TLDR:
- Vitosha VC invests almost €1.5M in 5 promising startups with plans to expand in the SEE region with Fund II.
- The selected companies cover various sectors and verticals with potential for scalability, as stated by Vitosha Venture Partners.
Vitosha Venture Partners, a Bulgarian venture capital fund specializing in early-stage companies, has announced investments in five promising startups with a total amount of almost €1.5M. The companies cover various sectors and verticals with potential for scalability. After completing their investment period of Vitosha Fund I with 107 startup portfolio companies, Vitosha Venture Partners plans to support the promising ones in follow-on fundraising, strategy, and expansion.
The fund aims to achieve exits in the 2027-2030 period and establish Vitosha Fund II, targeting slightly later-stage companies with tickets from €200K to €1.5M. They also plan to expand their outreach to other countries in the SEE region. The lucky five startups selected for investment include Kikimora.io, Team Schedule, ECEON, Krik.bg, and HROS.io, each offering innovative solutions in their respective fields.
Investments ranged from €140K to €600K, with each company showcasing unique business models and potential for growth. Vitosha Venture Partners is confident in the capabilities of the selected startups to make a significant impact in their industries. Overall, this investment marks Vitosha Venture Partners’ commitment to supporting early-stage companies in the region and fostering innovation and growth in the SEE ecosystem.
