We back founders building from Bulgaria to the World
From seed to scale, we work alongside founders with global ambitions and Bulgarian operations to accelerate growth, unlock opportunity, and build enduring companies
What you get beyond the check.
Proven Track
Record
Since 2020, we have invested in 107 early-stage startups through Fund I, managing €26M and building one of the most active venture portfolios in Bulgaria. Our companies generate over €50M in annual revenue, supported by a strong co-investor network and early access to high-quality deal flow.
Focused Early-Stage
Strategy
With Fund II, we invest in pre-seed, seed and Series A startups building next-generation solutions with high growth potential. While industry agnostic, we tend toward B2B solutions in AI enablement, automation, commerce, defense, energy sustainability, and financial technologies. We enter early at attractive valuations and apply a structured playbook to drive efficient capital deployment and scalable growth.
Network & Value
Creation Platform
Our team combines deep local market presence with global investment experience. Through strategic support, international investor relationships, and access to corporate and accelerator networks, we position portfolio companies to become regional leaders and attractive acquisition targets.
How we work
More than capital.
Vitosha Ventures invests between € 100,000 and € 1,000,000 in early-stage and growing companies that are based in or operate through Bulgaria. We are looking for resourceful founders, ideas that matter, and strong execution.
Strategic & Operational Support
Beyond capital, we work closely with founders on strategy, hiring, governance, and scaling operations.
Access & Credibility
We open doors to international investors, partners, and customers. Through our global network and market expertise, we accelerate market entry and strengthen each company’s positioning for long-term growth.
Beyond the check:
OUR BLOG: VITOSHA STORIES
Insights on venture capital, innovation, and the evolving startup ecosystem.
Stories from the founders we back and the markets we believe in.
Practical insights on building, scaling, and navigating early-stage growth.
Useful tips for startup survival during the Covid-19 pandemic
By Vitosha Venture Partners The Covid-19 pandemic turned out to be a worldwide economic disaster, with consequences for almost every industry and market similar to [...]
Getting Into Vitosha ACCELERATE: How We Select
by Nikola Stojanow It’s been an exciting week at Vitosha ACCELERATE: after kicking off our investment and acceleration program earlier this month, our team got [...]
Vitosha ACCELERATE FAQ: all you need to know
By Max Gurvits Vitosha ACCELERATE is our brand-new acceleration program, with deep hands-on support by our partner team and a global pool of 50+ top [...]
Taking one of Europe’s most exciting ecosystems to the next level: why we’re bullish on Bulgaria
By Paul Weinberger My name is Paul Weinberger and I’m a founding partner at Vitosha Venture Partners. With 15 years of experience in venture [...]
Get in Touch
PORTFOLIO
SORN.AI
AI/ AdTech
Makes sure brands show up, and come across well, when people ask AI for answers.
Spicy SE
AI/ DeepTech
AI that speeds up how cars, aircraft and industrial machines are designed and tested.
SeAI
Maritime/ AI
AI that handles the planning and logistics of crewing ships, so shipping operators don’t have to.
ESTEL
HRTech / AI
Predicts where demand for specialist talent is heading, and automates B2B sales outreach.
ID Robots
Robotics
One operating system to run and coordinate whole fleets of robots and drones.
Citadel Robotics
Defense / Maritime
Autonomous robots and AI-powered sensors that protect sea borders and critical infrastructure.
Smart Farm Robotix
AgriTech / Robotics
Solar-powered robots that weed fields and scout crops on their own, for more sustainable farming.
Truckspedia
Logistics / SaaS
A digital freight platform that makes day-to-day operations simpler for road-transport companies.
Builderly
No-Code / Software
Build, launch and grow your own mobile app, no code required.
DreamColor
Consumer Tech / AI
Personalized hair color, formulated by AI, to apply at home.
