Bulgaria is rapidly emerging as a vibrant hub for venture capital activity in Eastern Europe, with a dynamic ecosystem fueled by ambitious entrepreneurs and active investors. The country’s startup scene spans a variety of sectors, from deep tech and fintech to sustainable innovations, backed by a growing network of venture capital firms. This article highlights some of the most active VC firms based in Sofia, Bulgaria, each playing a pivotal role in supporting and scaling groundbreaking companies both regionally and globally. By understanding the investments and leadership driving these firms, we gain insight into the foundations bolstering Bulgaria's startup success stories.

Eleven Ventures

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Daniel Tomov, Ivaylo Simov

• 🔢 Number of Investments: 300-350

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Eilla, Magfi, Pluria

Impetus Capital

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Nikolay Martinov

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Excitel, Bioseek, Shelly

Innovation Capital

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Vassil Christov, Dimitar KostovBorislav Stefanov, Angel Angelov

• 🔢 Number of Investments: 200-250

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Cargenta, Aqualid, Gravital

LAUNCHub Ventures

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Lyuben Belov

• 🔢 Number of Investments: 150-200

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Adadot, Calliper, Fite

Neo Ventures

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Pavel Ezekiev

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Nexd, Testcard, Goodvision

NEVEQ

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Zlatolina Mukova, Konstantin Petrov

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Properati, SPARK, Breaktime

New Vision 3

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Konstantin Petrov, Zlatolina Mukova

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Klear, Nold, Swipe

Sofia Angels Ventures

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Milen Ivanov, George Sidjimkov, Bistra Kirova

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Ondo, Goodvision, Retorio

Vitosha Venture Partners

• 🏦 HQ: Sofia, Bulgaria

• 👨‍💻👩‍💻 Leadership: Maxim Gurvits, Stoyan Nedin, Paul Weinberger, Maris Prii

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Econic One, Omnio, TokWise

Bulgaria's venture capital landscape is marked by diverse and strategic investments, with VC firms actively funding and nurturing innovative ideas. From Eleven Ventures' extensive portfolio to Neo Ventures' targeted investments, these firms are laying the groundwork for the future of entrepreneurship in the region. As the ecosystem continues to mature, the collaboration between investors and startups will be crucial in shaping Bulgaria's influence on the global stage. Whether through tech-driven initiatives or sustainable solutions, these firms are committed to fostering growth and driving impact in the ever-evolving world of business and innovation.