Innovation Capital

Innovation Capital is a prominent pre-seed and seed-stage venture capital fund based in Sofia, Bulgaria, operating under the management of Innovation Accelerator. Established with a significant capital base of EUR 21.1 million, the fund plays a crucial role in fostering the startup ecosystem across Eastern Europe, with a particular emphasis on its home market. It was launched as part of the Bulgarian Fund of Funds initiative, leveraging European structural and investment funds to provide critical early-stage capital to promising ventures. The fund's sector-agnostic approach allows it to support a diverse portfolio of companies, reflecting its commitment to broad economic development and innovation across various industries.

The investment strategy of Innovation Capital is primarily focused on providing initial capital to very early-stage companies. Typical first cheques range from EUR 50,000 to EUR 200,000, designed to help startups validate their concepts, build initial products, and achieve early traction. Beyond financial investment, the fund distinguishes itself by incorporating an acceleration program, offering portfolio companies mentorship, strategic guidance, and access to a network of industry experts and potential partners. While its geographic preference is Eastern Europe, Innovation Capital actively seeks out high-potential teams and disruptive technologies, aiming to nurture them from nascent ideas into scalable businesses.

Innovation Capital's mission extends beyond mere capital deployment; it aims to professionalize and expand the regional startup landscape. With its substantial fund size, the firm is positioned to make a significant impact on the development of new businesses in Bulgaria and the broader Eastern European region. The fund has an ambitious target to invest in approximately 50 to 60 companies throughout its investment period, demonstrating a commitment to building a robust and diversified portfolio. By combining financial backing with an intensive acceleration framework, Innovation Capital strives to equip founders with the necessary tools and resources to navigate the challenges of early-stage growth and achieve long-term success.