Impetus Capital
Growth equitySofia · Growth–Late Stage · 9 people tracked
Also known as Impetus
Find your way into Impetus Capital
Investment thesis
Impetus Capital invests in exceptional, founder-led technology companies from Emerging Europe, with a preference for teams with a Bulgarian or Romanian angle. It structures deals across the early growth and pre-IPO stages through IPO and exit windows, positioning itself as a long-term active investor that bridges private and capital markets. The firm emphasizes speed of execution and helping strong teams grow efficiently and expand worldwide, pursuing 'blue ocean' opportunities in high-growth tech.
Source: firm website, verified Sep 20, 2026.
Team · 9 people
from the firm's websiteWhat they invest in
from 22 of 35 portfolio companiesAI & Machine Learning ×7SaaS ×7Enterprise Software ×5Consumer ×4Data & Infrastructure ×4Hardware ×4Cloud Computing ×3Cybersecurity ×3
HQs:Bulgaria×12India×1United States×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×93 founders×14+ founders×1
Where their founders studiedfrom 12 founders with education data
Sofia University St. Kliment Ohridski ×2Technical University of Sofia ×2
What their founders studiedfrom 10 founders with field-of-study data
Computer Science ×8Mathematics & Statistics ×2
Where their founders worked beforefrom 14 founders with career history
Experian ×4Genos Ltd ×2
Investments · 35 tracked
founders shown can be your intro pathBy year:2026 · 12018 · 12 dated
A4E provides data analytics solutions tailored for retail and food service businesses, from small coffee shops to large wholesalers, with affordable and easy-to-use analytical apps built on flexible on-demand frameworks.
AI & Machine LearningData & InfrastructureFintechInsurTechRetail TechSaaS
Hristo Hadjitchonev(Chief Product Officer & Co-founder)inAlexander Efremov(Chief Scientist & Co-founder)inNikolay Nikolov(CTO & Co-founder)inDimitar Atanasov(VP Delivery & Co-founder)inGeorge Kremenliev(Chief Executive Officer)in
BioDit develops biometric security solutions offered in wireless and wired configurations.
CybersecurityDeep TechHardware
Co-investorsNEVEQ Capital Partners Ltd.
BioDit offers biometric security solutions, including wireless and wired systems for access control and identity verification.
CybersecurityHardwareIoT
Co-investorsNEVEQ Capital Partners Ltd.
BioSeek builds an AI platform for drug discovery that unifies fragmented biological sources—literature, patents, clinical, and chemistry data—into a connected knowledge graph, with specialist agents that reason across it from disease biology to safety-screened molecules.
AI & Machine LearningBiotechDeep Tech
Rossen Genchev(Founder)in
Boleron is an online platform for comparing, buying, and managing insurance policies, including car insurance, travel, property, life, health, and business coverage.
ConsumerFintechInsurTechSofia, BG
Desislava Tsvetkova(Founder)in
Daye offers at-home diagnostic tests for hormonal health, vaginal microbiome, and STI screening, alongside consulting services with fertility and gynecological nurses.
Digital HealthFemTechHealthtechWellness & Fitness
Valentina(Founder & CEO)
Co-investorsCrane Venture PartnersJazzya InvestmentsKindred CapitalMyelin VCSalica InvestmentsSimplyhealth Ventures
Delivers.AI develops autonomous robotic solutions for last-mile delivery.
AI & Machine LearningCleantechLogistics & Supply ChainRobotics
Co-investorsInveo VenturesJapan Post Capital Co. Ltd.StartersHub
Discordia provides international freight transport and logistics services, operating for 30 years.
Logistics & Supply ChainSofia, BG
GlycanAge offers glycan-based biological age testing and insights to help individuals understand their health and aging rate through advanced diagnostics.
BiotechDeep TechDigital HealthHealthtechLongevity
Gordan Lauc(CSO, Co-Founder)inNikolina Lauc(CEO, Co-Founder)inFilip Lauc(CTO, Co-Founder)in
Co-investorsExceptional VenturesSouth Central VenturesVelocity DigitalVesna AdvisorsLAUNCHub Ventures
Hydrogenera is a publicly listed entity in Bulgaria that provides investor relations documentation and financial disclosures under Bulgarian regulatory requirements.
CleantechClimate TechEnergyHardwareBulgaria, BG
Excitel is an internet service provider offering broadband and streaming services in India, partnering with top ISPs to deliver network coverage across the country.
Cloud ComputingConsumerEnterprise Software
Vivek Rainain
Co-investorsNEVEQ Capital Partners Ltd.
Personal consultancy of Ivelina Atanasova-Genchev, a strategic business consultant offering marketing strategy, fractional CMO services, business coaching, digital transformation, sales funnel development, and investment fundraising support through her proprietary BRAVO Method and Business Clinic program.
Future of WorkImpact & Social GoodMarketing Tech
Ivelina Atanasova-Genchev(Business Consultant & Founder)
Jotform provides an online form builder with integrations that automatically forward new form submissions, file uploads, and payment details to communication tools like Microsoft Teams.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaS
Aytekin Tank(Founder & CEO)in
Co-investorsSeedstarsTwenty Five VenturesWocstar Capital
Kikimora is an AI security agent that connects a security stack (AWS, Azure, Cloudflare, GitHub, Qualys, Tenable, FortiGate and other tools, 18 integrations total) into one conversational interface for triaging findings, drafting fixes, and approving remediation.
AI & Machine LearningCybersecuritySaaSSofia, BG
Krasimir Kotsev(Founder)in
NOESIS LTD manufactures natural and organic cosmetics and develops consumer brands through product development, packaging design, and creative services.
Advanced ManufacturingConsumerDirect to ConsumerWellness & FitnessPlovdiv, BG
Constantin Angelov(General Manager / Founder)in
Promoto.bg is a B2B e-commerce and wholesale trade platform where shops, restaurants (HoReCa), and offices order fast-moving consumer goods online from distributors, importers, and manufacturers.
B2B MarketplacesE-commerceRetail Tech
Re:benefit is a cloud-based SaaS solution that helps HR teams design and manage customized employee benefits packages while monitoring engagement and controlling costs, suitable for both remote and in-office work environments.
Future of WorkHR TechSaaS
Co-investorsVitosha Venture Partners
Cury is a smart scent diffuser device made by Shelly that uses heating-based diffusion technology to release fragrances or repellent liquids with automated scheduling and remote app control.
Cloud ComputingConsumerHardwareIoT
Svetlin Todorov(Founder)in
Tapline provides funding qualification and reporting services for companies.
Enterprise SoftwareFintechSaaS
Co-investorsBalnord Sp. z o.o.DEPO VenturesAntler
Tiger Technology provides data management software and storage solutions for enterprise customers across media, healthcare, government, manufacturing, retail, and other sectors.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSofia, BG
Alexander Lefterov(Founder and CTO)inIravan Hira(CEO)in
Co-investors3TS Capital PartnersEndeavor CatalystTDJ
Transmetrics provides an AI-powered data intelligence platform that integrates fragmented trucking and shipping operational data into unified insights for fleet and forwarding companies.
AI & Machine LearningData & InfrastructureLogistics & Supply ChainSaaS
Co-investorsLAUNCHub Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
A4EBIOSEEKBOLERONDayeDISCORDIAEXCITELGlycanAgeHYDROGENERANOESISPROMOTOSTORIED DATASTORIED DATA Interactive publishingTRANSMETRICS
Portfolio news
latest coverage across their companiesTiger Technology · tiger-technology.com · Jul 28, 2026
Frequently asked questions
- How many investments has Impetus Capital made?
- Impetus Capital has 35 tracked investments, including 1 dated in the last 24 months.
- What stage does Impetus Capital invest at?
- Impetus Capital invests at the Growth, Late Stage stages.
- What sectors does Impetus Capital focus on?
- Impetus Capital focuses on Sector Agnostic.
- Where is Impetus Capital located?
- Impetus Capital is headquartered in Sofia, BG.
- Does Impetus Capital lead rounds?
- Impetus Capital typically participates in rounds rather than leading them.
- Who does Impetus Capital co-invest with?
- Impetus Capital most often shares deals with NEVEQ Capital Partners Ltd., Jazzya Investments, Kindred Capital, among 22 tracked co-investors.
From the blog
visit blog ↗temp AI summary
Media · Podcasts & interviews
featuring the teamViktor Manev, Managing Partner at IMPETUS Capital: Bulgarian Startup Ecosystem
Trending Topics: Balkan Innovation Stories · Viktor Manev
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