In H2 2025, the Bulgarian startup and VC ecosystem experienced a slowdown, with fewer funding rounds and a lower volume of capital deployed into local startups. The standout deal was once again secured by EnduroSat, same as in H1, when the company completed two significant funding rounds, one of them led by Peter Thiel’s fund.
The rest of the activity in Bulgarian startups focused primarily on the fintech, cybersecurity, and longevity sectors.
Below you can check the biggest H2 2025’s funding rounds in Bulgaria and key details about the startups.
This article is part of the CEE funding mapping series, done with the support of the Dealigence platform. Please feel free to contact us if we missed something: [email protected]. / If the deal’s original currency wasn’t the euro, we convert it to the ratio listed on the publishing day.
EnduroSat
About: A provider of software-defined satellites and space data solutions
Founders: Raycho Raychev
Vertical: Space Tech
Latest round: €90M
Stage: Series B / Growth
Investors: Riot Ventures, Google Ventures (GV), Lux Capital, the European Innovation Council Fund, Shrug Capital, Founders Fund, Ceecat Capital, Morphosis Capital, Freigeist Capital, Neo Ventures
Total funding: €152.25M
Evrotrust
About: A digital identity and trust services provider
Founders: Konstantin Bezuhanov, George Dimitrov
Vertical: Fintech
Latest round: €6.6M
Stage: Growth
Investors: 3TS Capital Partners, Silverline Capital, he growth equity investment arm of the Bulgarian Development Bank Group, Capital Investment Fund
Total funding: N/A
Paypercut
About: A BNPL aggregator that connects multiple providers through a single integration
Founders: Stoil Vasilev, Emil Savov, Gareth Walsh, Emil Savov
Vertical: Fintech
Latest round: €2M
Stage: Pre-seed
Investors: Concentric (lead); Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, angel investors
Total funding: €2M
Blue Longevity Clinic
WiseBee
About: Cybersecurity startup with operations linked to Bulgaria and the US
Founders: Stoyan Stoyanov, Taha Kazi
Vertical: Cybersecurity
Latest round: $2.5M (€2.14M)
Stage: Pre-seed
Investors: Frontline Ventures; BrightCap Ventures
Total funding: $2.5M (€2.14M)
