Vitosha Venture Partners

Founded in 2020, Vitosha Venture Partners is a venture capital firm based in Sofia, Bulgaria. It focuses on investing in early-stage and growth-stage companies with ties to Bulgaria.

Kamen Bankovski

Partner

Max Gurvits

Managing Partner

Maxim Gurvits

Managing Partner

Marin Iliev

Managing Partner

Stoyan Nedin

Managing Partner

Maris Prii

Managing Partner

38 past transactions

Kikimora

Venture Round in 2024
Kikimora.io specializes in cybersecurity management, offering a platform that centralizes, automates, and simplifies the process of identifying and addressing vulnerabilities in a company's systems. By employing machine learning, the platform analyzes and prioritizes security gaps, enabling businesses to efficiently manage and remediate operational vulnerabilities, thereby saving time and resources.

Krik.bg

Venture Round in 2024
Krik.bg is a company that operates an online platform specializing in second-hand automotive parts. The platform is designed to offer a wide variety of affordable parts to auto repair shops, car owners, and mechanics. It enables users to find and purchase used auto parts at significantly lower costs compared to new parts, while also providing the ability to compare prices from different sellers. By facilitating the recycling of used parts, Krik.bg helps reduce waste in the automotive industry.

Speedinvest Heroes Consulting

Venture Round in 2024
Speedinvest Heroes Consulting GmbH is a human resources company. They offer leadership development, active sourcing, and recruiting services. They also assist in leveraging abilities and jobs that allow people to dream big.

ECEON Robotics

Pre Seed Round in 2024
ECEON develops and operates next-generation autonomous mobile robots based on advanced artificial intelligence for intralogistics.

Team Schedule

Venture Round in 2024
Team Schedule is a software company specializing in human resource management solutions. It develops cloud-based extensions for SAP SuccessFactors, focusing on shift scheduling and time management. The company's software helps clients efficiently plan and manage employee shifts, tasks, and projects, while ensuring compliance with corporate and government regulations.

TokWise

Venture Round in 2023
TokWise is a technology company specializing in green energy portfolio optimization. Its platform offers automated energy data management, advanced portfolio forecasting, real-time position management, and commercial optimization tools to help clients make informed decisions and maximize returns.

Kikimora

Seed Round in 2023
Kikimora.io specializes in cybersecurity management, offering a platform that centralizes, automates, and simplifies the process of identifying and addressing vulnerabilities in a company's systems. By employing machine learning, the platform analyzes and prioritizes security gaps, enabling businesses to efficiently manage and remediate operational vulnerabilities, thereby saving time and resources.

Swipe.bg

Seed Round in 2023
Swipe.bg is an online marketplace specializing in the buying and selling of second-hand mobile phones. The platform provides customers with a convenient and secure way to sell their used smartphones, ensuring a streamlined process for both sellers and buyers. After acquiring these devices, Swipe.bg inspects and certifies them, allowing the company to offer refurbished smartphones at affordable prices. This approach not only meets the demand for quality mobile devices but also simplifies the experience of purchasing or disposing of second-hand phones for consumers.

Fabrico SaaS

Seed Round in 2023
Fabrico is a cloud-based CMMS that manages all maintenance activities in a manufacturing facility by combining lean end-to-end maintenance methodologies. Everything required to digitalize all maintenance procedures in your plant is included in the solution. Fabrico offers preventive and reactive maintenance solutions, as well as an efficient ticketing system that allows for entire communication and compliance processes in a single plant.

AIoTCloud

Pre Seed Round in 2023
AIoTCloud is a technology company that specializes in developing an artificial intelligence of things (AIoT) platform for businesses. This platform is designed to optimize energy consumption and costs by providing real-time monitoring, alerts, and analytics. It empowers businesses to make informed decisions about energy usage, reduce their carbon footprint, extend asset lifecycles, and optimize investments for the future.

Vodoraslo

Pre Seed Round in 2023
Vodoraslo is a technology company that specializes in developing innovative air purification solutions. Their primary product is a domestic photobioreactor, which uses algae to naturally purify indoor air by producing oxygen and biomass. The generated biomass can be repurposed as a natural fertilizer, biodegradable packaging material, food supplement, or pigment, further enhancing the product's sustainability and versatility. Vodoraslo aims to improve air quality in various indoor environments, such as schools and offices, by combining innovation, design, and nature.

Modern Energy

Pre Seed Round in 2023
Modern Energy is an investment firm.

Ivory

Seed Round in 2023
Ivory is a startup manufacturing company that designs and develops small electric vehicles suitable for food delivery.

CashLend

Venture Round in 2023
CashLend is a financial technology company that operates a platform facilitating peer-to-peer lending, enabling individuals to lend money to one another directly. It is part of the expanding sharing economy and allows investors to earn returns on their investments. The platform includes various features aimed at protecting investors, such as credit checks and risk assessments. By connecting borrowers with lenders, CashLend provides a streamlined and accessible method for individuals to engage in lending, enhancing financial opportunities for both parties involved.

D Aerospace

Grant in 2023
D Aerospace, based in Bulgaria, is a company that designs and manufactures industrial-grade drones. With a team of experienced aerospace engineers, they focus on creating compact, reliable drones capable of operating in various weather conditions. Their offerings include a multirotor platform for diverse operational capabilities and an open-source flight controller for ease of use and customization.

Fabrico SaaS

Pre Seed Round in 2023
Fabrico is a cloud-based CMMS that manages all maintenance activities in a manufacturing facility by combining lean end-to-end maintenance methodologies. Everything required to digitalize all maintenance procedures in your plant is included in the solution. Fabrico offers preventive and reactive maintenance solutions, as well as an efficient ticketing system that allows for entire communication and compliance processes in a single plant.

uIMPACT

Pre Seed Round in 2023
uIMPACT is a tech startup with a mission to help startups improve their access to finance by incorporating sustainability and impact into their business strategy from an early stage, building ESG and SDG track records, and managing risk. We support investors to integrate sustainability into their portfolios, avoid greenwashing, and prepare for regulatory requirements. uIMPACT is women founded and operated, and backed up by an impact fund with vast international experience and strong credentials in technology and global impact investing.

SN Metals

Pre Seed Round in 2023
SN Metals is a trading company that consistently and competitively delivers on its promises.

Native Spaces

Venture Round in 2023
Native Spaces is an online marketplace that connects event organizers with a curated selection of unique and underutilized spaces for various types of events. The company focuses on providing a transparent booking process, allowing clients to discover and secure venues without agency fees. Each space featured on the platform is carefully selected for its distinctive character, design, or compelling story, ensuring that clients have access to extraordinary options for their events. By streamlining the booking experience, Native Spaces aims to facilitate memorable gatherings in exceptional locations.

Nakantara

Pre Seed Round in 2023
Nakantara operates an online auction platform facilitating the purchase and sale of moveable property and automobiles. Its platform determines the true market value of assets and offers expert examinations, enabling risk-free bidding for buyers.

ChatHalla

Pre Seed Round in 2023
ChatHalla develops a live chat platform enabling businesses to analyze customer history, behavior, and preferences prior to initiating web chat sessions. The platform allows real-time visibility into client actions and typed messages, empowering e-commerce merchants to close sales more efficiently with reduced resources.

FinqUP

Pre Seed Round in 2023
FinqUP provides a user-focused SaaS platform for investment and insurance funds aiming to adopt digital transformation. It connects traditional fund management practices with advanced digital technologies.

Taylor & Hart

Venture Round in 2023
Taylor & Hart Limited is a London-based company that specializes in the design and sale of diamond engagement rings, wedding rings, and custom jewelry. Established in 2011, the company focuses on allowing individuals to express their emotions through unique, personalized pieces. It offers an extensive selection of over 100,000 ethically sourced, GIA-graded diamonds, ensuring high quality and ethical standards. Taylor & Hart has received numerous accolades, including the "Best New Jeweler" award in 2014, and has been featured in prominent publications such as the Telegraph and Forbes. The company operates primarily online, providing worldwide shipping, and has garnered a customer satisfaction rating exceeding 9.6 out of 10 from over 120 reviews. Taylor & Hart has successfully raised over $500,000 through crowdfunding initiatives and has transacted more than $2 million in sales over the past year. A distinctive feature of each ring is a pink diamond set on the inside, which serves as the company's trademark.

Dynamic Pricing AI

Seed Round in 2023
Dynamic Pricing AI is a technology platform focused on optimizing retail pricing management. The company's platform enables retailers to reprice their entire portfolio using predefined rules and innovative strategies. By employing a data-driven approach, Dynamic Pricing AI helps clients adjust prices to achieve optimal profit margins. This allows retailers to effectively track and meet revenue and margin targets through a benchmarking process.

Brain Foods

Seed Round in 2023
Brain Foods is a vegan brand that specializes in nutritious snacks and substitutes designed to enhance both flavor and nutritional value. The company offers a range of products, including vegan waffles and other snack items that provide brain-boosting benefits. By focusing on health-conscious consumers, Brain Foods aims to make favorite foods and beverages more nutritious and delicious, allowing individuals to indulge in guilt-free snacking without added sugar or gluten. This commitment to nourishing the mind and body positions Brain Foods as a provider of innovative food options that cater to the growing demand for healthier alternatives.

Fight Scout

Seed Round in 2023
Fight Scout is a social networking platform for the combat sports community that connects fighters, managers, and organizations worldwide. It enables users to explore fights, discover managers and events, and manage fighter profiles to improve visibility and opportunities. The platform supports networking among fighters, managers, promoters, and other stakeholders, and includes live broadcasting of events with pay-per-view options. It operates on a commission-free basis and facilitates signing athletes, managers, or promoters, helping to grow professional networks within the sport.

QuarkXR

Seed Round in 2022
QuarkXR is a deep tech company developing an XR (AR/VR) Cloud Platform for 5G and Edge Computing. It specializes in creating a Cloud Streaming Platform that enables next-generation immersive computing experiences on mobile devices.

Swipe.bg

Seed Round in 2022
Swipe.bg is an online marketplace specializing in the buying and selling of second-hand mobile phones. The platform provides customers with a convenient and secure way to sell their used smartphones, ensuring a streamlined process for both sellers and buyers. After acquiring these devices, Swipe.bg inspects and certifies them, allowing the company to offer refurbished smartphones at affordable prices. This approach not only meets the demand for quality mobile devices but also simplifies the experience of purchasing or disposing of second-hand phones for consumers.

Re:Benefit

Seed Round in 2022
Re:Benefit is a pioneering company in Bulgaria that specializes in benefits management solutions. It offers a cloud-based enterprise platform that facilitates the flexible allocation of employee bonuses and benefits. The platform encompasses various services, including health insurance, sports cards, parking, transport, memberships, and charitable contributions. A distinctive feature of Re:Benefit's offering is the ability for employees to adjust their benefits on a monthly basis without incurring additional administrative costs or complexities. This innovative approach assists employers in effectively selecting and managing the most suitable fringe benefits for their workforce, enhancing overall employee satisfaction and engagement.

Agriniser

Seed Round in 2022
Agriniser is a digital platform facilitating direct trade between grain buyers and sellers. It enables efficient negotiation of deals, access to ancillary services, and market information to support trading decisions.

Push Marketplace

Pre Seed Round in 2022
Buy, sell and discover new or second hand clothes.

FoxCrop

Pre Seed Round in 2022
FoxCrop is a SaaS-enabled marketplace that connects farmers, retailers, restaurants, and other food service providers. It streamlines B2B supply chains by managing orders, products, invoices, payments, and delivery planning through innovative technology.

International Stuttering Therapy Institute

Pre Seed Round in 2021
Bye Bye Stuttering includes an online platform for stuttering therapy and a mobile app with artificial intelligence accessible from anywhere in the world. It will allow anyone who stutters to complete the full course of the therapeutic program independently. A partnership program will be offered to speech therapists and psychologists so that they can help their patients overcome their stuttering problem. “AI” will save most of the speech therapists work and will provide psychological assistance in critical situations with high level of repeatability. Animations and Games will help children and young people overcome stuttering in an easy and enjoyable way, while also helping them build a positive attitude and belief in their own strengths. Parents will also have an active role in the whole process of overcoming stuttering or stammering. The program will be adapted in many languages. It allows, with the help of a computer program, to restore the natural smooth speech of a stuttering / stammering person within 25 days. Its implementation does not include drugs, sophisticated breathing techniques and special technical devices, which makes it universally applicable.

health me

Seed Round in 2021
Health Me is a meat bar manufacturing company. They provide nonveg meat bar which includes pork meat bar, beef meat bar, chicken meat bar, mutton meat bar, and fish meat bar.

Augment Esports Technologies

Pre Seed Round in 2021
Augment specializes in enhancing game data through AI-driven tools. It assists game publishers and app developers in creating new revenue channels and products, while also enabling real-time player analytics. Notable clients include Riot Games and over 30 esports organizations.

Hobo

Venture Round in 2021
Hobo is Bulgaria's leading provider of shared electric scooters, aiming to transform urban mobility. It offers an eco-friendly alternative for commuting, reducing traffic congestion, noise, and air pollution.

Quendoo

Series A in 2021
Quendoo is a platform-as-a-service (PaaS) company focused on enhancing the operational efficiency and marketing capabilities of the travel industry, particularly for hotels and vacation rentals. It offers a comprehensive travel platform that empowers property owners and hoteliers to regain control over their bookings, payments, marketing, and availability. Quendoo's solution includes essential tools such as a channel manager, a booking engine, and a website builder, allowing users to synchronize various marketing channels and increase revenue through direct bookings. All these functionalities are managed from a single dashboard, enabling businesses to streamline operations and optimize their performance in a competitive market.
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