Bulgaria's startup ecosystem is supported by several active funds, primarily located in Sofia. Innovation Capital is a major player, having backed 200 companies across different sectors.

Vitosha Venture Partners has also funded nearly 40 startups since its start in 2020. These firms provide a range of options for founders looking for support.

Below is our list of the best 4 accelerators and incubators in Bulgaria.

Failory's Top 4 Picks

Innovation Capital fuels pre-seed and seed startups across Eastern Europe through its €21.1 million venture fund and acceleration program. Their sector-agnostic approach has allowed them to build a diverse portfolio of over 200 companies, providing them with crucial early-stage capital and hands-on support.

Year Founded2019
FoundersVassil Christov, Borislav Stefanov, Angel Hristov, Dimitar Kostov
Nº of Investments200
Nº of Exits

Vitosha Venture Partners operates a €20 million fund dedicated to fueling the growth of Bulgarian startups from acceleration to post-seed stages. Their focus is on providing essential capital and strategic guidance to help early-stage teams build and scale their businesses.

Year Founded2020
FoundersNikola Stojanow, Paul Weinberger, Erik Anderson, Marin Iliev, Maxim Gurvits, Maris Prii
Nº of Investments37
Nº of Exits

AE Ventures operates as a venture studio, building and investing in blockchain projects from their earliest stages. They provide deep, hands-on support in development, marketing, and fundraising to launch startups, including notable portfolio companies like AdEx Network.

Year Founded2017
FoundersNikola Stojanow
Nº of Investments7
Nº of Exits
Program TypeOnline
Duration (Weeks)5
Starfleet Logo

Focused on expanding the æternity ecosystem, Starfleet helps launch and scale startups building decentralized applications on the platform. They provide ventures with seed funding, intensive mentorship from industry experts, and access to a global network of partners.

Year Founded
Founders
Nº of Investments1
Nº of Exits
Program TypeOn-Site
Duration (Weeks)1