Venture Capital Companies in Bulgaria

Aster Digital Ventures is a venture capital firm focused on the development of new digital business models in emerging markets. The company is engaged in the development of early stage companies in Eastern Europe, LatAm and Asia.

Alfastar Capital provides patient, intelligent capital to Europe's most ambitious deep-tech founders. As an evergreen venture capital fund, our structure is our strategy. We have engineered a model that escapes the limitations of the traditional 10-year fund cycle, allowing us to align our timeline with the true pace of innovation. By recycling capital and providing a flexible, long-term horizon, we empower our portfolio companies to achieve their full potential, maximizing returns for our partners. We invest in foundational technologies across sectors like DeepTech, CleanTech and Industry 4.0/5.0, backing visionary founders for the long run. Fund Manager: AlfaStar Ventures (https:.//alfastar.ventures)

Alfastar Ventures is the strategic architect of a new model for European deep-tech. We don't just invest; we build the ecosystem where enduring companies are forged. By integrating our evergreen fund, Alfastar Capital EuVECA, with our founder development engine, Innovatia Studio, we have created a superior structure for generating long-term value. We set the vision, provide the governance, and orchestrate the synergy between patient capital and systematic founder support. Our mission is to build the premier platform for creating the next generation of European technology champions. ✉️ Send us your: pitch@alfastar.ventures

Bulgarian Angels Club (ex-CEO Angels Club) is a group of senior executives and entrepreneurs related to Bulgaria investing their own money in early stage startups in return for equity. Our members make their own investment decisions and they can invest together or individually. They also provide expertise, contacts and pro-active mentorship to increase company value. The Club looks for early stage, normally post-accelerator startups that are highly scalable and that can show us how the company will get to break-even or to a clear meaningful mile stone (e.g.Seed or Series A.Funding) within 12-24 months on the basis of our one-time investment. This typically means smallish teams (2 to 5 people), with serious domain expertise and a product that is either currently in the market or already in beta.

CEE CHIPS Investment Network connects investors from all over the world with businesses from Central and Eastern Europe seeking funding through a secure online environment for collaboration and communication. The investors in the network consist of business angels, venture capital funds, private equity funds and strategic investors.

Digitalization and integration of new technologies Foundation (DINT Foundation), UIC 205017913, was created in the beginning of 2018 with the aim to support and develop digital ecosystems and entrepreneurship in Bulgaria. Our mission is to carry out a total digital transformation in Bulgaria in the forthcoming decade.

Invenio Partners manages a private equity and growth equity fund focused on investments in Southeast Europe. We have experience in promoting and helping companies realize their full potential and enhance their performance by providing growth capital, strategic guidance, and operating support to strong management teams. We discover companies with a solid track record and potential for a leadership position in their respective industry with competitive business models and an experienced management team. The team brings together extensive international operating experience, expertise and deep industrial knowledge, along with a comprehensive understanding of SME strategic management and finance. We have a proven track-record of both investing in and managing companies in Bulgaria, including raising substantial amounts of money from a range of investors (high net worth individuals, banks, funds etc.) and completing exits to international strategic buyers. Playing vital role in helping companies achieve their potential, we uncover value by identifying great organizations and enhancing their performance by providing growth capital, strategic contribution and operating support to strong management teams.

Neo Ventures is an evergreen open-end deep tech fund backing innovators in new space operations, digital health solutions, and digital security. For almost a decade, we have been backing artificial intelligence and machine learning startups to develop and deploy reliable and scalable data solutions serving billions today. Neo Ventures funds and supports the founders in business planning, scaling operations, follow-on investments, making the best of each opportunity and dealing with hard situations. Neo's founders have backed more than 40 startups and exited 20 successfully.

A Bulgarian JSC, licensed by the Financial Supervision Commission (“FSC”) since 2022. The company is responsible for the setup, investment management, investor relations, administration, compliance and regulatory oversight and reporting services for three alternative investment funds: Equity Investment Fund Serdica, Debt Fund Serdica and Serdica Venture Capital Fund. The management team has extensive financial and capital markets expertise, track record covering all aspects of fund management – from fundraising and co-investments to origination, structuring, closing and management, incl. risk management. It managed some of biggest deals in the Bulgarian debt and equity capital markets. Serdica Capital is oriented towards growth and performance through the integration of knowledge, accountability and openness to new horizons. We provide also discretionary portfolio management services tailored according to individual customers’ requirements. We add value connecting businesses and capital, deliver tailored solutions to investors and use our wide personal network to take ideas international.

Venture accelerator and investment gateway focused on Southeastern Europe, enabling determined, visionary startups, scaleups and forward-thinking investors through tailored, end-to-end services. Supporting founders become investment-ready, secure funding, and accelerate growth with expert advising, strategic fundraising, M&A support, and access to educational and support programs. For investors and VC funds, offers curated deal flow, co-investment opportunities, syndicate and portfolio management, and venture partner collaborations. With a focus on emerging markets and ambitious endeavours across tech sectors, the mission is to bridge the gap between innovation and capital - empowering transformative ventures and building a thriving, impact-driven innovation entrepreneurship ecosystem.

VEDA Capital is a private investment company and family office led by the founders of VEDA's group of companies. We focus on empowering early-stage tech startups by providing capital at the pre-seed and seed stages, helping turn innovative ideas into impactful ventures.

Eleven is one of the leading early-stage VCs in Southeast Europe, investing in startups since 2012. With 150 collective investments over 10 years, Eleven’s team has been instrumental in catalyzing the regional startup ecosystem. Eleven supports tech companies in five priority verticals - Fintech, Healthcare, Future of Work, Future of Food and Ecomtech. Some of the startups which Eleven has backed include Payhawk, Gtmhub, Dronamics, SMSBump, Kanbanize and Nitropack.

The Bulgarian Private Equity and Venture Capital Association (BVCA) is the focal point of private investors, venture capital funds and the entrepreneurial community in Bulgaria. The Association will work alongside its members to improve the business environment and drive innovation and growth. BVCA is committed to popularizing the role of private investment as a reliable and sustainable source of funding for innovative start-ups in Bulgaria and the region. The Association will collect comprehensive data on investment activity in Bulgaria and communicate it with its members, the political and institutional communities, as well as with the general public. Giving voice to the venture community, BVCA will advocate on behalf of the industry to ensure sound public policy that encourages a favorable investment environment.

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During the past 12 years Founders Games has been established as the premier scaleup innovation competition with the world’s biggest funding award of $6.000.000 provided by 750+ investors in the publicly listed company - Webit Investment Network - WIN. Every season of the competition 3000+ companies from 140+ countries apply. The companies selected by the jury have the opportunity to present their innovative solutions to a curated investors' panel and compete at the Grand Finals during COP28, in Dubai, in December 2023! The event will bring together the best founders, the world's top investors, corporate leaders and media to identify and endorse the cutting edge innovations and impact entrepreneurs globally.

Impetus Capital is an independent alternative investment fund manager. Impetus invests in companies in early and growth stages with strong innovative patterns which create new demand or new business and operational models with superior offerings to their clients with no or limited competition in these markets. Impetus Capital leverages capital deployed with robust post-investment operational enhancement role, thus accelerating growth and value creation.

LAUNCHub Ventures is a leading early-stage venture capital fund, supporting technology startups in the Seed and Series A funding stages. We invest in Central and Southeastern Europe (SEE & CEE), as well as in companies built by ambitious founders from that region who are based in the leading startup hubs around the world. Our initial investments are between €300K and €2M, leading investment rounds up to €4M. We also have the capacity to continue supporting the funding needs of our portfolio companies in future rounds. We are looking for scalable businesses with initial traction and passionate founders originating from South-Eastern Europe and the broader CEE region. We are valued by our portfolio companies not just for the money we invest, but for the wide variety of assistance we provide to move a venture forward. Many of our portfolio companies have already benefited from our 'Series A academy' program, helping them reach their milestones and successfully raise follow-up A rounds. At LAUNCHub we don’t just "do business" with our founders, we’re partners on a journey to a brighter future. Since 2012 we have been growing the CEE startup ecosystem and today we are excited to have some of the biggest VC firms in Europe and the US follow our investment into our portfolio.

New Vision 3 is a venture capital fund investing in early stage tech-enabled companies working at the forefront of innovation. Our vision is to be the preferred partner to visionary entrepreneurs who add value to the Bulgarian and regional economies. The fund is founded and managed by a seasoned team with a decade of joint track record in start-up and tech investments. We continuously support, commercialize and globalize the regional tech ecosystem. We support founders creating future industry trends in FinTech, AI, Blockchain and Shared Economy. New Vision 3 Fund is co-financed by the European Structural and Investment Funds under the Operational Programme for Innovation and Competitiveness 2014-2020 managed by the Fund of Funds in Bulgaria

With ever-increasing disposable income, Millennials and Gen Z consumers are the ones whose purchasing decisions will shape the future of the household expenditure basket. We have identified several key trends outlining the spending behavior of Millennial and Gen Z consumers in major household expenditure areas. Those trends cause massive shifts towards new products and services in rapidly growing micro-industries. We support brave Brands in novelty FMCG and Mobility!

Sofia Angels Ventures is a € 13 million venture capital fund backed up by the European Investment Fund to co-invest alongside angels, family offices and other private investors and funds. We focus on technology startups at pre-seed & seed stage predominantly from Bulgaria, SEE & CEE countries but with a vision to operate around Europe and Globally. Sofia Angels Ventures is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

BattlePass Studio is a startup studio that builds & grows new companies in the CEE region with a clear focus on the esports, gaming & entertainment industries.

👔📺 Our long-lasting experience in traditional business, as well as the founding of the largest digital media group in the last 16 years makes us a very sought after partner for the innovative companies in Bulgaria and the region. 🚀 We invest both in individual companies and in funds, which diversifies our portfolio and lowers the risk. We have many investments in companies and funds. Two of the fund’s investments are completely paid off, while the third one is at the commitment stage. 📈 We invest in companies, whose businesses can be significantly grown by us using our know-how, our team and access to different markets. Being a family media company we have significant knowledge in marketing and sales (sought after by many startups) and we are good at using the audience, which we reach for promotion of innovative goods and services. 💯

Venture capital fund focused on Pre-Seed (EUR 25,000-50,000) and Seed (up to EUR 1,000,000) funding rounds. We are sector agnostic with preference for scaleable and innovative business models.

Private Investment Holding

Helping startups to fundraise and reach their full potential. FOR INVESTORS: Discover Your Next Great Investment Opportunity with Us

Investing in high impact businesses to shape a brighter future

Vitosha Venture Partners is a fund and entrepreneurship ecosystem development company focused on emerging Europe.

We help entrepreneurs uncover their true potential as they go from vague idea to growing business. We provide early stage investment and help companies build sustainable and scalable businesses.