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Sofia Angels Ventures is a €13 million co-investment venture capital fund established in Sofia, Bulgaria. Founded to collaborate with private co-investors, including angel investors and family offices, the fund focuses on supporting technology startups at the pre-seed and seed stages. The firm aims to enhance the startup ecosystem in Bulgaria and the surrounding regions while aspiring to extend its reach across Europe and globally.
Currently, Sofia Angels Ventures manages a portfolio of 50 companies, showcasing its commitment to fostering innovation in technology. The fund has a strong emphasis on sectors such as fintech, greentech, medtech, HRtech, agritech, and various software solutions that enhance efficiency and sustainability. The firm is part of Bulgaria's growing startup ecosystem, alongside other notable funds like Eleven Ventures and Vitosha VP.
Notable milestones include the establishment of a diverse portfolio that reflects the fund's investment strategy and its active engagement in co-investment opportunities. The firm operates from its office located at 9A “Sinanishko ezero” Street, Office 3, Sofia, Bulgaria.
Sofia Angels Ventures invests primarily in technology startups at the early stages of development, specifically targeting pre-seed and seed rounds. The fund typically makes initial investments ranging from €200,000 to €500,000, with the potential for follow-on investments of up to €1 million. This investment strategy allows the firm to support startups through critical growth phases.
The sectors of interest for Sofia Angels Ventures include fintech, greentech, medtech, HRtech, agritech, and various software solutions aimed at enhancing efficiency and sustainability. The firm emphasizes co-investing alongside private investors, which enhances collaborative funding opportunities and allows for shared expertise in scaling technology solutions.
Geographically, the fund focuses on startups from Bulgaria and the Southeast and Central European regions, with aspirations to expand its reach across Europe and globally. This strategic focus aligns with the growing market demands for sustainable and efficient technology solutions.
Sofia Angels Ventures has built a diverse portfolio of 50 companies, showcasing its commitment to investing in innovative technology startups. Notable portfolio companies include:
This portfolio reflects the fund's focus on sectors that enhance efficiency and sustainability, aligning with current market trends and demands.
Milen Ivanov - Managing Partner. Milen has extensive experience in venture capital and has been instrumental in building Sofia Angels Ventures. He has a background in technology investments and has led several successful funding rounds.
Bistra Kirova - Managing Partner. Bistra brings a wealth of knowledge in startup development and investment strategy. She has a strong track record in supporting early-stage companies and has been involved in various successful exits.
Stefan Deskov - Investment Director. Stefan specializes in identifying promising technology startups and has a keen eye for innovative solutions. His expertise lies in fintech and HRtech, making him a valuable asset to the investment team.
To pitch to Sofia Angels Ventures, founders should visit the funding application page at sofiaventures.eu. The pitch deck should include a clear overview of the business model, market opportunity, and team qualifications. Founders are encouraged to provide detailed financial projections and a roadmap for growth.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred, as they can enhance the chances of securing a meeting with the investment team.
In recent months, Sofia Angels Ventures has continued to expand its portfolio, actively engaging in co-investment opportunities alongside private co-investors. The firm has made several notable investments in technology startups, including AI Personas and EHS&S Management Software, which align with its focus on enhancing efficiency and sustainability.
As of March 2023, the firm has successfully supported over 50 companies, showcasing its commitment to fostering innovation in the technology sector. The fund's activities reflect its strategic vision to enhance the startup ecosystem in Bulgaria and the surrounding regions.
What are the investment criteria for Sofia Angels Ventures?
The firm invests in early-stage technology startups, primarily at the pre-seed and seed stages, with a focus on sectors such as fintech, greentech, medtech, HRtech, agritech, and software solutions.
How can startups apply or pitch to Sofia Angels Ventures?
Startups can pitch by visiting the funding application page at sofiaventures.eu or by emailing their pitch deck to stefan@sofiaventures.eu.
What makes Sofia Angels Ventures different from other investors?
The firm emphasizes co-investment alongside private investors, which enhances collaborative funding opportunities and provides startups with access to a broader network of expertise and resources.
What is the geographic scope of Sofia Angels Ventures?
The fund primarily focuses on startups from Bulgaria and the Southeast and Central European regions, with aspirations to expand its reach across Europe and globally.
What is the typical fund size and check size for investments?
Sofia Angels Ventures manages a fund size of €13 million, with initial investments typically ranging from €200,000 to €500,000 and follow-on investments of up to €1 million.
What kind of post-investment involvement can startups expect?
The firm provides strategic guidance, access to a network of co-investors, and expertise in scaling technology solutions, which helps portfolio companies navigate their growth journeys.
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