Webit Investment Network

Webit Investment Network is a venture capital firm established in 2022 and located in Sofia, Bulgaria. The firm focuses on investing in technology companies, targeting innovative startups that demonstrate significant growth potential. Webit Investment Network primarily invests in finalists of the Founders Games competition, aiming to support promising entrepreneurs and foster technological advancements in the region. Through its strategic investments, the firm seeks to contribute to the development of the technology ecosystem.

Plamen Russev

Founder, Executive Chairman and Board Member

4 past transactions

BeeHero

Venture Round in 2024
BeeHero is a company that has developed an innovative beehive technology platform aimed at enhancing crop yields through effective pollination. Utilizing artificial intelligence and machine learning algorithms, the platform employs low-cost sensors to gather data from within beehives. This information helps stimulate optimal productivity during critical pollination periods, assisting farmers in safeguarding their beehives against colony collapse and improving overall pollination efficiency. Founded in 2017 by Itai Kanot, Omer Davidi, and Yuval Regev, BeeHero operates from locations in Tel Aviv and Silicon Valley, with a workforce of 50 employees, including 30 at its research and development center in Israel.

inHEART

Series A in 2024
inHEART specializes in advanced precision medicine for cardiology, utilizing artificial intelligence to enhance the care of patients with cardiac diseases. The company develops innovative software solutions that create a digital twin of the heart, transforming preoperative medical images into a detailed model. This technology aids cardiologists in diagnosing, planning, and navigating procedures related to heart rhythm disorders, such as arrhythmias and heart failure. By bridging the gap between radiology and cardiology, inHEART aims to improve treatment personalization and reduce procedure durations and failure rates, ultimately advancing patient care in the field of cardiovascular medicine.

VUZ

Series B in 2022
VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.
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