deals: 1 - Stages: Seed Georgi Brashnarov is a member of the ICT cluster management board. ## 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 ## 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. ## Martin Markov - Type: Angel - Relevant deals: 1 - Stages: Seed Martin Markov is the CEO at Appolica. Martin attended Sofia University St. Kliment Ohridski. ## Karoll - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 1 - Focus: Energy, GreenTech Karoll offers a wide range of financial products and services that include asset management, insurance, land banking, and equity financing. ## 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. ## Integral Venture Partners - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Series A Private equity and growth capital investments firm focused on the Evolving Europe region and operating out of hubs in London, Budapest, and Belgrade ## 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 . ## Ralitsa Ivanova - Type: Angel - Relevant deals: 1 - Stages: Seed Ralitsa Ivanova is a CEO & Co-Founder at Tribie. ## 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. ## Nina Capital - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Health Care, Artificial Intelligence, Medical We deploy early stage capital to fuel the growth of need-driven health technology companies. ## Calm/Storm Ventures - Type: VC Fund - Location: Vienna, Wien, Austria - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Health Care, Wellness, Medical Calm/Storm is an exclusive founder network and venture capital firm. We invest in purpose driven founders changing our life & health for the better. Headquartered in Vienna, Austria we invest in early-stage companies all over Europe and the US. We focus on the pre-seed and seed stages but also invest up to Series A. ## 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. ## Heslin Kim - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: Cryptocurrency, Gaming, FinTech Heslin Kim is the founder and CEO of Blockchain ROK. ## 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. ## Wingman Campus Fund - Type: VC Fund - Location: Zürich, Zurich, Switzerland - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Information Technology, Artificial Intelligence, Analytics Wingman Campus Fund aims to educate students and support entrepreneurs to disrupt the startup culture on campuses, producing the next generation of tech leaders, and creating more value for society. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co