In the dynamic landscape of technology and innovation, Bulgaria has been emerging as a hotbed for startups that are pushing the boundaries of what’s possible. Back in 2022, Bulgaria achieved a significant milestone by landing its first unicorn, showcasing the Nation’s prowess in fostering innovation.
As we dive deeper into the thriving Bulgarian startup ecosystem, we’ll explore ten promising startups founded between 2020 and today, that are poised to make waves both locally and on the global stage, reflecting the country’s continued commitment to nurturing entrepreneurial talent and groundbreaking ideas. From AI-enhanced yoga apps to advanced farming technologies, these startups reflect a deep commitment to leveraging technology for practical solutions. Bulgaria’s startup scene has something for everyone.
AIOT Cloud: Launched in 2022, AIOT Cloud simplifies energy management by integrating AI and IoT technologies to drive cost savings and enhance sustainability. Their platform offers real-time monitoring, analytics, and automation to optimize energy usage. They have raised €1 million providing tools for energy efficiency and environmental impact reduction.
ChangeX: Simplifies combines DeFi and CeFi on one platform, simplifying the crypto experience by offering tools for buying, staking, and trading under a unified system. Their utility token, CHANGE, facilitates community governance and earns rewards from trading fees. Founded in 2022, ChangeX has secured over €1.7 million in funding aiming to make crypto mainstream and accessible.
Costimize: Entering the market in 2022, Costimize has raised over €4.5 million offering a cloud optimisation platform focused on Google Cloud products, aiming to streamline FinOps operations and cost-efficiency for enterprises. It provides tools for analyzing complex data, automating optimizations, and offering Google Cloud expertise.
Credefi: An innovative lending platform that combines crypto lending with real-world asset collateralization, focusing on EU SME loans. Founded in 2020 they have raised over €1.8 million aiming to bridge the debt financing gap in the European Union, offering fair and accessible lending solutions to SMEs while ensuring security through a multi-layered mechanism and a sophisticated token economy.
Icanpreneur: An Accelerator-as-a-Software designed to guide aspiring tech entrepreneurs from an initial idea to achieving product-market fit. Founded in 2021, they have raised over €1 million to provide users with a structured, practical journey for validating ideas and advancing startup concepts without risking current employment, all within a supportive community of like-minded individuals.
ONDO Smart Farming Solutions: Established in 2020, ONDO provides an advanced automation solution for sustainable agriculture, focusing on precise irrigation, fertigation, and climate control for open fields and greenhouses. Their system aims to enhance farm efficiency by significantly reducing resource use and labour while increasing crop yields. They have raised over €1.4 million in funding so far.
PlanDelta: Founded in 2021, PlanDelta bridges the gap between strategic and financial planning, fostering company-wide idea sharing. Having raised over €2.65 million, the company specializes in transforming financial data into insightful management reports, enabling quick, system-agnostic implementation to support informed decision-making.
Rush: Since 2020, Rush has enhanced the online shopping experience for Shopify brands by improving order tracking, and delivery notifications, and providing estimated delivery dates. Their tools help reduce returns, prevent negative reviews, and address customer anxiety about package deliveries by building branded order-tracking pages with upsell opportunities. They have raised over €2.7 million.
Tamadoge: Tamadoge is a Web3 gaming platform that combines classic arcade games with NFTs and cryptocurrency. Users sign up to create a Tamadoge Wallet, load tokens, and enter the arcade to play various games, aiming to climb the leaderboards for weekly prizes. Founded in 2022, they have raised over €17.3 million aiming to revolutionize the Web3 gaming industry.
Yoga Llama: A mobile app founded in 2022 that combines yoga with AI and AR technologies to provide users with real-time guidance and feedback on their yoga poses. Having raised €1 million, it features expert-led classes, augmented reality visualizations, and the convenience of practising yoga on smartphones.
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