Innovation Capital
innovationcapital.bg Direct investor
Innovation Capital is a venture capital fund based in Sofia, Bulgaria, providing equity and quasi-equity funding to Bulgarian startups. It offers investment tracks from acceleration to seed stage, focusing on high-priority sectors.
Innovation Capital is a venture capital firm headquartered in Sofia, Bulgaria. It invests directly in companies, from pre-seed to seed, in enterprise software, e-Commerce, financial services and education. Its stated cheque size is EUR 25,000+ up to EUR 1,000,000. EUR 21.1 million under management, as it reports.
“Innovation Capital is a EUR 21.1 million venture capital fund with the mandate to provide access to equity and quasi-equity funding to Bulgarian startup companies.”
— Innovation Capital, own website
- Layer
- Direct investor
- Type
- Venture capital
- Invests in
- Bulgaria
- Sectors
- Enterprise software, e-Commerce, Financial services, Education, Automotive / Transport / Logistics, Healthcare, Entertainment / Media, Food / FMCG, Security / Cyber-security, Travel
- Cheque size
- EUR 25,000+ up to EUR 1,000,000
- Assets under management
- EUR 21.1 million
Team, as Innovation Capital publishes it
- Vassil Christov Managing Partner
- Dimitar Kostov Managing Partner
- Borislav Stefanov Managing Partner
- Angel Angelov Managing Partner
- TANYA ILIEVA INVESTMENT MANAGER
Names and roles exactly as listed on innovationcapital.bg. Nothing else about these people is recorded.
Most shared portfolio companies with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 15 investors with a shared portfolio company. A shared company is not proof they invested together in the same round.
- Bulgarian Angels Club 3 shared companies: byebyestuttering.com, fightscout.app, avtoikonom.bg
- Impetus Capital 2 shared companies: promoto.bg, rebenefit.bg
- Axial Partners 1 shared company: wordpress.com
- Fairfax County Employees' Retirement System 1 shared company: wordpress.com
- FireStarter Fund 1 shared company: wordpress.com
- Flare Capital Partners 1 shared company: wordpress.com
- Fundación Repsol 1 shared company: wordpress.com
- Golden Ventures 1 shared company: wordpress.com
- Oasis Capital 1 shared company: wordpress.com
- Overlap Holdings 1 shared company: wordpress.com
and 5 more — the graph.
Where this comes from
Every fact above was read from a page Innovation Capital publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://www.innovationcapital.bg/name, is_investor, layer, type, hq_country, hq_city, invests_in_geographies, stage_min, stage_max, sectors, cheque_size, thesis_quote, thesis_quote_page, description, aum, people
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Record 6957 · added 2026-09-03 · link last verified 2026-10-21 · confidence high
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