# Top 50 Software Startup Investors in Bulgaria in May 2026

## Eleven Ventures
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 30
- 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: 17
- 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: 6
- 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: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Software, Advertising

Hristo Hristov - Chief Executive Officer @ DarikNews.bg

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

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

Selahattin Zoralioğl

## Moonrock Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Information Technology, Cryptocurrency

Moonrock Capital is a Blockchain Advisory and Investment Partnership based in London and Hamburg.

## 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.

## 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.

## Cavalry Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, SaaS

Cavalry is an early-stage venture capital investor focused on European technology companies.

## 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.

## 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 .

## Morningside Hill Capital Management
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Recruiting, Mobile Apps

Private investment partnership

## Bulgarian Development Bank
- Type: VC Fund
- Location: Sofia, Grad Sofiya, Bulgaria
- Relevant deals: 1
- 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.

## RR² CAPITAL
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed
- Focus: Blockchain, Bitcoin, FinTech

RR2 Capital is a venture capital firm that provides investment services.

## BMW i Ventures
- Type: VC Fund
- Location: Mountain View, California, United States
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Automotive, Software, Manufacturing

BMW i Ventures invests in cutting-edge solutions focusing on BMW’s current and future business in the technology and customer and service space.BMW i Ventures invests in high-performance companies and helps them execute quickly by delivering agile precision—ensuring real-world impact on hardware, software, sustainability across manufacturing,transportation, and services.

## Maven Capital Partners
- Type: VC Fund
- Location: Glasgow, Glasgow City, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Information Technology, SaaS

Maven is one of the UK's leading private equity and investment firms. We provide essential capital and expertise to help businesses unlock their potential.

## 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.

## 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

## 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

## Magnus Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

Magnus Capital is a crypto investment firm.

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

Dejan Pejcic

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

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

## AU21 Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

A fund dedicated to backing the most brilliant minds in the blockchain space

## Lucid Blue Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Blockchain, Gaming, Cryptocurrency

Lucid Blue Ventures operates as a venture capital firm.

## PostScriptum Ventures
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Convertible Note
- Focus: Banking, FinTech, Software

Postscriptum Ventures is a venture capital group with a broad portfolio of sustainable investments. Established in 2006, Postscriptum invests in innovative technology and disruptive business models, with a particular focus on the ongoing (r)evolution of the energy sector. We prefer to invest in early stage ventures where our expertise and experience can leverage our financial investments to help realize the full growth potential of the business.

## 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.

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

CTO at Progress Software Corp.

## 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.

## 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.

## ZBS CAPITAL
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

## Varys Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: FinTech, Blockchain, Cryptocurrency

Varys Capital is a total return fund providing secure access to the digital asset class through its dual approach to investment returns in venture capital.

## METRIX Capital Group
- Type: VC Fund
- Location: Anaheim, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Gaming, FinTech, Internet

METRIX Capital Group was founded in 2011

## Marshland Group
- Type: VC Fund
- Location: Castries, Castries, Saint Lucia
- Relevant deals: 1
- Stages: Seed
- Focus: Cryptocurrency, Blockchain, Information Technology

Marshland Group is a venture capital firm focused on early-stage companies with dynamic teams and disruptive ideas.

## 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.

## Peech Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Corporate Round
- Focus: Cryptocurrency, Gaming, FinTech

Peech Capital is a digital asset fund that specialises in decentralised finance and blockchain startups.

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

Georgi Atanasov

## NewTribe Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Blockchain, Information Technology, Cryptocurrency

NewTribe Capital specializes in early-stage Web3 blockchain investments in Asia, Europe, and MENA. Discover our portfolio, team, etc.

## Pleiade Venture
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Artificial Intelligence

Pleiade Venture is a French Ventrue Capital Company. It supports innovative companies from all sectors, except biotech.

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