Vitosha Venture Partners
Status
ACTIVE
Global HQ
Sofia, Bulgaria
Countries of investment
- Bulgaria
- United States
- Germany
- United Kingdom
- Netherlands
- Estonia
- Romania
- Poland
- Spain
Investment stages
- Pre-Seed
- Seed
Industries
- AI
- SaaS
- HealthTech
- ClimateTech
- Enterprise Applications
- Retail
- Consumer
- Fintech
- EdTech
About
Vitosha Venture Partners is a Sofia-based venture capital firm focused on backing Bulgarian and emerging European early-stage founders. Their focus spans AI, SaaS, healthtech, climatetech, and enterprise applications across Bulgaria, United States, Germany, United Kingdom, Netherlands, Estonia, Romania, Poland, and Spain. The firm supports early-stage founders from pre-seed through seed stages.
Vitosha Venture Partners is a Sofia-based venture capital firm focused on backing Bulgarian and emerging European early-stage founders. Their focus spans AI, SaaS, healthtech, climatetech, and enterprise applications across Bulgaria, United States, Germany, United Kingdom, Netherlands, Estonia, Romania, Poland, and Spain. The firm supports early-stage founders from pre-seed through seed stages.
Investment Thesis
Vitosha Venture Partners is a pre-seed and seed stage venture capital firm deploying capital across AI, SaaS, healthtech, climatetech, enterprise applications, retail, consumer, fintech, and edtech sectors. They invest €25K-€1M in early-stage companies based in or connected to Bulgaria, providing capital, strategy, hiring, governance, and international investor introductions. The firm differentiates itself as Bulgaria's leading micro VC with €26M in Fund I plus Fund II under the "Entrepreneurship Growth Fund" program, both co-financed by European Structural and Investment Funds.
Manager's Experience
Founded in 2020 as Bulgaria's leading micro VC firm, based in Sofia. Team of 11 including 8 Partners and 1 Principal across Bulgaria, United States, and 2 additional locations. The firm manages two funds: Fund 1 (€26M, co-financed under Operational Programme for Innovation and Competitiveness 2014-2020) and Fund 2 (co-financed under the "Entrepreneurship Growth Fund" through Programme for Competitiveness and Innovations in Enterprises 2021-2027), both structured through Fund Manager of Financial Instruments in Bulgaria (FMFIB) and European Structural and Investment Funds. Investment team includes Stoyan Nedin (Managing Partner) and additional partners with local market expertise and international investment experience. Portfolio includes 100+ companies such as Fight Scout, Native Spaces, OMNIO, TokWise, Medrax, Luca, Flow&Grow, Quendoo, and Krik.bg across Bulgaria and neighboring Southeast European markets.
Vitosha Venture Partners Contacts Information
Primary contact
Team
Stoyan Nedin - Managing Partner
Alexander Manolev - Partner
Rossen Ivanov - Partner
Dimitar Dimitrov - Partner
Nikolai Kazakov - Partner
Georgi Nakov - Partner
Zdravko Sabev - Partner
Trayan Yovkov - Partner
Portfolio
Fight Scout
Native Spaces
OMNIO
TokWise
Medrax
Luca
Flow&Grow
Quendoo
Krik.bg
AIoTcloud
Fiber & Loops
Spatium
Fyler
Mailings
Speako
HeatMe
Nomatica
ShipHaven
Melisto
Sirma
Mind Trade
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