# Investors based in Bulgaria (2026 list)

> 112 investors based in Bulgaria, 3% active in the last 12 months. Led by LAUNCHub Ventures, Innovation Capital, Black Peak Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-bulgaria (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Bulgaria

Updated 7 November 2026

Firms headquartered in Bulgaria, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Bulgaria.

[See all 112 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-bulgaria)The top 25

**112** investors on the list No change this week

**9** cheques in 12 months Too few cheques to tell

**$6.3M** median round they joined *-21%* against the market median

**3%** wrote a cheque in 12 months

**1%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (3)

- 1 [LAUNCHub Ventures](https://millionrounds.com/fund/launchub-ventures) *Deploying now* VC firm · Bulgaria **54** **$3.4M** median round **Oct 2026** last seen
- 2 [Innovation Capital](https://millionrounds.com/fund/innovation-capital) quiet Accelerator · Bulgaria **15** **$11M** median round **Jun 2015** last seen
- 3 [Black Peak Capital](https://millionrounds.com/fund/blackpeak-capital) *Deploying now* Private equity · Bulgaria **4** **$29M** median round **Apr 2026** last seen
- 4 [Teres Capital](https://millionrounds.com/fund/teres-capital) quiet VC firm · Bulgaria **4** **$2.2M** median round **Apr 2014** last seen
- 5 [Neo Ventures](https://millionrounds.com/fund/neo-ventures-2) *Deploying now* VC firm · Bulgaria **2** **$141M** median round **Aug 2026** last seen
- 6 [Empower United](https://millionrounds.com/fund/empower-united) quiet Corporate VC · Bulgaria **1** **$20K** median round **Nov 2011** last seen
- 7 [KOWN](https://millionrounds.com/fund/kown) quiet VC firm · Bulgaria **1** **-** median round **May 2015** last seen
- 8 [StartItSmart](https://millionrounds.com/fund/startitsmart) quiet Accelerator · Bulgaria **1** **$10K** median round **May 2012** last seen
- 9 [EuroCapital Finance](https://millionrounds.com/fund/eurocapital-finance) quiet Investment firm · Bulgaria **1** **$9.3M** median round **Dec 2005** last seen
- 10 [6ix Capital](https://millionrounds.com/fund/6ix-capital) unknown Private equity · Bulgaria **none observed** **-** median round **-** last seen
- 11 [AE Ventures](https://millionrounds.com/fund/ae-ventures-2) unknown Accelerator · Bulgaria **none observed** **-** median round **-** last seen
- 12 [AG Capital](https://millionrounds.com/fund/ag-capital-4) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 13 [AP Capital AD](https://millionrounds.com/fund/ap-capital-ad) unknown Private equity · Bulgaria **none observed** **-** median round **-** last seen
- 14 [Abacus & Partners](https://millionrounds.com/fund/abacus-and-partners) unknown Hedge fund · Bulgaria **none observed** **-** median round **-** last seen
- 15 [Adamant Capital Partners AD](https://millionrounds.com/fund/adamant-capital-partners-ad) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 16 [Alaric Securities](https://millionrounds.com/fund/alaric-securities) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 17 [AlfaStar Capital, EuVECA](https://millionrounds.com/fund/alfastar-capital-euveca) unknown VC firm · Bulgaria **none observed** **-** median round **-** last seen
- 18 [AlfaStar Ventures](https://millionrounds.com/fund/alfastar-ventures) unknown VC firm · Bulgaria **none observed** **-** median round **-** last seen
- 19 [Anbema-Plus](https://millionrounds.com/fund/anbema-plus) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 20 [Anthology Ventures](https://millionrounds.com/fund/anthology-ventures) unknown Venture studio · Bulgaria **none observed** **-** median round **-** last seen
- 21 [BNP Paribas Personal Finance EAD](https://millionrounds.com/fund/bnp-paribas-personal-finance-ead) unknown VC firm · Bulgaria **none observed** **-** median round **-** last seen
- 22 [Balkan Capital Management](https://millionrounds.com/fund/balkan-capital-management) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 23 [BattlePass Studio](https://millionrounds.com/fund/battlepass-studio) unknown Venture studio · Bulgaria **none observed** **-** median round **-** last seen
- 24 [Black Sea Capital](https://millionrounds.com/fund/black-sea-capital) unknown Investment firm · Bulgaria **none observed** **-** median round **-** last seen
- 25 [Block Labs](https://millionrounds.com/fund/block-labs) unknown Accelerator · Bulgaria **none observed** **-** median round **-** last seen

**87 more on this list**

All 112 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-bulgaria)

## The Newest Cheques

Rounds this list's investors joined most recently

- **1** Oct **[1club](https://millionrounds.com/company/1club)** Seed · $2.5M *With* [LAUNCHub Ventures](https://millionrounds.com/fund/launchub-ventures)
- **22** Sept **[FintechOS](https://millionrounds.com/company/fintechos)** Growth · $28M *With* [LAUNCHub Ventures](https://millionrounds.com/fund/launchub-ventures)
- **16** Sept **[Veridion](https://millionrounds.com/company/veridion)** Series A · $20M *With* [LAUNCHub Ventures](https://millionrounds.com/fund/launchub-ventures)
- **18** Aug **[Wispr](https://millionrounds.com/company/wispr)** Series B · $280M *With* [Neo Ventures](https://millionrounds.com/fund/neo-ventures-2)
- **23** Apr **[Fasal Bio](https://millionrounds.com/company/fasal-bio)** Growth · $8.2M *Led by* [Black Peak Capital](https://millionrounds.com/fund/blackpeak-capital)
- **1** Apr **[nFuse.ai](https://millionrounds.com/company/nfuse-ai)** Seed · $2M *With* [LAUNCHub Ventures](https://millionrounds.com/fund/launchub-ventures)

## Stages This Year

9 rounds

- Growth **22%**
- Seed **22%**
- Series A **22%**
- Series B **22%**
- Venture **11%**

## What They Backed

Sectors, last 12 months

- AI **5**
- Software **2**
- Biotech **1**
- Cleantech **1**
- Consumer Goods **1**
- Chemicals & Materials **1**

## Cheques by Quarter

Led Joined

3 Q1 25

3 Q2 25

Q3 25

1 Q4 25

1 Q1 26

3 Q2 26

3 Q3 26

1 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states)
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- [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada)
- [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india)
- [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany)
- [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china)
- [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates)
- [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia)
- [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Bulgaria

### Who are the most active investors based in Bulgaria?

By cheques observed, the most active are LAUNCHub Ventures, Innovation Capital, Black Peak Capital, Teres Capital and Neo Ventures.

### How many investors based in Bulgaria are there?

112 are on record. 3% made an investment in the last 12 months and 1% have led a round.

### Which stages do investors based in Bulgaria back?

Of the rounds with a named stage in the last 12 months, mostly Growth (25%) and Seed (25%).

### How big are the rounds investors based in Bulgaria join?

The typical (median) round among the leading investors here is $9.3M.

### Which sectors do investors based in Bulgaria back most?

In the last 12 months, mostly AI, Software and Biotech.

### What have investors based in Bulgaria invested in recently?

Recent rounds include 1club (Seed, Oct 2026, with LAUNCHub Ventures), FintechOS (Growth, Sept 2026, with LAUNCHub Ventures) and Veridion (Series A, Sept 2026, with LAUNCHub Ventures).

### How is this list of investors based in Bulgaria ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

### Can I see all 112 investors based in Bulgaria?

The top 25 are here. All 112 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)