Sofia Ventures

Sofia Ventures operates as a €13 million venture capital fund that has secured backing from the European Investment Fund. The firm has established a distinctive co-investment model, partnering with angel investors, family offices, and various private investment entities to maximize impact and diversify risk. Their investment strategy primarily targets technology startups in the critical pre-seed and seed stages, providing essential early capital when companies are most vulnerable and in need of strategic support.

While maintaining a strong regional focus on Bulgaria and the broader Southeastern and Central Eastern European (SEE & CEE) markets, the fund demonstrates ambitious international aspirations. Their vision extends beyond regional boundaries, aiming to establish a pan-European presence and eventually develop global investment capabilities. This geographic strategy allows them to identify promising innovations in underserved markets while maintaining connections to larger technology ecosystems for potential expansion and follow-on funding opportunities.

The fund operates with significant institutional backing through InnovFin Equity, a financial instrument developed under the European Union's Horizon 2020 program. This partnership provides Sofia Ventures with enhanced credibility and resources to fulfill its mission. Additionally, the fund benefits from the European Fund for Strategic Investments (EFSI), established under the Investment Plan for Europe, which strengthens their capacity to identify and support promising technological innovations across the continent.

Sofia Ventures plays a crucial role in the European startup ecosystem by addressing the early-stage funding gap that often challenges emerging technology companies. Their investment approach aligns with broader EU economic development goals of stimulating innovation, creating high-value employment opportunities, and enhancing Europe's competitive position in global technology markets. By facilitating increased access to financing for promising startups, the fund contributes to transforming innovative ideas into viable businesses that can scale across European and international markets, ultimately supporting sustainable economic growth in the region.