Bulgaria's startup landscape features a diverse mix of companies, with particular strength in mobility and financial technology. Many of the country's leading ventures are concentrated in its capital, Sofia.
Aerospace company EnduroSat leads with $77.1M in funding for its satellite services. In the electric vehicle space, AMPECO has attracted $39M to grow its charging management platform.
Below is our list of 53 Bulgaria startups worth keeping an eye on.
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Get the Sheet for $50EnduroSat builds smallsats and CubeSats to provide fixed-cost space services for a range of clients. Their team has delivered over 120 satellites and supports missions for major organizations like NASA and the European Space Agency.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2015 |
| Founders | Raycho Raychev, Stanimir Gantchev |
| Funding Amount | $77.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | European Investment Bank, Founders Fund, Ceecat Capital, Morphosis Capital, EASME |
Best Wallet developed a crypto wallet that delivers real-time market updates and sentiment analysis. The platform helps users buy and sell cryptocurrencies more effectively by integrating these key trading insights.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | — |
| Founders | — |
| Funding Amount | $16.2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Initial Coin Offering |
| Top Investors | — |
AMPECO builds an EV charging management platform that enables businesses to operate and scale their own charging networks. Their white-label software is designed for charge point operators and e-mobility providers looking to offer branded charging services.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2018 |
| Founders | Alexander Alexiev, Orlin Radev, Stefan Ivanov |
| Funding Amount | $39M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | LAUNCHub Ventures, Revaia, NAP, BMW i Ventures |
Kikimora develops a holistic vulnerability management solution to help businesses stay ahead of cyber threats. Their platform uses machine learning to automate the process of identifying, prioritizing, and managing security vulnerabilities.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2018 |
| Founders | Krasimir Kotsev |
| Funding Amount | $1.2M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | SeedBlink, Impetus Capital, Vitosha Venture Partners |
TBI Bank provides retail and small business banking solutions in Southeast Europe, combining digital platforms with a network of physical locations. They are also a leader in alternative payments, offering a Buy Now, Pay Later solution to a large network of merchant partners.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2002 |
| Founders | — |
| Funding Amount | €34M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
Software Group creates digital banking and integration solutions for financial institutions around the world. Their core platform, DigiWave, is designed to help these organizations modernize their services and customer experiences.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2009 |
| Founders | Geraldine O'Keeffe, Kalin Radev |
| Funding Amount | €35.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | European Investment Bank, BrightCap Ventures, BlackPeak Capital, PostScriptum Ventures, International Aviation Services |
Seo.Domains curates the world's largest marketplace of expired domains for SEO professionals and marketers. Their platform allows users to purchase domains with established authority, giving them a head start on building search engine rankings.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2017 |
| Founders | Kalin Karakehayov, Metodi Darzev |
| Funding Amount | $325k |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Product Crowdfunding |
| Top Investors | Promethiem, CentralNic |
IRIS Solutions has built an Open Banking platform for secure payment initiation and account information services. As a licensed EU payment institution, they give businesses the API tools needed to integrate direct bank payments and financial data into their products.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2018 |
| Founders | Galya Dimitrova, Mihael Mihaylov |
| Funding Amount | €1.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Innovation Capital, New Vision 3 |
The Recursive delivers news and analysis on the technology and startup ecosystem throughout Southeast Europe. Their community-born platform gives a voice to the region's emerging innovators and maps its growth.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2021 |
| Founders | Etien Yovchev, Irina Obushtarova |
| Funding Amount | €450k |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | — |
Nasekomo has developed a process that uses insects to transform organic waste into high-quality animal feed. This bioconversion technology provides an alternative protein source for the agricultural sector and helps create a more sustainable food chain.
| Headquarters | Sofia, Grad Sofiya, Bulgaria |
| Year Founded | 2017 |
| Founders | Marc Bolard, Olga Marcenac, Xavier Marcenac |
| Funding Amount | €22.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | European Union, New Vision 3, Chivas Venture, Morningside Hill Capital Management, Invenio partners |
43 Additional Bulgaria Startups Worth Following
The top 10 are just a small slice of what’s happening in Bulgaria right now. Many more founders are building new companies in areas like Fintech and SaaS, together raising hundreds of millions to get started.
Some are early in their journey, while others are scaling fast. Here’s a look at the rest of the startups shaping Bulgaria's startup ecosystem.