Eleven Ventures is a Sofia, Bulgaria-based venture capital firm and accelerator that backs early-stage technology startups in Southeast Europe. Founded in 2012, it has supported hundreds of ventures and focuses on fintech, healthcare, the future of work, and the future of food, with broad exposure to software-enabled sectors. The firm runs accelerator programs that provide capital, office space, back-office services, and mentorship, along with subsequent funding options to help portfolio companies scale in Bulgaria and neighboring markets.
LAUNCHub Ventures is a Bulgaria-based venture capital firm founded in 2012 and based in Sofia that invests in seed- and early-stage technology startups in Southeastern and Central Europe. The firm typically makes initial investments from €300,000 to €2 million and can provide follow-on support up to around €4 million across portfolio rounds. It backs startups across AI/ML, SaaS, future of work, proptech, crypto and blockchain, devtools, marketplaces, health tech, fintech, hardware, robotics, and related enterprise and consumer sectors, prioritizing scalable businesses with initial traction. LAUNCHub Ventures focuses on founders from SEE and CEE regions, partnering with them beyond capital and offering programs such as a Series A academy to help achieve milestones and raise subsequent rounds. The approach aims to strengthen the regional startup ecosystem and attract attention from global investors.
New Vision 3 is a Sofia, Bulgaria-based venture capital firm focused on seed and early-stage technology startups. It targets sectors such as fintech, blockchain, artificial intelligence, IoT and big data, 3D printing, robotics, nanotech and biotech, cybersecurity, cleantech, as well as augmented and virtual reality, and also considers shared economy platforms. The firm pursues investments in Bulgaria and internationally, including Europe and the United States, backing early rounds in tech-driven ventures across healthcare, agtech, cryptocurrency and other AI-enabled areas.
BlackPeak Capital is a growth equity and private equity firm based in Sofia, Bulgaria, with offices in Bucharest, Ljubljana and Vienna. It targets high-growth SMEs in Southeast Europe and parts of the EU, investing equity, mezzanine and other hybrid forms of capital, as well as follow-on rounds. The firm operates as a generalist investor across niche manufacturing, FMCG, information technology, industrials and healthcare, favouring export-oriented companies or those with unique technology or strong local market positions. Typical ticket sizes are in the low to mid single-digit millions of euros per transaction, with the potential for significant minority or majority stakes and co-investments. Investments can involve early and mid-venture, small buyouts and inorganic growth through acquisitions, and exits are pursued via trade sales or IPOs. The firm was founded in 2014 and focuses on Southeast Europe, including Romania, Bulgaria, Slovenia, Croatia and Serbia.
Vitosha Venture Partners is a venture capital firm founded in 2020 and based in Sofia, Bulgaria. It focuses on investing in early-stage and growth-stage companies that are based in or connected to Bulgaria.
The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.
Founded in 2020, Sofia Angels Ventures is a venture capital firm based in Sofia, Bulgaria. It focuses on co-investing in technology startups at the seed and angel stages across Bulgaria, Southeastern Europe, and Central & Eastern European countries.
BrightCap Ventures is a venture capital firm established in 2018 with activity in Europe, including Amsterdam, Netherlands, and Sofia, Bulgaria. It invests in early‑stage and small to medium‑sized companies operating in artificial intelligence, big data, medical technology, blockchain, and financial technology. The firm focuses on global founders who leverage local engineering talent and benefits from its entrepreneurial experience and international network to help portfolio companies scale.
Global Finance is an independent investment firm founded in 1991 in Athens, Greece, and has been a pioneer of private equity and venture capital in Southeast Europe. Its operations include private equity fund management, real estate development, and advisory services, with equity investments in mid-market companies across sectors such as manufacturing, information technology, specialty retail, media and entertainment, healthcare, telecommunications, and services. The firm concentrates on opportunities in Greece and neighboring Southeast European markets and maintains a regional footprint with offices and activity in Sofia, Belgrade, Bucharest, and London. Typical investments are up to €40 million in Greece and up to €15 million for Eastern European ventures. Exit options include trade sales, initial public offerings, management buybacks, and sales to other investors. Global Finance aims to create value for investors and dynamic companies by supporting growth and improving operational performance in Southeast Europe.
Oktogon Ventures is a Budapest-based venture capital firm that backs early-stage technology-driven startups in Central and Eastern Europe. It leverages local knowledge, operational experience, and a broad network to help portfolio companies achieve rapid growth, with a focus on technology-heavy businesses that can scale globally from early stages. The firm emphasizes regional reach across Hungary, Slovakia, Czech Republic, Poland, Croatia, Romania, Slovenia, and Bulgaria, and maintains strong connections to US and Western European co-investors, mentors, and talent pools. Its portfolio includes Bitrise, Recart, and Enduraid, illustrating emphasis on software and technology-enabled solutions. Oktogon engages with founders through a hands-on approach and aims to support companies with global appeal from day one, enabling scalable, extraordinary growth.
Rosslyn Capital Partners is a private equity and venture capital firm based in Sofia, Bulgaria, founded in 2002. It pursues growth capital and acquisitions across sectors including manufacturing, food and beverage, telecommunications, information technology, renewable energy, agriculture, and real estate, primarily investing in Bulgarian companies. The firm engages in buyouts and growth investments and collaborates with foreign investors to support its activities. Typical deal sizes range from roughly 1.3 to 7.9 million dollars.
Empower Capital is a EUR 21 million fund established to provide equity and quasi-equity funding to growing Bulgarian companies. Financed by the European Investment Fund - JEREMIE Initiative Bulgaria, the team offers extensive international operating experience, expertise, and industrial knowledge to support SMEs. With a successful track record in investing and managing companies in Bulgaria, they specialize in raising funds from various investors and facilitating exits to international buyers. Empower Capital plays a crucial role in helping companies reach their potential by identifying valuable organizations and providing growth capital, strategic guidance, and operational support to strong management teams.
CV VC is a Switzerland-based investment firm focused on blockchain and crypto technology, blending traditional venture capital practices with digital asset innovation. Based in Crypto Valley, it invests across all stages of crypto and blockchain development, from incubation to growth, and maintains its own ecosystem to support portfolio companies. The firm provides advisory services spanning startup development, including business model design, technology assessment and token economics, communications strategy, and assistance in attracting capital and strategic partnerships, helping founders connect with investors and partners within Crypto Valley and beyond.
Shasta Ventures is a California-based venture capital firm founded in 2004 that focuses on early-stage software investments in the United States. It backs startups in software as a service, cybersecurity, infrastructure, data intelligence, and consumer subscription sectors, typically supporting seed to Series B rounds. The firm operates from Portola Valley, California, and provides tailored resources to help founders navigate early-stage challenges rather than offering a one-size-fits-all program.
European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.
Launch Africa Ventures is a venture capital firm based in Ebene, Mauritius, founded in 2020. It invests in early-stage technology and platform-enabled businesses across Africa, with a focus on fintech, healthtech, climate tech, agritech, edtech, transportation, logistics, mobility, e-commerce, software as a service, artificial intelligence, big data, and analytics, spanning both business-to-business and business-to-consumer models.
PostScriptum Ventures is a Luxembourg-based private equity and venture capital firm that makes direct investments across seed to growth stages, including early and middle-market opportunities. The firm focuses on renewable energy and related technology sectors, while also engaging in business products, business services, information technology, and other technology-driven opportunities. It seeks to invest outside Western Europe and the United States, targeting international markets and development of new businesses. By combining capital with sector expertise, PostScriptum Ventures aims to support startups and growth companies in realizing scalable, long-term value in the energy and technology landscape.
Impetus Capital is a venture capital firm and growth equity investor based in Sofia, Bulgaria. Founded in 2015, it provides capital across seed to growth stages to European companies operating in B2B, B2C, healthcare and technology sectors.
Global Founders Capital is a Berlin, Germany-based venture capital firm with a global focus that invests across seed, early, and later-stage companies. It maintains a stage-agnostic approach, seeking innovative ideas with potential impact and feasibility in global markets.
Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi and San Francisco. It provides capital, operational experience and strategic support to entrepreneurs from seed through growth, helping them scale through multiple stages. Founded in San Francisco about 40 years ago, Partech currently manages €2.5 billion in assets and backs a portfolio of roughly 220 companies across 40 countries and four continents.
Sway Ventures is a San Francisco-based venture capital firm that backs early to mid-stage technology companies in the United States. It partners with high-potential teams building innovative technology and scalable platforms, aiming to support ventures with the potential to define new enterprise or consumer categories.
Benhamou Global Ventures is a venture capital firm founded in 2003 by Eric Benhamou and headquartered in Palo Alto, California, with an office in Tel Aviv. It makes early-stage technology investments globally, focusing on enterprise IT, cloud technologies, cybersecurity, mobility, and the Internet of Things, with particular emphasis on artificial intelligence and machine learning, productivity software, and web-scale infrastructure. The firm backs startups across regions including North America, Europe, and Israel, providing strategic guidance and operational support to help portfolio companies scale internationally.
HBM Healthcare Investments is a Switzerland-based investment firm founded in 2001 and based in Zug. It concentrates on the healthcare sector, spanning human medicine, biotechnology, medical technology and diagnostics. The firm maintains a diversified portfolio that includes private companies, public companies, funds, cash and other assets, reflecting exposure across different stages and sectors within healthcare.
New Enterprise Associates is a U.S.-based venture capital firm founded in 1977 and headquartered in Menlo Park, California. It invests in technology and healthcare companies across stages and geographies, supporting startups from seed to growth. The firm operates globally with investments in the United States, Asia, and Brazil among others, and has a long track record of portfolio IPOs and acquisitions. It has over $19 billion in cumulative committed capital.
Founded in 2019, Wuri Ventures is a venture capital firm based in Dakar, Senegal. It focuses on innovating solutions for market failures such as information asymmetry and fragmentation, supporting world-class entrepreneurs in Africa's technology, financial services, health tech, and beverage sectors.
DNX Ventures is a San Mateo-based venture capital firm founded in 2011, with an additional office in Tokyo. It backs early-stage B2B startups, typically at seed and Series A rounds, across the United States and Japan, with focus areas including SaaS/cloud, cybersecurity, deep tech, sustainability, hardware, retail, and finance. The firm operates as a registered investment adviser and leverages a CXO network to help portfolio companies validate product-market fit and connect with Fortune 500 firms, enabling partnerships and commercial opportunities.
Fusion Fund is a California-based venture capital firm focusing on early-stage technology companies across the United States. Based in Palo Alto, the firm backs pre-seed to Series A startups in sectors such as healthcare technology, enterprise AI, industrial technology, information technology, IoT, robotics and drones, cybersecurity and related areas. Fusion Fund seeks startups with strong technical barriers and scalable business models that can drive globally disruptive systems, supporting founders through the next wave of foundational innovation.
Sixty Degree Capital is a North American venture capital firm founded in 2017 and based in Toronto that invests in software, digital infrastructure, healthcare, and biotechnology companies, including biopharmaceuticals and healthcare platforms, across stages from Series A to pre-IPO, with opportunities across North America and a focus on the United States market.
Flashpoint is an international investment group focused on Western technology companies founded by expatriates from Emerging Europe and Israel. It manages six venture funds—a mix of four venture capital funds, a venture debt fund, and a secondary fund—and has assets under management in the hundreds of millions. The firm maintains offices in London, Tel Aviv, Budapest, Warsaw, Riga, Nicosia, and New York. It has invested in more than 50 companies, including Guesty, Chili Piper, and Office RnD, and has completed exits such as Shazam (sold to Apple) and Chess.com (sold to PokerStars founders and General Atlantic). The group targets software and business-to-business technology across Europe and Israel, with a preference for Western technology opportunities originated by expatriates from its focus regions.
ServiceNow provides cloud-based enterprise software that defines, structures, and automates services across organizations. It specializes in workflow automation to streamline IT service management and IT operations, asset management, and IT business management. It offers digital workflow products for customer service, human resources, security operations, governance, risk, and compliance, and field service management. The Now Platform underpins these capabilities, delivering service catalogs and portals, configuration management, performance analytics, and app development tools to connect departments and automate cross-functional processes globally.
MFG Invest is an angel investment group based in Sofia, Bulgaria, founded by a consortium of angel investors focused on financing venture capital. The firm aims to support early-stage startups across various sectors, providing the necessary capital and resources to foster growth and innovation. By targeting emerging businesses, MFG Invest seeks to play a pivotal role in the entrepreneurial ecosystem, helping to drive economic development in the region.
VEF is a Stockholm-based venture capital firm founded in 2015 that focuses on fintech companies in emerging markets. It invests in early and growth-stage startups, takes minority stakes, and provides active governance through board representation in portfolio companies. The firm aims to support innovative financial technology businesses across the emerging world, helping drive digital financial inclusion and efficiency as markets evolve.
Blue Star Innovation Partners is a growth equity investment firm based in Frisco, Texas. The firm focuses on growth capital investments in technology, B2B software, and payment technology platforms, as well as fintech, sports, entertainment, healthcare, and health and wellness sectors. It typically targets companies with annual revenue between $3 million and $50 million, providing strategic capital to support scaling.
DEPO Ventures is a Prague-based venture capital firm that operates an angel fund and an international network of angel investors. The firm focuses on technology startups, with a particular emphasis on early-stage, pre-seed ventures founded or led by entrepreneurs from Central and Eastern Europe. In addition to investment activities, it provides capital advisory services to help startups secure funding and scale their businesses. By combining its network and hands-on approach, DEPO Ventures aims to support early-stage companies across Europe through their growth journey.
Established in 2022 and headquartered in Prague, Czech Founders VC is an early-stage venture capital firm focused on supporting pre-seed startup founders predominantly from the CEE region. The firm differentiates itself by offering proactive assistance and fair terms to investees.
Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.
Magma Venture Partners is a Tel Aviv-based venture capital firm founded in 1999 that focuses on early-stage investments in information technology, communications technology, semiconductors, software, internet and media. The firm pursues opportunities in Israel and the United States, leveraging sector specialization and active collaboration with entrepreneurs, industry experts, and other investors to help portfolio companies grow from early ideas into market leaders. With deep local market knowledge and a broad network, Magma Venture Partners seeks to foster innovation and influence the global paths of its portfolio companies in the communications, networking, software, and related technology sectors.
NEVEQ is a venture capital firm based in Sofia, Bulgaria, founded in 2006. It focuses on seed and early-stage investments, backing companies as they scale toward growth. The firm generally targets enterprise applications software, infrastructure software, and industry vertical applications, as well as emerging technologies in web and mobile sectors. Its portfolio includes areas such as business intelligence, travel technology, semantic technology, social media, telecommunications solutions, and data center businesses.
DCG Expeditions is the corporate venture capital arm of Digital Currency Group, based in London, United Kingdom, that invests in early-stage fintech and cryptocurrency companies worldwide. It provides long-term backing and access to a global fintech network to support founders as they scale, leveraging permanent capital to sustain long-term value creation. The team concentrates on building the next generation of financial services by backing ambitious founders in the fintech and crypto sectors.
Piton Capital is a London-based venture capital and growth equity firm that focuses exclusively on network effects businesses, including marketplaces, exchanges and platforms, as well as data network effects, user-generated content, and SaaS models with potential network effects. The firm is stage- and style-agnostic and invests from seed to late stage, with typical investments ranging from €200,000 to €15 million.
VentureFriends is a venture capital firm based in Athens, Greece, specializing in seed and pre-seed investments in tech-enabled startups across Europe. It backs early-stage companies in fintech, proptech, marketplaces, B2B software as a service, e-commerce, IT, and related sectors, with typical checks ranging from a few hundred thousand to a couple of million euros and potential follow-ons. The firm emphasizes a founder-friendly approach, drawing on the experience of ex-entrepreneurs and angel investors to support growth and go-to-market efforts. Investments target companies capable of building durable moats and scalable businesses, primarily in Europe, with activity across the broader EMENA region. The firm is credited with establishing a presence in Athens and focusing on a broad tech-enabled toolkit for portfolio development, networks, and strategic guidance.
Founded in 2022, Blockchain Founders Capital is a venture capital firm based in Neustadt, Germany. It focuses on investing in early-stage, pre-seed and seed-stage web3 companies.
Runa Capital is a technology-focused venture capital firm founded in 2010, headquartered in Luxembourg with additional offices in Berlin, Palo Alto, and London. The firm concentrates on early-stage investments in software and deep-tech, including artificial intelligence, machine learning, open-source platforms, cloud infrastructure, fintech infrastructure, and enterprise software, with emphasis on SaaS and solutions for regulated industries. It manages multiple funds and aims to back revenue-generating companies, helping them scale globally through hands-on support and an expansive professional network. The team combines entrepreneurial experience from tech and software businesses, led by founders Ilya Zubarev, Serg Bell, and Dmitry Chikhachev, who have collaborated for many years. Runa Capital targets opportunities across North America and Europe, with activity in other regions, seeking to turn growth-stage companies into international champions through strategic guidance and global reach.
CoinIX is a venture capital firm based in Hamburg, Germany, founded in 2017, that invests in cryptocurrency and blockchain technology companies. It focuses on Europe and seeks opportunities in firms using distributed ledger technologies.
Pelion Venture Partners is a Utah-based venture capital firm founded in 1986 that concentrates on early-stage technology companies across the United States, with a focus on B2B software, enterprise software, SaaS, cloud services, digital media and related sectors. The firm takes a hands-on approach, working closely with portfolio companies to help them scale.
Citigroup is a diversified financial services company providing a broad range of financial products and services to consumers, corporations, governments, and institutions worldwide. It operates through two main segments: Global Consumer Banking, which includes retail banking, Citi-branded cards, and consumer finance, and Institutional Clients Group, which covers wholesale banking, investment banking, fixed income and equity sales and trading, foreign exchange, prime brokerage, research, corporate lending, cash management, trade finance, and securities services. The company maintains a global footprint across regions including Asia, Europe, the Middle East, Africa, North and Latin America, and emphasizes sustainability and social responsibility initiatives.
Mayo Clinic is a non-profit medical organization based in Rochester, Minnesota, established in 1863. It provides comprehensive medical care, education in clinical medicine and biomedical sciences, and conducts extensive medical research across a broad range of specialties. The organization integrates patient care with education and research to advance medical practice and outcomes. It also advances innovation through Mayo Clinic Platform, a Rochester-based accelerator that incubates and invests in early-stage health-tech startups in collaboration with providers, pharmaceutical and device companies, health-tech developers, and patients; and Mayo Clinic Ventures, the organization's venture arm that partners with physicians and scientists to commercialize inventions and discoveries to improve patient care and support Mayo’s education and research missions.
Insight Partners is a global software investor that partners with growth-stage technology and software companies. Headquartered in New York City with offices in London, Tel Aviv, and Palo Alto, it concentrates on growth-stage software, internet, and data services, with notable focus areas including fintech, cybersecurity, AI/ML, DevOps, and healthcare. Founded in 1995, Insight Partners manages over $75 billion in regulatory assets under management and has invested in more than 750 companies worldwide, with over 55 portfolio companies achieving an IPO. The firm combines capital with hands-on, right-sized software expertise to support portfolio companies on their growth journey from first investment to IPO.
VU Venture Partners is a multi-stage venture capital firm based in San Francisco, founded in 2018, that invests in companies across consumer, enterprise, fintech/blockchain, healthtech, frontier tech, and real estate tech.
Founded in 2019, Velar Capital is a venture capital firm based in Amsterdam, Netherlands. It focuses on early-stage investments in enterprise applications and IT infrastructure.