BrightCap Ventures

BrightCap Ventures is an early-stage venture capital firm founded in 2018 and based in Sofia, Bulgaria, with additional operations in Amsterdam, Netherlands. The firm focuses on investing in small and medium-sized companies across various sectors, including artificial intelligence, big data, medical technology, blockchain, and financial technologies. BrightCap Ventures aims to support global founders who utilize local engineering talent, offering not only capital but also entrepreneurial experience and access to a broad global network to help these companies succeed.

Larry Biehl

Managing Director

Elina Halatcheva

Managing Partner

Dimitar Korsakov

Investment Manager

Georgi Mitov

Managing Partner

Past deals in Balkans

SessionStack

Seed Round in 2022
SessionStack is a Bulgarian company that offers a software solution aimed at improving customer support and debugging processes for web applications. Its tools include interactive co-browsing, pixel-perfect session replay, error notifications, and troubleshooting insights, allowing support teams to understand user interactions without needing explicit feedback. The software integrates seamlessly with popular support platforms like Zendesk, Freshdesk, Intercom, and Olark, and is compatible with any web application framework across major browsers, requiring no client-side downloads. By equipping developers and support staff with these capabilities, SessionStack enhances the overall user experience and streamlines the resolution of technical issues.

ONDO (Agriculture)

Seed Round in 2021
Developer of an irrigation management system designed to facilitate monitoring and control of plant growth. The company's system offers a digitally-controlled precision agriculture system for vent and circulation fan management as well as precise plant nutrition and climate control for various crops, enabling farmers to improve crop productivity efficiently.

Vedamo

Seed Round in 2020
Vedamo EAD is a Bulgaria-based company that specializes in providing a cloud-based e-learning platform designed for online tutoring and education management. Founded in 2013, the platform encompasses a comprehensive suite of tools including virtual classrooms, video conferencing, online whiteboards, and breakout rooms, facilitating interactive and engaging learning experiences. Additionally, it features a learning management system that allows for course management, quizzes, file libraries, and internal messaging, giving administrators full control over educational projects. Vedamo’s solution caters to various educational settings, including traditional classrooms, self-paced learning, and blended approaches, making it applicable to universities, corporate training, schools, and kindergartens. The platform supports the effective management of courses, schedules, and learner activities, enhancing collaboration and lesson preparation for educators and organizations.

Software Group

Convertible Note in 2018
Software Group is a global technology company specialized in digital banking and integration solutions for the financial sector. The company serves a worldwide client base from nine main offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, Philippines and the USA. All offices employ an experienced team of professionals, with an outstanding track record of handling complex financial development projects. Software Group prides itself on delivering products and services which adhere to the principles of quality, transparency and affordability. Software Group provides solutions to a range of players in the financial sector but focuses particularly on working with microfinance institutions (MFIs), savings groups, credit unions, banks, telcos and fintech companies.
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