# Renalfa funding: rounds and investors

> Renalfa has raised $370M across 1 round since 2025. Investors include European Bank for Reconstruction and Development and UniCredit.

Source: https://millionrounds.com/company/renalfa (Millionrounds; every figure on the page links to its filing or article)

Bulgaria · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Renalfa*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$370M** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $370M Jul 2025
- **Investors:** 2

See who backed them

## The rounds

- **Jul 2025** Debt **$370M** [European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) [UniCredit](https://millionrounds.com/fund/unicredit) Source recorded

## Founders and team

From Renalfa's own website: 3 founders, 10 on the team.

**Ivo Prokopiev** Founder, Chairman and CEO

**Ivan Nenkov** Co-founder and member of the BoD

**Konstantin Nenov** Co-founder and managing director

- **Kalina Pelovska** Chief Investment Officer
- **Mariyan Yanakiev** Group CFO
- **Anastasia Yaneva** Head of Project Financing
- **Laszlo Modos** Head of Group Development and Country Manager Hungary
- **Andrey Genev** Investment Manager
- **Christo Vanev** Director Business Development
- **George Tecusan** Country Manager Romania
- **Krasen Mateev** Managing Director Solarpro Holding
- **Lidia Shuleva** Chair of the BoD, Renalfa Hydrogen
- **Yuri Katanov** Managing Director

## Everyone who backed them

[European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) Private equity **1** round

[UniCredit](https://millionrounds.com/fund/unicredit) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=renalfa).

## Quick answers about Renalfa

### Who invested in Renalfa?

Renalfa's investors include European Bank for Reconstruction and Development and UniCredit.

### How much has Renalfa raised?

Renalfa has raised $370M across 1 round since 2025.

### When did Renalfa last raise?

Renalfa's most recent round was a Debt of $370M in Jul 2025.

### What was Renalfa's biggest round?

Its most recent round, $370M in Jul 2025, is also its largest on record.

### Who backed Renalfa first?

Renalfa's first round on record, in Jul 2025, was backed by European Bank for Reconstruction and Development and UniCredit.

### What stage is Renalfa at?

Renalfa's latest named round is a Debt, in Jul 2025.

### Where is Renalfa based?

Renalfa is based in Bulgaria.

## Companies like Renalfa

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)

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