Search for...

SeedBlink opens Bulgarian office to support angel investors diversify their portfolio and startups to scale

SeedBlink Bulgaria
Image credit: Angel Hadjiev, Country Manager SeedBlink Bulgaria
, ~

Romanian crowd investing platform SeedBlink opens its first branch outside of the country, in neighboring Bulgaria. Led by Angel Hadjiev as Country Manager, the Sofia-based office will offer European access to investors and solutions to tech startups. This news follows raising €45M in the first two years since the launch to support new businesses.

“We are not starting from scratch. We thank Bulgarian private investors, CEO Angels Club Sofia, Eleven VC, LaunchHub, and Endeavour for their trust and great support they have given us so far,” Angel Hadjiev shared.

With local market expertise, Angel Hadjiev has been focusing for over a decade on M&A, capital raising, and restructuring. He has a background in financial services and has previously held positions in management. 

He will lead the new branch to build bridges with local angel groups, VCs, and private investors. The team will support local pre-seed to B Series tech startups to access capital and build communities. 

Building bridges in the funding community

SeedBlink’s 2022 goal in Bulgaria is to offer angel investors new investment opportunities to diversify their portfolios. They also want to offer local startups access to regional support to scale faster. One Bulgarian tech startup that has already collaborated with SeedBlink is Dronamics

“As firm believers in the democratization of access to capital and opportunities, we liked the professionalism of the SeedBlink team in particular and the platform they’ve developed. They made it extremely prompt and effortless for us to run our campaign,” Svilen Rangelov, Co-Founder and CEO at Dronamics, says.

Svilen Rangelov mentioned in a previous interview that using the SeedBlink platform helped their scaling due to the large audience of people interested in investing in SEE tech startups. With a clear roadmap, they raised almost €1M from 220 investors in December of last year. 

Andrei Dudoiu, Managing Partner and co-founder at SeedBlink, shared in the press release that Bulgaria was their first choice in the expansion journey due to its rapidly growing tech startup ecosystem, which now hosts a unicorn, and the talented technology hub with visionary investors. 

Read more:  Equity crowdfunding on the rise in Romania. Europe next?

So far, SeedBlink has collaborated with 10K investors from 50 countries and has assessed over 1700 tech startups, out of which 60 businesses from eight countries have launched campaigns on the platform

“As the number and scale of entrepreneurial ventures in Bulgaria grow, so does the demand for more venture capital to support their expansion. At the same time, Bulgarian banks still have over €60B lying idle in their accounts. SeedBlink’s platform is well-positioned to do its part in mobilizing this capital to play a more active role in building the value-added economy of the future in Bulgaria,” Momchil Vassilev, Managing Director at Endeavor, concludes.

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

Elena is an Innovation Reporter at The Recursive with 10+ years of experience as a freelance writer based in Bucharest, Romania. Her mission is to report internationally on the amazing progress of the local startup ecosystem while bringing into focus topics such as diversity in business cultures and women in tech; mental health, work-life balance, and the future. Of what? Everything! As a former solopreneur and a full-time mom, she strives to learn something new every day to share with the world. #nevernotlearning