Funding for 8% equity in company

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Funding for 8% equity in company

EUR 30,000

For founders who have reached minimum viable product (MVP) with their solution, and are on track for reaching product-market fit through the first users or customers.
Equity investment of EUR 30,000 for 8% participation in the company. Through participation in Vitosha Accelerate, the team will grow their product, business development, and fundraising abilities, focusing on metrics sustainability, team expansion, and market validation.

VITOSHA VENTURE PARTNERS IS A EUR 26M EARLY-STAGE VC FUND INVESTING IN INNOVATIVE BUSINESSES IN BULGARIA

BESIDES funding, WHAT CAN WE give?

Vitosha Venture Partners invests between EUR 25,000 and EUR 1,000,000 in early-stage and growth-stage companies that are based in or related to Bulgaria. We are looking for resourceful founders, ideas that matter, and strong execution. We focus on leveraging our investment experience, global network, and market access, helping turn entrepreneurs into champions.
 
We look at deals on an ongoing basis, and take decisions quickly. If you’re fundraising, please let us know by filling out our application at APPLY FOR FUNDING below.

APPLY FOR FUNDING

OUR TEAM

Meet Vitosha Venture Partners:

Max Gurvits

Managing Partner

Max has been around Sofia's entrepreneurship scene since the early days, and has helped shape the local community through his work at Eleven and a number of angel syndicates. Connecting Bulgaria with Silicon Valley, London, and the rest of Eastern Europe is his credo.

Marin Iliev

Managing Partner

Marin is an insider of Bulgaria's venture industry from day one, responsible for investments and operations in the first fund in this region. For our founders, Marin brings an intricate understanding of venture techniques and growth channels.

Stoyan Nedin

Venture Partner

A serial entrepreneur by nature, Stoyan is experienced in M&A and venture investing, technology assessment and innovation. He has been a vibrant part of Sofia's ecosystem with Nexpur, Fanstream and Teres Capital, among other endeavours.

Paul Weinberger

Managing Partner

A veteran of venture investing and hands-on portfolio management in Austria, Switzerland, and Germany, Paul’s extensive transaction and exit experience in the largest European markets connects our founders to the top players in the business.

Nikola Stojanow

Managing Partner

Nikola is one of the founders of Aeternity, and the head of Aeternity Ventures' acclaimed StarFleet program, Bulgaria's most successful and globally recognized accelerator program. Nikola's deep expertise in fintech is a key team asset.

Kamen Bankovski

Principal

Kamen is a swiss-army-knife for all things related to strategic planning, financial management, and operational diligence. With background in finance, tech, and management, having mentored multiple startups in the region, Kamen is superpower for our team and our investments.

Maris Prii

Managing Partner

Maris has been involved with the Estonian startup ecosystem from the early days through her work with Startup Wise Guys. An experienced accelerator manager, community builder, and VC operations insider, she brings the Nordic connection to our team.

Erik Anderson

Managing Partner

Shuttling between California and Europe, Erik has been the US access point for a number of successful European accelerator programs and VC funds. At Vitosha Venture Partners, Erik unlocks US connections and is the lead expert on marketing and growth.

Alexandra Todorova

Marketing and Community Manager

Alex develops and oversees all marketing, communications, and events of Vitosha, leveraging her rare combination of copywriting, content design, events planning superpowers matched with her solid business and venture capital understanding.

Antoniy Zahariev

Investment Analyst

With his expertise and passion for finance, business and technology, Antoniy is contributing to Vitosha's investment analysis as well as to the portfolio management processes of the fund.

APPLY FOR funding

Vitosha Venture Partners is reviewing funding applications on a rolling basis. Click below to start your submission:

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"Vitosha Venture Partners", "Vitosha ACCELERATE", and "Vitosha" are the trade names of Vitosha Venture Partners Ltd. and VVP Fund I LP. This privacy policy will explain how our organization (short: VVP) uses the personal data we collect from you when you use our website, www.vitosha.vc.

Topics:

What data do we collect?
How do we collect your data?
How will we use your data?
How do we store your data?
Marketing
What are your data protection rights?
What are cookies?
How do we use cookies?
What types of cookies do we use?
How to manage your cookies
Privacy policies of other websites
Changes to our privacy policy
How to contact us
How to contact the appropriate authorities
What data do we collect?

VVP collects the following data:
Personal identification information (Name and email address)

How do we collect your data?
You directly provide VVP with most of the data we collect. We collect data and process data when you:

Register online or submit an application for any of our programs, services, or events.
Voluntarily complete a customer survey or provide feedback on any of our message boards or via email.
Use or view our website via your browser’s cookies.

VVP may also receive your data indirectly from the following sources:
Your publicly available social media profiles.

How will we use your data?
VVP collects your data so that we can:

Process your order and manage your account.
Email you with special offers on other offerings and services we think you might like.

If you agree, VVP will share your data with our partner companies so that they may offer you their products and services:
SummitSummit Community OÜ
Economedia AD
Muncho OÜ

When VVP processes your order or registration, it may send your data to, and also use the resulting information from, credit reference agencies to prevent fraudulent purchases.

How do we store your data?
VVP securely stores your data at secure, industry-standard cloud services. Only management board members and VVP shareholders have access to your data.

VVP will keep your Name, E-mail address, Social media handles, and Phone number for up to 1 year after we last contacted you. Once this time period has expired, we will delete your data by removing your records and andy backups from our servers.

Marketing
VVP will only send you information about products and services of ours that we think you might like, as well as those of our partner companies mentioned above.

If you have agreed to receive marketing, you may always opt out at a later date.

You have the right at any time to stop VVP from contacting you for marketing purposes or giving your data to other affiliated organizations of Vitosha Venture Partners.

If you no longer wish to be contacted for marketing purposes, please e-mail info@vitosha.vc.

What are your data protection rights?
VVP would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:

The right to access – You have the right to request VVP for copies of your personal data. We may charge you a small fee for this service.

The right to rectification – You have the right to request that VVP correct any information you believe is inaccurate. You also have the right to request VVP to complete the information you believe is incomplete.

The right to erasure – You have the right to request that VVP erase your personal data, under certain conditions.

The right to restrict processing – You have the right to request that VVP restrict the processing of your personal data, under certain conditions.

The right to object to processing – You have the right to object to VVP's processing of your personal data, under certain conditions.

The right to data portability – You have the right to request that VVP transfer the data that we have collected to another organization, or directly to you, under certain conditions.

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us at our email: info@vitosha.vc
Call us at: +359886852881

Cookies
Cookies are text files placed on your computer to collect standard Internet log information and visitor behavior information. When you visit our websites, we may collect information from you automatically through cookies or similar technology

For further information, visit allaboutcookies.org.

How do we use cookies?
VVP uses cookies in a range of ways to improve your experience on our website, including:

Keeping you signed in
Understanding how you use our website

What types of cookies do we use?
There are a number of different types of cookies, however, our website uses:

Functionality – VVP uses these cookies so that we recognize you on our website and remember your previously selected preferences. These could include what language you prefer and location you are in. A mix of first-party and third-party cookies are used.
Advertising – VVP uses these cookies to collect information about your visit to our website, the content you viewed, the links you followed and information about your browser, device, and your IP address. Our Company sometimes shares some limited aspects of this data with third parties for advertising purposes. We may also share online data collected through cookies with our advertising partners. This means that when you visit another website, you may be shown advertising based on your browsing patterns on our website.

How to manage cookies
You can set your browser not to accept cookies, and the above website tells you how to remove cookies from your browser. However, in a few cases, some of our website features may not function as a result.

Privacy policies of other websites
The VVP website might contain links to other websites. Our privacy policy applies only to our website, so if you click on a link to another website, you should read their privacy policy.

Changes to our privacy policy
VVP keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated on 31 January 2020.

How to contact us
If you have any questions about VVP privacy policy, the data we hold on you, or you would like to exercise one of your data protection rights, please do not hesitate to contact us.

Email us at: info@vitosha.vc
Call us: +359886852881

How to contact the appropriate authority
Should you wish to report a complaint or if you feel that VVP has not addressed your concern in a satisfactory manner, you may contact the Commission for Personal Data Protection of the Republic of Bulgaria, the jurisdiction our organization operates under:

Email: kzld@cpdp.bg
Address: 2, Prof. Tsvetan Lazarov blvd.
Sofia 1592, Bulgaria