Vitosha Venture Partners

Vitosha Venture Partners is a prominent early-stage venture capital fund based in Sofia, Bulgaria, playing a crucial role in the development of the Central and Eastern European (CEE) startup ecosystem. Established as part of the Fund of Funds in Bulgaria, they manage a significant EUR 20 million fund, dedicated to fostering innovation and growth in the region. Their investment mandate spans acceleration, seed, and post-seed stages, indicating a commitment to supporting companies from their nascent phases through initial scaling.

The fund's investment strategy is designed to provide substantial initial capital to promising startups. Vitosha Venture Partners typically deploys first cheques ranging from EUR 50,000 to EUR 1,000,000. This flexible range allows them to accommodate a variety of early-stage needs, from initial product development and market validation to early commercialization efforts. Beyond capital, Vitosha emphasizes providing strategic guidance, mentorship, and access to a broad network of industry experts and potential partners, aiming to accelerate the growth trajectories of their portfolio companies.

Geographically, Vitosha Venture Partners primarily focuses on startups originating from Bulgaria and the broader CEE region, though they are open to opportunities with a strong connection to the local ecosystem. They seek out innovative companies across diverse sectors, including but not limited to SaaS, AI, FinTech, DeepTech, and HealthTech. Their approach is hands-on, working closely with founders to navigate challenges and capitalize on opportunities, thereby contributing to the maturation of the regional tech landscape.