Sofia's startup ecosystem features a diverse mix of companies across many sectors, including mobility and financial technology. The city is a growing hub for businesses attracting substantial investment.
Aerospace company EnduroSat has secured $77.1M in funding to build its satellite technology. AMPECO is also developing EV charging management platforms with $39M in backing.
Below is our list of 53 Sofia startups worth keeping an eye on.
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Get the Sheet for $50EnduroSat builds nanosatellites and provides space services for business and science teams. Their shared satellite service gives customers access to in-orbit data without the cost and complexity of launching their own hardware.
| 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 develops a crypto wallet that gives users the tools to buy, sell, and manage digital assets. Their platform stands out by providing market sentiment and real-time updates to help users trade more effectively.
| Year Founded | — |
| Founders | — |
| Funding Amount | $16.2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Initial Coin Offering |
| Top Investors | — |
AMPECO offers a white-label EV charging management platform that enables businesses to launch and scale their own charging networks. Their software provides charge point operators with the tools to manage everything from customer billing and payments to smart energy management.
| 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 has created a platform for security teams to manage and prioritize digital vulnerabilities across their entire organization. Their SaaS solution uses machine learning to identify and rank threats, allowing teams to focus on the most critical fixes.
| 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 delivers banking solutions to retail and business customers throughout Southeastern Europe. Their team focuses on alternative payment methods, making them a leader in the region's Buy Now, Pay Later market.
| Year Founded | 2002 |
| Founders | — |
| Funding Amount | €34M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
Software Group builds digital banking and integration solutions for the global financial sector. Their enterprise-grade platform, DigiWave, helps financial service providers digitize their operations and accelerate their transformation.
| 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 runs the world's largest marketplace for expired domains, connecting SEO professionals with valuable web properties. Their service allows users to acquire domains with pre-existing authority, giving new projects a significant advantage in search engine rankings.
| 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 develops Open Banking infrastructure for businesses to embed financial services directly into their applications. As a licensed EU payment institution, they provide tools for account information access and payment initiation.
| 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 |
They run a digital media publication focused on the technology and startup scene in Southeast Europe. The platform provides news, analysis, and stories for the region's community of innovators, entrepreneurs, and investors.
| Year Founded | 2021 |
| Founders | Etien Yovchev, Irina Obushtarova |
| Funding Amount | €450k |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | — |
Nasekomo uses bioconverting insects to turn organic waste into a sustainable source of animal feed. Their insect-derived proteins and oils offer an alternative for the agriculture and aquaculture sectors, helping to close the loop in the food chain.
| 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 Sofia Startups Worth Following
The top 10 are just a small slice of the activity across Sofia right now. Founders are building in many different areas, from fintech to enterprise software, and have raised over $400 million together. You'll find companies that have been around for decades alongside ones that were founded just last year. Below is a look at the other startups that make Sofia's ecosystem so vibrant.