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Vitosha Venture Partners

18 “132” Str, Floor 6, Apt. 11, Sofia, 1113, Bulgaria

Overview

EUR 20m fund for acceleration, seed, and post-seed investments.

Founded

2020

Deals · 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Austria
Bulgaria
India
United States

Sector focus

—

Investment portfolio

9rounds
NAMEDATESIZE
Estel Technologies
Aug 2026Led
$0.31 MSeed
ESTEL Platform
Aug 2026Led
$0.31 MSeed
Kikimora
Dec 2023Led
$1 MOther Equity
TokWise
Dec 2023Participated
$3 MOther Equity
Dynamic Pricing AI
Apr 2023Led
$0.65 MSeed
Fight Scout
Jan 2023Led
$0.05 MSeed
QuarkXR
Dec 2022Led
$0.76 MOther Equity
Swipe.bg
Nov 2022Led
$0.53 MSeed
Re:benefit
Nov 2022Led
$1 MOther Equity
Estel Technologies
Aug 2026Led
$0.31 MSeed
ESTEL Platform
Aug 2026Led
$0.31 MSeed
Kikimora
Dec 2023Led
$1 MOther Equity
TokWise
Dec 2023Participated
$3 MOther Equity
Dynamic Pricing AI
Apr 2023Led
$0.65 MSeed
Fight Scout
Jan 2023Led
$0.05 MSeed
QuarkXR
Dec 2022Led
$0.76 MOther Equity
Swipe.bg
Nov 2022Led
$0.53 MSeed
Re:benefit
Nov 2022Led
$1 MOther Equity
9
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Insights

Time horizon

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Deal Distribution

Vitosha Venture Partners: 9 funding rounds are recorded in the selected participation categories.All available history.
Vitosha Venture Partners: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed50
Other Equity31

Monthly Deal Activity

Vitosha Venture Partners: 9 deals are recorded across 48 months.All available history.
Vitosha Venture Partners: 9 deals are recorded across 48 months. All available history
MonthDeals
Nov '222
Dec '221
Jan '231
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '232
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '262
Sep '260
Oct '260

Sector Breakdown

Vitosha Venture Partners: Networks, Cloud & Communication is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Vitosha Venture Partners: Networks, Cloud & Communication is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Networks, Cloud & Communication4
Enterprise Software4
AI & Machine Learning2
Data, Analytics & IT2
Marketing & Advertising1
Cybersecurity & Privacy1
E-Commerce & Retail1
AR/VR1
Clean Energy & Sustainability1
Professional Services1
Consumer & Lifestyle1

Deal Size Distribution

Vitosha Venture Partners: 9 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Vitosha Venture Partners: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Vitosha Venture Partners: Europe has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Vitosha Venture Partners: Europe has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Europe7
United States1
India1
Vitosha Venture Partners: 6 co-investors are shown, with Impetus Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Vitosha Venture Partners: 6 co-investors are shown, with Impetus Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Impetus Capital2
New Vision 32
EIT InnoEnergy1
Encavis1
Innovation Capital1
Sofia Angels Ventures1

Investment Strategy

Vitosha Venture Partners: Led accounts for 89% and participating for 11% of round participation.All available history.
Vitosha Venture Partners: Led accounts for 89% and participating for 11% of round participation. All available history
CategoryDeals (count)Share (%)
Led889%
Participating111%
Vitosha Venture Partners: Single-lead accounts for 88% and co-led for 13% of lead dynamics.All available history.
Vitosha Venture Partners: Single-lead accounts for 88% and co-led for 13% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead788%
Co-led113%

Team

Marin Iliev

Founder

Maxim Gurvits

General Partner

Nikola Stojanow

Partner

Paul Weinberger

Founding Partner

Stoyan Nedin